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Notes to Accounts of Atlanta Devcon Ltd.

Mar 31, 2015

1. The Company has only one class of equity shares having a par value of Rs. 10/- per share and all equity shares are parripassu and carries equal rights with respect to voting and dividend

2. In case of liquidation, the equity shareholders shall be entitled for proportionate share of their holding in the assets remained after distribution to call creditors and preference shareholders, if any

3. Details of Share Holder holding more than 5% of Equity Shares

4. Employee Benefit

The company/assessee does not recognize post employment benefits as required by Accounting Standard 15 (Revised) issued by the Institute of Chartered Accountants of India. However, in the absence of any actuarial valuation or required details, we are unable to ascertain the effect of the same on the profit or loss for the year.

5. Foreign Income & Expenditure

No Income & Expenditure have been incurred in foreign currency during the year.

6. Previous year Figures

These Financial Statements have been prepared in the format prescribed by the Revised Schedule VI to The Companies Act, 1956 as notified by the Central Government of India. This has significantly impacted the disclosure & Presentation made in the financial Statement Previous year's figures have been regrouped / restated wherever necessary to make it comparable with the current year's figures.


Mar 31, 2014

A The Company has only one class of equity shares having a par value of Rs. 10/- per share and all equity shares are parri passu and carries equal rights with respect to voting and dividend.

B In case of liquidation, the equity shareholders shall be entitled for proportionate share of their holding in the assets remained after distribution to all creditors and preference shareholders, if any

Note: 1 : Employee Benefit

The company/assessee does not recognize post employment benefits as required by Accounting Standard 15 (Revised) issued by the Institute of Chartered Accountants of India. However, in the absence of any actuarial valuation or required details, we are unable to ascertain the effect of the same on the profit or loss for the year.

Note: 2 : Previous year Figures

These Financial Statements have been prepared in the format prescribed by the Revised Schedule VI to the Companies Act, 1956 as notified by the Central Government of India. This has significantly impacted the disclosure &

Presentation made in the financial Statement Previous year''s figures have been regrouped / restated wherever necessary to make it comparable with the current year''s figures.

Note: 3 : Foreign Income & Expenditure

No Income & Expenditure have been incurred in foreign currency during the year.


Mar 31, 2013

A The Company has only one class of equity shares having a par value of Rs. 10/- per share and all equity shares are parri passu and carries equal rights with respect to voting and dividend.

B In case of liquidation, the equity shareholders shall be entitled for proportionate share of their holding in the assets remained after distribution to all creditors and preference shareholders, if any

Note: 1 Employee Benefit

The company/assessed does not recognize post employment benefits as required by Accounting Standard 15 (Revised) issued by ttie Institute of Chartered Accountants of India. However, in the absence of any actuarial valuation or required details, we are unable to ascertain the effect of the same on the profit or loss for the year.

Note: 2 : Previous year Figures

These Financial Statements have been prepared in the formal prescribed by the Revised Schedule VI to the Companies Act, 1956 as notified by the Central Government of India. This has significantly impacted the disclosure & Presentation made in the financial Statement Previous year''s figures have been regrouped / restated wherever necessary to make it comparable with the current year''s figures.

Note: 3 : Foreign Income & Expenditure

No income & Expenditure have been incurred in foreign currency during the year.


Mar 31, 2012

1. Estimated amounts of contract remaining to be executed on capital account but not provided for: Nil (Previous Year: Nil)

2 Value of Imports on CIF basis : Nil (Previous Year: Nil)

3. Expenditure in Foreign Currency : Nil (Previous year: Nil)

4. Earnings in Foreign Currency : Nil (Previous Year: Nil)

5. LOANS & ADVANCES :

Loans & Advances as shown in Balance Sheet amounting to Rs 13,66,00,000/- represents:- Rs 9,96,00,000/- paid to one party as advance for the purchase of Land in terms of Agreement for sale (Banakhat without possession) dated : 31/12/2012. Rs 3,70,00,000/- paid for the land development of land, on above land to one Company.

6. Capacity Utilization / Production / Other Quantitative details :- There being no activities during the year, such information are NIL.

7. Previous Year figures have been regrouped and/or reclassified wherever necessary to Conform to the current years' classification.


Mar 31, 2010

1. Estimated amounts of contract remaining to be executed on capital account but not provided for: Nil (Previous Year Nil)

2. The balances of Debtors, Creditors and other parties to whom advances have been paid are subject to reconciliation and confirmation from respective parties.

3. As no employee is eligible for gratuity, no provision for death - cum - retirement gratuity has been made in the accounts.

4. Disclosure under Micro. Small and Medium Enterprises Development Act, 2006

Interest paid to Micro & Small Enterprises as defined under the Micro, Small & Medium Enterprises Development Act, 2006 (MS & MED) during the year on account of delayed payment of their dues is Nil. Also, there are outstanding in excess of Rs. 1.00 lakhs as on March 31. 2010 payable to Micro and Small Enterprises as defined above.

5. Value of Imports on CIF basis : Nil (Previous Year: Nil)

6. Expenditure in Foreign Currency : Nil (Previous year: Nil)

7. Earnings in Foreign Currency: Nil (Previous Year: Nil)

9. Management Renumeration

a. managing Director/ Whole Time Director

In the absence of sufficient profit, the above remuneration paid is the minimum Remuneration paid to the Managing Director/Whole-time director as per Scchedule XIII to the Companies Act, 1956.

b. Sitting Fess to Other Directors Rs. 16,000 Rs. 16,000

8. Capacity Utilisation, Production, consumption of raw materials etc.:

I. Manufactured Goods

a Installed capacity Not Applicable Not Applicable

b. Utilized Capacity Not Applicable Not Applicable

9. Segment reporting the company operated in only one segement during the year, namely, trading of goods.

10. Current Year figures represents the consolidated accounts of both Amalgamating and Amalgamated companies as against the stand all one accounts of the Amalgamated Company in the previous year and hence the same are not comparable.

11. Previous Year figures have been regrouped and/or reclassified wherever necessary to conform to the current year classification.

12. Figures have been rounded off to the nearest Rupee.

 
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