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Notes to Accounts of Parle Software Ltd.

Mar 31, 2015

1. Terms/rights attached to equity shares

The Company has only one class of shares referred to as 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 holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be inproportion to the number of equity shares held by the shareholders.

2.1 There are no Micro, Small and Medium Enterprises in respect of whom the Company dues are outstanding for more than 45 days at the Balance Sheet date. The above information regarding Micro, Small and Medium enterprises have been determined to the extent such parties have been identifiable on the basis of information abailable with the Company and relied upon by the auditors.

2.2 Trade payables are subject to confirmation from certain parties.

3 Salaries and Bonus paid to Mr. Sheena Karkera, Chief Financial Officer of Rs. 3,25,000/- (P.Y.3,15,000/-)

4 Income Taxes:

Provisions for current tax is made against current year profit, in terms of the provisions of the Income Tax Act, 1961.

5 Deferred Tax :

Deferred Tax assets is provided for as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India.

6 Remuneration Paid/Payable to Directors and other Chief Managerial Personnel as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the number of employees employed for the whole year drawing salary of Rs. 60,00,000/- per annum or more is NIL and the number of employees employed for part of the year drawing salary of Rs. 5,00,000/- per month or more is also NIL.

7 In the Opinion of Board of Directors, all the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least equal to the amount at which they are stated and all the known liabilities as at the end of year have been provided for.

8 Segment Reporting:

The company operate in a single business segment of "Infrastructure & Real Estate".

9 The provisions of payment of Gratuity Act, 1972 are not applicable to the company.

10 The provisions of PF / ESIC Act are not applicable to the company.

11 There is no amount due and outstanding to be credited to Investor Education and Protection Fund.

12 During the year, pursuant to the notification of Schedule II to the Companies Act, 2013 with effect from April 01, 2014, the Company revised the estimated useful life of relevant assets to align the useful life with those specified in Schedule II.

13 Disclosure of related parties / related party trasnactions:

As per Accounting Standard (AS) - 18 of The Companies (Accounting Standards) Rules, 2006, the list of related parties where control exists and related parties with whom transactions have taken place and relationships are as under:

a List of Related Parties and Description of Relationships

Promoters Group

M/s. Eaugu Udyog Ltd.*

M/s. Mantra Day Traders Pvt. Ltd.*

M/s. Fortune Point Exports Pvt. Ltd.*

* all the three co-promoters of your company are members of the same "Group", as that expression is defined in MRTP Act 1969.

b Enterprises where control exists

Holding Company:

M/s. Eaugu Udyog Ltd.

c Other Related Parties with whom the company had transactions during the year

i Company under the same Management:

M/s. Hazoor Multi Projects Ltd. M/s. Aambey Valley Mountains Pvt. Ltd. (formerly known as: Hazoor Aambey Valley Developers Pvt. Ltd.)

ii Key Management Personnel:

Mr. V I Garg - Managing Director

Mr Sheena Karkera - Chief Financial Officer (C.F.O.)

Mr. Rakeshkumar D Mishra - Company Secretary & Compliance Officer (w.e.f 01.04.2015)

iii Others

Mr. Ashish Kankani - Non Executive Chairman

Ms. Chanda Garg - Director

Note: Related party relationships are identified by the Company and relied upon by the Auditors.

14 No Advances recoverable in cash or in kind or for value to be received include amounts due from companies under the same management within the meaning of Section 370 (1B) of the erstwhile Companies Act, 1956.

15 Details of Loans given, Investment made and Guarantee given covered under section 186(4) of the Companies Act, 2013:

(i) The Company has not given any loans or guarantees.

(ii) No Investment made by the Company as at 31st March, 2015.

16 The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current presentation.


Mar 31, 2014

1 a. Terms/rights attached to equity shares

The Company has only one class of shares referred to as 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 holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be inproportion to the number of equity shares held by the shareholders.

2 Income Taxes:

Provisions for current tax is made against current year profit, in terms of the provisions of the Income Tax Act, 1961.

3 Remuneration Paid/Payable to Directors and other Chief Managerial Personnel as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the number of employees employed for the whole year drawing salary of Rs. 60,00,000/- per annum or more is NIL and the number of employees employed for part of the year drawing salary of Rs. 5,00,000/- per month or more is also NIL.

4 In the Opinion of Board of Directors, all the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least equal to the amount at which they are stated and all the known liabilities as at the end of year have been provided for.

5 Segment Reporting:

The company operate in a single business segment of "Infrastructure & Real Estate".

6 The provisions of payment of Gratuity Act, 1972 are not applicable to the company.

7 The provisions of PF / ESIC Act are not applicable to the company.

8 There is no amount due and outstanding to be credited to Investor Education and Protection Fund.

9 There are no Micro, Small and Medium Enterprises in respect of whom the Company dues are outstanding for more than 45 days at the Balance Sheet date. The above information regarding Micro, Small and Medium enterprises have been determined to the extent such parties have been identifiable on the basis of information abailable with the Company and relied upon by the auditors.

10 The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current presentation.


Mar 31, 2013

1 Deferred Tax :

Deferred Tax liability is provided for as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India.

2 Remuneration Paid/Payable to Directors and other Chief Managerial Personnel as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the number of employees employed for the whole year drawing salary of Rs. 60,00,000/- per annum or more is NIL and the number of employees employed for part of the year drawing salary of Rs. 5,00,000/- 23 In the Opinion of Board of Directors, all the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least equal to the amount at which they are stated and all the known liabilities as at the end of year have been

3 Segment Reporting:

The company and its associates operates in a single business segment of "Infrastructure & Real Estate".

4 Related Party Disclosures:

a List of Related Parties and Description of Relationships i. Promoters Group

M/s. Eaugu Udyog Ltd.*

M/s. Mantra Day Traders Pvt. Ltd.*

M/s. Fortune Point Exports Pvt. Ltd.*

* all the three co-promoters of your company are members of the same "Group", as that expression is defined in MRTP Act 1969. ii. Associates:

Hazoor Township Developers Pvt. Ltd.

iii Company under the same Management: M/s. Hazoor Multi Projects Ltd. M/s. Hazoor Aambey Valley Developers Pvt. Ltd.

iv Key Managerial Personnel: Mr. V I Garg

5 Advances recoverable in cash or in kind or for value to be received include amounts due from companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956 as given below :

6 The provisions of payment of Gratuity Act, 1972 are not applicable to the company.

7 The provisions of PF / ESIC Act are not applicable to the company.

8 There is no amount due and outstanding to be credited to Investor Education and Protection Fund.

9 The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current presentation.


Mar 31, 2012

A. Terms/rights attached to equity shares

The Company has only one class of shares referred to as 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 holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be inproportion to the number of equity shares held by the shareholders.

a. The Company has no dues to micro small enterprises during the year ended 31/03/2012.

b. There are no amounts due and outstanding to be credited to investor Educations and Protection Fund.

1 Income Taxes:

No provisions for current tax is made in view of the loss for the year, in terms of the provisions of the Income Tax Act, 1961.

2 Deferred Tax :

Deferred Tax liability is provided for as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India.

3 Remuneration Paid/Payable to Directors and other Chief Managerial Personnel as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the number of employees employed for the whole year drawing salary of Rs. 60,00,000/- per annum or more is NIL and the number of employees employed for part of the year drawing salary of Rs. 5,00,000/- per month or more is also NIL.

4 In the Opinion of Board of Directors, all the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least equal to the amount at which they are stated and all the known liabilities as at the end of year have been provided for.

5 Segment Reporting:

The company and its associates operates in a single business segment of "Infrastructure & Real Estate".

6 Related Party Disclosures:

a List of Related Parties and Description of Relationships

i. Promoters Group

M/s. Eaugu Udyog Ltd.*

M/s. Mantra Day Traders Pvt. Ltd.*

M/s. Fortune Point Exports Pvt. Ltd.*

* all the three co-promoters of your company are members of the same "Group", as that expression is defined in erstwhile MRTP Act 1969.

ii. Associates:

Hazoor Township Developers Pvt. Ltd.

iii Company under the same Management:

M/s. Hazoor Multi Projects Ltd.

M/s. Hazoor Aambey Valley Developers Pvt. Ltd.

iv Key Managerial Personnel:

Mr. V I Garg

Note: Related party relationships are identified by the Company and relied upon by the Auditors.

7 Advances recoverable in cash or in kind or for value to be received include amounts due from companies under the same management within the meaning of Section 370 (1B) of the Companies Act, 1956 as given below :

8 The provisions of payment of Gratuity Act, 1972 are not applicable to the company.

9 The provisions of PF / ESIC Act are not applicable to the company.

10 There is no amount due and outstanding to be credited to Investor Education and Protection Fund.

11 The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current presentation.


Mar 31, 2011

Company overview

1. The company is carrying out Infrastructure & Real Estate Development activities through its associate Hazoor Township Developers Pvt. Ltd (HTDPL) who are operating in the segment of Infrastructure & Real Estate Development. The Associate is carrying out the development of Housing Project comprising of affordable apartments and convenient shopping catering to middle income group in Pune city.

1. Amounts in the financial statements are presented in Rupees and figures have been rounded off to nearest rupee wherever applicable.

2.The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current presentation.

3.Other operative income of Rs. 188.39 lacs represents surplus on cost of Investments in Associates during the Quarter as per AS- 13 " Accounting for Investments" issued by the Institute of Chartered Accountants of India (ICAI)/Company (Accounting Standards) Rules, 2006. These surplus was recognized as 'Share of Profit from Associates' in Consolidated Financial Statements of the company of earlier years on the basis of Equity Method as prescribed in AS – 23 " Accounting for Investment in Associates" issued by the Institute of Chartered Accountants of India (ICAI)/Company (Accounting Standards) Rules, 2006.

4.Quantitative Information:

The Company is engaged in the development of computer Software and Infrastructure/ Real Estate Developments. Therefore, the provisions of clause 3 (ii) of Schedule VI of Part II of Companies Act, 1956 are not applicable to the company and hence no quantitative details are given.

5. Income Taxes:

Provisions for current tax is made in view of the Profit for the period, in terms of the provisions of the Income Tax Act, 1961.

6.Remuneration Paid/Payable to Directors and other Chief Managerial Personnel as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, the number of employees employed for the whole period drawing salary of Rs. 60,00,000/- per annum or more is NIL and the number of employees employed for part of the year drawing salary of Rs.5,00,000/- per month or more is also NIL.

7.In the Opinion of Board of Directors, all the Current Assets, Loans and Advances have a value on realization in the ordinary course of Business at least equal to the amount at which they are stated and all the known liabilities as at the end of period have been provided for.

8. Segment Reporting:

The company operates in multi segment of Software and Infrastructure/ Real Estate Developments and accordingly segment wise Result have been provided as per Accounting Standards - 17 (AS-17) issued by the Institute of Chartered Accountants of India (ICAI)/Company (Accounting Standards) Rules, 2006.

9. Related Party Disclosures:

a) List of Related Parties and Description of Relationships

i.Promoters Group

M/s. Eaugu Udyog Ltd.*

M/s. Mantra Day Traders Pvt. Ltd.* along with their individuals promoter shareholder

M/s. Fortune Point Exports Pvt. Ltd.* along with their individuals promoter shareholder

* all the above co-promoters of your company are members of the same "Group", as that expression is defined in MRTP Act 1969.

ii. Associates:

Hazoor Township Developers Pvt. Ltd.

iii. Company under the same Management:

M/s. Hazoor Multi Projects Ltd.

M/s. Hazoor Aambey Valley Developers Pvt. Ltd.

iv. Key Managerial Personnel:

Mr. Vikas Shukla

Ms. Anjali Modi

Note: Related party relationships are identified by the Company and relied upon by the Auditors.

10. The company has no dues to micro small enterprises during the period ended 31st March, 2011.

11. The provisions of payment of Gratuity Act, 1972 are not applicable to the company.

12. The provisions of PF / ESIC Act are not applicable to the company.

13. During the year company has changed its financial year ending from 31st July to 31st March and accordingly current period comprises of 8 months ending as on 31st March, 2011.

14. The Corresponding previous year was comprising of 8 months as the financial year ending is changed from 31st July to 31st March, therefore figures for the current period is not comparable with corresponding period in the previous year

15. There is no amount due and outstanding to be credited to Investor Education and Protection Fund.