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Notes to Accounts of Sashwat Technocrats Ltd.

Mar 31, 2014

1. The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

2. In the opinion of the Board, any of the assets other than fixed assets and non-current investment have a value on realization in the ordinary course of business at least equal to the amount at which they are stated except those disclosed as doubtful.

3. The current liabilities includes the dues of sundry creditors amounting to Rs. Nil (Previous Year Rs. Nil) relating to Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company. The parties of Micro, Small and Medium Enterprises to whom, the company owe any sum (principal) outstanding for more than forty five days, are Nil. Further interest payable on the said outstanding is Nil.

4. The Additional information to as required by Para 5 of Schedule VI part II of Companies Act is disclosed to the extent applicable.

5. Figures of Current Assets, Unsecured Loans and Current Liabilities are stated at book value and are subject to confirmations from the parties.

6. Previous year figures have been regrouped/recast/reclassified wherever necessary, to conform to current year''s classification.


Mar 31, 2013

1. The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

2. In the opinion of the Board, any of the assets other than fixed assets and non-current investment have a value on realization in the ordinary course of business at least equal to the amount at which they are stated except those disclosed as doubtful.

3. The current liabilities includes the dues of sundry creditors amounting to Rs. Nil (Previous Year Rs. Nil) relating to Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company. The parties of Micro, Small and Medium Enterprises to whom, the company owe any sum (principal) outstanding for more than forty five days, are Nil. Further interest payable on the said outstanding is Nil.

4. The Additional information to as required by Para 5 of Schedule VI part II of Companies Act is disclosed to the extent applicable.

5. Figures of Current Assets, Unsecured Loans and Current Liabilities are stated at book value and are subject to confirmations from the parties.

6. Previous year figures have been regrouped/ recast/ reclassified wherever necessary, to conform to current year''s classification.


Mar 31, 2012

1. CONTINGENT LAIBILITIES:

a) Claims against the Company not acknowledge as debts: NIL

b) Contingent liabilities not provided for in the account: NIL (Previous Year: NIL)

2. The Company has disclosed all the required information pursuant to schedule VI of the companies Act, 1956. Other Information are Nil/Not Applicable.

3. Previous year's figures have been regrouped/recast to make them comparable with the current year.


Mar 31, 2011

1. EXPENDITURE:

a) Revenue expenditure accounted on accrual basis.

b) Liability towards Government authorities are accounted for on the basis of returns filed by the Company. Any additional liability that may arise at the time of assessment will be accounted for the year of finality of the assessment.

2. CONTINGENT LABILITIES:

a) Claims against the Company not acknowledge as debts: NIL

b) Contingent liabilities not provided for in the account: NIL (Previous Year: NIL)

3. OTHER NOTES:

a) Research & Development Expenses

There are no expenses under the head research and development expenses.

c) Previous years figures have been regrouped / recast to make them comparable with the current year.


Mar 31, 2010

1. EXPENDITURE:

a) Revenue expenditure accounted on accrual basis.

b) Liability towards Government authorities are accounted for on the basis of returns filed by the Company. Any additional liability that may arise at the time of assessment will be accounted for the year of finality of the assessment.

2 CONTINGENT LABILITIES:

a) Claims against the Company not acknowledge as debts: NIL

b) Contingent liabilities not provided for in the account: NIL (Previous Year: NIL)

3. OTHER NOTES:

a) Research & Development Expenses

There are no expenses under the head research and development expenses.

b) Previous years figures have been regrouped / recast to make them comparable with the current year.

 
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