Home  »  Company  »  Scandent Imaging  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Scandent Imaging Ltd.

Mar 31, 2016

1. Rights, preference and restrictions attached to each class of shares Equity Shares having a face value of Rs. 10/As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them. The Company has not declared any dividend during the year.

As to Repayment of capital: -

In the event of liquidation of the Company, the holders of equity shares are entitled to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion of the number of shares held by the shareholders.

As to Voting: -

The Company has only one class of shares referred to as equity shares having a face value of Rs. 10/-. Each holder of the equity share is entitled to one vote per share.

2. The Company operates in a single business segment viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosure as required by AS -18, is given below:

Gautam Deshpande

Sowmya Deshpande

Doctors Dental Services Limited

Relationships:

5. Key Management Personnel Gautam Deshpande Sowmya Deshpande

6. Company Under Same Management Doctors Dental Services Limited

Additional disclosure in accordance with Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 3°. 2015:

7. Revenue from operations are from new activities i.e., Dental Services. There are no revenue from old activities i.e, textile business.

8. The Company has received new Certificate of Incorporation from ROC for change of name from Count N Denier (India) Limited to Scandent Imaging Limited w.e.f from 17th March, 2015.

9. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

10. Deferred tax assets has not been recognized in view of uncertainty.

11. Figures of the previous year have been regrouped, reclassified and recanted wherever necessary to make them comparable with those of current year.


Mar 31, 2015

1. Rights, preference and restrictions atatched to each class of shares Equity Shares having a face value of '10/- As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them. The Company has not declared any dividend during the year.

As to Repayment of capital: -

In the event of liquidation of the Company, the holders of equity shares are entitled to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion of the number of shares held by the shareholders.

As to Voting: -

The Company has only one class of shares referred to as equity shares having a face value of '10/-. Each holder of the equity share is entitled to one vote per share.

2. The Company operates in a single business segment viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosure as required by AS -18, is given below:

Gautam Deshpande

Doctors Dental Services Limited

Relationships:

1 Key Management Personnel

Gautam Deshpande

2 Company Under Same Management

Doctors Dental Services Limited

5. Revenue from operations are from new activities i.e, Dental Services. There are no revenue from old activities i.e, textile business.

6. The Company has received show cause notice dated 3rd December 2013 from SEBI under Rule 4 of SEBI (Procedure for Holding Inquiry and imposing penalties by Adjudicating Officer) Rule 1995, read with Section 15I of the Securities and Exchange Board of India Act, 1992 for violation of take over regulation 1997 and 2011. The Company has filed consent applications on 13th February, 2014 without prejudice to its rights to defend the same. The Company has received consent order dated 05th November,2014 and paid Rs. 7.10 lacs as consent application fees paid to SEBI and the same is reflected under the head other expenses .

7. The Board of Directors of the Company has approved allotment of 2.91 Cr. equity shares of the Company on Preferential basis as per approval of the shareholders of the Company and the Company Law Board/High court. The Shareholders of the Company has passed the resolution for allotment of equity shares @ Rs. 1.50 for the face value of Rs. 10/- each. The Company has filed application for approval of the Company Law Board. Company Law Board dated 15th January 2014 dismissing our Petition under Section 79 of Companies Act 1956 for issue of equity shares at discount. The Company had filed appeal against the said order before Honoruable Bombay High Court. The Honoruable Bombay High Court has passed the order and allowed the Company to allot equity shares @ Rs. 1.50 for the face value of Rs. 10/- each and accordingly Company has alloted 2.91 Cr. equity shares.

8. The Company has received listing and trading approvals of 2,91,00,000 Equity Shares allotted on preferencial basis on 23rd December, 2014.

9. The Company has received new Certificate of Incoropration from ROC for change of name from Count N Denier (India) Limited to Scandent Imaging Limited w.e.f from 17th March, 2015.

10. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

11. Deferred tax assets has not been recognised in view of uncertainty.

12. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.


Mar 31, 2014

1. CURRENT TAX

The provision for Income Tax is made after taking into consideration, the benefits addressable under the provisions of the Income Tax Act, 1961 and the same is in the opinion of the Management adequate.

The Minimum Aleternate Tax (MAT) paid by the Company is entitled to be carried forward in subsequent years. In the opinion of management, on the bais of projections, estimates of future taxable income and extension of period of utilization of MAT credit as per the amendment made by the Finance Act (No. 2), 2009, the Company would have normal teax liability within the secified period to avail such MAT credit. Consequently, the Company has recognized the MAT credit entitlement.

2. The Company operates in a single business segments viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are Micro, Small and Medium Enterprise to whom the Company dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosures are required by AS-18, is given below:

Relationships:

1. Companies in which the directors are directors

Count N Denier Exim Pvt Ltd

2. Key Management Personnel

Gautam Despande

5. The Equity share of the Company are delisted from Ahmedabad Stock Exchange Limited w.ef. January 22, 2014.

6. The Company has received show cause notice dated 3rd December 2013 from SEBI under Rule 4 of SEBi (Procedure for Holding Inquiry and imposing penalties by Adjudicating Officer) Rule 1995, read with Section 15l of the Securities and Exchange Board of India Act, 1992 for violation of take over regulation 1997 and 2011. The Company has filed consent applications on 13th February, 2014 without Prejudice to its rights to defend the same. The Company has not received any further communication in this regard from SEBI till date.

7. During the year Authorized Shares Capital of the Company increased from Rs 3,50,00,000/- to Rs. 33,50,00,000/-. The expenses of Stamp Duty of Rs. 6,00,000/- and RDC fees of Rs. 15,00,000/- debited to the Profit and Loss Account under the head "RDC Expenses" as required by Accounting Standard-26.

8. The office of the Directors of the Company has approved allotment of 3 Cr. equity shares of the Company on Preferential basis subject to approval of the shareholders of the Company and the Company Law Board. The Shareholders of the Company has resolution for allotment of equity shares @ Rs. 1.50 for the face value of Rs. 10/- each. The Company has failed application for approval of the Company Law Board. Company Law Board dated 15th January 2014 dismissing our Petition under Section 79 of Companies Act 1956 for issue of equity shares at discount. The Company had filed appeal against the said order before Honourable Bombay High Count. The Company is awaiting the order from Honourable High Court of Bombay.

9. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not excess of the amount reasonably required.

10. Deffered tax assets has not been recognized in view of uncertainty.

11. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.


Mar 31, 2013

1. The Company has no Business during the year except Commsiion & Misc.Income shown as other Income. Therefore Segment reporting is not applicable.

2. Related Party Disclosure as required by AS -18, is given below: Relationships:

1 Companies in which directors are directors

Count N Denier Exim Pvt Ltd Count N Denier Yarns Pvt Ltd

2 Key Management Personnel

Anil Agrawal - Director

3. During the year under review an agreement for share purchase has been entered,details of the same is mentioned in Directors Report.

4. Board of Directors has paased the resolution for delisting of Equity Shares from Ahmedabad Stock Exchange Limited. The process of delisting is in progress.

5. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.


Mar 31, 2012

Not Available

Find IFSC