Virgo Global Ltd. के अकाउंट के लिये नोट

Mar 31, 2024

The company recognizes the provisions when a there is present obligation (legal or constructive )
as a results of a past events exists and it is probable that am outflow of resources embodying
economic benefits will be required to settle such obligation and the amount of such obligation can
be reliably estimated.

If the effect of the time value of money is material, provisions are discounted using a current pre
tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used,
the increase in the provision due to the passage of time is recognised as a finance costs.

A disclosure of contingent liability is made there is possible obligation or a present obligation that
may, but probably will not require an out flow of resources embodying the economic benefits is
remote, no provision or disclosure is made.

1.2.9 Measurement of EBITDA

The company has opted to present earnings before interest (finance cot), tax, depreciation and
amortization (EBITDA) as a separate line item on the face of statement of profit and loss for the
period ended. The company measure EBITDA on the basis of profit / loss from continuing
operations.

1.2.10 Employee benefits

All the employee benefits payable wholly within 12 months of rendering the services are classified
as short term employee benefits and they are recognized in the period in which the employee
renders the related services. The company recognizes the undiscounted amount of short term
employee benefits expected to be paid in exchange for services rendered as a liability (accrued
expenses) after deducting any amount already paid.

1.2.11 Cash flow statements

Cash flows are reported using the "Indirect methods”, whereby profit for the period is adjusted for
the effects of transactions of a non-cash nature any deferral or accruals of past or future
operating cash receipts or payments and item of income or expenses associated with investing or
financing cash flows. The cash flow from operating investing and financing activities of the
company is segregated.

The accounts of certain Trade Receivables, Short Term Loans and
Advances, Current Liabilities and are subject to confirmation /
reconciliation and adjustment, if any. The Management does not expect
any material difference affecting the current year’s financial statements.
In the opinion of the management, the current assets, loans and
advances are expected to realize at least the amount at which they are
stated, if realized in the ordinary course of business and provision for all
Note 26 known liabilities have been adequately made in the books of accounts

The Company has prepared these financial statements as per the format
prescribed by Schedule III to the Companies Act, 2013 (''the schedule'')
Note 27 issued by Ministry of Corporate Affairs.

Previous year figures have been regrouped / reclassified wherever
N₀t_e 28 considered necessary to conform to this years classification.

Amount have been rounded
Note 29 off to the nearest rupee.

Notes on financial statements, Cash Flow Statement and statement on
accounting policies form an integral part of the balance sheet and profit
Note 30 and loss statement.

As per our report of even date For and on

behalf of the Board

For Sharad Chandra Toshniwal & Co. Virgo Global Limited

Chartered Accountant

Firm Registration No.015888S Sd/- Sd/-

Rajesh Gandhi Sonal Jain

Director Director

Sd/- DIN: 02120813 DIN: 07885062

Sharad Chandra
Toshniwal

Proprietor Sd/- Sd/-

M.NO.216455 M Umashankar Aditya Agarwal

UDIN No.24216455BKELZK5414 Whole Time Director Company Secretary

Place: Hyderabad DIN : -08445 1 23 PAN: APGPA7704N

Date: 29.05.2024_

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Mar 31, 2015

1. Contingent Liabilities and Commitments – NIL-

2. Balances under Trade Receivable, Trade Payables, are subjected to confirmation and reconciliation from respective parties.

3. Segment Reporting

There are no separate reportable segments (business and/or geographical) in accordance with the requirements of Accounting Standard 17 – 'Segment Reporting' issued by the Institute of Chartered Accountants of India.

4. Previous year figures have been regrouped wherever if thought necessary in conformity with the current year groupings. Paise have been rounded off to the nearest rupee. Notes on financial statements, Cash Flow Statement and statement on accounting policies form an integral part of the balance sheet and profit and loss statement.

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Mar 31, 2014

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act , 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

2. Auditor''s Remuneration :

Audit Fee

Current Year (Rs.) 56,180/-Previous Year (Rs.) 56,180/-

3. The Company is engaged in the provision of Internet services. The production and sales in quantitative terms are not possible, as required under paragraphs 3 & 4C of part -II of Schedule VI to the Companies Act, 1956.

4. There are no dues to SSI Units outstanding for more than 30 days.

5. No confirmations were obtained from debtors/creditors as to the balances receivable from/payable to them as at year end.

6. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax assets provision for the current year amounts to Rs. 183/- towards deferred income tax liability . (Previous year Rs 5,938/-towards deferred income tax Asset).

7. The company is contingently liable for Rs. 22.00 lacs towards bank guarantees issued in favour of DoT, ISP.

8. The Company got the approval from High Court of Andhra Pradesh towards reduction of paid-up capital and reduction of Authorized capital vide order number.55 of 2007 dated 24-072007. As per the High Court of Andhra Pradesh direction the Authorised capital of the Company has been reduced to 6,69,74,200/- consisting of 1,67,43,550 equity shares of Rupees 4/ - each.

9. Previous years figures have been regrouped wherever necessary.

10. The figures have been rounded off to the nearest rupee.

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Mar 31, 2013

1 Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act , 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

2 The Company is engaged in the provision of Internet services. The production and sales in quantitative terms are not possible, as requiredunder paragraphs 3 & 4C of part -II of Schedule VI to the Companies Act,1956.

3 There are no dues to SSI Units outstanding for more than 30 days.

4 No confirmations were obtained from debtors/creditors as to the balances receivable from/payable to them as at year end.

5 In accordance with Accounting Standard 22 (AS 22) issued by the ICAI,the Company has accounted for deferred income tax during the year. The deferred income tax assets provision for the current year amounts to Rs. 5,938/- towards deferred income tax Asset . (Previous year Rs. 6,988/-towards deferred income tax Asset).

6. The company is contingently liable for Rs. 22.00 lacs towards bank guarantees issued in favour of DOT, ISP.

7 Previous years figures have been regrouped wherever necessary.

8 The figures have been rounded off to the nearest rupee.

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Mar 31, 2012

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act' 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

2. The Company is engaged in the provision of Internet services. The production and sales in quantitative terms are not possible' as required under paragraphs 3 & 4C of part -II of Schedule VI to the Companies Act' 1956.

3. There are no dues to SSI Units outstanding for more than 30 days.

4. No confirmations were obtained from debtors/creditors as to the balances receivable from/ payable to them as at year end.

5. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI' the Company has accounted for deferred income tax during the year. The deferred income tax assets provision for the current year amounts to Rs. 6'988/- towards deferred income tax Asset. (Previous year Rs. 6'210/-towards deferred income tax Asset).

6. The company is contingently liable for Rs. 22.00 lacs towards bank guarantees issued in favour ofDoT' ISP.

7. Previous years figures have been regrouped wherever necessary.

8. The figures have been rounded off to the nearest rupee.

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Mar 31, 2011

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act , 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

2. Confirmation of Balances with Sundry Debtors and Sundry Creditors

Company has taken necessary steps to get the confirmation of balances from the parties.

3. Segment Reporting ( AS -17)

Since the Company operate in one segment, segment reporting as required under Accounting Standard - 17 is not disclosed here separately.

4. Related Party Transactions (AS-18)

Company related party Transactions - Nil

5. Impairment of Assets ( As -28)

There is no impairment Loss on any assets that has occurred in terms of As -28

6. The Company is engaged in the provision of Internet services. The production and sales in quantitative terms are not possible, as required under paragraphs 3 & 4C of part -II of Schedule VI to the Companies Act, 1956.

7. There are no dues to SSI Units outstanding for more than 30 days.

8. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax assets provision for the current year amounts to Rs.6,210/-towards deferred income tax Asset . (Previous year Rs.6,411/- towards deferred income tax Asset).

9.Prior Period Adjustments:

Prior period adjustments of Rs. 7,245 shown in the Profit and Loss account is the net amount of the debits and credits pertaining to previous years, which were not provided during those periods.

10. The company is contingently liable for Rs. 22.00 lacs towards bank guarantees issued in favour of DoT, ISP.

11. Previous years figures have been regrouped wherever necessary.

12. The figures have been rounded off to the nearest rupee.

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Mar 31, 2010

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

2. Auditors Remuneration Rs. 55,150/- (Previsous Year Rs. 56,120/-)

3. The Company is engaged in the provision of Internet services. The production and sales in quantitative terms are not possible, as required under paragraphs 3 & 4C of part -II of Schedule VI to the Companies Act, 1956.

4. There are no dues to SSI Units outstanding for more than 30 days.

5. No confirmations were obtained from debtors/creditors as to the balances receivable from/payable to them as at year end.

6. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax assets provision for the current year amounts to Rs. 6,411/- towards deferred income tax Liability. (Previous year Rs. 7,588/- towards deferred income tax Asset).

7. The company is contingently liable for Rs. 22.00 lacs towards bank guarantees issued in favour of DoT, ISP.

8. Previous years figures have been regrouped wherever necessary.

9. The figures have been rounded off to the nearest rupee.