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Notes to Accounts of Emergent Global Edu & Services Ltd.

Mar 31, 2015

1. Terms/rights attached to equity shares

Class of Equity Shares, Par Value, Vote per Share, dividend proposed, Distribution at the time of liquidation of co.

2. 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. The company declares and pays dividend in Indian rupees.

3. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

4. Related Parties Disclosure as required by Accounting Standards- 18 issued by ICAI.:- 1. Related Parties

a) Subsidiary : Indo Education Private Limited

b) Associate Companies

* Uni Coke Pvt. Ltd.

* Indo Powertech Limited.

c) Group Companies where Common control exist

* Indo German International Pvt. Ltd.

* Somani Kuttner India Private Ltd.

* Northern Exim Pvt Ltd.

* Somani Housing Pvt. Ltd

* Northern Trading Pvt Ltd.

* Indoit Real Estates Ltd.

* Indo Investment Pvt. Ltd.

* Prudent Apartments Pvt. Ltd.

* Meena Properties Pvt. Ltd.

* Indo Russian International Pvt. Ltd.

* Indo Mercuria International Pvt Ltd.

* Indo Macquarie Education Service Ltd.

* Northern Realtors Pvt. Ltd

* Saatvik Housing Pvt. Ltd.

* Mechel Somani Carbon Pvt. Ltd.

d) Key Management Personnel

* Mr. T. K. Somani

b) Company made Loan of Rs. 12,93,17,000 to its wholly owned subsidiary company, which utilised for business purposes.

5. Notes 1 to 16 form an integral part of the Balance Sheet and Profit & Loss Statement of the Company.


Mar 31, 2014

1. SHARE CAPITAL

Terms/rights attached to equity shares

Class of Equity Shares, Par Value, Vote per Share, dividend proposed, Distribution at the time of liquidation of co.

The company has only one class of equity shares having a par value od Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian Rupees.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all prefenrential amounts. The distribution will be propertion to the number of equity shares held by the shareholders.

2. Sundry Debtors, Loans & Advances are subject to confirmation.

3. Previous year figures have been re-grouped and recast wherever necessary to make them comparable with those of the current year.

4. Disclosure under Micro, small and Medium Enterprises Development (MSMED) Act, 2006:

As per the information available with the Company and as certified by the management, there are no dues outstanding including interest as on 31st March,2014 to Micro, Small and Medium Enterprise as defined under the Micro, small and Medium Enterprises Development (MSMLD) Act, 2006.

5. The disclosurers as required as per the revised As 15 are as under:-

(a) The Company has, with effect from 1st April, 2013 adopted Accounting Standard 15, Employee Benefits (revised 2005), issued by the Institute of Chartered Accountants of India (the ''revised AS 15'').

(b) The company has long-time retirement plan of gratuity at the year end no shortfall remains un provided for. As advised by an independent actuary valuation.

6. Related Parties Disclosure as required by Accounting Standards- 18 issued by ICAI.:-

1. Related Parties

a) Subsidiary : Indo Education Private Limited

b) Associate Companies

* Uni Coke Pvt. Ltd.

* Indo Powertech Limited.

c) Group Companies where Common control exist

* Indo German International Pvt. Ltd.

* Somani Kuttner India Private Ltd.

* Northern Exim Pvt Ltd.

* Somani Housing Pvt. Ltd

* Northern Trading Pvt Ltd.

* Indoit Real Estates Ltd.

* Indo Investment Pvt. Ltd.

* Prudent Apartments Pvt. Ltd.

* Meena Properties Pvt. Ltd.

* Indo Russian International Pvt. Ltd.

* Indo Mercuria International Pvt Ltd.

* Indo Macquarie Education Service Ltd.

* Northern Realtors Pvt. Ltd

* Saatvik Housing Pvt. Ltd.

* Mechel Somani Carbon Pvt. Ltd.

d) Key Management Personnel

* Mr. T. K. Somani


Mar 31, 2013

1.1 Sundry Debtors, Loans & Advances are subject to confirmation.

1.2 Previous year figures have been re-grouped and recast wherever necessary to make them comparable with those of the current year.

1.3 with effect from 04-04-2013, the name of the company was changed from "Emergent Energy and Services Limited" to "Emergent Global Edu and Services Limited".

1.4 Disclosure under Micro, small and Medium Enterprises Development (MSMED) Act, 2006:

As per the information available with the Company and as certified by the management, there are no dues outstanding including interest as on 31st March,2013 to Micro, Small and Medium Enterprises as defined under the Micro, small and Medium Enterprises Development (MSMED) Act, 2006.

1.5 No is made as Gratuity Act 1972 is not applicable. Rl Chartered

1.6 Related Parties Disclosure as required by Accounting Standards- 18 issued by ICAI.:-

1. Related Parties

a) Subsidiary : Indo Education Private Limited

b) Associate Companies

> Uni Coke Pvt. Ltd.

> Indo Powertech Limited.

c) Group Companies where Common control exist

> Indo German International Pvt. Ltd.

> Somani Kuttner India Private Ltd.

> Northern Exim Pvt Ltd.

> Somani Housing Pvt Ltd

> Northern Trading Pvt Ltd.

> Indoit Real Estates Ltd.

> Indo Investment Pvt. Ltd.

> Prudent Apartments Pvt. Ltd.

> Meena Properties Pvt. Ltd.

> Indo Russian International Pvt Ltd.

> Indo Mercuria International Pvt Ltd.

> Indo Macquarie Education Service Ltd

> Northern Realtors Pvt. Ltd

> Saatvik Housing Pvt. Ltd.

> Mechel Somani Carbon Pvt. Ltd.

d) Key Management Personnel

Mr. D. K. Somani Mr. T. K. Somani

1.7 Notes 1 to 14 form an integral part of the Balance Sheet and Profit & Loss Statement of the Company.


Mar 31, 2012

Terms/rights attached to equity shares

Class of Equity Shares, Par Value, Vote per Share, dividend proposed, Distribution at the time of liquidation of co.

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. The company declares and pays dividend in Indian rupees.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1.1 Sundry Debtors, Loans & Advances are subject to confirmation.

1.2 Previous year figures have been re-grouped and recast wherever necessary to make them comparable with those of the current year.

1.3 Additional information as required under part II of the Schedule VI of the Companies Act, 1956:-

1.4 Disclosure under Micro, small and Medium Enterprises Development (MSMED) Act, 2006:

As per the information available with the Company and as certified by the management, there are no dues outstanding including interest as on 31st March,2012 to Micro, Small and Medium Enterprises as defined under the Micro, small and Medium Enterprises Development (MSMED) Act, 2006.

1.5 No provision for Gratuity is made as Gratuity Act 1972 is not applicable.

1.6 Related Parties Disclosure as required by Accounting Standards- 18 issued by ICAI. 1. Related Parties

a) Subsidiary : Indo Education Private Limited

b) Associate Companies

- Uni Coke Pvt. Ltd.

- Indo Powertech Limited.

c) Group Companies where Common control exist

- Indo German International Pvt. Ltd.

- Somani Kuttner India Private Ltd.

- Northern Exim Pvt Ltd.

- Somani Housing Pvt. Ltd

- Northern Trading Pvt Ltd.

- Indoit Real Estates Ltd.

- Indo Investment Pvt. Ltd.

- Prudent Apartments Pvt. Ltd.

- Meena Properties Pvt. Ltd.

- Indo Russian International Pvt. Ltd.

- Indo Mercuria International Pvt Ltd.

- Indo Macquarie Education Service Ltd.

- Northern Realtors Pvt. Ltd

- Saatvik Housing Pvt. Ltd.

- Mechel Somani Carbon Pvt. Ltd.

d) Key Management Personnel

Mr. D. K. Somani

Mr. T. K. Somani

1.7 Notes 1 to 15 form an integral part of the Balance Sheet and Profit & Loss Statement of the Company.


Mar 31, 2010

1. Previous year figures have been re-grouped and recast wherever necessary to make them comparable with those of the current year.

2. Auditors remuneration includes:

Audit fees : Rs.47,429/- (Previous year : Rs. 41,620/-)

3. Disclosure under Micro, small and Medium Enterprises Development (MSMED) Act, 2006:

As per the information available with the Company and as certified by the management, there are no dues outstanding including interest as on 31st March,2010 to Micro, Small and Medium Enterprises as defined under the Mi pro, small and Medium Enterprises Development (MSMED) Act, 2006.

4. The erstwhile promoters namely Mr.Gautam G.Mehta were holding 55,050 equity shares (22.11% paid up capital) and Mr.Jaimin G.Mehta holding 82,450 ( 33.11% paid up capital) aggregating to 1,37,500 equity shares of the face value of Rs.10/- each representing 55.52 % of the paid up equity share capital of the Company. Mr.Jaimin G.Mehta entered into Spot delivery contract with Mr. Tarun Somani dated December 10, 2009 for sale of 37,100 equity shares representing 14.90 % of the current paid up equity share capital of the Company. Further, Mr.Devendra Kumar Somani and Mr.Tarun Kumar Somani (Acquirers) entered into a Share Purchase Agreement dated December 30,2009 with Mr.Gautam Mehta and Mr.Jaimin Mehta for further acquiring 1,00,400 equity shares representing 40.32% of the paid up equity share capital of the Company. The erstwhile promoters have divested their entire equity holding in Shree Om Trades Limited in favour of the Acquirers. Pursuant to this acquisition, the acquirers made an open offer to purchase 49,800 equity shares representing 20% of the paid up equity share capital of the Company. The said open offer process was concluded on March 26, The 1,00.400 equity shares under the Share Purchase Agreement and the 46,800 equity shares tendered under the open offer were transferred in the name of the acquirers on March 31, 2010. The process of acquisition is complete and the company has complied with relevant regulations of SEBI.

5. During the year, the Company does not have any transaction with the related parties as covered by the Accounting Standard 18 issued by the ICA1.

6. Earnings per share

a) Net Profit after tax attributable to equity shareholders (Rs.)

 
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