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Notes to Accounts of Saumya Consultants Ltd.

Mar 31, 2015

1. Terms/rights attached to equity shares.

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend proposed by the Board of Directors is subject to the approval of the shareholders except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount in proportion of their shareholding.

NOTE -2

As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this account.

NOTE -3

Previous year figures have been reclassified/regrouped/rearranged wherever necessary to conform to this year classification.

NOTE - 4

SEGMENT REPORTING

The Company is mainly engaged in the business of finance & Investments and operates in single geographical segment Viz. India, and as such there is no separate reportable segment.

NOTE - 5

IMPAIRMENT OF ASSETS

Pusuant to Accounting Standard 28-Impairment of Assets issued by Institute of Chartered Accountant of India,the company assessed its fixed assets for impairment as at 31st march, 2012 and concluded that there has been no significant impaired fixed assets that needs to be recognised in the books of accounts.

NOTE - 6

RELATED PARTY DISCLOSURE

As per Accounting Standard - 18, the disclosures of transactions with the related parties are given below: I) List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Relationship Name of the Related Party

a) Key Manegerial Personal & relatives Mr. Arun Kumar Agarwalla

Mr. Gaurang Agarwalla

Ms. Sanchi Khetawat

b) Other Related Parties M/s Singhal Towers Pvt Ltd


Mar 31, 2014

NOTE - 1

As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this account.

NOTE - 2

Previous year figures have been reclassified/regrouped/rearranged wherever necessary to conform to this year classification.

NOTE - 3

SEGMENT REPORTING

The Company is mainly engaged in the business of finance & Investments and operates in single geographical segment Viz. India, and as such there is no separate reportable segment.

NOTE - 4

RELATED PARTY DISCLOSURE

As per Accounting Standard - 18, the disclosures of transactions with the related parties are given below:

i) List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Relationship Name of the Related Party

a) Key Manegerial Personal Mr. Arun Kumar Agarwalla

Mr. Gaurand Agarwal

d) Other Related Parties M/s Singhal Towers Pvt Ltd

ii) Transaction during the year with related parties:

Nature of Transactions (Amount in Lac)

Nature of Other Related Key Managerial Nature of Transactions Parties Person Total

Directors Remuneration - 33.06 33.06

- (24.08) (24.08)

Rent & Maintenance Charge Paid 1.80 - 1.80

(1.20) - (1.20)

NOTE - 5

IMPAIRMENT OF ASSETS

Pusuant to Accounting Standard 28-Impairment of Assets issued by Institute of Chartered Accountant of India,the company assessed its fixed assets for impairment as at 31st march, 2012 and concluded that there has been no significant impaired fixed assets that needs to be recognised in the books of accounts.


Mar 31, 2013

NOTE - 1

As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this account.

NOTE - 2

Previous year figures have been reclassified/regrouped/rearranged wherever necessary to conform to this year classification.

NOTE - 3

RELATED PARTY DISCLOSURE

As per Accounting Standard - 18, the disclosures of transactions with the related parties are given below: i)List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Relationship Name of the Related Party

a) Key Manegerial Personal Mr. Arun Kumar Agarwalla

d) Other Related Parties M/s Singhal Towers Pvt Ltd

NOTE - 4

SEGMENT REPORTING

The Company is mainly engaged in the business of finance & Investments and operates in single geographical segment Viz. India, and as such there is no separate reportable segment.

NOTE - 5

IMPAIRMENT OF ASSETS

Pusuant to Accounting Standard 28-Impairment of Assets issued by Institute of Chartered Accountant of India,the company assessed its fixed assets for impairment as at 31st march, 2012 and concluded that there has been no significant impaired fixed assets that needs to be recognised in the books of accounts.


Mar 31, 2012

NOTE - 1

As per information available with the Company, there are no suppliers covered under Micro, Small & Medium Enterprises Development Act,2006. As a result, no interest provision/payment have been made by the Company to such creditors, if any, and no disclosure thereof is made in this account.

NOTE - 2

The financial statements for the year ended 31st March, 2011 had been prepared as per the then applicable, pre- revised Schedule VI to the companies Act, 1956. Consequent to the notification under the Companies Act, 1956 the financial statements for the year ended 31st March 2012 are prepared under revised schedule VI. Accordingly the previous year figures have also been reclassified to conform to this year classification.

NOTE - 3

RELATED PARTY DISCLOSURE

As per Accounting Standard - 18, the disclosures of transactions with the related parties are given below:

i) List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Relationship Name of the Related Party

a) Key Manegerial Personal Mr. Arun Kumar Agarwalla

d) Other Related Parties M/s Singhal Towers Pvt Ltd

ii) Transaction during the year with related parties:

(Amount in Lac)

Nature of Associates Other Related Key Managerial Nature of Transactions Parties Person Total

Directors Remuneration - - 19.53 19.53

- - (15.07) (15.07)

Rent & Maintenance Charge Paid 1.20 - - 1.20

(0.90) - - (0.90)

NOTE - 4

SEGMENT REPORTING

The Company is mainly engaged in the business of finance & Investments and operates in single geographical segment Viz. India, and as such there is no separate reportable segment.

NOTE - 5

IMPAIRMENT OF ASSETS

Pursuant to Accounting Standard 28-Impairment of Assets issued by Institute of Chartered Accountant of India,the company assessed its fixed assets for impairment as at 31st march, 2012 and concluded that there has been no significant impaired fixed assets that needs to be recognised in the books of accounts.

 
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