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Moneycontrol.com India | Notes to Account > Finance - General > Notes to Account from Classic Global Finance and Capital - BSE: 538433, NSE: N.A
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Classic Global Finance and Capital

BSE: 538433|ISIN: INE854P01028|SECTOR: Finance - General
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Classic Global Finance and Capital is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
 2.1 The previous year''s figures have been reworked, regrouped,
 rearranged and reclassified wherever necessary.
 
 2.2 All the investments made by the company are valued at Cost .
 
 2.3 Managerial Remuneration: Nil
 
 2.4 The Company does not have any inventory as at 31.03.2015.
 
 2.5 Deffered tax arising on account of timing differeance and which are
 capable of reversal in one or more subsequent periods is recognised
 using the tax rates and tax laws that have been enacted or
 substantively enacted. Deffered tax assests are recognised unless there
 is virtual certainty with respect to the reversal of the same in future
 years.
 
 2.6 All schedules annexed to and form integral part of the Balance
 Sheet and Profit & Loss Account.
 
 2.7 Minimum Alternative Tax (MAT) is recognised as an asset only when
 and to the extent there is convicing evidence that the company will pay
 normal income tax during the specefied period. The Company reviews the
 same at each balance sheet date and writes down the carrying amount of
 MAT Credit Entilement to the extent there is no longer convicing
 evidence to the effect that company will pay normal Income Tax during
 the specified period.
 
 Notes referred to above and notes attached there to form an integral
 part of Profit & Loss Statement
Source : Dion Global Solutions Limited
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