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Notes to Accounts of Arnold Holdings Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION:-

Arnold Holdings Ltd. is a public limited NBFC company, incorporated 1981 listed on BSE Ltd. & Calcutta Stock Exchange. The company is engaged in field of Corporate Finance, Infrastructure Finance, Mortgage and Gold Loans, Capital Market.

Arnold has been seasoned provider of private equity capital to companies across sectors. Arnold private equity practice has led investments across a range of sectors-pharmaceutical research, high-end telecom technology product development, media production services, technology, textiles, drug, manufacturing, construction, processed foods, component and tool fabrication and real estate.

2. Contingent liability as on 31/03/2015

The company has filed and contesting an appeals before C!T(A), Kolkata against the Assessment orders u/s 143(3) of Income Tax Act, 1961 in the case of erstwhile transferor companies which were merged in the company pursuant to Order of Hon'ble High Court, Kolkata. The demand raised by the department for the Asst, year 2007-08 is Rs. 79.25 Lacs. The Management is confident to get the relief from the Appellate Authorities.

3. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

4. The Loans and Advances are considered good in respect of which the company does not hold any security other than personal guarantee of persons.

5. Balances of Sundry Debtors and Sundry Creditors, Advances from customers and advances are subject to confirmation.

6. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

7. Previous Year's figures have been regrouped, rearranged and reclassified wherever necessary to conform to the classification adopted for the current year.

8. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act, 1956.


Mar 31, 2014

1. Payment to Auditors Rs. 29,500/- (prev. year- Rs. 27,500/-).

2. Directors Remuneration Rs. 4,02,445/- (Prev. Year - 3,60,000/-).

3. (i) Expenditure in Foreign Currency Rs. NIL.

(ii) Earnings in Foreign Currency Rs. NIL.

4. Estimated amount of contract remaining to be executed on capital accounts and not provided for - NIL. (Prev.year - NIL).

5. Contingent liability as on 31/03/2014 -NIL

6. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

7. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

8. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

9. Previous Year''s figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

10. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.

Notes to the Cash Flow Statement:

1. The Cash Flow Statement has been prepared in accordance with requirement of Accounting Standard-3

2. Cash Flow have been reported using the indirect method, where by the net profit is adjusted for the effects of the transactions of the non cash nature and my deferrals or accruals of past or future cash receipts or payments, segregated between cash flows.

3. Cash and cash equivalents balances held by the company are available for its use.

This is the cash Flow Statement referred in our report of even date.


Mar 31, 2013

I. CORPORATE INFORMATION:- Arnold Holdings Limited deals in Shares and securities and Advancing of Loans.

1. Payment to Auditors Rs. 27.500/- (prev. year- Rs. 20,000/-).

2. Directors Remuneration Rs. ;.60,000/- (Prev. Year- 3,60,000/-).

3. (i) Expenditure in Foreign Currency Rs. NIL. (ii) Earnings in Foreign Currency Rs. NIL.

4. Estimated amount of contract remaining to be executed on capital accounts and not provided for - NIL. (Prev.yea:—NIL).

5. Contingent liability as on 31-''03/2013-NIL

6. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

7. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

8. In the opinion of the Board jf Directors, the current Assets, Loans & Advances are approximately of the value suited if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

9. Previous Year''s figures havi been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

10. No employees of the contp-.iiiy are in recti pi of or are entitled to receive remuneration more than or |equal to the rates prescribed of the Companies Act, 1956.


Mar 31, 2012

Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

Disclosure of ADDITIONAL INFORMATION Pursuant to the provisions of Paragraph 3(i) (a) and (ii), 4C and 4D of Part II of Schedule VI to the companies Acf 1956. - -SEPERATELY ENCLOSED-

In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

Previous Year''s figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

1. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.


Mar 31, 2011

Disclosure of ADDITIONAL INFORMATION Pursuant to the provisions of Paragraph 3(i) (a) and (ii), 4C and 4D of Part II of Schedule VI to the companies Acf 1956.

SEPERATELY ENCLOSED

In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

Previous Year''s figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

1. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.


Mar 31, 2010

1. Earning/Expenditure in foreign Currency

2. Contingent liabilities not provided

3. Quantitative details of Stock Traded Opening Stock

Purchases Sales

Sales

Closing Stock

4. Figures in bracket represent previous year figures.


Mar 31, 2009

1. Contingent liabilities not provided NIL

(NIL-)

 
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