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Notes to Accounts of Ace Men Engg Works Ltd.

Mar 31, 2015

Not available


Mar 31, 2014

(i) Previous year's figures have been regrouped/ re-arranged wherever necessary.

(ii) The company is listed on Calcutta stock Exchanges.

(iii) There is no contingent liability for the year under review.

(iv) There is no employee eligible for the benefit of gratuity hence no such provision is made.

(v) In the opinion of the Board and to the best of their knowledge and belief the value of realization of current assets in the ordinary course of business will not be less than the amount at which they are stated of business Balance sheet.

(vi) The company has no amount to be paid to micro small and medium Enterprises in according with provisions of micro small & medium Enterprise Development Act, 2006.

(vii) In terms of Accounting standard 20, the calculation of EPS is given below:

(a) Profit/ (Loss) after Taxation;- Rs,1,666.00

(b) Weighted Average number of Equity shares outstanding during the year:- 2,49,850 shares.

(c) Normal value of shares Rs 10/- shares

(d) Basic and Diluted EPS:- (Rs, 0.01

(viii) Accordance with the Accounting standard As-22 "Accounting Taxes on Income issued by the Instate of chartered Accountants of India Deferred Tax Asset is not created as a matter of prudence as there is not reasonably certainly of future profit.

(ix) As per information and explanation provided by the management there are no outstanding dues of SSI under takings are required by schedule VI of the coma pies Act, 1956.


Mar 31, 2013

(i) Previous year's figures have been regrouped/ re-arranged wherever necessary.

(ii) The Company is listed on Calcutta Stock Exchange.

(iii) There is no Contingent Liability for the year under review.

(iv) There is no employee eligible for the benefit of gratuity; hence no such provision is made.

(v) In the opinion of the Board and to the best of their knowledge and belief, the value of realization of current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

(vi) The Company has no amount to be paid to Micro, Small and Medium Enterprises in accordance with provisions of Micro, Small & Medium Enterprises Development Act, 2006.

(vii) In terms of Accounting Standard 20, the calculation of EPS is given below:- (a) Profit/(Loss) after Taxation:- (Rs 555.00)

(b) Weighted Average number of Equity Shares outstanding during the year: - 2,49,850 shares.

(c) Normal value of shares:- Rs 10/ share

(d) Basic and Diluted EPS:- (Rs. 0.00) (viii) Accordance with the Accounting Standard AS-22 "Accounting for

Taxes on Income" issued by the Institute of Chartered Accountants of India, Deferred Tax Asset is not created as a matter of prudence as there is no reasonably certainty of future profit. (ix) As per information and explanation provided by the Management there are no outstanding dues of SSI undertakings as required by Schedule VI of the Companies Act, 1956

 
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