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Notes to Accounts of Sumeru Industries Ltd.

Mar 31, 2015

1. Nature of Operations:

The Company's principal activity is providing management consultancy services to infrastructure sector and cement in Particular.

2. Contingent Liability not provided for:

Particulars Period to Forum Amount which the where the (Rs.) amount dispute is relates pending

Interest Tax 1995-96 High Court 3,12,003/-

Interest Tax 1996-97 High Court 8,35,549/-

Interest Tax 1997-98 High Court 7,64,757/-

Total 19,12,309/-

Particulars Remarks

Interest Tax Appeal decided Interest Tax in favor of Interest Tax company and Income Tax Department is filed appeal at higher level which is pending

3. The balances of sundry debtors, sundry creditors, loans and advances are subject to confirmation.

4. As explained to us, the provisions of Provident Fund Act, ESI Act, and Gratuity Act are not applicable to the Company.

5. The Company primarily deals in only one business segment i.e.,"Management Consultancy Service".

6. According to the information available with the Company, there are no amounts as at 31st March, 2015 due to suppliers who constitute a "Micro, Small and Medium Enterprises" as per MSMED Act, 2006.

7. The Board of Directors is of the opinion that all the liabilities have been adequately provided for.

8. There is no operational activity in the business of shares and securities, lease and in finance field.

9. We are informed by the management that there is no decline in price in respect of unquoted Investment.

10. There was no impairment loss on Fixed Assets on the basis of review carried out by the Management in accordance with Accounting Standard-28 issued by the Institute of Chartered Accou ntants of India.

11. Terms/Rights attached to equity shares

The Company has only one class of equity shares having par value of Re.l per share. Each shareholder of equity share is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the realised value of the assets of the Company, remaining after payment of all preferential dues. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2013

Nature of operations

The company''s principal activity is providing management service to infrastructure sector and cement in particular the company is establishing the salt pan project in the Kutch District of Gujarat over an area of approx 3107 acres of land.

1) The Balances of sundry debtors sundry debtors sundry creditors loans and advances are subject to confirmation

2) As explained to us the provisions of provident Fund Act, ESI Act, and Gratuity Act are not applicable to the company.

3) The company primarily deals one business segment i.e. Management service

4) The public issue expense and deferred revenue expenditure incurred are written off over a period of 10 years.

5) According to the information available with the company there are no amount as at 31st March 2013 due to suppliers who constitute a Micro small and medium Enterprises as per MSMED Act,2006

6) The Board of Directors is of the opinion that all the liabilities have been adequately provided for;

7) There is no operational activity in the business of shares and securities lease and in finance field

8) We are information by the management that there is no decline in price in respect of unquoted investment.

9) There was no impalement loss on Fixed Assets on the basis of review carried out by the management in according with AACCOUNTING STATANDARDS 28 BY THE INSTITUTE OF CHARERECTED accounts of India.

10) Earnings per share (EPS)


Mar 31, 2011

1.Nature of Operations:

The Company's principal activity is providing management services to infrastructure sector and cement in part The company is establishing the salt pan project in the Kutchh District of Gujarat over an area of approx acres of land.

2) The balances of sundry debtors, sundry creditors, loans and advances are subject to confirmation.

3) As explained to us, the provisions of Provident Fund Act, ESI Act, and Gratuity Act are not applicable to the company.

4) The Company primarily deals in only one business segment i.e., "Management Service".

5) The public issue expenses and deferred revenue expenditure incurred are written off over a period of 10 years

6) According to the information available with the Company, there are no amounts as at 31st March,2011,due to suppliers who constitute a "Micro, Small and Medium Enterprises "as per MSMED Act,2006.

7) The Board of Directors Is of the opinion that all the liabilities have been adequately provided for.

8) There is no operational activity in the business of shares and securities, lease and in finance field

9) We are informed by the management that there is no decline in price in respect of unquoted investments

10) There was on impairment loss on Fixed Assets on the basis of review carried out by the management in accordance with Accounting standard -28 issued by the Instituted of Chartered Accountants of India.


Mar 31, 2010

Nature of Operations:

The Companys principal activity is providing management services to infrastructure sector and cement in particular. The company is establishing the salt pan project in the Kutchh District of Gujarat over an area of approx 3107 acres of land.

1) Contingent Liability not provided for:



Particulars Period to which Forum where the Amount the amount relates dispute is pending (Rs.)

Interest Tax 1995-96 High Court 312003

Interest Tax 1996-97 High Court 835549

Interest Tax 1997-98 High Court 764757

Total 1912309



2) The balances of sundry debtors, sundry creditors, loans and advances are subject to confirmation.

3) As explained to us, the provisions of Provident Fund Act, ESI Act, and Gratuity Act are not applicable to the Company.

4) The Company primarily deals in only one business segment i.e., "Management Service".

5) The public issue expenses and deferred revenue expenditure incurred are written off over a period of 10 years.

6) According to the information available with the Company, there are no amounts as at 31st March, 2010, due to suppliers who constitute a "Micro, Small and Medium Enterprises” as per MSMED Act, 2006.

7) The Board of Directors is of the opinion that all the liabilities have been adequately provided for.

8) There is no operational activity in the business of shares and securities, lease and in finance field.

9) We are informed by the management that there is no decline in price in respect of unquoted investments.

10) There was no impairment loss on Fixed Assets on the basis of review carried out by the Management in accordance with Accounting Standard-28 issued by the Institute of Chartered Accountants of India.

11) Related Parties Disclosures under Accounting Standard 18

1) Related Party relationships :

Key Management Personal :

Nandit V Raja , Managing Director

Directors Remuneration Fees of Rs. 5,40,000/-

Vipul H Raja, Promoter Director

Transaction Value Rs. Nil

Signature to Schedule "1" to "10" forming part of Balance Sheet and Profit & Loss Account.

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