Mar 31, 2016
1. Related Parties Disclosure:
Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006.
2. Name of related parties and description of relationship:
3. Key Management Personnel:
4. Ketan Nalinkant Shah
5. Sandip Rajnikant Shah
6. Directors
7. Mahesh Baldevbhai Modi
8. Entity Controlled By Key Management Personnel or Director
9. Ideal System Private Limited
10. Abridge Solution Pvt. Ltd.
11. Segment Reporting:
Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.
12. There was no employee who if employed throughout the year was in receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs.2,00,000/- p.m.
13. Company is not contingent liable for any other.
14. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.
Mar 31, 2015
1. Related Parties Disclosure :
Related party disclosure is in accordance with the Accounting Standards
(AS) 18 on "Related Party Disclosure" notified by Companies (Accounting
Standards) Rules, 2006
A. Name of related parties and description of relationship :
a. Key Management Personnel :
i) Ketan Nalinkant Shah
ii) Sandip Rajnikant Shah
b. Entity Controlled By Key Management Personnel or Director :
i) Ideal System Private Limited
ii) Abridge Solution Pvt. Ltd.
B. Transaction with Key Management Personnel : (Rs. In Lakhs)
Particulars Current Year Previous Year
i. Provision of service to Entity
controlled by related parties 3.48 6.04
ii. Interest earned on Money Advanced 5.33 5.06
C. Related party relationship is as identified by Management and
relied upon by Auditors'.
2. Segment Reporting :
Segment Information as required by Accounting Standards (AS) 17 on
"Segment Reporting" notified by Companies (Accounting Standards) Rules
2006 is not applicable as company is in the business of one segment
only.
3. Auditors Remuneration :
Particulars RUPEES RUPEES
31.03.2015 31.03.2014
1. Statutory Audit Fees 20000 20000
2. Other Professional Work 20000 20000
Total 40000 40000
4. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if
employed for a part of the year was in receipt of remuneration in
excess of Rs.2,00,000/- p.m.
5 Company is not contingent liable for any other.
6 The Company does not possess information as to which of its suppliers
are ancillary industrial undertakings/small scale industrial
undertakings holding permanent registration certificate issued by
directorate of Industries of a State of Union Territory. Consequently
the liability if any of interest which would be payable under "the
interest on Delayed payments to small Scale and Ancillary Industrial
Undertaking Act. 1993" cannot be ascertained. However the company has
not received any claims in respect of interest.
The Company has only one class of shares referred to as Equity Shares
having a per value of Rs. 10/-. Each holder of Equity shares is
entitled to one vote per share.
The Company declares and Pays dividend in Indian Rupees. The Dividend
Proposed by Board of Directors is subject to approval of the
shareholder in the next Annual General Meeting.
Mar 31, 2014
1. Related Parties Disclosure:
Related party disclosure is in accordance with the Accounting Standards
(AS) 18 on "Related Party Disclosure" notified by Companies (Accounting
Standards) Rules, 2006
A. Name of related parties and description of relationship:
a. Key Management Personnel:
i) Ketan Nalinkant Shah
ii) Sandip Rajnikant Shah
b. Entity Controlled By Key Management Personnel or Director :
i) Ideal System Private Limited
C. Related party relationship is as identified by Management and relied
upon by Auditors''.
2. Segment Reporting:
Segment Information as required by Accounting Standards (AS) 17 on
"Segment Reporting" notified by Companies (Accounting Standards) Rules
2006 is not applicable as company is in the business of one segment
only.
3. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if
employed for a part of the year was in receipt of remuneration in
excess of Rs. 2,00,000/- p.m.
4. Company is not contingent liable for any other.
5. The Company does not possess information as to which of its
suppliers are ancillary industrial undertakings/small scale industrial
undertakings holding permanent registration certificate issued by
directorate of Industries of a State of Union Territory. Consequently
the liability if any of interest which would be payable under "the
interest on Delayed payments to small Scale and Ancillary Industrial
Undertaking Act. 1993" cannot be ascertained. However the company has
not received any claims in respect of interest.
6 SHARE CAPITAL:
The Company has only one class of shares referred to as Equity Shares
having a per value of Rs. 10/-. Each holder of Equity shares is
entitled to one vote per share.
The Company declares and Pays dividend in Indian Rupees. The Dividend
Proposed by Board of Directors is subject to approval of the
shareholder in the next Annual General Meeting.
Mar 31, 2013
1. RELATED PARTIES DISCLOSURE :
Related party disclosure is in accordance with the Accounting Standards
(AS) 18 on "Related Party Disclosure" notified by Companies (Accounting
Standards) Rules, 2006
A. NAME OF RELATED PARTIES AND DESCRIPTION OF RELATIONSHIP :
a. Key Management Personnel i) Ketan Nalikant Shah
b. Director : i) Mahesh Baldevbhai Modi
ii) Sandip Rajnikant Shah iii) Chintubhai Prafulbhai Shah
iv) Ashokkumar Ramanlal Patel
c. Entity Controlled By Key Management Personnel or Director
i. Ideal System Private Limited
2. The balance of loans, advances, debtors, secured and unsecured
loans, creditors and bank balances and other items of the current
assets and liabilities are subject to confirmation / reconciliation.
3. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if
employed for a part of the year was in receipt of remuneration in
excess of Rs. 2,00,000/- p.m.
4. Company is not contingent liable for any other.
5. The Company does not possess information as to which of its
suppliers are ancillary industrial undertakings/small scale industrial
undertakings holding permanent registration certificate issued by
directorate of Industries of a State of Union Territory. Consequently
the liability if any of interest which would be payable under "the
interest on Delayed payments to small Scale and Ancillary Industrial
Undertaking Act. 1993 cannot be ascertained. However the company has
not received any claims in respect of interest.
Mar 31, 2011
1. 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.
2. Related Parties Disclosure:
Related party disclosure is in accordance with the Accounting Standards
(AS) 18 on "Related Party Disclosure" notified by Companies (Accounting
Standards) Rules, 2006
3. Segment Reporting:
Segment Information as required by Accounting Standards (AS) 17 on
"Segment Reporting" notified by Companies (Accounting Standards) Rules
2006 is not applicable as company is in the business of one segment
only.
4. Deferred Tax:
There is difference of about Rs.52274./- between Depreciation as per
Income Tax Act. 1961 (Rs.230349) and depreciation as per Companies Act.
1956 (Rs. 178075). The Company has increased the deferred tax
liabilities provided earlier by Rs. 17768/- and transferred the same
from Profit & Loss Account.
5. The balance of loans, advances, debtors, secured and unsecured
loans, creditors and bank balances and other items of the current
assets and liabilities are subject to confirmation / reconciliation.
6. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24.00,000/- p.a. or if
employed for a part of the year was in receipt of remuneration in
excess of Rs.2,00,000/- p.m.
7. Directors Remuneration - Nil Previous Year- Rs. 108000/-
8. The information required by para 3 & 4 of Part II of Schedule VI
to the Companies Act 1956:-
a. Expenditure in Foreign Currency - Rs. Nil (Previous Year Rs. Nil)
b. Earning in Foreign Currency - Rs. Nil - (Previous year'Rs. Nil)
c. Amount remitted during the year in foreign currency - Rs. Nil (
Previous Year Rs. Nil)
d. Previous year figures have been regrouped and re-arranged wherever
necessary so as to confirm to current year grouping.
e. The other clauses of the above referred para are not applicable.
11. No further information pursuant to paragraph 4C and 4D of the part
II of the Schedule VI of the Companies Act, 1956 is given, as the same
does not apply to the company.
9. Company is not contingent liable for any other.
10. The Company does not possess information as to which of its
suppliers are ancillary industrial undertakings/small scale industrial
undertakings holding permanent registration certificate issued by
directorate of Industries of a State of Union Territory. Consequently
the liability if any of interest which would be payable under "the
interest on Delayed payments to small Scale and Ancillary Industrial
Undertaking Act. 1993" cannot be ascertained. However the company has
not received any claims in respect of interest.
11. Balance Sheet abstract and company's general business profile as
per schedule VI Part (IV) of the Companies Act.
Mar 31, 2010
1. 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 stated.
2. Related Parties Disclosure:
Related party disclosure is in accordance with the Accounting Standards
(AS) 18 on "Related Party Disclosure" notified by Companies
(Accounting Standards) Rules, 2006
A. Name of related parties and description of relationship:
a. Key Management Personnel: 1) Nirmalsinh Rana
2) Pradeepsinh Jhala
3) Rajendrasinh Zala
b. Enterprise controller by key management personnel:
1) Prayosha Fabricator
3. Segment Reporting:
Segment Information as required by Accounting Standards (AS) 17 on
"Segment Reporting" notified by Companies (Accounting Standards) Rules
2006 is not applicable as company is in the business of one segment
only.
4. Deferred Tax:
There is difference of about Rs.61,460/- between Depreciation as per
Income Tax Act. 1961 (Rs. 209696) and depreciation as per Companies
Act. 1956 (Rs. 148236).The Company has increased the deferred tax
liabilities provided earlier by Rs.20,687/- and transferred the same
from Profit & Loss Account.
5. The balance of loans, advances, debtors, secured and unsecured
loans, creditors and bank balances and other items of the current
assets and liabilities are subject to confirmation / reconciliation.
6. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24.00,000/- p.a. or if
employed for a part of the year was in receipt of remuneration in
excess of Rs.2,00,000/- p.m.
7. Directors Remuneration - Rs. 1,08,000/- Previous Year- Rs.
2,16,000/-
8. The information required by para 3 & 4 of Part II of Schedule VI
to the Companies Act 1956:-
a. Expenditure in Foreign Currency - Rs. Nil (Previous Year Rs. Nil)
b. Earning in Foreign Currency - Rs. Nil - (Previous year Rs. Nil)
c. Amount remitted during the year in foreign currency - Rs. Nil (
Previous Year Rs. Nil)
d. Previous year figures have been regrouped and re-arranged wherever
necessary so as to confirm to current year grouping.
e. The other clauses of the above referred para are not applicable.
9. No further information pursuant to paragraph 4C and4D of the part
II of the Schedule VI of the Companies Act, 1956 is given, as the same
does not apply to the company.
10. Company is not contingent liable for any other.
11. The Company does not possess information as to which of its
suppliers are ancillary industrial undertakings/small scale industrial
undertakings holding permanent registration certificate issued by
directorate of Industries of a State of Union Territory. Consequently
the liability if any of interest which would be payable under "the
interest on Delayed payments to small Scale and Ancillary Industrial
Undertaking Act. 1993" cannot be ascertained. However the company has
not received any claims in respect of interest.
12. Balance Sheet abstract and companys general business profile as
per schedule VI Part (IV) of the Companies Act.
Mar 31, 2009
1: In the opinion of Board, all the items of current assets, loans and
advances have a value on the realization in that- ordinary course of
business at least equal to amount at which they are stated.
2. Related Parties Enclosure:
Related party disclosure is in accordance with the Accounting Standards
(AS) t8 on "Related Party Disclosure" notified by Companies
(Accounting Standards) Rules. 2006.
A. Name of related parties And description of relationship; a. Key
Management Personnel: 1) Nimalsinh Rana
3) Pradeepsinh Zala i) Rajendrasinh Zala
b. Enterprise controller by key management personnel;
1) Prayosha Fabricator
4. Segment Reporting:
Segment information as required by Accounting Standards (AS) 17 on
"Segment Reporting notified by Companies (Accounting Standards) Rules
2006 is not applicable as company is In the business of one segment
only,
5, Deferred Tax:
There is difference of about Rs.97,454/- between depreciation as per
Companies Act. 1956 and Depreciation as per Income Tax Act. 1961. The
Company has reduced the deferred tax liabilities provided earlier by
Rs.32,603/- 8nd transferred the same to Profit & Loss Account,
6. The balance of loans, advances, debtors, secured and unsecured
loans, creditors and bank balances and other Items of the current
assets and liabilities are subject to confirmation t reconciliation.
7. There was no employee who if employed through out the year was in
receipt of remuneration in excess of Rs. 24.00,000/-p.a. or if
employed for a part of the yea: was m receipt of remuneration in excess
of Rs.2,00,000/- p.m.
8. The information required by para 3 & 4 of Part 11 of Schedule VI
to the Companies Act 1956:-
a. Expenditure in Foreign Currency-Rs. Nil [Previous Year Rs. Nil) b.
Earning in Foreign Currency-Rs. Nil - (Previous year Rs. Nil) Amount
remitted during the year in foreign currency - Rs. Nil ( Previous Year
Rs.Nil)
d. Previous year figures have been regroupedand re-arranged wherever
necessary so as to confirm to
current year grouping. a The other clauses of the above referred para
are not applicable.
9. No further information pursuant to paragraph 4C and 4D of the pert
II of the Schedule VI of the Companies Act, 1956 is given, as the same
does not apply to the company.
10, Company is not contigient liable for any other
11. The Company does not possess Information as to which of its
supplier are ancillary Industrial undertaking small scale industrial
undertakings holding permanent registration applicable Issued by
directorate of Industries of a Stale of Union Territory. Consequently
the liability If any of interest which would be payable under the
interest on Delayed) payments to small Scale and Ancillary Industrial
Undertaking Act. 1993 cannot be ascertained. However the company has not
received any claims In respect of Internal
11. Balance Sheet abstract and companys general business profile as
per schedule VI Part (IV) of the Companies Act