Prakash Solvent Extractions Ltd. के अकाउंट के लिये नोट

Mar 31, 2011

1. Contingent liability: NIL (Previous year - NIL)

2. Payment to Auditors include Auditors' remuneration as follows:

3. Other additional Quantitative information pursuant to Para 3,4-C , and 4-D of part - II of Schedule VI of the Companies Act, 1956 is as follows :

4. Prior period adjustments, if any, having impact on the financial affairs of the Company are disclosed.

5. The Company does not expect taxable income for the previous year (i.e. 1.4.2010 to 31.3.2011) relevant to the assessment year 2011-2012.

6. Details for Value of Imported and Indigenous Raw materials and spare parts and components consumed and % thereof is not included as the same is not applicable.

7. Expenditure in Foreign currency during the financial year on account of Royalty, Know how fees, professional and consultation fees, interest and other matters is NIL ( previous year Nil )

8. The amount remitted during the year in Foreign currency on account of :

9. Previous year's figures have been shown regrouped / rearranged, where considered necessary.

10. Earnings in foreign Currency :

a. Exports of goods calculated on F.O.B. basis - Rs.NIL ( Previous year NIL ).

b. Royalty ,Know how , professional fees and Consultation fees - NIL ( Previous year NIL ).

c. Interest and Dividend - NIL ( Previous year NIL )

d. Other Income - NIL ( Previous year NIL )

11. Expenditure incurred on employees who were in receipt of remuneration in the aggregate of not less than Rs.24,00,000/- per annum, if employed throughout the year or Rs.2,00,000/- per month, if employed for less than 12 months.

12. In the opinion of the Board of Directors, the Current assets are approximately are of the value stated , if realised in the ordinary course of the business.

13. The balance on all personal accounts is subject to confirmation by the parties and reconciliation, if any.

14. Accounting Standard - 22 "Accounting for Taxes on Income" is not applied in the case of company, since it does not have reasonable certainty of sufficient future taxable income. The company has carried forward losses in the past years and the accounting standard if applied will translate into Deferred Tax Assets.

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Mar 31, 2010

1. Contingent liability: NIL (Previous year - NIL)

2. Prior period adjustments, if any, having impact on the financial affairs of the Company are disclosed.

3. The Company does not expect taxable income for the previous year (i.e. 1.4.2009 to 31.3.2010) relevant to the assessment year 2010- 2011.

4. Details for Value of Imported and Indigenous Raw materials and spare parts and components consumed and % thereof is not included as the same is not applicable.

5. Expenditure in Foreign currency during the financial year on account of Royalty, Know how fees, professional and consultation fees, interest and other matters is NIL ( previous year Nil )

6. The amount remitted during the year in Foreign currency on account of :

a. Dividend NIL (previous year NIL)

b. No. of Non Resident Shareholders NIL (Previous year NIL)

7. Previous years fgures have been shown regrouped / rearranged, where considered necessary.

8. Earnings in foreign Currency :

a. Exports of goods calculated on F.O.B. basis - Rs. NIL ( Previous year NIL ).

b. Royalty, Know how, professional fees and Consultation fees - NIL ( Previous year NIL ).

c. Interest and Dividend - NIL ( Previous year NIL )

d. Other Income - NIL ( Previous year NIL )

9. In the opinion of the Board of Directors, the Current assets are approximately are of the value stated , if realised in the ordinary course of the business.

10. The balance on all personal accounts is subject to confirmation by the parties and reconciliation, if any.

11. Accounting Standard - 22 "Accounting for Taxes on Income" is not applied in the case of company, since it does not have reasonable certainty of sufficient future taxable income. The company has carried forward losses in the past years and the accounting standard if applied will translate into Deferred Tax Assets.