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Notes to Accounts of Atlas Jewellery India Ltd.

Mar 31, 2016

1. Contingent Liabilities: The Company has no Contingent Liabilities.

2. Followings are the employees of the company was in receipt of a remuneration exceeding Rs.24,00,000/- per annum or Rs.2,00,000/-per month, if employed for part of the year.

3. In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

4. Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

5. The company had made export sales of New Plain Gold Jewellery 22CT (916 Fineness) to Satwa Precious Metal and Bullion Trading (FZE) in FY 2014-15 but the company has not received the realization of the export and the balance appearing on 31.03.2016 of Rs. - 1,37,80,45,706.93 is still pending for realization. As per RBI Guideline, the time of realization of export proceeds has already been passed and company has demanded the extension from RBI for the realization of the export proceeds but no extension has been granted till 31.03.2016 by RBI.

6. The company has booked of Rs 2,09,26,137 as loss due to termination of lease agreement from a leased property in Chennai. The details of the above mentioned loss are as under:

7. The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts. This expense is recognized on payment basis.

8. In pursuant to Accounting Standards (A-18) "Related Party Disclosures" that the Company has not make any transactions with the zany its related party during the year.

9. Managerial Remuneration to Managing Director Provided/ Paid - Rs 31,06,016.00

10. Payment/ Remuneration to Auditors:-


Mar 31, 2015

1. Contingent Liabilities: The Company has no Contingent Liabilities.

2. In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

3. Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

4. The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts.

5. In pursuant to Accounting Standards (A-18) "Related Party Disclosures" that the Company has make transactions with the related party during the year.

6. Managerial Remuneration to Managing Director Provided/ Paid - Rs 5,31,339.00

7. Previous Year's figures have been re-grouped/re-arranged wherever necessary to render them comparable with the current year's figures.


Mar 31, 2014

1. Contingent Liabilities: The Company has no Contingent Liabilities.

2. None of the employees of the company was in receipt of a remuneration exceeding Rs.24,00,000/- per annum or Rs.2,00,000/- per month, if employed for part of the year.

3. In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

4. Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

5. The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts.

6. Managerial Remuneration Provided/ Paid - Rs Nil

7. Previous Year''s figures have been re-grouped/re-arranged wherever necessary to render them comparable with the current year''s figures.


Mar 31, 2013

1. Contingent Liabilities: The Company has no Contingent Liabilities.

2. None of the employees of the company was in receipt of a remuneration exceeding Rs.24,00,000/- per annum or Rs.2,00,000/- per month, if employed for part of the year.

3. In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

4. Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

5. The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts.

6. In pursuant to Accounting Standards (A-18) "Related Party Disclosures" that the Company has make transactions with the related party during the year.

7. CIF/ Expenditure in Foreign Currency — Nil ( PY Nil) Earning in Foreign Currency — Nil ( PY Nil)

8. Earnings per share

Net Profit (After Tax) Rs (3,15,276.31)

No. of Shares 4205200

Basic/ Diluted EPS (0.07)

9. Previous Year''s figures have been re-grouped/re-arranged wherever necessary to render them comparable with the current year''s figures.


Mar 31, 2012

1. Contingent Liabilities

The Company has no Contingent Liabilities.

2. None of the employees of the company was in receipt of a remuneration exceeding Rs.24,00,000/- per annum or Rs.2,00,000/- per month, if employed for part of the year.

3. In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

4. Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

5. The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts.

6. The Company has prepared Financial statement as per Revised Schedule VI, and accordingly previous Year's figures have been re-grouped/re-arranged wherever necessary to render them comparable with the current year's figures.


Mar 31, 2010

1) Contingent Liabilities

The Company has no Contingent Liabilities.

2) None of the employees of the company was in receipt of a remuneration exceeding Rs.24,00,000/ - per annum or Rs.2,00,000/- per month, if employed for part of the year.

3) In the opinion of management current assets, loans and advances have a value on realization at least equal to the amounts at which these are stated in the balance sheet. Provisions for all liabilities are adequate and neither short nor excess of the amount considered reasonable.

4) Balances of Sundry Debtors, Sundry Creditors, Bank Balance and Loans & advances are subject to confirmation.

5) The company has not made any provision for the listing fees payable to the various stock exchanges in the books of accounts.

6) Managerial Remuneration Provided/ Paid - Rs Nil

7) CIF/ Expenditure in Foreign Currency — Nil ( PY Nil) Earning in Foreign Currency — Nil ( PY Nil)

8) Previous year figures have been rearranged and regrouped wherever considered necessary.

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