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Notes to Accounts of Narbada Gems & Jewellery Ltd.

Mar 31, 2014

1. Terms /Rights attached to equity shares :The company has one class of equity shares having a par value of Rs. 10/-per share. Each shareholder is eligible for one vote per share. The dividend proposed, if any by the board of directors is subject to the approval shareholders in the ensuring Annual General Meeting In the event of Liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferencial amounts, in proportion to their shareholding.

2. The Company changed its name from StarchiK Specalities Ltd to Narbada Gems and Jewellery Ltd with effect from 11.03.08 as per the fresh certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh. Hyderabad.

3. Balances standing to the debit/credit of the parties are subject to reconciliation and confirmation by them.

4. The Company has not ascertained, from out of the amounts payable, ''dues'' to Small Scale undertakings.

5. The Company is in the business of trading Jewellery, It has no separate segments, Hence, Segment reporting as per AS-17 is not applicable.

6. Related part disclosure in accordance with the Accounting Standard 18:

A. Name of related parties and related part relationships:

Associate Concerns: Sanghi Jewellers Pvt Ltd, Uday Jewellery Industries Limited

7. Previous year''s figures are regrouped wherever necessary


Mar 31, 2013

1. The Company changed its name from Starchik Specalities Ltd to Narbada Gems and Jewellry Ltd with effect from 11.03.08 as per the fresh certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh, Hyderabad.

2. Balances standing to the debit/credit of the parties are subject to reconciliation and confirmation by them.

3. The Company has not ascertained, from out of the amounts payable, "dues" to Small Scale undertakings.

4. No provision is made towards Income Tax and Deferred Tax, as a matter of prudence, in view of Unabsorbed Depreciation and carried forward losses.

5. The Company is in the business of trading Jewellery. It has no separate segments. Hence, Segment reporting as per AS-17 is not applicable.

6. Previous year''s figures are regrouped wherever necessary.


Mar 31, 2012

Additional Notes:

1) No new shares were issued during the current year. Hence, there is no change in number of shares outstanding as at the beginning and asat the end of the reporting period.

2) The details of shares in the Company held by each shareholder holding more than 5% shares.

1. The Company changed its name from Starchik Specialities Ltd to Narbada Gems and Jewellery Ltd with effect from 11.03.08 as per the fresh certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh, Hyderabad.

2. Balances standing to the debit/credit of the parties are subject to reconciliation and confirmation by them.

3. The Company has not ascertained, from out of the amounts payable, "dues" to Small Scale undertakings.

4. No provision is made towards Income Tax and Deferred Tax, as a matter of prudence, in view of Unabsorbed Depreciation and carried forward losses.

5. The Company is in the business of trading Jewellery. It has no separate segments. Hence, Segment reporting as per AS-17 is not applicable.

6. Transactions during the year with related parties:

Associate Concerns

i) Sanghi Jewellers Pvt Ltd

ii) Uday Jewellery Industries Ltd.

7. Previous year's figures are regrouped wherever necessary.


Mar 31, 2010

1. The Company changed its name from Starchik Specalities Ltd to Narbada Gems and Jewellery Ltd with effect from 11.03.08 as per the fresh certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh, Hyderabad.

2. No provision is made towards Income Tax in view of Unabsorbed Depreciation and carried forward losses.

3. Previous years figures are regrouped wherever necessary.

 
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