Avon Mercantile Ltd. के अकाउंट के लिये नोट

Mar 31, 2013

1 The schedule VI as notified under the Companies Act, 1956 continues to be applicable to the company for its financial statements for the year ending March 31, 2013. The adoption of the revised schedule VI requirements presentation has significantly modified the presentation and disclosures which have been complied with in these financial statements.

2 The company being listed on stock exchange therefore, has complied with all the notified applicable Accounting Standards.

3 Deferred Taxes

As per the guidance note of the Institute of Chartered Accountants of India on Accounting Standard AS - 22 " Taxes on Income", the company as on the date of balance sheet, at the income tax rates applicable on the said date has Deferred Tax Assets (DTA) of Rs. 1,25,50,371/- on its carried forward long term capital losses and provision for dimunition in the value of investments. The said DTA has not been recognized in the books of account, on account of total uncertainty of future long term profits and revival in the values of long term investments respectively.

4 Previous year figures have been regrouped/re-classified wherever considered to make comparable with the current year figures.

5 All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

6 There are no employees in the company for the present, therefore, there is no liability against future payment of gratuity

7 As the company''s business activities are confined to Investment/Trading in Shares & Securities only, therefore, the disclosure requirement of Acounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India, is not applicable.

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Mar 31, 2011

Not Available

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Mar 31, 2009

31-Mar-09 31-Mar-08 1 Estimated amounts of contracts remaining to be executed on capital account and not provided for. NIL NIL 2 Earning / Expenditure in Foreign Currency NIL NIL 3 Contingent Liabilities not provided for: On acccount of income tax demand in appeal NIL Rs. 89,757/-

4 All schedules are annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

5 There are no employees in the company for the present, therefore, there is no liability against future payment of gratuity.

6 Related Party Disclosure

Key Management Personnel: Mr R K Gupta Mr GS Negi Mr Sandeep Dey

7 Payment to Auditors 2008-09(Rs.) 2007-08(Rs.) Statutory Audit Fees 14,339 14.607 Others 25.157 3.929 Total 39.496 18.536

8 As the companys business activities are confined to Investment/Trading in Shares & Securities only, therefore, the disclosure requirement of Acounting Standard 17 "Segment Reporting issued by the Institute of Chartered Accountants of India, is not applicable

9 As per the guidance note of the Institute of Chartered Accountants of India on Accounting Standard AS - 22 " Taxes on Income", the company as on the date of balance sheet, at the income tax rates applicable on the said date has Deferred Tax Assets (DTA) of Rs.37,43,342/- on its carried forward business and long term capital losses. The said DTA has not been recognized In the books of account, on account of total uncertainty of future profits against which DTA could be realised as the company continued to incur losses in the current as well as previous financial years.

10 Due to clencal error, TDS on audit fees provided has not been deducted which is being deducted and paid in the current financial year 2009-10

11 The pretty old balances appearing under the heads Sundry Creditors and Other Liabilities are subject to confirmations

12 Previous years figures have been regrouped / re-arranged, wherever considered necessary.

13 Additional Information pursuant to the provisions of Part IV of the Schedule VI of the Companies Act, 1956