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Notes to Accounts of Covidh Technologies Ltd.

Mar 31, 2015

1. Contingent Liabilities and Commitments - NIL-

2. Related Party Transactions

a) List of Related Parties

Subsidiary Companies Netocol Systems and Solutions Pvt Ltd

Associates Companies controlled Akshara Infracon India Pvt Ltd by key management personnel / relatives who are substantially interested

Key managerial personnel Mr. A Prabhakara Rao A

Mr. Suresh Babu G

Mr. Venkateshwar Reddy Parne

Ms. Laveena Panjwani

3. Value of Imports and Exports - NIL

4. Balances under Trade Receivable, Trade Payables, are subjected to confirmation and reconciliation from respective parties.

5. Segment Reporting

There are no separate reportable segments (business and/or geographical) in accordance with the requirements of Accounting Standard 17 - 'Segment Reporting' issued by the Institute of Chartered Accountants of India.

6. Previous year figures have been regrouped wherever if thought necessary in conformity with the current year groupings. Paise have been rounded off to the nearest rupee. Notes on financial statements, Cash Flow Statement and statement on accounting policies form an integral part of the balance sheet and profit and loss statement.


Mar 31, 2014

All amounts in the financial statements are presented in Rupees and as otherwise stated

1. Contingent Liabilities : Nil

2. Dues to micro and small-scale industrial undertakings

As at March 31, 2014 as per available information with the company, there are no dues to small scale Industrial Undertakings.

3. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

4. Directors Remuneration: Rs. 6,00,000/-(Last Year: 9,60,000/-)

5. Segment reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

6. Auditors remuneration: Rs.3,00,000/-(Last Year: Rs.56,180/-)

7. Confirmation of balances has not been received from some of the Creditors, Debt- ors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

8. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

9. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

10. Financial figures have been rounded off to nearest rupee.

Note 2.14.1 to 2.14.14 form part of Balance Sheet and Profit and Loss account have been authenticated.


Mar 31, 2013

All amounts in the financial statements are presented in Rupees and as otherwise stated.

1. Contingent Liabilities : Nil

2. Foreign Exchange earned and outgo Earnings:

FOB Value of Exports : Nil

Out Go:

CIF Value of Capital Goods : Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2013 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

5. Directors Remuneration: Rs. 9,60,000/-(Last Year: 4,80,000/-)

6. Segment reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration: Rs.56,180/-(Last Year: Rs.50000/-)

8. Taxes

9. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

10. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

11. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

12. Financial figures have been rounded off to nearest rupee.


Mar 31, 2012

Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

In the 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

All amounts in the financial statements are presented in Rupees and as otherwise stated.

1. Contingent Liabilities : Nil

2. Foreign Exchange earned and outgo Earnings:

FOB Value of Exports : Rs. Nil

Out Go:

CIF Value of Capital Goods : Rs. Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2012 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

5. Directors Remuneration : Rs. 4,80,000/-(Last Year: 4,80,000/-)

6. Segmental reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration : Rs.50,000/-(Last Year: Rs.25000/-)

8. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

9. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

10. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

11. Financial figures have been rounded off to nearest rupee.

Notes 1 to 12 form part of Balance Sheet and Profit and Loss account have been authenticated.


Mar 31, 2011

All amounts in the financial statements are presented in Rupees and as otherwise stated.

1. Contingent Liabilities : Nil

2. Foreign Exchange earned and outgo

Earnings:

FOB Value of Exports : Nil

Out Go:

CIF Value of Capital Goods : Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2011 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

5. Directors Remuneration: Rs. 4,80,000/-(Last Year: 3,60,000/-)

6. Segmental reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration : Rs.25,000/-(Last Year: Rs.25000/-)

8. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

9. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

10. Financial figures have been rounded off to nearest rupee.

Schedules 1 to 12 form part of Balance Sheet and Profit and Loss account have been authenticated.


Mar 31, 2010

All amounts in the financial statements are presented in Rupees and as otherwise stated.

1. Contingent Liabilities : Nil

2. Foreign Exchange earned and outgo Earnings:

FOB Value of Exports : Nil

Out Go:

CIF Value of Capital Goods : Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2010 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

5. Directors Remuneration: Rs.3,60,000/- (Last Year:Rs.2,40,000/-)

6. Segmental reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration :Rs.25,000/-(Last Year: Rs.25000/-)

8. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

9. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

10. Financial figures have been rounded off to nearest rupee.

Schedules 1 to 12 form part of Balance Sheet and Profit and Loss account have been authenticated.


Mar 31, 2009

All amounts in the financial statements are presented in Rupees and as otherwise stated.

1. Contingent Liabilities : Nil

2. Foreign Exchange earned and outgo Earnings:

FOB Value of Exports : Nil

Out Go:

CIF Value of Capital Goods : Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2009 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Buildings were not registered in the name of the company and hence the same was shown under capital work under progress.

5. Directors Remuneration: Rs.2,40,000/- (Last Year: Nil)

6. Segmental reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration :Rs.25,000/-(Last Year: Rs.15000/-)

8. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

9. The previous year figures have been recast / restated, wherever necessary, to the current year''s classification.

10. Financial figures have been rounded off to nearest rupee.

Schedules 1 to 12 form part of Balance Sheet and Profit and Loss account have been authenticated.

 
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