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SENSEX NIFTY India | Notes to Account > Infrastructure - General > Notes to Account from Gujarat Bitumen - BSE: 539009, NSE: N.A

Gujarat Bitumen

BSE: 539009|ISIN: INE003Q01012|SECTOR: Infrastructure - General
Jun 26, 16:00
-0.14 (-1.93%)
Gujarat Bitumen is not listed on NSE
Mar 15
Notes to Accounts Year End : Mar '17

1. Commitments and Contingent Liabilities:- NIL

2. Fixed Deposit Under Lien:- NIL

3. Foreign Currency Earning / Expenditure:- NIL

4. Earning Per Share:-

The Company reports basic and diluted earnings per share in accordance with Accounting Standard issued by the Institute of Chartered Accountant of India. Basic earnings per share are computed earnings per share are computed by dividing the net profit for the year by the Weighted Average Number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the net profit for the year by weighted average number of equity shares outstanding during the year as adjusted for the effects of all dilutive potential equity shares except where results are anti-dilutive. Statement showing the computation of EPS is as under”-

5. Related Party Disclosures:-

6. Transactions with Related Parties as specified under Accounting Standard - 18 issued by the Institute of Chartered Accountant of India-

7. Capacity & Production:-

Currently the Company is not engaged in any manufacturing business activities. Therefore no details can be provided

8. In the opinion of the Board of Directors, Current Assets, Loans and Advances have a value of realization equivalent to the amount at which they are stated in the Balance Sheet. Adequate provisions have been made in the accounts for all the known liabilities.

9. The balance of Sundry Creditors, Sundry Debtors, and Loans & Advances are unsecured, considered good and reconciled from subsequent transaction and/ or confirmations are obtained.

29. Previous year’s figures have been regrouped / reclassified wherever necessary to confirm to current year’s classification.

10. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

11. The Company had started trading in textile garments business and 100 % Revenue of Operations had been generated from such activity.

12. As certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realizable or net payable as the case may be.

13. As certified by Company that it has received written representation from all the Directors, that Companies in which they are Directors had not defaulted in terms of section 164 (2) of the Companies Act, 2013, and that representation of Directors taken in Board that Director is disqualified from being appointed as Director of the Company.

Source : Dion Global Solutions Limited
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