Mar 31, 2015
1. Corporate Information :
The Company was registered as private limited company in the name of
Ankush Finstock Private Limited on 04th August, 1993 and was converted
in to Ankush Finstock Limited on 04th April,1995. The main business of
the company is investment & trading in securities. Ankush Finstock
Limited strives to strengthen the business base and search new areas
for sustainable growth of company with the use of modern technology &
management practices.
2. Basis of preparation :
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the accounting standards notified
under the Companies ( Accounting Standards ) Rules, 2006, (as amended )
and the relevant provisions of the Companies Act, 2013. The financial
statements have been prepared on an accrual basis and under the
historical cost convention.
The accounting policies adopted in the preparation of financial
statements are consistent with those of previous year, except for the
change in accounting policy explained below:
NOTE - 3 - RELATED PARTY DISCLOSURE :
* Related Parties with whom transactions have taken place during the
year :
Bharat M shah
Sahil Shah
NOTE - 4 - DUES TO MICRO AND AND SMALL ENTERPRISES AS DEFINED UNDER
THE MSMED ACT 2006
As informed to us, there are no dues to Micro & Small Enterprises as
defined under the MSMED Act, 2006
Mar 31, 2014
1. Corporate Information :
The Company was registered as private limited company in the name of
Ankush Finstock Pvt Limited on 04th August, 1993 and was converted in
to Ankush Finstock Limited on 04th April, 1995. The main business of
the company is investment & trading in securities. Ankush Finstock
Limited strives to strengthen the business base and search new areas
for sustainable growth of company with the use of modern technology &
management practices.
2. Basis of preparation :
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the accounting standards notified
under the Companies ( Accounting Standards ) Rules, 2006, (as amended )
and the relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on an accrual basis and under the
historical cost convention.
3. The company has only 1 class of shares referred to as Equity shares
having face value of Rs. 10 /- Each holder of Equity share is entitled
to 1 vote per share.
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. However, no
such preferential amounts exists currently. The distribution will be in
proportion to the number of shares held by the shareholders.
NOTE - 4 - DUES TO MICRO AND AND SMALL ENTERPRISES AS DEFINED UNDER THE
MSMED ACT , 2006
As informed to us, there are no dues to Micro & Small Enterprises as
defined under the MSMED Act, 2006
Mar 31, 2013
1. Corporate Information
The Company was registered as private limited company in the name of
Ankush Finstock Private Limited on 04th August, 1993 and was converted
in to Ankush Finstock Limited on 04th April, 1995. The main business
of the company is investment & trading in securities. Ankush Finstock
Limited strives to strengthen the business base and search new areas
for sustainable growth of company with the use of modern technology &
management practices.
2. Basis of preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these finan- cial statements to
comply in all material respects with the accounting standards notified
under the Companies ( Accounting Standards ) Rules, 2006, (as amended )
and the relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on an accrual basis and under the
historical cost convention.
The accounting policies adopted in the prepara- tion of financial
statements are consistent with those of previous year, except for the
change in accounting policy explained below:
Mar 31, 2012
1. Corporate Information
The Company was registered as private limited company in the name of
Ankush Finstock Pvt. Ltd. on 4th August, 1993 and was converted into
public limited and name changed to Ankush Finstock Limited on 4th
April, 1995. The main business of the company is investment & trading
in securities. Ankush Finstock Limited strives to strengthen the
business base and search new areas for sustainable growth of company
with the use of modern technology & management practices.
2. Basis of preparation
The financial statements of the company have Iven prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the accounting standards notified
under the Companies ( Accounting Standards ) Rules, 2006, (as amended )
and the relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on an accrual basis and under the
historical cost convention.
The accounting policies adopted in the preparation of financial
statements are consistent with those of previous year, except for the
change in accounting policy explained below:
Mar 31, 2011
1. (a) Dues to small scale Industrial Undertaking is disclosed based
on the information available with the company regarding the status of
the suppliers as defined under the" Interest on Delayed Payments to
small Scale & Ancillary Industrial Act, 1993."
(b) There are no dues to any party over Rs. 1 lakh outstanding for more
than thirty days.
(c) Unpaid interest as on 31st March, 2011 Rs. Nil ( previous year Rs.
Nil )
2. Contingent liabilities not provided for the year (Previous Year
Rs.Nil)
3. The maximum amount due from the Directors is Rs.Nil (Previous year
Rs. Nil )
4 Provision of clause 4D of part II of schedule VI of the Companies
Act, 1956, regarding value of imports expenditure incurred in Foreign
Currency, amount of remittance in Foreign currency on accounts of
dividends, export earning etc, are not given as all information
required in the Clauses are Nil. (Previous year Nil.)
5 In the opinion of the Board, the Current Assets, Loans and Advances
although unsecured considered good have the value at which they are
stated in the Balance Sheet if realized in the ordinary course of
business.
6. Figures in the Balance Sheet have been regrouped and rearranged
wherever necessary.
7. Other particulars required to be disclosed as per the provision of
paragraph 3 & 4 of part II of Schedule VI of the Companies Act 1956 are
not applicable to the company for the current year.
8. For the Current Year on review, as required by the Accounting
Standard 28, Impairment of Fixed Assets, the management is of the
opinion that no impairment or reversal of loss is required.
9. The statement of Significant Accounting Policies and the Notes
numbered 2 to 14 above form an integral part of the accounts for the
year ended 31st March 2011
Mar 31, 2010
1. (a) Dues to small scale Industrial Undertaking is disclosed based
on the information available with the company regarding the status of
the suppliers as defined under the " Interest on Delayed Payments to
small Scale & Ancillary Industrial Act, 1993."
(b) There are no dues to any party over Rs. 1 lakh outstanding for more
than thirty days.
(c) Unpaid interest as on 31st March, 2010 Rs. Nil ( previous year Rs.
Nil )
2. Contingent liabilities not provided for the year (Previous Year
Rs.Nil)
3. The maximum amount due from the Directors is Rs.Nil (Previous year
Rs. Nil )
4. In view of the loss the provision for taxation is not made.
5 Provision of clause 4D of part II of schedule VI of the Companies
Act, 1956, regarding value of imports expenditure incurred in Foreign
Currency, amount of remittance in Foreign currency on accounts of
dividends, export earning etc, are not given as all information
required in the Clauses are Nil. (Previous year Nil.)
6. In the opinion of the Board, the Current Assets, Loans and Advances
although unsecured considered good have the value at which they are
stated in the Balance Sheet if realized in the ordinary course of
business.
7. Figures in the Balance Sheet have been regrouped and rearranged
wherever necessary.
8. Other particulars required to be disclosed as per the provision of
paragraph 3 & 4 of part II of Schedule VI of the Companies Act 1956 are
not applicable to the company for the current year
9. For the Current Year on review, as required by the Accounting
Standard 28, Impairment of Fixed Assets, the management is of the
opinion that no impairment or reversal of loss is required
10. Earning Per Share
The earnings considered in ascertaining the Companys EPS comprises the
net profit/(loss) after tax (and includes the post tax effect of any
extra ordinary items) attributable to equity shareholder. The number of
shares used in computing Basic EPS is the weighted average number of
shares outstanding during the year
11. The statement of Significant Accounting Policies and the Notes
numbered 2 to 14 above form an integral part of the accounts for the
year ended 31st March 2010
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