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Notes to Accounts of Jay Mahesh Infraventures Ltd.

Mar 31, 2015

Not available


Mar 31, 2014

A.Terms Rights attached to Equity Shares

The company has only one class of Equity Shares having a par value of Rs.10/- each.Each holder of Equity share is entitiled to one vote per share.

In the event of liquidation of the company,the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1. Contingent Liabilities:

There are no contingent liabilities as at the balance sheet date.

2. Loans, Advances and sundry debtors stated in the Balance Sheet, in the opinion of the management are realizable in the ordinary course of business.

3. Balances of sundry creditors and Sundry Debtors are subject to confirmation by the parties.

4. The Board of Directors passed a resolution on 8.04.2011 to discontinue NBFC business.

5. Quantitative details:

The company is engaged in trading of commodities and does not involve in production and sales of any goods. It is not possible to give the quantitative details of sales and other information as required under the paragraph 3, 4C and 4D of Part - II of Schedule VI of the Companies Act, 1956.

6. Related Party Transactions:

a) Directors : Remuneration paid to whole time directors: NIL


Mar 31, 2013

1. Contingent Liabilities:

There are no contingent liabilities as at the balance sheet date.

2. Loans, Advances and sundry debtors stated in the Balance Sheet, in the opinion of the management are realizable in the ordinary course of business.

3. Balances of sundry creditors and Sundry Debtors are subject to confirmation by the parties.

4. The Board of Directors passed a resolution on 8.04.2011 to discontinue NBFC business.

5. Quantitative details:

The company is engaged in trading of commodities and does not involve in production and sales of any goods. It is not possible to give the quantitative details of sales and other information as required under the paragraph 3, 4C and 4D of Part – II of Schedule VI of the Companies Act, 1956.

6. Auditors Remuneration:

2012-13 (Rs.) 2011-12 (Rs.)

As Statutory Auditors 25000 25000 As advisors in respect of:

1) Taxation Matters 5000 5000

2) Company Law Matters 5000 2000

Total 35000 35000

7. Related Party Transactions:

a) Directors : Remuneration paid to whole time directors:Rs 2,40,000

8. Foreign Exchange Earnings/ Outgoings: 2012-13 2011-12

Export Earnings: Nil Nil

Expenditure: Purchases Nil Nil

9. Previous year figures are regrouped wherever necessary.


Mar 31, 2012

A. Terms Rights attached to Equity Shares

The company has only one class of Equity Shares having a par value of Rs.10/- each.Each holder of Equity share is entitiled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1. Contingent Liabilities:

There are no contingent liabilities as at the balance sheet date.

2. Loans, Advances and sundry debtors stated in the Balance Sheet, in the opinion of the management are realizable in the ordinary course of business.

3. Balances of sundry creditors and Sundry Debtors are subject to confirmation by the parties.

4. The Board of Directors passed a resolution on 8.04.2011 to discontinue NBFC business.

5. Quantitative details:

The company is engaged in trading of commodities and does not involve in production and sales of any goods. It is not possible to give the quantitative details of sales and other information as required under the paragraph 3, 4C and 4D of Part - II of Schedule VI of the Companies Act, 1956.

6. Previous year figures are regrouped wherever necessary.


Mar 31, 2011

1. Contingent Liabilities:

There are no contingent liabilities as at the balance sheet date.

2. Based on the guiding principles given in Accounting Standard on Segment Reporting (AS-17) issued by The Institute of Chartered Accountants of India, the company''s primary business segment is Loans & Investments and the company is registered with RBI to carry on the business as NBFI. During the year the year the company has realized revenues from real estate consultancy and the details of segment wise revenues recorder are as under:

3. Loans, Advances and sundry debtors stated in the Balance Sheet, in the opinion of the management are realizable in the ordinary course of business.

4. Balances of sundry creditors and Sundry Debtors are subject to confirmation by the parties.

5. The Board of Directors passed a resolution on 8.04.2011 to discontinue NBFI business.

6. Quantitative details:

The company is engaged in loans & Investments and does not involve in production and sales of any goods. It is not possible to give the quantitative details of sales and other information as required under the paragraph 3, 4C and 4D of Part - II of Schedule VI of the Companies Act, 1956.

7. Related Party Transactions:

a) Directors :

Remuneration paid to whole time directors:Rs 2,40,000

8. Previous year figures are regrouped wherever necessary.


Mar 31, 2010

1) The Company is engaged in financing and investment activities.

2) The figures are rounded off to the nearest rupee.

3) Balance in sundry debtors, sundry creditors, deposits, investments, Loans and advances remain unconfirmed.

4) Previous year figures are regrouped and recast wherever necessary to conform to the present classification.

5) No Deferred tax asset has been recognized and carried forward in the books of accounts as there is no reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

6) No further information pursuant to Paragraph 4c and 4d of the Part II of the Schedule VI of the Companies Act, 1956 is given as the same does not apply to the Company.


Mar 31, 2009

1) The Company is engaged in financing and investment activities.

2) The figures are rounded off to the nearest rupee.

3) Balance in sundry debtors, sundry creditors, deposits, investments, Loans and advances remain unconfirmed.

4) Previous year figures are regrouped and recast wherever necessary to conform to the present classification.

5) No Deferred tax asset has been recognized and carried forward in the books of accounts as there is no reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

6) No further information pursuant to Paragraph 4c and 4d of the Part II of the Schedule VI of the Companies Act, 1956 is given as the same does not apply to the Company.

 
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