-0.01 (-0.46%)| Notes to Accounts | Year End : Mar '11 |
1. Related Party Disclosures There is no other company, which is under the same management in which the directors of the com- pany are entrusted as directors and / or shareholders. There is no transaction with any firm and/ or proprietor firm in which the directors of the company are interested as a partners or proprietor. 2. Key Management Personnel The Key management personnel are the directors, whose names are mentioned in the corporate gover- nance report. 3. The names of Micro Small and Medium Enterprisers suppliers defined under ''The Micro Small and Medium Enterprises Development Act, 2006'' could not be identified, as the necessary evidence is not in the possession of the Company. 4. Liabilities in respect of gratuity & leave encashment and other retirement benefits are accounted for on cash basis which is not in conformity with Accounting Standard (AS) 15 (Revised 2005) on Employee Benefits as issued by the Institute of Chartered Accountants of India which requires that Gratuity and Leave Encashment Liabilities be accounted for on accrual basis. 5. In the opinion of the management, there is no impairment of assets as on Balance Sheet date. 6. In the opinion of the management, there are no contingent liabilities as on Balance Sheet date. 7. Deferred Tax: (a) The company has provided deferred tax in accordance with the Accounting Standard-22 Accounting for taxes on Income issued by the ICAI. (b) The break-up of net deferred tax liability as on 31st March, 2011 is as under: Particulars Deferred Tax Liability Tax on Difference between book and Tax Depreciation Rs. (138,671/-) 8. Paise have been rounded off to the nearest rupee. 9. Schedule A to I from an integral part of Balance Sheet and Profit & Loss Account. 10. Previous year figures have re-grouped or rearranged wherever necessary. |
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| Source : Dion Global Solutions Limited | |
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