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Notes to Accounts of Aarcon Facilities Ltd.

Mar 31, 2014

1. (a) Terms / Rights attached to Equity Shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.

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/repayments of all creditors. The distribution will be in proportion to the number of equity shares held.

(b) Shares held by holding or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.

There is no Shares held by holding or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.

(c) Shares reserved for issue under option and contracts/commitments for the sales of shares/disinvestments, including the terms and amounts.

There is no such shares reserved for issue under option and contracts/commitments for the sales of shares/disinvestments, including the terms and amounts.

(d) Aggregate number of bonus shares issued, share issued for consideration other than cash an d shares bought back during the period of five years immediately preceding the reporting date:

There is no such transaction occurred during the period of five years immediately preceding the reporting date.

(e) Terms of any securities convertible into equity/preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date.

The Company did not issued any type of security/preference shares.

(f) Calls Unpaid (Showing aggregate value of calls unpaid by directors and officers)

The Balance in Calls unpaid account as on 31.03.2014 is amounting to Rs. 89,80,500/- out of which there is no outstanding from Directors & Officers.

(g) Forfeited shares (amount originally paid up)

There is no forfeited shares.

2. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. Debit and Credit Balance in party accounts are subject to confirmation and reconciliation.

4. Contingent Liabilities not provided for in respect of :

a. Estimated amount of contracts remaining to Rs. Nil be executed on Capital Account not provided for in the Books of Accounts

b. Claims against Company/disputed liabilities Rs. Nil not acknowledge as debts.

5. Earning in Foreign Currency Rs. Nil

6. CIF Value of Import & Expenditures : Rs. Nil

7. The Company has not written off Misc. Expenditure Rs. 12, 59,328/- as per AS - 26.

8. Pursuant to AS-22, The effect of deferred tax asset of Rs. 2,06,601/- for the year ended 31st March 2014 has been credited to profit & loss account.

9. Investments are stated at Cost.

10. The Name of the Company has been changed to "AARCON FACILITIES LIMITED" from "R.B. GUPTA FINANCIALS LIMITED" w.e.f. 26.11.2013.

11. Figures for the previous period have been re-grouped/re-arranged wherever necessary to correspond with the figures of the current year.


Mar 31, 2013

1. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

2. Debit and Credit Balances in party accounts are subject to confirmation and reconciliation.

3. Contingent Liabilities not provided for in respect of:

a) Estimated amount of contracts remainingto Rs. Nil be executed on Capital Account not provided for in the Books of Accounts

b) Claims against Company/disputed liabilities Rs.Nil not acknowledge as debts.

4. Earning in Foreign Currency Rs. Nil

5. CIF Value of Imports Expenditures: Rs. Nil

6. Quantitative Information: Not Applicable

7. During the year, the company has transferred Profit of Rs. 3,77,015/- to Special Reserve as required u/s. 45IC of the Reserve Bank of India Act. 1934.

8. The company has not written off Misc. Expenditure of Rs. 12,59,328/- as per Accounting Standard 26.


Mar 31, 2012

(a) Terms / Rights attached to Equity Shares

The company has only one class of equity shares having a par value of "10 per share. Each holder of equity shares is entitled to one vote per share.

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/repayments of all creditors. The distribution will be in proportion to the number of equity shares held.

(b) Shares held by holding or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.

There is no Shares held by holding or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.

(c) Shares reserved for issue under option and contracts/commitments for the sales of shares/disinvestments, including the terms and amounts.

There is no such shares reserved for issue under option and contracts/commitments for the sales of shares/disinvestments, including the terms and amounts.

(d) Aggregate number of bonus shares issued, share issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date:

There is no such transaction occurred during the period of five years immediately preceding the reporting date.

(e) Terms of any securities convertible into equity/preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date.

The Company did not issued any type of security/preference shares.

(f) Calls Unpaid (Showing aggregate value of calls unpaid by directors and officers)

There is a calls unpaid of Rs. 89,80,500/-

(g) Forfeited shares (amount originally paid up)

There is no forfeited shares.

1. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

2. Debit and Credit Balances in party accounts are subject to confirmation and reconciliation.

3. Contingent Liabilities not provided for in respect of:

a) Estimated amount of contracts remaining to Rs. Nil be executed on Capital Account not provided for in the Books of Accounts

b) Claims against Company/disputed liabilities Rs.Nil not acknowledge as debts.

4. Earning in Foreign Currency Rs.Nil

5. CIF Value of Import & Expenditures: Rs.Nil

6. Quantitative Information: Not Applicable

7. During the year, the company has not transferred Profit to Special Reserve as required u/s. 45IC of the Reserve Bank of India Act. 1934.

8. In absence of sufficient profit of the Company, the company has not written off Misc. Expenditure of Rs. 12,59,328/-.

9. The Registered office of the company is changed from " Near Shivam Estate, Opp. VUDA circle, Mangal Pandey Road, Karelibuag, Baroda, Gujarat" to "401-402, Earth Complex, Opp. Vaccine Institute, Old padra Road, Baroda - 390015, Gujarat" w.e.f. 01.01.2012. Form No, 18 is filed with ROC.

10. During the year ended 31st March, 2012 the revised schedule VI under the Companies Act, 1956 has become applicable to the company for preparation and presentation of its financial statements. The adoption of revised schedule V! does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosure made in the financial statements. The Company has also reclassified the previous year's figures in accordance with the requirements applicable in the current year. In view of this reclassification certain figures of current year are not strictly comparable with those of previous year.

11. Figures for the previous period have been re-grouped/re-arranged wherever necessary to correspond with the figures of the current year.


Mar 31, 2011

1. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary. 2. Debitand Credit Balances in party accounts are subject to confirmation and reconciliation. 3. Contingent Liabilities not provided for in respect of: a) Estimated amount of contracts remaining to Rs. Nil be executed on Capital Account not provided for in the Books of Accounts b) Claims against Company/disputed liabilities Rs. Nil not acknowledge as debts. 4. Earning in Foreign Currency Rs. Nil 5. CIF Value of Import & Expenditures: Rs. Nil 6. Quantitative Information : Not Applicable 7. During the year, the company has transferred 20% if its Profit amounting to Rs.41,552.08/- to Special Reserve as required u/s. 45IC of the Reserve Bank of India Act. 1934.

8. In absence of sufficient profit of the Company, the company has not written off Misc. Expenditure of Rs. 15,59,328/-.


Mar 31, 2010

1. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

2. Debitand Credit Balances in party accounts are subject to confirmation and reconciliation.

3. Contingent Liabilities not provided for in respect of:

a) Estimated amount of contracts remaining to Rs. Nil

be executed on Capital Account not provided

for in the Books of Accounts

b) Claims against Company/disputed liabilities Rs. Nil

not acknowledge as debts.

4. Earning in Foreign Currency Rs. Nil

5. CIF Value of Import & Expenditures: Rs. Nil

6. Quantitative Information : Not Applicable

7. During the year, the company has transferred 20% if its Profit amounting to Rs.6115/- to Special Reserve as required u/s. 45IC of the Reserve Bank of India Act. 1934.


Mar 31, 2009

1. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value statec if realised, in the ordinary course of business. Provision for all known liabilities is adequate and not in exces of the amount reasonably necessary.

2. Debit and Credit Balances in party accounts are subject to confirmation and reconciliation.

3. Contingent Liabilities not provided for in respect of :

a) Estimated amount of contracts remaining to Rs. Nil be executed on Capital Account not provided for in the Books of Accounts

b) Claims against Company/disputed liabilities Rs. Nil not acknowledge as debts.

4. Earning in Foreign Currency Rs. Nil

5. CIF Value of Import & Expenditures : Rs. Nil

6. Quantitative Information : Not Applicable

7. During the year, the company has transferred 20% if its Profit amounting to Rs. 20263.45 to Special Reserve as required u/s. 45IC of the Reserve Bank of India Act. 1934.

Statement pursuant to Part-IV of Schedule VI to the Companies Act, 1956

(i) Registration Detail : Balance Sheet Date :- 31.03.2009

Registration No. : L65910GJ1993PLC019057 State Code : 04

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

(v) Generic Name of the Principal Product/Service of Company

Item Code No : Not Applicable

Product Description : Finance Business & hence N.A.



 
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