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Notes to Accounts of Shree Rang Mark Travels Ltd.

Mar 31, 2014

Current Year Previous Year (Rs.) (Rs.)

1. Contingent Liabilities provide NIL 13,10,000/-

2. In the opinion of the directors,

a) The current assets, loans and advance are approximately of the value stated, if realized in the ordinary course of the business.

b) The provisions of all the known liabilities are adequate and not in excess of the amount reasonably necessary.

3. Depreciation

Fixed assets are valued at cost less depreciation. Depreciation has been provided on the WDV method on the prorate basis as per the rates prescribed in Schedule XIV of the Companies Act, 1956.

4. Deferred Revenue Expenditure amounting to Rs. 12, 95,OOO/- have been incurred during the year under review. The Management has taken an unanimous decision not to apportion such Deferred Revenue Expenditure over the next four years. This will apply to the value of Deferred Revenue Expenditure Balance Sheet as on 31/O3/2O14. The entire Deferred Revenue Expenditure has been reflected under "Other Non- Current Assets" since there is no program to apportion the same in the next financial year.

5. Previous year''s figures have been regrouped and rearranged wherever necessary to make them comparable with the current year''s figures.

6. The change of registered office has taken place during the year under audit, post consent of the RD Gujrat.


Mar 31, 2013

1. Depreciation

Fixed assets are valued at cost less depreciation. Depreciation has been provided on the WDV method on prorata basis as per the rates prescribed in Schedule XIV of the Companies Act, 1956.

2. Deferred revenue expenditure amounting to Rs. 1,29,500/- have been incurred this year. 20% of such expenditure has been amortised in the current year and has been charged to Profit & Loss Account. 20% of the balncing figure amounting to Rs. 20,720 /- will amortise in the next financial year and thus has been shown as "other current assets" and the balance of Rs. 82,880 /- has been shown as "other non-current assets" since it won''t amortise in the next financial year.

3. Previous year''s figures have been regrouped and rearranged wherever necessary to make them comparable with the current year''s figures.

4. The change of registered office has not taken place during the year under audit. The matter is pending with the RD Gujarat till the date of audit.


Mar 31, 2012

Current Year Previous Year

1) Contingent liabilities not provided for NIL NIL

2) In the opinion of the Directors:

a) The current assets, Loans and advances are approximately of the value stated, if realized in the ordinary course of business.

b) The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

I. Deferred Tax

The company has not created deferred tax assets in respect of brought forward losses on prudence basis in accordance with Accounting Standard-22 Accounting for taxes on Income as no certainty in respect of future profitability of the company.

II. Depreciation.

The company does not have any fixed assets during the year under audit.

Additional information required under Para 3, 4-C and 4-D in part II of schedule VI of the Companies Act, i9i6. (As certified by the managing Director and upon by the Auditors) is NIL.

Previous years figures have been regrouped and rearranged wherever considered necessary to make tnem comparable with the current year figures.


Mar 31, 2009

1. Details of Traded Goods : Not Applicable

2. Additional information required under Schedule VI to the Companies Act, 1956 ( As certified by the Director)

3. Additional information required under Para 4 (c), 4 (d) to Schedule VI of the Companies Act, 1956 being not Applicable, Not given Schedules A to T form an integral part of the account.

As per owe Audit report attached of even date.

 
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