M/S NIKUNJ COMMERCIALS PVT. LTD.

GUWAHATI

SCHEDULE - ‘11’
NOTES ON ACCOUNTS

1. Previous year figures have been rearranged/regrouped wherever necessary.

2. SIGNIFICANT ACCOUNTING POLICIES:
(i) Fixed Assets :
Fixed assets are recorded at cost of acquisition. They are stated at historical cost
(ii) Accounting Convention :
The preparation of financial statements in conformity with “GAAP” requires that the
management of the company makes estimates and assumptions that affect the reported
amounts of income and expenses of the period, the reported balances of assets and
liabilities and the disclosures relating to contingent liabilities as of the date of the financial
statements. Examples of such estimates / include the useful lives of fixed assets, provisions
for doubtful debts / advances, future obligations in respect of retirement benefit plans etc.
Actual results could differ from these estimates. All income and expenditure items having
material bearing on the financial statements are recognised on accrual basis. The company
maintains its Accounts on accrual basis following the historical cost convention in
accordance with Generally Accepted Accounting Principles (GAAP) and in compliance with
the accounting standards referred to in Section 211(3C) and other requirements of the
Companies Act,1956.
(iii) Depreciation:- Depreciation on fixed assets have been calculated on WDV method at the
rate given in schedule XIV of the Companies Act, 1956 on Prorata basis.
(iv) Investments: Investments have been shown at cost.
(v) Provision for Income tax , FBT and Deferred tax: Income tax is ascertained on the basis of
assessable profits computed in accordance with the provisions of Income Tax Act,1961.
Provision of Deferred tax & Fringe Benefit Tax has not been made for the year.
(vi) There is no employee eligible for gratuity payment, hence no provision required.
(vii) 75% of administrative expenses have been charged to project expenses (WIP) except audit
fee. rent, rates and taxes, CS Compliance fee. Bank charges, Legal expenses & Interest have
been fully charged to project expenses.
3. ADDITIONAL INFORMATION AS REQUIRED UNDER PART IV OF SCHEDUL VI TO THE
COMPANIES ACT,1956.

BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE :

i) Registration Details
Registration no. : 02-03768
State Code no. : 02
Balance Sheet Date : 31st March, 2009

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ii) Capital raised during the year (Amount in Rs. thousand)

Public Issue : Nil Right Issue : Nil

Private Placement : Nil Bonus Issue : Nil

iii) Position of Mobilisation and Deployments of Funds (Amount in Rs. thousand)

Total Liabilities : 7678 Total Assets : 7678

Source of Fund Application of Fund

Paid up Capital : 1910 Net Fixed Assets : 158
Reserve & Surplus : 292 Net Current Assets : 6646
Secured Loans : 531 Investment : 874
Unsecured Loans : 4945

iv) Performance of the Company (Amount in Rs. thousand)

Turnover (Includ- Total Expenditure : 58

ing other Income) : 57
Profit/Loss Profit/Loss
(before tax) : (-) 0.5 (after tax) : (-)0.5
Earning per Share Rs. : (-)0.023 Dividend Rate % : NIL

v) Generic names of Principal Products/Services of the Company

( As per Monetary Terms)

ITEM CODE (ITC CODES) PRODUCTS DESCRIPTION

Construction Work

Signature to Schedule ‘1’ to ‘11’.

As per our attached report of even date.

For S.K. Bhartia & Co.
Chartered Accountants

Sd-
S.K. Bhartia For & on behalf of
Proprietor BOARD OF DIRECTORS

Place : Guwahati Sd- Sd-

Date : 29-08-2009 (Mohini Agarwal) (Pawan Kumar Agarwal)
Director Director