(1) No. provision for Income-Tax is considered necessary in view of
losses.
(2) Previous year figures have been regrouped wherever necessary to
confirm to current year presentation.
(3) The Investment of Rs, 15,00,00,000 (15,00,00,000/- Equity Shares of
Re. 1/- Each) has been made in Saturn Technologies Limited and Equity
Shares are unquoted.
(5) Related Parties disclosure in accordance with Accounting Standard
18 issued by Institute of Chartered Accountants of India.
Related parties
(a) Subsidiary Company : Saturn Technologies Ltd.
(b) Transactions that have taken place during the year with related
parties : NIL
(6) The deferred Tax liabilities and deferred Tax asset is not provided
as there is loss during the year.
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956 RELATING
TO THE SUBSIDIARY COMPANY.
1. Name of the Subsidiary : Saturn Technologies Limited
2. Financial Year of the Subsidiary
Company ended on : 3 lsl March, 2009.
3. Shares of the Subsidiary held by
the Company on the above dale
(a) Number and face value : 10,00,000 Equity Shares of
Rs. 10/-
(b) Extent of the holding : 100% Subsidiary Company.
4. Net aggregate amount of the
Profit/ (Loss) : (3100) of the
Subsidiary for the above financial
year of the Subsidiary so far as
they concern members of the Company:
(a) Dealt with in the accounts of
the Company
For the year ended 31/3/2009. : (3100)
(b) Not dealt with in the accounts
of the
Company for the year ended 3 1/3/2009.: -
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