Mar 31, 2018
1. General information:
Our Company Was Originally Incorporated In Union Territory Of Delhi As âKuber Jewels (P) Limitedâ Under The Companies Act, 1956 On 31st October, 1994 Vide Certificate Of Incorporation Issue By Registrar Of Companies, NCT Of Delhi & Haryana. Our Company Was Subsequently Converted Into A Public Limited Company And Consequently Name Was Changed To âKuber Jewels Limitedâ Vide Fresh Certificate Of Incorporation Dated 9th May, 1995 Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.
Subsequently, The Name Of The Company Was Changed To âMAHADUSHI INTERNATIONAL TRADE LIMITEDâ Vide Fresh Certificate Of Incorporation Dated 24th March, 2006 Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.
Subsequently, The Name Of The Company Was Changed To âNEGOTIUM INTERNATIONAL TRADE LIMITEDâ Vide Fresh Certificate Of Incorporation Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.
2. Transition to Ind AS
Transition to Ind AS was carried out from Previous GAAP.
3. Related Party Disclosure
No Related Parties Transaction has taken place during the period.
4. Segment Reporting
Company is working in only in one segment hence reporting Segment is not required as per Indian Accounting Standard 108 âOperating Segmentsâ.
Mar 31, 2016
1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.
2) All the investments made by the company are valued at Cost .
3) Managerial Remuneration: NIL
The company does not have any inventory as on 31.03.2016.
4) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognized using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognized unless there is virtual certainty with respect to the reversal of the same in future years.
5) All schedules annexed to and from integral part of the Balance Sheet and Profit & Loss Account.
6) Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.
Mar 31, 2015
1) The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) All the investments made by the company are valued at Cost .
3) Managerial Remuneration: Nil
4) The company does not have any inventory as on 31.03.2015.
5) Deferred tax arising on account of timing difference and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or substanti
-vely enacted. Deferred tax assets are recognised unless there is
virtual certainty with respect to the reversal of the same in future
years.
6) All schedules annexed to and form integral part of the Balance Sheet
and Profit & Loss Account.
7) Minimum Alternative Tax (MAT) is recognised as an asset only when
and to the extent there is convincing evidence that the company will
pay normal income tax during the specified period. The Company reviews
the same at each balance sheet date and writes down the carrying amount
of MAT Credit Entitlement to the extent there is no longer convincing
evidence to the effect that company will pay normal Income Tax during
the specified period.
8) Earning Per Share
Particulars As at 31.03.2015
Net profit after tax available for Equity
Shareholders (Rs.) (A) 464,496
Number Equity Shares outstanding* (Nos.) (B) 39,222,500
Dilutive potential Equity Shares (Nos.) _
Dilutive shares outstanding (Nos.) (C) 39,222,500
Nominal value per Equity Shares (Rs./ Share) 1.00
Basic Earnings per share (Rs./ Share) (A) / (B) 0.0118
Diluted Earnings per share (Rs./ Share) (A) / (C) 0.0118
*The Company has sub-divided the face value of shares from Rs. 10/- to
Re. 1/- as per provisions of Companies Act 2013
Mar 31, 2014
1) The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) All the investments made by the company are valued at Cost .
3) Managerial Remuneration: Nil
4) The inventories of the company are valued as per cost price and
market price which ever is less.
5) Deferred tax arising on account of timing difference and w hich are
c apable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deferred tax assets are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
6) The revised Schedule VI as notified under the companies Act,1 956,
has become applicable to th e company for the presentation of its
financial statements for the year ending March 31,2013. The adaptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosures which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
7) All schedules annexed to and form integral part of the Balanc e Sh
eet an d Profit & Loss Account.
8) Minimum Alternative Tax (MAT) is recognised as an asset on ly wh en
an d to the extent there is convin cing evidence that the company will
pay normal income tax during the specified period. The Company reviews
the same at each balance sheet date and writes down the carrying amount
of MAT Credit Entitlement to the extent there is no longer convincing
evidence to the effect that company will pay normal Income Tax during
the specified period.
9) Value of Import on CIF Basis Nil
10) Earnings in Foreign Exchange (FOB Value) Nil
11) Expenditure in Foreign Currency Nil
12) The Company has no employee to whom the provisions of section 217
(2A) of the Companies Act, 19 56 are applicable
Mar 31, 2013
1. Figures of previous year have been regrouped, re-cast or rearranged
to make them comparable with Current year''s figures wherever deemed
necessary.
2. Figures in bracket indicate negative figure.
3. Balances of some of the Parties are subject to confirmation &
reconciliation.
4. Information required under Paragraph 3 and 4 of the Schedule VI of
the Companies Act, 1956 are given to the extent applicable.
5. The Company does not own any amount due to any Small Scale
Industrial Unit outstanding for more than 30 days as on 31st March
2013.
Mar 31, 2012
A.1 Provision for tax is based on the assessable profits of the company
compute In accordance with the Income Tax Act, 1961.
A.2 In the opinion of the Board of Director all current assets, loans
and advances have a value of realization in the ordinary course of
business at least Equivalent of the amount of which they are stated
unless otherwise and these are these are subject to conf irmatlon.
A.3 As of March 31, 2012, the company had no outstanding dues to small
scale Industrial undertakings.
A.4 Figures of the previous year have been regrouped or re-arranged
wherever necessary.
Mar 31, 2011
A.1 Provision for tax is based on the assessable profits of the company
compute In accordance with the Income Tax Act, 1961.
A.2 In the opinion of the Board of Director oil current assets, loans
and advanes have a value of realization in the ordinary course of
business at least Equivalent of the amount of which they are stated
unless otherwise and these are these are Subject '' to confirmation.
A.3 As of March 31, 2011, the company had no outstanding dues to small
scale Industrial undertakings.
A.4 Figures of the previous year have been regrouped or re-arranged
wherever necessary.