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NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) - P/BV - Book Value (₹) -
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Year End :2015-03 
1. Pursuant to the provisions of companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company does not have any employee, who was in receipt of remuneration for the year under consideration exceeding sixty lakh rupees the information of which could form part of the Director's Report for the year ended 31 * March 2015.

2. Amounts payable to Sundry Creditors, Creditors for Capital Goods and Deposits are subject to confirmation with the respective parties.

3. Segment Reporting:

The segment reporting as per the Accounting Standard (AS) 17 issued by the Institute of Chartered Accountants of India is not applicable, as the company has not carried any commercial activities.

4. Transactions with the Related Parties pursuant to Accounting Standard 18: 

i. List of Related Parties :
Subsidiary Company :                       NIL


Associate Companies / Firms
(including Companies / firms
Controlled by key management
Personnel / relatives who are sub-
stantially interested) :                  Potis Power Projects Ltd.
Key Management Personnel :                Shri. O.Krishna Reddy
                                          Managing Director
5. Previous year figures have been regrouped wherever if thought necessary in conformity with the current year groupings. Raise have been rounded off to the nearest rupee.

6. The company has not received information for vendor regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amount unpaid as at the year end together with interest paid / payable under this act have not been given.

7. The company has neither recognized deferred tax liability nor deferred tax asset in compliance with the Accounting Standard - AS-22 relating to "Accounting for taxes on income" issued by the Institute of Chartered Accountants of India due to uncertainty in tiie future taxable income.

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

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