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

Notes to Accounts of Sigrun Holdings Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION AND REGISTERED OFFICE

Sigrun Holdings Limited involved in carrying and undertaking the business of finance, investment and trading. It undertakes hire purchase, leasing, subscribing shares and debenture stock deposits and bonds of other companies.

The Registered Office of company is as follow :

B/12, Shree Devadiga Co-Op. Hsg. Soc., Om Nagar, Sahar, Andheri (East), Mumbai - 400099

2. Rights of Equity Shareholders :-

The Company has only one class of Equity Shares having par value of Rs.1. Each holder of equity shares is entitled to one vote per share.In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount.

3. Holding in Other Companies :

Sigrun Holdings Limited having holding more than 5% in Sigrun Realties Limited

* During the year Sigrun Realties Ltd has omitted 10,60,41,010 of Re. 1/- each from its Share Register on account of the shares being unpaid. The above reduction in the holding has been effected through the Securities Premium Account.

4. RELATED PARTY TRANSACTIONS:

Category I : Key Management Personnel :

Related Party Transactions Details of Related Parties:

Description of relationship Names of related

Key Management Personnel Mr. Vinayak Bhat Director

Mr. Muninder Kundan Director

Mr. Rohit Muslonkar Director

Associated Company Sigrun Realties Limited

Company in which KMP / Due to Investment in the Relatives of KMP can associates companies exercise significant influence

5. There has been permanent diminution in the values of Shares of Sigrun Realities Ltd to the tune of Rs 1554.08 Lacs for such diminution has been made in the values of Sigrun Realities Ltd.

6. Earning Per Share :

The amount considered in ascertaining the Company's earning per share constitutes the net loss after tax. The number of shares used in computing basic earning per share is the weighted average number of shares outstanding during the year.

7. SEGMENT REPORTING:

There are no seprate reportable segments as per Accounting Standard on Segment Reporing(AS-17)as the company's prime business is to provide finance.

8. The Company has not identified the enterprises faling under Micro Enterprises and Small Enterprises and hence the liability if any has not been determined by company.

9. The figures of the previous accounting period are re-grouped, re-classified wherever necessary and are not comparable with the figures of the current accounting year. The figures are rounded to nearest rupees in lacs.

10. In the opinion of the Board of Directors of the Company the sundry debtors, Loans and Advances, sundry creditors are subject to third party confirmation, have a value on realization / payment in the ordinary course of business, at least equal to the amounts at which they are stated and the provisions for all known liabilities are adequately made and are not in excess of the amount reasonably necessary.


Mar 31, 2014

Note 1

Rights of Equity Shareholders :-

The Company has only one class of Equity Shares having par value of Rs.1. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount.

Note 2

Holding in Other Companies :

Sigrun Holdings Limited having holding more than 5% in Sigrun Realties Limited

3 A. CORPORATE INFORMATION AND REGISTERED OFFICE

Sigrun Holdings Limited involved in carrying and undertaking the business of finance, investment and trading. It undertakes hire purchase, leasing, subscribing shares and debenture stock deposits and bonds of other companies.

The Registered Office of company is as follow : B/12, Shree Devadiga Co-Op. Hsg. Soc., Om Nagar, Sahar, Andheri (East), Mumbai - 400099

4. There has been permanent diminution in the values of Shares of Sigrun Realities Ltd and First Virasat Realcon Pvt Ltd, therefore additional Provision of Rs 332.24 Lacs and Rs 205.44 Lacs for such diminution has been made in the values of Sigrun Realities Ltd and First Virasat Realcon Pvt Ltd respectively.

5. SEGMENT REPORTING:

There are no seprate reportable segments as per Accounting Standard on Segment Reporing(AS-17)as the company''s prime busi- ness is to provide finance .

6. The Company has not identified the enterprises faling under Micro Enterprises and Small Enterprises and hence the liability if any has not been determined by company.

7. The figures of the previous accounting period are re-grouped, re-classified wherever necessary and are not comparable with the figures of the current accounting year. The figures are rounded to nearest rupees in lacs.

8. In the opinion of the Board of Directors of the Company the sundry debtors, Loans and Advances, sundry creditors are subject to third party confirmation, have a value on realization / payment in the ordinary course of business, at least equal to the amounts at which they are stated and the provisions for all known liabilities are adequately made and are not in excess of the amount react.


Mar 31, 2013

Note 1.1

Rights of Equity Shareholders :-

The Company has only one class of Equity Shares having par value of Rs.1. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining as- sets of the company, after distribution of all preferential amount.

Note 1.2

Holding in Other Companies :

Sigrun Holdings Limited having holding more than 5% in Sigrun Realties Limited


Mar 31, 2012

Note 1.1

Rights of Equity Shareholders

The Company has only one class of Equity Shares having par value of Rs.l. Each holder of equity shares is entitled to one vote per share.In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount.

2) RELATED PARTY TRANSACTIONS:

As per explanation given to us by the management,no payment made to related parties according to AS-18 "Related Party Disclosures" issued by ICAI.

3) SEGMENT REPORTING:

There are no seprate reportable segments as per Accounting Standard on Segment Reporing(AS-17)as the company's prime business isto provide finance .

4) The Company has not identified the enterprises faling under Micro Enterprises and Small Enterprises and hence the liability if any has not been determined by company.

5) The figures of the previous accounting period are re-grouped, re-classified wherever necessary and are not comparable with the figures of the current accounting year. The figures are rounded to nearest rupees in lacs.

6) In the opinion of the Board of Directors of the Company the sundry debtors, Loans and Advances, sundry creditors are subject to third party confirmation, have a value on realization / payment in the ordinary course of business, at least equal to the amounts at which they are stated and the provisions for all known liabilities are adequately made and are not in excess of the amount reasonably necessary.


Mar 31, 2010

1. The Company is of the opinion that the computation of the net profit under Section 349 of the Companies Act 1956 is not required since no commission is paid or payable to the Directors for the period ended 31 st March, 2010.

2. Contingent Liabilities: NIL

The Company is not having any contingent liability as on 31s March, 2010.

3. Segment Reporting:

There are no separate reportable segments as per Accounting Standard on Segment Reporting (AS-17) as trie companys prime business is to provide finance.

4. The transactions with Related Parties as per Accounting Standard 18 " Related Party Disclosures "issued by the Institute of Chartered Accountants of India", are furnished below:

a) Related Parties:

Key Management Personnel

- C R Rajesh Nair Managing Director

- Deepak Jain Director

Subsidiaries of the Company:

Sigrun Realties Limited (Subsidiary of Geekay Finance & Leasing Co Ltd) Nano Technologies India Private Limited (Subsidiary of Sigrun Realties Ltd) Machad Resorts Private Limited (Subsidiary of Sigrun Realties Ltd)

5. The information regarding Micro Enterprises and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors. The amount payable Micro, Small and Medium Enterprises DevelopmentAct, 2006 as on 31" March, 2010 amounting to Rs. Nil.

6. During the year the company has, converted 25,00,000 share warrants of Rs. 10/- each and 2,30,28,911 Preference Share (OCPS) of Rs. 10/- each, into fully paid up Equity Share of Rs. 1/- each.

7. Figures have been rearranged wherever necessary, in order to make them comparable with those of the current year.

Find IFSC