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Notes to Accounts of Shree Salasar Investment Ltd.

Mar 31, 2012

1. In the opinion of Board, the Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate; there are no contingent liabilities other than those stated notes.

2. The Company has mainly activity of dealing in Shares/ properties. Hence income from them and Assets & Liabilities are considered only one segment. Therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

3. In view of applicability of AS - 22, the company has Deferred tax liability of Rs.1859. deffered tax liability is due to timing difference in relation to depreciation . Current year 1859 last year NIL.

4. Pursuant to requirement of AS - 18 issued by ICAI the details of transactions carried out during the year with the related parties are disclosed as under:

5. Retirement benefits are not provided for as the same is treated on cash basis. Amount is unascertained.

6. Additional information to be given pursuant to para 3 & 4 of the Part II of schedule VI of the Companies Act, 1956 are nor applicable.

7. Figures of the previous year have been rearranged and/or regrouped wherever necessary to confirm with current year's presentation.


Mar 31, 2011

1. In the opinion of Board, the Current Assets. Loans and Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate, there are no contingent liabilities other than those stated notes.

2. The Company has mainly investing activity of Shares/ properties. Hence income from them and Assets & Liabilities are considered only one segment. Therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICA1 is not required.

3. In view of applicability of AS - 22, company does not have Deferred tax liability in view of carried forward losses. In the opinion of the management Deferred tax Asset is not recognized in view of uncertainty of future taxable profits.

4. Pursuant to requirement of AS - 18 issued by ICAI the details of transactions carried out during the year with the related parties are disclosed as under:

5. Additional information to be given pursuant to para 3 & 4 of the Part II of schedule VI of the Companies Act, 1956 are nor applicable.

6. Figures of the previous year have been rearranged and/or regrouped wherever necessary to confirm with current year's presentation.

7. Paise have been rounded off to nearest rupee.


Mar 31, 2010

1. In the opinion of Board, the Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate, there are no contingent liabilities other than those stated notes.

2. The Company has mainly investing activity of Shares/ properties. Hence income from them and Assets & Liabilities are considered only one segment. Therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

3. In view of applicability of AS - 22, company does not have Deferred tax liability in view of carried forward losses. In the opinion of the management Deferred tax Asset is not recognized in view of uncertainty of future taxable profits.

4. Additional information to be given pursuant to para 3 & 4 of the Part II of schedule VI of the Companies Act, 1956 are nor applicable.

5. Figures of the previous year have been rearranged and/or regrouped wherever necessary to confirm with current years presentation.

6. Paise have been rounded off to nearest rupee.


Mar 31, 2009

1. In the opinion of Board, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provisions for all known liabilities are adequate, there are no contingent liabilities other than those stated notes.

2. Building represents cost of residential flat and includes Rs.250/~ being cost of five shares in the Co-operative Society.

3. a) In respect of Investments made 36,200 shares of M/s. Mansinghka Oil Products Limited and 18,300 shares of M/s. Shree Dhanop Finance & Consultancy Limited are held by company in its own name, 5,200 shares of Shree Dhanop Finance & Consultancy Limited have yet to be transferred in the companys name. The remaining share certificates of other companies have been taken into custody by the income-tax authorities. A receipt to this effect is held on record by the company.

b) No provision for diminution in market value of investments of Rsl25494l7- has been made during the year.

4. Contingent liability in respect of demand by Income-tax authorities not accepted and appealed against by the company.

Asst. Year Rupees

1982-83 3,21,426

1983-84 79,303

1984 85 23,967

1985-86 54,672

5. The Company has mainly investing activity of Shares/ properties. Hence income from them and Assets & Liabilities are considered only one segment. Therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

6. In view of applicability of AS - 22, company does not have Deferred tax liability in view of carried forward losses. In the opinion of the management Deferred tax Asset is not recognized in view of uncertainty of future taxable profits.

7. Additional information to be given pursuant to para 3 & 4 of the Part II of schedule VI of the Companies Act, 1956 are nor applicable.

8. Figures of the previous year have been rearranged and/or regrouped wherever necessary to confirm with current years presentation.

9. Paise have been rounded off to nearest rupee.


Mar 31, 2008

1 In the opinion of Board, the Current Assets, Loans and Advances arc approximately of the value stated if realized in the ordinary course of business The provisions for all known liabilities are adequate, there are no contingent liabilities other than those stated notes

2 Building represents cost of residential Hat and includes Rs 250/- being cost of five shares in the Co-operative Society

a) In respect of Investments made 36.200 shares of M/s. Mansinghka Oil Products Limited and 18,300 shares of M/s Shock Dhanop Finance & Consultancy Limited arc held by company in its own name. 5.200 shares of Shrcc Dhanop Finance & Consultancy Limited have yet to be transferred in the company ''s name The remaining share certificates of other Companies have been taken into custody by the income-tax authorities. A receipt to in is effect is held on record by the company

b) No provision for diminution in market value of investments of Rs 1254041/- has been made during the year

3 Contingent liability hi respect of demand by Income-tax authorities not accepted and appealed against by the company

ASSI- Year Rupees

1982-83 3.21.426

19X3-84 79.303

1984-85 23,967

1085-86 54.673

4. The Company has mainly investing activity of Shares/ properties. Hence income from them and Assets Liabilities arc considered only one segment therefore. Disclosure of segment repotting pursuant to AS - 17 issued by the ICA1 its not required

5 In view of applicability of AS 22. company does not have Deferred tax liability in view of corned forward losses In the opinion of the management Deferred tax Asset is not recognized in view of uncertainty of future taxable profits.

6 Pursuant to requirement of AS 18 issued by ICAL the details of transactions earned out dinner the year with the related parties are disclosed as under

7. Additional Information to be given pursuant to Para t & of the Part II of schedule VI of the Companies Act. 1956 are not applicable

8 ligules of the previous year have been rearranged and/or regrouped wherever necessary to confirm with current year''s presentation

9 Paisa have been rounded off to nearest rupee

10 Balance Sheet abstract and Company''s general business profile

 
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