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Notes to Accounts of Satyam Silk Mills Ltd.

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.