Notes to Accounts of Cethar Industries Ltd.

Mar 31, 2015

1. SHARE CAPITAL

a. Rights, Preferences and Restrictions attached to Shares:

The Company has one class of Equity Shares having a face value of Rs.10 per share and one class of Preference Shares having face value of Rs. 100 per share as on March 31,2015

Each holder of Equity Share is entitled to one vote per share and are subject to the preferential rights as prescribed under the law or those of the preference share holders, if any.

Each holder of Equity and Preference Shares is entitled to Dividend in proportion to their holding of shares.

2. OTHER NOTES

1 Figures have been rounded off to the nearest rupee.

2 Figures of previous year have been re-grouped and re-arranged wherever necessary to confirm to those of current year's classification.

3 No Depreciation is provided for the year under report as there were no fixed assets left with the company during the year.

4 No provision for income tax have been made in the books since the company had incurred loss in the current year and eligible to set-off the carried forward losses of earlier years.

5 No managerial remuneration is provided or paid during the year.

6 Value of imports calculated on CIF basis - Nil

7 Expenditure in Foreign Currency - Nil

8 Earning in Foreign Currency - Nil

9 As the textile business was closed down, the capacity of production is not applicable and no stocks are left with.

10 No commission was paid to the Managing Director. No sitting fee was paid to the Directors.

11 Contingent Liabilities:

12 Counter Guarantee to bankers in respect of Guarantee given by the Bankers Rs. 1 64 Lakhs (Previous year Rs. 1.64 Lakhs)

13 Earning per share : Negative

14 The information required to be disclosed under the "Micro, Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of information available with the company. Based on the information, there are no Micro, Small and Medium Enterprises to whom the Company owes dues,which are outstanding for more than 45 days as at 31st March, 2015.

15 No deferred tax asset has been provided in the books as there were uncertainty about the availability of sufficient future taxable income.

16 Balances In parties account are subject to confirmation and reconciliation, if any. In the opinion of the board, the current assets loans and advances have a value on realization at least equal to the amount at which they are stated. Two inoperative bank accounts are subject to confirmation and reconciliation.

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Mar 31, 2013

01. Figures have been rounded off to the nearest rupee.

02. Figures of previous year have been re-grouped and rearranged wherever necessary to conform to those of current year''s classification.

03. No Depreciation provided for the year under report as there were no fixed assets left with the company as on 31-3-2013.

04. No provision for Income Tax have been made in the books since the company had incurred losses in earlier years, which were eligible for carry forward and set off.

05. Capacity of Production , Raw Material Consumed and Sales:

As the textile business was closed down the capacity of production is not applicable. No stocks are left with.

06. No commission was paid to the Managing Director. No sitting fees was paid to Directors.

07. Payment to Statutory Auditors : Audit fees Rs. 25,000/-inclusive of out of pocket expenses.

08. Contingent Liabilities :

a) Counter Guarantee to Bankers in respect of Guarantee Given by the Bankers Rs.1.64 lakhs. (Previous year Rs.1.64 lakhs-)

b) Customers Bills discounted with Bankers Rs. 0.00 lakhs. ( Previous year Rs.0.00 lakhs)

09. Earnings per share : : Negative

10. The information as required to be disclosed under the "Micro, Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of information available with the company. Based on this information, there are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2013.

11. Accounting for Taxes on Income

As there was uncertainty that sufficient future taxable income will be available, no deferred tax asset had been created.

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Mar 31, 2012

01. Figures have been rounded off to the nearest rupee.

02. Figures of previous year have been re-grouped and rearranged wherever necessary to conform to those of current year's classification.

03. No Depreciation provided for the year under report as there were no fixed assets left with the company as on 31-3-2012.

04. No provision for Income Tax have been made in the books since the company had incurred losses in earlier years' which were eligible for carry forward and set off.

05. Capacity of Production ' Raw Material Consumed and Sales:

As the textile business was closed down the capacity of production is not applicable. No stocks are left with.

06. Number of persons employed throughout the financial year who were in receipt of remuneration which in aggregate was not less than Rs.24'00'000 for the year.

07. No commission was paid to the Managing Director. No sitting fees was paid to Directors

08. Payment to Statutory Auditors : Audit fees Rs25'000/-

09. Contingent Liabilities:

a) Counter Guarantee to Bankers in respect of Guarantee Given by the Bankers Rs.1.64 lakhs. (Previous year Rs.23'70'096/-)

b) Customers Bills discounted with Bankers Rs. 0.00 lakhs. ( Previous year Rs.0.00 lakhs)

10. Earnings per share : : Negative

11. The information as required to be disclosed under the "Micro' Small and Medium Enterprises Development Act' 2006" has been determined to the extent such parties have been identified on the basis of information available with the company. Based on this information' there are no Micro' Small and Medium Enterprises to whom the company owes dues' which are outstanding for more than 45 days as at 31st March' 2012.

12. Accounting for Taxes on Income

As there was uncertainty that sufficient future taxable income will be available' no deferred tax asset had been created.

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Mar 31, 2010

01. Figures have been rounded off to the nearest rupee.

02. Figures of previous year have been re-grouped and rearranged wnerever necessary to conform to those of current years classification.

03. Depreciation have been provided in respect of Assets as on 31.03.2010 on pro-rata basis under straight line method in accordance with schedule XIV of the Companies Act, 1956.

04. No provision for Income Tax have been made in the books since the company had incurred losses in earlier years, which were eligible for carry forward and set off.

05. Number of persons employed throughout the financial year who were in receipt of remuneration which in aggregate was not less than Rs.24,00,000 for the period.



01.No. of persons - Nil

02. Salary - Nil



06. No commission was paid to the Managing Director. No sitting fees was paid to Directors.

07. Payment to Statutory Auditors : Audit fees Rs.25,000/-

08. Contingent Liabilities :

a) Counter Guarantee to Bankers in respect of Guarantee Given by the Bankers Rs.23,70,096

(Previous year Rs.23,70,096/-)

b) Customers Bills discounted with Bankers Rs. 153.35 lakhs. ( Previous year Rs.1411.22)

09. Earnings per share : Negative

10. The information as required to be disclosed under the "Micro, Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of information available with the company. Based on this information, there are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2010.

11. Accounting for Taxes on Income

As there was uncertainty that sufficient future taxable income will be available, no deferred tax asset had been created.