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Notes to Accounts of Decorous Investment & Trading Co. Ltd.

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.

 
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