Mar 31, 2016
1. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.
The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.
2. Provisions of Accounting Standard (AS) â 17 on âSegment Reportingâ are not been applicable to the Company.
3. In the opinion of the management, the current assets, loans and advances have a realisable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.
4. Transaction entered with the related party covered by the Accounting Standard (AS) â 18 on âRelated Party Disclosureâ during the period covered by these 6. Balance shown under head Sundry Debtors, Creditors and Advances are subject to confirmation.
5. Previous Yearâs Figures have been re- arranged or re- grouped wherever considered necessary.
6. Figures have been rounded off to the nearest rupees.
7. Figures in brackets indicate negative (-) figures unless specified otherwise.
The company has issued only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.
* Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II in respect of fixed assets related to Depreciation. Accordingly the unamortised carrying value is being depreciated over the revised/ remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to Rs. 82,758.
Mar 31, 2015
1. Terms and rights attached to equity shares
The company has Issued only one class of equity share having a par
value of Rs. 10 per share. Each holder of equity shares is entitled to
vote per share. The company declares and pays dividend if any, in
Indian Rupees. The dividend proposed by the Board or Directors is
subject to approval of the shareholders in the ensuing Annual General
Meeting.
In the event of liquidation of the company, the holders of equity
shares will be entitiled to receive remaining assets of the company,
after distribution of all the preferential amount The distribution will
be in proportion to the number of equity shares held by the shareholder
2. There is no Micro, Small and Medium Enterprises as defined under
Micro, Small &Medium Enterprises Development Act, 2006 to which Company
owes dues which are outstanding for a period more than 45 days as on
Balance Sheet Date.
The above information regarding Micro. Small and Medium Enterprises has
been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.
3. Provisions of Accounting Standard (AS) - 17 on 'Segment Reporting'
are not been applicable to the Company.
4. In the opinion of the management, the current assets, Loans and
advances have a realisable value in the ordinary course of business is
not less than the amount at which they are stated in the Balance Sheet.
5. Transaction entered with the related party covered by the
Accounting Standard (AS) - 18 on 'Related Party Disclosure' during the
period covered by these financial statements.
(a) Related Parties Covered: -
(i) Key Management Personnel Atut Mittal - Director
Abhishek Bansal- Director
Khushboo Agarwal- Director
Anil Kumar Dhand- Director
Asha Hand Sharma- Director
Y.I.P Sehgal- Director
Nishant Sehgal - Director
Prashant Sehgal- Director
(ii) Relatives of Key Management None
Personnel
(iii) Enterprises owned or N.P. Investment and Leasing
significantly influenced by the Key Pvt. Ltd.
Management Personnel or their
Relatives
(b) Transaction with Related Parties: - NIL
6. Balance shown under head Sundry Debtors, Creditors and Advances
are subject to confirmation,
7. Previous Year's Figures have been re arranged or re- grouped
wherever considered necessary.
8. Figures have been rounded off to the nearest rupees.
9. Figures in brackets indicate negative (-) figures unless specified
otherwise.
Mar 31, 2014
1. CONTINGENT LIABILITIES
There are no Contingent Liabilities in the Company.
2. There are no Micro, Small and medium enterprises to whom the
company owes dues, which are outstanding for more than 45 days as on
31st March, 2013. This information required to be disclosed under the
Micro, Small and Medium Enterprises Development Act, 2006, has been
determined to the extent such parties have been identified on the basis
of information available with the company.
3. Related party disclosures
Information regarding related party transactions as per Accounting
Standard AS-18 " Related Party Disclosures" notified by Companies
(Accounting Standards) Rules, 2006 (as amended)
List of Related parties
A. Companies/Firm under common control
S.No. Name of the Company/Firm
1. N.P Investment and Leasing Pvt. Ltd.
B. Key Management Personnel and their relatives
S.No. Name Relationship
1. Y.I.PSehgal Director
2. Nishant Sehgal Director
3. Prashant Sehgal Director
4. Abhishek Bansal Director
5. Anil Kumar Dhand Director
6. Asha Nand Sharma Director
4. Figures of previous year have been regrouped or rearranged wherever
found necessary and the same are appearing in brackets.
Mar 31, 2012
1. CONTINGENT LIABILITIES
2012 2011
Rs. In Lacs Rs. In Lacs
Bank Guarantees obtained from Banks 21.70 21.70
2. Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and
Unsecured Loans are subject to reconciliation and confirmations
3. Long term investments are stated at cost. Diminution in the value of
Investments is not provided for, in the opinion of the management, the
decline in the value of the investment is temporary in nature.
4. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realisation in the ordinary course of business at least
equal to the amount at which they are stated and provisions for all
known liabilities have been made.
5. a. In accordance with the Accounting Standard 22 relating to Taxes on
Income and made applicable with effect from 1st day of April, 2002, the
accumulated deferred tax liability as on 1.4.2009 amounting to
Rs.3592582.00 is adjusted from General Reserves.
b. Deferred tax assets are not recognised in repsect of brought forward
depreciation and business loss in the absence of convincing evidence
that sufficient future taxable income will be available against which
such brought forward depreciation allowance and business loss will be
set off.
6. Related Party Transactions:
As per Accounting Standard No. 18, issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below:
A. Name of Related Parties and description of relationship :
Associates : M/s.N.P. Investment & Leasing Pvt.Ltd.
Key Management Personnel : 1. Mr. Y.I.P. Sehgal
2. Mr. Nishant Sehgal
7. Previous year figures have been regrouped/rearranged whereever found
necessary.
8. Schedule No. 1 to 17 are integral part of Balance Sheet and Profit
and Loss account.
Mar 31, 2011
1. CONTINGENT LIABILITIES
2011 2010
Rs In Lacs Rs. In Lacs
Bank Guarantees obtained from Banks 21.70 38 97
2. Balances of Sundry Debtors, Sundry Creditors. Loans and Advances and
Unsecured Loans are subject to reconciliation and confirmations
3. Long term investments are stated at cost. Diminution in the value of
Investments is not provided for, in the opinion of the management, the
decline in the value of the investment is temporary in nature.
4. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realisation in the ordinary course of business at least
equal to the amount at which they are stated and provisions for all
known liabilities have been made.
5. a In accordance with the Accounting Standard 22 relating to Taxes on
Income and made applicable with effect from 1st day of April, 2002, the
accumulated deferred tax liability as on 1.4 2009 amounting to
Rs.3552582.00 is adjusted from General Reserves.
6. Deferred tax assets are not recognised in repsect of brought
forward depreciation and business loss in the absence of convincing
evidence that sufficient future taxable income will be available
against which such brought forward depreciation allowance and business
loss will be set off.
7. Break up of deferred tax assets and deferred tax liabilities is as
under:
8. Related Party Transactions:
As per Accounting Standard No 18, issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below
A Name of Related Parties and description of relationship :
Associates : M/s.N.P Investment & Leasing Pvt.Ltd.
Key Management Personnel : 1 Mr. Y.I.P Sehgal
2 Mr. Nishant Sehgal
9. Previous year figures have been regrouped/rearranged whereever found
necessary.
13 Schedule No. 1 to 17 are integral part of Balance Sheet and Profit
and Loss account