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Notes to Accounts of Harmony Capital Services Ltd.

Mar 31, 2014

I. Contingent Liabilities — NIL — — NIL —

ii. Earnings Per Share (As per AS - 20) NIL 0.02

iii. Taxes on Income

In terms of Accounting Standard 22 on "Accounting for Taxes on Income" as notified by the Companies (accounting standard) Rules, 2006 the Company has recognized Deferred Tax Assets Rs. NIL/- for the year ended 31st March, 2014 in the Profit & Loss A/c.

The accumulated balance in Net Deferred Tax Liability/ (Assets) comprises of:-

iv. No Dividend declared in the current year.

v. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

vi. Previous year''s figures have been regrouped, rearranged and recast wherever found necessary.

vii. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

viii. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.


Mar 31, 2013

I. Contingent Liabilities :- --- NIL --- --- NIL ---

ii. Earnings Per Share (As per AS – 20) 0.02 0.01

iii. Taxes on Income

In terms of Accounting Standard 22 on "Accounting for Taxes on Income" as notified by the Companies (accounting standard) Rules, 2006 the Company has recognized Deferred Tax Assets Rs. NIL/- for the year ended 31st March, 2013 in the Profit & Loss A/c.

The accumulated balance in Net Deferred Tax Liability/ (Assets) comprises of:-

iv. No Dividend declared in the current year.

v. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

vi. Previous year''s figures have been regrouped, rearranged and recast wherever found necessary.

vii. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

viii. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.


Mar 31, 2012

I. No Dividend declared in the current year.

ii. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated. ix. Previous year's figures have been regrouped, rearranged and recast wherever found necessary.

iii. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

vi. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.


Mar 31, 2011

1. Taxes on Income

In terms of Accounting Standard 22 on "Accounting for Taxes on Income" as notified by the Companies (accounting standard) Rules, 2006 the Company has recognized Deferred Tax Assets Rs. NIL/- for the year ended 31st March, 2011 in the Profit & Loss A/c.

The accumulated balance in Net Deferred Tax Liability/ (Assets) comprises of:-

2. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

3. Previous year's figures have been regrouped, rearranged and recast wherever found necessary.

4. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

5. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.


Mar 31, 2010

1. Taxes on Income

In terms of Accounting Standard 22 on "Accounting for Taxes on Income" as notified by the Companies (accounting standard) Rules, 2006 the Company has recognized Deferred Tax Assets Rs. NIL/- for the year ended 31st March, 2010 in the Profit & Loss A/c.

The accumulated balance in Net Deferred Tax Liability

(Assets) comprises of:-

2. No Dividend declared in the current year.

3. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

4. Previous years figures have been regrouped, rearranged and recast wherever found necessary.

5. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

6. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.