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Notes to Accounts of Jay Energy and S. Energies Ltd.

Mar 31, 2014

1. OTHER NOTES

Note: 1: Employee Benefit

The company/assessee does not recognize post employment benefits as required by Accounting Standard 15 (Revised) issued by the Institute of Chartered Accountants of India. However, in the absence of any actuarial valuation or required details, we are unable to ascertain the effect of the same on the profit or loss for the year.

Note: 2: Foreign Income & Expenditure

No Income & Expenditure have been incurred in foreign currency during the year.

Note: 3: Previous year Figures

These Financial Statements have been prepared in the format prescribed by the Revised Schedule VI to the Companies Act, 1956 as notified by the Central Government of India. This has significantly impacted the disclosure & Presentation made in the financial Statement Previous year's figures have been regrouped / restated wherever necessary it comparable with the current year's figures.

2 INFORMATION PURSUANT TO THE PROVISIONS OF PART II OF SCHEDULE VI OF THE COMPANIES ACT,1956 (VIDE NOTIFICATION DATED 30TH OCTOBER 1973 OF THE DEPARTMENT OF COMPANY AFFAIRS,GOVERNMENT OF INDIA)

As there are no trade transactions during the year, this matter is not applicable.

3. LICENSED AND INSTALLED CAPACITY (PER ANNUM)

As the company is not in the process of manufacturing activities, this matter is also not applicable.

4. Previous years figures have been regrouped / rearranged wherever necessary to confirm to the current year classification.


Mar 31, 2012

1. In the opinion of the Board, the current assets and loans and advances are approximately of the value at which they have been stated, if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of amounts reasonably necessary.

2. Balances of sundry debtors, creditors, loans and advances and the accounts squarred up during the year are subject to confirmation and hence subject to adjustments, if any, arising out of reconciliation from respective parties.

3. Where external evidence in the form of cash memos, bill, stamped receipts etc. were not available the internal vouchers have been prepared by the company and authorized by authorized signatory.

4. Management has initiated the process of identifying enterprises, which have provided goods and services to the company and which qualify under the definition of micro and small enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 (MSMEDA) and circularized the letters for this purpose. But the Company has not received any intimation from the suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence the disclosures relating to amount unpaid as at the end of the year together with interest payable as reqwuired under the said act has not been furnished and provision for interest, if any, on delayed payment is not ascertainable at this stage. However in the opinion of the management it would not be material.

5. The Company has not made provisions for Current Income Tax for the year due to losses to

6. None of such transaction has taken place during the year with the related parties which has to be disclosed as per Accounting Standard 18, issued by the Institute of Chartered Accountants of India.

7. Remuneration to Directors for the year Rs. NIL.

8. Contingent liabilities not provided for Rs. NIL.

9. Earnings/Expenditure in Foreign Currency Rs. NIL.


Mar 31, 2011

1. In the opinion of the Board, the current assets and loans and advances are approximately of the value at which they have been stated, if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of amounts reasonably necessary.

2. Balances of sundry debtors, creditors, loans and advances and the accounts squarred up during the year are subject to confirmation and hence subject to adjustments, if any, arising out of reconciliation from respective parties.

3. Where external evidence in the form of cash memos, bill, stamped receipts etc. were not available the internal vouchers have been prepared by the company and authorized by authorized signatory.

4. Management has initiated the process of identifying enterprises, which have provided goods and services to the company and which qualify under the definition of micro and small enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 (MSMEDA) and circularized the letters for this purpose. But the Company has not received any intimation from the suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence the disclosures relating to amount unpaid as at the end of the year together with interest payable as reqwuired under the said act has not been furnished and provision for interest, if any, on delayed payment is not ascertainable at this stage. However in the opinion of the management it would not be material.

5. The Company has provided Rs.2,65,000 as Provison for Current Income Tax for the year.

6. None of such transaction has taken place during the year with the related parties which has to be disclosed as per Accounting Standard 18, issued by the Institute of Chartered Accountants of India.

7. Earning per Equity Share :

Basic and Diluted Earnings per Equity Share are recorded in accordance with Accounting Standard 20 "Earning Per Share". Earning per share is calculated by dividing the profit attributable to the Equity Shareholders (after adjustment for deferred taxes) by the weighted average number of Equity Shares outstanding during the period. The numbers used in calculating Basic and Diluted Earnings per Equity Share are as stated below.

8. Remuneration to Directors for the year Rs. NIL.

9. Contingent liabilities not provided for Rs. NIL.

10. Earnings/Expenditure in Foreign Currency Rs. NIL.


Mar 31, 2010

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under:

a) Audit fees Rs. 5000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3,4C, and 4D of Part- II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2009

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under :

a) Audit fees Rs. 5000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.

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