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Notes to Accounts of Peeti Securities Ltd.

Mar 31, 2014

1. Estimated amount of Contracts to be executed on capital account and not 31-03-2014 31-03-2013 provided for

2. Contingent liabilities and commitments NIL NIL (to the extent not provided for)

(i) Contingent Liabilities

(a) Claims against the Company not acknowledged as debts

(b) Guarantees NIL NIL

(c) Other money for which the company is contingently liable NIL NIL

(ii) Commitments NIL NIL

(a) Estimated amount of contracts remaining to be executed on capital amount and not provided for

(b) Uncalled liability on shares and other investments partly paid NIL NIL

(c) Other Commitments NIL NIL

3. Segment Repoting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company for the current financial year 2013-14. As the Company has been operating in a single Segment i.e., Trading in Textiles.


Mar 31, 2013

1. No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

2 Segment Reporting: Disclosures requirements of Accounting Standards -17 are not applicable for the Company for the Current Year 2012-13, as the Company has been operating in a single segment i.e., Trading in Textiles

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs.1,00,000/- for more than 30-days

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.


Mar 31, 2012

1 Additional information pursuant to the provision of Part-II of Schedule-VI to the Companies Act. 1956 to the extent applicable

2 Segment Reporting: Disclosures requirements of Accounting Standards -17 are not applicable for the Company for the Current Year 2011-12, as the Company has been operating in a single segment i.e., Manufacturing and Trading in Textiles

3 The financial statements for the year ended 31st March, 2011 had been prepared as per the then applicable, pre- revised Schedule VI to the Companies Act,1956. Consequent to the notification under the Companies Act,1956, the financial statements for the year ended 31st March, 2012 are prepared under revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification.


Mar 31, 2011

1.Contingent Liabilities:

a) Claims against Company not acknowledged as debts: NIL NIL

b) Liability on partly paid-up shares : NIL NIL

c) Contracts Remaining to be Executed on Capital Accounts : NIL NIL

2. Value of imports on CIF basis : NIL NIL

3. Expenditure in Foreign Currency : NIL NIL

4. Earnings in Foreign Currency NIL NIL

5 Discloures in accordance with Section 22 of Micro Small and Medium Enterprises Development Act 2006.

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1, 00,000/- for more than 30 days.

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act. 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

6. Related Party Disclosure:

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

List of Related Parties;

Name of Relation Name of Related Party

1. Wife Of Managing Director 1 Nisha Peeti

2. Wife of Executive Director 2. Sonika Peeti

Directors & Key Managerial Personnel.

1. Sandeep Peeti

2. Rajesh Peeti

Other Associates and Related Concerns

1. Peeti & Co

7 Segment Reporting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company lor the current year 2010-2011. As the Company has been operating in a single Segment i.e. Manufacturing & Trading in Textiles.

8. No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

9. Previous Year's Figures have been regrouped, rearranged and reclassified wherever necessary.


Mar 31, 2010

1. Contingent Liabilities:

a) Claims against Company not acknowledged as debts : NIL ( Previous year NIL )

b) Liability on partly paid-up shares NIL ( Previous year NIL )

c) Contracts Remaining to be Executed on Capital Accounts NIL ( Previous year NIL )

2. Value of imports on CIF basis NIL NIL

3. Expenditure in Foreign Currency NIL NIL

4. Earnings in Foreign Currency NIL NIL

5. Quantity Particulars as required Under Part II of Schedule VI of the Companies Act, 956.

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1, 00,000/- for more than 30 days.

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

6. Related Party Disclosure:

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

List of Related Parties:

Name of Relation Name of Related Party

1. Wife Of Managing Director 1. Nisha Peeti

2. Wife of Executive Director 2. Sonika Peeti

Directors & Key Managerial Personnel.

1. Sandeep Peeti

2. Rajesh Peeti

Other Associates and Related Concerns

1. Peeti & Co

7. Segment Reporting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company for the current year 2009-2010. As the Company has been operating in a single Segment i.e. Manufacturing & Trading in Textiles.

8. Prior Year Expenditure debited to Profit & loss Account represents expenses pertaining to prior years of Rs. 15,246/-.

9.No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

10. Generic Names of Principal Products/Service of the company

Description

PRODUCTS i). Finishing Cloths

 
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