Mar 31, 2015
1. Decorous Investment & Trading Co. Limited ("the Company") was
incorporated on November 22, 1982 to Invest in properties, debentures,
securities, and to do the business of promoters, investment consultants
etc. Certificate of Commencement of Business was issued on December
15,1982.
2. At the meeting of Board & Shareholders held on 23rd Day of August,
2014 & 29th day of September, 2014 respectively. MOA& AOA were amended
and Certificate of Registration of the Special Resolution Confirming
Alteration of Object Clause(s) dated 17.11.2014 received from ROC and
the company is now carrying on the principal business of Gems &
Jewellery, Bullion, etc.
3. The company has one class of equity shares having a par value of Rs.
10/- per share. Each shareholder is eligible for one vote per share
held. In the event of liquidation, the equity shareholders shall be
eligible to receive any of the remaining assets of the Company after
distribution of all preferential amounts, in proportion to their
shareholding. The amount distributed will be in proportion to the
number of equity shares held by the shareholders.
4. Related Party Disclosures
a) Name of the Related Parties: Key Management Personnel
1. Sh. P.N. Baidya - Director
2. Sh. Raj Kumar Gupta-WTD& CFO
3. Smt Lalita Mittal - Director
4. Sh. Pankaj Aggarwal - Director
5. Sh. Amit Gupta - Director
6. Sh. Mohit Kumar - CS
Enterprises over which Key Management Personnel / Shareholders/
Relatives have significant influence
b) Transactions with Related Parties
Nature of Transaction Key Management Enterprises over which Key
Personnel Management Personnel/
Shareholders/
Relatives have significant
influence
Loan/Advances received - -
Loan/Advances repaid - -
Balance outstanding as at - -
year end
5. Quantitative Details & Business
The Company is carrying on the principal business of Gems & Jewellery
and sale & purchase of Bullion, Commodities, etc,.
6. Earning Per Share
Basic earning per share is calculated by dividing the net profit / loss
for the year attributable to equity Shareholders by weighted average
number of equity shares outstanding during the year.
For calculating diluted earning per share, the net profit/loss for the
year attributable to equity shareholders and the weighted average
number of shares outstanding during the year are adjusted for the
effects of all diluted potential equity shares.
7. Post Balance Sheet Events
Material events occurring after the Balance Sheet are taken into
cognizance/ consideration.
8. Loans & Advances
In the opinion of the Board all the Current Assets, Loans & Advances
have a value on realization in ordinary course of business at least
equal to the amount at which these are stated.
9. Segment Reporting
Income of company are primarily from Gems & Jewellery business and also
from purchase & sale of bullion commodities, etc.
10. Previous year's figures
Previous years figures have been regrouped / rearranged / reclassified
wherever necessary to correspond with the current year classification /
disclosures.
Mar 31, 2014
1. Decorous Investment & Trading Co. Limited ( "the Company") was
incorporated on November 22, 1982 to Invest in shares, stock,
debentures, securities, properties and to do the business of promoters,
investment consultants etc. Certificate of Commencement of Business
was issued on December 15, 1982.
2. The company has one class of equity shares having a par value of Rs.
10/- per share. Each shareholder is eligible for one vote per share
held. In the event of liquidation, the equity shareholders shall be
eligible to receive any of the remaining assets of the Company after
distribution of all preferential amounts, in proportion to their
shareholding. The amount distributed will be in proportion to the
number of equity shares held by the shareholders.
3. Related Party Disclosures
a) Name of the Related Parties :
Key Management Personnel :
1. Sh. P.N. Baidya - Director
2. Sh. N. N. Prasad - Director
3. Sh. D S Bhandari - Director
4. Sh. Raj Kumar Gupta - Director
Enterprises over which Key Management Personnel/Shareholders/Relatives
have significant influence
1. Buckingham Ind. Ltd.
2. P R Holdings Ltd.
3. Jacks Aviation P. Ltd.
4. Dune Leasing & Finance Ltd.
5. A C E C India Pvt. Ltd.
4. Earning Per Share
Basic earning per share is calculated by dividing the net profit / loss
for the year attributable to equity Shareholders by weighted average
number of equity shares outstanding during the year.
For calculating diluted earning per share, the net profit/loss for the
year attributable to equity shareholders and the weighted average
number of shares outstanding during the year are adjusted for the
effects of all diluted potential equity shares.
5. Post Balance Sheet Events
Material events occurring after the Balance Sheet are taken into
cognizance.
6. Loans & Advances
In the opinion of the Board all the Current Assets, Loans & Advances
have a value on realization in ordinary course of business at least
equal to the amount at which these are stated except stock of
sharesdebentures.
Certain loans/unsecured loans has been considered as Advances against
shares to be purchased/sold.
7. Segment Reporting
Income of company are primarily from financing and investing
activities. There are no other reportable segment.
8. Previous year figures
Previous year figures have been regrouped / reclassified wherever
necessary to correspond with the current year
classification/disclosure.
Mar 31, 2013
1. Decorous Investment & Trading Co. Limited ( "the Company") was
incorporated on November 22,1982 to Invest in shares, stock,
debentures, securities, properties and to do the business of promoters,
investment consultants etc. Certificate of Commencement of Business was
issued on December 15, 1982.
2. Related Party Disclosure
a) Name of the Related Parties :
Key Management Personnel
1. Sh. P.N. Baidya-Director
2. Sh. N. N. Prasad-Director
3. Sh. D S Bhandari- Director
Enterprises over which Key Management Personnel / Shareholders/
Relatives have significant influence
1. Buckingham Ind. Ltd
2. Duncan MAcneill Const. & Dev. Ltd
3. P R Holdings Ltd
4. Jacks Aviation P Ltd
5. Dune Leasing & Finance Ltd
6. William lacks & Co India Ltd
7. A C E C India Pvt. Ltd.
3. Earning Per Share
Basic earning per share is calculated by dividing the net profit / loss
for the year attributable to equity Shareholders by weighted average
number of equity shares outstanding during the year.
For calculating diluted earning per share, the net profit/loss for the
year attributable to equity shareholders and the weighted average
number of shares outstanding during the year are adjusted for the
effects of all diluted potential equity shares.
4. Post Balance Sheet Events
Material events occurnng after the Balance Sheet are taken into
cognizance.
5. Loans & Advances
In the opinion of the Board all the Current Assets, Loans & Advances
have a value on realization in ordinary course of business at least
equal to the amount at which these are stated except stock of
sharesdebentures.
Certain loans/unsecured loans has been considered as Advances against
shares to be purchased/sold.
6. Segment Reporting
There is no reportable income segment.
7. Previous year figures
Previous year figures have been regrouped / reclassified wherever
necessary to correspond with the current year classification /
disclosure.
Mar 31, 2012
1. Decorous Investment & Trading Co. Limited ( "the Company") was
incorporated on November 22, 1982 to Invest in shares, stock,
debentures, securities, properties and to do the business of promoters,
investment consultants etc. Certificate of Commencement of Business was
issued on December 15,1982.
2. Related Party Disclosure
a) Name of the Related Parties :
Key Management Personnel
1. Sh. P.N. Baidya-Director
2. Sh. N. N. Prasad-Director
3. Sh. D S Bhandari- Director
Enterprises over which Key Management Personnel / Shareholders/
Relatives have significant influence
1. Buckingham Ind. Ltd
2. Duncan MAcneill Const. & Dev. Ltd
3. P R Holdings Ltd
4. Jacks Aviation P Ltd
5. Dune Leasing & Finance Ltd
6. William Jacks & Co India Ltd
7. A C E C India Pvt. Ltd.
3. Earning Per Share
Basic earning per share is calculated by dividing the net profit / loss
for the year attributable to equity Shareholders by weighted average
number of equity shares outstanding during the year.
For calculating diluted earning per share, the net profit/loss for the
year attributable to equity shareholders and the weighted average number
of shares outstanding during the year are adjusted for the effects of
all diluted potential equity shares.
4. Post Balance Sheet Events
Material events occurring after the Balance Sheet are taken into
cognizance.
5. Loans & Advances
In the opinion of the Board all the Current Assets, Loans & Advances
have a value on realization in ordinary course of business at least
equal to the amount at which these are stated except stock of
sharesdebentures.
Certain loans/unsecured loans has been considered as Advances against
shares to be purchased/sold.
6. Segment Reporting
There is no reportable income segment.
7. Previous year figures
The financial statements for the year ended March 31, 2011 had been
prepared as per then applicable pre- revised Schedule VI to the
Companies Act, 1956. Consequent to the notification of Revised Schedule
VI under the Companies Act, 1956, the financial statements for the year
ended march 31, 2012 are prpared as per Revised Schedule VI.
Accordingly, the Previous year figures have also been reclassified to
conform to this year s classifiction. the adoption of revised Schedule
VI for the previous year does not impact recognition and measurement
principles followed for the preparation of financial statements.