| 1 Current Tax denotes Minimum Alternate Tax u/s 115 JB of the Income
Tax Act 1961.
2 Income Tax assessments of the Company have been completed up to
assessment year 2013-14.
3 The Company has no liability towards leave encashment, gratuity and
bonus payable for the year under consideration.
4 The Company has no suppliers covered under "Micro, Small & Medium
Enterprises Development Act, 2006". This has been relied upon by the
auditors.
5 The Company will review the various credit balances appearing in the
ledger for a considerable period of time and necessary adjustment, if
any, shall be carried out upon the completion of review.
6 Exceptional items denotes PF arrear paid to Employees Provident Fund
Organization.
7 The company has taken interest free Security deposit amounting to
Rs. 25.51 lacs (Previous year Rs. 22.50 lacs).
8 Deferred taxation
The Company has adopted Accounting Standard 22 "Accounting for Taxation
on Income" issued by the Institute of Chartered Accountants of India
with effect from 1st April 2001. As on the date of Balance Sheet, the
Company has significant unabsorbed depreciation and carry forward
losses. In view of the absence of virtual certainty of realization of
unabsorbed depreciation and carry forward losses, no deferred tax
assets have been recognized.
9. Previous year's figures have been regrouped /rearranged wherever
considered necessary to confirm to this year classification.
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