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Notes to Accounts of Arihant Multi Commercial Ltd.

Mar 31, 2015

A. Company information

Arihant Multi Commercial limited (referred to as "Company") has been incorporated on Dec 24, 1982 vide CIN L51909MH1982PLC028972 having registered office at F3/ Shah Arcade, Rani Sati Marg, Malad East, Mumbai 400 097.

The Company has changed its line of business and had discontinued the activity of Pharma Product's Trading Activities, Instead, the Company has started the business of trading in Textile, Electric Goods, Steel & Steel Goods, Investments Activities in Shares & Securities and engaged in treasury operations by way of providing funding solutions to clients both in the form of Debts & Equity and Investment activities.

1. other notes and Additional information forming part of Financial Statements

i. In the opinion of the management, current assets, loans and advances and other receivables are approximately of the value stated, if realized in the ordinary course of business. Te provisions of all known liability are ascertained.

ii. There is unpaid tax liability of Rs. 13,37,654/- for the A.Y. 2010-11.

iii. Previous year figures have been restated to conform to the classification of the current year.

iv. Provision for Gratuity has not been created since none of the employee had worded for more than six months during the year

v. Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors are Loans & Advances are subject to reconciliation, since conformations have not been received from them. Necessary entries will be passed on receipt of the same if required.

vi. The company has not provided for Gratuity and Leave Encashment to Employees on accrual basis, which is not in conformity with AS-15 issued by ICAI. However, in the opinion of management the amount involved is negligible and has no impact on Statement of Profit & Loss.

2 Balances shown under Long Term Liabilities, Other Current Liabilities and Long Term Loans and Advances and Short Term Loans & Advances are subject to Confrmation, reconciliation and consequential adjustments, if any.

Events Occurring afer Balance Sheet Date

3 No signifcant events which could efect the fnancial possition as on March 31, 2015, to a material extent have been reported by the management, afer the balance sheet date till the signing of the report.

Contingent Liabilities

4 The Company does not have any pending litigations / disputed matters as at March 31, 2015 including Income Tax, Sales Tax and Other Taxes which will impact the fnancial possition in its fnancial statements as on March 31, 2015.


Mar 31, 2013

Note 1: SEGMENT INFORMATION (AS-17)

During the year company has not carried out any business activity except for the trading of Shares and Securities and hence Accounting Standard 17 SEGMENT INFORMATION is not applicable.

Note 2: RELATED PARTY DISCLOSURE

Related party disclosures'' as required by AS - 18'' "Related Party Disclosures" are given below:

A) Directors

- Alok Kumar Behra - Managing Director

- Ranjit Kumar Modi - Director

- Anil Kumar Sanklecha - Director A) Relationships

a) Related parties where common control exists

Name of the Companies where the directors can exercise the control

- Prathama Trading Limited

- Jubilant Fintex Private Limited

- Arya Commodity & Derivatives Private Limited

- Jeeva Vanijya Pvt Ltd

- Eden Spring Trading Private Limited

- Blue Lagoon Vanijya Private Limited1

- Everything Trading Private Limited

- Swapanpuri Tradelink Private Limited

- Matarani Commotrade Private Limited b) Key Management Personnel

Mr. Alok Kumar Behra Managing Director

Mr. Ranjit Kumar Modi Director

Mr. Anil Kumar Sanklecha Director

C) Transactions with Related Parties-

During the year under consideration no transactions with related party were entered into.

Note 3: EARNING PER SHARE

No Potential Equity Shares were outstanding as on 31.03.2013 and hence Basics and Diluted Earning Per Shares are Same.

Note 4: Balances of Sundry Debtors'' Unsecured Loans'' Sundry Creditors and Loans & Advances are subject to reconciliation'' since confirmations have not been received from them. Necessary entries shall be passed on the receipt of the same if required.

Note 5: In the opinion of the management'' the Current Assets'' Loans & Advances are approximately of the value stated'' if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

Note 6: The Company has issued 18''74''000 new Equity Shares. These shares have been allotted at a price of Rs. 60/- each which is in accordance with the Preferential Issue Guidelines issued by Securities and Exchange Board of India.

Note 7: The Company has not received the required information from suppliers regarding their status under the Micro'' Small and Medium Enterprises Development Act'' 2006. Hence disclosures'' if any'' relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been made.

Note 8: The Company has not provided for Gratuity and Leave Encashment to Employees on accrual basis'' which is not in conformity with AS - 15 issued by ICAI. However'' in the opinion of management the amount involved is negligible and has no impact on Profit & Loss Account.

Note 9: Previous year''s figures have been grouped/ regrouped'' arranged/rearranged wherever necessary to make them comparable.


Mar 31, 2012

A) Previous year figures are regrouped wherever necessary.

b) There is no foreign exchange earning or expenditure.

c) Contignet liability : NIL

d) Loans and advances , deposits, Sundry Debtors and Creditors are subject to confirmation.

e) In accordance with the requirement of Accounting Standard 17, Segmental Reporting, the company has only one Segment during the previous year, hence it is not required to give report on the same.

f) Related Party Disclosure

As per accounting standard-18, issued by Institute of Chartered Accountant of India, the disclosures of transactions with related parties and define in the Accounting Standard are given below.

Related Parties

a) Prominent Tours & Travels Pvt. Ltd.

b) Nikunj Kankia - Director

c) Pratick Garodia - Director Transaction with Related Parties : NIL

g) There are no reportable amount of dues on account of principal and interest or any such payments during the year as required by Micro, Small and Medium Enterprises Development Act, 2006 in respect of Micro Enterprises and small enterprises as defined in the Act. This is based on information made available to the company by such enterprises.

h) The open offer submitted by merchant banker to acquire 48000 equity shares by Ivory Consulatants Pvt. Ltd on 30/09/2010 is still pending.

i) Additional information pursuant to the provision of para3, 4C and 4D of part II of the Schedule VI to the Companies Act, 1956.

(a) Company is a trading company hence the clause regarding capacities,

(b) Details of Quantitative trading of Shares & Securites.

j) The financial statements for the year ended March 31, 2011 were prepared as per the applicable, pre-revised Schedule-VI to the Companies Act, 1956. The financial statements for the year ended March 31,2012 have been prepared as per Schedule VI. Accordingly ,the previous year figures have been reclassified to confirm to current year's classification.


Mar 31, 2011

1. Contingent Liability : NIL

2. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

3. Loans & Advances, Deposits and Sundry Creditors, Sundry Debtors are subject to confirmation.

4. FOREIGN CURRENCY TRANSACTIONS : During the previous year there was no transaction in Foreign currency.

5. During the company has disposed off the Fixed Assets which contains Land and Capital Work in progress, which was adjusted against the creditors balance.

6. In with the requirement of Accounting Standard 17, Segmental Reporting, the company has only one Segment during the previous year, hence it is not required to give report on the same.

7. Related Party Disclosure

As per Accounting Standard- 18, Issued by Institute of Chartered Accountant of India,the disclosures of transactions with related parties and define in the Accounting Standard are given below.

Related Parties a) Prominent Tours & Travels Pvt.Ltd.

b) Nikunj Kankia - Director

c) Pratick Garodia - Director

Transactions with Related Parties

8. There are no reportable amount of dues on account of principal and interest or any such payments during the year as required by Micro, Small and Medium Enterprises Development Act,2006 in respect of Micro Enterprices and Small enterprises as defined in the Act. This is based on information made available to the company by such Enterprises.

9. During the previous year open offer has been submitted by Merchant banker to acquire 48000 equity share by Ivory Consultants Pvt. Ltd. On 30.09.2010.

10. Additional information pursuant to the provision of para3,4C and 4D of part II of the Schedule VI to the Companies Act, 1956.

(a) Company is a trading company hence the clause regarding capacities, production, raw material consumed is not applicable.

(b) Details of Quantitative trading of Shares & Securities.


Mar 31, 2010

1. Contingent Liability Not Provided For (In Rupees) (In Rupees) Current Year Previous Year

Contingent liability Nil Nil

2, Related Party Transactions

As per Accounting Standard - 18, Issued by Institme of Chartered Accountant of India, the disclosures of transaction with related Parties and define in the Accounting Standard are given below.

a) List of the related parties with whom company had transaction etc.

i) Associates

Prominent Tours &. Travels Pvt Ltd

ii) Key Management Personnel

a) Shri Kirti M. Kanakia

b) Shri Nikunj K. Kanakia

c) Shri Pratik Goradia

3. There are no reportable amount of dues on account of principal and interest or any such payments during the year as required by Micro, Small and Medium Enterprises Development Act, 2006, in respect of Micro Enterprises and Small Enterprises as defined in the Act This is based on information made available to the company by such Enterprises,

4. ADDITIONAL INFORMATION PURSUANT TO THE PROVISION OF PARAGRAPH 3,4C AND 4D OF PART II or SCHEDULE VT TO THE COMPANY ACT, 1956.

a) Company is a trading company hence the clause regarding capacities, production, raw material consumed is not applicable.

Previous year figures have been regrouped, wherever necessary to corresponding with the figures of the current year.


Mar 31, 2009

1. Contingent Liability Not Provided For In Rupees) (In Rupees) Current Year Previous Year

Estimated amount of contract remaining to be executed on capital account and not provided for. Nil 190,080

2. Related Party Transactions

As per Accounting Standard -18, Issued by Institute of Chartered Accountant of India, the disclosures of transaction with related Parties and define in the Accounting Standard are given below.

a) List of the related parties with whom company had transaction etc.

I) Associates

Prominent Tours & Travels Pvt Ltd

ii) Key Management Personnel

a) Shri Kirti M. Kanakia

b) Shri Nikunj K. Kanakia

c) Shri Pratik Goradia

3. There are no reportable amount of dues on account of principal and interest or any such payments during the year as required by Micro, Small and Medium Enterprises Development Act,2006, in respect of Micro Enterprises and Small Enterprises as defined in the Act. This is based on information made available to the company by such Enterprises.

4. ADDITIONAL INFORMATION PURSUANT TO THE PROVISION OF PARAGRAPH 3,4C, AND 4D OF PART II OF SCHEDULE VI TO THE COMPANY ACT, 1956.

a) Company is a trading company hence the clause regarding capacities, production, raw material consumed is not applicable.

Previous year figures have been regrouped, wherever necessary to corresponding with the figures of the current year.

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