| List of parties with whom transactions have taken place during the
year:
1) Entities under common control
a) Shiva Paper Mills Limited
b) Shiva Services Limited
c) R.N.Finance Limited
d) Shiva Kymen Sukka Limited
2) Key Managerial Personnel
a)Sh.Amit Jain
3) Relatives of Key Management Personnel
a) Sh.Parmod Jain
b) Sh.Parmod Jain HUF
c) Smt. Kiran Jain
d) Sh. Rajat Jain
1.1 Others
i) In the opinion of the management and read with the other notes, the
current assets, loans and advances are expected to realize at least the
amount/at which they are stated, if realized in the ordinary course of
business and provision for all known liabilities has been adequately
made in the accounts
ii) The Company has not complied with the provisions of section 383A of
the Companies Act 1956 relating to the appointment of a full time
Company Secretary keeping in view of its financial position and
non-availability to get a suitable person considering the financial
sickness of the Company
iii) No provision for Income Tax is necessary in view of the
accumulated losses. Also the accumulated deferred tax assets (net) have
not been recognized keeping in view the consideration of prudence in
accordance with the Accounting Standard 22 "Accounting for Taxes on
Income" issued by the Institute of Chartered Accountants of India.
Company will reassess the unrecognized deferred tax assets in
subsequent period having regard to the future developments
iv) Paise have been rounded off to nearest rupee.
v) Previous Year's figures have been regrouped and / or rearranged.
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