Home  »  Company  »  Mahadushi Intl.  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Mahadushi International Trade Ltd.

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.

 
Subscribe now to get personal finance updates in your inbox!