Home  »  Company  »  Confidence Finance  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Confidence Finance and Trading Ltd.

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

 
Subscribe now to get personal finance updates in your inbox!