Oriental Remedies & Herbals Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

Terms/Rights attached to equity shares :

The Company has only class of equity shares having a par value of R 10 per share. Each holder of the equity is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares are entitled to receive remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Details of shares held by each shareholder holding more than 5% shares:

The company does not have any outstanding to Micro, Small & medium Enterprises based on available information provided by the management.

Contingent liability

As per the information action provided by the management, the company does not have any liability of Institute of Chartered Accountants of India.

Related Party Transaction

As Per Accounting Standard-18 on "Related party Disclosures" related parties of the company are discussed below

(a) List of the Related Parties

Key management Personal (KMP)

Shyam Shreshtha , Director

Dr. Dinesh C Gupta, Director

Ratan Jana, Director

There is no transaction with related parties or their relatives during the year

The Revised Schedule VI has Become effective from 1 April, 2011 for the preparation of financial Statements. This has significant impacted the disclosure and presentation made in the financial statements. Previous Year''s figures has been regrouped/ reclassified wherever necessary with the current year''s classification/ disclosure

NOTES:

1. The proxy shall be signed by the appointer or his attorney in writing or if the appointer is a body corporate, be under its seal or be signed by an officer or an attorney duly authorized by it.

2. A member to attend and vote is entitled to appoint a proxy to attend and vote instead of himself and a proxy need not be a member.

3. This instruction of proxy shall be lodged at the Registered Office of the company not less than forty eight hours before the time for holding the meeting at which the person named in the proxy proposes to vote, and in default the instrument of proxy shall not be treated as valid.

NOTES:

1. A Member/ Proxy/ Authorized Representative wishing to attend the meeting must complete the attendance slip and hand it over at the entrance of the meeting hall.

2. If you intend to appoint a proxy, please complete, stamp, sign and deposit the Proxy Form given at the Registered office at least 48 hours before the Meeting.

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Mar 31, 2011

1. Deferred Tax

In accordance with Accounting Standard 22 relating to "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, the company has carried forwarded losses and due to uncertainity of future income, deferred tax has not been provided.

2. CONTINGENT LIABILITIES, PRIOR PERIOD ITEMS AND CHANGES IN ACCOUNTING POLICIES

Contingent Liabilities -- Nil

Changes in Accounting Policies -- Nil

There were no prior period items/adjustments during the year.

3. EARNINGS PER SHARE

Earnings per share is calculated by dividing the profit attributable to the Equity Shareholders by the weighted average number of Equity Shares outstanding during the year. The numbers used in calculating basic and diluted earnings are stated below:

4. Schedules 1 to 7 form an integral part of the accounts for the year under review.

5. Advances of Rs. 1,09,64,552/- paid to various parties for project work which is under suspension. Under the present circumstances these are pending reconciliation and confirmation. The management is hopefull to recover the same in the due course of time.

6. Information pursuant to Para 3, of part II of Schedule VI to the Companies Act, 1956 are not applicable to the company for the year under review.

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Mar 31, 2010

1. Deferred Tax

In accordance with Accounting Standard 22 relating to "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, the company has carried forwarded losses and due to uncertainty of future income, deferred tax has not been provided.

2. CONTINGENT LIABILITIES, PRIOR PERIOD ITEMS AND CHANGES IN ACCOUNTING POLICIES

Contingent Liabilities -- Nil

Changes in Accounting Policies -- Nil

There were no prior period items/adjustments during the year.

3. EARNINGS PER SHARE

Earnings per share is calculated by dividing the profit attributable to the Equity Shareholders by the weighted average number of Equity Shares outstanding during the year. The numbers used in calculating basic and diluted earnings are stated below:

4. Schedules 1 to 7 form an integral part of the accounts for the year under review.

5. Advances of Rs. 1,09,64,552/- paid to various parties for project work which is under suspension. Under the present circumstances these are pending reconciliation and confirmation. The management is hopeful to recover the same in the due course of time.

6. Information pursuant to Para 3, of part II of Schedule VI to the Companies Act, 1956 are not applicable to the company for the year under review.