Mar 31, 2016
Note 1 Related party transactions
Description of relationship Names of related parties
Key Management Personnel (KMP) Manoj Kumar Agarwal - WTD & Chairman
Seema Mittal - Director, CFO Rajiv Agarwal - Director Rakesh Chand Agarwal - Director Sudeepti Srivastava- Additional Director Subsidiary Company Rodic Coffee Estates P Ltd
Note 2 Previous year''s figures
Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond with the current year''s classification / disclosure.
Mar 31, 2015
A Corporate Information
The Company is Non-banking Financial Company (NBFC) registered with the
Reserve Bank of India ("RBI") under section 45-IA of the Reserve Bank
of India Act, 1934 and primarily engaged in lending and related
activities. The Company received the Certificate of Registration from
the RBI, enabling the Company to carry on business as a Non-banking
Financial Company.
Mar 31, 2014
A Corporate Information
The Company is Non-banking Financial Company (NBFC) registered with the
Reserve Bank of India ("RBI") under section 45-IA of the Reserve Bank
of India Act, 1934 and primarily engaged in lending and related
activities. The Company received the Certificate of Registration from
the RBI, enabling the Company to carry on business as a Non-banking
Financial Company.
Particulars For the year For the year
ended March ended March
31, 2014 31, 2013
Note 1 Contingent liabilities Nil Nil
Note 2 Dues to Micro, Small and
Medium EnterprisesDues to Micro and
Small Enterprises have been
determined to the extent Nil Nil
such parties have been identified
on the basis of information collected
by the Management.
This has been relied upon by the auditors.
Note 3 Deferred Tax Assets (Net) Deferred
Tax Liability on account ofdifference in
Depreciation as per tax books and
financial books 48,541 33,696
Note 4 Expenditure in foreign currency Nil Nil
Note 5 Earnings in foreign exchange Nil Nil
Note 6 Employee benefits Nil Nil
Note 7 Previous year''s figures Previous year''s figures have been
regrouped/reclassified wherever necessary to correspond with the
current year''s classification / disclosure.
Mar 31, 2013
A Corporate information
The Company is Non-banking Financial Company (NBFC) registered with the
Reserve Bank of lndfa("RBI") under section j 45-lAaf the Reserve Bank
of India Act, 1934 and primarily engaged in lending and related
activities. The Company received ) the Certificate of Registration from
the RBi, enabling the Company to carry on business as a Non-banking
Financial Company.
Note 1 Contingent liabilities Nil Nil
Note 2 Dues to Micro, Small and Medium Enterprises
Dues to Micro and Small Enterprises have been determined to the extent
such parties have been identified on the basis of information collected
by the Management. This has been relied upon by the auditors.
Note 3 Previous year''s figures
Previous year''s figures have been regrouped/reclassified wherever
necessary to correspond with the current year''s classification
/disclosure.
Mar 31, 2012
1. Since the amount of Deferred Tax provision was not material,
therefore no provision for deferred tax was made as on 31.03.2012.
2. List of Related Parties are as under:
a. Sulabh Agro P. Ltd
b. Sulabh Engg. Cons. P.Ltd
Transactions with Related Parties are as under:
a. Sulabh Agro P.Ltd. - Rs. 25,000/-
b. Sulabh Engg. Cons. P.Ltd.- Rs. 25,000/-
c. Manoj Kumar Agarwal- Director Remuneration - Rs.180000/-
d. Deepa Mittal-Director Remuneration- Rs. 180000/-
3. During the year under review, the Company has issued 70,00,000
Equity shares on preferential basis of Rs.l0/- each on premium Rs.10/-
each, out of which 17,00,000 Equity shares were issued to Promoters and
53,00,000 Equity shares to Non-Promoters.
4. Loans & Advances includes Rs.250,40,000/- being advance paid to
Sanjeevani Fertilizers & Chemicals Pvt. Ltd, as advance for use of land
owned by Sanjeevani Fertilizers & Chemicals Pvt. Ltd.
5. Advances also includes Rs.l3,00,000/- being advance paid to
M/s.MGIL Emrald Garden Invt. Pvt. Ltd., as advance for purchase of
property.
6. Previous year's figures has been rearranged and regrouped,
wherever required to make comparable with current year's figures.
7. Balances of sundry debtors, sundry creditors, loans and advances
(debit & credit) shown in the Balance Sheet, are subject to
confirmation and verification from respective parties.
8. Auditors' Remuneration comprises of:
Statutory Audit fee- Rs.25,000/-
Certification Fee- Rs.51,000/-
9. Directors Remuneration includes payment made to Mr.Manoj Kumar
Agarwal Rs. 180000/- & Mrs. Deepa Mittal Rs. 180000/- Director of the
Company.
10. EPS and DEPS for the year 2011-12 is Rs. 0.46 calculated as (
Profit after tax for the year is Rs. 14,79,993/- divided by weighted
No. of shares 30,47,500 (70,00,000*9/366))
11. As per Management's explanation amount due to SSI, MICRO, Small
Enterprises is NIL.
12. Cash Balances at the year end is not verified by the Auditors, the
same is relied on the certification by the Management.
13. Expenditure in Foreign Currency-NIL
14. Earning in Foreign Currency-NIL
Mar 31, 2011
1. Since the amount of deferred tax provision is not material amount,
no provision for deferred tax liabilities/assets as on 31.03.2011 is
made.
2. As explained to us the amount due to SSI, MICRO, Small Enterprises
is NIL.
3. Related party disclosures transaction are NIL.
4. During the year the company has issued 2800000 equity shares on
preferential basis of Rs.10/- each on premium of Rs.10/- each , out of
which 1000000 equity shares were issued to Promoters and 1800000 equity
shares to Non-promoters.
5. Interest and Dividend Income are shown gross.
6. During the year the Company has sold out their all investments in
securities, and as a result loss of Rs.60812.82 has been occurred.
7. Previous year's figures have been regrouped and rearranged,
wherever necessary to make comparable with the current year's figure.
Mar 31, 2010
A) Provision for deferred tax liability/Assets as on 31-3-2010 Ã Nil.
Deferred tax asset on income tax credit and benefits has not been
accounted for in the books of accounts as a measure of prudence and
with uncertainty of their ultimate realisation. Amount due to SSI,
Micro, Small Enterprises à Nil.
b) Related party disclosures:- Expenses incurred - Remuneration and
allowances Rs.18,000/- to Key Management
Personnel(Director)ÃMr.A.K.Sharma.Rent Rs.12,000/- to associate
concerns M/s.Chimanram Motilal.
c) Previous Years figures have been regrouped and rearranged wherever
necessary.
d) Interest and Dividend Income are shown gross - Tax deducted at
source on Interest Rs.13,680/-(Previous year Rs.17,764/-). Advance/
self assessment tax for the current year has not been fully paid.
Interest on delay shall be accounted for as and when balance tax will
be paid.
e) The Companys investment in securities are long term in nature and
are being carried at cost. In the opinion of the Directors, there is no
need to consider any diminution in the value of Companys investments.