Mar 31, 2014
1. EARNING PER SHARE:
Basic Earnings Per Share (EPS) is computed by dividing the net profit for the year attributable to the equity shareholders, by weighted average number of equity shares outstanding during the year. Numbers used for calculating basic and diluted earnings per share are as stated below:
2. RELATED PARTIES DISCLOSURE -
As per Accounting Standard -18 issued by the Institute of Chartered Accountants of India the related parties transactions are disclosed as under:-
A Name of Related Parties:- ( as Certified by Management)
a) Enterprises where control exists Holding Company:
-Transparent Shares and Securities Private Limited applicable only up to 13th August 2013
b) Subsidiary Company:
- Advantage Commodities Pvt. Ltd. applicable from 13th August 2013 Key Management Personnel
Mr. Anandrao Gole Managing Director- From 13th August, 2013
Mr. Jairaj Bafna Director- From 16th July, 2013
Mr. Suresh Kulkarni Director- From 16th July, 2013
Mr. Mani Ananthanarayan Director- From 16th July, 2013
Mr. Satish Bokdia Director- From 30th September, 2013
Mr. Ankur Choksi Director- upto 22nd July, 2013
Mr. Krishnakant Choksi Director- upto 16th July, 2013
Mrs. Raksha Choksi Director- upto 16th July, 2013
Mrs. Neepa Choksi Director- upto 22nd July, 2013
3.1 In the opinion of the Board current assets, Loans and Advances are approximately of the values based if realized in ordinary course of business.
3.2 Sundry Debtors, Sundry Creditors, Loans & deposits, Bank Balances are subject to confirmation.
3.3 The Schedules referred to above are an integral part of Balance Sheet.