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Notes to Accounts of Partani Appliances Ltd.

Mar 31, 2015

I) Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation are certified by the management.

ii) In the opinion of the Board of Directors, Current Assets and Loans and Advances have die value at which these are slated in the Balance Sheet, if realized in the ordinary course of business. Unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required.

iii) The accounting policies for segment reporting are in conformity with accounting policies adopted for the company. The company is operates in only one segment i.e., in India hence separate information on geographical segment is not required.

iv) Accounting of Intangible Assets: Intangible asset was not written off in period of five years

v) Previous year figures are re-grouped, re-classified during current period wherever necessary


Mar 31, 2013

1. During the year the company received calls in arrears @ 7.50 per share in respect of 30,88,700 shares amount to Rs.23165250-00 and outstanding calls in arrears represents 607600 shares @7.50 per share due

2. Micro,Small and Medium scale business entities:

The company does not owe any sum to Micro & Small enterprises as at the end of the accounting year on account of principal and interest under the Micro, Small and Medium Enterprises Development Act, 2006 as per the information and records available with the company about their industrial status.

3) Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation.

4) In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business. Unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required.

5) The accounting policies for segment reporting are in conformity with accounting policies adopted for the company. The company is operates in only one segment i.e., in India hence separate information on geographical segment is not required.

6) Value of Imports on CIF basis NIL NIL

7) Expenditure in foreign currency NIL NIL

8) Earnings in foreign currency NIL NIL

9) Previous year figures are re-grouped, re-classified during current period wherever necessary


Mar 31, 2012

I) Earning per share:

In determining eaming per share, the company considers the net profit after tax and includes post tax effect of any extra ordinary items. The number of shares used in computing basic earning per share is the weighted average number of shares outstanding during the period.

ii) Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation.

iii) In the opinion of the Board of Directors, Current Assets and Loans and advances have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business. Unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required. A

iv) The accounting policies for segment reporting are in conformity with accounting policies adopted for the company. The company is operates in only one segment i.e., in India hence separate information on geographical segment is not required.

v) Related parties disclosures as per accounting standard AS-18

(The information is given as complied and certified by the management)

vi) Previous year figures are re-grouped, re-classified during current period wherever necessary.

 
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