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Notes to Accounts of Gujarat Investa Ltd.

Mar 31, 2015

1. Rights, Preferences and Restrictions :

The Company has only one class of equity shares having a par value of Rs. 10/- per share. Each Shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors, if any is subject to the approval of shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of Equity Share will be entitled to receive remaining assets of the company distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Shares held by the Shareholders.

2. Balance of Trade Receivables, Trade Payables, Advances and Deposits are as per the books of accounts and are subject to confirmation from respective parties.

3. Previous year's figures have been regrouped and rearranged wherever applicable.

4. Value of imports accounted on C.I.F. Basis Rs.Nil.

5. Expenditure in foreign currency Rs. Nil (Previous year Rs. Nil)

6. Earning in foreign exchange accounted on F.O.B. Rs. NIL

7. RELATED PARTY TRANSACTIONS :

(A) Relationship :

(i) Key Management Personnel and Relatives

Sri Purshottam Agarwal, Director

Sri Anandkumar Agarwal, Director Smt Somna P. Agarwal, Director

Sri Sumant Periwal, Director

(ii) Associates A

nunay Fab Limited

Global Aman Infratech P. Ltd

(iii) Enterprises over which key management personnel and/or their relatives have significant influence - Nil

8. EARNING PER SHARE :

The Company reports basic and diluted Earnings Per Share (EPS) in accordance with Accounting Standard - 20 on Earnings Per Shares. Basic EPS is computed by dividing the net profit or loss for the year by the weighted average number of Equity Shares outstanding during the year. Diluted EPS is computed by dividing the net profit or loss for the year by the weighted average number of equity shares outstanding during the year, as adjusted for the effects of all dilutive potential equity shares, except where the results are anti dilutive.

9. Expenditure on employees employed throughout the year drawing Rs. 60,00,000/- or more per annum or for a part of the year and drawing is 5,00,000/- or more per month. Rs. NIL

10. Segment Reporting as per AS-17 issued by the Institute of Chartered Accountants of India, for the year ended 31st March, 2015 is Not Applicable.

11. Following companies are associates of the Company as Company hold more than 20% of the Share Capital of those Companies.


Mar 31, 2014

1. Balance of Trade Receivables, Trade Payables, Advances and Deposits are as per the books of accounts and are subject to confirmation from respective parties.

2. Previous year''s figures have been regrouped and rearranged wherever applicable.

3. Value of imports accounted on C.I.F. Basis Rs.Nil.

4. Expenditure in foreign currency Rs. Nil (Previous year Rs. Nil)

5. Earning in foreign exchange accounted on F.O.B. Rs. NIL

6. RELATED PARTY TRANSACTIONS

(A) Relationship

(i) Key Management Personnel and Relatives Sri Purshottam Agarwal, Director Sri Anandkumar Agarwal, Director Smt Somna P. Agarwal, Director Sri Suman Periwal, Director

(ii) Associates Anunay Fab Limited Anjanidhan Industries Limited Aman Global Infratech P. Ltd Bal Hanuman Fabrics P. Ltd

(iii) Enterprises over which key management personnel and/or their relatives have significant influence - Nil

7. EARNING PER SHARE

The Company reports basic and diluted Earnings Per Share (EPS) in accordance with Accounting Standard - 20 on Earnings Per Shares. Basic EPS is computed by dividing the net profit or loss for the year by the weighted average number of Equity Shares outstanding during the year. Diluted EPS is computed by dividing the net profit or loss for the year by the weighted average number of equity shares outstanding during the year, as adjusted for the effects of all dilutive potential equity shares, except where the results are anti dilutive.

8. Computation of Net Profit under Section 198 of the Companies Act, 1956 read with Section 349 of the Act for the purpose of calculating Directors'' Remuneration:

We have been advised that since the directors are not paid any salary, the computation of remuneration under Section 349 is not required,

9. Expenditure on employees employed throughout the year drawing Rs. 60,00,000/- or more per annum or for a part of the year and drawing is 5,00,000/- or more per month. Rs. NIL

10. Segment Reporting as per AS-17 issued by the Institute of Chartered Accountants of India, for the year ended 31st MARCH, 2014 - N.A


Mar 31, 2009

1. Contingent Liabilities not provided for: Nil

2. Estimated amounts of contracts remaining to be executed on Capital Account, not provided for Rs. Nil (previous year Rs. Nil).

3. Additional information pursuant to the Provisions of Part II of Schedule VI of the Companies Act, 1956:

4. Computation of Net Profit under Section 19* of the Companies Act, 1956 read with Section 349 of the Act for the purpose of calculating Directors Remuneration:

We have been advised that since the directors are paid salary only, the computation of remuneration under Section 349 is not required.

5. Previous year figures have been regrouped/ rearranged, whenever necessary.

6 Segment Reporting as per AS-17 issued by the Institute of Chartered Accountants of India, for the year ended 31 st March, 2009 - Not applicable

7. Related Party Disclosures as per AS-18 issued by the Institute of Chartered Accountants of India, for the year ended 31st March, 2009.

(A) Relationship

(i) Key Management Personnel and Relatives

Sri Purshottam Agarwal, Director

Sri Anandkumar Agarwal, Director

Sri Krishnakant Goyal, Director

Sri Anjani R, Agarwal, Director

Smt Somna P. Agarwal

Smt Anshu R. Agarwal (ii) Associates

Suraj Tradelink Private Limited

Anunay Fab Limited (iii) Enterprises over which key management personnel and/or their relatives have significant influence - Nil

8. Statement showing calculation of Earning per Share, as per AS-20 issued by the Institute of Chartered Accountants of India.

 
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