Mar 31, 2015
1 Pursuant to transitional provisions prescribed in schedule II to the
Companies Act, 2013, the Company has adjusted an amount of 5.23 Lacs
against the opening balance in the statement of Profit & Loss under
Reserve and Surplus
2 The Company has given interest free security deposit of Rs 50,00,000
to Mr. Lalit Dangi, a Director of the Company, in respect of the office
premises taken on lease from him, with the stipulation that no
compensation will be payable to him.
3 In the Opinion of the Board of Directors, the Current Assets, Loans
& Advances are approximately of the value stated in the Balance Sheet
as at 31st March, 2015, if realized in the ordinary course of business.
Provision for depreciation and all known liabilities has been made and
is adequate and not in excess of the amount reasonably necessary.
4 The company is required to furnish the list of outstanding to Small
Scale Industrial undertakings under the head Current Liabilities. The
Company does not have the information about the registration of small
scale industries.
5 RELATED PARTY DISCLOSURE
(As Identified & Certified by The Management Of Company)
(1) Relationship:
(a) Parties Where control exist : Nil
(b) Other Parties with Whom the Company has entered into transaction or
not during the year : (i) Libord Securities Limited
(ii) Libord Consultants Limited
(iii) Libord Export Private Limited
(iv) Neha System Service Private Limited
(v) Vikrmaditya Trading Limited
(vi) Libord Advisors Private Limited
(vii) Libord Stock Brokers Private Limited
(viii) Libord Asset Reconstruction Company Private Limited
(ix) Libord Commodity Futures Private Limited
(x) Vee Global Financial Services Private Limited
(c) Key Management Personnel
1. Vandna Dangi
2. Nawal Agrawal
Mar 31, 2014
1. CONTINGENT LIABILITIES
Corporate Guarantees given to financial Institutions against
credit facilities extended to other
bodies corporate 800,000 800,000
2. The Company has given interest free security deposit of Rs 50,00,000
to Mr. Lalit Dangi, a Director of the Company, in respect of the office
premises taken on lease from him, with the stipulation that no
compensation will be payable to him.
3. In the Opinion of the Board of Directors, the Current Assets, Loans
& Advances are approximately of the value stated in the Balance Sheet
as at 31st March, 2014, if realized in the ordinary course of business.
Provision for depreciation and all known liabilities has been made and
is adequate and not in excess of the amount reasonably necessary.
4. The company is required to furnish the list of outstanding to Small
Scale Industrial undertakings under the head Current Liabilities. The
Company does not have the information about the registration of small
scale industries.
5. RELATED PARTY DISCLOSURE (As Identified & Certified by The
Management Of Company)
(1) Relationship:
(a) Parties Where control exist : Nil
(b) Other Parties with Whom the Company has entered into transaction or
not during the year :
Libord Securities Limited
Libord Consultants Limited
Libord Export Private Limited
Neha System Service Private Limited
Vikrmaditya Trading Limited
Libord Advisors Private Limited
Libord Stock Brokers Private Limited
Libord Asset Reconstruction Company Private Limited
Libord Commodity Futures Private Limited
Vee Global Financial Services Private Limited
(c) Key Management Personnel
Vandna Lalit Dangi
6. The balances of certain Trade Receivables/ Payables/ Short term
loans and advances are subject to confirmation and reconciliation
thereof, if any.
7. Previous year figures have been regrouped / rearranged wherever
necessary / possible.
Mar 31, 2013
1. In the Opinion of the Board of Directors, the Current Assets,
Loans & Advances are approximately of the value stated in the Balance
Sheet as at 31st March, 2013, if realized in the ordinary course of
business. Provision for depreciation and all known liabilities has been
made and is adequate and not in excess of the amount reasonably
necessary.
2. The company is required to furnish the list of outstanding to
Small Scale Industrial undertakings under the head Current Liabilities.
The Company does not have the information about the registration of
small scale industries.
3. Related Party Disclosure
(As identified & Certified by The Management Of Company)
(1)Relationship:
a)Parties Where control exist: Nil
b)Other Parties with Whom the Company has entered into transaction or
not during the year - Associates
1 Vikrmaditya Trading Limited
2 Libord Securities Limited
3 Libord Consultants Limited
4 Libord Export Private Limited
5 Neha System Service Private Limited
6 Libord Advisors Private Limited
4. The balances of certain Trade Receivables/ Payables/ Short term
loans and advances are subject to confirmation and reconciliation
thereof, if any.
5. Previous year figures have been regrouped / rearranged wherever
necessary / possible.
c) Key Management Personnel 1. Vandna Dangi]
Mar 31, 2012
1 The company is required to furnish the list of outstanding to Small
Scale Industrial undertakings under the head Current Liabilities. The
Company had requested the vendors to furnish the information with SSI
Registration Number. Due to non receipt of feedback from Vendors the
company is unable to provide such information in its accounts.
2 The balances of certain Trade Receivables/ Payables/ Short term
loans and advances are subject to confirmation and reconciliation
thereof, if any.
3 Previous year figures have been regrouped / rearranged wherever
necessary / possible.
4 Loans and advances includes Rs 17,50,000 as an advance against
purchase of immovable properties. The Company doesn't have the
documents in relation to those proerties other than the receipts. The
Company has taken necessary steps including filing of cases. The
management is quite confident about the recovery of the said dues and
accordingly no provision for doubtful debts has been considered
necessary by the management.
5 The Company has given interest free security deposit of Rs 50,00,000
to Mr Lalit Dangi, a director of the Company, in respect of the office
premises taken on lease from him, with the stipulation that no
compensation will be payable to him.
6 RELATED PARTY DISCLOSURE
(As Identified & Certified by The Management Of Company)
(1) Relationship:
a) Parties Where control exist: Nil
b) Other Parties with Whom the Company has entered into transaction or
not during the year - Associates
Vikramaditya Trading Limited
Libord Securities Limited
Libord Consultants Limited
Libord Export Pvt. Limited
Neha System Service Pvt Limited
c) Key Management Personnel
Lalit Dangi
Vandna Lalit Dangi
Mar 31, 2011
1. Contingent Liabilities not provided for: Rs 8 Lacs (Previous Year
Rs 8 Lacs)
2. (a) Company has paid a sum of Rs.60,00,000/- as advance towards
purchase of immovable properties in earlier year.
Company does not have any document other than receipts, The Company has
taken appropriate steps to recover the said amount. Hence in the
opinion of the management the provision for doubtful debts has not been
considered necessary.
3. The Company has given an interest free security deposit of
Rs.25,00,000/- to Mr.Lalit Dangi, a director of the Company in respect
of office premises taken from him on leave & licence basis with the
stipulation that no compensation would be payable to him.
4. The Company had given an interest free Security Deposit of
Rs.25,00,000/- to Mrs. Vandna Dangi, Director of the Company in respect
of the office premises taken from her on leave and license basis with
the stipulation that no compensation would be payable to her.
5. Balances of Sundry Debtors, Sundry Creditors, Loans and advances
are subject to confirmation, reconciliation and consequential
adjustments, if any.
6. In the opinion of the Board, current assets, loans & advances have
a realisable value in the ordinary course of business at least equal to
the amount at which they are stated, except Doubtful Debts, Loans &
Advances mentioned in para 2 above.
Mar 31, 2010
1. Contingent Liabilities not provided for: NIL
2. (a) Loans and advances and interost thereon aggregating to Rs.
1,14,62,641/- and Advances given to staff aggregating to Rs 55,210/-
are overdue from parties concerned. The Company has taken suitable
measures including filing legal cases wherever considered appropriate
to recover the said dues and is hopeful of recovering the same in due
course.
(b) Debtors aggregating to Rs.70,13,889/- are overdue from parties
concerned. The Company has taken suitable measures including filing
legal cases wherever considered appropriate to recover the said dues
and is hopeful of recovering the same in due course.
(c) Company has paid a sum of Rs. 67,35,000/- as advance towards
purchase of immovable properties in earlier year. Company does not
have any document other than receipts, considered to be doubtful and
not provided for
3. The Company has given an interest free security deposit of
Rs.25,00,000/- to Mr.Lalit Dangi, a director of the Company in respect
of office premises taken from him on leave & licence basis with the
stipulation that no compensation would be payable to him.
4. The Company had given an interest free Security Deposit of
Rs.25,00,000/- to Mrs. Vandna Dangi, wife of the Managing Director of
the Company in respect of the office premises taken from her on leave
and license basis with the stipulation that no compensation would be
payable to her.
5. Balances of Sundry Debtors, Sundry Creditors, Loans and advances
and one Bank account with State Bank of Hyderabad showing a balance of
Rs. 39,915 are subject to confirmation, reconciliation and
consequential adjustments, if any.
6. In the opinion of the Board, current assets, loans & advances have
a realisable value in the ordinary course of business at least equal to
the amount at which they are stated, except Doubtful Debts, Loans &
Advances mentioned in para 2 above.
7. The Company has complied revised AS-15 in respect of provision of
Gratuity in the books of account for the previous year as well as for
the current year.
8. The figures of the previous year have been regrouped / rearranged
wherever considered necessary.
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