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Notes to Accounts of Econo Trade (India) Ltd.

Mar 31, 2015

1. Terms/Rights Attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share and ranks pari passu.

2. Contingent Liabilities:- Nil

3. Earning in Foreign Exchange:- Nil

4. Expenditure in Foreign Exchange:- Nil

5. NO Provison has been made on accout of leave salary to the credit of employees at the end of the year

6. No provion has been made on account of fall in the market value of quoted Investment held long term as the fall is considered to be temporary in nature as.

7. The Figures of previous Year have been regrouped and/or re arranged whereever necessary

30. The company Is engaged in Business of Non Banking Financial Companies and there is no Separate reportable segment as per Accounting Standard-17 Segment Reporting" Notified by the Companies Accounting Standard Rule, 2006

31. Particulars required to be furnished as per the paragraph 13 of Non Banking Financial (Non Deposit Accepting or Holding ) Companies Prudential norms (Reserve bank) Directions, 2007 issued by the RBI are given as per Annexure Attached Hereto


Mar 31, 2014

1. Previous year figures has been re-arranged or re-cast wherever necessary, however the same are not strictly comparable with that of the current year as the previous year.

2. The Company operates solely in one Geographic Segment only and hence no separate information for Geographic Segment wise disclosure is required.

3. There are no related party transaction during the year.

NOTE :-4 Contingent Liabilities

income Tax Demand Under Appeal- Rs. 7,17,540 ( 2009-2010). The Management believes that the Company has a good case for Success in the matter and therefore no provisions thereagainst is considered necessary.


Mar 31, 2012

1. Previous year figures has been re-arranged or re-cast wherever necessary, however the same are not strictly comparable with that of the current year as the previous year.


Mar 31, 2011

1. In consistency with the accounting policies followed, the company has valued its inventories comprising of quoted equity shares and other securities at cost against lower of costs or market/break-up/nave/fair value as required by the Accounting Standard issued by the Institute of Chartered Accountants of India and Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998.

The value of quoted equity shares held as stock-in-trade by the company as on 31st March, 2011 is at cost and not an cost or market value whichever is lower basis(As per Accounting Standard 13). Had the stock-in-trade beer accounted for in the books of account at lower of cost or market price the profit for the year would have been lower by Rs.26,657.50 and the stock-in-trade would have been lower to that extent. In respect of unquoted equity shares held as stock-in-trade as at 31st March, 2011, the cost has been considered for the purpose of valuation of stock-in-trade as at 31st March, 2011.

2. The Company has adopted Accounting Standard-22 Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India. There remains a deferred tax liabilities. The major component of deferred tax liabilities arising out of timing difference as on 31s* March, 2011 is on account of depreciation on Fixed Assets.

3. As required in terms of paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 issued by Reserve Bank of India, we enclose in the annexure the required -‘Schedule to the Balance Sheet of a Non Banking Financial Company.’

4. Key Management Personnel - a,) Mr.Pradeep Kumaer Agarwal (Director)

b.)Mr.Sujay Rakshit (Director)

c.) Mr. Om Prakash Lohia (Director)

5. a. Number of employees entitled to emolument aggregating to Rs.60,00,000/- per annum or more - NIL (Previous year - NIL).

b. Number of employees who are entitled to remuneration of Rs.5,00,000/- per month or who are employed for the part of the year - NIL (Previous year -NIL).

6. Value of C.I.F. Basis, expenditure in foreign currency, remittance in foreign currency, earnings in foreign exchange - NIL

7. Previous year figures has been re-arranged or re-cast wherever consider necessary.

8. A scheme of Amalgamation between Amrapali Nirman Ltd and Balaji Buildcom Ltd (hereinafter written as all transferor companies) and the Company was approved by the shareholders in the Court convened meeting held on 4 day ot January, and subsequently sanctioned by the hon’ble High Court of Calcutta on 28th of April 2010. All the assets, properties and liabilities of all the transferor companies have been transferred and stand amalgamated with the Company with effect from the 1st day of April, 2010 (the transfer date) against the total consideration of Rs. 140,27°,750/- for the above two companies. The company has to issue 14027075 equity shares of Rs. 10/- each to the shareholders of the erstwhile amalgamating company in the ratio as per order of Hon’ble High Court Calcutta and the same pending allotment of shares have been reflected as share capital suspense in the Balance Sheet Steps has been taken to change name of all the assets and liabilities of the erstwhile transferor companies in to the name of Company (Transferee Company).

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