1. Previous Year''s Figures
Previous Year''s Figures have been regrouped, rearranged and
reclassified whenever necessary to make them confirm to this year''s
2. Company''s Act Requirement Under Section 217(2A)
Expenditure incurred for employee as specified in Section 217(2A) of
the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975 is NIL.
Company has made all necessary provisions and the amounts are
4. Current Assets, Loans & Advances
In the opinion of the Board the Value on realization of Current Assets.
Loans & Advances if realized in the ordinary course of the business
shall not be less than the amount, which is stated, in the current
year''s Balance Sheet, the provision for all known liabilities is
adequate and not in excess of the amount considered reasonably
5. Amount Due to Micro, Small & Medium Scale Enterprises Unit
There are no Micro, Small & Medium Scale Enterprise, to whom the
Company owes dues, which are outstanding for more than 45 days at March
31, 2012. This information is required to be disclosed under the Micro,
small and Medium Enterprise Developments Act, 2006 has been determined
to the extent such parties have been identified on the basis of
information available with the Company.
6. Contingent Liabilities
In the Opinion of the Board Contingent Liability is NIL.
7. Employee Benefits
i) The Company has recognized the following amounts in the Profit &
Loss Account towards contributions to Provident Fund :
Contribution towards Provident Fund : Rs. 573,173/-
ii) The Gratuity Benefits have been valued in accordance with the rules
of Gratuity framed by the company. Defined Benefit Obligation-Gratuity
Benefit as per revised Accounting Standards 15.
d) Changes in the fair value of plan assets representing reconciliation
of the opening and closing balances thereof are as follows:
As the company has no funded plan so Opening and Closing fair value in
plan assets and changes in thereof is NIL.
e) The major categories of plan assets as a percentage of total plan
assets are as follows:
The company has no funded plan.
The estimates of future salary increase, considered in actuarial
valuation, take account of inflation, seniority, promotion and other
relevant factors, such as supply and demand in the employment market.
The above information is as certified by the actuary and relied upon
8. Segmental Information:
The Company has only one segment as its total investment is in Sand