Mar 31, 2014
Not Available.
Mar 31, 2013
1.1 As per Accounting Standard 15 "Employee benefits", the disclosures
as defined in the AS are given belov Defined Contribution Plans
Contribution to Defined Contribution Plans, recognised as expense for
the year is Nil (Previous year Nil)
2 RELATED PARTY DISCLOSURES:
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below: 16.1 List of related parties where
control exists and related parties with whom transactions have takien
palce and relationships:
2.2 Transactions during the year with related parties Nil (Previous
year Nil)
3 As per Accounting Standard (AS) 17 on "Segment Reporting": as there
is no particular operational activity, segment wise performance is not
applicable.
4 CONTINTENT LIABILITIES & COMMITMENTS
Claims against the company / disputed liabilities not acknowledged as
The Company has received a suo moto notice under KTEG Act from
Commissioner of Commercial Taxes, Bangalore, in respect of assessment
year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and
machinery which were bought by the company during the AY 92-93. However
Company has filed objections/application to rectify the order which is
due consideration with the said authority
Mar 31, 2012
1 RELATED PARTY DISCLOSURES:
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below: 16.1 List of related parties where
control exists and related parties with whom transactions have takien
palce and relationships:
1.1 Transactions during the year with related parties Nil (Previous
year Nil)
2 As per Accounting Standard (AS) 17 on "Segment Reporting": as there
is no particular operational activity, segment wise performance is not
applicable,
3 CONTINTENT LIABILITIES & COMMITMENTS
Claims against the company / disputed liabilities not acknowledged as
debts Rs. in lacs
3.91 3.91
TOTAL 3.91 3.91
The Company has received a suo moto notice under KTEG Act from
Commissioner of Commercial Taxes, Bangalore, in respect of assessment
year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and
machinery which were bought by the company during the AY 92-93. However
Company has filed objections/application to rectify the order which is
d ue consideration with the said authority
Mar 31, 2011
1. Pursuant to approval of the members through postal ballot on
30.10.2008, the Company has amended the main objects of the Company
accordingly Company has stopped the spinning activity from 31.12.2008.
2. Contingent Liabilities:
The Company has received a suo moto notice under KTEG Act from
Commissioner of Commercial Taxes, Bangalore, in respect of assessment
year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and
machinery which were bought by the company during the AY 92-93. However
Company has filed objections/application to rectify the order which is
due consideration with the said authority
3. The Company has not yet appointed Company Secretary in terms of
section 383A of the Companies Act of 1956.
4. Sundry Creditors, Debtors, Deposits, Loans & Advances recoverable
on cash or in kind are subject to confirmation.
5. The company has been accounting gratuity on cash basis instead of
accrual basis to maintain consistency in accounting method followed by
the Company. During the year an amount of Rs.Nil (Previous year
Rs.84,400/-) has been made towards Gratuity settlement.
6. Previous figures have been re-grouped and/or re-classified wherever
necessary in order to be in conformity with current years presentation.
7. As the Company has no taxable income for the A.Y. 2011-2012, no tax
provision is made. Taking into account the consideration of prudence,
no asset or liability is anticipated on account of deferred tax.
8. AS-18: Related Party Transactions
Name of the related parties and description of the related parties:
Sri S. Vishwanath Executive Director
Sri S. Rajasekharappa Executive Director
Sri S. Chandrashekar Non Executive Director
M/s.. Chitradurga Sunflower The company in which the
Oil Complex (P) Ltd., the relatives of key management
personnel's are interested
Transactions during the year:NIL
9. Figures have been rounded off to the nearest rupees value.
Mar 31, 2010
1. Contingent Liabilities:
The Company has received a suo moto notice under KTEG Act from
Commissioner of Commercial Taxes, Bangalore, in respect of assessment
year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and
machinery which company has bought during the AY 92-93. However Company
has filed objections/application to rectify the order which is due
consideration with the said authority
2. The Company has not yet appointed Company Secretary in terms of
section 383A of the Companies Act of 1956.
3. Sundry Creditors, Debtors, Deposits, Loans & Advances recoverable
on cash or in kind are subject to confirmation.
4. The company has been accounting gratuity on cash basis instead of
accrual basis to maintain consistency in accounting method followed by
the Company. During the year an amount of Rs.84,400/- (Previous year
Rs.82,,774/-) has been made towards Gratuity settlement.
5. Previous figures have been re-grouped and/or re-classified wherever
necessary in order to be in conformity with current years presentation.
6. As the Company has no taxable income for the A.Y. 2010-2011, no
tax provision is made. Taking into account the consideration of
prudence, no asset or liability is anticipated on account of deferred
tax.
7. AS-18: Related Party Transactions
Name of the related parties and description of the related parties:
Sri S. Vishwanath Executive Director
Sri S. Rajasekharappa Executive Director
Sri S. Chandrashekar Non Executive Director
M/s.Chitradurga Sunflower
Oil Complex Ltd. The Company in which the
relatives of key management
personnels are interested
Transactions during the year
Nature of Relationship Nature of Transaction Amount in lacs
The Company in which the
relatives of key management Loan recovered 40.00
personnels are interested.
8. AS-20 : Earning Per Share
a. Loss for the year Rs.89.74 lacs
b. Shares outstanding 4610300 shares
c. Basic & Diluted EPS Rs. (1.95) per share
9. Figures have been rounded off to the nearest rupees value.