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Notes to Accounts of Autumn Builders Ltd.

Mar 31, 2015

1.1. Preliminary expenses are amortized over a period of five years.

1.2. Previous year's figure are re-grouped or rearranged wherever necessary.

1.3. The Provision regarding additional information as required under Para 4C and 4D of Part II of schedule III to the Companies Act are not applicable.

1.4. In the opinion of the management and to the best of their knowledge and belief the value of the realization of current assets, loans & advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provisions for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

1.5. Earning Per Share (EPS1:

The Earnings considered in ascertaining the Company's EPS comprises the net profit (loss) and includes the post tax effect of any extraordinary items. The number of shares used in computing Basic EPS is weighted average number of shares outstanding during the year.

1.6. Additional information pursuant to the provision contained vides part II of the schedule III of the Companies Act. 2013.

I. Earning in foreign Exchange : NIL

II. Expenditure in Foreign Currency : NIL

III. Opening stock Purchase, Sales and Closing Stock: Not Applicable.

1.7. Managerial Remuneration to Directors during the year is NIL.

1.9. Taxation:

(a) Provision for current year tax is determined on the basis of provisions on Income Tax Act, 1961.

1.9. Revenue recognition:

Revenue is recognized on transfer of significant risk and reward in respect of ownership.


Mar 31, 2014

1.1. Preliminary expenses are amortized over a period of five years.

1.2. Previous year''s figure are re-grouped or rearranged or rounded-off wherever necessary.

1.3. The Provision regarding additional information as required under Para 4C and 4D of Part II of schedule VI to the Companies Act are not applicable.

1.4. In the opinion of the management and to the best of their knowledge and belief the value of the realization of current assets, loans & advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provisions for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

1.5. Earnings Per Share (EPS):

The Basic as well as Diluted EPS of the company is 0.03.

The Earnings considered in ascertaining the Company’s EPS comprises the net profit (loss) and includes the post tax effect of any extraordinary items. The number of shares used in computing Basic EPS is weighted average number of shares outstanding during the year.

1.6. As per AS-18 issued by The Institute of Chartered Accountants of India, the disclosures of transaction with related parties: NIL.

1.7. Additional information pursuant to the provision contained vides part II of the schedule VI of the Companies Act. 1956.

I. Earning in foreign Exchange : NIL

II. Expenditure in Foreign Currency : NIL

1.8. Taxation:

(a) Provision for current year tax is determined on the basis of provisions on Income Tax Act, 1961.

(b) Deferred tax is recognized in accordance with ''Accounting Standard-22'' Accounting for Taxes on Income issued by the Institute of chartered accountants of India, subject to the consideration of prudence in respect of deferred tax liability, on timing differences, being the difference between taxable incomes and accounting incomes that originate in one year and capable of reversal in one or more subsequent year, and prior period.

1.9. Revenue recognition:

Revenue is recognized on transfer of significant risk and reward in respect of ownership.


Mar 31, 2013

Not Available


Mar 31, 2012

A) No provision has been made in respect of Gratuity liability in the accounts.

b) The Company has no Contingent Liabilities as on the Balance Sheet date.

c) The Company have no Creditors is covered under the MSME Development Act 2006 As a result no interest provision / has been made by the Company to such creditors and no disclosure thereof are made in these financial statement.

d) Transaction in Foreign Currency- Current year -Nil, Previous year- Nil

e) The revised Schedule Vi has became effective from 1st April,2011 for the preparation of Financial Statements. This has significantly impact the disclosure and presentation made in the Financial Statements. Previous year''s figures have been regrouped or reclassifies wherever necessary to the correspond with the current year classification disclosure.

f) Terms & Rights attached to equity shares

The Company has only one class of Equity Shares having a per value of Rs.10/-share. All these shares have same right with respect to payment of Dividend, repayment of Capital and voting. In event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2011

1 There is no. undisputed amount payable to SSI units as on 31.3.2011

2 Previous Year figures have been rearranged/regrouped, wherever considered necessary.

3 Additional information required under Part IV of Schedule VI to the Companies Act,1956 as Annexure-1.


Mar 31, 2010

1 There is no undisputed amount payable to SSI units as on 31.3.2010

2 Previous Year figures have been rearranged/regrouped, wherever considered necessary.

3 Additional information required under Part IV of Schedule VI to the Companies Act,1956 is annexed as Annexure -1.

 
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