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Notes to Accounts of P M Telelinks Ltd.

Mar 31, 2014

1 - During the year the company mas operational mainly in trading activity .Hence Segment Reporting is not applicable

2. : Related party Disclosure JL Relationships

Name of Related Party Relationship

G P Surana Managing Director

Pataiay Chandra Mohan Rao Director

Ravi Surana Director

Casula Raj kumar Dirertor

PM Telecom Other Related Party

3. Previous year''s figures have been regrouped / rearranged wherever necessary, so as to make them comparable with those of the current year.


Mar 31, 2013

Not Available.


Mar 31, 2012

1 Previous year figures have been regrouped,rearranged and reworked wherever necessary.

2 Depreciation is not claimed as the Fixed Assets are not put to use even for a single day during the relevent Financial Year.

3 The contingent liabilities not provided in the accounts are: towards Central Excise 80 Lacs towards Income Tax 54 Lacs

4. Accounting Convention:

The Financial Statements are prepared under the Historical Cost Convention method except so far as they relate to the revaluation of certain Fixed Assets in an earlier year.

5. Revenue Recognition :

a) Sale of goods is recognised at the point of despatch to customers.Sales are inclusive of Excise Duty & Sales Tax.

b) Discounting Charges on Bills are accounted at the point of occurrence.

c) Other Income is recognised at the point of receipt of consideration

6. Fixed Assets:

a) Assets revalued m earlier years are stated at revalued cost less depreciation.

b) Other assets are stated at their original cost less depreciation.

c) The Cost of Assets is net of Cenvat & include directly attributable interest, costs and expenses for bringing the respective assets to the working condition for their intended use.

7. Investments

Investments are stated at cost

8. Depreciation is not claimed as the Fixed Assets are not put to use even for a single day during the releventRnancial Year, and the company will claim the same as and when the BIFR gives its verdict and the company starts its production.

9. Related Party Disclosures - As required by AS-18 are as: (a) Relationships:

Category -1 - Major shareholders in the Company - Promoters of Company who are holding 56.31 % stake.

Category - II - Subsidiaries and Associates of the Company - None.

Category - III -Other related parties where common control exists Golconda Engg. Enterprises Ltd.

Category - IV- Key Managerial Personnel - Sri G.P.Surana, Managing Director.

Category - V- Relatives of Key Managerial Personnel -Sri G.P.Surana,

Father of Ravi Surana

Category - VI- Key Managerial Personnel -Remuneration


Mar 31, 2010

1. The Total Sales tax deferrment Account is Rs.230.84 Lakhs (Previous year Rs. 28005 Lakhs). The Account is restructered to give correct picture as per the Order Passed by the CTO, S.D.Road Circle. Secunderabad.

2. Depreciation is not claimed as the Fixed Assets are not put to use even for a single day during the retevent Financial Year, and the company will claim the same as and when the BIFR gives its verdict and the company starts its production.

3. Related Party Disclosures - As required by AS-18 are as. (a) Relationships: Category -1 - Major shareholders in the Company - Promoters of Company who are holding 41.48% stake

Category - II - Subsidiaries and Associates of the Company - None.

Category - III Other related parties where common control exists

Kaveri (India) Ltd. P.M.Strips Ltd.

Golconda Engg Enterprises Ltd. Surana Securities Ltd.

Surana Steels Ltd.

Category - IV- Key Managerial Personnel -Sri G.P.Surana. Managing Director.

Category - V- Relatives of Key Managerial Personnel -Sri G.P.Surana. Father of Ravi Surana & Dipin Surana.

Category - VI- Key Managerial Personnel -Remuneration

Names of the person Salary & perks

Sri G.P Surana. M.D. 0 (Paid against due to the M.D.)

Total 0


Mar 31, 2009

Not Available

 
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