Mar 31, 2015
Note 1:
Related Party Transactions
a) Related Parties and their Relationship:
Name of Related Party Relationship
Tikmani Corporation Associate Concern
Rajendra Enterprise Associate Concern
Rishi Tikmani Key Management Personnel
Rajendra Tikmani Key Management Personnel
Pooja Tikmani Key Management Personnel
Vimlaji Tikmani Relative of Key Mgt.Personnel
Anuja Tikmani Relative of Key Mgt.Personnel
Note 2:
Contingent Liabilities
Particulars Year ended Year ended
31.03.2015 31.03.2014
Demand of Income
Tax Raised by
the authorities 904,509 904,509
disputed and not
acknowledged as due
Total 904,509 904,509
Note 3:
Segment Reporting :
Since the company has only one segment, there is no separate reportable
segment as required in AS-17 issued by the ICAI.
Note 4:
The company had not received any intimation from suppliers
regarding their status under the Micro, Small & Medium Enterprise Act,
2006, and hence disclosures, if any, relating to amounts unpaid as the
year end together with interest paid of payable as required under said
Act, have not been given.
Note 5:
In the opinion of the Board, the Current Assets, Loans and
Advances are approximately of the value stated, if realized, in the
ordinary course of business. Provision for all known liabilities is
adequate and not in excess of the amount reasonably necessary.
Note 6:
Previous year figures have been regrouped/reclassified to confirm
with current year disclosures.
Mar 31, 2014
1. All secured loans are secured by hypothecation of all present and
future goods, book debts and other movable assets and equitable
mortgage of immovable properties & personal guarantee of promoter
Directors.
2. Segment Reporting :
Since the company has only one segment, there is no separate reportable
segment as required in AS-17 issued by the ICAI.
3. The company had not received any intimation from suppliers
regarding their status under the Micro, Small & Medium Enterprise Act,
2006, and hence disclosures, if any, relating to amounts unpaid as the
year end together with interest paid of payable as required under said
Act, have not been given.
4. In the opinion of the Board, the Current Assets, Loans and Advances
are approximately of the value stated, if realized, in the ordinary
course of business. Provision for all known liabilities is adequate and
not in excess of the amount reasonably necessary.
5. Contingent Liabilities:
There is no contingent liability as informed by the Management.
6. Previous year figures have been regrouped/reclassified to confirm
with current year disclosures.
Mar 31, 2013
1. Segment Reporting :
Since the company has only one segment, there is no separate reportable
segment as required in AS-17 issued by the ICAI.
2. The company had not received any intimation from suppliers
regarding their status under the Micro, Small & Medium Enterprise Act,
2006, and hence disclosures, if any, relating to amounts unpaid as the
year end together with interest paid of payable as required under said
Act, have not been given.
3. In the opinion of the Board, the Current Assets, Loans and
Advances are approximately of the value stated, if realized, in the
ordinary course of business. Provision for all known liabilities is
adequate and not in excess of the amount reasonably necessary.
4. Contingent Liabilities:
There is no contingent liability as informed by the Management.
5. The Company is yet to appoint a qualified Company Secretary as
required by Section 383A of the Companies'' Act, 1956. Pending the
appointment of a qualified Company Secretary the services of practicing
Company Secretary are being availed for due compliance of the Law.
6. Previous year figures have been regrouped/reclassified to confirm
with current year disclosures.
Mar 31, 2012
1. Segment Reporting :
Since the company has only one segment, there is no separate reportable
segment as required in AS-17 issued by the ICAI.
2. Since the business of the company is by way of Food and Beverages,
the quantity wise details of purchase, consumption, turnover, stock
etc. are not furnished as the items are so large in number that it is
not practicable to present.
3. The company had not received any intimation from suppliers
regarding their status under the Micro, Small & Medium Enterprise Act,
2006; and hence disclosures, if any, relating to amounts unpaid as
the' year end together with interest paid of payable as required under
said Act, have not been given.
4. In the opinion of the Board, the Current Assets, Loans and
Advances are approximately of the value stated, if realized, in the
ordinary course of business. Provision for all known liabilities is
adequate and not in excess of the amount reasonably necessary.
5. Contingent Liabilities:
There is no contingent liability as informed by the Management.
6. The Company is yet to appoint a qualified Company Secretary as
required by Section 383A of the Companies' Act, 1956. Pending the
appointment of a qualified Company Secretary the services of practicing
Company Secretary are being availed for due compliance of the Law.
7. As notified by Ministry of Corporate Affairs, Revised Schedule VI
under the Companies Act, 1956 is applicable to the financial Statement
for the financial year commencing on or after 1st April,2011.
Accordingly, the financial statement for the year ended 31st March 2012
is prepared in accordance with the revised schedule VI. The amount and
disclosures included in the financial statement of the previous year
have been reclassified to conform to the requirement - of revised
schedule VI.
Mar 31, 2011
1. Share Capital:
40,000 Redeemable Preference Shares issued by the Company have been
redeemed in accordance with Provisions of Section 80 / 80A of the
Companies' Act, 1956 during the year. Balance redeemable preference
shares can be redeemed at any time before 29.08.2013.
2. Unsecured Loans:
The Company has to maintain the unsecured loans in terms of
stipulations of State Bank of India which granted loans to the company.
3. Segment Reporting:
The Company is operating in single segment of Manufacturing Laminated
Sheets in single geographical segment of India.
4. Contingent Liabilities:
There is no contingent liability as informed by the Management.
5. The company had not received any intimation from "suppliers"
regarding their status under the Micro, Small & Medium Enterprise Act,
2006, and hence disclosures, if any, relating to amounts unpaid as at
the year end together with interest paid or payable as required under
said act, have not been given.
6. The Company is yet to appoint a qualified Company Secretary as
required by Section 383A of the Companies' Act, 1956. Pending the
appointment of a qualified Company Secretary the services of practicing
Company Secretary are being availed for due compliance of the law.
7. In the opinion of the Management, the Current Assets, Loans and
Advances are approximately of the value stated, if realized in the
ordinary course of business.
8. Previous year's figures have been regrouped and/or rearranged
wherever necessary.
9. Additional information pursuant to the provision of Part II of
schedule VI of the Company Act ,1956
Mar 31, 2010
1. Share Capital:
65,000 Redeemable Preference Shares issued by the Company have been
redeemed in accordance with Provisions of Section 80 / 80A of the
Companies Act, 1956 during the year. Balance redeemable preference
shares can be redeemed at any time before 29.08.2013.
2. Unsecured Loans:
The Company has to maintain the unsecured loans in terms of
stipulations of State Bank of India which granted loans to the Company.
3. Segment Reporting:
The Company is operating in single segment of Manufacturing Laminated
Sheets in single geographical segment of India.
4. Contingent Liabilities:
There is no contingent liability as informed by the Management.
5. The company had not received any intimation from "suppliers"
regarding their status under the Micro, Small & Medium Enterprise Act,
2006, and hence disclosures, if any, relating to amounts unpaid as at
the year end together with interest paid or payable as required under
said act, have not been given.
6. Deferred Tax
As per Accounting Standard - 22 on Accounting for taxes on income
issued by the Institute of Chartered Accountants of India, the company
has accounted for deferred tax during the year.
7. Related Party Disclosures :
(A) Related Parties and Their Relationship (a) Associate Parties
i. Amrut Goyal Developers Pvt.Ltd.
ii. Chow Chpon Alfa Ltd.
iii. Tikmani Corporation
iv. Rajendra Enterprise
(b) Key Management Personnel
i. Rishi Tikmani ii. Rajendra Tikmani
(c) Relatives of Key Management Personnel
: i. Pooja Tikmani ii. Vimla Tikmani iii. Rajendra Tikmani (HUF)
8. The Company is yet to appoint a qualified Company Secretary as
required by Section 383A of the Companies Act, 1956. Pending the
appointment of a qualified Company Secretary the services of practicing
Company Secretary are being availed for due compliance of the law.
In the opinion of the Management, the Current Assets, Loans and
Advances are approximately of the value stated, if realised in the
ordinary course of business.
9. Previous years figures have been regrouped and/or rearranged
wherever necessary.
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