Mar 31, 2014
1. Previous years figures have been re-grouped and re-arranged whenever
necessary.
2. In the opinion of the Board, the Current Assets, loans and Advances
are approximately of the value stated, If realised in the ordinary
course of business. Provision has been made for all known liabilities.
3. Company operates only in one segment, that is Trading, hence
separate segmentwise reporting is not applicable.
4. Relate Party Disclosures (as certified by management)
A. Associate Concerns
Mercury Paints & Varnishes Limited, (MVPL):
Investment in the associated concern Rs. 8,90,266
B. Key Managerial Personnel (KMP): None
There are no transaction with the related party.
5. The Ministry of Corporate Affairs, Govt. of India vide its General
Notification No. S.O. 301 (E) dated 8th Feb 2011 issued u/s 211 (J) of
the Companies Act, 1956 hat exempted certain class of companies from
disclosing Certain information in their Statement of Profit & Loss. The
Co. being an Export Oriented is entitled to the exemption. Accordingly,
Disclosures mandated by paragraphs 3(i)(a), 3(ii)(a), 3(ii)(b) and
3(ii)(d) of Part II of Schedule VI of the Companies Act, 1956 have net
been provided.
Mar 31, 2013
1 Previous year''s figures Have been regrouped and re-arranged wherever
necessary.
2 in the opinion of the Board, the Current Assets, Loans and Advances
are approximately of the value stated, if realised in the ordinary
course of business- Provision has been made for alt known liabilities.
3 Company operates only in one segment, that is Trading, hence
separate segment wise reporting is not applicable.
4 The Ministry of Corporate Affairs, Govt, of India vide Its General
Notification No. S.0.301 (E) dated 8th Feb 2011 issued u/s 211 (3) of
the Companies Act, 1956 has exempted certain class of companies from
disclosing certain information in their Statement of Profit & Loss. The
Co. being an "Export Oriented* Is entitled to the exemption.
Accordingly, Disclosures mandated by paragraphs 3(l)(a), 3{Ii)(a),
3(ii)(i) and 3(Ii){d) of Part II of Schedule VI of the Companies Act,
1956 tease not been provided.
Mar 31, 2012
1) The company has not received Information from vendors regarding
their status under the Micro, Medium Development Act. 2006
and hence disclosure relating to amount unpaid as a end together with
interest paved/payable under (his act have not been given.
2) Previous year''s figures have been re grouped and re-arranged
wherever necessary.
3) In the opinion of the Board, the Current Assets, Loans and Advances
are approximately of the value stated, If realized In
course of business. Provision has been mode for all known (liabilities.
4) Company operates only in one segment, that is Trading, hence
separate segment wise reporting Is not applicable.
5) Net foreign difference Is debited to Profit & Loss Statement
amounting to Rs 37,219/ ( previous year Credited Rs 89.237/-).
6) The Ministry of Corporate Affairs, Govt, of India vide 111 General
Notification Mo. S. 0.301 (E) dated 6th Fob 2011
Issued u/s 211(3) of the Companies Act,1956 has exempted certain days
of companies from disclosing certain information in their Statement of
Profit & Loss. The Co. being an "Export Oriented is entitled to the
exemption. Disclosure Act. 19S6 haw not been provided.
Mar 31, 2010
1) Contingent Liability: Disputed tax liability not provided for Rs
53304/- (Previous year: Rs 53304/-)
2) Previous years figures have been re-grouped and re-arranged wherever
necessary.
3) In the opinion of the Board, the Current Assets, Loans and Advances
are approximately of the value stated, if realised in the ordinary
course of business. Provision has been made for all known liabilities.
4) Company operates only in one segment, that is Trading, hence
separate segmenrwise reporting is not applicable.
5) Related Party Disclosures (as certified by management) a) Associate
Concerns
1. Mercury Paints & Varnishes Investment in the associated concern
Rs.8,90,266 Limited. (MVPL)
2. AUanasons Limited.
- Opening balance as on 01.04.09 Rs Nil/- (Previous year Rs -
20,83,337/-)
Loan taken during the year Rs Nil (Previous year Rs Nil/-)
- Loan repaid during the year Rs Nil/- (Previous year Rs 20,83337/-)
- Closing balance as on 31.03.10 Rs Nil (Previous year Rs -Nil/-)
- Interest paid Rs Nil/- (Previous year Rs 54,707)
- Loan given during the year Rs Nil (Previous year Rs Nil/-)
- Loan received back during the year Rs Nil (Previous year Rs Nil/-)
- Closing balance as on 31.03.10 Rs Nil/- (Previous year Rs - Nil/ -)
- Interest received Rs Nil (Previous year Rs Nil/ -)
b) Key Managerial Personnel
Mr.K C Mehta.
No Remuneration is paid to the Key Managerial Personnel.
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