Home  »  Company  »  MSR India  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of MSR India Ltd.

Mar 31, 2015

Note.1

Related party disclosures

List of Related Parties:

i) Key Management Personnel : Mr. K.V. Rajasekhar Reddy, Chairman & MD.

ii) Relative of Key Management Personnel.

iii) Enterprises over which Key

Management personnel Exercise significant influence. :

Note 2

The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS - 17 'Segmental Reporting' is not applicable.

Note 3

The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment of Assets" does not arise.

Note 4

Purchases, Sales and Inventory details for trading activity.

(Since item wise details were not maintained for the previous year the required details could not be provided.)

Note 5

Imports on CIF Basis - Nil

Note 6

Earnings & Expenditure in Foreign exchange- NIL

Note.7

Previous year's figures have been regrouped wherever necessary to confirm to the current year's classification.


Mar 31, 2014

Note - 1 - A - Terms / Rights attached to Equity Shares:

The Company has only one class of Equity Shares having a Par Value of Rs. 10 /- per share. Each holder of Equity Shares is entitled to one vote per share.

In the event of liquidation of the Company the holder of Equity Share will be entitled to receive remaining Assets of the Company in Proportion to number of Equity Shares held.

Note 2

The Company operates in one segment orJy. Hence the requirement of giving segmental information as per the accounting standards AS-17 ''Segmental Reporting'' is not applicable.

Note 3

The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment Of Assets" does notarise.

Note 4

Consumption of Materials, Spare parts and Components.

Note 5

Imports on CIF Basis - Nil

Note 6

Earnings & Expenditure in Foreign exchange- NIL

Note 7

Previous year''s figures have been regrouped wherever necessary to confirm to the current year''s classification.


Mar 31, 2013

Note 1

The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS - 17 ''Segmental Reporting'' is not applicable.

Note 2

Imports on C1F Basis - Nil

Note 3

Earnings & Expenditure in Foreign exchange- NIL


Mar 31, 2012

(aa) AS - 1 Impairment of assets

The company doesn't have any impaired assets.

(bb) AS - 2 Provisions, contingent liabilities and contingent assets

The company doesn't have any contingent liabilities as per AS-29.

(cc) AS 3 - Financial instruments: Recognition and Measurement

The Company has chosen not to adopt the Accounting Standard 30 "Financial Instruments: Recognition and Measurement".

B. Other Notes and Additional Disclosures:

a. Capital Commitments:

Estimated amount of Contracts to be executed on Capital not provided for (Net of Advances) - NIL

b. Trade Payables doesn't include any due to parties covered under Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2012

c. Auditors Remuneration:

a. Previous year's figures have been regrouped wherever necessary to conform to the current year's classification.


Mar 31, 2011

1. Previous year figures are regrouped or reclassified wherever necessary.

2. Directors' Remuneration: Rs.3,00,000/-

3. Auditors remuneration:

- Statutory audit fee: Rs.50,000/- (Previous year:Rs.10,000/-)

4. The Company during the financial year has ventured in Granites Mining activities around Hyderabad and also plans to venture in to mining business across Andhra Pradesh.

5. Deferred tax liability is not recognized for the tax effect at present tax rates on the difference between taxable income and accounting income, which is not permanent in nature in view of uncertainty in future, operations.

6. Related Party Information

Relationship: Shareholder Mr.M.Srinivasa Reddy, having substantial shareholding in the company is also a shareholder with substantial shareholding in M/s. Farmax India Limited

7. Capital Commitments:

Estimated amount of contracts to be executed on capital not provided for (net of advances) - NIL

8. Contingent Assets and Liabilities: There is no Contingent Asset or Liability for or against the Company not acknowledge as debt during the period.

9. Particulars of employees in accordance with Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 are nil.

10. There are no outstanding over dues to small-scale industrial undertakings and/or ancillary industrial suppliers on account of principal and /or interest at the close of the financial year. This disclosure is based on the documents/information available with the company.

11. Balance Sheet abstract and Company's general business profile are attached separately.

12. All figures have been rounded off to the nearest rupee.


Mar 31, 2010

1. Previous year figures are regrouped or reclassified wherever necessary.

2. Authorized Capital of the Company is enhanced to Rs.30.00 Crores from the existing Rs.3.00 crores vide resolution passed in the Extra-ordinary General Meeting held on in the month of Feb.2010. However relevant documents have not been filed with Registrar of Companies and fee not been paid.

3. Directors Remuneration

NIL

4. Auditors remuneration:

- Statutory audit fee: Rs. 10,000 (Previous year: Rs.5, 000/-)

5. There is a change in the Management and the Company diversified its activities into infrastructure since February 2010. The production and sale of such activities cannot be expressed in any generic unit. Hence it is not possible to furnish the quantitative details and the information as required under Paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.

6. Deferred tax liability is not recognized for the tax effect at present tax rates on the difference between taxable income and accounting income, which is not permanent in nature in view of uncertainty in future, operations.

7. Capital Commitments:

Estimated amount of contracts to be executed that are not provided for (net of advances) - NIL

8. Contingent Assets and Liabilities: There is no Contingent Asset or Liability for or against the Company nor acknowledged as debt during the period.

9. Particulars of employees in accordance with Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 are nil.

10. There are no outstanding over dues to small-scale industrial undertakings and/or ancillary industrial suppliers on account of principal and /or interest at the close of the financial year. This disclosure is based on the documents/information available with the company.

11. Balance Sheet abstract and Companys general business profile are attached separately.

12. All figures have been rounded off to the nearest rupee.

13. Foreign Currency Transactions:

The Company has no Foreign Currency Transactions during the period. Since, the Company has no Foreign Exchange Income or Expenditure, disclosures required under Schedule VI of the Companies Act, 1956 is not applicable.

 
Subscribe now to get personal finance updates in your inbox!