Contingent Liabilities:-
Nil, As informed by the management of the company.
Earnings per Share
The Earning considered in ascertaining the company's EPS comprises the
profit available for shareholders i.e. profit after tax and
statutory/regulatory appropriations. The number of shares used in
computing Basic EPS is the weighted average number of shares
outstanding during the year as per the guidelines of AS-20.
Impairment of Assets
The management has given certificate to us that there is no impairment
in assets.
Segment reporting
Accounting standards interpretation (ASI) 20 dated 14-02-2004, issued
by the accounting standard board of ICAI, on AS-17, Segment reporting
clarifies that in case by applying the definition of "Business Segment
and Geographical Segment" given in AS-17, it is concluded that there is
neither more than one business segment nor more than one geographical
segment, thus segment information as per AS-17 is not required to be
disclosed.
Others:-
1. Balances of sundry debtors and loan & advances are subject to
confirmation.
2. In Loans & Advances, Advances to Shrim Construction Private Limited
are for purchase of Capital Asset.
3. Details of The share refund paid during are not presented before
us. .:
4. Investments are taken as certified by the management.
5. Cash balance is taken as certified by the management.
6. In the events of non-availability of suitable supporting vouchers,
directors have given us certificate that these expenses are incurred
mainly for the business activities of the company.
7. In respect of recovery of Loans and Advances of Rs. 5,00,000/- from
M B Parikh & Co. and Rs. 25,01,500/- from M B Parikh Fin Stocks Ltd
legal proceedings are pending before Honorable Court. As informed to us
by management that they are sure about its recovery and the same are
loans and advances- considered good.
8. Above Disclosure is made after taking into account the principle of
materiality.
9. Previous year's figures are regrouped and rearranged wherever
considered necessary.
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