Mar 31, 2018
(I) Terms/ right attached to Equity Shares
The Company has only one Class of equity shares having par value of Rs.10 per Shares. Each holder of Equity Shares is entitled to one vote per share. In the event of liquidation of the company, the holders of equity share will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
(III) Reduction ofpaid up capitalfrom Rs. 6,51,97,000/to Rs.32,59,850/dividedinto 3,25,985 Equity shares of Rs. 10/each by cancelling 61,93,715 equity shares of Rs. 10/each which is lost or unrepresented by the available assets, vide the order dated 17.06.2016passed by The Honorable High Court of Gujra tat Ahmedabad *Disclosure in relation to Micro and Small enterprises ''Suppliers'' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 (''Act'').
The Ministry of Micro, Small and Medium Enterprises has issued an Office Memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with their customers the Entrepreneurs Memorandum Number as allocated after filing of the said Memorandum. Accordingly, the disclosures above in respect of the amounts payable to such enterprises as at the period end has been made based on information received and available with the Company.
As explained by management there is no outstanding balance related to Micro and Small enterprises ''Suppliers'' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 (''Act'') as at year end
Note No: 1 Earnings per share (EPS)
Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the company by the weighted average number of Equity shares outstanding during the year.
Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the company by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.
The following data reflects the inputs to calculation of basic and diluted EPS.
NOTE NO. : 2 Exemptions applied
Ind AS 101 allows first-time adopters certain exemptions from the retrospective application of certain requirements under Ind AS. The Company has applied the following exemptions:
Since there is no change in the functional currency, the company has elected to continue with the carrying value measured under the previous GAAP and use that carrying values as the deemed cost for property, plant and equipment on the transition date.
Ind AS 101 permits a first time adopter to elect to continue with the carrying value for all of its property, plant and equipment as recognised in the financial statements a as at the date of transition to Ind AS, measured as per previous GAAP and use that as its deemed cost as at the date of transition. Accordingly, the Group has elected to measure all of property, plant and equipment at the previous GAAP carrying value.
Note 3:
Some of the balances of current trade payables are subject to confirmation and reconciliation of any.
Mar 31, 2013
1 Under the Micro Small and Medium Enterprises Development Act ,2006,
certain disclourses are required to be made relating to Micro,Small and
Medium Enterprises. The company is in the process of compling relevant
information from its suppliers about their coverage under the Act .
Since the revelant information is not presently available, no
disclosures have been made in the accounts.
2 The company has suspended manufacturing activities during the
financial year 2003-2004 and there are no intentions to resume the
manufacturing activities. In spite of these facts the accounts have
been prepared on the basis of going concern.
3 Corresponding figures of the previous year have been regrouped or
rearranged to make it comparable with this years`s figure, wherever
necessary.
4 In view of the fact that the company has suspended manufacturing
operations, particulars required to be furnished as per part-III of
Schedule-6 of the Companies Act, 1956 has not been furnished.
5 Tax expense comprises deferred taxes. : Deferred income taxes
reflects the impact of current year timing differences between taxable
income and accounting income for the year and reversal of timing
differences of earlier years. Deferred tax is measured based on the tax
rates and the tax laws enacted or substantively enacted at the balance
sheet date. Deferred tax assets are recognised only to the extent that
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
realised Deferred tax assets are recognised on carry forward of
unabsorbed depreciation and tax losses only if there is virtual
certainty that such deferred tax assets can be realised against future
taxable profits. Unrecognised deferred tax assets of earlier years are
re-assessed and recognised to the extent that it has become reasonably
certain that future taxable incoe will be available against which such
deferred tax assets can be realised
6 A. Provisions :
A provision is recognised when an enterprise has a present obligation
as a result of past events; it is probable that an outflow of resources
will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not discounted to its
present value and are determined based on best estimate required to
settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current best
estimates. Contingent Liability is not recognized in the financial
statements but is disclosed.
Mar 31, 2012
1 Under the Micro Small and Medium Enterprises Development Act, 2006,
certain disclosures are required to be made relating to Micro,Small and
Medium Enterprises. The company is in the process of complying
relevant information from its suppliers about their coverage under the
Act. Since the relevant information is not presently available, no
disclosures have been made in the accounts.
2 The company has suspended manufacturing activities during the
financial year 2003- 2004 and there are no intentions to resume the
manufacturing activities. In spite of these facts the accounts have
been prepared on the basis of going concern.
3 Corresponding figures of the previous year have been regrouped or
rearranged to make it comparable with this years'' figure, wherever
necessary.
4 In view of the fact that the company has suspended manufacturing
operations, particulars required to be furnished as per part-III of
Schedule-6 of the Companies Act, 1956 has not been furnished.
5 The company is not having net deferred tax assets. Deferred tax
assets, which have arisen mainly on account of unabsorbed depreciation
and carried forward losses, have been considered for recognition, as
there is no virtual certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
realized. Therefore, net deferred tax asset has not been recognized in
the accounts of the company.
Mar 31, 2010
1. Under the Micro Small and Medium Enterprises Development Act, 2006,
certain disclosures are required to be made relating to Micro, Small
and Medium Enterprises. The company is in the process of compiling
relevant information from its suppliers about their coverage under the
Act. Since the relevant information is not presently available, no
disclosures have been made in the Accounts
2. The company has suspended manufacturing activities during the
financial year 2003-04 and there are no intentions to resume the
manufacturing activities. In spite of these facts the accounts have
been prepared on the basis of going concern.
3. Corresponding Figures of the previous year have been regrouped or
rearranged to make it comparable with this years figure, wherever
necessary.
4. In view of the fact that the company has suspended manufacturing
operations, particulars required to be furnished as per part -III of
Schedule-6 of the Companies Act, 1956 has not been furnished.
5. The company is having net deferred tax assets. Deferred tax assets,
which have arisen mainly on account of unabsorbed depreciation and
carried forward losses, have not been considered for recognition, as
there is no virtual certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
realized. Therefore, net deferred tax asset has not been recognized in
the accounts of the company.
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