| 1. Investments have been verified and certified by the
management. Investments of the company in the form of shares and Govt.
securities are either lodged or transferred or held with valid transfer
forms as certified.
2. No provision has been made of interest on short term loans and
advances given.
3. No deposit has been accepted from the public under Section 73
of the Companies Act 2013.
4. Previous year figures have been regrouped or rearranged
wherever necessary.
5. Figures are rounded off to nearest rupee.
6. Accounting for Taxes on income -
7. In accordance with the requirements under the Accounting Standard 22
- "Accounting for taxes on income", there is no timing difference arises
during the year hence the Company has not created any Deferred Tax
asset/liability during the year.
8. The deferred tax assets arisen on account of unabsorbed
depreciation and Carry Forward Losses have been recognized and carried
forward only to the extent where there is reasonable extent & where
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
adjusted. The deferred tax liability has arisen principally on account
of the time difference between the depreciation admissible under the
Income Tax Act and the depreciation adjusted in the accounts.
9. There was no due as at 31.03.2015 under Micro Small and Medium
Enterprises Act. 2006.
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