| 1. Application for Listing
The Company has filed an application with the Bombay Stock Exchange
(BSE) for listing of its entire equity share capital of Rs 10 each on
the BSE. The application of the Company is pending approval of BSE.
2. Capitai Commitments
31 March, 2014 31 March, 2013
Estimated amount of contracts
remaining to be executed on capital
account and not provided for (net 21,825,836 -
of advances)
3. Contingent liabilities
Contingent Liability in respect of
contested demand of AY 2008-09 44,600 44,600
4. Segment Reporting
The Company is predominantly engaged In the business of trading
activities and Is a 'Single Segment' Company.
5. Related Party Disclosures
As per Accounting Standard 18 'Related Party Disclosures' Issued by
ICAI, the disclosure of transactions with related parties are given
below:
(i) Names of the related parties and description of relationship
List of related parties where control exists:
1- Key Management Personnel (KMP) and their relatives
Mrs. Suchita Chhawchharia - Director
Mr. Ksbitii Chhawchharia - Relative of Director
2. Enterprises where KMP/ relatives of KMP have significant influence
or control
BCCO Commodities Private Limited
BCCO Consultants Private Limited
BCCOHoldings Private Limited
B Chhawchharia & Co.
3, Associates
Avon Credit Private Limited
6. Accounting far Taxes on Income
As availability of future taxable income is not certain. On
consideration of prudence, provision for deferred tax assets is not
made In term of AS 22, Accounting for Taxes on Income.
7. Details of dues to micro and small enterprises as defined under
the MS MED Act,2006
The Company has circulated confirmation for the identification of
suppliers registered under the Micro, Small and Medium Enterprises
Development Act, 200&. On the basis of information available with the
Company under the aforesaid Act, there are no Enterprises to whom the
Company owes dues which are outstanding at year end. This has been
relied upon by the Auditors.
8. There is no employee eligible for gratuity and as such no
provision made.
9. Previous year figures have been reclassified Wherever appropriate
to confirm to current year's presentation.
10. All the figures in these notes are in 'Rs' except otherwise
stated,
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