Mar 31, 2015
1. Disclosures under Accounting Standards
Related party transactions
Details of related parties:
Description of relationship Names of related parties
Key Management Personnel (KMP) Mr. Pankaj Kumar Agarwal- Managing Director
Mr. Sandeep Kumar Agarwal- Chief Financial Officer
Ms. Kanika Agarwal- Company Secretary
Relatives of KMP -
Company in which KMP / Relatives of KMP can exercise significant influence
i) Eternity Vanijya Private Limited ii) Mastak Commodities Private Limited iii) Sanyukta Dealers Private Limited
Note: Related parties have been identified by the Management.
2. Corporate Overview
Mayukh Dealtrade Ltd., (Formerly Known As Mayukh Commercial Limited) incorporated on 14th August 1980, having its registered office at 26/1, Strand Road, 1st Floor, Kolkata- 700001, West Bengal. The Directors of the company are Mr. Pankaj Kumar Agarwal, Mr. Sandeep Kumar Agarwal, Mr. Manoj Mahipal and Ms. Pooja Saraogi.
Contingent liabilities & Commitments (to the extent not provided for):
Claims against the company not acknowledged as debt. : Nil
Guarantees : Nil
Other money for which the company is contingently liable : Nil
Estimated amount of contracts remaining to be executed on Capital A/c & not Provided for : Nil
Uncalled liability on shares & other investments which are partly paid : Nil
Other Commitments : Nil
3. Taxes on income
Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.
4. Earnings per share
Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing ordinary operations.
Unquoted Shares are valued at cost.
6. Cash and Cash equivalents
Cash and Cash equivalents comprise cash and cash on deposit with banks and corporations. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.
7. Cash Flow Statements.
Cash Flow Statement has been prepared in accordance with Accounting Standard 3 issued by Institute of Chartered Accountants of India.
Mar 31, 2014
(i) Previous year's figures have been regrouped/ re-arranged wherever necessary.
(ii) The Company is listed on Calcutta Stock Exchange.
(iii) There is no Contingent Liability for the year under review.
(iv) There is no employee eligible for the benefit of gratuity; hence no such provision is made.
(v) In the opinion of the Board and to the best of their knowledge and belief, the value of realization of current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.
(vi) The Company has no amount to be paid to Micro, Small and Medium Enterprises in accordance with provisions of Micro, Small & Medium Enterprises Development Act, 2006.
(vii) In terms of Accounting Standard 20, the calculation of EPS is given below:-
(a) Profit/(Loss) after Taxation:-Rs. 1,718.00
(b) Weighted Average number of Equity Shares outstanding during the year:- 200,000 shares.
(c) Normal value of shares:- Rs 10/ share
(d) Basic and Diluted EPS:- Rs. 0.01
(viii) Accordance with the Accounting Standard AS-22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, Deferred Tax Asset is not created as a matter of prudence as there is no reasonably certainty of future profit.
(ix) As per information and explanation provided by the Management there are no outstanding dues of SSI undertakings as required by Schedule Vi of the Companies Act, 1956.
Mar 31, 2013
(i) Previous years figures have beer regrouped/ re-arramged wherever necessary.
(ii) The Company is listed on Calcutta Stock Exchange.
iii) There is no Contingent Liablity for the year under review.
(iv) There is no employes eligible for the Benefit of gratuity hence no such provision is made.
(v) In a opinion of the me Board and to the best or their knowledge and belief me value of realization of current assets in the ordinary course of business will not be less than the amount at which they are stated in the balance sheet.
(vi) The company has no amour! to be paid to Micro Small and Medium Enterprises inaccordance with provisions of Micro Small & Medium Enterprises Development Act 2008.
(vii) In terms of Accounting Standard 20 the calcullation of EES is given below:-
(a) Profit/Loss after Taxation (Rs. 485.00)
(b) Weighted Average number of Equity Shares outstanding during the year:- 200. 000 shares
(viii) Accordance with the Accountning standard AS-22" ACCOUNTING for taxes on income issued by the institute of chartered accountants of India Deferred Tax assets us not created as a matter of prudence as there is to reasonably certainly of future profit.
Mar 31, 2012
I) Previous year'S fogires ave been regrouped re er-ar ce d whet c ror necessary.
ii) The Company sb&led co Calctlta Slock. Exchange.
iii) Tnera :S bo Contingent Liability for the year under review
(iv) There s no employee for the uenefit of gratuity, hence no such provision is made.
(v) In the opinion of me board and to the best of their knowledge and belief me value of realization or of current assets in the ordinary course of busness will no! be '.-ss than the emourt a I v.hich the, lVc staled in rh^ Stance Shan;
vi) Tfje Company ha a np amoun to be pa'C ta Micro Small and Med urn Enlerpnsos ri aosoreance wi1h provisions ol Micro Emai.- & UBdiiiitr Entemrses Development Act 20GS
vii) n tarns or .Accujnlrg Stonc^rc 20 Ine a culaHon cf EP5 s given oelb'A - A. Profit1'! Loss) aher Ta^iLun - Es 7SC CO) Weighted Average number of equity Shares outstanding during the year - 200.00C- snares i,ci Normal va ud of shares Ps ID* sr.are (u; Basis a mu Diluted li-S rRs 0 Q0)
Viii) Accordance ^vilh the Accounting Slandarc AS-2v 'Accounting fpr Ta^os cn Inccme ss'.ac py |he Institute u~ Chartered ^ccc^nta.ntE of no a Deferred Tax Assal is no: created bs e fatter c1 prudence os mere ;? no masonaoly nmtainty cf future prOfil
ix) As oe: in formation and explanation fuvidec by the Mar:age.'-er:l there pry no islanding dues cf ES' unde "takings as requ by Schecule V s' me Cbmp-an as Act1956.