Mar 31, 2015
1. Basis of Preparation of Accounts
These accounts are prepared under the historical cost convention. The
accounts conform to applicable Accounting standards in India. Financial
statements are prepared in accordance with relevant presentational
requirements of the Companies Act, 1956.
2. Revenue Recognition
Mercantile system of accounting followed.
3. Fixed Assets
a. Fixed assets are shown at cost. Cost in case of depreciable assets
is taken net of subsidy received in relation to specific fixed assets
from Government or other authorities. Preoperative expenses including
interest up to the date of installation of individual assets are
capitalized and added to the cost of the fixed assets when installed.
b. Depreciation on fixed assets is provided on straight line basis and
at the rates and in the manner specified in Schedule XIV to the
Companies Act, 1956.
4. Inventories
The company has abandoned all its manufacturing activities. There were
no trading activities carried out during the year.
5. Sundry Debtors, Loans & Advances
Provision for doubtful debts and loans and advances are made as and
when they are considered doubtful.
6. Miscellaneous Expenditure
Preliminary and share issue expenses are amortized over a period of 10
years.
7. Foreign Currency Transactions.
There is no foreign Currency transaction for the year.
8. Retirement benefits.
Necessary provisions are made by the company.
9. Provision for income tax.
Due to carry forward losses, no provision for income tax has been made.
10. Borrowing Cost
Borrowing costs attributable to acquisition and construction of assets
are capitalized as per the cost of such assets upto the date such
assets is ready for its intended use. Other borrowing costs are charged
to Profit & Loss Account.
The Company had placed inter-corporate deposit of Rs.5,41,00,000 with
M/s.Betwa Realtors Private Limited. Outstanding Balance is
Rs.52,525,000/-. In view of the default being committed by the said
company in repayment, interest on the said deposit for the current year
has not been recognized. The Company taken necessary steps for recovery
of the deposit along with interest. The Company has considered no
provision necessary at this stage.
*Statement of Fixed Assets Attached. Contingent liabilities not
provided for in respect of  Equitable mortgage of office flat as
collateral security for loans availed by others. Gross Block
Rs.4,57,359 ( Previous Year Rs.4,57,359).
Mar 31, 2014
1. Basis of Preparation of Accounts
These accounts are prepared under the historical cost convention. The
accounts conform to applicable Accounting standards in India. Financial
statements are prepared in accordance with relevant presentational
requirements of the Companies Act, 1956.
2. Revenue Recognition
Mercantile system of accounting followed.
3. Fixed Assets
a. Fixed assets are shown at cost. Cost in case of depreciable assets
is taken net of subsidy received in relation to specific fixed assets
from Government or other authorities. Preoperative expenses including
interest upto the date of installation of individual assets are
capitalized and added to the cost of the fixed assets when installed.
b. Depreciation on fixed assets is provided on straight line basis and
at the rates and in the manner specified in Schedule XIV to the
Companies Act, 1956.
4. Inventories
The company has abandoned all its manufacturing activities. There were
no trading activities carried out during the year.
5. Sundry Debtors, Loans & Advances
Provision for doubtful debts and loans and advances are made as and
when they are considered doubtful.
6. Miscellaneous Expenditure
Preliminary and share issue expenses are amortized over a period of 10
years.
7. Foreign Currency Transactions.
There is no foreign Currency transaction for the year.
8. Retirement benefits.
Necessary provisions are made by the company.
9. Provision for income tax.
Due to carry forward losses, no provision for income tax has been made.
10. Borrowing Cost
Borrowing costs attributable to acquisition and construction of assets
are capitalized as per the cost of such assets upto the date such
assets is ready for its intended use. Other borrowing costs are charged
to Profit & Loss Account.
Mar 31, 2013
1. Basis of Preparation of Accounts
These accounts are prepared under the historical cost convention. The
accounts conform to applicable Accounting standards in India. Financial
statements are prepared in accordance with relevant presentational
requirements of the Companies Act, 1956.
2. Revenue Recognition
Mercantile system of accounting followed.
3. Fixed Assets
a. Fixed assets are shown at cost. Cost in case of depreciable assets
is taken net of subsidy received in relation to specific fixed assets
from Government or other authorities. Preoperative expenses including
interest up to the date of installation of individual assets are
capitalized and added to the cost of the fixed assets when installed.
b. Depreciation on fixed assets is provided on straight line basis and
at the rates and in the manner specified in Schedule XIV to the
Companies Act, 1956.
4. Inventories
The company has abandoned all its manufacturing activities. There were
no trading activities carried out during the year.
5. Sundry Debtors, Loans & Advances
Provision for doubtful debts and loans and advances are made as and
when they are considered doubtful.
6. Miscellaneous Expenditure
Preliminary and share issue expenses are amortized over a period of 10
years.
7. Foreign Currency Transactions.
There is no foreign Currency transaction for the year.
8. Retirement benefits.
Necessary provisions are made by the company.
9. Provision for income tax.
Due to carry forward losses, no provision for income tax has been made.
10. Borrowing Cost
Borrowing costs attributable to acquisition and construction of assets
are capitalized as per the cost of such assets upto the date such
assets is ready for its intended use. Other borrowing costs are charged
to Profit & Loss Account.
Mar 31, 2012
1. Basis of Preparation of Accounts
These accounts are prepared under the historical cost convention. The
accounts conform to applicable Accounting standards in India. Financial
statements are prepared in accordance with relevant presentational
requirements of the Companies Act, 1956.
2. Revenue Recognition
Mercantile system of accounting followed. Except that no interest on
bank loan has been provided in view of settlement to be reached with
banks. Interest provided upto financial year 2003-04 amounting to
Rs.4,35,00,261/- has not been reversed, in view of the pending
settlement with bank.
3. Fixed Assets
a. Fixed assets are shown at cost. Cost in case of depreciable assets
is taken net of subsidy received in relation to specific fixed assets
from Government or other authorities. Preoperative expenses including
interest upto the date of installation of individual assets are
capitalized and added to the cost of the fixed assets when installed.
b. Depreciation on fixed assets is provided on straight line basis and
at the rates and in the manner specified in Schedule XIV to the
Companies Act, 1956.
4. Inventories
The company has abandoned all its manufacturing activities. There were
no trading activities carried out during the year.
5. Sundry Debtors, Loans & Advances
Provision for doubtful debts and loans and advances are made as and
when they are considered doubtful.
6. Miscellaneous Expenditure
Preliminary and share issue expenses are amortized over a period of 10
years.
7. Foreign Currency Transactions.
There is no foreign Currency transaction for the year.
8. Retirement benefits.
There was no business activities carried out during the year therefore
no person employed.
9. Provision for income tax.
Due to carry forward losses, no provision for income tax has been made.
10. Borrowing Cost
Borrowing costs attributable to acquisition and construction of assets
are capitalized as per the cost of such assets upto the date such
assets is ready for its intended use. Other borrowing costs are charged
to Profit & Loss Account.