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
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.