Parekh Distributors Ltd. के अकाउंट के लिये नोट

Mar 31, 2013

1.1 Previous year figures

The previous year''s figures have been regrouped / reclassified, wherever necessary to confirm to current year''s presentation.

1.2 Dues to micro and small enterprise:

There were no dues outstanding to suppliers as the end of the accounting year on account of Principal and Interest.

The Company is a Small and Medium Sized Company as defined in the General Instructions in respect

1.3 of Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended). Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

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Mar 31, 2010

1) Contingent Liabilities: Rs. Nil. (Previous Year Rs. Nil)

2) Expenditure in foreign currency: Rs. Nil. (Previous Year Rs. Nil)

3) Earnings in foreign exchange: Rs. Nil. (Previous Year Rs. Nil)

4) Value of imports accounted for during the year including imported items purchased locally through channelising agencies previous year C.I.F. value in Rs. Nil. (Previous Year Rs. Nil)

5) The company has not received any intimation from its vendors regarding the status under Micro, Small and Medium Enterprises Development Act, 2006, and hence disclosures required under the said act have not been made. In the absence of any such intimation, the company has not made provision of interest payable, if any. The same is not expected to be material. This has been relied upon by the auditors.

6) No provision for taxation has been made in the books of accounts in view of carried forward business losses & unabsorbed deprecation for earlier assessment years. The Company has unabsorbed depreciation & business losses which given rise to a Deferred Tax Asset (OTA). The Company has not recognized DTA in view of uncertainty as to future taxable income against which it can be realized.

7) The company has not provided for gratuity and provident fund during the year as the same is not applicable under the relevant provisions of the Act.

8) Since the Company operates only in one segment, the Segmental Reporting requirement as per AS 17 is not applicable.

9) Related Parties Disclosure as required under AS 18 :

Related parties and relationships

i. Directors Mr. VivekAgnihotri

Mr. Rahul S.Dutia

Mr. Sanjeev P. Shah

ii. Enterprises over which a director or shareholder, having significant influence over the company, has control

iii. Details of transactions with Director

i. Remuneration Nil (Previous Year Nil)

iv. Details of transactions with Enterprises Nil (Previous Year Nil) over which a director or shareholder having significant influence or control over the company has control

10) In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amounts reasonably necessary.

11) The Directors have waived sitting fees for meetings attended to by them during the year

12) Previous year figures have been regrouped wherever necessary and have been shown in brackets.