Mar 31, 2014
1.CONTINGENT LIABILITIES
As on 31.03.2014 As on 31.03.2013
Claims against the company not
acknlowedge as debts
Income Tax matters Sales Tax Matters
Other court matters
Charge created on Assets by Jayshee 30,000,000.00 30,000,000.00
investment Private Limited-12.10.2011
Mar 31, 2013
1 Background
Company had been incorporated in 23.11.1990 and listed in National
Stock Exchange and Bombay Stock Exchange. Nature of business of company
is growing & harvesting of plant and trading of plant.
2 In absence of any intimation from the vendors with regard to their
registration under the micro, small and medium enterprises development
act. 2006 and in view of the terms of payments not exceeding 45 days,
no liability exists at the close of the year and hence no disclosures
have been made in this regard.
3 Previous year figures have been regrouped and rearranged wherever
necessary to make them comparable with that of the current year.
4 Contingent Liabilities:
a) Capital Contracts remaining to be executed. NIL NIL
b) Claims against the Company not acknowledged
as debts. NIL NIL
c) Other monies for which the Company is
contingently liable. NIL NIL
Mar 31, 2012
1. CONTIGENT LIABILITIES (in Rs.)
As at
31.03.2012 As at
31.03.2011
Capital Contracts
remaining to be Executed - -
Claims against the Company
not acknowledged as debts - -
Other monies for which the
Company is Contigentely liable - -
2. The Company has not dealt in the foreign currency in the current
year and previous year. The company has neither imported any material
nor exported any material. Further the company has not incurred any
expenditure in foreign currency.
3. During the year, company has charged depriciation on Plant &
Machinery from retospective effect i.e. depriciation for the period
April 1st, 1999 to March 31st, 2011 and current year for which, the
depriciation was not charged in earlier years. Depriciation has been
charged at the single shift SLM rate upto 95% of the total asset value.
4. RELATED PARTY DISCLOSURES
Key Management Personnel Shri Nitin Maheshwari Shri Madan Chandra Das
Shri Rishabh Bhutra
5. In the absense of taxable income during the year, no provision for
taxation has been made. The company has not recognised deferred tax
asset (net) as on 31st March 2012 in the absense of virtual certainity
of future taxable income.
6. The Company is engaged only in one business a nd therefore has only
one reportable segment.
7. No amount is outstanding to Micro, Small & Medium Enterprises based
upon information available with the company.
Mar 31, 2010
Current Year Previous Year
1. Contigent Liabilities
Capital Contract remaining
to be executed Nil Nil
Claims against the Company
not acknowledge Nil Nil
Other monies for which the
company is contigently liable Nil Nil
2. Value of Imports on CIF
basis in respect of
(a) Raw Material Nil Nil
(b) Stored & Spares Parts Nil Nil
(c) Capital Goods Nil Nil
(d) Trading goods Nil Nil
3. Expenses in foreign
currency on account of royalty,
knowhow, Nil Nil
professional consultation
fees, Interest and other matters:
Foreign travel Nil Nil
Exhibition and Trade Fairs
Expenses Nil Nil
Purchases Nil Nil
Other expenses, if any: Nil Nil
4. Earning in Foreign Exchange:
(a) Export of goods calculated on
FOB basis Nil Nil
(b) Commission Nil Nil
5. During the year no interest has been provided on secured loans from
the Central Bank of India, hence the amount of loan is unascertainable.
6. Depreciation on Plant & Machinery has not been charged for the
year, as the plant of the company is not in operation.
7. The Company has been suspended from trading in security with effect
from February 5, 2001 on account of non compliance of listing
agreement.
8. Regardign the Fixed deposit @7% of Rs. 93,63,810/- received from
Non Resident Indian shown under the unsecured Loan in the earlier
years, no provision of interest due on above deposits amounting to Rs.
91.05 Lacs (Previous year Rs. 84.50 Lacs) was made.
In the current year the management (on their written undertaking) has
written off this deposits Amount as unclaimed amount along with a
unsecured loan of Rs. 19,64,556/-
9. The Company is not operative and the future profit are not
ascertainable, hence the deffer tax/liability is not considered.
10. Segmenting Reporting
There is no business during the year hence no requirement to disclose
the segment revenue.
11. Amount, if any due to Small Scale Venders exceeding Rs. 1 Lacs
Schedule 1 to 10 form an internal part of the Balance Sheet and Profit
& Loss Account has been authenticated.
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