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Notes to Accounts of Eureka Industries Ltd.

Mar 31, 2014

1. Share Capital

a) Terms / right 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 for one vote per share. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Related Parties Disclosure

As per Accounting Standard (AS)18 "Related Party Disclosure" issued by the Institute of Chartered Accountants of India, the list of Related Parties as defined in the Accounting Standards are given below.

a) List of Related parties and relationships:

Key Managerial Personnel

- Ketan Gandhi(DIN 02553466) Director

- Narayan Prajapati (DIN 02533184) Director

- Yashdeep Jajpura (DIN 03557155) Director

- Gunjan Choudhary (DIN 01580569) Director

b) No transactions were entered into with Related parties during the year.

3. Balances of Sundry Creditors, Debtors, Receivables, Payables, Loans & Advances to various parties / various authorities are subject to confirmation from the respective parties and necessary adjustments if any, will be made on its reconciliation.

4. In the Opinion of the Board of Directors the aggregate value of Current Assets, Loans & Advances on realisation in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet.

5 Previous Years figures have been re-arranged and re-grouped, wherever necessary to make them comparable with those of current year.


Mar 31, 2012

A) Terms / right 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 for one vote per share. The distribution will be in proportion to the number of equity shares held by the shareholders.

1 Related Parties Disclosure

As per Accounting Standard (AS) 18 "Related Party Disclosure" issued by the Institute of Chartered Accountants of India, the list of Related Parties as defined in the Accounting Standards are given below.

a) List of Related parties and relationships:

Key Managerial Personnel

-Ketan Gandhi Director

-Narayan Prajapati Director

-Yashdeep Jajpura Director

-Gunjan Choudhary Director

b) No transactions were entered into with related parties during the year.

2 Earning Per Share

Earning per share is calculated on the basis of Accounting Standard AS-20 "Earning Per Share" issued by the Institute of Chartered Accountants of India.


Mar 31, 2010

1. The balance of Sundry Debtors, Creditors and Loans and advances are subject to confirmation, any adjustments, if required, will be made on the receipt of the same.

2. In view of the carried forward losses, deferred tax liability / assets as per Accounting As-22 has not been provided.

3. The case is pending for Provident Fund in Appellate Tribunal, New Delhi-GJ/26677.

(a) The Company has been advised that the computation of net profits for the purpose of Directors remuneration under Section 349 of the Companies Act, 1956 need not be enumerated since no commission has been paid to the Directors. However fixed monthly remuneration has been paid to the WTP as per Schedule XIII of the Companies Act, 1956.

4. Sundry debit / credit balances and the accouns squared up during the year are subject to confirmation and reconciliation from the parties to the transactions.

5. No amounts are due for deposits as at the Balance Sheet date to the Investors Education and Protection Fund.

6. Loan to Directors is Rs. NIL (Previous year NIL)

7. Output Service Tax Payable is outstanding more than six (6) months.

8. Additional Information pursuant to the provisions of paragraphs 3 and 4 of Part II of Schedule VI to the Companies Act, 1956.

9. Previous years figures have been re-arranged, re-classified and/or re-grouped wherever considered necessary.

10. Schedule 1 to 13 form an intergral part of the Balance Sheet and Profit & Loss Account.


Mar 31, 2009

1. The balance of Sundry Debtors, Creditors and Loans and advances are subject to confirmation, any adjustments, if required, will be made on the receipt of the same.

2. In view of the carried forward losses, deferred tax liability / assets as per Accounting As-22 is not been provided.

3. The case is pending for Provident Fund in Appellate Tribunal, New Delhi-GJ/26677.

(a) The Company has been advised that the computation of net profits for the purpose of Directors remuneration under Section 349 of the Companies Act, 1956 need not be enumerated since no commission has been paid to the Directors.

4. Sundry debit / credit balances and the accouns squared up during the year are subject to confirmation and reconciliation from the parties to the transactions.

5. No amounts are due for deposits as at the Balance Sheet date to the Investors Education and Protection Fund.

6. Loan to Directors is Rs. NIL (Previous year NIL)

7. Additional Information pursuant to the provisions of paragraphs 3 and 4 of Part II of Schedule VI to the Companies Act, 1956.

8. Previous years figures have been re-arranged, re-classified and/or re-grouped wherever considered necessary.

9. Schedule 1 to 11 form an intergral part of the Balance Sheet and Profit & Loss Account.

 
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