Mar 31, 2015
Not Available
Mar 31, 2014
A. CONTINGENT LIABILITIES not provided for in respect of
As at 31.3.2014 As at 31.3.2013
Un-expired bank Guarantee Rs.2,00,000/- NIL*
* The bank guarantee has expired but the lein on Term Deposit has not
been released by the bank.
B. As the Company has no activities other than those of an Non-Banking
Financial Company, the segment reporting under Accounting Standard 17 -
"Segment Reporting" is not applicable. The Company does not have any
reportable geographical segment.
C. There is no liability towards Gratuity, leave pay, PF, ESI and/or
any other type of retirement benefits. Hence, the requirements
prescribed under Accounting Standard-15 have not been complied.
D. Separate disclosures for the amount due to Small Scale Industrial
undertakings under the head Current Liabilities/ Creditors could not be
made as the Company does not posses the requisite information.
E. The Micro, Small and Medium Enterprises Development Act, 2006
mandates disclosure related to payment and accrual of interest on
delayed payments to suppliers classified as Micro, Small and Medium
Enterprises under the Act. The Company has not received intimation from
any of its suppliers regarding the status of their registration under
the said Act and hence separate disclosures could not be made.
F. Information given in accordance with the requirements of Accounting
Standard-18 on Related Party Disclosures issued by Institute of
Chartered Accountants of India:
List of Related Parties Nature of Relationship
i. Aditya Doshi Key Managerial Personnel
ii. Beda Nand Choudhary Key Managerial Personnel
iii. Mathew Easow Fiscal Services Ltd Company under common management
Note: Related party relationship is as identified by the Company and
relied upon by the Auditors.
G. Previous year''s figures have been regrouped/rearranged where
necessary to conform to this years'' classification.
Mar 31, 2013
A. There is no liability towards Gratuity, leave pay, PF, ESI and/or
any other type of retirement benefits. Hence, the requirements
prescribed under Accounting Standard-15 have not been complied.
B. Separate disclosures for the amount due to Small Scale Industrial
undertakings under the head Current Liabilities/ Creditors could not be
made as the Company does not posses the requisite information.
C. The Micro, Small and Medium Enterprises Development Act, 2006
mandates disclosure related to payment and accrual of interest on
delayed payments to suppliers classified as Micro, Small and Medium
Enterprises under the Act. The Company has not received intimation from
any of its suppliers regarding the status of their registration under
the said Act and hence separate disclosures could not be made.
Previous year''s figures have been regrouped/rearranged where necessary
to conform to this years'' classification.
Mar 31, 2012
A. The tax expense for the year' comprising of the current tax and
deferred tax is included in determining the net profit/loss for the
year. Provision for the current tax is based on tax liability computed
in accordance with relevant tax rates and tax laws. Provision on
deferred tax is made for all timing differences arising between taxable
incomes and accounting income at rates that have been enacted or
substantively enacted as of the Balance Sheet date The breakup of Net
Deferred Tax is as follows:
B. As the Company has no activities other than those of an Non-Banking
Financial Company' the segment reporting under Accounting Standard 17
"Segment Reporting" is not applicable. The Company does not have any
reportable geographical segment.
C information given in accordance with the requirements of Accounting
Standard-18 on Related Party Disclosures issued by Institute of
Chartered Accountants of India
List of Related Parties Nature of Relationship
i Beda Nand Choudhary Key Managerial Personnel
li Mathew Easow Fiscal Services Ltd Company under common management
Transaction with Related Parties Nil
D. There is no liability towards Gratuity' leave pay' PF' ESI and/or
any other type of retirement benefits. Hence' the requirements
prescribed under Accounting Standard-15 have not been complied.
E. Separate disclosures for the amount due to Small Scale Industrial
undertakings under the head Current Liabilities/ Creditors could not be
made as the Company does not posses the requisite information.
F. The Micro' Small and Medium Enterprises Development Act' 2006
mandates disclosure related to payment and accrual of interest on
delayed payments to suppliers classified as Micro' Small and Medium
Enterprises under the Act. The Company has not received intimation from
any of its suppliers regarding the status of their registration under
the said Act and hence separate disclosures could not be made.
G. Previous year's figures have been regrouped/rearranged where
necessary to conform to this years' classification
Mar 31, 2010
A. Segment reporting as per Accounting Standard-17 is not relevant as
the entire operations of the Company relates to only one segment i.e.
Capital and Financial Markets and also the company did not have any
overseas operations during the year.
B. Information given in accordance with the requirements of Accounting
Standard-18 on Related Party Disclosures issued by Institute of
Chartered Accountants of India:
List of Related Parties Nature of Relationship
I. Mathew Easow Chairman cum Managing Director
li. Valsa Mathew Director
iii. Bibhas Bangal Director
iv. Dilip Cherian Director
v. Shekhar Shukla Director
vi. Beda Nand Choudhary Director
vii. Mathew Easow Financial
Services Proprietary concern of Managing
Director
viii.Mathew Easow Fiscal Services
Ltd Company under common management
ix. Cindy Marketing Private
Limited Company under common management
x. Express Plastichem Limited Company under common management
C. There is no liability towards Gratuity, leave pay, PF, ESI and/or
any other type of retirement benefits. Hence, the requirements
prescribed under Accounting Standard-15 have not been complied.
D. Separate disclosures for the amount due to Small Scale Industrial
undertakings under the head Current Liabilities/ Creditors could not be
made as the Company does not posses the requisite information.
E, The Micro, Small and Medium Enterprises Development Act, 2006
mandates disclosure related to payment and accrual of interest on
delayed payments to suppliers classified as Micro, Small and Medium
Enterprises under the Act. The Company has not received intimation from
any of its suppliers regarding the status of their registration under
the said Act and hence separate disclosures could not be made.
F. The comparative figures of the previous year appearing in the
financial statements have been audited by the Companys previous
auditor M/s. S.P.Chatterjee & Co. .Chartered Accountants, Kolkata.
G. Previous years figures have been regrouped/rearranged where
necessary to conform to this years classification.