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Notes to Accounts of Best Steel Logistics Ltd.

Mar 31, 2015

Note 1- Related Party transaction

(a) List of Related Parties:

(i) Key Managerial Personnel:

Mr. Manoj Gupta

(ii) Relatives of Key Managerial Personnel : M/s Gran Overseas Limited

M/s Friend Land Developers M/s SVP Builders India Ltd

Note 2 - As at 31-3-2015 based on the information provided by the company had no outstanding dues to Micro, Small and Medium enterprises undertakings(previous year Nil)

Note 3- Significant accounting policies and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure

Notes :

1. Cash & Cash Equivalents represents Cash & Bank Balances and deposits with Banks as per Note 15

2. The Cash Flow Statement has been prepared under the "Indirect method " as set out in the Accounting Standard (AS -3), "Cash Flow Statement".

3. Figures in Brackets indicate cash outflow.


Mar 31, 2014

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per shar. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all perfential amount, in proportion of their shareholding

Note 1- Related Party Disclosure :

A. List of Rclntcd Parties:

(i) Key Managerial Personnel:

Mr. Manoj Gupta

(ii Relatives of Key Managerial Personnel : V1 S Gran Overseas Limited

Note 2 - Contingent Liabilities and Commitments NIL NIL

Note 2.1

As at 31-3-201-4 based on the information provided by the company had no outstanding dues to Micro Small and Medium enterprises undertakings (previous year Nil)

Note 3

Significant accounting policies and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure 1.

 
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