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Notes to Accounts of Sellwin Traders Ltd.

Mar 31, 2014

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Sundry debtors are subject to confirmation by the respective parties.

3 Segment Report :

The Company is engaged in the business of Consultancy Activities and there are no separate reportable segments as per Accounting Standard 17.

4 Related Party Disclosure :

As per accounting standard 18 the information for related parties is given below:

KEY MANAGEMENT PERSONNEL ( KMP)

1. Kailash Chandra Sharma

2. Navin Chandra Sharma

3. Nirmala Devi Sharma

5 Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recognised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainty of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recognised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6 The Company has Complied this information based on the current information in its possession. As at 31.03.2014, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro, Small and Medium Enterprises Development Act, 2006 amount due to Micro Small and Medium Enterprises as on 31.03.2014 RS NIL ( PY RS NIL )

7 No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9 Earning in foreign Currency Nil Nil

10 Expenditure in foreign Currency Nil Nil

11 Previous Year figures have been regrouped, rearranged or re-casted wherever considered necessary.


Mar 31, 2013

1. Based on the information / documents available with the Company, no creditor is covered under Micro, Smalland Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2. Sundry debtors are subject to confirmation by the respective parties

3. Segment Report :

The Company is engaged in the business of Investing Activities and there are no separate reportable segments as per Accounting Standard 17.

4. Related Party Disclosure :

As per accounting statndard 18 the information for related parties is given below:

KEY MANAGEMENT PERSONNEL ( KMP )

1. Kailash Chandra Sharma

2. Navin Chandra Sharma

3. Nirmala Devi Sharma

5. Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recogonised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainity of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recogonised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6. The Company has Complied this information based on the current information in its possession As at 31.03.2013 , No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act , 2006. Amount due to Micro Small and Medium Enterises as on 31.03.2013 RS NIL ( PY Rs. NIL

7. No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8. No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9. Earning in foreign Currency Nil Nil

10. Expenditure in foreign Currency Nil Nil

11. Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

B. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote per share.

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

As per the records of the Company, including its Register of Members and other declarations received from the shareholders regarding beneficial interest, the above shareholders represents legal ownership of shares.


Mar 31, 2012

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/ payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Loans, advances and sundry debtors and sundry creditors balances are subject to confirmation by the respective parties

3 Segment Report :

The Company is engaged in the business of Investing Activities and there are no separate reportable segments as per Accounting Standard 17.

4 Related Party Disclosure :

As the Company has not paid anything to the Related Parties as required as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, there is no need of any disclosure.

5 Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recogonised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainity of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recogonised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6 The Company has Complied this information based on the current information in its possession . As at 31.03.2012 , No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act , 2006

Amount due to Micro Small and Medium Enterises as on 31.03.2012 RS NIL ( PY RS NIL)

7 No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9 Earning in foreign Currency Nil Nil

10 Expenditure in foreign Currency Nil Nil

11 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

12 Till 31St March, 2011 the Company was using pre revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended 31St March, 2012 the Revised Schedule VI notified under the Companies Act, 1956 has become applicable to the company. The Company has re classified previous year figures as well as those in the bracket to confirm to this year''s classification as per revised Schedule VI. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However its significantly impacts presentation and disclosure made in the financial statements, particularly presentation of Balance Sheet.

B TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote per share

In the event of liquidation of the company , the holder of equity shares will be entitled to receive re- maining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders


Mar 31, 2011

01. The Company has Complied this information based on the current information in its possession. As at 31.03.2010, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act, 2006 Amount due to Micro Small and Medium Enterprise as on 31.03.2011 Rs. NIL (PY Rs. NIL)

02. No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act.

03 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

04 Earning in foreign Currency NIL NIL

05 Expenditure in foreign Currency NIL NIL

06 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

 
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