Mar 31, 2015
1. Capital commitment for Purchase of Fixed Assets amounting to Rs,
25,75,074/-(Previous Year Rs, 63,89,625/-).
2. Depreciation:
Effective from 01.04.2014, the Company has adopted the useful lives of
its Tangible Fixed Assets as per Part C of Schedule II of the Companies
Act, 2013 and provided depreciation accordingly.
In respect of assets of which the remaining useful lives have been
exhausted as on April 1, 2014, the carrying amount of assets after
retaining residual value, amounting to Rs, 0.59 lacs (Net of Deferred Tax
Credit of Rs, 0.29 lacs) has been recognized in the opening balance of
General Reserve.
The provision of depreciation in terms of Companies Act 2013 as
aforesaid has resulted in lower provision by Rs, 4.20 lacs for the year
as compared to the provision in terms of erstwhile Companies Act, 1956.
3. Detail of Loan given Under Section 186 (4) of the Companies Act.2013
Long-Term Loans and Advances Include Loan given @ 18% p.a. to Gei
Industrial Systems Ltd. Amounting to Rs,.0.91 Crore (Previous year Rs,.
1.09 Crore) due for repayment.
Short-Term Loans and Advances includes Loan given @ 15% p.a. to
Videocon Industries limited Rs,.1 Crore (Previous Year Rs,.Nil) & Mr.
N.Murkumbi amounting to Rs,.3 Crore (Previous Year Rs,.4 Crore) both due
for repayment within 1 year
4. The provisions of Accounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it on or after 31st March of
every year.
5. Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading & Power Generation.
Business Segments have been identified as reportable primary segments
in accordance with Accounting Standard  17 issued by the Institute of
Chartered Accountants of India, taking into account the nature of
products, risks and returns, organization structure and internal
reporting system.
6. Disclosure in respect of related parties as defined in Accounting
Standard  18 wherein transactions have taken place during the year are
given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr.
Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
7. Earnings Per Share (EPS)
The earnings per share have been computed in accordance with the
'Accounting Standard 20 Â Earnings per Share.
8. Expenditure incurred in foreign currency for foreign travelling of
Rs, 19,69,657/- (Previous Year Rs, 8,32,306/-).
9. In the opinion of the Board, current assets, loans and advances
have a value on realization at least equal to the amount at which they
are stated in the accounts.
10. Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
11. Previous year figures have been regrouped, reworked, reclassified &
rearranged wherever necessary
Mar 31, 2014
1. Capital commitment for Purchase of Fixed Assets amounting to Rs.
63,89,625/-(Previous Year Rs. 63,89,625/-).
2. Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading & Power Generation.
Business Segments have been identified as reportable primary segments
in accordance with Accounting Standard - 17 issued by the Institute of
Chartered Accountants of India, taking into account the nature of
products, risks and returns, organisation structure and internal
reporting system.
3. Disclosure in respect of related parties as defined in Accounting
Standard - 18 wherein transactions have taken place during the year are
given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh
R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
Enterprises over which key management personnel exercise control:
1. Young Buzz India Ltd. 2. Iris Resources Pvt. Ltd. 3. Shrotra
Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt. Ltd.)
4. Dhoot Instruments Pvt. Ltd. 5. Prompt Traders & Investments Pvt.
Ltd. 6. Dhoot Meters Private Ltd.
* Maximum Loan Balance Rs. 2,26,65,434/- ( Previous year Rs.
61,50,000/-) and Maximum Advance balance Rs. 5,62,97,000/- ( Previous
year Rs. 12,13,98,000/-) during the year.
4. The provisions ofAccounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it on or after 31st March of
every year.
5. Earning Per Share (EPS)
The earnings per share have been computed in accordance with the
Accounting Standard 20 - Earnings per Share.
The numerators and denominators used to calculate Basic and Diluted
Earnings per Share:
6. Expenditure incurred in foreign currency for foreign travelling of
Rs. 8,32,306/- (Previous Year Rs. 6,78,173/-).
7. In the opinion of the Board, current assets, loans and advances
have a value on realization at least equal to the amount at which they
are stated in the accounts.
8. Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
9. Previous year figures have been regrouped, reworked, reclassified &
rearranged wherever necessary
Mar 31, 2013
1 Capital commitment for Purchase of Hxed Assets amounting to <
63,89,62o/-(Previous Year Rs 73,23,525/-).
2 Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading & Power Generation.
Business Segments have been identified as reportable primary segments
in accordance with Accounting Standard -
3 issued by the Institute of Chartered Accountants of India, taking
into account the nature of products, risks and returns, organization
structure and internal reporting system.
4 Disclosure in respect of related parties as defined in Accounting
Standard - 18 wherein transactions have taken place during the year are
given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G Dhoot (Chairman), Mrs. M.
R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R.
Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
Enterprises over which key management personnel exercise control:
1. Young Buzz India Ltd. 2. Iris Resources Pvt Ltd. 3. Shrotra
Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt.
Ltd.) 4. Dhoot Instruments Pvt. Ltd.
5. Prompt Traders & Investments Pvt. Ltd.
- Maximum Loan Balance Rs 61,50,000/- ( Previous year Rs 1,11,00,000/-)
and Maximum Advance balance Rs 12,13,98,000/- ( Previous year Rs
4,68,50,000/-) during the year.
5 The provisions of Accounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it on or after 31st March of
every year.
6 Earnings Per Share (EPS)
The earnings per share have been computed in accordance with the
''Accounting Standard 20 - Earnings per Share. The numerators and
denominators used to calculate Basic and Diluted Earnings per Share:
7 Expenditure incurred in foreign currency for foreign travelling of Rs
6,78,173/- (Previous YearRs 9,03,373/-).
8 In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the amount at which they are
stated in the accounts.
9 Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
10 Previous year figures have been regrouped, reworked, reclassified &
rearranged wherever necessary
Mar 31, 2012
1.1 Equity Shares are entitled to one vote per share.
2 Capital commitment for Purchase of Fixed Assets amounting to Rs
73,23,525/-(Previous Year Rs. 73,23,525/-).
3 Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading & Power Generation.
Business Segments have been identified as reportable primary segments
in accordance with Accounting Standard - 17 issued by the Institute of
Chartered Accountants of India, taking into account the nature of
products, risks and returns, organisation structure and internal
reporting system.
4 Disclosure in respect of related parties as defined in Accounting
Standard - 18 with wherein transaction have taken place during the year
are given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh
R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
Enterprises over which key management personnel exercise control:
1. Young Buzz India Ltd. 2. Iris Resources Pvt. Ltd. 3. Shrotra
Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt. Ltd.)
4. Dhoot Instruments Pvt. Ltd.
- Maximum Loan Balance Rs. 1,11,00,000/- ( Previous year Rs.
2,30,00,000/-) and Maximum Advance balance Rs. 4,68,50,000/- ( Previous
year Rs. Nil) during the year.
5 The provisions of Accounting Standard 15 (Revised) on ÃEmployee
Benefitsà are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it on or after 31st March of
every year.
6 Earning Per Share (EPS)
The earnings per share have been computed in accordance with the
Accounting Standard 20 - Earnings per Share. The numerators and
denominators used to calculate Basic and Diluted Earnings per Share:
7 Expenditure incurred in foreign currency for foreign travelling of Rs.
9,03,373/- (Previous Year Rs. 13,37,064/-).
8 In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the amount at which they are
stated in the accounts.
9 Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
10 The Financial Statements for the year ended on 31st March, 2011 have
been prepared as per the then applicable, pre-revised Schedule VI to
the Companies Act, 1956. Consequent to the notification under the
Companies Act, 1956, the Financial Statements for the year ended on
31st March, 2012 are prepared under revised Schedule VI. Accordingly,
the previous year's figures have also been re-classified to conform
to this year's classification.
Mar 31, 2011
1. Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading segments & Power
Generation segments. Business Segments have been identified as
reportable primary segments in accordance with Accounting Standard - 17
issued by the Institute of Chartered Accountants of India, taking into
account the nature of the products, the differing risks and returns,
the Organisation structure and internal reporting system.
2. Disclosure in respect of related parties as defined in Accounting
Standard - 18 with wherein transaction have taken place during the year
are given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh
R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
Enterprises over which key management personnel exercise control:
1. Young Buzz India Ltd. 2. Iris Resources (P) Ltd. 3. Pine Fresh
Minerals (P) Ltd.
Maximum Balance 2,30,00,000/- (1,55,00,000/-) during the year.
3. Debtors outstanding for more than six months includes 17,50,000/-
(Previous Year 22,50,000/-) due from a party. The Company has
considered the recovery of principal amount as good, though no written
assurance / confirmation is received.
4. The provisions of Accounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it before 31st March of every
year.
5. In respect of long-term foreign currency monetary items, the
Company earlier followed a policy of recording all exchange differences
to the profit and loss account. In line with notification of the
Companies (Accounting Standards) Amendment Rules 2006 issued by
Ministry of Corporate Affairs on March 31, 2009 amending Accounting
Standard - 11 (AS - 11) 'The Effects of Changes in Foreign Exchange
Rates (revised 2003)ô, the Company has chosen to exercise the option
under para 46 inserted in AS - 11 by the notification. Accordingly, the
foreign exchange gain for the period from Dec - 2006 upto March 2009 of
35,38,812/- is adjusted against reserves correspondingly the value of
the Fixed Asset is reduced and the Net Profit before tax for the
current year is reduced by 1,13,608 (Previous Year Profit higher by
28,82,801/-) due to foreign exchange loss which is adjusted to fixed
assets.
6. In the opinion of the Board, current assets, loans and advances
have a value on realization at least equal to the amount at which they
are stated in the accounts.
7. Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
8. Expenditure incurred in foreign currency for foreign travelling of
Rs.13,37,064/- (Previous Year Rs. 4,24,398/-).
9. Capital commitment for Purchase of Fixed Assets amounting to Rs.
73,23,525/- and Contingent Liability not provided for tax amount on
form 'C' to be received from cus- tomers amounting to Rs. 9,154 for
year 2008-09.
10. Previous year figures have been regrouped, reworked, reclassified &
rearranged wherever necessary.
Mar 31, 2010
1. Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading segments & Power
Generation segments. Business Segments have been identified as
reportable primary segments in accordance with Accounting Standard 17
issued by the Institute of Chartered Accountants of India, taking into
account the nature of the products, the differing risks and returns,
the Organisation structure and internal reporting system.
2. Disclosure in respect of related parties as defined in Accounting
Standard 18 with wherein transaction have taken place during the year
are given below: Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mst.
Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
Enterprises over which key management personnel exercise significant
influence with whom transactions have been taken place during the year:
3. Debtors outstanding for more than six months includes
Rs.22,50,000/- (Previous Year Rs. 54,51,021/-) due from a party. The
Company has considered the recovery of principle amount against above
good, though no written assurance / confirmation is received.
4. The provisions of Accounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. The Company does not allow any accumulation & any employees
are allowed to encash the leave before 31 st March 2010 of every year.
5. In respect of long-term foreign currency monetary items, the
Company earlier followed a policy of recording all exchange differences
to the profit and loss account. In line with notification of the
Companies (Accounting Standards) Amendment Rules 2008 issued by
Ministry of Corporate Affairs on March 31,2009 amending Accounting
Standard 11 (AS-11) The Effects of Changes in Foreign Exchange Rates
(revised 2003), the Company has chosen to exercise the option under
para 46 inserted in AS -11 by the notification. Accordingly, the
foreign exchange gain for the period from Dec 2006 upto March 2009 of
Rs.35,38,812/- is adjusted against reserves correspondingly the value
of the Fixed Asset is reduced and the Net Profit before tax for the
current year is higher by Rs.28,82,801/- due to foreign exchange loss
which is adjusted to fixed assets.
6. In the opinion of the Board, current assets, loans and advances
have a value on realization at ieast equal to the amount at which they
are stated in the accounts.
7. Debtors & Creditors balances are subject to confirmation,
adjustments if any, will be made in the accounts on the receipt of such
confirmations.
8. Earning Per Share (EPS)
The earnings per share have been computed in accordance with the
Accounting Standard 20 Earnings per Share.
The numerators and denominators used to calculate Basic and Diluted
Earnings per Share:
9. Particulars of Stock in Trade (As verified & valued by the
Management at cost or market value which ever is lower):
10. Expenditure incurred in foreign currency Rs. 4,24,398/-(Previous
Year Rs. 7,51,236/-).
11. Capital commitment for Purchase of Fixed Assets amounting to
Rs.73,23,525/- and Contingent Liability not provided for tax amount on
form C to be received from customers amounting to Rs. 24178/- for
2005-06 & Rs.9,154/- for 2008-09.
12. Previous year figures have been regrouped, reworked, reclassified
& rearranged wherever necessary.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article