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United Interactive

BSE: 502893|ISIN: INE706D01018|SECTOR: Computers - Software
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VOLUME 102
United Interactive is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
1. Fundamental Accounting Assumption:- Going concern
 
 The accumulated losses of the Company as at 31st March, 2015 have
 exceeded 50% of the net worth of the Company as at year end.
 
 Further, the company has carried out investment activity and has earned
 dividend on such investment.
 
 On the basis of the above, the management is confident that the Company
 will be able to generate sufficient cash flows in order to meet its
 obligation as and when they fall due for payment in foreseeable future.
 
 Accordingly, these financial statements have been prepared on Going
 Concern Basis.
 
 2. Terms/ rights attached to equity shares
 
 The company has only one class of shares having a par value Rs.10/- per
 share. Each holder of equity shares is entitled to one vote per share.
 
 3. Taxation
 
 Since the company does not have any taxable income during the year, no
 tax provision is required to be made.
 
 In view of the accumulated losses, neither Deferred Tax Assets on carry
 forward loss and unabsorbed depreciation has been recognized, nor any
 deferred tax liability, as there is no virtual certainty that there
 would be future taxable profits to realize the above assets.
 
 4. Previous year figure has been recast, regrouped and rearranged as
 per the Revised schedule III of the Companies Act, 2013 & wherever
 necessary to make them comparable.
Source : Dion Global Solutions Limited
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