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Notes to Accounts of Matra Kaushal Enterprise Ltd.

Mar 31, 2015

1. contingent liabilities not provided for:

1) Contingent Liabilities arc nil.

2. MANAGERIAL REMUNERATIONS: 31.03.2015 31.03.2014

1) Ranesh Chandra Purtani Rs. 1,20,000/- Rs. 1.20.000/-

3. Balances of parties are taken as they appear in the book of accounts produced and arc subject to confirmation.

4. In the opinion of the board and to the best of their knowledge and belief, the value of current assets, loans and advances, in the ordinary course of business would not he less than the amount at which they are stated in the balance sheet.

5. No provision for gratuity has been made as the same is accounted on cash basis.

6. Segment information: The Company operates only in one business segment being the trading in Electronic Items and there are no geographical segments to be reported.

7. The Company has no information as to whether any of its suppliers constitute small scale/ ancillary undertaking and therefore, the amounts due to such suppliers have not been identified and also there is no information as to whether any dues from suppliers covered under "The Micro. Small and Medium Enterprise Development Act, 2006" as March 31, 2015.

8. Previous year's figures have been regrouped/ reclassified where ever necessary to correspond with the current year's classification/ disclosure

i)The company calcufated depreciation as per the rates given in the Income Tax 1961 .if the company followed the WDV method as given in the Companies act,2013 the depreciation would have been higher by Rs. 15.890 and correspondingly profit would have decreased accordingly.

9. Related Party Disclosures

As required by Accounting Standards as per AS-18, the related party's disclosure issued by the Institute Of Chartered Accountants Of India is as follows:

a) List of related parties and relationships.

(i) Relatives of Key Managerial Personnel.

1. Vikas Pariani.

2. Pushkar Partani.

3. Pooja Partani.

4. Laxmi Partani.

5. Ram chancier Partani.

6. Nitin Partani

7. Kavita Partani

(ii) Key Management Personnel:

1) Rarnesh Chandra Partani

2) Shyam Sundar Partani

(iii) Key Managerial Entities : Partani Appliances Limited Related Party Transactions for the year:


Mar 31, 2014

A. contingent liabilities not provided for : I) Contigent Liabilities are nil.

b. MANAGERIAL REMUNERATIONS: 31.03.2014 31.03.2013

I) Ramesh Chandra Partani Rs.1,20,000/- Rs.1,20,000/-

c. Balances of parties are taken as they appear in the book of accounts produced and are subject to confirmation.

d. In the opinion of the board and to the best of their knowledge and belief, the value of current assets, loans and advances, in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet.

e. No provision for gratuity has been made as the same is accounted on cash basis.

f. Segment information: The Company operates only in one business segment being the trading in Electronic Items and there are no geographical segments to be reported.

g. The Company has no information as to whether any of its suppliers constitute small scale/ ancillary undertaking and therefore, the amounts due to such suppliers have not been identified and also there is no information as to whether any dues from suppliers covered under "The Micro, Small and Medium Enterprise Development Act, 2006" as March 31, 2014.

h. Previous year''s figures have been regrouped/ reclassified where ever necessary to correspond with the current year''s classification/ disclosure

i. Earnings in foreign currency: NIL.

j. Expenditure in Foreign Currency: NIL

k. Basic and diluted earnings per share ("EPS") computed in accordance with accounting standard (AS) 20 "Earnings per Share"

l. Related Party Disclosures

As required by Accounting Standards as per AS-18, the related party''s disclosure issued by the Institute Of Chartered Accountants Of India is as follows:

a) List of related parties and relationships.

(i) Relatives of Key Managerial Personnel.

1. Vikas Partani.

2. Pushkar Partani.

3. Pooja Partani.

4. Laxmi Partani.

5. Ramchander Partani.

6. Nitin Partani

7. Kavita Partani

(ii)Key Management Personnel: 1) Ramesh Chandra Partani

2) Dennis Alwaris


Mar 31, 2013

A. contingent liabilities not provided for :

I) Contigent Liabilities are nil.

b. MANAGERIAL REMUNERATIONS: 31.03.2013 31.03.2012

I) Ramesh Chandra Partani Rs. 1,20,000/- Rs. 1,20,000/-

c. Balances of parties are taken as they appear in the book of accounts produced and are subject to confirmation.

d. In the opinion of the board and to the best of their knowledge and belief, the value of current assets, loans and advances, in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet.

e. No provision for gratuity has been made as the same is accounted on cash basis.

f. Segment information: The Company operates only in one business segment being the trading in Electronic Items and there are no geographical segments to be reported.

g. The Company has no information as to whether any of its suppliers constitute small scale/ ancillary undertaking and therefore, the amounts due to such suppliers have not been identified and also there is no information as to whether any dues from suppliers covered under "The Micro, Small and Medium Enterprise Development Act, 2006" as March 31, 2013.

h. Previous year''s figures have been regrouped/ reclassified where ever necessary to correspond with the current year''s classification/ disclosure and the current year figures are not Strictly comparable with the previous year as the current year figure includes figures of Kaushalya Global Limited for the period from 16/09/2012 to 31 /03/2013.

i. Earnings in foreign currency: NIL.

j. Expenditure in Foreign Currency: NIL

k. Basic and diluted earnings per share ("EPS") computed in accordance with accounting standard (AS) 20 "Earnings per Share"

1. Related Party Disclosures

As required by Accounting Standards as per AS-18, the related party''s disclosure issued by the Institute Of Chartered Accountants Of India is as follows:

a) List of related parties and relationships.

(i) Relatives of Key Managerial Personnel.

1. Vikas Partani.

2. Pushkar Partani.

3. Pooja Partani.

4. Laxmi Partani.

5. Ramchander Partani.

6. Nitin Partani

7. Kavita Partani

(ii)Key Management Personnel: 1) Ramesh Chandra Partani

2) Shyam Sundar Partani

3) Dennis Alvvaris


Mar 31, 2012

1. General Information

P.L. Enterprise Ltd. a company incorporated under companies act 1956, is listed on Bombay stock exchange, the main activity of company is to deal in Electronic items. The company has its presence in the states of Andhra Pradesh. The Company is engaged in Trading of Electronically Appliance. The other activities such as Trading in Stabilizers, Emergency Lights etc.

i) Sundry Debtors, Loans and advances and creditors are subject to confirmation and reconciliation.

ii) In the opinion of the Board of Directors, Current Assets and Loans and advances have the value at which these are stated in the balance sheet, if realized in the ordinary course of business, unless other wise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required.

iii) The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the company.

The company operates in only one segment i.e."India". Hence separate information on geographical segment is not required.

iv) During the year inventory of DVD Players and Emergency Lights amounting to Rs. 95.00 lakhs which were imported during the previous year. Which became obsolete, unusable & unserviceable, sold for Rs. 7.00 lacs whereby incurring a loss of Rs. 88.00 lacs.

v) During the year the company has written off advances amounting to Rs. 40.06 lacs paid to supplier in the previous years for purchase of goods which were not received by the company in spite of rigors follow up. And in the opinion of the board the same is not recoverable.

vi) As per the policy of appointment of distributor of the company, the company is liable to reimburse the amount to the distributor in case any of their customer fails to pay the dues to the distributor and became bad debt. Accordingly one of the distributor M/s. M Belle Agencies has raised a Debit Note to a tune of Rs. 18.49 Lacs, being bad debts of their customer and the company has accounted the same as Bad debts for the year.

vii) The financial statement for the year ended March 31st 2011, had been prepared as per the applicable, pre-revised schedule VI to the companies act, 1956. Consequent to the notification of revised schedule VI under the companies act, 1956, the financial statements for the year ended March 31st 2012, are prepared as per revised schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of revised schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.


Mar 31, 2011

Not Available


Mar 31, 2010

1. Estimated amount of contract remaining to be executed on Capital Account and not provided for NIL (Previous Year NIL)

2. With regards to the compliances of the provisions relating to the dues to the Small & Medium Enterprise units interms of the Companies Act I956,the company is not having information on record. Hence, it could not quantify the dues if any to the Small & Medium Enterprise Unit.

3. In accordance with the Accounting Standard on "Earnings per Share" AS-20 issued by the Institute of Chartered Accountants of India, Earnings per Share has been computed as under:

Net Profit/Loss for the year (Rs. In Lacs) Rs. 1094400

No. of Equity Share(face value of Rs. 10/- each) 3435700

4. In the opinion of the Board of Directors, Current Assets, Loans and Advances have at least the value as stated in the Balance Sheet if realised in the ordinary course of business.

5. Outstanding balances of Debtors, Sundry Creditors and Loans & Advances are subject to confirmation.

6. The company is engaged in the business of Voltage Stabilisers, DVDs and other electronic appliances. There are no other reportable segments.

7. Previous year figures are regrouped and re-arranged wherever necessary.

8. Figures are rounded off to nearest Rupee.

 
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