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Notes to Accounts of Arman Holdings Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION

Arman Holdings Limited ("the Company") was incorporated in India on 25 October 1982. The Company is set up to carry on the business of exporting, importing, wholesaling, exhibiting, buying and selling and otherwise dealing in Chemicals, textiles, paper, oil, cement, plastic, automobile, Jute, tea, sugar, ferrous and non ferrous metals, electronic and electronic goods and handicrafts and all other sorts of merchandises and to carry on in any mode, and in particulars to buy, sell and deal in goods, stores, consumable articles, chattles and effect of all kinds both wholesale and retail.

The accompanying financial statements are prepared to reflect the results of the activities undertaken by the Company during the year ended 31 March 2015.

2. Rights, preferences and restrictions attached to shares

Equity Shares: The company has one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

3. Contingent Liabilities Nil Nil

4. Balances comprised in Current Assets, Loans and Advances and Current Liabilities are subject to confirmation/reconciliation and consequential adjustments. Necessary adjustments, if any, will be carried out upon receipt of such confirmations.

5. Segment information

Business Segments:

Operations of the Company do not qualify, for reporting as business segments, under the criteria set out under Accounting Standard 17 on 'Segment reporting' issued by The Institute of Chartered Accountants of India.

Geographic segment:

Operations of the Company do not qualify, for reporting as geographic segments, under the criteria set out under Accounting Standard 17 on 'Segment reporting' issued by The Institute of Chartered Accountants of India.

6. There are no material transactions with related parties during the year under audit.

7. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

8. Figures have been rounded off to the nearest rupee.


Mar 31, 2014

1. a Rights, preferences and restrictions attached to shares

Equity Shares: The company has one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

b Notes:

1 During the year the Authorised Capital of the company has been increased by Rs. 500 Lacs.

2

Of the above shares, company has issued and alloted the 49,61,500 shares to the promoters and non promoters entities on preferential basis.

3 Of the above shares, company issued the 49,61,500 shares at a price of Rs. 13 per share (At premium of Rs. 3 per share).

c Notes:

During the year company issued 49,61,500 shares of Rs. 10/- each at a premium of Rs. 3/- per share.

Based on the information received and available with the Company, there are no dues outstanding to Micro, Small and Medium enterprises covered under the Micro, Small and Medium Enterprises Development Act, 2006.

2. Contingent Liabilities Nil Nil

16 Balances comprised in Current Assets, Loans and Advances and Current Liabilities are subject to confirmation/reconciliation and consequential adjustments. Necessary adjustments, if any, will be carried out upon receipt of such confirmations.

3 Segment information

Business Segments:

Operations of the Company do not qualify, for reporting as business segments, under the criteria set out under Accounting Standard 17 on ''Segment reporting'' issued by The Institute of Chartered Accountants of India.

Geographic segment:

Operations of the Company do not qualify, for reporting as geographic segments, under the criteria set out under Accounting Standard 17 on ''Segment reporting'' issued by The Institute of Chartered Accountants of India.

4 There are no material transactions with related parties during the year under audit.

5 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

6 Figures have been rounded off to the nearest rupee.


Mar 31, 2013

1 Contingent Liabilities Nil Nil

2 Balance comprised in Current Assets, Loans and Advances and Current Liabilities are subject to confirmation/reconciliation and consequential adjustments. Necessary adjustments, if any, will be carried out upon receipt of such confirmations.

3 Segment information

Business Segments:

Operations of the Company do not qualify, for reporting as business segments, under the criteria set out under Accounting Standard 17 on ''Segment reporting'' issued by The Institute of Chartered Accountants of India.

Geographic segment:

Operations of the Company do not qualify, for reporting as geographic segments, under the criteria set out under Accounting Standard 17 on ''Segment reporting'' issued by The Institute of Chartered Accountants of India.

4 There are no material transactions with related parties during the year under audit.

5 Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification / disclosure.

6 Figures have been rounded off to the nearest rupee.


Mar 31, 2012

A. Rights, preferences and restrictions attached to shares

Equity Shares: The company has one class of equity shares having a par value of Rs. 10/- per shares. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts in proportion to their shareholding.

1 Based on the information received and available with the Company, there are no dues outstanding Micro, Small and Medium enterprises covered under the Micro, Small and Medium Enterprises Development Act, 2006.

2 Balances comprised in Current Assets, Loans and Advances and Current Liabilities are subject to confirmation/reconciliation and consequential adjustments, Necessary adjustment if any will be carried out upon receipt of such confirmations.

3 Related Party disclosure The related parties are identified by the management of the company and relied upon by the auditors.

i) Name of the related parties and description of relationship :

4 Figures have been rounded off to the nearest rupee.


Mar 31, 2011

1. In the opinion of Directors, the current assets, loans and advances have a value on their realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

2. Loans & Advances includes a sum of Rs. 2.00 Lacs (Prev. Yr. 12.15) due from a co. in which a Director is interested as Director. Maximum amount due at any time during the yr. 12.15 Lacs (Prev. Yr. 16.15).

3. Figure of the previous year have been regrouped/rearranged wherever necessary to made them comparable with figures of the current year.

 
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