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Notes to Accounts of PVV Infra Ltd.

Mar 31, 2014

1. Segment Reporting:

The company is engaged in the business of construction and infrastructure works which all together is only one business segment and the segment reporting not applicable for the company.

2. Related party Disclosures:

1. Related Party disclosures in accordance with AS-18 issued by The Institute of Chartered Accountants of India by virtue of share holding and key management personnel.

a) Relation Ship

i. Associate Companies : Nil

ii. 100% Subsidiary Companies : Nil

iii. Other Indian Subsidiaries : Nil

iv. Key Management Personnel : Director

b) The following transactions were carried out with related parties in the ordinary course of business.

ii. Key Management Personnel

Remuneration paid NIL NIL

3. There are no amounts due to small-scale industrial undertakings, to whom the company owes a sum which is outstanding for more than 30 days and hence the details in respect of outstanding dues to small-scale industrial undertakings are not furnished, as required as per the notification No.GSR 129(E) dated 22nd February 1999.

4. Previous year''s figures have been reclassified/regrouped wherever necessary to conform to the current years'' classification.


Mar 31, 2013

(a) SEGMENT REPORTING:

The Company is engaged primarily in the business of Real estate and accrodingly there are no separatereportable segment as per accounting standard -AS17- Segment Reporting

(b) CONTIGENT LIABILITIES & COMMITMENTS: NIL

(c) DUES TO MICRO , SMALL & MEDIUM ENTERPRISES:

The Company has no dues to Micro,Small & Medium enterprises during the year ended 31st March 2013.

(d) The Company has neither earned any income nor incurred any expense in Foreign Currency during the year 2012-2013.


Mar 31, 2012

1 RELATED PARTY DISCLOSURE:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosure of transaction with the related parties are given below:

2 EMPLOYEES BENEFIT:

The Company has not made any provision in the books for employees benefits- hence the Accounting Standard (AS) 15, is not applicable.

3 Contingent Liabilities - NIL

4 The company has Calls in Arrears of Rs. 15,39,995/- on 3,07,799 equity shares of Rs. 5/- each and the company is taking necessary steps for realization of calls in arrears.

5 SEGMENT REPORTING

The Company is engaged primarily in the business of Real estate and accordingly there are no separate reportable segment as per accounting standard -AS17- Segment Reporting

6 CONTIGENT LIABILITIES & COMMITMENTS NIL

7 DUES TO MICRO , SMALL & MEDIUM ENTERPRISES

The Company has no dues to Micro,Small & Medium enterprises during the year ended 31st March 2012.

8 The Company has neither earned any income nor incurred any expense in Foreign Currency during the year 2011-2012.

9 Previous Year''s Figures Have Been Re- Grouped And Re-Classified Wherever Necessary, To Confirm Current Year''s Classification.


Mar 31, 2011

A) The company is engaged only in one business activity , which as per Accounting Standard 17, is considered the only reportable business.

b) The company has Calls in Arrears of Rs. 22,52,985/- on 4,51,500 equity shares of Rs. 5/- each and the company is taking necessary steps for realization of calls in arrears.

c) Loan represents amount advanced to various parties on short term and interest charged on accrual basis is prima facie not prejudicial to the interest of the company.

d) Contingent Liabilities - NIL

e) Balance from sundry debtors, creditors, loans and advances are subject to reconciliation and confirmation

f) RELATED PARTY DISCLOSURE:

g) EMPLOYEES BENEFIT:

The company is not adopting Accounting Standard (AS) 15 - "Employee Benefit" and no provisions made in books of account as the liability on account of gratuity as on 31/03/2011 is not material.

h) Previous year''s figures have been regrouped wherever found necessary to conform to the current year''s presentation.


Mar 31, 2010

A) The company is engaged only in one business activity , which as per Accounting Standard 17, is considered the only reportable business.

b) The company has Calls in Arrears of Rs. 22,52,985/- on 4,51,500 equity shares of Rs. 5/- each and the company is taking necessary steps for realization of calls in arrears.

c) Loan represents amount advanced to various parties on short term and interest charged on accrual basis is prima facie not prejudicial to the interest of the company.

e) Earning in Foreign Currency - NIL

f) Expenditure in Foreign Currency - NIL

g) Contingent Liabilities - NIL

h) Balance from sundry debtors, creditors, loans and advances are subject to reconciliation and confirmation

i) EMPLOYEES BENEFIT:

The company is not adopting Accounting Standard (AS) 15 - "Employee Benefit" and no provisions made in books of account as the liability on account of gratuity as on 31/03/2010 is not material.

j) Previous year''s figures have been regrouped wherever found necessary to conform to the current year''s presentation.

 
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