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Notes to Accounts of Ridhi Synthetics Ltd.

Mar 31, 2014

1 Other Notes

(a) Deferred Tax Asset

Note : In the absence of virtual certainty of availability of sufficient future taxable income against which such deferred tax asset can be realized, the same has not been recognized in the books of account in line with Accounting Standard 22 dealing with "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

(b) As the Company does not have distinguishable business segments, the requirement to give.

(c) Related Party Disclosures:

List of related parties

(a) Key Management Personnel - Shri J.K. Jain - Director

(b) Relatives of Key Management Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

Note : Related party relationship is as identified by the management. Previous year''s figures are given in bracket.

(c) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast be equal to the amount at which they are stated.

(d) Previous year''s figures have been regrouped/reclassified wherever necessary to conform to current year presentation.

2. Share Capital

(a) The per value of Equity Share is Rs. 10.

(b) The terms/Rights attached to the Equity Shares:

The Company has only one class of Equity Shares. Each holder of equity shares is entitled to one vote per share. The Equity shareholders are entitled to dividend only if dividend in a particular financial year is recommended by the Board of Directors and approved by the members at the annual general meeting of that year. In the event of the liquidation of the Company, if the assets available for distribution are less than the paid up share capital, then the shortfall will be borne by the members proportionately. Where there is an excess, the same shall be distributed proportionately amongst the members.

3. Long Term Loans and Advances

Note : No loans and advances are due by directors or other officers, etc.


Mar 31, 2013

Corporate information

Ridhi Synthetics Ltd. (CIN L51900MH1981PLC025265) (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It''s shares are listed on the BSE Limited in India. The company is presently engaged in activities of investments in shares and securities.

Basis of Preparation

The financial statements have been prepared under the historical cost convention, in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956 as adopted consistently by the company.

All income and expenditure having a material bearing on the financial statements are recognised on accrual basis.

(a) As the Company does not have distinguishable business segments, the requirement to give segment reporting as per Accounting Standard (AS 17) on Segment Reporting is not applicable

(a) Related Party Disclosures : List of related parties

(b) Key Management Personnel - Shri J.K. Jain - Director

(c) Relatives of Key Mangement Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

(d) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast.be equal to the amount at which they are stated.

(e) Previous year''s figures have been regrouped/reclassified wherever necessary to conform to current year presentation.


Mar 31, 2012

Corporate information

Ridhi Synthetics Ltd. (CIN L51900MH1981PLC025265) (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956.

It's shares are listed on the BSE Limited in India. The company is presently engaged in activities of investments in shares and securities.

Basis of Preparation

The financial statements have been prepared under the historical cost convention, in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956 as adopted consistently by the company.

All income and expenditure having a material bearing on the financial statements are recognized on accrual basis.

(a) As the Company does not have distinguishable business segments, the requirement to give segment reporting as per Accounting Standard (AS 17) on Segment Reporting is not applicable

(b) Related Party Disclosures :

List of related parties

(a) Key Management Personnel - Shri J.K. Jain - Director

(b) Relatives of Key Mangement Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

Note : Related party relationship is as identified by the management. Previous year's figures are given in bracket.

(c) As per consent terms passed by the Court of Small Causes at Mumbai, the company has received arrears of rent of Rs. 1,00,37,382 from a tenant for the period 01-12-01 to 18-06-07. Against this income, only Rs. 14,389 was shown as outstanding and hence the balance amount is treated as current years income.

(d) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realization, in the ordinary course of business would at least be equal to the amount at which they are stated.

(e) Previous year's figures have been regrouped/reclassified wherever necessary to conform to current year presentation.

(b) The per value of Equity Share is Rs. 10.

(c) The terms / Rights attached to the Equity Shares :

The Company has only one class of Equity Shares. Each holder of equity shares is entitled to one vote per share. The Equity shareholders are entitled to dividend only if dividend in a particular financial year is recommended by the Board of Directors and approved by the members at the annual general meeting of that year. In the event of the liquidation of the Company, if the assets available for distribution are less than the paid up share capital, then the shortfall will be borne by the members proportionately. Where there is an excess, the same shall be distributed proportionately amongst the members.


Mar 31, 2010

1. Deferred tax liabilities are recognised in the financial statement in accordance with Accounting Standard 22 - "Accounting for Taxeson Income" issued by the Institute of Chartered Accountants of India. Deferred Tax liability of Rs. 11,17,840 as on the year end is in respect of timing difference in claim of depreciation net of deferred tax asset in respect of unabsorbed losses.

2. Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast be equal to the amount at which they are stated.

3. Previous years figures have been regrouped wherever necessary.

 
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