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Notes to Accounts of ACE Edutrend Ltd.

Mar 31, 2014

1. Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

2. Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

3. No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

4. Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this year''s grouping wherever found necessary.


Mar 31, 2012

I) There's no change in any accounting policy during current year

Deferred Tax Liability in respect of Depreciation Rs. 25,74,738

Deferred Tax Assets in respect of Brought Forward

Losses and Tax Credit u/s 115JAA of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions)

Deferred Tax Liability (Net Deferred Tax Assets) Rs. 25,74,738

The earnings considered in ascertaining the Company EPS comprises the net profit after tax and includes the post tax effect of any extra ordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.

(1) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

(2) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

(3) No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

(4) Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this year's grouping wherever found necessary.

(5) Expenditure in Foreign Currency: NIL

Notes forms an integral part of Accounts and have been duly authenticated.


Mar 31, 2011

I) The Company has written off its leasehold assets of Rs. 17,40,008 due to of Obsolescence assets and no residual value is received from it.

ii) Depreciation policy has been changed by the Company due to more appropriate preparation or presentation of the financial statement. Depreciation on fixed assets is provided on Written Down Method instead of Straight Line Method in accordance with Section 205(2) (b) of the Companies Act, 1956, as per the rates specified in Schedule XIV to the Companies Act, 1956.

iii) The earnings considered in ascertatining the Company EPS comprises the net profit after tax and include the post tax effect of any extra ordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.

iv) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

v) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

vi) No provision has been made for gratuity as none of the employees of the company has completed the elegible tenure of the services as per the provisions of the Gratuity Act

vii) Related Party Disclosures:

Key Management Personnel:

- Mr. Sushil Aggarwal Chairman

- Mr. S.K. Das Whole Time Director

- Mr. Chander Prakash Batra Whole Time Director

viii) Corresponding figures of previous year have been regrouped and / or rearranged to confirm with this year’s grouping wherever found necessary.

ix) Expenditure in Foreign Currency : NIL


Mar 31, 2010

(1) SEGMENT INFORMATION

The Company is engaged in the business of production and trading of media, entertainment and books, which constitutes a single business segment, and accordingly, disclosures are not required under AS-17, issued by The Institute of Chartered Accountants of India".

(2) INTANGIBLE ASSETS (under development)

Expenditure incurred during development stages for albums, serial, films and for purchase of Films under production are carried forward under the head Films & Albums.

(3) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

(4) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

(5) No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

(6) Related Party Disclosures: :

Key Management Personnel:

- Mr. Ved Prakash Narula Managing Director

- Mr B. S. Goyal Director

7.Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this years grouping wherever found necessary.

8) Expenditure in Foreign Currency : NIL

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