Mar 31, 2015
1. Related Party disclosure
Key Management Personnel
Bholanath Manna
Sanjay Agarwal
Keshav Kumar Saraf
Mamta Sharma
Basant Kumar Agarwal
Enterprise Controlled by Key Management personnel & their relatives
Step Two Infrastructure Pvt. Ltd.
Mar 31, 2014
1. Related Party disclosure
Key Management Personnel
Bholanath Manna
Sanjay Agarwal
Keshav Kumar Saraf
Enterprise controlled by Key Management personnel & their relatives
Step Two Infrastructure Pvt. Ltd.
Mar 31, 2013
1. As defined in Paragraph 2( 1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt. However, market value in
respect of quoted investments and break up/fair value/NAV in respect of
unquoted investments should be disclosed irrespective of whether they
are classified as long term or current in column (5) above.
Mar 31, 2012
1. As defined in Paragraph 2(l)(xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt However, market value in
respect of quoted investments and break up/fair value/NAV in respect of
unquoted investments should be disclosed irrespective of whether they
are classified as long term or current in column (5) above.
Mar 31, 2011
1.1 Particulars in respect of opening stock, purchases, sales & closing
stock of shares, Mutual Funds etc.
1.2. In terms of the Reserve Bank of India guidelines issued to
Non-Banking Financial Companies, all investments in securities are
bifurcated into current investments & long term investments.
Investments which are acquired with the intention of short term holding
are considered as Stock- in-trade and classified as current assets and
others are considered as long term investments. Long term investments
are valued at cost, whereas current investments are valued at cost or
market price whichever is lower.
1.3. During the financial) year 1997-98, a sum of Rs.25,00,000/- (Rupees
Twenty Five Lacs only) had been fraudulently withdrawn from Punjab &
Sind Bank Ltd., New Targri Road Branch, Kolkata. The matter is under
litigation. The closing balance of this account as appearing in the
balance sheet under the head "Cash & Bank Balances" isRs.25,02,195/-.
(ii) Name and description of relationship with the related parties:
Associates of Key Managerial Personnel: M/s. Raj Bhavna & Associates &
M/s.Asra Abasan Pvt. Ltd.
1.4 Related party disclosures as per Accounting Standard-18 are given
below:
(i) Details of transactions with related parties: (Amount in Rs.)
1.5 No employee is eligible for gratuity benefits, hence, the same has
not been provided in the books. 2.10There is no outstanding amount
payable to small scale industrial undertaking, which is outstanding for
more than 30 days.
1.6 As per provisions of Macro Small and Medium Enterprises
Development Act, 2006, there are no such enterprises to whom the
company over due which are outstanding for more than 45 days at the
Balance Sheet date to the extent such enterprises have been identified
on the basis of information available with the company.
1.7 Previous years figures have been re-grouped & re-arranged wherever
considered necessary.
Notes:
1. As defined in Paragraph 2(l)(xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2- Provisioning norms shall be applicable 'as-prescribed in
the-Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions. 1998.
3. All Accounting Standards and Guidance Notes issued by ICA1 are
applicable including for valuation of investments .and other assetûas
also assets acquired in satisfaction of debt. However, market value in
respect of quoted investments and break up/fair value/NAV in respect of
unquoted investments should be disclosed irrespective of whether they
are classified as long term or current in column (5) above.
Mar 31, 2010
1.1. In terms of the Reserve Bank of India guidelines issued to
Non-Banking Financial Companies, all investments in securities are
bifurcated into current investments & long term investments.
Investments which are acquired with the intention of short term holding
are considered as Stock-in- trade and classified as current assets and
others are considered as long term investments. Long term investments
are valued at cost, whereas current investments are valued at cost or
market price whichever is lower.
1.2. During the financial year 1997-98, a sum of Rs.25,00,000/- (Rupees
Twenty Five Lacs only) had been fraudulently With drawn from Punjab &
Sind Bank Ltd., New Targri Road Branch, Kolkata. The matter is under
litigation. The closing balance of this account as appearing in the
balance sheet under the head "cash &bank balances" is Rs.25,02,195/-.
1.3 No employee is eligible for gratuity benefits, hence, the same has
not been provided in the books.
1.4 There is no outstanding amount payable to small scale industrial
undertaking, which is outstanding for more than 30 days.
1.5 As per provisions of Macro Small and Medium Enterprises
Development Act, 2006, there are no such enterprises to whom the
company over due which are outstanding for more than 45 days at the
Balance Sheet date to the extent such enterprises have been identified
on the basis of information available with the company.
1.6 Previous years figures have been re-grouped & re-arranged wherever
considered necessary.
2 The opening as well as the closing balance of Cash & Cash Equivalents
as shown in the Cash Row Statement include an amount of Rs. 25,00,000/-
which was fraudulently withdrawn from the Punjab & Sind Bank in the
financial year 1996-97. The closing Balance of this account as
appearing in Balance Sheet under the head "Cash & Bank Balances" is Rs.
25,02,195/- as on 31.03.2009. The entire amount is not available for
use by the Company.
3 The Cash Flow Statement has been prepared using Indirect Method set
out in Accounting Standard 3 issued by the Institute of Chartered
Accountants of India.
This is the Cash Flow Statement referred to in our report of even date.
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