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NOTES TO ACCOUNTS

Overseas Synthetics Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 4.16 Cr. P/BV 1.47 Book Value (₹) 3.99
52 Week High/Low (₹) 13/2 FV/ML 10/1 P/E(X) 15.56
Bookclosure 27/09/2019 EPS (₹) 0.38 Div Yield (%) 0.00
Year End :2015-03 
1.1 Terms / Rights attached to equity shares

The Company has one class of equity shares having a par value of Rs. 10 each. Each shareholder is eligible for one vote per share held.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2 Balances of Trade Payable and Loans & Advances are subject to confirmation & reconciliation if any.

3 Previous year figures have been recast / restated to confirm to the classification of the current period. Figures in bracket as given in notes to accounts relates to the previous year.

4 Since the company has substantial carried forward losses and unabsorbed depreciation and also in the absence of virtual certainty of having taxable income in the near future, hence no Deferred Tax provision has been recognized as envisaged in AS -22 on Accounting Taxes on Income issued by The Institute of Chartered Accountants of India.

5 No Provision for taxes have been made inveiw of the current and carried forward losses.

6 No Depreciation is provided since commercial production is yet to commence.

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