Ideal Carpets Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1. In the opinion of the Board of Directors, Current Assets, Loans and Advances have realizable value at least equal to amount stated in Balance Sheet in the ordinary Course of Business. Further, Balance of Sundry Debtors, Loans and Advances are subject to confirmation & reconciliation.

2. Contingent Liabilities

Contingent liability as on date of Balance Sheet and not provided in books of Account

- LC in favor of Foreign Parties for US $ 200400 against Security of STDR

3. Terms & Condition and Security of Secured Loans taken from Bank

- Term loan from State Bank of India is secured by way of hypothecation of stock of raw materials, work in progress, finished goods, and also by way of a charge created over Land of the Company in favour of Banks.

- Advance against STDR of Rs. 13.50 Lacs was obtained from State Bank of India out of STDR of Rs. 27.50 Lacs made during previous financial year.

4. The company has no information from its suppliers/vendors regarding their status under the Micro Small & Medium Enterprises Development Act, 2006. Hence, disclosures regarding their unpaid dues of the year-end together with interest paid or payable under the said Act have not been given.

5. Tax Expense

Tax expense comprise of current tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the provision contained under Income Tax Act, 1961 enacted in India.

6. None of the employees of the company were in receipt of a remuneration exceeding Rs.60,00,000/-per annum or Rs.5,00,000/-per month, if employed for part of the year.

7. No provision for listing fee payable to various stock exchanges has been made in the books of accounts.

8. The Previous year''s figures have been regrouped, restated and reclassified wherever necessary. Till the year ended on 31st March, 2011 the company was using pre-revised Schedule VI of the Companies Act, 1956 for presentation of its financial statement. During the year ended 31st March, 2012 the revised Schedule VI as notified under the Companies Act, 1956, has become applicable to the company. The company has reclassified previous year figures to confirm to this year''s classification as per revised schedule VI.

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Mar 31, 2011

1. In the opinion of the Board of Directors Current Assets, Loans and Advances have realizable value at least equal to amount stated in Balance Sheet in the ordinary Course of Business. However, the Balance of Sundry Debtors, Loans and Advances are subject to confirmation.

2. Contingent Liabilities are not provided - NIL

3. Maximum amount due from Directors at any time during the year is NIL.

4. In the absence of any intimation from vendors regarding the status of their registration under the "Micro, Small and medium Enterprises Development Act, 2006", the company is unable to comply with the disclosures required to be made under the said Act.

5. Provision for Income tax has been made keeping in mind the provisions contained under Income Tax Act, 1961

6. None of the employees of the company was in receipts of a remuneration exceeding Rs.60,00,000/-per annum or Rs.5,00,000/-per month if employed for part of the year.

7. The Company is not in position to furnish the information relating to "The Sundry Creditors - SSI", as the Creditors are not willing to disclose their technical status to the Company.

8. No provision for listing fee payable to various stock exchanges has been made in the books of accounts.

9. Additional information as required by paragraph 3, 4(c) and 4(d) of schedule VI to Companies Act, 1956 (As certified by the Management)

10. Previous year figures are regrouped / rearranged/ reclassified where ever considered necessary to make current years figure more comparable.

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Mar 31, 2010

1. In the opinion of the Board of Directors Current Assets, Loans and Advances have realizable value at least equal to amount stated in Balance Sheet in the ordinary Course of Business. However, the Balance of Sundry Debtors, Loans and Advances are subject to confirmation.

2. Contingent Liabilities are not provided for in respect of: Letter of credit issued by the bank- $ 1,74,975.62

3. Maximum amounl due from Directors at any time during the year is NIL.

4. In the absence of any intimation from vendors regarding the status of their registration under the "Micro, Small and medium Enterprises Development Act, 2006", the company is unable to comply with the disclosures required to be made under the said Act.

5. Provision for Income tax has been made keeping in mind the provisions contained under Income Tax Act, 1961

6. None of the employees of the company was in receipts of a remuneration exceeding Rs.24,00,000/-per annum or Rs.2,00,000/-per month if employed for part of the year.

7. The Company is not in position to furnish the information relating to "The Sundry Creditors - SSI", as the Creditors are not willing to disclose their technical status to the Company.

8. No provision for listing fee payable to various stock exchanges has been made in the books of accounts.

9. Additional information as required by paragraph 3, 4(c) and 4(d) of schedule VI to Companies Act, 1956 (As certified by the Management)

10. Previous year figures are regrouped / rearranged/ reclassified where ever considered necessary to make current years figure more comparable.