In the event of liquidation of the Company, the holders of equity shares will be entitled to received remaining assets of the Company, after distribution of all perferential amounts. The distribution will be in proprotion to the number of shares held by the equity share holders
2. There was no Foreign Currency transaction during the year.
3. Unexecuted Capital Commitments could not be ascertained (Previous year - same).
4. Interim Financial Reporting :
The company has elected to publish quarterly financial results which were subject to limited review by the statutory auditors.
5. Sundry Debtors, Sundry Creditors and Sundry Advance balance are subject to Confirmation by the parties.
6. No provision for taxation has been made in the accounts in view of carried forward losses from previous years.
7. The company does not have any outstanding liability exceeding a sum of Rupees one lakh for the period of more than 30 days in respect of small scale undertakings.
8. Defferred Tax:
The company has unabsorved depreciation & carried forward losses available for set off under the Income Tax Act. 1961. However in view of present uncertainty regarding generation of sufficient future taxable income, Net Defferred Tax at the year end including related undefferred tax for the year has not been recognised in the account on prudent basis.
9. The figures in bracket represent the previous year figure unless otherwise stated.
10. Segment information :
The Company's only business during the year is Green leaf growing & selling, hence disclosure segment wise information is not applicable under AS 17 "segment information (AS 17)". There is no geographical segment to be reported.
11. The figures have been regrouped and rearranged wherever found necessary and all figures are rounded off to the nearest rupee.