Mar 31, 2015
1- The above cash flow statement has been prepared under the "Indirect
Method" as sej out in the Accounting Standard -3 on Cash Flow Statement
issued by the Institute of Chartered Accountants of India.
2. Previous Year's figure have been regrouped, rearranged, wherever
necessary, to correspond with the current year's
classification/disclosure.
Notes:
a) The Company has only one class of equity shares having a par value
of Re. 1/- per share. Each holder of equity share is entitled to same
right based on the number of shares held.
U Based on information so far available with the Company, there are no
dues payable to MSME as defined in the Micro, Small and Medium
Enterprises Development Act,2006.
The major components of deferred tax assets/ liabilities, based on the
tax effect of the timing difference as at the year end. Deferred tax is
accounted using the tax rates and laws that are enacted or
substantively enacted as on the balance sheet date.
3. RELATED PARTY DISCLOSURES
i. List of Related Parties with whom transaction have taken place &
Relationship.
Name of the Related
Party Relationship
a. Manoj Himatsinghka Key Management Personnel
b. Rajkumar Mall Key Management Personnel
c. Madhumati Gawde Key Management
Personnel
iii. Balance outstanding at the year end in respect of related parties
is Rs. 100,00(y-(P.Y.Nil}
Notes:
1. The company do not anticipate any liability on account of counter
guarantees given to bank for various lesn facility availed by
associated concerns.
1 The company does not anticipate any liability except above on account
of pending income tax .
4. SEGMENT REPORTING
fc The Company is engaged solely in Trading activity segment and all
activities of the Company revolve around this business. As such there
are no other reportable segment as defined by Accounting Standard 17 on
"Segment Reporting" issued by the Institute of Chartered Accountants of
India.
5. DISCLOSURES REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL AND
MEDIUM ENTERPRISES
DEVELOPMENT ACT, 2006:
The company has no information as to whether any of its suppliers
constitute micro, small and medium enterprises as per Micro, Small &
Medium Enterprises Development Act, 2006 and therefore, the amount due
to such suppliers has not been identified.
6. EMPLOYEES BENEFIT PLANS:
The management is of the opinion that since none of the employees of
the company were in continuous service of more than five years,
requirement of provision for gratuity does not arises. The management
is also of the opinion that the provisions of payment of pension Act
are not applicable to the company.
Note: The company has not accounted deferred tax assets arising out of
business and other losses, since the company do not expect reasonably/
virtual certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized.
7. PREVIOUS YEAR FIGURES
Previous Year's figures have been regrouped/reclassified wherever
necessary to correspond with the current year's classification/
disclosures.
I. The Ballot Form should be completed and signed by the sole/first
named member.
In case of joint holding, this Form should be completed and signed by
the first named member and in his absence by the next named joint
holder. The signature of the member on this Ballot Form should be as
per the specimen signature registered with the Company or furnished by
Central Depository Services (India) Limited to the Company, in respect
of shares held in the physical form or dematerialized form,
respectively .
II. In case of shares held by Companies, trusts, societies, etc., the
duly completed Ballot Form should be accompanied by a certified true
copy of the Board Resolution/ Authorization together with attached
specimen signature(s) of the duly authorized signatories.
III. Member holding shares in dematerialized form are advised, in their
own interest, to get their signatures verified by their
Banker/Depository Participant (DP), Signatures should be verified by
the Manager of the concerned Bank/DP by affixing a rubber stamp/seal
mentioning name and address of the Bank/DP and name, stamp and
signature of the Manager. Rs,
IV. Member are requested not to send any other paper along with the
Ballot Form and any other paper found in the envelope, the same would
not be l considered and would be destroyed by the Scrutinizes
V. The votes should be cast in for or against the Resolution putting
the tick mark (V) in the column for assent or dissent. Ballot form
bearing (V) in both the column will render the form invalid.
Incomplete, unsigned, incorrectly filled Ballots will be subject to
rejection by the Scrutinizer.
VI. There will be one Ballot Form for every Folio/Client ID
irrespective of the number of the joint holders.
VII. The Ballot shall not be exercised by a Proxy.
VIII. Ballot Form - Votes will be considered invalid on the following
grounds:
(i) If the member's signature does not tally. (ii) If the member has
marked all his shares both in favor and also against the resolutions
(iii) If the Ballot paper is unsigned.
(iv)If the Ballot paper filled in pencil or signed in pencil. (v) If
the Ballot paper received torn or defaced or mutilated to an extent
that it is difficult for the Scrutinizer to identify either the member
or the number of votes or as to whether the votes are in favor or
against or if the signature could not be checked or one or more of the
above grounds. ,
IX. The Scrutinized decision on the validity of the
Ballot will be final. Address of Scrutinizer:
Mr. Arvind Baid -Scrutinizer, 401/A, Pearl Arcade, Opp. P. K.
Jewellers, Dawood Baug Lane, Off J. P. Road, Andheri (West), Mumbai -
400 058
Mar 31, 2014
Segment Reporting
The Company is engaged solely in Trading activity segment and all
activities of the Company revolve around this business. As such there
are no other reportable segment as defined by Accounting Standard 17 on
"Segment Reporting" issued by the Institute of Chartered Accountants of
India.
Mar 31, 2013
(1) Segment Reporting
The Company is engaged solely in investment activity during the year
and all activities of the Company revolve around this activity. As such
there are no reportable segment as defined by Accounting Standard 17 on
Segment Reporting issued by the Institute of Chartered Accountants of
India.
(2) Previous year figures
Previous Year''s figures have been regrouped/reclassified wherever
necessary to correspond with the current year''s
classification/disclosures.
Mar 31, 2012
1. Contingent Liabilities & Provisions :
The Company has received demand notice in respect of certain assessment
years on account of interest levy amounting to Rs. 2,70,076 (previous
year Rs.3,83,470/-) for which Company has preferred appeals.
(Provisions have been made for the same.)
2. The Company during the year earned Income from Infrastructure
activities, Previous Year has no income.
3. The Company does not owe any sum to Small Scale Industrial
Undertaking.
4. The company had no employee during the year and previous year.
5. The balance amount of Rs. 67,503/- recoverable from Killick Nixon
Ltd (Related Party) is as our books and subject to Reconciliation.
6. Previous Year's figures have been
regrouped/rearranged/reclassified wherever necessary.
Mar 31, 2010
1. Contingent Liabilities:
The Company had received demand notice in respect of certain assessment
years on account of interest levy amounting to Rs. 2,70,076 (previous
year Rs.270,076) for which Company has preferred appeals. No provision
has been made in the accounts.
The estimated amount of contract remaining to be executed on capital
account and not provided for Rs.NIL (previous year Rs.NIL)
2. The Company during the year no Income, Previous Year has only one
segment of income, from Stock Market stock derivative operations.
3. Amount of unpaid dividend of Rs. 6761/- for the year 1998-99 is yet
to be transferred to Investor Education and Protection Fund as required
under Section 205 A (5) of the Companies Act, 1956.
4. The Company does not owe any sum to Small Scale Industrial
Undertaking.
5. The company had no employee during the year and previous year.
6. The balance amount of Rs. 18,60,714/- recoverable from Killick
Nixon Ltd it as our books and subject to Reconciliation.
10. Previous Years figures have been regrouped/rearranged/reclassified
wherever necessary.
Mar 31, 2009
1. Contingent Liabilities :
The Company had received demand notice in respect of certain assessment
years on account of interest levy amounting to Rs. 2,70,076 (previous
year Rs.270,076) for which Company has preferred appeals. No provision
has been made in the accounts.
The estimated amount of contract remaining to be executed on capital
account and not provided for Rs.NIL (previous year Rs.NIL)
2. Related Party Disclosures under AS-18 issued by the Institute of
Chartered Accountants of India.
3. The Company during the year no Income, Previous Year has only one
segment of income, from Stock Market stock derivative operations.
4. Amount of unpaid dividend of Rs. 6761/- for the year 1998-99 is yet
to be transferred to Investor Education and Protection Fund as required
under Section 205 A (5) of the Companies Act, 1956.
5. The Company does not owe any sum to Small Scale Industrial
Undertaking.
6. The company had no employee during the year and previous year.
7. The balance amount of Rs. 1986215/- recoverable from Killick Nixon
Ltd it as our books and subject to Reconciliation.
8. Previous Years figures have been regrouped/rearranged/reclassified
wherever necessary.