Mar 31, 2015
1. Right, Preferences and Restriction attached to shares Equity shares
The company has only one class of Equity having a par value Rs. 10.00
per share. Each shareholder Is eligible for one vote per share held.
The dividend proposed by the board of directors is. subject to the
approval Of the shareholders in ensuing Annual General Meeting, except
in case of interim dividen In the event .of liquidation, the Equity
shareholders' are eligible to receive the remaining assets of the
company after distribution of all preferential amounts, in proportion
to their shareholding.
2. Corporate Information
Sun Source (India) Limited was incorporated under the Companies Act,
1956 on 10-04- 1992.
The Company is principally engaged in executing alternate power
projects During the year, the. Company is in the process of exploring
sources of alternate power projects. As an ancillary activity, the
Company carries trading activity. During the year the income is mainly
from this trading activity.
3. Gujarat Electricity Board has filed a suit against the company for
recovery of electricity dues, penalty etc, for approx 3 Lacs, The
Company has opted for settlement of the dues under the Amnesty scheme of
Government of Gujarat. The liability if any is not ascertainable.
4. RSEB has invoked Bank guarantee of 75 lac given by Vijaya Bank,
against Fixed Deposit placed by the company. RSEB has received 75 Lac
from Vijaya Bank & 25 lac which were lying with RSEB is also
confiscated. However on the request of the company, RSEB has kept ' 100
lac as interest free deposit for future work that would be given to the
company. Hence ' 1 crore is Shown as advance to RSEB.
5. Previous Year's figures have been regrouped wherever necessary.
6. The Company has no information on micro, small or medium
enterprises to whom the Company owes dues, which are outstanding over
45 days as at 31st March 2014 as required, under the Micro, Small and
Medium Enterprises Development Act, 2006.
7. The balance in respect of Trade Receivables, loans and advances-
Long Term and Short Term Deposits, bank balances and other accounts,
either debit or credit, as appearing in the books of accounts are
subject to confirmations from the respective parties as well as the
reconciliation/ adjustments, if any, arising there from.
Mar 31, 2014
1. Preliminary Expenses: The Company has not written off preliminary &
Public issue expenses till date.
2. Gujarat Electricity Board has filed a suit against the company for
recovery of electricity dues, penalty etc, for approx Rs, 3 Lacs. The
Company has opted for settlement of the dues under the Amnesty scheme
of Government of Gujarat. The liability if any is not ascertainable.
3. RSEB has invoked Bank guarantee of Rs, 75 lac given by Vijaya Bank,
against Fixed
Deposit placed by the company. RSEB has received Rs, 75 Lac from Vijaya
Bank & Rs, 25 lac which were lying with RSEB is also confiscated.
However on the request of the company, RSEB has kept Rs, 100 lac as
interest free deposit for future work that would be given to the
company. Hence Rs, 1 crore is shown as advance to RSEB.
4. Previous Year's figures have been regrouped wherever necessary.
5. In accordance with Accounting Standard  20, issued by the
Institute of Chartered Accountants of India, the basic and diluted
Earnings per Share Rs, (0.21) has been determined considering the
numerator of Rs, (23,69,230) as the Earnings after Tax as per the
Profit & Loss account for the year and denominator of 143,91,461 Equity
Shares. There has been no change in the Equity Share Capital as
compared to the previous year.
6. The Company has no information on micro, small or medium
enterprises to whom the Company owes dues, which are outstanding over
45 days as at 31st March 2013 as required under the Micro, Small and
Medium Enterprises Development Act, 2006.
7. The balance in respect of Trade Receivables, loans and advances-
Long Term and Short Term, Deposits, bank balances and other accounts,
either debit or credit, as appearing in the books of accounts are
subject to confirmations from the respective parties as well as the
reconciliation/ adjustments, if any, arising there from.
Mar 31, 2010
1. Previous Years figures have been regrouped wherever necessary.
2. The figures have been round off to nearest rupee.
3. RSEB has invoked Bank guarantee of Rs. 75 iacs given by Vijaya
Bank, against Fixed Deposit placed by the Company. RSEB has received
Rs. 75 lacs from Vijaya Bank & Rs. 25 lacs, which were lying with RSEB
as Deposit is also confiscated. However, on request from the Company,
RSEB has kept Rs. 1 crore as interest free deposit for future work that
would be given to the company, Hence Rs. 1 crore is shown as Advance to
RSEB.
4. Payment to Auditors:
Current Year Rs, Previous Year Rs,
Audit Fees 10,000/- 20,000/-
5. The balance in respect of sundry debtors, loans and advances,
deposites, bank balances and other accounts, either debit or credit, as
appearing in the books of acounts are subject to confirmations from the
respective parties as well as the reconciliation/adjustments, if any,
arising tere from.
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