Mar 31, 2014
1. Contingent Liabilities
Current Year Previous Year
(Rs.) (Rs.)
i. Sales tax matters pending in appeal 481,82,660* 481,82,660*
ii. Excise Duty matter pending in appeal 6,55,055** 6,55,055**
iii. Claims against the company 15,33,937 15,33,937
*Against the above, the company has paid Rs.26,43,121 under protest.
** Against the above, the Company has paid Rs.100,000 as deposit
The above figures exclude interest and penal charges which may be
levied by the authorities
2. Unclaimed dividend and share application money refundable is
subject to reconciliation. The accounts show a payable balance of
Rs.3,829 and Rs.14,896 respectively in the current as well as in
previous year.
3. The company has neither appointed a Company Secretary as required
under the provisions of Section 383A of the Companies Act, 1956 nor
obtained a compliance certificate from a Company Secretary.
4. Balance of Sundry Debtors, Loans and Advances, Sundry Creditors and
Unsecured Loan are subject to confirmation/reconciliation.
5. The company has not ascertained the status of the entities of its
creditors. Hence the amount of Rs 100,000 or more outstanding to Small
Scale Industrial Undertakings for over 30 days as on 31.03.14 is not
ascertained. Further the dues outstanding to enterprises which have
provided goods and services to the Company and which qualify under the
definition of Micro, Small and Medium enterprises as defined under
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
as on 31.03.14 is not ascertained.
6. The deferred tax assets have not been recognized keeping in view
the consideration of prudence in accordance with Accounting Standard 22
''Accounting for taxes on income'' issued by the Institute of Chartered
Accountants of India. The company will reassess the unrecognized
deferred tax assets in the subsequent period having regard to the
future developments.
7. Obligation On Long Term Operating Lease
Head office at Mumbai
The lease expired on 28.02.2006 and is pending for renewal. Provision
for lease rental payable upto 31.03.2014 is made at Rs.16,727 per
month. Further provision for adhoc interest has been made including Rs
550,000 for the year ended 31.3.14 (previous year Rs 450,000). The
total provision towards rent and interest as on 31.3.14 is Rs
27,91,086.
8. Additional Information Pursuant To Paras 3,4c & 4d Of Partll OF
SCHEDULE VI OF THE COMPANIES ACT.1956.
A. Not applicable as the Company has no manufacturing operations and no
inventory.
B. There are no earnings and expenditure in foreign currency.
9. Previous year''s figures have been re-arranged, wherever necessary
to make the same comparable with the current year''s figures.
Sep 30, 2012
1. Contingent Liabilities
Current Year Previous Year
(Rs/) (Rs)
i) Sales tax matters pending
in appeal 481,82,660* 481,82,660*
ii) Excise Duty matter
pending in appeal 6,55,055** 6,55,055*
iii. Claims against the
company 15,33,937 15, 33,937
* Against the above, the company has paid Rs.26,43,121 under protest,
** Against the above, the Company has paid Rs. 100,000 as deposit
The above figures exclude interest and penal charges which may be
levied by the authorities
2. Unclaimed dividend and share application money refundable is
subject to reconciliation. The accounts show a payable balance of
Rs.3,829 and Rs. 14,896 respectively in the current as well as in
previous year.
3. The company has neither appointed a Company Secretary as required
under the provisions of Section 383A of the Companies Act, 1956 nor
obtained a compliance certificate from a Company Secretary.
4. Balance of Sundry Debtors, Loans and Advances, Sundry Creditors
and Unsecured Loan are subject to confirmation/reconciliation.
5. The company has not ascertained the status of the entities of its
creditors. Hence the amount of Rs 100,000 or more outstanding to Small
Scale Industrial Undertakings for over 30 days as on 30.09.12 is not
ascertained. Further the dues outstanding to enterprises which have
provided goods and services to the Company and which qualify under the
definition of Micro, Small and Medium enterprises as defined under
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
as on 30.9.12 is not ascertained.
6. The deferred tax assets have not been recognized keeping in view
the consideration of prudence in accordance with Accounting Standard 22
'Accounting for taxes on income" issued by the Institute of Chartered
Accountants of India. The company will reassess the unrecognized
deferred tax assets in the subsequent period having regard to the
future developments.
7. Obligation On Long Term Operating Lease
Head office at Mumbai
The lease expired on 28.02.2006 and is pending for renewal. Provision
for lease rental payable up to 30.09.2012 is made at Rs.16,727 per
month. Further provision for ado interest has been made including Rs
550,000 for the year ended 30.9.12 (previous year Rs 450,000). The
total provision towards rent and interest as on 30.9.12 is Rs
27, 91,086.
8. Additional Information Pursuant To Pares 3.4c & 4d Of part II OF
SCHEDULE VI of the COMPANIES
A. Not applicable as the Company has no manufacturing operations and no
inventory.
B. There are no earnings and expenditure in foreign currency.
9. Previous year's figures have been re-arranged, wherever necessary
to make the same comparable with the current year's figures.
Sep 30, 2011
1. Contingent Liabilities
Current Year Previous Year
(Rs.) (Rs.)
i. Sales tax matters pending in appeal 481,82,660* 481,82,660*
ii. Excise Duty matter pending in appeal 6,55,055** 6,55,055**
iii. Claims against the company 15,33,937 15,33,937
* Against the above, the company has paid Rs.23,21,600 under protest.
** Against the above, the Company has paid Rs. 100,000 as deposit
The above figures exclude interest and penal charges which may be
levied by the authorities
2. Unclaimed dividend and share application money refundable is
subject to reconciliation. The accounts show a payable balance of
Rs.3,829 and Rs.14,896 respectively in the current as well as in
previous year.
3. The company has neither appointed a Company Secretary as required
under the provisions of Section 383A of the Companies Act, 1956 nor
obtained a compliance certificate from a Company Secretary.
4. Balance of Sundry Debtors, Loans and Advances, Sundry Creditors and
Unsecured Loan are subject to confirmation/reconciliation.
5. The company has not ascertained the status of the entities of its
creditors. Hence the amounts of Rs 100,000 or more outstanding to Small
Scale Industrial Undertakings for over 30 days as on 30.09.11 is not
ascertained. Further the dues outstanding to enterprises which have
provided goods and services to the Company and which qualify under the
definition of Micro, Small and Medium enterprises as defined under
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
as on 30.9.11 is not ascertained.
6. The deferred tax assets have not been recognized keeping in view
the consideration of prudence in accordance with Accounting Standard 22
'Accounting for taxes on income' issued by the Institute of Chartered
Accountants of India. The company will reassess the unrecognized
deferred tax assets in the subsequent period having regard to the
future developments.
There are no potential equity shares as on 30.09.2011 and accordingly
the Diluted Earnings per share is the same as the Basic Earning Per
Share.
7. Obligation On Long Term Operating Lease
Head office at Mumbai
The lease expired on 28.02.2006 and is pending for renewal. Provision
for lease rental payable up to 30.09.2011 is made at Rs.16,727 per
month. Further provision for adhoc interest has been made including Rs
450,000 for the year ended 30.9.11 (previous year Rs 350,000). The
total provision towards rent and interest as on 30.9.11 is Rs
20,40,362.
8. Additional Information Pursuant To Para's 3,4c & 4d Of Part II OF
SCHEDULE VI OF THE COMPANIES ACT,1956.
A. Not applicable as the Company has no manufacturing operations and no
inventory.
B. There are no earnings and expenditure in foreign currency.
9. Previous years figure have been re-arranged, wherever necessary to
make the same comparable with the current year figures.
Sep 30, 2010
1. Contingent Liabilities
Current Year Previous Year
(Rs.) (Rs.)
i.Sales tax matters pending in
appeal 481,82,660* 481,82,660*
ii.Excise Duty matter pending in
appeal 6,55,055** 6,55,055**
iii. Claims against the company 15,33,937 15,33,937
* Against the above, the company has paid Rs.23,21,600 under protest.
** Against the above, the Company has paid Rs.100,000 as deposit
The above figures exclude interest and penal charges which may be
levied by the
authorities
2. Unclaimed dividend and share application money refundable is
subject to reconciliation. The accounts show a payable balance of
Rs.3,829 and Rs.14,896 respectively in the current as well as in
previous year.
3. The company has neither appointed a Company Secretary as required
under the provisions of Section 383A of the Companies Act, 1956 nor
obtained a compliance certificate from a Company Secretary.
4. Balance of Sundry Debtors, Loans and Advances, Sundry Creditors and
Unsecured Loan are subject to confirmation/reconciliation.
5. The company has not ascertained the status of the entities of its
creditors. Hence the amounts of Rs 100,000 or more outstanding to Small
Scale Industrial Undertakings for over 30 days as on 30.09.10 is not
ascertained. Further the dues outstanding to enterprises which have
provided goods and services to the Company and which qualify under the
definition of Micro, Small and Medium enterprises as defined under
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
as on 30.9.10 is not ascertained.
6. The deferred tax assets have not been recognised keeping in view
the consideration of prudence in accordance with Accounting Standard 22
'Accounting for taxes on income' issued by the Institute of Chartered
Accountants of India. The company will reassess the unrecognised
deferred tax assets in the subsequent period having regard to the
future developments.
There are no potential equity shares as on 30.09.2010 and accordingly
the Diluted Earnings per share is the same as the Basic Earning Per
Share.
7. Obligation On Long Term Operating Lease
Head office at Mumbai
The lease expired on 28.02.2006 and is pending for renewal. Provision
for lease rental payable upto 30.09.2010 is made at Rs. 16,727 per
month. Further provision for adhoc interest has been made including Rs
350,000 for the year ended 30.9.10 (previous year Rs 300,000). The
total provision towards rent and interest as on 30.9.10 is Rs
13,89,638.
8. Additional Information Pursuant To Paras 3,4c & 4d Of Part II OF
SCHEDULE VI OF THE COMPANIES ACT.1956.
A. Not applicable as the Company has no manufacturing operations and no
inventory.
B. There are no earnings and expenditure in foreign currency.
9. Previous years figure have been re-arranged, wherever necessary to
make the same comparable with current period figures.
Sep 30, 2009
1. Contingent Liabilities
Current Year Previous Year
(Rs.) (Rs.)
i. Sales tax matters pending
in appeal 363,00,371* 363,00,371*
ii.Excise Duty matter pending
in appeal 6,55,055 6,55,055
iii. Claims against the company 15,33,937 15,33,937
* Against the above, the company has paid Rs.26,43,121 under protest.
2. Unclaimed dividend and share application money refundable is
subject to reconciliation. The accounts show a payable balance of
Rs.3,829 and Rs. 14,896 respectively in the current as well as in
previous year.
3. The company has neither appointed a Company Secretary as required
under the provisions of Section 383A of the Companies Act, 1956 nor
obtained a compliance certificate from a Company Secretary.
4. Balance of Sundry Debtors, Loans and Advances, Sundry Creditors and
Unsecured Loan are subject to confirmation/reconciliation.
5. The company has not ascertained the status of the entities of its
creditors. Hence the amounts of Rs 100,000 or more outstanding to Small
Scale Industrial Undertakings for over 30 days as on 30.9.09 is not
ascertained. Further the dues outstanding to enterprises which have
provided goods and services to the Company and which qualify under the
definition of Micro, Small and Medium enterprises as defined under
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
as on 30.9.09 is not ascertained.
6. The deferred tax assets have not been recognised keeping in view
the consideration of prudence in accordance with Accounting Standard 22
Accounting for taxes on income issued by the Institute of Chartered
Accountants of India. The company will reassess the unrecognised
deferred tax assets in the subsequent period having regard to the
future developments.
7. Obligation On Long Term Operating Lease
Head office at Mumbai
The lease expired on 28.02.2006 and is pending for renewal. Provision
for lease rental payable upto 30.09.2009 is made at Rs. 16,727 p.m. and
adhoc interest of Rs.2,50,000 p.a was provided upto 30.09.08 and for
the year ended 30.09.09 whose provision for interest has been made at
Rs.3,00,000 p.a.
8. Additional Information Pursuant To Paras 3.4c & 4d Of Part II OF
SCHEDULE VI OF THE COMPANIES ACT.1956.
A. Not applicable as the Company has no manufacturing operations and no
inventory.
B. There are no earnings and expenditure in foreign currency.
9. Previous years figure have been re-arranged, wherever necessary to
make the same comparable with current period figures.
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