Home  »  Company  »  Aaswa Trading &  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Aaswa Trading & Exports Ltd.

Mar 31, 2014

1. Notes in compliance of Schedule Vi to the Companies Act, 1956

2.1 The details of bonus shares issued, shares issued for consideration otherwise than in cash and shares brought back in preceding five years:

The company has not issued any bonus shares, shares for consideration otherwise than in cash and has not brought back any shares in yea under review and preceding five years

2.2 Details of Unpaid calls due from Directors or officers

There were no unpaid calls due from Directors/Officers of the Company.

2.3 Rights of Shareholders, Dividend and Repayment of Capital:

Rights of Equity Share holders

a. Holder of equity shares is entitled to one vote per share.

b. The Company declares and pays dividends in Indian Rupees. The Companies Act, 1956 provides that any dividend be declared out of accumulated distributable profits only after the transfer to a general reserve of a specified percentage of net profit computed i accordance with current regulations.

c. In the event of liquidation of the Company, the holders of shares shall be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

3. During the year under review the company has made provision of Rs.1, 89,600/- for Income tax.

As regards deferred tax as per Accounting Standard - 22 (AS-22) on "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, since there is a net deferred tax assets for the past years and for the current year. Considering the provisions of the As-22 and as a matter of prudence, the company has not recognized the said deferred tax assets while preparing the accounts for the year under audit.

4. The cost of purchase is arrived at after considering effect of any settlement reached with the suppliers during the year.

5. There are no micro and small enterprises, to which the company owes dues, which are outstanding for more than 45 days as at 31st March, 2014. This 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.

6. Segment reporting (Accounting Standard - 17):

The company has only one revenue segment — trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

7. As regards adoption of accounting standard — 28 on "impairment of Assets" issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the year or on the net assets of the company as at year end..

8. Previous year figures have been regrouped / rearranged wherever necessary to confirm to this year''s figures.


Mar 31, 2013

1 The details of bonus shares issued, shares Issued for consideration otherwise than in cash and shares brought back In preceding I five years:

The company has not issued any bonus shares, shares for consideration otherwise than In cash and has not brought back any shares in yearl I under review and preceding five years.

b. The Company declares and pays dividends In Indian Rupeas. The Companies Act, 1956 provides ihatany dividend be declared oui| of accumulated distributable profits only after the transfer to a general resarva of a specified percentage of net profit computed In accordance with current regulations.

c. In the event of liquidation of the Company, the holders of shares snail be entitled to receive the remaining assets of the Company after distribution of all preferential amounts. Tha amount distributed will be in proportion to the number of equity shares held by the shareholders.

2. During the year under review the company has made provision of Rs.1,52,400/- for Income tax.

As regards deferred tax as per Accounting Standard - 22 (AS-22) on "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, since there is no deferred tax assets or liabilities during the year, no provision for the same has been made.

3. The cost of purchase is arrived at after considering effect of any settlement reached with the suppliers during the year.

4. There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as at 31st March, 2013. This 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.

5. Segment reporting (Accounting Standard - 17):

The company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

6. Related parties disclosures (Accounting Standard - 18):

(i) Relationships

(a) Other related parties where control exists:

Krupa Printers

(ii) Transactions carried out with related parties referred to In (I) above are in ordinary course of business.


Mar 31, 2010

1. Previous year figures have been regrcuped/rearranged wherever necessary to make them comparable with those of Current Year.

2. Micro and Small Scale business entities

There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as ai 31st March, 2010. This 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.

3. Additional Information pursuant to paragraph 3 and 4 of part II of Schedule VI of The Companies Act 1956.

4. The Company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

5. Contingent liabilities not provided for:

(Rupees in lacs)

As on Mar.31,10 Mar,31, 09

(i) In respect of ted income tax demand not acknowledge by 37.78 37.78 the company

7. As regards deferred tax as per Accounting Standard (AS-22) on "Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India, there is a net deferred tax assets as at year end. Considering the provisions of the AS-22 and as a matter of prudence, the company has not recognized the said deferred tax asset while preparing the accounts for the year under audit.

8. Related Parties Disclosures ( Accounting Standard - 18) 1. Relationships:-

(a) Other related parties where control exists :- (i) Krupa Printers

9. As regards adoption of accounting standard - 28 on "Impairment of Assets issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the never or on the net assets of the company as at year end.


Mar 31, 2009

1. Previous year figures have teen regrouped/rearranged wherever necessary to make them comparable with those of Current Year.

2. Micro and Small Scale business entites

There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as at 31st March, 2009. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determind to the extent such parties have been identified on the basis of information available with the company.

3. The Company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

4. Contingent liabilities not provided for:

(Rupees in lacs) As on Mar.31,09 Mar.31, 08

(i) In respect of disputed income tax demand not acknowledge by 37.78 43.99 the company

5. As regards deferred tax as per Accounting Standard (AS-22) on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, since there is no deferred tax assets or liabilities during the year no provision for the same has been made.

6. Related Parties Disclosures ( Accounting Standard - 18 )

Relationships :-

(a) Other related parties where control exists :- (i) Krupa Printers

7. As regards adoption of accounting standard - 28 on "Impairment of Assets" issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the year or on the net assets of the company as at year end.

 
Subscribe now to get personal finance updates in your inbox!