Mar 31, 2016
1.1 BASIS FOR PREPARATION OF FINANCIAL STATEMENTS
These Financial Statements prepared in accordance with Generally Accepted Accounting Principles under the historical cost convention on accrual basis. Generally Accepted Accounting Principles comprised of accounting standard prescribed by the Companies (Accounting Standards) Rules, 2006, the Provision of Companies Act, 1956 and the guidelines issued by Securities and Exchange Board of India(SEBI).
1.2 USE OF ESTIMATES:
These financial statements have been prepared in accordance with accrual concept. The preparation of the financial statements requires the management to make estimates and assumptions considered in the reported amounts of assets and liabilities. The management believes that the estimates used in preparation of financial statements are prudent and reasonable. Future results could differ from the estimates.
1.3 RECOGNITION OF INCOME & EXPENDITURE:
Revenues/Incomes from operation is recognized as and when they are earned. However Interest income on loan granted is recognized on time proportion basis considering agreement with the parties.
1.4 FIXED ASSETS:
Fixed assets, if any are stated at cost of acquisition or construction including incidental expenses related to acquisition and installation less accumulated depreciation.
1.5 DEPRECIATION:
The Company has provided depreciation based on life assigned to each assets in accordance with Schedule
II of the Companies Act, 2013.
1.6 INVESTMENT:
Long term Investments are valued at cost less provision for diminution. Provision for diminution is made to recognize decline (other than temporary) in the value of investments, if any. Current investments are valued at cost.
1.7 TAXATION:
Provision for taxation has consists of Current Period tax and Deferred tax. The provision for current period tax has been made in accordance with the provisions of the Income tax Act.1961 and the Deferred tax assets or liabilities have been accounted as per the AS-22 ''Accounting for Taxes on Income''. The deferred tax assets and liabilities which arise on account of timing differences is recognized in Profit and Loss Account.
1.8 EARNING PER SHARES:
The Company report Basic and Diluted Earnings Per Share in accordance with Accounting Standards (AS) 20 "Earning Per Shares" issued by The Institute of Chartered Accountants of India. Basic Earnings Per Share is computed by dividing net profit after tax by the weighted average number of equity shares outstanding for the period. Diluted Earnings Per Share is computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the period.
1.9 IMPAIRMENT OF ASSETS:
Impairment loss, if any, is provided to the extent the carrying amount of assets exceeds their recoverable amount. Recoverable amount is higher of an asset''s net selling price and its value in use. Value in use is the present value of estimated future cash flow expected to arise from the continuing use of an asset and from its disposal at the of its useful life.
1.10 In the opinion of Board, all the items of current assets, loans and advances have a value on the realization in the ordinary course of business at least equal to amount at which they are stated.
1.11 The company received in-principle approval for issue of 1,25,00,000 warrants convertible into equal number of equity shares of Rs. 10/- each to Non-Promoters, to be issued at a price not less than Rs. 22.75/- per share on a preferential basis in terms of Clause 24(a) of the Listing Agreement. The company had allotted 1,04,25,000 warrant against receipt of at least 25% amount of offer price. Out of 1,04,25,000 warrant, The company had converted 4243950 warrant into equity shares and the listing application of 4243950 shares and got the approval from SEBI for the same.
1.12 The company had given loan of Rs. 8000000 to Abridge Solutions Private Limited. The amount of loan along with interest to the tune of Rs. 9367200 has been converted into 936720 Redeemable Non Convertible Preference Shares as on 30.03.2016.
Mar 31, 2015
1.1 BASIS FOR PREPARATION OF FINANCIAL STATEMENTS
These Financial Statements prepared in accordance with Generally
Accepted Accounting Principles under the historical cost convention on
accrual basis. Generally Accepted Accounting Principles comprised of
accounting standard prescribed by the Companies (Accounting Standards)
Rules, 2006, the Provision of Companies Act, 1956 and the guidelines
issued by Securities and Exchange Board of India(SEBI).
1.2 USE OF ESTIMATES :
These financial statements have been prepared in accordance with
accrual concept. The preparation of the financial statements requires
the management to make estimates and assumptions considered in the
reported amounts of assets and liabilities. The management believes
that the estimates used in preparation of financial statements are
prudent and reasonable. Future results could differ from the estimates.
1.3 RECOGNITION OF INCOME & EXPENDITURE :
Revenues/Incomes from operation is recognized as and when they are
earned. However Interest income on loan granted is recognized as per
agreement with the d with parties.
1.4 FIXED ASSETS :
Fixed assets, if any are stated at cost of acquisition or construction
including incidental expenses related to acquisition and installation
less accumulated depreciation.
1.5 DEPRECIATION :
The Company has provided depreciation based on life assigned to each
assets in accordance with Schedule II of the Companies Act, 2013.
1.6 INVESTMENT :
Long term Investments are valued at cost less provision for diminution.
Provision for diminution is made to recognize decline (other than
temporary) in the value of investments, if any. Current investments are
valued at cost.
1.7 TAXATION :
Provision for taxation has consists of Current Period tax and Deferred
tax. The provision for current period tax has been made in accordance
with the provisions of the Income tax Act.1961 and the Deferred tax
assets or liabilities have been accounted as per the AS-22 'Accounting
for Taxes on Income'. The deferred tax assets and liabilities which
arise on account of timing differences is recognized in Profit and Loss
Account.
1.8 EARNING PER SHARES :
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 "Earning Per Shares" issued by The
Institute of Chartered Accountants of India. Basic Earning Per Share is
computed by dividing net profit after tax by the weighted average
number of equity shares outstanding for the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity shares outstanding during the period.
1.9 IMPAIRMENT OF ASSETS :
Impairment loss, if any, is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is higher
of an asset's net selling price and its value in use. Value in use is
the present value of estimated future cash flow expected to arise from
the continuing use of an asset and from its disposal at the of its
useful life.
1.10 In the opinion of Board, all the items of current assets, loans and
advances have a value on the realization in the ordinary course of
business at least equal to amount at which they are stated.
1.11 The Company is in the process of taking over the Ideal Systems
Pvt. Ltd. The matter is pending with SEBI.
Mar 31, 2014
1.1 BASIS FOR PREPARATION OF FINANCIAL STATEMENTS
These Financial Statements prepared in accordance with Generally
Accepted Accounting Principles under the historical cost convention on
accrual basis. Generally Accepted Accounting Principles comprised of
accounting standard prescribed by the Companies (Accounting Standards)
Rules, 2006, the Provision of Companies Act, 1956 and the guidelines
issued by Securities and Exchange Board of India(SEBI).
1.2 USE OF ESTIMATES:
These financial statements have been prepared in accordance with
accrual concept. The preparation of the financial statements requires
the management to make estimates and assumptions considered in the
reported amounts of assets and liabilities. The management believes
that the estimates used in preparation of financial statements are
prudent and reasonable. Future results could differ from the estimates.
1.3 RECOGNITION OF INCOME & EXPENDITURE:
Revenues/Incomes from operation is recognized as and when they are
earned. However Interest income on loan granted is recognized as per
agreement with the d with parties.
1.4 FIXED ASSETS:
Fixed assets, if any are stated at cost of acquisition or construction
including incidental expenses related to acquisition and installation
less accumulated depreciation.
1.5 DEPRECIATION:
The Company has provided depreciation pro-rata on the S.L.M method at
the rates specified in Schedule XIV Of The Companies Act, 1956.
1.6 INVESTMENT:
Long term Investments are valued at cost less provision for diminution.
Provision for diminution is made to recognize decline (other than
temporary) in the value of investments, if any. Current investments are
valued at cost.
1.7 TAXATION:
Provision for taxation has consists of Current Period tax and Deferred
tax. The provision for current period tax has been made in accordance
with the provisions of the Income tax Act. 1961 and the Deferred tax
assets or liabilities have been accounted as per the AS-22 ''Accounting
for Taxes on Income''. The deferred tax assets and liabilities which
arise on account of timing differences is recognized in Profit and Loss
Account.
1.8 EARNING PER SHARES:
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 "Earning Per Shares" issued by The
Institute of Chartered Accountants of India. Basic Earning Per Share is
computed by dividing net profit after tax by the weighted average
number of equity shares outstanding for the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity shares outstanding during the period.
1.9 IMPAIRMENT OF ASSETS:
Impairment loss, if any, is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is
higher of an asset''s net selling price and its value in use. Value in
use is the present value of estimated future cash flow expected to
arise from the continuing use of an asset and from its disposal at the
of its useful life.
1.10 In the opinion of Board, all the items of current assets, loans
and advances have a value on the realization in the ordinary course of
business at least equal to amount at which they are stated.
1.11 The Company has applied to BSE under clause 24(f) of Listing
Agreement for approval of Draft Scheme of Amalgamation of Ideal Systems
Pvt. Ltd with the Company proposed to be filed with the Honourable High
Court of Gujarat u/s 391-394 of the Companies Act 1956. BSE has
approved the Scheme with certain observations dated 5th May 2014. The
Company has preferred to revise the Scheme suitably to address all
concerns raised and re-submit the same to BSE against these
observations.
Mar 31, 2013
1.1 BASIS FOR PREPARATION OF FINANCIAL STATEMENTS :
These Financial Statements prepared in accordance with Generally
Accepted Accounting Principles under the historical cost convention on
accrual basis. Generally Accepted Accounting Principles comprised of
accounting standard prescribed by the Companies (Accounting Standards)
Rules, 2006, the Provision of Companies Act, 1956 and the guidelines
issued by Securities and Exchange Board of India(SEBI).
1.2 USE OF ESTIMATES :
These financial statements have been prepared in accordance with
accrual concept. The preparation of the financial statements requires
the management to make estimates and assumptions considered in the
reported amounts of assets and liabilities. The management believes
that the estimates used in preparation of financial statements are
prudent and reasonable. Future results could differ from the estimates.
1.3 RECOGNITION OF INCOME & EXPENDITURE :
Revenues/Incomes from operation is recognized as and when they are
earned. However Interest income on loan granted is recognized as agreed
with parties.
1.4 FIXED ASSETS :
Fixed assets, if any are stated at cost of acquisition or construction
including incidental expenses related to acquisition and installation
less accumulated depreciation.
1.5 DEPRECIATION :
The Company has provided depreciation pro-rata on the S.L.M method at
the rates specified in Schedule XIV Of The Companies Act, 1956.
1.6 INVESTMENT :
Long term Investments are valued at cost less provision for diminution.
Provision for diminution is made to recognize decline (other than
temporary) in the value of investments, if any. Current investments are
valued at cost.
1.7 TAXATION :
Provision for taxation has consists of Current Period tax and Deferred
tax. The provision for current period tax has been made in accordance
with the provisions of the Income tax Act.1961 and the Deferred tax
assets or liabilities have been accounted as per the AS-22 Accounting
for Taxes on Income''. The deferred tax assets and liabilities which
arise on account of timing differences is recognized in Profit and Loss
Account.
1.8 EARNING PER SHARES :
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 "Earning Per Shares" issued by The
Institute of Chartered Accountants of India. Basic Earning Per Share is
computed by dividing net profit after tax by the weighted average
number of equity shares outstanding for the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity shares outstanding during the period.
1.9 IMPAIRMENT OF ASSETS :
Impairment loss, if any, is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is
higher of an asset''s net selling price and its value in use. Value in
use is the present value of estimated future cash flow expected to
arise from the continuing use of an asset and from its disposal at the
of its useful life.
1.10 In the opinion of Board, all the items of current assets, loans
and advances have a value on the realization in the ordinary course of
business at least equal to amount at which they are stated.
Mar 31, 2011
(i) ACCOUNTING CONVENTION
These accounts have been prepared in accordance with historical cost
convention, Applicable accounting standards notified by the Companies
(Accounting Standards) Rules,2006, relevant provisions of the Companies
Act.1956
(ii) METHOD OF ACCOUNTING:
These financial statements have been prepared in accordance with
accrual concept. The preparation of the financial statements requires
the management to make estimates and assumptions considered in the
reported amounts of assets and liabilities. The management believes
that the estimates used in preparation of financial statements are
prudent and reasonable. Future results could differ from the estimates.
(iii) RECOGNITION OF INCOME & EXPNDITURE:
Revenues/Incomes from Park operation is recognized as and when they are
earned. However Interest income from Housing Loan is recognized as and
when it is received.
(iv) FIXED ASSETS:
Fixed assets are stated at cost of acquisition or construction
including incidental expenses related to acquisition and installation
less accumulated depreciation.
(v) DEPRECIATION:
The Company has provided depreciation pro-rata on the S.L.M method at
the rates specified in Schedule XIV OF The Companies Act, 1956.
(vi) INVESTMENT:
Long term Investments are valued at cost less provision for diminution.
Provision for diminution is made to recognize decline (other than
temporary) in the value of investments, if any. Current investments are
valued at cost or market value, whichever is lower.
(vi) INVENTORY:
Inventories are valued at Cost.
(vii) TAXATION:
Provision for taxation has consists of Current Period tax and Differed
tax. The provision for current period tax has been made in accordance
with the provisions of the Income taxAct.1961 and the Differed tax
assets or liabilities have been accounted as pertheAS-22 Accounting for
taxes on Income'. The differed tax assets and liabilities which arise
on account of timing differences is recognized in Profit and Loss
Account.
(viii) RETIREMENT BENEFITS:
Accrued Liability in respect of gratuity will provided on payment
basis.
(ix) EARNING PER SHARES:
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 "Earning Per Shares" issued by The
Institute of Chartered Accountants of India. Basic Earning Per Share is
computed by dividing net profit after tax by the weighted average
number of equity shares outstanding for the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity shares outstanding during the period.
(x) IMPAIRMENT OF ASSETS:
Impairment loss, if any, is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is
higher of an asset's net selling price and its value in use. Value in
use is the present value of estimated future cash flow expected to
arise from the continuing use of an asset and from its disposal at the
of its useful life.
Mar 31, 2010
(i) METHOD OF ACCOUNTING:
The financial statements have been prepared on the historical cost
convention and in accordance with normally accepted Accounting
Principles.
(ii) RECOGNITION OF INCOME & EXPNDITURE:
Revenues/Incomes and costs/expenditures are generally accounted on
Accrual basis. As they are earned or incurred.
(iii) FIXED ASSETS:
Fixed assets are stated at cost of acquisition or construction
including incidental expenses related to acquisition and installation
less accumulated depreciation.
(iv) DEPRECIATION:
The Company has provided depreciation pro-rata on the S.L.M method at
the rates specified in Schedule XIV OF The Companies Act. 1956.
(v) INVESTMENT:
Investments are valued at cost.
(vi) INVENTORY:
Inventories of Stationery and Food and Beverages are valued at Cost.
(vii) TAXATION:
Provision for taxation has been made in accordance with Income Tax Law
and Rules prevailing at the time of the relevant assessment years.
(viii) RETIREMENT BENEFITS:
Accrued Liability in respect of gratuity will provided on payment
basis.
(ix) EARNING PER SHARES:
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 "Earning Per Shares" issued by The
Institute of Chartered Accountants of India. Basic Earning Per Share is
computed by dividing net profit after tax by the weighted average
number of equity shares outstanding fcr the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity shares outstanding during the period.
(x) IMPAIRMENT OF ASSETS:
Impairment loss, if any, is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is
higher of an assets net selling price and its value in use. Value in
use is the present value of estimated future cash flow expected to
arise from the continuing use of an asset and from its disposal at the
of its useful life.
Mar 31, 2009
(i) METHOD OF ACCOUNTING:
The financial statements have been prepared en the historical cost
convention and in accordance with normally accepted Accounting
Principles.
(ii) RECOGNITION OF INCOME & EXPENDITURE
Revenues/Incomes and costs/expenditures are genarally accounted on
Accrual basis, As they are earned or Incurred.
(III) FIXED ASSETS:
Fixed assets are stated at cost of Acquisition or construction
Including incidental expenses related to acquisition and less
accumulated depreciation.
(IV) DEPRECIATION:
The Company has provided depreciation pro-data on the S.L.M method at
the rates specified in Schsdufe XIV OF The Companies Act, 1956.
(v) INVESTMENTS
Investments are valued at cost.
(vi) INVENTORY:
Inventories of Stationery and Food and Beverages are values at Cost,
(VII) TAXATION;
Provision for taxation has been made in accordance with Income Tax Law
and at the the of relevant assesment years.
(viii) RETIREMENT BENEFITS:
Accrued Liability in respect of gravity will provided on payment basis.
(ix) EARNING PER SHARES:
The Company report Basic and Diluted Earning Per Share in accordance
with Accounting Standards (AS) 20 Earning Per Shares" issued by The
Institute or Chartered Accountants of India. Basic; Earning Per Share
Is computed by dividing net profit after tax by the weighted average
number of equity shares outstanding for the period. Diluted Earning Per
Share is computed using the weighted average number of equity shares
and dilutive potential equity; shares outstanding during the period.
(x) IMPAIRMENT OF ASSETS:
Impairment loss, if any. is provided to the extent the carrying amount
of assets exceeds their recoverable amount. Recoverable amount is
higher of an assets net salling price and its value in use. Value in
use is the present value of estimated future cash flow expected to
arise from the continuing use of an asset and from its disposal at the
of its useful life.