Mar 31, 2016
1) Notes on Accounts:
a) Contingent liabilities provided for : Nil
b) Auditors Remuneration: 31.03.2016 31.03.2015 Statutory Audit fees Rs.19, 000/- Rs. 19,000/
c) Managerial Remuneration: 31.03.2016 31.03.2015
Ramesh Chandra Partani Rs. 1,20,000/- Rs.1,20,000/-
d) Balances of parties are taken as they appear in the book of accounts produced and are subject to confirmation.
e) 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.
f) Accounting of Intangible assets: Intangible asset was not written off in period of five years.
g) The Company has not provided Interest from Loans & Advances of Rs.13.61 crores outstanding in the books of accounts as on 31.03.2016.
h) Company has been providing Depreciation at the rates prescribed in the Income Tax Act 1961 instead of providing depreciation as per schedule II of Companies Act 2013. If the company followed the method of depreciation as per Companies act 2013 the difference is not more than a lakh of rupees.
i) The Accounting policies for segment reporting are in conformity with accounting policies adopted for the company. The Company is operates in only one segment i.e. in India hence separate information on geographical segment is not required.
j) 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) Enterprises Controlled by the Key Management Personnel:
1) Ramesh Chandra Partani
2) Pemlata Partani
ii) Relatives of Key Managerial Personnel:
1. Vikas Partani.
2. Pushkar Partani.
3. Poojapartani.
4. Laxmi Partani.
5. Ram Chander Partani.
6. Nitin Partani.
7. Kavita Partani.
iii) Key Managerial Entities:
1. Partani Appliances Limited
2. Unnati Industrial Co-Operative Society
3. RU Education Private Limited
k) Closing stock is taken as certified by the management. l) Expenditure in Foreign Currency: NIL m) Earnings in foreign currency: NIL
n) Previous year''s figures have been regrouped/ reclassified where ever necessary to correspond with the current year''s classification/ disclosure.
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.