Note
1. The Cash Flow Statement has been prepared by Indirect Method as per AS-3 issued by ICAI.
2. Figures of previous year have been rearranged/regrouped wherever necessary
3. Figures in brackets are outflow/deductions
4 The Company incorporated on 31.12.2015 with the one main object to acquire whole business as going concern of Ms Shiva Export Co. a partnership firm and acquired entire assets and liabilities of the firm.
5 Financial Statement prepared from the date of incorporation 31.12.2015 to 31.03.2016 including all transaction made by Shiva Export Co. now a unit of Company after 30.12.2015.
6 During the period no amount was remitted in foreign currency on account of dividend and there was no earning in foreign currency except otherwise stated.
7 During the period total prior period expenditure is of Rs. NIL
8 The SSI status of the creditors is not known to the company, hence the information is not given
9. Fixed assets are stated as cost appeared in the books of M/s Shiva Export Co.
10 During the year the company has revised the estimated useful lives of certain assets based on a technical studt and evaluation of useful life of the assets conducted in this regard and management 's assessment thereof. The details of previously applied depreciation rates and useful life and revised useful I lifeare as follows
11 Auditors expenses 31.03.2016 Audit fees 17250
12 It is not possible to give the quantitative details of such sales and other information required under paragraph 3, 4C, and 4D of part II of schedule VI of the Companies Act 1956 as the quantity is not maintained.
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