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. The company declares and pays dividends in Indian Rupees.
The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting.
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) In the event of liquidation of the company, the
holders of equity shares will be entitled to receive remaining assets
of the company. The distribution will be proportional to the number of
equity shares held by the shareholders.
2. Segment Information (AS - 17)
The primary reporting of the company has been performed on the basis of
business segment. The company is engaged into three business segments,
providing financial services, investment (Finance & Investment) and
trading in shares (Trading in Shares). Segments have been identified
and reported based on the nature of the products, the risks and
returns, the organisation structure and the internal financial
reporting systems.
Segment revenue and result
The expenses that are not directly attributable and that cannot be
allocated to a business segment on a reasonable basis are shown as
unallocated corporate expenses.
Segment assets and liabilities
Segment assets include all operating assets used by the business
segment and consist principally of fixed assets, investments and
current assets. Segment liabilities comprise of loan funds which can be
identified directly against the respective segments and includes
segment current liabilities and provisions. Assets and liabilities that
have not been allocated between segments are shown as part of
unallocated corporate assets and liabilities respectively.
3. The Company was not required to provide any loss on impairment of
assets during the year as per the recommendations of Accounting
Standard - 28 Impairment of Assets, issued by the Institute of
Chartered Accountants of India.
4. Details of dues to Micro and Small Enterprises as defined under the
MSMED Act, 2006
Based on the intimation received by the Company, none of the suppliers
have confirmed to be registered under "The Micro, Small and Medium
Enterprises Development (''MSMED'') Act, 2006". Accordingly, no
disclosures relating to amounts unpaid as at the year end together with
interest paid /payable are required to be furnished.
5. Previous year figures
The previous year figures have been regrouped and reclassified wherever
necessary to make them comparable with the current year figures
6. In the opinion of the Board, the Current Assets, Loans & Advances
are realizable in the ordinary course of business at least equal to the
amount at which they are stated in the Balance Sheet. The provision for
all known liabilities is adequate and not in excess of the amount
reasonably necessary.
Mar 31, 2013
1 Segment reporting
The primary reporting of the company has been performed on the basis of
business segment. The company is organised into two business segments,
providing financial services & investment (Finance & Investment) and
trading in shares (Trading in Shares). Segments have been identified
and reported based on the nature of the products, the risks and
returns, the organisation structure and the internal financial
reporting systems.
2. Related Party Disclosures
Name of related parties and related party relationship:
a) Related parties where control
Holding Company Nil
b) Key Management Personnel :
L.N.Sharma Managing Director
C) Fellow Subsidiary Companies Nil
d) Fellow Step Down Subsidiary Nil
e) Other Related Parties (in which either of the directors or their
relatives have significant influence) Indergiri Securities Pvt Ltd
Indergiri Share & Stock Brokers Pvt Ltd Manoo Finance And Investment
Pvt Ltd Pranoo Financial Services Pvt Ltd Bagra Financial Services Pvt
Ltd Kaizen Finance Pvt Ltd
f) Related parties with whom transaction have taken place during the
year
3. The Company provided loss on impairment of assets during the year
as per the recommendations of Accounting Standard - 28 Impairment of
Assets, issued by the Institute of Chartered Accountants of India.
4. Details of dues to Micro and Small Enterprises as defined under
the MSMED Act, 2006
Based on the intimation received by the Company, none of the suppliers
have confirmed to be registered under "The Micro, Small and Medium
Enterprises Development (''MSMED'') Act, 2006". Accordingly, no
disclosures relating to amounts unpaid as at the year end together with
interest paid /payable are required to be furnished
5. Previous year figures
Till the year ended 31 March 2012, 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, 2013 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. Except accounting for dividend on investments in
subsidiaries, the adoption of revised Schedule VI does not impact
recognition and measurement principles followed for preparation of
financial statements. However, it significantly impacts presentation
and disclosures made in the financial statements'', particularly
presentation of balance sheet.
6. In the opinion of the Board, the Current Assets, Loans & Advances
are realizable in the ordinary course of business at least equal to the
amount at which they are stated in the Balance Sheet. The provision for
all known liabilities is adequate and not in excess of the amount
reasonably necessary.
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. The company declares and pays dividends in Indian Rupees.
The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31st March 2012, the amount of per share
dividend recognized as distributions to equity shareholders was Rs.
Nil(31stMarch2011 Rs. Nil)
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company. The
distribution will be proportional to the number of equity shares held
by the shareholders.
As per records of the company, including its register of
shareholders/members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents both
legal and beneficial ownerships of shares.
Segment revenue and result
The expenses that are not directly attributable and that cannot be
allocated to a business segment on a reasonable basis are shown as
unallocated corporate expenses.
Segment assets and liabilities
Segment assets include all operating assets used by the business
segment and consist principal ly of fixed assets, investments and
current assets. Segment liabilities comprise of loan funds which can be
identified directly against the respective segments and includes
segment current liabilities and provisions. Assets and liabilities that
have not been allocated between segments are shown as part of
unallocated corporate assets and liabilities respectively.
2. Related Party Disclosures (AS -18)
Name of related parties and related party relationship:
a) Related parties where control exists:
Holding Company Nil
b) Key Management Personnel:
L.N.Sharma Managing Director
c) Fellow Subsidiary Companies: Nil
d) Fellow Step Down Subsidiary Nil
e) Other Related Parties (in which either of the directors or their
relatives have significant influence)
Indergiri Securities Pvt Ltd
Indergiri Share & Stock Brokers Pvt Ltd Manoo Finance And Investment
Pvt Ltd Pranoo Financial Services Pvt Ltd Bagra Financial Services Pvt
Ltd Kaizen Finance Pvt Ltd
3. The Company provided loss on impairment of assets during the year
as per the recommendations of Accounting Standard -28 Impairment of
Assets, issued by the Institute of Chartered Accountants of India.
4. Details of dues to Micro and Small Enterprises as defined under
the MSMED Act, 2006 Based on the intimation received by the Company,
none of the suppliers have confirmed to be registered under "The Micro,
Small and Medium Enterprises Development ("MSMED") Act, 2006".
Accordingly, no disclosures relating to amounts unpaid as at the year
end together with interest paid /payable are required to be furnished.
5. Previous year figures
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. Except accounting for dividend on investments in
subsidiaries, the adoption of revised Schedule VI does not impact
recognition and measurement principles followed for preparation of
financial statements. However, it significantly impacts presentation
and disclosures made in the financial statements, particularly
presentation of Balance Sheet.
6. In the opinion of the Board, the Current Assets, Loans & Advances
are realizable in the ordinary course of business at least equal to the
amount at which they are stated in the Balance Sheet. The provision for
all known liabilities is adequate and not in excess of the amount
reasonably necessary.
Mar 31, 2010
1. Balances of Sundry Debtors, Sundry Creditors and Loan and Advances
are subject to confirmation,
2. No depreciation is required to be provided since appropriate
depreciation as required pursuant to the Companies Act, 1956 has
already been provided during the earlier years.
3. Additional information as required under part II of Schedule VI of
the Companies Act, 1956 has been given to the extent applicable to the
Company.
4. Additional information pursuant to Part IV of Schedule VI of the
Companies Act, 1956 is annexed at Annexure I.
5. As the Company is engaged only in one line of business i.e.
investment and financing, no separate reportable segment is
identifiable as required by AS-17 on segment reporting.
6. Related parties disclosures:
(i) List of Related parties:
S.N. Name of the Related Party Relationship
1 Indergiri Securities Pvt. Ltd. Associate
2 Indergiri Share & Stock Brokers
Pvt. Ltd. Associate
3 B.P.Rauka Director
4 Kishan Sharma Director
5 DilipArora Director
6 Laxmi Narayan Sharma Managing Director
7 Manoo Finance & Inv. Pvt. Ltd. Associate
8 Pranoo Financial Services
Pvt. Ltd. Associate
9 Kaizen Finance Pvt. Ltd. Associate
10 Bagra Financial Services
Pvt. Ltd. Associate
11 Vaibhav Transport Pvt. Ltd. Associate
7. Earning per share is 0.32 for the year 2009-10 and 0.07 for the
year 2008-09, and has been calculated as per AS 20 issued by ICAI on
the basis of number of Equity Shares issued which has. been adjusted
to the paid up amount and profit/(loss) for the year. There is no
dilution in Earning Per Share as no fresh issue of Equity or potential
Equity was made during the current year.
8. Sundry Creditors includes Rs. Nil dues to the Small Scale
Industrial Undertaking to whom an amount in excess of Rs. 1.00 lac each
is payable and outstanding for more than 30 days. The above information
regarding small scale industrial undertaking has been determined to the
extent such parties have been identified on the basis of the
information available to the Company.
9. Sundry Creditors includes Rs. Nil dues to Micro, Small and Medium
Enterprises Development Act, 2006 (MSMED). The above information
regarding MSMED has been determined to the extent such parties have
been identified on the basis of the information available to the
Company.
10. Estimated amount of contracts remaining to be executed on capital
account Rs. NIL (Previous Year Rs.8lacs)
11. Figures given in the brackets are for the previous year.
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