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Notes to Accounts of Sahyog Multibase Ltd.

Mar 31, 2015

1. Disclosures of related party transactions (as identified & certified by the management):

As per Accounting Standard 18 - 'Related Party Disclosures' issued by the Institute of Chartered Accountants of India, the names of the related parties are given below :

List of Related Parties with whom the Company has transacted during the year:- a)

Key management Personnel Mr. Sachin Dewan (Director) (Resigned)

Mr. Naresh Kumar singhal (Director) (Resigned)

Mr. Vikas Garg (Director)

Enterprises owned or significantly influenced by Good life Impex Private Limited (Common Director - Mr. Sachin

Key Management Personnel Dewan and Mr. Naresh Singhal)

Pride Buildtech Pvt Ltd ( Common Director - Vikas Garg)

Vikas Polymer land Pvt Ltd ( Common Director - Vikas Garg)

2. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated in accounts, if realized in ordinary course of business, unless otherwise stated. The provision of all known liabilities is adequate.

3. Historically, the company's investment in unquoted shares has been done with a view to hold them for long term and thereby earn capital gains, since dividend payout on such investments has generally been irregular. The aforesaid policy has been taken into.

4. As per information available with the Company there are no amounts payable or paid during the period which are required to be disclosed as per Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006.

5. As the number of employee is less than 10, and as such no employee benefits are payable under any statute or otherwise and as such the disclosure requirements under AS -15 (revised) is not applicable.

6. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/ disclosure

7. Figures in the bracket relate to previous year.

8. Figures have been rounded off to nearest rupee.


Mar 31, 2014

1.1 Equity Shares

The Company has only one class of equity shares having a face value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share held with a right to receive per share dividend declared by the Company. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after payment of all preferential amounts, in proportion to their shareholding.

1.2 During the current year and in the previous year, there has been no movement in the issued, subscribed and paid up share capital of the company.

1.3 Disclosures of related party transactions (as identified & certified by the management)-

As per Accounts Standard 18 - 'Related Party Disclosures' issued by the institute 5 Chartered Accountants of List of Related Parties with whom the Company has transacted during the year- Key management Personnel Mr. Sachin Dewan (Director)

Mr. Naresh Kumar singhal (Director)

2. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated ,n accounts, if realized in ordinary course of business, unless otherwise stated. The provision of all known liabilities is adequate.

3. Historically, the company's investment in unquoted shares has been done with a view to hold them for long term and thereby earn capital gains, since dividend payout on such investments has generally been irregular The aforesaid policy has been taken into.

As per information available with the Company there are no amounts payable or paid during the period which are required to be disclosed as per Section 22 of the Micro, Small and Medium Enterprises Development Act 2006

4. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure


Mar 31, 2012

1. The Company has no Sub-Standard, Doubtful or loss Assets, Therefore provision's required as per Regulation 7 and 8 of NBFC Prudential Norms (reserve Bank) Directions, 1998 are not applicable to the Company.

2. In our opinion the Board and to the best of their knowledge, the value of the current Assets, Loans & Advances in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet.

3.Segment reporting

In the opinion of the management, there is only one reportable business segment (Loan Financing) as Envisaged By AS 17 'Segment Reporting', prescribed by the Companies (Accounting Standards) Rules, 2006. Accordingly, no separate disclosure for segment reporting is required to be made in the financial statements of the Company

Secondary segmentation based on geography has not been presented as the Company operates primarily in India and the Company perceives that there is no significant difference in its risk and returns in operating from different geographic areas within India

4.Previous year figures have been re-grouped or re-arranged, wherever found necessary to make them Comparable with current year figures and are rounded off the nearest rupee.

 
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