Mar 31, 2014
1. Share Capital
(a) 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.
(b) Aggregate number of Shares alloted for
consideration other than cash Nil
Aggregate number of Shares alloted as Bonus Shares Nil
Share bought back Nil (during the period of five years immediately
preceeding the reporting date).
2 Other Notes
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.
(a) As the Company does not have distinquisable business segments, the
requirement to give segment reporting as per Accounting Standard (AS
17) on Segment Reporting issued by the Institute of Chartered
Accountants of India is not applicable.
(b) No related party transactions are identified by the management.
(c) On sale of long term investments, cost of investments sold are
credited to Investment account the Institute of Chartered Accountants
of India.
(d) Balance of debtors, creditors and other advances are subject to
confirmation. However, in the opinion of the Board, Current Assests,
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 wherever necessary.
Mar 31, 2013
Corporate information
Satyam Silk Mills Ltd. (U17110MH2004PTC030725) (the company) is a
public limited company domiciled in India and incorporated under the
provisions of the Companies Act, 1956. Its shares are listed on the
Bombay Stock Exchange Limited in India. The company is presently
engaged in non-operational 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.
(a) As the Company does not have distinquisable business segments, the
requirement to give segment reporting as per Accounting Standard (AS
17) on Segment Reporting issued by the Institute of Chartered
Accountants of India is not applicable.
(b) No related party transactions are identified by the management.
(c) Deferred Tax asset as stated hereunder has not been considered in
the books of accounts since the Company does not expect profits in the
near future.
(d) On sale of long term investments, cost of investments sold are
credited to Investment account instead of Weighted Average Cost as
recommended in Accounting Standard (AS 13) issued by the Institute of
Chartered Accountants of India.
(e) Balance of debtors, creditors and other advances are subject to
confirmation. However, in the opinion of the Board, Current Assests,
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.
(f) Previous year''s figures have been regrouped wherever necessary
Mar 31, 2012
Corporate information
Satyam Silk Mills Ltd. (U17110MH2004PTC030725) (the company) is a
public limited company ;
domiciled in India and incorporated under the provisions of the
Companies Act, 1956. Its shares are listed on the Bombay Stock Exchange
Limited in India. The company is presently engaged in j non-operational
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.
(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 issued by the Institute of Chartered
Accountants of India is not applicable.
(b) No related party transactions are identified by the management.
(c) Deferred Tax asset as stated hereunder has not been considered in
the books of accounts since the Company does not expect profits in
the near future.
(d) On sale of long term investments, cost of investments sold are
credited to Investment account instead of Weighted Average Cost as
recommended in Accounting Standard (AS 13) issued by the Institute of
Chartered Accountants of India.
(e) Balance of debtors, creditors and other advances are subject to
confirmation. However, in the opinion of the Board, Current Assists,
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. :
(f) Previous year's figures have been regrouped wherever necessary.
(b) The per value of Equity Share is 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. Related Party Disclosures :
Note : Related party relationship is as identified by the management.
2. Deferred Tax asset as on 31-03-10 is Rs. 36,546 on account of
unabsorbed losses. However, no deferred tax asset has been considered
in the books of accounts since the Company does not expect profits in
the near future.
3. On sale of long term investments, cost of investments sold are
credited to Investment account instead of Weighted Average Cost as
recommended in Accounting Standard (AS 13) issued by the Institute of
Chartered Accountants of India.
4. Balance of debtors, creditors and other advances are subject to
confirmation. However, in the opinion of the Board, Current Assests,
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.
5. Earning Per Share (EPS) as per Accounting Standard - 20
6. Previous years figures have been regrouped wherever necessary.