Graphic Charts Ltd. के अकाउंट के लिये नोट

Mar 31, 2015

Note 1 : Contingent Liabilities not provided for

Sales Tax for Financial Year 1995-96 Rs.76333 (previous year Rs.76333)

Note 2 : Debtors and Creditors

Balance of Creditors, Loans and Advances and Balances with banks are subject to reconciliation and confirmation.

Note 3: At the year end, the company accumulated losses have significantly eroded its net worth and there are no manufacturing operations. However, these accounts have been prepared on a going concern basis, as the management represented they are in the process of taking suitable measures to improve financing and profitability of new operations of the Company

Note 4: No Provision for taxation as well as deferred tax has been made during the current year since the company is having brought forward business losses and unabsorbed depreciation

Note 5: Accounting Standard 17 Segment Reporting issued by the Chartered Accountants of India is not applicable to the company

Note 6: The Company does not have any dues pending to Micro, Small and Medium Enterprises covered under the Micro, Small & Medium Enterprises (Development) Act 2006

Note 7: Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure

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Mar 31, 2014

Note 1 : Contingent Liabilities not provided for

Sales Tax for Financial Year 1995-96 Rs 76333 (previous year Rs.76333)

Note 2 : Debtors and Creditors

Balance of Creditors, Loans and Advances and Balances with banks are subject to reconciliation and confirmation.

Note 3: At the year end, the companys accumulated losses have significantly eroded its net worth and there are no manufacturing operations. However, these accounts have been prepared on a going concern basis, as the management represented they are in the process of taking suitable measures to improve financing and profitability of new operations of the Company

Note 4: No Provision for taxation as well as deferred tax has been made during the current year since the company is having brought forward business losses and unabsorbed depreciation

Note 5: Accounting Standard 17 Segment Reporting issued by the Chartered Accountants of India is not applicable to the company

Note 6: The Company does not have any dues pending to Micro, Small and Medium Enterprises covered under the Micro, Small & Medium Enterprises (Development) Act 2006

Note 7: Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2013

Note 1: Contingent Liabilities not provided for

Sales Tax for Financial Year 1995-96 Rs.76333 (previous year Rs.76333)

Note 2: Debtors and Creditors

Balance of Creditors, Loans and Advances and Balances with banks are subject to reconcfation and confirmation. Note 20: At the year end, the companys accumulated losses have eroded its net worth and here are no manufacturing operations. However, theseaccounts have been prepared on a going concern basis, as he management are in the process of taking suitable measures to improve financmgandprciabMyof he Company by starting business operation.

Note 3: No adjustment for deferred tax has been made during the current year since he company incurred loss and also having brought forward business losses and unabsorbed depredation

Note 4: Accounting Standard 17, Segment Reporting issued by the Chartered Accountants of India is not applicable to the company

Note 5: The Company does not have any due pending to Micro, Small and Medium Enterprises covered under the Micro, Small & Medium Enterprises (Development) Act 2006 Note 24:Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2012

Note 1: Exceptional Items

Note: 1) During the year, pending case before Mumbai High court has been settled as per the arbitration award based on which the company had to pay Rs. 13,50,000 to the opponent.

2) The amount was paid by the court out of the earnest deposits lying with the court. The amount of claim paid (Rs. 13,50,000) and reversal of excess interest accrued (Rs. 1,05,724) have been accounted as expense for the year under head exceptional item.

Note 2 : Contingent Liabilities not provided for

Sales Tax for Financial Year 1995-96 Rs. 76333 (previous year Rs. 76333)

Note 3 : Debtors, Creditors & Liabilities

Balance of Creditors, Loans and Advances and Balances with banks are subject to reconciliation and confirmation. Balances of other current liabilities subject to reconciliation.

Note 4: At the year end, the companys accumulated losses have significantly eroded its net worth and there are no manufacturing operations. However, these accounts have been prepared on a going concern basis, as the management represented they are in the process of taking suitable measures to improve financing and profitability of new operations of the Company.

Note 5: No Provision for taxation as well as deferred tax has been made during the current year since the company is having brought forward business losses and unabsorbed depreciation.

Note 6: Accounting Standard 17 Segment Reporting issued by the Chartered Accountants of India is not applicable to the company.

Note 7: The Company does not have any dues pending to Micro, Small and Medium Enterprises covered under the Micro, Small & Medium Enterprises (Development) Act 2006.

Note 8: The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.

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Mar 31, 2010

1. Contingent Liabilities not provided for: Claims against the Company not acknowledged as debts claim before Mumbai High Court, are Rs.. 15,20,401/- (Previous year 15,70,401/-).The Company has been advised by their Solicitors and Advocates that the demand is not sustainable and no provision is considered necessary.Sales Tax for Financial Year 1995-96 Rs.76,333/ - (previous year Rs.76,333/-)

2. Debtors and Creditors:Balance of Debtors and Creditors, Loans & Advances and Balances with banks are subject to recon ciliation and confirmation.

3. The management has shown its inability to produce National Saving Certificates shown under the head investment as the same was deposited with the Sales tax department, Bhiwadi, Rajasthan. Receipt for Fixed Deposit of Rs.5000/- is also not available with he company.

4. At the year end, the companys accumulated losses have significantly eroded its net worth and there are no manufacturing operations. However, these accounts have been prepared on a going concern basis, as the management is in process of taking suitable measures to improve financing and profitability of new operations of the Company.

5. Related party Disclosures: Key Management Person: 1. Mr. Sanjay Kaushik 2. Mrs. S.S.Kaushik & 3. Mr. Anil Mavinkurve. Note : Related party relationship is as identified by the company and relied upon by the auditor.

6. Accounting Standard 17 "Segment Reporting" issued by the Chartered Accountants of India is not applicable to the company.

7. No Provision for taxation as well as deferred tax has been made during the current year since the company is having brought forward business losses and unabsorbed depreciation.

8. Interest on deposit with Mumbai High Court has been accrued on estimation made by the Management.

Both Basic and Diluted EPS are same because there is no other class of shares and debenture. 11 The Company does not have any dues pending to Micro, Small and Medium Enterprises covered under the Micro, Small & Medium Enterprises (Development) Act 2006.

9. Previous year figures are regrouped and rearranged wherever necessary.