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| Notes to Accounts | Year End : Mar '12 |
A. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF : 1. There is no contingent liability. NOTE 1 1. In the opinion of the Management, the Current Assets, Loans and 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 Balance sheet. The provision for depreciation and other known liabilities is adequate and not in excess of what is required. 2. In terms of Accounting Standard 22, Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India, the Deferred Tax Assets have not been created in the accounts for the year ended on 31st March, 2012 as the Company considers that there is no reasonable certainty of sufficient future taxable income being available against which such Deferred Tax Assets can be realized/utilized. B. Previous year''s figures have been regrouped and restated wherever necessary to confirm to the East year''s Classification and figures shown in brackets are pertaining to previous year. |
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| Source : Dion Global Solutions Limited | |
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