Mar 31, 2015
1. Company Overview
Shukra Jewellery Limited is engaged in the manufacturing of diamond
studded gold jewellery and trading of cut, polished diamond, Real
estate and Construction work. It was incorporated on 13th December,
1991 as a public limited company and came out with a public issue on
February 15, 1993. Earlier known as Shukra Diamond Exports Limited, it
acquired its present name with effect from 10th January, 1997. The
factory premises are located at Union Territory of Daman. Polished
diamonds and gold Jewellery are sold in the domestic as well as the
export markets.
From the current year company has started development of Residential
Flat Scheme called "Shanti Shukra & Shubh Shukra ". The site of which
is located at Narol & Visnagar respectively..
The registered office is located at 3rd Floor, Panchdhara Complex,
Beside Grand Bhagwati, S.G. Highway, Ahmedabad-380054 (Gujarat). The
corporate office of the company is situated at 232, Pancharatna, Opera
House, Mumbai-400004.
2. The company has only one class of shares referred to as equity shares
having a par value of Rs. 10/- each. Each holder of equity shares is
entitled to one vote per share.
Board of Directors of the company has not proposed any dividend for the
current reporting period.
3. Names of related parties and description of relationship:
a. Key Management Personnel and their relatives:
Chandrakant H Shah - Key Management Personnel
Mauyri C Shah - Key Management Personnel
Ramji Khimji Rajput - Key Management Personnel
Saurabh C Shah - Key Management Personnel
Anil M Patel - Key Management Personnel
Kejal Gaurav Shah - Relative of KMP
Gaurav Shah - C.F.O
b. Enterprises over which Key Management Personnel has significant
influence
Shukra Bullions Limited
Shukra Land Developers limited
4. Impairment Loss:
The management has not assessed the impairment loss on the assets of
the company.
Mar 31, 2014
Company Overview
Shukra Jewellery Limited is engaged in the manufacturing of diamond
studded gold jewellery and trading of cut and polished diamond. It was
incorporated on 13th December, 1991 as a public limited company and came
out with a public issue on February 15, 1993. Earlier known as Shukra
Diamond Exports Limited, it acquired its present name with effect from
10th January 1997. The factory premises are located at Union Territory
of Daman. Polished diamonds and gold Jewellery are sold in the domestic
as well as the export markets.
From the current year company has started development of Residential
Bunglow Scheme called "Shree Shukra Bunglows". The site of which is
located at Dholwani Three Way Road, Tal : Biloda District: Sabarkantha.
The registered office is located at 12, Zodiac Square, Opp. Gurudwara,
S. G. Highway, Bodakdev, Ahmedabad (Gujarat] 380054. The corporate
office of the company is situated at 232, Pancharatna, Opera House,
Mumbai-400004.
1.1 Related Party Disclosures: Names of related parties and
description of relationship:
1. Key Management Personnel and their relatives: Chandrakant H Shah -
Key Management Personnel Mauyri C Shah - Key Management Personnel Ramji
Khimji Rajput - Key Management Personnel
Gaurav Shah - Relative of Key Management Personnel
2. Enterprises over which Key Management Personnel has significant
influence Shukra Bullions Limited
Shukra Land Developers limited
2.3 Contingent LiabilityAsset:
A demand ofRs. 19,53,465/- has been raised by the Income Tax Authorities
for the Assessment Year 2007-08, which the company has not acknowledged
as debt. This matter of dispute is pending before the Income Tax
Appellate Tribunal (ITAT Appeals]. The management believes that
ultimate outcome of this proceeding will not have a material adverse
effect on the Company''s financial position and results of operation.
Based on the decisions of the Appellate Authorities and the other
relevant provisions, the Company has been legally advised that the
demand is likely to be either deleted or substantially reduced and
accordingly no provision has been made.
Mar 31, 2013
Company Overview
Shukra Jewellery Limited is engaged in the manufacturing of diamond
studded gold jewellery and trading of cut and polished diamond. It was
incorporated on 13th December, 1991 as a public limited company and
came out with a public issue on February 15,1993. Earlier known as
Shukra Diamond Exports Limited, it acquired its present name with
effect from 10th Janu- ary, 1997. The factory premises are located at
Union Territory of Daman. Polished diamonds and gold Jewellery are sold
in the domestic as well as the export markets.
The registered office is located at Chirag Industrial Complex, 39/40,
Golden Industrial Estate, Somnath Road, Daman & Diu (UT)-396210.The
corporate office of the company is situated at 232, Pancharatna, Opera
House, Mumbai-400004.
1.1 Contingent LiabilityAsset:
A demand of f 19,53,465/- has been raised by the Income Tax Authorities
for the Assessment Year 2007-08, which the company has not acknowledged
as debt. This matter of dispute is pending before the Commissioner of
Income Tax (Appeals). The management believes that ultimate outcome of
this proceeding will not have a material adverse effect on the
Company''s financial position and results of operation. Based on the
decisions of the Appellate Authorities and the other relevant
provisions, the Company has been legally advised that the demand is
likely to be either deleted or substantially reduced and accordingly no
provision has been made.
1.2 Impairment Lota:
The management has not assessed the impairment loss on the assets of
the company.
Mar 31, 2012
Company Overview
Shukra Jewellery Limited is engaged in the manufacturing of diamond
studded gold jewellery and trading of cut and polished diamond. It was
incorporated on 13th December, 1991 as a public limited company and
came out with a public issue on February 15, 1993. Earlier known as
Shukra Diamond Exports Limited, it acquired its present name with
effect from 10th January, 1997. The factory premises are located at
Union Territory of Daman. Polished diamonds and gold Jewellery are sold
in the domestic as well as the export markets.
The registered office is located at Chirag Industrial Complex, 39/40,
Golden Industrial Estate, Somnath Road, Daman & Diu (UT)-396210. The
corporate office of the company is situated at 232, Pancharatna, Opera
House, Mumbai-400004.
The previous period figures have been regrouped/ reclassified, whenever
necessary to con- form to the current period presentation.
1.1 Related Party Disclosures:
Names of related parties and description of relationship:
1. Key Management Personnel:
Chandrakant H Shah - Chairman & Managing Director
Mauyri C Shah - Director
2. Enterprises over which Key Management Personnel has significant
influence
Shukra Bullions Limited
Shukra Land Developers limited
1.2 Contingent LiabilityAsset:
There is no contingent liability or asset outstanding on the Balance
Sheet date which can have a material adverse effect on the Company's
financial position or results of operation.
1.3 Impairment Loss:
The management has not assessed the impairment loss on the assets of
the company.
Mar 31, 2011
1. Contingent Liabilities in Respect of :
No provision is made for liabilities that are contingent in nature but,
if material, the same are disclosed by way of notes to the accounts
2. Sundry Debtors/Creditors and Loans and Advances, Cash & Bank Balance
/Investments are subject to Confirmation /reconciliation.
3. Inventories is taken, valued and certified by the management.
4. As regards payment made to specified persons, as covered by section
40 A (2) (b) of the Income Tax Act, 1961 we have relied in the list of
person as furnished by the assesses.
5.Deferred Tax Assets for the current year is Rs. 1,06,80,571.00
6.Related Party Disclosures
Related Party disclosures as required by Accounting Standard 18,Related
Party Disclosuers are given below
(1) Investment in shares of shukra Bullion Ltd Rs...20559350.(market
valueRs... 1,80,00,000.00)
(2) Loan taken from Chandrakant Shah(Director) Rs.. .520000.00
(3) Loan Taken from Mauyri Shah( Director wife) Rs... 104000.00
(4) Loan taken from Shukra Land Developers Ltd Rs.. .6700000.00
(5) Loan Given to Shukr Bullions Ltd Rs.72,75,989.00
7. The company believes that no impairement of assets arises during the
year as per the recommendations of Accounting Standard-28 Impairment of
Assets,issued by the Institute of Chartered Accountants of India
considering the age of the Fixed Assets Situated at its unit situated
at Daman,Surat,Sachin-surat and office at Mumbai
8.We have conducted our audit in accordance with auditing standards
generally accepted in India.Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statement are free from material mis-statement .An Audit
include examining ,on test basis evidence supporting the amount and
disclosure in the financial statements. And audit also includes
assessing the accounting principles used and significant estimated made
by the managements well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
9.The Company does not possess information as to which of its supplies
is small scale industrial undertaking and their outstanding dues or
interest paid is not ascertained. Therefore the same is not
reported. Such SSI or such SME's are also not identified or ascertained
or such information is not available and auditee has not identified or
classified such suppliers. The Assessed has not provided or paid any
interest. As information by the Assesses there is no such interest
payable or paid to any buyer
10. During the year Contingent Liabilities and Assets are Nil.
11. Previous year's figures have been regrouped, rearranged and recast
wherever found necessary.
Mar 31, 2010
1. The Company does not possess information as to which of its
supplies is small scale industrial undertaking and their outstanding
dues or interest paid is not ascertained. Therefore the same is not
reported. Such SSI or such SMEs are also not identified or
ascertained or such information is not available and the Company has
not identified or classified such suppliers.
2. As regards to AS-18 Related Party disclosure
None of the transactions with any of the related parties were in
conflict with the interest of the company.
3. During the year Contingent Liabilities is Nil
4. In opinion of management, Current Assets, Loans and Advances are
approximately of the value stated, if released in the ordinary course
of business, the provision for all known liabilities are adequate and
not in excess than reasonable necessary.
5. Figures of previous year have been re-grouped/re-arranged wherever
necessary.
6. Previous figure regrouped or rearranged.
7. Factory was put in use in the Second Half of the year and hence
depreciation claimed is for half year.
8. Schedule 1 to 14 is an integral part of the accounts.