Mar 31, 2014
1. In the opinion of the management the current assets, loans and
advances are approximately of the value stated if realized in the
ordinary course of business. The provisions for all the known
liabilities are adequate and not in excess of the amount considered
reasonably necessary.
2. Previous year figures have been re-grouped or re-arranged wherever
necessary.
3. Note 1 to 22 are annexed to and from an integral part of the
Balance Sheet as at 31st March 2014 and Statement of Profit & Loss for
the year ended as on that date.
Notes:
(1) Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial (Non-Deposit Accepting or holding) Companies
Prudential Norms (Reserve Bank ) Direction, 2007.
(2) All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets
acquired in satisfaction of debt. However, market value in respect of
quoted investments and break up/fair value/NAV in respect of Unquoted
investments should be disclosed irrespective of whether they are
classified as long term or current (4) above.
Mar 31, 2013
1.1 During the financial year Company has not made any provision for
Listing fee and other charges i.e. penalties for non compliance of
listing provisions and also received show cause notice during the F.Y.
2009-10 for compulsory delisting of Company from Delhi Stock Exchange
Limited due to non compliance of Listing requirements.
2. In the opinion of the management the current assets, loans and
advances are approximately of the value stated if realized in the
ordinary course of business. The provisions for all the known
liabilities are adequate and not in excess of the amount considered
reasonably necessary.
3. Previous year figures have been re-grouped or re-arranged wherever
necessary.
Mar 31, 2012
1. Related party disclosures as required by Accounting Standard-18
issued by the Institute of Chartered Accountants of India.
2. In the opinion of the management the current assets, loans and
advances are approximately of the value stated if realized in the
ordinary course of business. The provisions for all the known
liabilities are adequate and not in excess of the amount considered
reasonably necessary.
3. Previous year figures have been re-grouped or re-arranged wherever
necessary.
Mar 31, 2011
As at 31.03.2011 As at 31.03.2010
1. Contingent Liabilities
not provided for: 17,700 Nil
As at 31.03.2011 As at 31.03.2010
2. Claims against Company
not acknowledged as debts Nil Nil
3. In the opinion of the management the current assets, loans and
advances are approximately of the value stated if realised in the
ordinary course of business. The provisions for all the known
liabilities are adequate and not in excess of the amount considered
reasonably necessary.
4. During the year company has received show cause notice for
compulsory delisting of company from Delhi Stock Exchange Limited due
to non compliance of listing requirements.
5. INVESTMENTS
The Company held Investments in Equity Shares Rs. Nil Lac as on
31.03.2011.
6. As the Company did not carry any manufacturing activity during the
year under review the other information as required under Schedule-VI
of the Companies Act, 1956 are not applicable.
7. Previous year figures have been, re-grouped or re-arranged wherever
necessary.
8. Related party disclosures as required by Accounting Standard-18
issued by the Institute of Chartered Accountants of India.
a) Parties where control exists
Mr. Deepak Kumar Jain along with his relatives.
b) Enterprises over which major shareholder or key management personnel
along with his relatives exercises significant influence
Akashdeep Metal Industries Limited
Deepak & Company
D.M. International Pvt. Ltd.
Transcend Electronics Pvt. Ltd.
Competent Electronics Pvt. Ltd.
Rose Electronics Pvt. Ltd.
Petal Electronics Pvt. Ltd.
Novelty Electricals Pvt. Ltd.
Sandal Auto Pvt. Ltd.
Posh Electronics Pvt. Ltd.
Shree Ganpati Educational Society (Regd.)
c) Key Management Personnel
Mr. Deepak Kumar Jain, Managing Director
d) Relatives of key Managerial personnel Details of relatives of Mr.
Deepak Kumar Jain
Mr. Surendra Kumar Jain Father
Mrs. Kavita Jain Wife
Mrs. Alka Jain Sister
Mrs. Sangeeta Agarwal Sister
Mr. Manoj Kumar Jain Brother
Mr. Ankit Jain Son
Mr. Atin Jain Son
9. Since the Company''s operations primarily comprise of investment
and financing, as such there is no other reportable segment as
specified by Accounting Standard-17 issued by Institute of Chartered
Accountants of India.
10. The Company has not received any intimation from supplier
regarding their status under Micro/Small & Medium Enterprises
Development Act, 2006 and hence disclosure if any relating amount
unpaid as at year end together with interest paid/payable as required
under the Act have not been given.
11. Schedule "A" to "H" form as integral part of Balance Sheet, Profit
and Loss Account and Cash Flow Statement.