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Notes to Accounts of Dwitiya Trading Ltd.

Mar 31, 2015

Not Available


Mar 31, 2014

Basis of Preparation

* The financial statements are prepared under the historical cost convention except for current assets.

* Accrual basis of accounting has been adopted in preparation of the financial statements.

* The financial statements are prepared under the Going concern convention of accounting.

* The generally accepted accounting principles, Accounting Standards issued by the Institute of Chartered Accountants of India, as applicable, and the relevant provisions of the Companies Act, 1956 have been complied.

* In preparing the financial statements in conformity with accounting principles generally accepted in India, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as at the date of financial statements and the amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Any revision to such estimates is recognized in the period the same is determined.

* As per information and explanation provided by the Management there are no outstanding dues of SSI undertakings as required by Schedule VI of the Companies Act, 1956 as amended by Notification No. GSR 129(E) dated 22.02.1999 issued by the Department of Company Affairs, Ministry of Law, Justice & Company Affairs.

* The Company has no amount to be paid to Micro, Small and Medium Enterprises in accordance with provisions of Micro, Small & Medium Enterprises Development Act, 2006. Hence, disclosures, if any, relating to amounts unpaid as the year end together with interest paid / payable as required under the said Act have not been made.

* Fixed assets are shown at cost of acquisition inclusive of all incidental expenses.

* Depreciation on Fixed assets has been provided as per Companies Act, 1956 on WDV basis.

Corporate Information:

1. The Company is principally engaged in Trading in retail items.

2. There has been no significance change in the nature of business during the period from 1st April, 2013 to 31st March, 2014.

3. The company was incorporated in India on 19th August, 1978. Under the Companies Act, 1956 (No. 1 of 1956) and the company registered in India having its registered office in India and under the jurisdiction of ROC Kolkata.

4. The Corporate Identity number is: L67120WB1978PLC031628.

5. The registered office of the company is located at 2A, Ramanath Sadhu Lane, Kolkata- 700007, West Bengal.

6. Company got fresh certificate of Incorporation on 8th January, 2014 for the change in name from B B Investments Ltd to Dwitiya Trading Ltd there is no change in the business activity.

Credit Risk

* The group does not have any significant exposure to an individual customer nor does it have any major concentration of credit risk related to any financial institution.

* The credit risk is managed by the Managing Director. Adequate care and control are taken to ascertain the credit worthiness of the consumers.

Non- Current Investment

Investments are stated at cost and are made in its subsidiary companies amounting to Rs 49,00,000/- and in other unquoted Equity Shares amounting to Rs. 96,83,000/- and in quoted shares amounting to Rs. 1,85,000.

SIGNIFICANT EVENT DISCLOSURE:

Directors

Gangadhar Sail Managing Director

Suresh Kumar Dalmia Director

Girdhari Lal Dalmia Director

SIGNATURES TO NOTE 1 '' TO ''21''

In terms of our report of even date annexed herewith.


Mar 31, 2012

Basis of Preparation

* The financial statements are prepared under the historical cost convention except for current assets.

* Accrual basis of accounting has been adopted in preparation of the financial statements.

* The financial statements are prepared under the Going concern convention of accounting.

* The generally accepted accounting principles, Accounting Standards issued by the Institute of Chartered Accountants of India, as applicable, and the relevant provisions of the Companies Act, 1956 have been complied.

* In preparing the financial statements in conformity with accounting principles generally accepted in India, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as at the date of financial statements and the amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Any revision to such estimates is recognized in the period the same is determined.

* As per information and explanation provided by the Management there are no outstanding dues of SSI undertakings as required by Schedule VI of the Companies Act, 1956 as amended by Notification No. GSR 129(E) dated 22.02.1999 issued by the Department of Company Affairs, Ministry of Law, Justice & Company Affairs.

* The Company has no amount to be paid to Micro, Small and Medium Enterprises in accordance with provisions of Micro, Small & Medium Enterprises Development Act, 2006. Hence, disclosures, if any, relating to amounts unpaid as the year end together with interest paid / payable as required under the said Act have not been made.

* Fixed assets are shown at cost of acquisition inclusive of all incidental expenses.

* Depreciation on Fixed assets has been provided as per Companies Act, 1956 on WDV basis.

corporate Information:

1. The Company is principally en2azed in Investments in Shares & Securities.

2. There has been no significance change in the nature of business during the period from April, 2011 to 31st March 2012.

3. The company is a "private company", within the meaning of section 3(1) (iii) of the Companies Act, 1956 (No.1 of 1956). The company was incorporated in India on 19th August, 1978. Under the Companies Act, 1956 (No. 1 of 1956) and the company registered in India having its registered office in India and under the jurisdiction of ROC Kolkata.

4. The Corporate Identity number is: 1..67120WB1978PLC031628.

5. The registered office of the company is located at 6B, Shakespeare Court 21A, Shakespeare Sarani, Kolkata - 700 017, West Bengal.

Credit Risk

* The group does not have any significant exposure to an individual customer nor does it have any major concentration of credit risk related to any financial institution.

* The credit risk is managed by the Managing Director. Adequate care and control are taken to ascertain the credit worthiness of the consumers.

Non- Current Investment

Investments are stated at cost and are made in its subsidiary companies amounting to Rs 3,00,000/- and in other unquoted Equity Shares amounting to Rs. 11,20,000/-.

SIGNIFICANT EVENT DISCLOSURE;

Directors

Gangadhar Sail Director

Divya Bhagat Director

Surendra Kumar Agarwal Director

Ekta Gupta Director

Suresh Kumar Dalmia Director

Manish jani Director


Mar 31, 2011

Not Available.

 
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