| 1.Terms/rights attached to equity shares :
The company has only one class of equity shares having par value of Rs.
10/-(Previous year Rs. 10/-) per share. Each holder of equity shares
is entitled to one vote per share.
2. Figures have been rounded off to nearest rupee.
3. Contingent liabilities & Commitments NIL NIL
4. Break up of expenditure incurred on employess who were in receipt
of remuneration aggregating Rs. 6000000/- or more for year or Rs.
500000/- or more, per month where employed for a part of the year. Nil
(Previous Year Rs. Nil).
5. DEFERRED TAX : The company on prudent basis has not considered
deferred tax assets.
6. Pursuant to the enactment of Companies Act 2013, the Company has
applied the estimated useful lives as specified in Schedule II.
Accordingly the unamortised carrying value is being depreciated over
the revised/remaining useful lives. The written down value of Fixed
Assets whose lives have expired as at 1st April 2014 have been adjusted
in the opening balance of Profit and Loss Account amounting of Rs.
1843867/-.
7. Disclosures in respect of related parties as defined in Accounting
Standard 18, with whom transactions have taken place during the year
are given below :-
a. Associate Companies in which directors or their relatives are
interested
: Virat Spinners Pvt.Ltd.
b. Associate Concerns in which directors or their relatives are
interested
: Aakruti Textile
c. Directors and their relatives
: Subhkaran T Agarwal
Subhkaran T Agarwal HUF
Vasudev S. Agarwal
Vasudev S. Agarwal HUF
Ravi kumar S.Agarwal
Ravi kumar S.Agarwal HUF
Kajal Ravi Agarwal
Anjana Kailash Agarwal
Bimla Devi S.agarwal
Kailash S. Agarwal
Kailash S. Agarwal HUF
Anita V. Agarwal
Aashna V.Agarwal
Mahavir Prasad Dalmia
8. Micro & Small Enterprises Dues :
As per information given to us there were no amount overdue and
remaining outstanding to small scale and /or ancillary Industrial
suppliers on account of principal and /or interest as at the close of
the year. Based on the information available with company, there are no
dues outstanding to Micro and Small Enterprises as defined under Micro,
Small and Medium Enterprises Development Act, 2006 for more than 45
days as at March 31,2015.
9.Previous year's figures have been regrouped/rearranged wherever
necessary so as to make them comparable with the figures of the current
year.
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