| 1. The company has issued only one class of shares referred to as equity
shares having a par value of Rs. 10/- Each holder of equity shares is
entitled to one vote per share.
2. In the event of liquidation of company, the holders of equity shares
will be entitled to receive any of remaining assets of the company,
after distribution of all preferential amounts. However no such
Preferential amounts exist currently.
3. Distribution will be in proportion to number of equity shares held by
each shareholder.
4. a) In the opinion of Board, Current Assets, Loan and Advances have
value on realization in the ordinary course of business at least equal
to the amount at which they are stated.
b) In the opinion of the Management ( read with Note No 2.20 ) there is
no provision for bad and doubtful debts, loan & advances and diminution
in the value of long term investments in their respective carrying
values.
c) Loan and Advances pursuant to Clause 32 of the Listing Agreement.
5. No provision for diminution in the value of certain Long Term
Investment has been considered necessary, since in the opinion of the
Management, such diminution in their value is temporary in nature
considering the nature of Investment, inherent value, Investee's Assets
and expected future Cash Flows from such investment.
6. Related party Disclosures :
a) Name of the related parties :
Subsidiary Co. : M/s Som Datt Infosoft Pvt Ltd
Associate Co. : M/s Som Datt Securities Ltd
Key Management Personnel : Ms. Latika Datt Abbott
7. The management has based on its operational parametres and future
earnings, reassessed and recognised deferred tax asset ( Net) as above.
The management is of the view that sufficient future taxable income
will be avialable against which such deferred tax assets can be
realised.
8. Contingent Liability:- Contigent Liabilities are not provided for
and are disclosed by way of Notes to the Account
9. The information as required in terms of para 13 of Non-Banking
Finance (Non-Deposit Accepting or Holding) Companies Prudential Norm
(Reserve Bank) Directions 2007 are enclosed.
10. The figure of the previous year have been regrouped/reclassified
to confirm with the figures of the current year
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