Mar 31, 2015
1. Basis of Preparation
These financial statements are prepared in accordance with Indian
Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis except for certain financial
instruments which are measured at fair values. GAAP comprises mandatory
accounting standards as prescribed by the Companies (Accounting
Standards) Rules, 2006, the provisions of the Companies Act, 2013 and
guidelines issued by the Securities and Exchange Board of India (SEBI).
Accounting policies have been consistently applied except where a newly
issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy
hitherto in use.
2. Terms / Rights Attached to Shares
Equity Shares
The Company has only one class of Equity shares having a par value of
10/-. Each holder of equity shares is entitled to one vote per share.
The Company declares and pays dividends in Indian rupees if any.
During the Year Ended 31st March 2015 the amount per share dividend
recognized as distributions to equity shareholders was Rs. NIL( For
31sr March 2014 was Rs NIL)
In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive any of the 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.
3. RELATED PARTY DISCLOSURE
a Names of Related Parties and Related Party Relationship
Name of Related Party Relation
Hemant Sharma Key Managerial Person
Aditi Mittal Director (w.e.f 11.02.2015)
Arpit Mittal Realtive of Director (w.e.f 11.02.2015)
Mardulla Mittal Realtive of Director (w.e.f 11.02.2015)
Saket Securities & Company where Director having significant
Investment Pvt.Ltd. influence (w.e.f 11.02.2015)
Vishal Realmart Pvt. Company where Director having significant
Ltd. influence (w.e.f 11.02.2015)
4. LEASES
The Company has not accquired any assets either on Finance, lease or
under operating lease on which "AS-19 - Lease" issued by the Institute
of Chartered Accountatns of India are applicable.
5. EMPLOYEE BENEFIT
No Provision for Graturity and Leave Encashment as required by AS-15
has been made as the required eligible number of employee with the
company are below then required by the relevant acts, hence no
disclosure was required to be made.
6. CONTINGENT LIABILITY / COMMITMENTS
Particualrs
Contingent Laibilites 0 0
Commitments
Estimated Amount of Capital Contracts 0 0
Pending to be executed
Estimated Amount of Revenue Contracts 0 0
Pending to be executed
7. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value which are stated in the Balance Sheet if
realized in the ordinary course of business.
8. PREVIOUS YEAR FIGURES
Previous Year Figures have been reclassified / regrouped whereever
found necesarry
Mar 31, 2014
1 SEGMENT REPORTING
a Identification of Segments
The Operation of Company relates to Only one business segment of
carrying Investments and Trading of Shares and Advances, hence no
separate information is required to be given.
2 LEASES
The Company has not accquired any assets either on Finance, lease or
under operating lease on which "AS-19 - Lease" issued by the Institute
of Chartered Accountatns of India are applicable.
3 EMPLOYEE BENEFIT
No Provision for Graturity and Leave Encashment as required by AS-15
has been made as the required eligible number of employee with the
company are below then required by the relevant acts, hence no
disclosure was required to be made.
4 DISCLOSURE UNDER MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT
LIMITED
There are no transactions done by the company with Micro Small and
Medium Enterprises
5 CONTINGENT LIABILITY / COMMITMENTS
Particualrs 31.03.2014 31.03.2013
Contingent Laibilites 0 0
Commitments
Estimated Amount of Capital Contracts Pending
to be executed 0 0
Estimated Amount of Revenue Contracts Pending
to be executed 0 0
6 In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value which are stated in the Balance Sheet if
realized in the ordinary course of business.
7 PREVIOUS YEAR FIGURES
Previous Year Figures have been reclassified / regrouped whereever
found necesarry
Mar 31, 2013
Basis of Preparation
These financial statements are prepared in accordance with Indian
Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis except for certain financial
instruments which are measured at fair values. GAAP comprises mandatory
accounting standards as prescribed by the Companies (Accounting
Standards) Rules, 2006, the provisions of the Companies Act, 1956 and
guidelines issued by the Securities and exchange board of India (SEBI).
Accounting policies have been consistently applied except where a newly
issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy
hitherto in use.
1. LEASES
The Company has not accquired any assets either on Finance, lease or
under operating lease on which "AS-19-Lease" issued by the Institute of
Chartered Accountants of India are applicable.
2. EMPLOYEE BENEFIT
No Provision for Graturity and Leave Encashment as required by AS-15
has been made as the required eligible number of employee with the
Company are below then required by the relevant acts, hence no
disclosure was required to be made.
3. DISCLOSURE UNDER MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT
LIMITED
There are no transactions done by the company with Micro Small and
Medium Enterprises
31.03.2013 31.03.2012
4. CONTINGENT LIABILITY / COMMITMENTS
Particulars
Contingent Liabilities 0 0
Commitments
Estimated Amount of Capital Contracts Pending
to be executed 0 0
Estimated Amount of Revenue Contracts Pending
to be executed 0 0
5. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value which are stated in the Balance Sheet if
realized in the ordinary course of business.
6. PREVIOUS YEAR FIGURES
Previous Year Figures have been reclassified / regrouped whereever
found necessary.
Mar 31, 2012
Basis of Preparation
These financial statements are prepared in accordance with Indian
Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis except for certain financial
instruments which are measured at fair values. GAAP comprises mandatory
accounting standards as prescribed by the Companies (Accounting
Standards) Rules, 2006, the provisions of the Companies Act, 1956 and
guidelines issued by the Securities and exchange board of Indian
(SEBI). Accounting policies have been consistently applied except where
a newly issued accounting standard is initially adopted or a revision
to an existing accounting standard requires a change in the accounting
policy hitherto in use.
a. Terms / Rights Attached to Shares
i. Equity Shares
The Company has only one class of Equity shares having a par value of
10/ Each holder of equity shares is entitled to one vote per share.
The Company declares and pays dividends in Indian rupees if any.
During the Year Ended 31st March 2012 the amount per share dividend
recognized as distributions to equity shareholders was Rs. NIL (For
31st March 2011 was Rs. NIL)
In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive any of the 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.
b. As there is no Holding Company, details of Shares held by holding /
ultimate holding and or their subsidiaries / associates is not
applicable.
c. There are no Shares reserved for issue under options / Contracts /
Commitments.
d. No Shares were Issued other than by Cash / Issued by way of Bonus /
Brought Back in immediately preceding Five Years.
e. There are no Securities Issued by the Company which will be
converting into Shares.
f. There are no Calls Unpaid on any class of shares.
1 LONG TERM LOANS & ADVANCES
b. No Loans & Advances have been given to the Director / Officers of
the Company.
2. SEGMENT REPORTING
a. Identification of Segments
The Operation of Company relates to Only one business segment of
carrying Investments and Trading of Shares and Advances, hence no
separate information is required to be given.
3. LEASES
The Company has not accquired any assets either on Finance, lease or
under operating lease on which "AS-19-Lease" issued by the Institute of
Chartered Accountants of India are applicable.
4. EMPLOYEE BENEFIT
No Provision for Graturity and Leave Encashment as required by AS-15
has been made as the required eligible number of employee with the
Company are below then required by the relevant acts, hence no
disclosure was required to be made.
5. DISCLOSURE UNDER MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT
LIMITED
There are no transactions done by the company with Micro Small and
Medium Enterprises
6. CONTINGENT LIABILITY / COMMITMENTS
Particulars
Contingent Liabilities 0 0
Commitments
Estimated Amount of Capital Contracts
Pending to be executed 0 0
Estimated Amount of Revenue Contracts
Pending to be executed 0 0
7. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value which are stated in the Balance Sheet if
realized in the ordinary course of business.
8. PREVIOUS YEAR FIGURES
Till the Year End 31-03-2011 the company was using old schedule VI of
the Companies Act 1956, for the preparation and presentation of its
Financial Statements. During the year ended 31-03-2012, the Revised
Schedule VI notified under the Companies Act 1956, has became
applicable to the Company. The Company has reclassified and regrouped
the Previous Year Figures to confirm the current classification.
Mar 31, 2011
1. In the opinion of Board, Current Assets, Loans and advances are
approximately of the value which are stated in the balance sheet if
realizes in the ordinary course of business.
2. There are no Contingent Liabilities. (Previous year Nil)
3. The company has' not acquired any assets either on finance, lease or
under operating lease on which "AS 19 -Lease" issued by the Institute
of Chartered Accountants of India are applicable.
4. Pursuant to introduction of AS 22 - "Accounting for taxes on income"
issued by the institute of Chartered Accountants of India, the deferred
tax liabilities is worked out as under:
5. No provision for Gratuity and Leave encashment as required by
AS-15 has been made as the required eligible number of employee with
the company are below then required by the relevant acts hence no
disclosure was required to be made.
6. The operation of the. company relates to only one business segment
of carrying investment & * trading of shares and advances, hence no
separate information is required to be given.
Mar 31, 2010
1. In the opinion of the Board, the Current Assets, Loans and advances
are approximately of the value which are stated in the balance sheet if
realizes in the ordinary course of business.
2. There are no Contingent Liabilities. (Previous year Nil)
3. The company has not acquired any assets either on finance, lease or
under operating tease" on which "AS19 -Lease" issued by the Institute
of Chartered Accountants of India are applicable.
4. No provision for Gratuity and Leave encashment as required by AS-15
has been made as the required eligible number of employee with the
company are below then reauired by the relevant acts, hence no
discloser was required to be made.
5. The operation of the company relates to only one business segment
of carrying investment & trading of shares and advances, hence no
separate information is required to be given.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article