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

Notes to Accounts of Scanpoint Geomatics Ltd.

Mar 31, 2015

1. Terms and rights attached to equity shares

2. The company has only one class of equity shares having the par value of Rs 2/-per share Each holder of equity share is entitied to one vote per share.

3. Details of Dues to Micro and Small Enterprises as defined under the Micro. Small and Medium Enterprises Development Act. 2006

In the absence of information available with the Company about enterprises which are qualifying under the definition of Medium and Small Enterprises as defined under Micro Small & Medium Enterprises Development Act, 2006, no disclosure is made as required undertheAct.

4. Provisions, Contingent Liabilities and Contingent Assets.

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will bean outflow of resources. Contingent Liabilities are not recognised but are disclosed in the Notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

5. Balance of Sundry Debtors, Loans and Advances recoverable in cash or kind, Deposits and Sundry Creditors are subject to confirmations, reconciliation and adjustments if any.

6. Following are the related parties and transactions made with them during the year.

A. Name and Relationship of the Related parties.

1. Associated Company/Enterprise/Firms : Karnavati Infrastructures Projects Ltd. Scan Press Ltd.

2. Key Management Personnel along with their relatives have significant influence.

a. Key Management personnel. : Shri Ramesh K. Sojitra,

Shri Chirag J. Soni,

Shri Kanti V. Ladani

Shri Rajendra Chaudhari

7. PREVIOUS YEAR FIGURES

The figures in respect of previous year have been regrouped/rearranged wherever necessary to confirm to this year's classification.


Mar 31, 2014

Terms and rights attached to equity shares

I) The company has only one class of equity shares having the par value of Rs 2/- per share Each holder of equity share is entitied to one vote pershare.

1. Details of Dues to Micro and Small Enterprises as defined under the Micro. Small and Medium Enterprises Development Act. 2006

In the absence of information available with the Company about enterprises which are qualifying under the definition of Medium and Small Enterprises as defined under Micro Small & Medium Enterprises Development Act, 2006, no disclosure is made as required under the Act.

2. Provisions, Contingent Liabilities and Contingent Assets.

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognised but are disclosed in the Notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

3 Balance of Sundry Debtors, Loans and Advances recoverable in cash or kind, Deposits and Sundry Creditors are subject to confirmations, reconciliation and adjustments if any.

4 PREVIOUS YEAR FIGURES

The Figures in respect of previous year have been regrouped/rearranged wherever necesary to confirm to this year''s classification


Mar 31, 2013

1. Details of Dues to Micro and Small Enterprises as defined under the Micro. Small and Medium Enterprises Development Act. 2006

In the absence of information available with the Company about enterprises which are qualifying under the definition of Medium and Small Enterprises as defined under Micro Small & Medium Enterprises Development Act, 2006, no disclosure is made as required under the Act.

2. Provisions, Contingent Liabilities and Contingent Assets.

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognised but are disclosed in the Notes. Contingent Assets are neither recognised nordisclosed in the financial statements.

3 Balance of Sundry Debtors, Loans and Advances recoverable in cash or kind, Deposits and Sundry Creditors are subject to confirmations, reconciliation and adjustments if any.

4 Following are the related parties and transactions made with them during the year.


Mar 31, 2012

Terms and rights attached to equity shares

1) The company has only one class of equity shares having the par value of Rs 21- pershare Each holder of equity share is entitied to one vote pershare.

2) During last year 2010-11 the company has allotted new 15000000 equity shares of Rs. 2/-each out of which 5380800 Equity shares were allotted with lock in period of 3 Years and balance 9619200 equity shares were allotted with lock in period of 1 year effective from the date of allotment i.e. 21/6/2010.

1 Segmental Reporting

Primary Segment Reporting (by business segment)

(i) The Company has identified Business Segment as the Primary Segment. Segments have been identified taking into accounts the nature of the products, differing risks and return organizational structure and internal reporting system.

(ii) Composition of the business segment:

Name of the Segments Companies of:

a) Information Technology & GIS Work

b) Digital Print Work

Previous year figures have been regrouped/rearrange wherever necessary to confirm this year classification.

Segment Revenue Segment Results, Segments Assets and Segment Liabilities including the respective amounts identifiable to each of the Segments also amounts allocated on a reasonable (estimated) basis, if any.

2. IMPORTED AND INDIGENOUS RAW MATERIALS, COMPONENTS AND SPARE PARTS CONSUMED

3. Details of Dues to Micro and Small Enterprises as defined under the Micro. Small and Medium Enterprises Development Act. 2006

The Company is in process of compiling information in respect of status of supplier falling under the category of micro, small and medium enterprise in absence of necessary date, outstanding amounts as well as overdue amount if any of the year end together with interest paid/payable has not been given.

4. Provisions, Contingent Liabilities and Contingent Assets.

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and is probable that there will be an outflow of resources Contingent Liabilities are not recognised but are disclosed in the Notes. Contingent Assets are neither recognised not disclosed in the financial statements.

Contingent Liabilities

Corporate Bank Guarantee of Rs. 13.00 Crores issued by the company for loan taken by Shreejikrupa Buildcon Ltd. from the Bank the Company has given Corporate Bank guarantee to State Bank of india Rajkot of Rs. 13.00 crores for loan taken by Shreeji krupa Builcon Ltd. The above bank guarantee is secured by way of first charge on immovable property in the nature of land and Building situated at Ahmedabad of the Company

5 Balance of sundry Debtors, Loans and Advances Recoverable in cash of kind Deposits and Sundry Creditiors are subject to confirmations, reconciliation and adjustments if any.

6 PREVIOUS YEAR FIGURES

During the year ended 31 March 2012 the Revised Schedule VI notified under the Companies Act, 1956 has become applicable to the Company.

The Figures in respect of previous year have been regrouped/rearranged wherever necesary to confirm to this year's classification

In terms of our report of even date attached


Mar 31, 2011

1. Contingent Liabilities not provided for:

Corporate Bank Guarantee of Rs. 13.00 Crores given to Bank for loan taken by Shreejikrupa Buildcon Ltd.

2. Balance of Sundry Debtors, Loans and Advances recoverable in cash or kind, Deposits and Sundry Creditors are subject to confirmations, reconciliation and adjustments if any.

3. Loans and advances include Rs. 34,00,000/- (Previous Year 34,00,000/-) considered as doubtful for which no provision has been made, as the Management is confident of its recovery owing to sincere efforts being made.

4. In view of current and past year accumulated losses, and company being registered with BIFR, the provision for Taxation for the current year and provision for deferred tax liability and deferred tax assets has not been assessed and provided during the year. The company has not recognized deferred tax in accordance with the requirements of Accounting Standard -22 Accounting for Taxes on Income, issued by The Institute of Chartered Accountants of India.

5. In the opinion of the Board, the Current Assets, Loans and advances have a value on realisation in the ordinary course of business, at least equal to the amount at which they are stated in the accounts unless otherwise stated and adequate provision for all known liabilities of the Company has been made.

6. Security for Loans :- The Company has given Corporate Bank guarantee to State Bank of India, Rajkot, of Rs. 13.00 crores, for loan taken by Shreejikrupa Buildcon Ltd. The above bank guarantee is secured by way of First Charge on immovable property in the nature of Land and Building situated at Ahmedabad of the Company.

7. The Company is in process of compiling information in respect of status of supplier falling under the category of micro, small and medium enterprise. In absence of necessary data, outstanding amounts as well as overdue amount if any of the year end together with interest paid/payable has not been given.

8. Segmental Reporting:

Primary Segment Reporting (by business segment)

(i) The company has identified Business Segment as the Primary Segment. Segments have been identified taking into accounts the nature of the products, differing risks and return organizational structure and internal reporting system.

(ii) Composition of the business segment:

Name of the Segments Companies of:

a) Information Technology &GIS Work

b) Pre-Press Work

13. Following are the related parties and transactions made with them during the year.

A. Name and Relationship of the Related parties.

1. Associated Company. Kamavati Infrastructure Projects Limited.

2. Key Management Personnel along with their relatives have significant influence.

a. Key Management personnel. Shri Rameshchandra K. Sojitra.

Shri Chirag J. Soni

Shri Kanti V. Ladani

9. The figures in respect of previous year have been regrouped/rearranged wherever necessary to confirm to this year's classification.


Mar 31, 2010

1. Contingent Liabilities not provided for:

Corporate Bank Guarantee of Rs. 13.00 Crores given to Bank for loan taken by Shreejikrupa Buildcon Ltd.

2. Balance of Sundry Debtors, Loans and Advances recoverable in cash or kind, Deposits and Sundry Creditors are subject to confirmations, reconciliation and adjustments if any.

3. Loans and advances include Rs. 34,00,000/- (Previous Year 54,00,000/-) considered as doubtful for which no provision has been made, as the Management is confident of its recovery owing to sincere efforts being made.

4. In view of current and past year accumulated losses, and company being registered with BIFR, the provision for Taxation for the current year and provision for deferred tax liability and deferced tax assets has not been assessed and provided during the year. The company has not recognized deferred tax in accordance with the requirements of Accounting Standard -22 Accounting for Taxes on Income, issued by The Institute of Chartered Accountants of India.

5. In the opinion of the Board, the Current Assets, Loans and advances have a value on realisation in the ordinary course of business, at least equal to the amount at which they are stated in the accounts unless otherwise stated and adequate provision for all known liabilities of the Company has been made.

6. Security for Loans :- The Company has given Corporate Bank guarantee to State Bank of India, Rajkot, of Rs. 13.00 crores, for loan taken by Shreejikrupa Buildcon Ltd. The above bank guarantee is secured by way of First Charge on immovable property in the nature of Land and Building situated at Ahmedabad of the Company.

7. The Company is in process of compiling information in respect of status of supplier falling under the category of micro, small and medium enterprise. In absence of necessary data, outstanding amounts as well as overdue amount if any of the year end together with interest paid/payable has not been given.

8. Segmental Reporting:

Primary Segment Reporting (by business segment)

(i) The company has identified Business Segment as the Primary Segment. Segments have been identified taking into accounts the nature of the products, differing risks and return organizational structure and internal reporting system.

(ii) Composition of the business segment:

Name of the Segments Companies of:

a) Information Technology &GIS Work .

b) Pre-PressWork

9. A) During the period, the Board for Industrial Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme ("Sanctioned scheme") granting various reliefs and concessions to the for its revival and for making its net-worth positive by its order dated 24/02/2010. B) In terms of the said sanctioned scheme and as decided by the board of Directors at its meeting dated held on 22/03/2010, the company has

I) Availed the following reliefs and concessions through "Capital Restructuring Account". i) Reduction of 80% in existing paid up Equity share capital of Rs. 11,90,40,000/- effected by reducing the face value to Rs.2/- per share from Rs. 10/- per share.

a) Adjustment of Land revaluation reserve and capital reserve

b) The balance, in the said "Capital Restructuring Account" as on 31st march, 2010 computed as below is credited to profit and loss account:

10. The figures in respect of previous year have been regrouped/rearranged wherever necessary to confirm to this years classification.