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Notes to Accounts of Aarv Infratel Ltd.

Mar 31, 2014

1.1.a Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP) Mr. V.Venkateswara Rao

Relatives of KMP Mrs. V. Kali Kumari (wife of Mr. V.Venkateswara Rao)

Company in which KMP / Relatives of KMP can exercise significant influence M/s VV. Fish Nets

Note: Related parties have been identified by the Management.

Note 2 Previous year''s figures

The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2013

1 Corporate information

The company is in the business of trading of Monofilament Yam, Fish Nets, Fish Crates, Fish Net Cords, Ropes etc. It had discontinued its operations in the Financial Year 2006-07 aid had restarted its trading operations in the Financial Year 2011- 12,from its unit in Rajahmundry, Andhra Pradesh. Though, there were no trading activities in the current financial year the management is in the process of re-establishing its market share through product and market study and expects to re-enter the market in the near future.

Note 2 Contingent liabilities and commitments (to the extent not provided for)

As at 31 March, As at 31 March, 2013 2012 % %

2 Claims not acknowledged as Debt (to the extent not provided for)

(i) Contingent liabilities NIL NIL

(b) Guarantees

(c) Other money for which the Company is contingently liable


Mar 31, 2012

1 Corporate information

The company is in the business of trading of Monofilament Yarn, Fish Nets, Fish Crates, Fish Net Cords, Ropes etc,. It had discontinued its operations in the Financial Year 2006-07. During the year it has restarted its operations from its unit in Rajahmundry, Andhra Pradesh.

Note 2 Contingent liabilities and commitments (to the extent not provided for)

As at 31 As at 31 March, 2012 March, 2011

2 Claims not acknowledged as Debt (to the extent not provided for)

(i) Contingent liabilities NIL NIL

(b) Guarantees

(c) Other money for which the Company is contingently liable

3 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2010

1 Notes to Accounts

The company had gone for public issue to raise capital to the tune of Rs. 5,48,55,000/- and the issue was fully subscribed. However, allotment money to the tune of Rs. 44,81,312/- was still due on account as at the year end.

2. Related party transaction for the year is as follows:

1 QUANTITATIVE DETAILS (Pursuant to the provisions of paragraphs 3,4c & 4d of Part

II, Schedule VI of the Companies Act, 1956.

3. Previous year figures have been regrouped , rearranged and reclassified wherever necessary to confirm to the current year comparison.

 
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