| 1. Related party disclosure for the year ended March 31,2014
Subsidiaries Nil
Associates Crown Tradelink Pvt. Ltd.
Key Management Personal Prakesh Amin ,
Mr. Narendrakumar J. Shah
Mr. Ajay Bhavsar
Mr. Ashish Tripathi
2. Transctions with related parties (Rs. In Lac.)
3. Disclosure in respect of material transactions with related parties.
Rendering of Services Crown Tradelink Pvt. Ltd.
Finance Taken Crown Tradelink Pvt. Ltd.
Prakesh Amin
Mr. Narendrakumar J. Shah
Mr. Ajay Bhavsar
4. Disclosure required by clause 32 of the Leasing Agreement.
Amount of loan / advances in nature of loans outstanding from
subsidiaries and associates during 2013-2014
5. No Provision for taxation for Current Year has been made in the
absence of any taxable income under the Income Tax Act, 1961.
6. C.I.F. Value of Import RS. Nil
7. In the opinion of Board of Directors the Current Assets , Loans &
Advance (except certain part of debtors and deposits) are approximately
of the value stated , if realised in the ordinary course of business.
All Known and ascertained liabilities are adequate & just in excess of
the amount and reasonably necessary.
8. During the year under review, the company has borrowed unsecured
loan from corporate body. As per the information and explanation given
to us there is no stipulation as to its repayment, rate of interest and
other conditions.
9. According to the information given to us Sundry Debtors, represents
some old debtors, which are not realizable. No provision for the same
is made in the books of accounts. Similarly the Creditors under the
head sundry creditors are old and as per the management perception it's
Payment Liability are not likely to arise.
10. The Company has not carried out any production activities during
the year. The quantity details are not available.
11. Sundry Debtors, Sundry Creditors and Loans & Advances are subject
to reconciliation and confirmation.
12. Previous year's figure have been grouped/ rearranged wherever
necessary so as to confirm year's grouping.
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