1. Contingent Liabilities:
2. Claims against the company not acknowledged as debts Nil Previous Year Nil
3. Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil
4. Other money for which the company is contingently liable Nil Previous Year Nil B) Commitments :
5. Uncalled liability on partly paid up shares- Nil Previous Year (Nil)
6. Estimated amount of contracts remaining to be executed on capital accounts- NIL. Previous Year (Nil)
7. Other Commitments Nil Previous Year Nil
8. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.
9. In the opinion of Board of directors, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.
10. CIF value of Imports: NIL Previous Year (Nil)
11. Earning & Expenditure in Foreign Currency: NIL Previous Year (Nil)
12. Amount due to / from the parties are subject to confirmation.
13. Applying the principles of Accounting Standard - 22 net Deferred Tax assets has emerged. However in the absence of reasonable certainty and convincing evidence of the future taxable income, the same has not been recognized in the accounts
14. The trading of the shares of the company at Bombay Stock Exchange has been suspended with effect from August 21,2015
15. Related Party Disclosure:
As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company's related parties and transactions are disclosed below:
16. Name of related parties and description of relationship:
17. Key Management Personal:
18. Mr. Sachin Sharma
19. Transaction entered during the year with related party. NIL
20.. As per information available with the company, no amount is due to any Undertaking/ Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.
21.. The co does not have more than one segment in line with the accounting standards (AS-17) - Segment Reporting issued by the institute of Chartered Accountant of the India.
22. The figures of the previous years have been regrouped and rearranged wherever it is considered necessary.
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