Abee Info-Consumables Ltd. के अकाउंट के लिये नोट

Mar 31, 2011

1. Company has received stay order on basic excise demand Rs. 6,995,384/- and penalty Rs.3,103,965/-vide order No. S/151-152/2007/C-I dated 06.03.2007 of the Customs Excise and Service Tax Appellate Tribunal West Zonal Bench at Mumbai.

2. There is an outstanding demand of Income Tax Arrears of the A.Y 1998-99 Rs. 147,142.00/- and A. Y 2004-05 Rs. 49,255/-

3. Interest Provision on Rupee Bank CC & Term Loan account & Mahesh Bank Term Loan account has not made as the statement has not available.

4. Company has not made regular payment of Provident Fund, ESIC, Profession Tax and other statutory liabilities. We can not comment on what would be contingent liability in future as it is not ascertainable.

5. Contingent liabilities for TDS on different heads cannot be ascertained. (Above figure does not include interest, penalty on arrears thereon, which will be ascertained at the time of payment.)

v) There is payment of excess interest Rs. 218,631.00/- to Rupee Bank. The matter is still pending in the court.

x) The Balance Sheet abstract and business profit as required by schedule VI of the Companies Act, 1956 are given in a separate annexure.

y) Under the Micro, Small and Medium Enterprises Development Act, 2006, which came into force on October 2, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. As no relevant information is available from the suppliers about their coverage under the Act, no disclosures have been made in the Accounts.

z) Previous year's figures are regrouped and rearranged wherever necessary to confirm to the layout of the year.

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Mar 31, 2010

1. Company has received stay order on basic excise demand Rs. 69,95,384/- and penalty Rs 31,03,965/- vide order No. S/151-152/2007/C-l dated 06.03.2007 of the Customs Excise and Service Trx Appellate Tribunal West Zonal Bench at Mumbai.

2. There is an outstanding demand of Income Tax Arrears of the A.Y 1998-99 Rs. 1,47,142.00/- and A. Y. 2004-05 Rs. 49,255/-

3. Interest Provision on Rupee Bank CC & Term Loan account has not been made as the statement has not been available.

4. Company has not made regular payment of Provident Fund, ESIC, Profession Tax and other statutory liabilities. We can not comment on what would be contingent liability in future as it is not ascertainable.

5. Contingent liabilities for TDS on different heads can not be ascertained. (Above figure does not include interest, penalty on arrears thereon, which will be ascertained at the time of payment.)

i) There is payment of excess interest Rs. 2,18,631.00/- to Rupee Bank. The matter is still pending in the court.

ii) The Balance Sheet abstract and business profit as required by schedule VI of the Companies Act, 1956 are given in a separate annexure.

iii) Under the Micro, Small and Medium Enterprises Development Act, 2006, which came into force on October 2, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. As no relevant information is available from the suppliers about their coverage under the Act, no disclosures have been made in the Accounts.

iv) Previous years figures are regrouped and rearranged wherever necessary to confirm to the layout of the year.

v) Opening Balances are confirmed from last years Balance Sheet as provided by the Client.

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Mar 31, 2009

1. Company has received stay order on basic excise demand Rs. 69,95,384/- and penalty Rs 31,03,965/- vide order No. S/151-152/2007/C-I dt. 06.03.2007 of the Customs Excise and Service Tax Appelate Tribunal West Zonal Bench at Mumbai.

2. There is an outstanding demand of Income Tax Arrears of the A.Y. 1998-99 Rs. 1,47,142/-and A. Y. 2004-05 Rs.49,255/-.

3 Interest Provision on Rupee Bank CC & Term Loan account has not made as the statement has not available.

4. Company has not made regular payment of Provident Fund, ESIC, Profession Tax and other statutory liabilities. We can not comment on what would be contingent liability in future as it is not ascertainable.

5. Contingent liabilities for TDS on different heads can not be ascertained.

(Above figure does not include interest, penalty on arrears thereon, which will be ascertained at the time of payment.) v) There is a payment of excess interest Rs.218,631/- to Rupee Bank. The matter is still pending in the court.

6) The working of the earnings per share as per provisions of Accounting Standard 20 is as under:

= Net Profit or loss attributable to equity shareholders/ Weighted Average Equity Shares Outstanding.

= -52614065.51/10000000 = (5.26)

7) The Balance Sheet abstract and business profit as required by schedule VI of the Companies Act, 1956 are given in a separate annexure.

8) Under the Micro, Small and Medium Enterprises Development Act 2006, which came into force on October 2, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. As no relevant information is available from the suppliers about their coverage under the Act, no disclosure have been made in the Accounts.

9) Previous years figures are regrouped and rearranged wherever necessary to confirm to the layout of the year.