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Aankit Granites Ltd.
Market Cap. (Rs.) 0.00 Cr. P/BV 0.00 Book Value (Rs.) 7.23
52 Week High/Low (Rs.) 10/2 FV/ML 10/100 P/E(X) 0.00
Bookclosure 19/09/2009 EPS (Rs.) 0.00 Div Yield (%) 0.00
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2012-03 A Background

Aankit Granites Limited was incorporated on 14th September 1989 with its registered office in Bangalore, India. The Company is a manufacturer of Granites Tiles. The Company also undertakes machining and job works for its customers.

B (a) Basis of preparation and presentation of financial statements

The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting in accordance with the Generally Accepted Accounting Principles in India ('Indian GAAP') and comply in all material respects with the Accounting Standards notified by Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956 ('the Act').

From the beginning of the reporting period, the revised Schedule VI notified under the Companies Act, 1956 has become applicable to the company, for preparation and presentation of its financial statements which has significant impact on presentation and disclosures made in the financial statements. The company has also reclassified the previous year figures in accordance with the requirements applicable in the current year. Current year and previous year figures have been reported in Crores with two decimals.

(b) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles, requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting periods. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from those estimates. Significant estimates used by management in the preparation of these financial statements include the estimates of the economic useful lives of the fixed assets, provisions for bad and doubtful debts, recognition of deferred tax asset, provision for employee benefits and provision for income taxes.

I. Contingent Liabilities And Commitments (in Rupees)

Contingent liabilities

Claims against the Company not 
acknowledged as debt                      -           -

Guarantees - In favour of Excise 
Department                          504,170     504,170
- Other money for which Company is contingently liable

Penalty under section 114 of 
Customs Act, 1962                 1,000,000   1,000,000

                                  1,504,170   1,504,170
C) As on date the company has not received intimation from any of the parties for having registered themselves under the provisions of Macro, Small & Medium Industries Development Act, 2006. As such the information required under the act is not furnished for the year.

D) As there is no qualified Company Secretary, the accounts can not be authenticated under section 215 of the companies act 1956, read with Section 383 A of the companies act 1956. The companies has initiated steps to recruit a qualified a company secretary.

E) Previous year comparatives Previous year's amounts have been regrouped/reclassified wherever considered necessary to conform to those of the current year.

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Achiievers Equities Ltd (AEL) Member of NSE, BSE and MCX-SX
Reg. Office: 32/A, Diamond Harbour Road, Shakerbazar, Kolkata 700008 Tel: 033 2445 6442/66063000 Fax: 033 6606 3041
Email: info@achiieversequitiesltd.com , customer.care@achiieversequitiesltd.com
NSE Registration Nos.: NSE (Cash) : INB231395832 ; NSE (F&O) : INF231395832 ; NSE (Currency) : INE231395832 ; BSE (Cash) : INB011395838 ; BSE (F&O) : INF011395838 ; BSE(Currency) : INE011395838 | DSE Registration Nos. : INB051395839 | USE Registration Nos. : INE271395837
Achievers Commercial Pvt Ltd (ACPL) Members of MCX, ACE and NSEL. | SEBI Registration No. INZ000050830 | ACE: ACEL/TMC/CORP/0194 | NSEL: 40020
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