1.1 During the year, the company has incurred certain expenditure for
which, adequate supporting documents relating to third party invoices
are not available. The Management maintains only internal vouchers,
which are duly approved as per the authorised limits assigned at each
level. The board of directors of company approved the said expenses as
in the opinion of the Management. As per the Management the Company has
incurred these expenditures, wholly and exclusively for the business of
the Company and the nature of the expenses is consistent with the
1.2 In the opinion of the Board, the Current Assets, Sundry Debtors,
Sundry Creditors, Loans & Advances have a value on realisation in the
ordinary course of business at least equal to the amount at which they
are stated in the Financial Statements. The balances thereof are as per
Books of Accounts only.
1.3 Segment Reporting
A) Primary Segment Reporting (by Business Segments)
i. The Company''s business segments are identified as Textile Business,
Investments in Shares & Securities and Money lending Activities.
ii. The accounting policies used in the preparation of the financial
statements of the Company are also applied for segment reporting.
iii. Segment revenues, expenses, assets and liabilities are those,
which are directly attributable to the segment or are allocated on an appropriate basis. Corporate and other
revenues, expenses, assets and liabilities to the extent not allocable to segments are disclosed in
the reconciliation of reportable segments with the financials.
iv. Figures in brackets are in respect of the previous year.
v. Segment Revenues, Results and Other Information:
B) Secondary Segment Reporting (by Geographical Segments)
The Company operates predominately within the geographical limits of
India. It has no secondary Segment Revenue
1.4 RELATED PARTY DISCLOSURE
Related party disclosures, as required by AS - 18, Related Party
Disclosures are given below:
a) Related parties where common control exists
Name of the Companies where the directors can exercise the control -
Ella Fintex Co. Private Limited
b) Key Management Personnel
Mr. Vijay Jaideo Poddar - Managing Director
Mr. Gautam Bose - Director
Mr. L. N. Sharma - Director
B) Transactions with Related Parties-
No Transactions were carried out during the year with the Related
1.5 EARNING PER SHARE
No Potential Equity Shares were outstanding as on 31.03.2014 and hence
Basics and Diluted Earnings per Shares are same.