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Notes to Accounts of Sinner Energy India Ltd.

Mar 31, 2015

1. Terms/ right attached to Equity Shares

The Company has Only one Class of equity shares having par value of Rs.10 per Shares. Each holder of Equity Shares is Entitled to one vote per share. In the event of liquidation of the company, the holders of equity share will be entitled to receive remaning assets of the Company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2014

1. Under the Micro Small and Medium Enterprises Development Act , 2006, certain disclourses are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compliant relevant information from its suppliers about their coverage under the Act. Since the reveling information is not presently available, no disclosures have been made in the accounts.

2. Corresponding figures of the previous year have been regrouped or rearranged to make it comparable with this years's figure, wherever necessary.

3. The company is having net deferred tax assets. Deferred tax assets, which have arisen mainly on account of unabsorbed depreciation, have been considered for recognition, as there is virtual certainity that sufficient further taxable income will be available against which such deferred tax assets can be realized. Therefore, net deferred tax asset has been recognized in the accounts of the company.


Mar 31, 2013

1. Under the Micro Small and Medium Enterprises Development Act ,2006, certain discloures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of complying relevant information from its suppliers about their coverage under the Act . Since the relevant information is not presently available, no disclosures have been made in the accounts.

2. Corresponding figures of the previous year have been regrouped or rearranged to make it comparable with this years's figure, wherever necessary.

3. The company is having net deferred tax assets. Deferred tax assets, which have arisen mainly on account of unabsorbed depreciation, have been considered for recognition, as there is virtual certainity that sufficient future taxable income will be available against which such deferred tax assets can be realized. Therefore, net deferred tax asset has been recognized in the accounts of the company.

 
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