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Notes to Accounts of Neelkanth Rockminerals Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION

Neelkanth Rock minerals Limited is a Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 then in force. The company is engaged in the manufacturing and selling of Granite slabs/Tiles and Mineral Products.

2. BASIS OF PREPARATION

The accounts are prepared as per historical cost convention on going concern basis following mercantile basis of accounting and recognizing income and expenditure on accrual basis except otherwise stated. The mandatory applicable accounting standards in India and the provisions of the Companies Act, 2013 have been followed in preparation of these financial statements.

3. Share Capital

Term/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 The company declares and pays dividends In Indian rupees No dividend however has been proposed by the Board of Directors for the financial year 2014-15.

In the event of liquidation of the company, the of equity shares wit be entitled to receive remaining assets of the company, after distribution of all preferential mounts The distribution will be In proportion to the number of equity shares held by the shareholders

4. Details of dues to micro and small enterprises as defined under the MSMED Act, 2005

It is not known or ascertainable as to which suppliers are S.S.I. units, therefore for want of this information we are of the belief that no interest has become payable and paid under the Interest on delayed payment to S.S.I. and Ancillary Industrial Undertakings Act, 1993.

5. Related Party Disclosures

Names of related parties and related party relationship

Managing Director Shanti Lal Kawar

Reialives/Retated concerns of Managing Director

Names

Anil Kawar

Vinay kawar

Siddhi Vinayak Minerals

Siddhi Vina yak Properties

6. Continent liabilities 31-Mar-16 31-Mar-14

Rs. RS.

NIL NIL

7. Segment Reporting

During the year under consideration, the company operated only one segment i.e,, manufacturing of Granite Slabs/THes and Other Minerals Product.

8. The Balances of Sundry Debtors. Sundry Creditors and Loans and Advances are stated at book value subject to confirmation from respective parties.

9. The Previous year figures have been recomputed, reclassified, regrouped & rearranged wherever considered necessary to make them comparable with current year figures


Mar 31, 2014

1 CORPORATE INFORMATION

Neelkanth Rockminerals Limited is a Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of Granite slabs/Tiles and Mineral Products.

2 BASIS OF PREPARATION

The accounts are prepared as per historical cost convention on going concern basis following mercantile basis of accounting and recognizing income and expenditure on accrual basis except otherwise stated. The mandatory applicable accounting standards in India and the provisions of the Companies Act, 1956 have been followed in preparation of these financial statements.

The company has only one dass of equly shares having 9 par value of Rs.10/- per share. Each holder of equity shares is entiled to one vote pec share. The company duties and pays deadends It Infant topees. No ihvidend however has been proposed by (he Board of Directors for (he financial year 2013-14

3. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

It is not known or ascertainable as to which suppliers are S.S.L units, therefore for want of this information we are of the belief that no interest has become payable and paid under the interest on delayed payment toS.S.I. and Ancillary Industrial Undertakings Act, 1993.

4 Segment Reporting

During the year under consideration, the company operated only one segment i,e., manufacturing of Granite Slabs/Tlles and Other Minerals Product.

5. The Balances of Sundry Debtors, Sundry Creditors and Loans and Advances are stated at book value subject to confirmation from respective parties.

6. The Previous year figures have been recomputed, reclassified, regrouped & rearranged wherever considered necessary to make them comparable with curreni year figures


Mar 31, 2013

1 CORPORATE INFORMATION

Neelkanth Rockminerals Limited is a Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of Granite slabs/Tiles and Mineral Products.

2 BASIS OF PREPARATION

The accounts are prepared as per historical cost convention on going concern basis following mercantile basis of accounting and recognizing income and expenditure on accrual basis except otherwise stated. The mandatory applicable accounting standards in India and the provisions ofthe Companies Act, 1956 have been followed in preparation of these financial statements.

3 Segrat Ffeparting

Duing the year inter ccnskfercticn the ccrrpery cperEted criy one segrErt i.e. rrerxiactunrg cf Qsrite Stetefiiles and Other Mrerets Proln

4.The E&anoes of Seated leers, Ihsenred Ixhis, Suxty Osbtas, Sixty Oerters aid Lore and Maxes are stated at took value sUttoccr#rrefantCTnrespedive parties.

5 The Fixed year fgues hae been reoarrpiiect redassifed, regaped & rearranged yitenaer oonskfered neoessay to make them


Mar 31, 2012

1 CORPORATE INFORMATION .

Neelkanth Rockminerals Limited is a Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of Granite slabs/Tiles and Mineral Products.

2 BASIS OF PREPARATION

The accounts are prepared as per historical .cost convention on going concern basis following mercantile basis of accounting and recognizing income and expenditure on accrual basis except otherwise stated. The mandatory applicable accounting standards in India and the provisions of the Companies Act, 1956 have been followed .in preparation of these financial statements.

a. Terms rights attached to equity shares

The company has city one class of equity shares having a par value of Rs.10- per share Each holder of equity shares is emitted to one vote per share The company adders and pays dividends in Indian rupees No dividend however has been proposed by the ever of liquidation of the company, the had is of equity shares II be entitled to resave remaining assets of the company, distribution of all preferential amounts. The distribution will be in proportion to the refer of equity shares he

3 Segment Reporting

During the year under consider at ten, the company operated only one segment i.e., managing of and Other Minerals product

4.The Balances of Secured Loans, Unsecured Loans, Suit Debtors, Sundry debtors and Lost aid Advances are stated at book value subject to confirmation from respective parties

5.The Previous year figures have been recomputed, reassured, regrouped & rearranged where/er considered necessary to make them comparable with arrester figures


Mar 31, 2011

Year Year (1) Contingent Liabilities 2010-11 2009-10 Rs. Rs.

(I) Counter Guarantees to Bank a gainst guarantees Given by them on company's behalf Nil Nil

(II) Legal undertaking against export obligation given by company under Duty exemption scheme and EPCG scheme, to Customs/DGFT authorities Out of which company has furnished bank guarantee under (I) above of Rs Nil Nil (Previous year Nil -)

(2) Estimated amount of contract remaining to be executed on capital accounts-Nil (Previous Year-Nil)

(3) Balance grouped under Sundry Debtors, Sundry Creditors and Loans & Advances are under Reconciliation and subject to confirmation from respective parties.

(4) Deferred Tax

In current year 2010-11, the company had Deferred Tax Assets of Rs. 1.92 Lacs which had been duly recognized in the Profit & Loss Account to.

(5) Related Party Disclosures

List of and relationship with related parties with whom transaction have taken place during the year.

Name of the related Party Nature of Relationship

(A) Mr. Shanti Lal Kawar Managing Director

Relatives Relationship with Managing Director

Anil Kawar Brother

Vinay Kawar Brother's Son

Ankit Kawar Brother's Son

Shiddi Vinayak Minerals Associate Concern

(6) Segment Reporting As Per AS-17

During the year under report, company operated only one segment i.e., Granite slab/tiles and other stones

(7) Additional Information in Persuant to Part II of Schedule VI to the Companies Act, 1956.

(V) Earning in Foreign Exchange

Export of goods on FOB basis Rs/- 647,370 (Previous Year Rs. 2128577)

Previous Year figures have been regrouped/reclassified to conform to this year's presentation.


Mar 31, 2010

Year Year (I) Contingent Liabilities 2009-2010 2008-2009

Rs. Rs.

(I) Counter Guarantees to Bank against guarantees

Given by them on companys behalf Nil Nil

(II) Legal undertaking against export obligation given by company under Duty exemption scheme and EPCG scheme, to Customs/DGFT authorities Out of which company has furnished bank guarantee under (I) above of Rs Nil Nil

(Previous yearNil-)

(2) Estimated amount of contract remaining to be executed on capital accounts-NIL

(Previous Year-NIL)

(3) Balance grouped under Sundry Debtors, Sundry Creditors and Loans & Advances are under reconciliation and subject to confirmation from respective parties.

(4) Related Party Disclosures

Name of the related Party Nature of Relationship

A Mr. Shanli Lai Kawar Managing Director

Relatives Relationship with Managing Director

Anil Kawar Brother

Vinay Kawar Brothers son

Dhanesh Kumar Kawar Brothers son

Ankit Kawar Brothers son

Vijay Laxmi Minerals Associate concern

Siddhi Vinayak Minerals Associate concern

 
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