Mar 31, 2015
1. BACKGROUND:
Pawansut Holdings Limited ('the Company') was incorporated on 06th
December, 1984 having CIN L65929DL1984PLC019506. The PAN of the Company
is AAACP6964H. The Company is maintaining its Bank Account with ICICI
Bank Ltd. The company is involved in the Non- Banking Finance Business
activities.
2. SEGMENT REPORTING:
(a) The company's sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
is not considered relevant.
3. Information related to Micro, small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
2006 (MSME Development Act). There is no due to small scale Industrial
undertaking which are required to be disclosed as per schedule III to
the Companies Act, 2013.
4. Disputed liabilities & claims as treated as contingent liabilities.
Claims against the Company other than assessment proceedings not
acknowledged as debts Rs. Nil (P.Y. Nil)
5. Pursuant to provisions of the Companies Act, 2013 during the year,
the company is not required to transfer an amount due for transfer to
Investors Education Protection Fund.
6. The debit & credit balances outstanding in the accounts of various
parties are subject to confirmation by the parties concerned.
7. Figures for previous year have been regrouped and rearranged
wherever considered necessary.
8. In the opinion of the management, the current assets, loans and
advances have the value, which on realization in the ordinary course of
business would at least equal to that at which the same have been
stated in the balance sheet.
9. No interest has been paid for long term borrowings.
10. Being an NBFC Company, the company should charge interest from all
the parties. It has been noticed that the company is not charging
interest from all the parties.
11. According to our opinion Service Tax is applicable on Reverse Charge
Mechanism on Travelling Expenses by Taxi incurred by company through
non corporate assessee. The Service Tax has not been paid for this.
12. RELATED PARTY DISCLOSURES:
Details of disclsures as required by " Accounting Standard (AS)-18 on
Related Party Disclosure" are as under:-
a) Name of related parties and description of relationship:
Key Management Personnel
Shri Laxman Singh Satyapal Managing Director
Shri Pradeep Kumar Jindal Director
Shri Pawan Kumar Poddar Director
Shri Uttam Kumar Srivastava Director
Ms. Shweta Gupta Company Secretary
Shri Vinit Kumar Sharma CFO
b) Related party transactions:
Name Nature Closing Balance
Delta Leasing and Finance Ltd. Loan Accepted Rs. 55,79,081/-
c) As per the information available following amount has been paid to
related parties:
Name Nature of payment Amount
Laxman Singh Satyapal Salary Rs. 2,64,000/-
13. Disclosure of details as required by para 13 of Non- Banking
Financial (Non - Companies Prudential Norms (Reserve Bank) Directions,
2007)
Mar 31, 2014
BACKGROUND AND PRINCIPAL ACTIVITIES:
Pawansut Holdings Limited (The Company) was incorporated on 06th
December, 1984 having CIN L65929DL1984PLC019506. The PAN of the Company
is AAACP6964H. The Company is maintaining its Bank Account with ICICI
Bank Ltd. The company is involved in the Non-Banking Finance Business
activities.
1. The company has adopted the Accounting Standards 22 "Accounting for
taxes on Income" issued by the Institute of Chartered Accountants of
India. Provision for current tax is made after taking into
consideration, benefits admissible under the provisions of Income Tax
Act, 1961.
2. Disputed liabilities & claims are treated as contingent
liabilities. Claims against the Company other than assessment
proceedings not acknowledged as debts Rs. Nil (P.Y. N.A.)
3. The Company''s sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
is not considered relevant.
4. I. The Company has closing stock at Market Value or Cost whichever
is less.
II. There is no amount of Capital Work in Progress.
7. Pursuant to provisions of section 205C of the Companies Act, 1956
during the year, the Company is not required to transfer any amount due
for transfer to Investors Education Protection fund.
8. The debit & credit balances outstanding in the accounts of various
parties are subject to confirmation by the parties concerned.
9. Figures for previous year have been regrouped and rearranged
wherever considered necessary.
10. In the opinion of the management, the current assets, loans and
advances have the value, which on realization in the ordinary course of
business would at least be equal to that at which the same have been
stated in the Balance Sheet.
11. The company has not received any intimation from "suppliers"
regarding their status under Micro Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid/payable
as required under the said Act have not been furnished.
12. No interest has not been paid for long term borrowings.
13. An amount of Rs. 35, 26,509/- is due to Appline Bio-Tech Ltd. This
amount is outstanding for more than One Year. Also, Rs. 69,58,000/- is
due to Emerald Financial Consultant and Rs. 40,00,000/- is due from
Inspire2Aspire Business Solutions Pvt. Ltd. All these amount are
outstanding for more than one year.
14. Being an NBFC Company, the company should charge interest from all
the parties. It has been noticed that the company is not charging
interest from all the parties.
15. According to our opinion Service Tax is applicable on Reverse
Charge Mechanism on Traveling Expenses by taxi incurred by company
through non corporate assessee. The Service Tax has not been paid for
this.
16. The Company was not able to provide Balance Confirmations of many
Parties. Thus, Balances provided by the Company had to be relied.
17. RELATED PARTY DISCLOSURES
Details of disclosures as required by "Accounting Standard (AS)-18 on
related party disclosure" are as under
a) Names of related parties and description of relationship :
Key Management Personal
Laxman Singh Satyapal Managing Director
Pradeep Kumar Jindal Director
Pawan Kumar Poddar Director
Uttam Kumar Srivastava Director
Shweta Gupta Company Secretary
Mar 31, 2013
BACKGROUND AND PRINCIPAL ACTIVITIES:
Pawansut Holdings Limited (The Company) was incorporated on 06th
December, 1984 having CIN L65929DL1984PLC019506. The PAN of the Company
is AAACP6964H. The Company is maintaining its Bank Account with ICICI
Bank Ltd. The company is involved in the Non- Banking Finance Business
activities.
1. The company has adopted the Accounting Standards 22 "Accounting for
taxes on Income" issued by the Institute of Chartered Accountants of
India. Provision for current tax is made after taking into
consideration, benefits admissible under the provisions of Income Tax
Act, 1961.
2. Disputed liabilities & claims are treated as contingent
liabilities. Claims against the Company other than assessment
proceedings not acknowledged as debts Rs. Nil (P.Y. N.A.)
3. The Company''s sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
is not considered relevant.
4. I. The Company has closing stock at Market Value or Cost whichever
is less.
II. There is no amount of Capital Work in Progress.
5. Information pursuant to para 3, 4c and 4d of part II of schedule VI
to the companies Act, 1956. (to the extent applicable).
a) Value of imports on CIF basis Nil Nil
b) Expenditure in foreign currency Nil Nil
c) Value of imported raw materials Nil Nil
d) Remittance on account of Dividend to non-resident Shareholders Nil
Nil
e) Earning in Foreign Currency Nil Nil
6. Pursuant to provisions of section 205C of the Companies Act, 1956
during the year, the Company is not required to transfer any amount due
for transfer to Investors Education Protection fund.
7. The debit & credit balances outstanding in the accounts of various
parties are subject to confirmation by the parties concerned.
8. Figures for previous year have been regrouped and rearranged
wherever considered necessary.
9. In the opinion of the management, the current assets, loans and
advances have the value, which on realization in the ordinary course of
business would at least be equal to that at which the same have been
stated in the Balance Sheet.
10. The company has not received any intimation from "suppliers"
regarding their status under Micro Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid/payable
as required under the said Act have not been furnished.
11. No interest has not been paid for long term borrowings.
12. An amount of Rs. 35,26,509/- is due to Appline Bio-Tech Ltd. This
amount is outstanding for more than One Year.
13. Being an NBFC Company, the company should charge interest from all
the parties. It has been noticed that the company is not charging
interest from all the parties.
14. The Bank Statement of State Bank of India (Bhagwan Krishan
Investment and Trading Co. Pvt. Ltd.) is not available with the company
hence Balance given by company has been accepted.
Mar 31, 2012
1 Information related to Micro, Small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
2006 (MSME Development Act). There is no due to small scale industrial
undertaking which are required to be disclosed as per schedule VI to
the Comapnies Act,1956.
2 RELATED PARTY DISCLOSURES:
Details of disclosures as required by "Accounting Standard (AS)- 18 on
Related Party Disclosure" are as under:- a) Names of related parties
and description of relationship: Key Management Personnel
Shri Pradeep Kumar Jindal Director
Shri Laxman Singh Satyapal Director
Shri Pawan Kumar Poddar Director
Shri Uttam Kumar Srivastava Director
Ms. Yachika Bhatia Company Secretary
b) Related party transactions:
As per the information available it seems that there were no related
party transactions.
Mar 31, 2011
1. The company has adopted the Accounting Standards 22 ÂAccounting for
taxes on Income'' issued by the Institute of Chartered Accountants of
India. Provision for current tax is made after taking into
consideration, benefits admissible under the provisions of Income Tax
Act, 1961.
2. Disputed liabilities & claims are treated as contingent
liabilities. Claims against the Company other than assessment
proceedings not acknowledged as debts Rs. Nil (P.Y. N.A.)
3. Disclosure of details pertaining to related party transactions in
terms of accounting standard 18 Â Related party disclosures issued by
the Institute of Chartered Accountants of India.
(I) List of Related Parties:- Key Managerial Personnel:- (i) Laxman
Singh Satyapal, Director (ii) Pradeep kumar Jindal, Director (iii)
Pawan Kumar Poddar, Director (iv) Uttam Kumar Srivastava , Director
4. The Company''s sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
is not considered relevant.
5. I. The Company has closing stock at Market Value or Cost whichever
is less. II. There is no amount of Capital Work in Progress.
6. Additional information as required under part-IV of schedule VI of
companies Act, 1956 enclosed.
7. Pursuant to provisions of section 205C of the Companies Act, 1956
during the year, the Company is not required to transfer any amount due
for transfer to Investors Education Protection fund.
8. The debit & credit balances outstanding in the accounts of various
parties are subject to confirmation by the parties concerned.
9. Figures for previous year have been regrouped and rearranged
wherever considered necessary.
10. In the opinion of the management, the current assets, loans and
advances have the value, which on realization in the ordinary course of
business would at least be equal to that at which the same have been
stated in the Balance Sheet.
11. The company has not received any intimation from Âsuppliers''
regarding their status under Micro Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid/payable
as required under the said Act have not been furnished.
12. There is no whole time Company Secretary during the year.
Mar 31, 2010
1. Disclosure of details pertarning to related party transactions in
terms of accounting standard IB - Related j-arty disclosures issued by
the Instate of Chartered Accountants of India,
[I) List of Related Partles:-
(a) Key Managerial Personneh-
(i) tax man Singh Sa-tyapal, Director (li) Predeep kumar Jindal
Director (Hi) Meera MLshrar Director
(b) Associates!''
were an amount of Rs. 98,49,379/- payable to Mad hu math Infrastructure
Private Limited during the year Rs. 43,10,00a/- was paid & Rs. 24,000/-
was received. The Closing Balance is Rs. 55r63r37S/-t
An amount of Rs. 15,00,000/- has been advanced to Hajlma Resorts
Limited- This loan is repayable on demand but no Interest has been
charged on this loan,
2. The Company''s sole business segment is loan and Investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
Is not considered relevant.
I. The Company has dosing stock at Market Value or Cost whichever Is
less. H. There is no amount or Capital Work in Progress.
3. Additional information as required under part-lV of schedule VI of
companies Act, 1956 enclosed,
4. Pursuant to provisions of section 20SC of the Companies Act, 1956
during the yearH the Company Is not required to transfer any amount due
for transfer to Investors Education Protection fund.
5. The debit ft credit balances outstanding in the accounts of
various parties are subject la confirmation by the parties concerned,
In the op.nlon of the management, the current assets, loans ana
advances n*ve «* Âaluer which on realization In the ordinary course of
business would at least be equal tu that at which the same have been
stated in the Balance Sheet,
6. The company has not received any intimation from "suppers"
regarding their status under Micro Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid/payable
as required under the said Act have not been furnished.
Mar 31, 2009
1. Disclosure of details pertaining to related party transactions in
terms of accounting standard 18 - Related party disclosures issued by
the Institute of Chartered Accountants of India.
(I) List of Related Parties :
(a) Key Managerial Personnel
(i) Laxman Singh Satyapal, Director (ii) Pradeep Kumar Jindal, Director
(iii) Meera Mishra, Director
There were no transactions with the related parties during the year.
Note: Related party relationship is as identified by the company and
relied upon by the auditors.
2. The company''s sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting standard 17 segment reporting
is not considered relevant.
3. There are no dues due to small scale Industrial undertaking which
are required to be disclosed as per schedule VI to the Companies Act,
1956.
4. Pursuant to provisions of section 205C of the Companies Act, 1956
during the year, the Company is not required to transfer any amount due
for transfer to Investors Education Protection fund.
5. Additional information as required under part IV of schedule VI of
companies Act, 1956 enclosed.
6. Previous figures have been regrouped and reclassified whenever
necessary.
7. Previous year figures have been regrouped/rearranged and rounded
off to nearest rupees wherever considered necessary.
Mar 31, 2008
1. The company has recognised deferred tax Assets of Rs. 8,845/- for
the year ended 31st March 2008. The Components of deferred tax
liability is as under: -
2. Disclosure of details pertaining to related party transactions in
terms of accounting standard 18 - Related party disclosures issued by
the Institute of Chartered Accountants of India.
(I) List of Related Parties :
(a) Key Managerial Personnel
(i) Laxman Singh Satyapal, Director (ii) Pradeep Kumar Jindal, Director
(iii) Meera Mishra, Director
There were no transactions with the related parties during the year.
Note: Related party relationship is as identified by the company and
relied upon by the auditors.
3. The companyÂs sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting standard 17 segment reporting
is not considered relevant.
4. There are no dues due to small scale Industrial undertaking which
are required to be disclosed as per schedule VI to the Companies Act,
1956.
5. Pursuant to provisions of section 205C of the Companies Act, 1956
during the year, the Company is not required to transfer any amount due
for transfer to Investors Education Protection fund.
6. Additional information as required under part IV of schedule VI of
companies Act, 1956 enclosed.
7. Previous figures have been regrouped and reclassified whenever
necessary.
8. GENERIC NAMES OF THREE PRINCIPLAL PRODUCTS/SERVICES OF COMPANY
(As per monetary terms)
Item Code No. (ITC Code) N. A.
Product Description:
9. Previous year figures have been regrouped/rearranged and rounded
off to nearest rupees wherever considered necessary.
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