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Notes to Accounts of DSJ Communications Ltd.

Mar 31, 2014

1. (A) Rights, Preference and Restrictions attached to Equity Shares

Equity Shareholder is entitled to one vote per share. The Company declares dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting. Dividend is paid to the Equity Shareholders whose name appears in the Registrar of Members as on AGM Date. In the even of liquidation of the Company, the equity shareholders will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. Distribution will be in proportion to the number of equity shares held by the shareholders.

2. Disclosures required under section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

The Company has complied this information based on the current information in its possession. As at 31st March, 2014, no supplier has intimated the Company about its status as Micro or Small enterprise or its registration with the appropriate authority and under the Micro, Small and Medium Enterprises Development Act, 2006. However, in view of the management the impact of interest if any, that may be payable in accordance with provisions of this Act is not expected to be material.

3. Income Tax Provision

No Provision for Income Tax have been made as there is no profit during the year.

4. Segment Reporting

The Company operates in only one business segment hence segment wise reporting as required by AS 17 issued by Institute of Chartered Accountant of India, is not applicable

5. Balance of Debtors and creditors and advances/deposits revived from dealers/customers are as per book of accounts. Sundry creditors are subject to confirmation and reconciliation, if any.

6. In the opinion of the Board of Directors and to the best of their knowledge adequate provisions has been made in the accounts for all known liabilities and the current assets, loan and advances have a value on realization in the ordinary course of business.


Mar 31, 2013

1 Income Tax Provision

No Provision for Income Tax have been made as there is no profit during the year.

2 Segment Reporting

The Company operates in only one business segment hence segment wise reporting as required by AS 17 issued by Institute of Chartered Accountant of India, is not applicable

3 Balance of Debtors and creditors and advances/deposites received from dealers/customers are as per book of accounts. Sundry creditors are subject to confirmation and reconciliation, if any.

4 In the opinion of the Board of Directors and to the best of their knowledge adequate provisions has been made in the accounts for all known liabilities and the current assets, loan and advances have a value on realization in the ordinary course of business.

5 The Financial Statements have been prepared in the format prescribed by the Revised Schedule VI to the Companies Act, 1956.


Mar 31, 2012

Rights, Preference and Restrictions attached to Equity Shares.

Equity Shareholder is entitiled to one vote per share. The Company declares dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting. Dividend is paid to the Equity Shareholders whose name appears in the Register of Members as on AGM Date. In the event of liquidation of the Company, the equity shareholders will be entitled to receive any of the remaining assets of the Company , after distribution of all preferential amounts. Distribution will be in proportion to the number of equity shares held by the shareholders .

Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

The Company has complied this information based on the current information in its possession. As at March 31, 2012, no supplier has intimated the Company about its status as Micro or Small enterprise or its registration with the appropriate authority and under the Micro, Small and Medium Enterprises Development Act, 2006. However, in view of the management the impact of interest if any, that may be payable in accordance with provisions of this Act is not expected to bematerial.

1. Income Tax Provision

No Provision for Income Tax have been made as there is no profit during the year.

2. Segment Reporting

The Company operates in only one business segment hence segment wise reporting as required by AS 17 issued by Institute of Chartered Accountant of India, is not applicable

3. Balance of Debtors and creditors and advances/deposites received from dealers/customers are as per book of accounts. Sundry creditors are subject to confirmation and reconciliation, if any.

4. In the opinion of the Board of Directors and to the best of their knowledge adequate provisions has been made in the accounts for all known liabilities and the current assets, loan and advances have a value on realization in the ordinary course of business.

5. Previous Year's Figures

Till the year ended March 31, 2011, the company was using pre-revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended March 31 2012, the revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company. The company has reclassified previous year figures to conform to the year's classification. It significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet.


Mar 31, 2011

1. SHARE CAPITAL-SCHEDULE -1

(i) 14% Non-Cumulative Redeemable preference shares were redeemable on or before 31st March 2001, at the discretion of the Board of Directors. The Board of Directors have decided to extend the redemption up to 31st March, 2012.

(ii) Call in arrears includes Rs.53.38 Lacs due towards share premium (Previous year Rs.53.38 Lacs).

2. INVESTMENTS - SCHEDULE -

31st March'2011 31st March 2010

a. Market value of quoted investments: Rs.3.60 Lacs Rs. 4.15Lacs

b. Aggregate investments in Companies under same management Rs. 10 Lacs Previous year Rs.10 Lacs)

3. CURRENT ASSETS & LIABILITIES - SCHEDULE 7 & 8

a. During the year the Company has written off Rs. Nil from Sundry Debtors (Previous year Rs. Nil Lacs) including the amount due from Companies under the same management which the company had already made provision in earlier year.

b. Sundry Debtors & Sundry Creditors are subject to confirmation and reconciliation, if any.

c. In the opinion of the Board of Directors, the Current Assets, Loans & Advances, have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

d. The Company has taken Legal action against certain Debtors for recovery by sending notices. Most of the parties have responded to these notices. The Board is of the opinion that the said amounts shall be recoverable. The aggregate value of debts due from these parties is Rs.44.12 Lacs (Previous year Rs.44.12 Lacs)

4. CONTINGENT LIABILITIES :-

i. Claims not acknowledge as Debts - Not ascertainable.

5. Amount repayable to Institutions within One year Rs. Nil (Previous year Rs. Nil). The Company has however not paid any installment to any Institutions. The entire debts is thus overdue.

6. Future rentals obligations in respect of assets taken on lease is Nil (Previous year Rs. Nil). Lease rentals payable with one year is Nil (Previous year Rs. Nil). Assets taken on lease include Machinery, Vehicles, Computers etc.

7. Provision for interest on Secured Loan is made up to 31.12.2002 in view of the NPA Account with Institution.

NOTE: In view of the nature of business of the Company, there is no opening and closing stock of finished goods of magazines.

8. The Company is engaged in the business of publication of magazines, Since the printing of magazines is done by outside parties on job work basis. In view of the nature of such operations the information with regard to licensed capacity, installed capacity and actual production is not applicable, and hence not furnished.

9. Earnings in Foreign Exchange Rs. Nil (Previous Year Rs. Nil)

10. Figures have been re-grouped/re-arranged whatever necessary and rounded off to the nearest rupee.

11. The Company does not have separate records of suppliers of small scale or ancillary industries defined under the "Interest on delayed payments to small scale and Ancillary undertakings Act, 1993. In the absence of such information, interest on over dues amounts to such suppliers, if any, as on 31st March, 2011 is not ascertained and hence not provided for.


Mar 31, 2010

1. SHARE CAPITAL-SCHEDULE - 1

(i) 14% Non-Cumulative Redeemable preference shares were redeemable on or before 31st March 2001, at the discretion of the Board of Directors. The Board of Directors have decided to extend the redemption up to 31st March, 2010.

(ii) Call in arrears includes Rs.53.38 Lacs due towards share premium (Previous year Rs. 53.38 Lacs).

2. SECURED LOAN-SCHEDULE - 3

Company has made One time settlements with IDBI and has made a payment of Rs.1,39,05,870/- in OTS against Term Loan payable. The balance of Rs74,49,413/- against principal & Rs.21,92,88,216/- against Provision for interest is transferred to Sundry balance w/off a/c during the year.

3. CURRENT ASSETS & LIABILITIES - SCHEDULE 7 & 8

a. During the year the Company has written off Rs. 1.61 Lacs from Sundry Debtors (Previous year Rs. Nil Lacs) including the amount due from Companies under the same management which the company had already made provision in earlier year.

b. Sundry Debtors & Sundry Creditors are subject to confirmation and reconciliation, if any.

c. In the 'opinion of tire Board of Directors, the Current Assets, Loans & Advances, have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

d. The Company has taken Legal action against certain Debtors for recovery by sending notices. Most of the parties have responded to these notices. The Board is of the opinion that the said amounts shall be recoverable. The aggregate value of debts due from these parties is Rs. 44.12 Lacs (Previous year Rs. 44.12 Lacs)

4. CONTINGENT LIABILITIES

i. Claims not acknowledge as Debts - Not ascertainable.

5. Amount repayable to Institutions within One year Rs. Nil (Previous year Rs. Nil). The Company has however not paid any instalment to any Institutions. The entire debts is thus overdue.

6. Future rentals obligations in respect of assets taken on lease is Nil (Previous year Rs. Nil).

Lease rentals payable with one year is Nil (Previous year Rs. Nil). Assets taken on lease include Machinery, Vehicles, Computers etc.

7. Provision for interest on Secured Loan is made up to 31.12.2002 in view of the NPA Account with Institution.

8. MANAGING DIRECTOR'S REMUERATION AND BENEFITS - SCHEDULE 11

Managerial remuneration for Directors (exclusive of payment to gratuity and pension funds on actuarial valuation.

NOTE: In view of the nature of business of the Company, there is no opening and closing stock of finished goods of magazines.

magazines is done by outside parties on job work basis. In view of the nature of such operations the information with regard to licensed capacity, installed capacity and actual production is not applicable, and hence not furnished.

9. Earnings in Foreign Exchange Rs. Nil (Previous Year Rs. Nil)

10. Figures have been re-grouped/re-arranged whatever necessary and rounded off to the nearest rupee.

11. The Company does not have separate records of suppliers of small scale or ancillary industries defined under the "Interest on delayed payments to small scale and Ancillary undertakings Act, 1993. In the absence of such information, interest on overdues amounts to such suppliers, if any, as on 31st March, 2010 is not ascertained and hence not provided for.

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