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Notes to Accounts of Allied Herbals Ltd.

Mar 31, 2015

1) (i) Corporate Information

ALLIED HERBALS LIMITED (formerly known as Rajdhani Leasing & Industries Ltd.) is a BSE listed company incorporated on 08th November, 1985 vide CIN- L65921DL1985PLC022476 with the Registrar of Companies, NCT of Delhi & Haryana, under the provision of Companies Act, 1956. Main business activity of the company is yet to commence due to non- availability of suitable business plan.

2) NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2015

a) In the opinion of the board, the current assets, loans and Advances and other receivables are approximately of the value stated, if realized in the ordinary course of business.

b) Provision for all known liabilities is adequate and not in the excess of the amount considered reasonably necessary. However in case where actual bills are not received, the provision has been made on estimated basis.

c) Payments to Auditors

As Auditors Rs. 28,090/- (Previous year Rs. 28,090/-) As Adviser Rs. Nil (Previous year Rs. Nil)

d) No any Sitting Fees for the current year as well as Previous year has been paid to the directors.

e) No provision has been made for gratuity for this year as the provisions of Gratuity are not applicable to this company, as no such employee employed during the year.

f) Balances in respect of Long Term Borrowings, Other Non Current Liabilities and Long term Loans and Advances are subject to confirmation, reconciliation and adjustments if any, which in the opinion of management will not be significant and would be carried out when settled.

g) i) The Small Scale Industrial Undertaking to whom amount outstanding for more than 30 days, are Nil.

ii) The company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium enterprises Development Act, 2006) calming their status as micro, small and medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

* Due to change of management during the previous financial years; the current status of the demand of Rs.85,349/- raised by way of penalty order u/s 271(1)(c) of the Income Tax Act,1961 is not available with the company.

h) Previous year's figures have been regrouped/ re-arranged wherever necessary to confirm to the current year's groupings/classifications.

i) During the year, there has not been any timing difference that originates in one period and capable of reversal in one or more subsequent period, therefore no any Deferred Tax Assets/ Liabilities has been recognized in the financial statements of the company.

3 (a) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. If the company declares and pays dividends then it will be in Indian rupees. In the event of liquidation of the company, the holders of equity shares 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.


Mar 31, 2014

1) (i) Corporate Information

ALLIED HERBALS LIMITED (formerly known as Rajdhani Leasing & Industries Ltd.) is a BSE listed company incorporated on 08th November, 1985 vide CIN- L65921DL1985PLC022476 with the Registrar of Companies, NCT of Delhi & Haryana, under the provision of Companies Act, 1956. Main business activity of the company is yet to commence due to non- availability of suitable business plan.

a) In the opinion of the board, the current assets, loans and Advances and other receivables are approximately of the value stated, if realised in the ordinary course of business.

b) Provision for all known liabilities is adequate and not in the excess of the amount considered reasonably necessary. However in case where actual bills are not received, the provision has been made on estimated basis.

c) Payments to Auditors

i As Auditors Rs. 28,090/- (Previous year Rs. 28,090/-)

As Adviser Rs. Nil (PreviousyearRs.Nil)

d) Sitting Fees of Rs.NIL (Previous year Rs.20,000/-) has been paid to the directors.

e) No provision has been made for gratuity for this year as the provisions of Gratuity are not applicable to this company, as no such employee employed during the year.

h) Some of the balances in Current Liabilities and Advances are subject to confirmation, reconciliation and adjustments if any, which in the opinion of management will not be significant and would be carried out when settled.

i) i) The Small Scale Industrial Undertaking to whom amount outstanding for more than 30 days, are Nil.

ii) The company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium enterprises Development Act, 2006) claming their status as micro, small and medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

k) Related Party Disclosures:

i) List of related parties with whom transactions have taken place and relationship:

S. No. Name of Related Party Relationship

1. Shri Sanjay Jain Key Management Personnel and their relatives

2. Shri Rajiv Jain

l) Contingent Liabilities: Claims against the company not acknowledged as debts: Company has following disputed dues of income tax which has not been acknowledged by the company as its liability in its financial Statements:

A.Y. Nature of Dues OrderPassed By Amount (Rs.) Disputed Authority

2007-08 Income Tax Dy. Commissioner of 85,349/- No Details Penalty u/s Income Tax, available* 271(lXc) Central Circle- 9, New Delhi

2009-10 "income Tax Dy Commissioner of 1,24,01,610/- Before Hdn ble Demand Income Tax, ITAT, Delhi Central Circle- 9, New Delhi

* Due to change of management during the previous financial years; the current status of the demand of Rs.85,349/- raised by way of penalty order u/s 271 (1 )(c) of the Income Tax Act, 1961 is not available with the company.

m) Previous year''s figures have been regrouped/ re-arranged wherever necessary to confirm to the current year''s groupings/classifications.

n) During the year, there has not been any timing difference that originates in one period and capable of reversal in one or more subsequent period, therefore no any Deferred Tax Assets/ Liabilities has been recognised in the financial statements of the company.

3 (d) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. If the company declares and pays dividends then it will be in Indian rupees. In the event of liquidation of the company, the holders of equity shares 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.

12) Notes on accounts from '' 1'' to ''12'' form an integral part of Balance Sheet and Statement of Profit & Loss.


Mar 31, 2013

1) (i) Corporate Information

ALLIED HERBALS LIMITED (formerly known as Rajdhani Leasing & Industries Ltd.) is a BSE listed company incorporated on 08th November, 1985 vide CIN- L65921DL1985PLC022476 with the Registrar of Companies, NCT of Delhi & Haryana, under the provision of Companies Act, 1956. Main business activity of the company is yet to commence due to non- availability of suitable business plan.

a) In the opinion of the board, the current assets, loans and Advances and other receivables are approximately of the value stated, if realised in the ordinary course of business.

b) Provision for all known liabilities is adequate and not in the excess of the amount considered reasonably necessary. However in case where actual bills are not received, the provision has been made on estimated basis.

c) Payments to Auditors As Auditors Rs. 28,090/- (Previous year Rs. 27,575/-) As Adviser Rs. Nil (Previous year Rs. Nil)

d) Sitting Fees of Rs.20,000/- (Previous year 1,00,000)/-has been paid to the directors.

e) No provision has been made for gratuity for this year as the provisions of Gratuity are not applicable to this company, amount being unascertained for the year.

h) Some of the balances in Current Liabilities and Advances are subject to confirmation, reconciliation and adjustments if any, which in the opinion of management will not be significant and would be carried out when settled.

i) i) The Small Scale Industrial Undertaking to whom amount outstanding for more than 30 days, are Nil.

ii) The company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium enterprises Development Act, 2006) claming their status as micro, small and medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

j) Previous year’s figures have been regrouped/ re-arranged wherever necessary to confirm to the current year’s groupings/classifications.

k) During the year, there has not been any timing difference that originates in one period and capable of reversal in one or more subsequent period, therefore no any Deferred Tax Assets/ Liabilities has been recognised in the financial statements of the company.

3 (d) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. If the company declares and pays dividends then it will be in Indian rupees. In the event of liquidation of the company, the holders of equity shares 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.

2) Notes on accounts from ‘1’ to ‘13’ form an integral part of Balance Sheet and Statement of Profit & Loss.


Mar 31, 2012

1. CONTINGENT LIABILITIES:

The Company recognises a provision when there is a present obligation as a result of a past event and it is more likely than not that there will be an outflow of resources to settle such obligation and the amount of such obligation can be reliably estimated. Provisions are determined on the basis of management's best estimate of the amount of obligation required at the year end. These arc to be reviewed at each balance sheet date and to be adjusted to best estimates.

Contingent Liabilities are usually not provided for unless the future outcome may probably be materially detrimental to the Company.

A) In the opinion of the board, the current assets, loans and Advances and other receivables are approximately value stated, if realised in the ordinary course of business.

B) Provision for all known liabilities is adequate and not in the excess of the amount considered reasonably necessary. However in case where actual bills are not received, the provision has been made on estimated basis.

C) Payments to Auditors

As Auditors Rs. 27,575/-(Previous year Rs. 27,575/-)

As Adviser Rs. Nil (Previous year Rs, Nil)

D) Sitting Fees of Rs. 1.00,000/- (Previous year Rs. 40,000/-) has been paid to the directors.

E) No provision has been made for gratuity for this year as the provisions of Gratuity are not applicable to this company, amount being unascertained for the year.

F) Some of the balances in Current Liabilities and Advances are subject to confirmation, reconciliation and adjustments if any, which in the opinion of management will not be significant and would be carried out when settled.

G) i) The Small Scale Industrial Undertaking to whom amount outstanding for more than 30 days, are Nil.

ii) The company has not received any memorandum (as required to be filed by the suppliers with the notitied authority under the Micro, Small and Medium enterprises Development Act, 2006) claming their status as micro, small and medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

Note: Figures in bracket represents the previous year figures.

H) Previous year figures have been regrouped/ re-arranged wherever necessary to confirm 10 the current year's groupings/classifications.

I) Bank Balance is as per the statement provided by the bank. However, In the Previous Year, the current bank-account having opening balance of Rs. 1,29,092/- which could not have been confirmed as no Bank Statement was made available for confirmation during the Previous year. So the same was pending for confirmation from the bank.

J) Additional information pursuant to the provisions of Para 3,4C and 4D of part II of Schedule VI to the Companies Act. 1956 has not been given as the same is nil.

K) All the Debit and Credit Balances are subject to confirmation.

1 (d) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. If the company declares and pays dividends then it will be in Indian rupees. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, alter distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

 
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