Home  »  Company  »  Arnold Holdings  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Arnold Holdings Ltd.

Mar 31, 2016

B. Notes on Financial Statements

1. The SSI status of the creditors is not known to the Company; hence the information is not given.

2. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.

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

5. Related Party disclosure

(A) Related Parties and their Relationship (I) Key Management Personnel

1. Mahendra Prasad Mallawat

2. CA Gazala Kolsawala

3. Prasanjeet Goswami

4. Dinesh Kumar Gupta - Independent Director

5. Gajanan Uttamrao Mante - Independent Director

6. Dr. Sopan Vishwanathrao Khirsagar - Independent Director

7. Soniya Agarwal - Company Secretary

7. Expenditure in Foreign Currency Nil Nil

8. Earning in Foreign Exchange Nil Nil

9. All assets and liabilities are presented as Current or Non-current as per criteria set out in Revised Schedule

VI to the Company’s Act, 1956 Notified by the Ministry of Corporate affairs vide Notification No. SO447(E) Dated 28th February, 2011 and SO653(E) Dated 30th March, 2011. Based on the nature of operation of the company and realization from the trade receivable, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current /Non-current classification of assets & liabilities.

10. Previous year figures have been regrouped/rearranged wherever necessary.

Right, Preferences and Restriction attached to shares Equity shares

The company has only one class of Equity having a par value Rs. 2.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting, except in case of interim dividend. 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.


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-)

Find IFSC