Mar 31, 2015
1. Terms/Rights attached to equity shares:
The company has only one class of equity share having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
During the year ended 31st March 2015, the amount of per share dividend
recognized as distributions to equity shareholders was Rs. Nil (31st
March 2014 Rs. Nil)
While determining dimunition other than temporary in value of the long
term quoted/unquoted investment has not been provided as in view of the
management such dimunition is temporary in nature and as such there is
no requirement of making any provision.
2. Contingent Liabilities Not Provided For : -
31.03.2015 31.03.2014
a) Estimated amount of contracts
remaining to be
executed on capital account NIL NIL
b) Claims against company not NIL NIL
acknowledge as debts
3. Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)
4. Segment Reporting
Segment Reporting as defined in Accounting Standards 17 is not
applicable as the company is primarily engaged in Finance Activity.
5. Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" issued by the Institute of Chartered
Accountants of India
I. List of Related Parties :
a) Associate companies where Directors or Relatives of Director are
Directors.
(i) Mangalam Exim Private Limited
(ii) Shree Kumar Mangalam Traders Private Limited
(iii) Harivasta Education Private Limited
(iv) Nalini Stockbrokers Private Limited
(v) Rastogi Textiles Private Limited
(vi) Sobhagya Mercantile Limited
(vii) Hues Developers Private Limited
(viii) A Fracas Entertainment Private Limited
b) Key Management Personnel
(i) Santkumar Kesardeo Bagrodia - Director
(ii) Shailja Santkumar Bagrodia - Director
(iii) Kaushal Atul Mehta - Director
(iv) Vijay Kumar Lahoti
II. Particulars of Outstanding Balance at the end of the year with
Related Parties
Outstanding balance at the end of the year Rs. Nil (P. Y. 13,500) of
any related Party
6. Deferred taxes on Income:- The company is entitled to create
deferred tax asset/ liability in the books of A/ cs with respect to
timing difference of carried forward business and depreciation losses
as well as depreciation. However, in view of carried forward business
& depreciation losses there is no reasonable certainty that the asset
can be realized. Hence the deferred tax asset is not recognized on the
ground of prudence.
7. In the absence of confirmation from some of the parties and
pending reconciliation the debit and credit balances with regard to
recoverable and payable have been taken as reflected in the books. In
the opinion of the Directors, Loans and Advances and Current Assets, if
realized in the ordinary course of business, have the value at which
they are stated in the Balance Sheet.
8. As per Accounting Standard 20 "Earning Per Share" issued by
Institute of Chartered Accountant of India the Company gives following
disclosure for the year.
9. During the year, the Company has provided Rs. NIL/- (P.Y. NIL-),
towards Non- performing Assets in accordance with the prudential norms
prescribed by Reserve Bank of India.
10. The figures of the previous year have been regrouped and recast
wherever necessary to confirm to the groupings of the current year.
Mar 31, 2014
1 Terms/Rights attached to equity shares:
The company has only one class of equity share having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
During the year ended 31st March 2014, the amount of per share dividend
recognized as distributions to equity shareholders was Rs. Nil (31st
March 2013 Rs. Nil)
2 Contingent Liabilities Not Provided For :
31.03.2014 31.03.2013
a) Estimated amount of contracts remaining
to be executed on capital account NIL NIL
b) Claims against company not acknowledge
as debts NIL NIL
3 Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)
4 Segment Reporting
Segment Reporting as defined in Accounting Standards 17 is not
applicable as the company is primarily engaged in Finance Activity.
5 Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" issued by the Institute of Chartered
Accountants of India
I. List of Related Parties :
a) Associate companies where Directors or Relatives of Director are
Directors.
(i) Mangalam Exim Private Limited
(ii) Shree Kumar Mangalam Traders Private Limited
(iii) Harivasta Education Private Limited
(iv) Nalini Stockbrokers Private Limited
(v) Rastogi Textiles Private Limited
(vi) Sobhagya Mercantile Limited
(vii) Hues Developers Private Limited
b) Key Management Personnel
(i) Santkumar Kesardeo Bagrodia - Director
(ii) Shailja Santkumar Bagrodia - Director
(iii) Kaushal Atul Mehta - Director.
6 Deferred taxes on Income:- The company is entitled to create
deferred tax asset/ liability in the books of A/ cs with respect to
timing difference of carried forward business and depreciation losses
as well as depreciation. However, in view of carried forward business
& depreciation losses there is no reasonable certainty that the asset
can be realized. Hence the deferred tax asset is not recognized on the
ground of prudence.
7 In the absence of confirmation from some of the parties and
pending reconciliation the debit and credit balances with regard to
recoverable and payable have been taken as reflected in the books. In
the opinion of the Directors, Loans and Advances and Current Assets, if
realized in the ordinary course of business, have the value at which
they are stated in the Balance Sheet.
8 During the year, the Company has provided Rs. NIL/- (P.Y. NIL-),
towards Non- performing Assets in accordance with the prudential norms
prescribed by Reserve Bank of India.
9 The figures of the previous year have been regrouped and recast
wherever necessary to confirm to the groupings of the current year.
Mar 31, 2013
1. Contingent Liabilities Not Provided For : :
31.03.2013 31.03.2012
a) Estimated amount of contracts
remaining to be
executed on capital account NIL NIL
b) Claims against company not
acknowledge as debts NIL NIL
2. Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)
3. Segment Reporting
Segment Reporting as defined in Accounting Standards 17 is not
applicable as the company is primarily engaged in Finance Activity.
4. Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" issued by the Institute of Chartered
Accountants of India.
I. List of Related Parties :
a) Associate companies where Directors or Relatives of Director are
Directors. (i) Mangalam Exim Private Limited
(ii) Shree Kumar Mangalam Traders Private Limited
(iii) Harivasta Education Private Limited
(iv) Nalini Stockbrokers Private Limited
(v) Rastogi Textiles Private Limited
(vi) Sobhagya Mercantile Limited
(vii) Hues Developers Private Limited
b) Key Management Personnel
(i) Santkumar Kesardeo Bagrodia - Director (ii) Shailja Santkumar
Bagrodia - Director (iii) Kaushal Atul Mehta - Director.
5. Deferred taxes on Income:- The company is entitled to create
deferred tax asset/ liability in the books of A/ cs with respect to
timing difference of carried forward business and depreciation losses
as well as deprecia- tion. However, in view of carried forward business
& depreciation losses there is no reasonable certainty that the asset
can be realized. Hence the deferred tax asset is not recognized on the
ground of prudence.
6. In the absence of confirmation from some of the parties and
pending reconciliation the debit and credit balances with regard to
recoverable and payable have been taken as reflected in the books. In
the opinion of the Directors, Loans and Advances and Current Assets, if
realized in the ordinary course of business, have the value at which
they are stated in the Balance Sheet.
7. As per Accounting Standard 20 "Earning Per Share" issued by
Institute of Chartered Accountant of India the Company gives following
disclosure for the year.
8. During the year, the Company has provided Rs. NIL/- (P.Y. NIL-),
towards Non- performing Assets in accordance with the prudential norms
prescribed by Reserve Bank of India.
9. The figures of the previous year have been regrouped and recast
wherever necessary to confirm to the groupings of the current year.
Mar 31, 2012
1.1 Terms/Rights attached to equity shares:
The company has only one class of equity share having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
During the year ended 31st March 2012, the amount of per share dividend
recognized as distributions to equity shareholders was Rs. Nil (31st
March 2011 Rs. Nil)
Aggregate Market Value of Quoted Investments Refer Note (a)
a) While determining diminution, other than temporary, in the value of
the long term quoted / unquoted investments, has not been provided as
in the view of the management such diminution is temporary in nature
and as such there is no requirement of making any provision.
2. Contingent Liabilities Not Provided For : -
31.03.2012 31.03.2011
a) Estimated amount of contracts remaining
to be executed on capital account NIL NIL
b) Claims against company not acknowledge
as debts NIL NIL
3. Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)
4. Segment Reporting
Segment Reporting as defined in Accounting Standards 17 is not
applicable as the company is primarily engaged in Finance Activity.
5. Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" issued by the Institute of Chartered
Accountants of India
I. List of Related Parties :
a) Associate companies where Directors or Relatives of Director are
Directors.
(i) Mangalam Exim Private Limited
(ii) Shree Kumar Mangalam Traders Private Limited
(iii) Harivasta Education Private Limited
(iv) Nalini Stockbrokers Private Limited
(v) Rastogi Textiles Private Limited
(vi) Sobhagya Mercantile Ltd
b) Key Management Personnel
(i) Santkumar Kesardeo Bagrodia - Director
(ii) Shailja Santkumar Bagrodia - Director
(iii) Kaushal Atul Mehta - Director.
6. Deferred taxes on Income:-
The company is entitled to create deferred tax asset/ liability in the
books of A/cs with respect to timing difference of carried forward
business and depreciation losses as well as depreciation. However, in
view of carried forward business & depreciation losses there is no
reasonable certainty that the asset can be realized. Hence the deferred
tax asset is not recognized on the ground of prudence.
7. In the absence of confirmation from some of the parties and
pending reconciliation the debit and credit balances with regard to
recoverable and payable have been taken as reflected in the books. In
the opinion of the Directors, Loans and Advances and Current Assets, if
realized in the ordinary course of business, have the value at which
they are stated in the Balance Sheet.
8. As per Accounting Standard 20 "Earning Per Share'''' issued by
Institute of Chartered Accountant of India the Company gives following
disclosure for the year.
9. During the year, the Company has provided Rs. NIL/- (PY. NIL-),
towards Non- performing Assets in accordance with the prudential norms
prescribed by Reserve Bank of India
10. Till the year ended 31 March 2011, the company was using
pre-revised Schedule VI to the Companies Act, 1956, for preparation and
presentation of its financial statements. During the year ended 31
March, 2012 the revised Schedule VI notified under the Companies Act,
1956, has become applicable to the company. the company has
reclassified previous year figures to conform to this year''s
classification. The adoption of revised Schedule VI does not impact
recognition and measurement principles followed for preparation of
financial statements. How- ever, it significantly impacts presentation
and disclosures made in the financial statements, particularly
presentation of balance sheet.
11 The figures of the previous year have been regrouped and recast
wherever necessary to confirm to the groupings of the current year.
Mar 31, 2010
1. Contingent Liabilities Not Provided For : -
31.03.2010 31.03.2009
a) Estimated amount of
contracts remaining to be
executed on capital account NIL NIL
b) Claims against company
not acknowledge as debts NIL NIL
2. Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)
3. Segment Reporting
Segment Reporting as defined in Accounting Standards 17 is not
applicable as the company is primarily engaged in Finance Activity.
4. Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" issued by the Institute of Chartered
Accountants of India
I. List of Related Parties :
a) Associate companies where Relatives of the Managing Director / Chief
Executive Officer are Directors.
(i) Manglam Exim Private Limited
{ii) Shree Kumar Mangalam Traders Private Limited
(iii) Harivasta Education Private Limited
(iv) Nalini Stockbrokers Private Limited
(v) Rastogi Textiles Private Limited
b) Key Management Personnel
(i) S. K Bagrodia
c) Director
(i) Shailja Bagrodia
5. Deferred taxes on Income:-
The company is entitled to create deferred tax asset/ liability in the
books of a/cs with respect to timing difference of carried forward
business and depreciation losses as well as depreciation. However, in
view of carried forward business & depreciation losses there is no
reasonable certainty that the asset can be realized. Hence the deferred
tax asset is not recognized on the ground of prudence.
6. In the absence of confirmation from some of the parties and pending
reconciliation the debit and credit balances with regard to recoverable
and payable have been taken as reflected in the books. In the opinion
of the Directors, Loans and Advances and Current Assets, if realized in
the ordinary course of business, have the value at which they are
stated in the Balance Sheet.
7. Diminution in Value of Long Term Investment
The diminution of Rs NIL (Previous Year Rs 43,00,775) in the value of
aggregate long term investments in quoted equity shares as on 31st
March, 2010 has not been provided as in the view of the management such
diminution is temporary in nature and as such there is no requirement
of making any provision.
8. As per Accounting Standard 20 "Earning Per Share" issued by
Institute of Chartered Accountant of India the Company gives following
disclosure for the year.
9. During the year, the Company has provided Rs. 75,000/- (P.Y.
1,42,500/-), towards Non- performing Assets in accordance with the
prudential norms prescribed by Reserve Bank of India
10 The figures of the previous year have been regrouped and recast
wherever necessary to confirm to the groupings of the current year.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article