| 1.1 Share Capital
1.1.1 Change in Redeemable Preference Share Capital during the year
Company neither issued any Redeemable Preference share capital nor
bought back issued capital during the year.
1.1.2 Change in Equity Share Capital during the year
Company neither issued any share capital nor bought back issued capital
during the year.
1.2 Deferred Tax Liability/Assets
Deferred Tax Liability has been created pursuant to AS-22 "Accounting
for Taxes on Income" issued by the Institute of Chartered Accountants
of India. The Net Deferred Tax Assets/Liability arising during the year
have been taken to the current year's Profit & Loss Account. The Net
Deferred Tax Liability for the year.
1.3 Trade Payable
Trade payables are outstanding in the normal course of business of the
company.
1.4 Cash & Cash Equivalents
Cash & cash equivalents comprises of Cash on hand, Cash at Bank and
time deposits with the bank.
1.5 Related Party Transactions
No Transactions has been entered with related parties of the Company
for the year ended 31st March, 2014 as per AS 18 - "Related Party
Disclosure" issued by the Institute of Chartered Accountants of India.
1.6 No Dividend on preference Shares and Equity Shares proposed by
Directors due to accumulated losses.
1.7 In the opinion of the Board of Directors, current assets, Loans &
advances are of the value at least equal to the amounts at which they
are stated, if realized in the ordinary course of the business and
provisions for all known liabilities have been made in the accounts.
1.8 Previous year's figures have been regrouped and rearranged wherever
considered necessary.
1.9 All figures are in Indian rupees except number of shares and as
stated otherwise.
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