Mar 31, 2014
1. A sum of Rs.500000/- paid for extra Stamp Duty under Stamp Duty Act
on Land Plot No. 68 at Jaipur for owner / Builders Agreement and shown
in the Statement of Profit and Loss under " Exceptional Items ".
2. To the extent known there are no dues outstanding in favour of any
Micro Enterprises & Small Enterprises.
3. Impairment of Asset :-
The indicators listed in Paragraph 8 to 10 of Accounting Standard
(AS-28) . Impairment of Assets issued by the Institute of Chartered
Accountants of India have been examined and on such examination it was
found that none of the indicators are present in case of the Company.
4. Related Party Transaction
In accordance with accounting standard 18, the disclosures required are
given below Names of related party, description of relationship and
amount : -
a) Remuneration to Director Rs. 1,80,000.00 Rs. 1,80,000.00
b) Rent to Sudhir Kumar Parasrampuria H.U.F. Rs. Nil Rs. 24,000.00
c) Rent to Amber Mercantiles Ltd. Rs. 12,000.00 Rs. 12,000.00
(In which Sudhir Kumar Parasrampuria, & Smt. Parwati Parasrampuria, are
Directors)
d) (i) Unsecured Loans Rs. 2,53,14,423.00 including opening balance of
Rs. 1,32,64,423.00 given to Bhuramal Durgi Devi Parasrampuria Public
Charitable Trust ( Associate concern ) and received back
Rs.44,00,000.00 during the year & Interest Rs. 7,02,212.00, earned on
the same on which TDS deducted Rs. 70,221.00. The closing balance as at
31.03.2014 is Rs.2,15,46,414.00.
(ii) Unsecured Loans Rs. 1,14,78,63 8.00 including opening balance of
Rs. 69,28,63 8.00 given to Parasrampuria Gems International School a
unit of Bhuramal Durgi Devi Parasrampuria Public Charitable Trust
(Associate concern) and received back Rs. 78,95,000.00 during the year
& earned interest Rs. 1,75,015.00 on the same on which TDS deducted
Rs.17,502.00 closing balance as at 31.03.2014 is Rs. 37,41,151.00.
e) Lease Rent received from Parasrampuria Gems International School a
unit of Bhuramal Durgi Devi Parasrampuria Public Charitable Trust Rs.
6000000. (Rs. 6000000)
(Mr. Sudhir Kumar Parasrampuria (Director) his wife Mrs. Parwati
Parasrampuria (Director) & Smt. Chandra Kala Parasrampuria mother of
Mr. Sudhir Kumar Parasrampuria are trustees of the trust.
5. Employee Benefit (Accounting Standard 15)
a) The company has not provided leave encashment as the employees are
not entitled for that due to availment of leaves & there is no dues in
this account.
b) The company has not provided the Employees Provident Fund & ESI as
the company is not covered under E.P.F. & E.S.I Act.
6. Payment against suppliers from small scale and ancillary under
taking are made in accordance with agreed credit terms and to the
extent as ascertained from available information, there was no amount
overdue as on 31st March 2014.
7. The company do not have any dues of micro, small and medium
enterprises as on 31st March 2014 as per provision of the Section 16 of
the micro, small and medium enterprises Act.2006.
8. All the figures have been rounded off to the nearest rupee.
As per our report of even date.
Mar 31, 2011
1a) The Quantitative details of opening stock, purchases, Sales and
Closing stock of shares are as under. Figures in bracket relate to
previous year. Stocks have been valued at cost. While upto preceding
previous year it was valued on the basis of cost or market value,
whichever is lower.
2) Loans & advances include 1409033.00 recoverable from Mr.Shri Prakash
Kanodia has not been recovered as yet No interest has been provided in
the books of Account. The company is adopting legal recourse for the
recovery and hopeful for the recovery. No provision for bad debts has
been made in the books of Account.
3) 40 Shares of GTC Industries Ltd. Shown under the head long term
investments are not traceable at the company's end. Correspondence in
this regard is in process.
4) To the extent known there are no dues outstanding in favour of any
Micro Enterprises & Small Enterprises.
5) Impairment of Asset:-
The indicators listed in paragraph 8 to 10 of Accounting Standard
(AS-28). Impairment of Assets issued by the Institute of Chartered
Accountants of India have been examined and on such examination it was
found that none of the indicators are present in case of the company.
i) A builder's agreement has been entered between the company and
Amber Mercantilism Ltd. on the land situated at Jaipur. The company
will have 70% share over the constructed building.
Mar 31, 2010
1. The Quantitative details of opening Stock, Purchases, Sales and
closing stock of Shares & Mutual Funds are as under. Figures in
bracket, relate to previous year. Stocks have been valued at cost.
2. Loans & advances include Rs. 361250.00 and 1409033.00 recoverable
from Ms.Poonam Khurana and Mr.Shri Prakash Kanodia respectively which
are not recovered. The company has adopted let all recourse for
recovery of the dues.
No provision for bad debts has been made in the books of account.
3. 40 Shares of GTC Industries Ltd. are not traceable at the company's
end. Correspondence in this regard is in process.
4. To the extent Known there are no dues outstanding in favour of any
Micro Enterprises & Small Enterprises.
5. Impairment of Assets:
The indicators listed in paragraph 8 to 10 of Accounting Standard
(AS-28), Impairment of Assets, issued by the Institute of Chartered
Accountants of India have been examined and on such examination it was
found that none of the indicators the present in the case of the
company.
Mar 31, 2009
1 The company has written off as bad debts the loan given to Jagdish
Rolling Works Rs. 3415074,00.
2 Loans & advances include Rs.3fi!25l).<)() and 1409033.00 recoverable
from Ms. Poonam Kliurana and Mr. Shri Prnkasb Kanodia respectively
which arc nol recovered The company has adopted legal recourse for
recovery of the dues. No provision lor bad debts has been made in the
books of account.
40 shares ol''GTC Industries Ltd. Arc not traceable at the company''s
end. Correspondence in this regard is in process .
3 To the extent known there are no dues outstanding in favour of any
Micro [interposes & Small [Enterprises,