Electric Control Gear India Ltd. के अकाउंट के लिये नोट

Sep 30, 2010

1. In the opinion of the Directors, the balance of unsecured loan and bank balance are subject to confirmation from the respective parties, and necessary adjustment, if ant will be made on its reconciliation.

2. The company not having any employee, therefore no retirement benefit have to payable

3. CONTINGENT LIABILITIES : The Company has given guarantee on behalf of M/s Piramal Financial Services Limited (PFSL) for Rs. 13,70,00,000/- (Previous year Rs. 13,70,00,000/-)

4. (a) Provision for Income tax has not made In the accounts in absence of taxable income computed under the provision of the Income Tax Act 1961.

(b) The Company has got carry forward of losses under Income Tax Laws. The Company is is running into losses The impact of losses, suffered by the Company is severe and in future there is no probability that the Company would be in a posotion to have taxable Income. As Company would not be having taxable Income.

It would not reasonably certain that the deferred tax assets can be realised and therefore there is no requirement for any adjustment of Taxes on income.

(c) The Income tax has issued the penalty us 271(1)((c), against which the company has preferred an appeal before the Hon'ble ITAT, but the Department had recovered some tax liability from the loan holder during the year under report.

5. Segment Reporting:

During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence there is no reportable Segment identifiable in accordance with Accounting Standard (As) 17 issued by The Institue of Chartered Accountants of India.

6. There is no amount outstanding due to Small Scale Industries.

7. During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence detail required as per the part II of Schedule VI .relating to Capacity, production, quantity details etc is not applicable

8. Previous year figures have been rearranged/regrouped wherever necessary.

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Sep 30, 2008

1. In the opinion of the Directors, the current assists, loans and advances are approximately of the value stated, if realized in the ordinary course of the business and provisions for all known liabilities are adequate. The balance of Sundry creditors .unsecured loans, loans and advances and bank balance are subject to confirmation from the respective parties, and necessary adjustment, if any will be made on its reconciliation.

2. The company not having any employee, therefore no retirement benefit have to payable

3. CONTINGENT LIABILITIES : The Company has given guarantee on behalf of M/s Primal Financial Services Limited (PFSL) for Rs. 13,70,00,000/- (Previous year Rs. 13,70,00,000/-)

4. The Company has given interoperate loan Rs.78.28 to Primal Financial Services Limited (PFSL).Since the liquidator is appointed by Hon. High Court for PFSL the Board is of opinion that the amount is not recoverable hence provision for doubtful loan has been made and consequently no provision has been made for interest.

5. (a) Provision for Income tax has not made In the accounts in absence of taxable income computed under the provision of the Income Tax Act. 1961.

(b) The Company has got carry forward of losses under Income Tax Laws. The Company is running into losses. The impact of losses, suffered by the Company is severe and in future there is no probability that the Company would be in a position to have taxable Income. As Company would not be having taxable Income.

It would not reasonably certain that the deferred tax assets can be realized and therefore there is no requirement for any adjustment of Taxes on income.

6. Segment Reporting:

During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence there is no reportable Segment identifiable in accordance with Accounting Standard (As) 17 issued by The Institute of Chartered Accountants of India.

7. There is no amount outstanding due to Small Scale Industries.

8. During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence detail required as per the part II of Schedule VI .relating to Capacity, production, quantity details etc. is not applicable.

9.Previous year figures have been rearranged/regrouped wherever necessary.

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Sep 30, 2007

1. In the opinion of the Directors, the current assests, loans and advances are approximately of the value stated, if realized in the ordinary course of the business and provisions for all known liabilities are adequate. The balance of Sundry creditors .unsecured loans, loans and advances and bank balance are subject to confirmation from the respective parties, and necessary adjustment, if any will be made on its reconciliation.

2. The company not having any employee, therefore no retirement benefit have to payable

3. CONTINGENT LIABILITIES : The Company has given guarantee on behalf of M/s Primal Financial Services Limited (PFSL) for Rs.13,70,00,000/- (Previous year Rs. 13,70,00,000/-)

4. The Company has given interoperate loan Rs.78.28 to Primal Financial Services Limited (PFSL).Since the liquidator is appointed by Hon. High Court for PFSL the Board is of opinion that the amount is not recoverable hence provision for doubtful loan has been made and consequently no provision has been made for interest.

5. The office building at Mumbai is pending for transfer in the name of Company.

6. (a) Provision for Income tax has not made In the accounts in absence of taxable income computed under the provision of the Income Tax Act. 1961.

(b) The Company has got carry forward of losses under Income Tax Laws. The Company is running into losses. The impact of losses, suffered by the Company is severe and in future there is no probability that the Company would be in a position to have taxable Income. As Company would not be having taxable Income.

It would not reasonably certain that the deferred tax assets can be realized and therefore there is no requirement for any adjustment of Taxes on income.

7. Segment Reporting:

During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence there is no reportable Segment identifiable in accordance with Accounting Standard (As) 17 issued by The Institute of Chartered Accountants of India.

8. There is no amount outstanding due to Small Scale Industries.

9. During the year under consideration the Company has not undertaken any trading/ Manufacturing activity hence detail required as per the part II of Schedule VI relating to Capacity, production. quantity details etc. Is not applicable.

10.Previous year figures have been rearranged/regrouped wherever necessary.