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

Notes to Accounts of Dhanlaxmi Cotex Ltd.

Mar 31, 2014

A. The break up of net Deferred Tax Liability / Assets on 31st March, 2014 is under.

(Rs. In Lakhs)

Deferred Tax Liability as on 01.04.2013 6.69

Less : Deferred Tax Assets for the year 0.08

(Difference between book & tax depreciation)

Net Deferred Tax Liability 6.61

The Deferred Tax balances have arisen principally on account of the timing difference between the depreciation adjusted in account. Though adjustment has been made in term of Accounting Standard 22, having regard to the Normal Capital Expenditure which the Company is expected to continue to make in likely to materialize on account thereof.

2. Figures pertaining to previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

3. Related Party Disclosures as required by the Accounting Standard 18 "Related Party Disclosures" are given below.

a. List of related parties with whom the company entered in to transactions during the year in the Ordinary Course of Business.

# Associate Companies.

1. M R Share Broking Pvt. Ltd.

2. V R M Share Broking Pvt. Ltd.

# Key Management Personnels and Relatives

1. Ramautar S. Jhawar

2. Mahesh S. Jhawar

b. Transaction with related parties.

4. The Companies main business segment is Investment & Trading in equities which constitutes more than 90% of its turnover and the only geographical segment is India. Consequently the need for separate disclosure as required under Accounting Standared 17 "Segment Reporting" is not considered relevant.

5. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Devlopment Act, 2006 could not be furnished as none of the suppliers of the Company have provided the details of their registration under the said Act.

6. As stipulated in AS-28, the Company assessed potetial generation of economic benefits from its business units and is of the view that the assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business, there is no indication to the Contrary and accordingly the management is of the view that no impairment provision is called for in these account.

7. The Company has returned leased office premises to Sohanlal Jhawar Family Trust and using for office purpose premises owned by the promoter.

8. Additional information pursuant to the provisions of part IV of schedule VI of the Companies Act,1956.


Mar 31, 2013

1. Figures pertaining to previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

2. Related Party Disclosures as required by the Accounting Standard 18 "Related Party Disclosures" are given below.

a. List of related parties with whom the company entered in to transactions during the year in the Ordinary Course of Business.

# Associate Companies.

1. Sohanlal Jhawar Family Trust

2. MR Share Broking Pvt. Ltd.

3. V R M Share Broking Pvt. Ltd.

# Key Management Personnels and Relatives

1. Ramautar S. Jhawar

2. Mahesh S. Jhawar

b. Transaction with related parties.


Mar 31, 2012

1. Figures pertaining to previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

2. Related Party Disclosures as required by the Accounting Standard 18 "Related Party Disclosures" are given below.

a. List of related parties with whom the company entered in to transactions during the year in the Ordinary Course of Business.

# Associate Companies.

1. Sohanlal Jhawar Family Trust

2. MR Share Broking Pvt. Ltd.

3. V R M Share Broking Pvt. Ltd.

# Key Management Personnels and Relatives ;

1. Ramautar S. Jhawar

2. Mahesh S. Jhawar

3. The Companies main business segment is Investment & Trading in equities which constitutes more than 90% of its turnover and the only geographical segment is India. Consequently the need for separate disclosure as required under Accounting Standared 17 "Segment Reporting" is not considered relevant.

4. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Devlopment Act, 2006 could not be furnished as none of the suppliers of the Company have provided the details of their registration under the said Act.

5. As stipulated in AS-28, the Company assessed potetial generation of economic benefits from its business units and is of the view that the assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business, there is no indication to the Contrary and accordingly the management is of the view that no impairment provision is called for in these account.

6. The Company has taken office premises on lease from Sohanlal Jhawar Family Trust @ Rs.1000/-p.m. at a lease rent and interest free deposit of Rs.300000/-.

7. Additional information pursuant to the provisions of part IV of schedule VI of the Companies Act, 1956.


Mar 31, 2010

A. The Company has adopted Accounting Standard-22 " Accounting for taxes on Income" with effect from 1st April 2001.

During the current year the Company has a Deferred Tax Assets due to higher depreciation adjusted as per the Companies Act, 1956 compared to depreciation admissible as per the Income Tax Act, 1961 which is credited to the Profit & Loss Account of the current year.

1. Figures pertaining to previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

2. Related Party Disclosures as required by the Accounting Standard 18 "Related Party Disclosures" are given below.

a. List of related parties with whom the company entered in to transactions during the year in the Ordinary Course of Business.

# Associate Companies.

1. Sohanlal Jhawar Family Trust

2. MR Share Broking Pvt. Ltd.

3. VRMShare Broking Pvt. Ltd.

# Key Management Personnels and Relatives

1. Ramautar S. Jhawar

2. Mahesh S. Jhawar

b. Transaction with related parties.

3. The Companies main business segment is Investment & Trading in equities which constitutes more than 90% of its turnover and the only geographical segment is India. Consequently the need for separate disclosure as required under Accounting Standared 17 "Segment Reporting is not considered relevant.

4. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Devlopment Act, 2006 could not be furnished as none of the suppliers of the Company have provided the details of their registration under the said Act.

5. As stipulated in AS-28, the Company assessed potetial generation of economic benefits from its business units and is of the view that the assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business, there is no indication to the Contrary and accordingly the management is of the view that no impairment provision is called for in these account.

6. The Company has taken office premises on lease from Sohanlal Jhawar Family Trust @ Rs.1000/-p.m. at a lease rent and interest free deposit of Rs.300000/-.

7. Additional information pursuant to the provisions of part IV of schedule VI of the Companies Act, 1956 as per annexure 1.

 
Subscribe now to get personal finance updates in your inbox!