1. Balance of personal account of Debtors, Creditors, Unsecured Loans, Loans and advances Security Deposits and other had not been confirmed and are subject to confirmation by the parties.
2. Previous year's figures have been regrouped/reclassified and restated wherever necessary to correspond with the current year's classification/ disclosure.
3. The Company has not received the required information from Suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/ payable as required under the said Act have not been made.
4. "Ind AS 101(First-Time Adoption of Indian Accounting Standards) provides a suitable point for accounting in accordance with Ind AS and is required to be mandatorily followed by first-time adopters. The Company has prepared the opening Balance Sheet as per Ind AS as of 1st April,2016 (the transition date) by:"
(i) recognizing all assets and liabilities whose recognition is required by Ind AS.
(ii) not recognizing items of assets or liabilities which are not permitted by Ind AS.
(iii) reclassifying items from previous Generally Accepted Accounting Principles(GAAP) to Ind AS as required Under Ind AS, and
(iv) applying Ind AS in measurement of recognized assets and liabilities.
5. EVENTS AFTER THE REPORTING PERIOD:
After the reporting date, the following dividends are proposed by the Board of Directors and have not been recognised as liabilities and there are no tax consequences.
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