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.