Mar 31, 2015
A) Terms / Right Attached to Equity Shares
Equity Shares
In the event of liquidation of the company, the holder of equity shares
will be entitled to receive any of the remaining assets of the company,
after distribution of all preferential amounts. However, no such
preferential amounts exist currently. The distribution will be in the
number of equity shares held by the shareholders at the time of
liquidation
b) Details of Shareholders holding more than 5% share in the company
Equity Shares Fully Paid at Rs. 1/- each
1. Previous year figures have been regrouped, reworked, rearranged and
reclassified whenever necessary.
As At 31st As At 31st
March, 2015 March. 2014
2. Contingent Liabilities
Claims against the Company not
acknowledge as debts
Income tax matters 31,34,370 NIL
- It is not practicable for the
Company to estimate the timings of
cash outflow, if any, in respect of
the above pending resolution of the
respective proceedings as it is
determinable only on receipt of
decision pending with various
authorities.
3. Estimated amount of contract
remaining to be executed on
Capital Account and not provided
for the year NIL NIL
4. Amount Outstanding to SSI Units NIL NIL
5. Payments to Auditors:-
(i) Audit Fees 25000 25000
6. Segment Reporting:-
The Company has been operating significantly in a single segment.
7. There are no delays in payments to Micro, Small and Medium
Enterprises as required to be disclosed under "The Micro, Small and
Medium Enterprises Development Act, 2006."
8. Related Party Disclosure as per AS 18 (As identified by the
Management): (i) Related Party Relationship
(a) Where Control Existed NIL
(b) Key Management Personnel 1) Manoj Jain
2) A.R. Coutinho
(c) Relatives of Key Management Personnel 1) Yashu Jain
2) Manish Jain
9. Loans and Advances (annexure 1):
The company has not complied with the provisions of section 186 of the
Companies Act, 2013 by granting Loans to various parties amounting to
more than the limit prescribed under the section 186 (2) without
passing special resolution in General Meeting as required u/s 186(3).
Mar 31, 2014
1. Previous year figures have been regrouped, reworked, rearranged and
reclassified whenever necessary.
As At 31st As At 31st
March, 2014 March, 2013
2. Contingent Liabilities NIL NIL
3. Estimated amount of contract
remaining to be executed on
Capital Account and not provided for
the year NIL NIL
4. Amount Outstanding to SSI Units NIL NIL
5. Payments to Auditors:-
(i) Audit Fees 25000 15000
(ii) Service Tax 3090 1854
28090 16854
6. Segment Reporting:-
The Company has been operating significantly in a single segment.
7. There are no delays in payments to Micro, Small and Medium
Enterprises as required to be disclosed under
"The Micro, Small and Medium Enterprises Development Act, 2006."
8. Related Party Disclosure as per AS 18 (As identified by the
Management):
(i) Related Party Relationship
(a) Where Control Existed NIL
(b) Key Management Personnel
1) Manoj Jain
2) A.R. Coutinho
3) Swati P Panchal
Mar 31, 2013
1. Previous year figures have been regrouped, reworked, rearranged and
reclassified whenever necessary.
As At 31st As At 31st
March. 2013 March. 2012
2. Contingent Liabilities NIL NIL
3. Segment Reporting:-
The Company has been operating significantly in a single segment.
4. There are no delays in payments to Micro, Small and Medium
Enterprises as required to be disclosed under ''The Micro, Small and
Medium Enterprises Development Act, 2006."
5. Related Party Disclosure as per AS 18 (As identified by the
Management}:
(i) Related Party Relationship
(a) Where Control Existed NIL
(b) Key Management Personnel 1) Shri Manoj Jain
2) Shri A.R. Coutinho
3) Shri Lalit Kumar Maroo
Mar 31, 2010
I) Previous Years figures have been regrouped or rearranged wherever
necessary to make them comparable with the figures of current year.
ii) In the opinion of the Board of Directors, the current assets, loans
and advances are approximately of the value stated if realised in the
ordinary course of business. In the opinion of the Board of directors,
the provisions for all the liabilities are adequate and not in excess
of the amounts considered reasonably necessary and there are no
contingent liabilities outstanding on the balance sheet date.
iii) There are no amounts due and outstanding to be credited to investor
education & protection fund as at 31st March, 2010
iv) Auditors remuneration & expenses charges to accounts:- Audit fees
Rs. 16545/-
v) The expenses incurred for the increase in the authorized capital
of the company during the year has been charged to expenses of the
year.
Mar 31, 2009
1. The company is engaged in Share Trading
2. Segment Reporting
The Company operates in the single business segment. Therefore, the
Company is of the opinion that the disclosure requirement of Accounting
Standards AS 17 issued by the Institute of Chartered Of India is not
applicable to the company.
3. Disclosure in respect to related parties to Accounting Standards AS
18 (i) There are no related parties
(ii) During the year under review no transaction were carried out with
the related party in the ordinary course of business.
4. Deferred Tax is not provided due to the uncertainty regarding the
extent to which the unabsorbed business losses would be available to
the Company for set off in the subsequent years profits.
5. Previous year figure wherever necessary have been regrouped,
recast, rearranged, to confirm with those of the current year.
6. Contingent liability not provided for: Nil