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NOTES TO ACCOUNTS

Airan Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 178.15 Cr. P/BV 4.23 Book Value (₹) 3.37
52 Week High/Low (₹) 50/10 FV/ML 2/1 P/E(X) 28.75
Bookclosure 23/04/2019 EPS (₹) 0.50 Div Yield (%) 0.00
Year End :2018-03 

A. COMPANYOVERVIEW

Airan Limited (‘the company’) is a public limited company incorporated in India. The Company has its primary listings on the National Stock Exchange of India Limited (Emerge), in India.The registered office of the company is located at 408, Kirtiman Complex, Behind Rembrant Building, C.G. Road, Ahmedabad-380006, Gujarat.

The company is a leading provider of consulting, technology, outsourcing, next-generation services and software.

1. Deferred Tax Details

As per Accounting Standard (AS-22) “Accounting for Taxes on Income”, issued by the Institute of Chartered Accountants Of India, in the absence of virtual certainty that sufficient future taxable income will be available against which the net deferred tax assets can be realized, on a prudent and conservative basis, the Company has recognized it in the accounts.

2. Balances of creditors, debtors, loans and advances are subject to confirmation, reconciliation and consequent adjustments, if any.

3. Where external evidence in form of cash memos, bill stamped receipts etc. are not available, we have relied upon the internal vouchers that have been prepared by the concerned person and authorized by the authorized signatory.

4. The previous year figures have been regrouped / reclassified, restated wherever necessary to confirm with the figures of current year.

5. The figures have been shown at rounded off rupee.

6. In the opinion of the Board and to the best of their knowledge and belief, the value on realization of Current Assets, Loans & Advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet. The provision of all known liabilities is adequate and is neither excess nor short of the amount reasonable necessary.

B. ADDITIONAL INFORMATION PURSUANT TO THE PROVISIONS OF PARAGRAPH 3 AND 4 OF PART II OF SCHEDULE VI TO THE COMPANIES ACT, 2013, TO THE EXTENT APPLICABLE.

1. Four Employees of the Company incl. Two Director are in receipt of salary exceeding Rs 50,000/- per month (P.Y. Rs. 50,000/-) for either part or full year.

2. Quantitative information of purchase and sales: -Not Applicable

C. Additional Disclosures as required under applicable Accounting Standards (to the extent applicable):

1. The Company is a Small & Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013 and Micro, Small & Medium Enterprise Development (Amendment) act, 2015. Accordingly, the company has complied with the Accounting Standards as applicable to Small and Medium Sized Company.

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