Mar 31, 2015
1. Other current assets (specify nature)
(a) Unbilled revenue
(b) Unamortised expenses
(i) Ancillary borrowing costs
(ii) Share issue expenses (where applicable)
(iii) Discount on shares (where applicable)
(c) Accruals
(i) Interest accrued on deposits
(ii) Interest accrued on investments
(iii) Interest accrued on trade receivables
(d) Others
(i) Insurance claims
(ii) Receivables on sale of fixed assets
2. Contingent liabilities and commitments (to the extent
not provided for) -
(i) Contingent liabilities shall be classified as:
(a) Claims against the company not acknowledged as debt;
(b) Guarantees;
(c) Other money for which the company is contingently liable.
(ii) Commitments shall be classified as:
(a) Estimated amount of contracts remaining to be executed on -
capital account and not provided for;
(b) Uncalled liability on shares and other investments partly paid;
(c) Other commitments (specify nature).
3. The amount of dividends proposed to be distributed to equity and
preference shareholders for the period and the related amount per share
shall be disclosed separately. Arrears of fixed cumulative dividends on
preference shares shall also be disclosed separately.
4. Where in respect of an issue of securities made for a specific
purpose, the whole or part of the amount has not been used for the
specific purpose at the balance sheet date, there shall be indicated by
way of note how such unutilised amounts have been used or invested.
5. If, in the opinion of the Board, any of the assets other than fixed
assets and non-current investments do not have a value on realisation
in the ordinary course of business at least equal to the amount at
which they are stated, the fact that the Board is of that opinion,
shall be stated.
6. a. Imported & Indigenous raw materials, components and stores &
spares consumed
Raw Material
Imported
Indigenous
Stores & Spares
Imported
Indigenous
Other Components
Imported
Indigenous
7. OTHER NOTES TO ACCOUNTS
1. Balance confirmation have not been received in certain cases. Thus
such balance due to or due from the parties are subject to necessary
adjustment on receipt of confirmation.
2. We relying the entry appearing in the books of accounts when ever
proper supporting not attached.
3. Additional information pursuant to the provision of paragraph 3 & 4
in part 11 of the Schedule vi of the companies act 1656 is not
applicable.
Mar 31, 2014
A. Balance on sundry Creditors and Loans are subject to confirmation
and reconciliation from respective parties.
b. In the opinion of the Board of Director of the Company aggregate
value of current Assets, Loans & Advances on realization in the
ordinary course of business will not be less than the amount at which
these stated in the Balance Sheet.
c. Previous year figures have been regrouped / reclassified wherever
necessary.
Mar 31, 2013
A. Balance on sundry Creditors and Loans are subject to confirmation
and reconciliation from respective parties.
b. In the opinion of the Board of Director of the Company aggregate
value of current Assets, Loans & Advances on realization in the
ordinary course of business will not be less than the amount at which
these stated in the Balance Sheet.
c. Previous year figures have been regrouped / reclassified wherever
necessary.
d. Amounts are rounded off to the nearest rupee.
e. Earning in Foreign Exchange Nil
f. Remittance in Foreign Exchange Nil
Mar 31, 2012
NOTE NO. 1 CONTINGENT LIABILITIES AND COMMITMENT
PARTICULARS Amount of Amount of
current
period previous
period
a) Contingent Liabilities - -
i) Claim against the company not acknowledged
ii) Guarantees
iii) Other Money for which the company is
contingent liable
b) Commitments - -
i) Estimated amt. of contracts remaining to
be executed on capital account and not
provided for
ii) Uncalled liability on share and other
investments parties
iii) Other Commitments
Sale are recognized at the time of despatches and include excise duty,
VAT and are net of returns. In case of export sales, revenue is
recognized as on the date of bill of lading, being the effective date
of despatch.
2) Pursuant to the Notification No.447 (E) dated February 28,2011 and
Notification No.653 (E) dated March 30, 2011, issued by the Ministry of
Corporate Affairs, the Company has prepared its financial statements
for the year ended March 31, 2012 as per revised schedules VI to the
Companies Act, 1956. Accordingly, the previous year's figures have
been regrouped / reclassified, wherever required to align the financial
statements
a. Balance on sundry Creditors and Loans are subject to confirmation
and reconciliation from respective parties.
b. In the opinion of the Board of Director of the Company aggregate
value of current Assets, Loans & Advances on realization in the
ordinary course of business will not be less than the amount at which
these stated in the Balance Sheet.
c. Previous year figures have been regrouped / reclassified wherever
necessary.
d. Amounts are rounded off to the nearest rupee.
e. Earning in Foreign Exchange Nil
f. Remittance in Foreign Exchange Nil
Mar 31, 2010
1 Balance Sheet
Fixed Assets
Fixed Assets are accounted for at historical cost, which includes
Freight, Installation Cost, Duties, Taxes and other incidental expenses
incurred during installation stage.
Investments in Securities intended to be traded are classified as
"Stock-in-Trade".
Preliminary and Share Issue Expenses are amortized over the period of
ten accounting years.
Current Assets
Loans including receivables considered good and unsecured in respect of
which the company holds no security other than the debtors personal
security. Advances and deposits considered good which are in cash or
kind or for value to be received.
2. Taxation
The income tax provision if applicable have been made as per the
provisions of I.T. Act.
Deferred Tax
Tax expense comprises both current and deferred taxes. Current
income-tax is measured at the amount expected to be paid to the tax
authorities in accordance with the Indian Income Tax Act. Deferred
income tax reflects the impact of current year timing differences
between taxable income and accounting income for the year and reversal
of timing differences of earlier years. Deferred tax is measured based
on the tax rates and the tax laws enacted or substantively enacted at
the Balance Sheet date. Deferred tax assets are recognised only to the
extent that there is reasonable certainty that sufficient future
taxable income will be available against which such deferred tax assets
can be realised. Unrecognised deferred tax assets of earlier years are
re-assessed and recognised to the extent that it has become reasonably
certain that future taxable income will be available against which such
deferred tax assets can be realised.
3. Derivatives Transactions
(a) All open positions are marked to market.
(b) Gains are recognized only on settlement/expiry of the derivative
instruments except for Interest Rate derivatives where even mark
to-market gains are recognized,
(c) Receivables/payables on open position are disclosed as current
assets / current liabilities, as the case may be.
4. Compliance with Reserve Bank of India Prudential Norms
Income recognition, provisioning and assets classification are in
accordance with norms prescribed by Reserve Bank of India from time to
time.
Schedule to the Balance Sheet of a Non-deposit taking Non-Banking
Financial Company as required in terms of Paragraph 13 of Non-Banking
Financial (Non- Deposit Accepting or Holding)Companies. Prudential
Norms (Reserve Bank) Directions 2007 :
a) Disclosure in respect of related party transaction :
(i) Borrower wise : Nil
(ii) Investor wise : Nil
b) Position of non-performing assets and business levels is lease and
hire purchase and other activities:
(i) Equipment leasing : Nil
(ii) Hire Purchase Finance, Loan, Investment : Nil
5 Disclosure in respect of related parties pursuant to Accounting
Standard 18:
a) List of related parties : NIL
b) List of Associates : NIL
c) During the year, no transaction was carried out with the related
parties in the ordinary course of the business.
6 Other information :
a) Gross Non-performing assets with related parties : NIL
b) Gross Non-performing assets with other than related parties : NIL
c) Net Non-performing assets with related parties : NIL
d) Net Non-performing assets with other than related parties : NIL
e) Assets acquired in satisfaction of debt : NIL
7 Special Reserve
Consequent to the Reserve Bank of India (Amendment) Act, 1997 coming
into force effective January 9, 1997 where in all Non-banking Companies
are required to transfer a sum not less than 20 % of its net profit
after Tax to a special reserve wherever the net profit is adequately
available, the company has duly complied with the RBI norms in this
regards.
8. Remuneration to Managing Director : NIL (NIL)
9. There are no employees drawing exceeding Rs. 25,000/- p.m as the
case may be.
10. Auditors Remuneration :
As Audit Fees Rs. 15,500 (Prv.yr. 15,500)
As Tax Audit/ Income Tax Rs. Nil (Prv.yr. NIL)
As Other Matter Rs. Nil (Prv. Yr. NIL)
11. Remittance in Foreign Exchange NIL (Previous NIL)
12. As per Accounting Standard (Earning Per Shares):
a) Profit / (Loss) after tax 91836
b) No. of Equity Shares 3000000
c) Loss per Shares (a/b) 0.03
13. General
No further information pursuant to paragraph 4C and 4D of the part II
of the Schedule VI of the Companies Act, 1956 is given, as the same
does not apply to the company.
Investments are treated as long term and are carried at cost. The
figures of previous year have been regrouped whenever necessary.
Contingent Liability : NIL
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