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Notes to Accounts of SVP Global Ventures Ltd.

Mar 31, 2015

Corporate Information

SVP GLOBAL VENTURES LIMITED (the Company) is a listed Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged for Trading of Gold Diamond, Stones, Fabrics etc.

1. Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards as prescribed under section 133 of the companies act 2013('the act') read with rule 7 of the Companies (Accounting) Rules, 2014, the provisions of the companies Act 2013(to the extent notified) and guidelines issued by the Securities and Exchange Board Of India(SEBI). The Financial statements have been prepared on an accrual basis. The accounting policies adopted in the preparation of financial statements are considered with those of previous year, except for the change in accounting policy explained below

2. No contract on capital account remains to be executed.

3. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

4. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil.

5. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

6. During the year company has not provided for deferred tax liability.

7. Details of remuneration to Managing Director and Whole Time Director

8. As required by Accounting Standard – 5, details of Prior Period items debited to profit & Loss a/c. is Rs. 2500/-.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10 In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2015.

11. The cash flow Statement As per AS 3 is as per Annexure

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification As per our report of even date


Mar 31, 2014

Corporate Information

SVP GLOBAL VENTURES LIMITED (the Company) is a Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged for Trading of Gold Diamond,Stones,Fabrics etc.

1. Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the companies Act 1956. The Financial statements have been prepared on an accrual basis. The accounting policies adopted in the preparation of financial statements are considered with those of previous year, except for the change in accounting policy explained below

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil (P. Y. Rs. 99,046/-)

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided for deferred tax liability.

6. Details of remuneration to Managing Director and Whole Time Director

7. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

8. The company has mainly activity of circulation of magazine and motion films. However company has trading activity on Jeweler and Textiles Goods during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2014.

11. The cash flow Statement As per AS 3 is as per Annexure

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. During the year, the company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

14. RELATED PARTY TRANSACTIONS:-

1. Related parties particulars pursuant to "Accounting Standard - 18" a) LIST OF RELATED PARTIES:

Name of related parties Nature of Transaction relationship enterd during the year

SAMEER RAJIV KAPOOR Key Mangerial NO Personnel CHIRAG VINOD PITTIE YES

NARENDRA MANSINGKA NO

DILLIP KUMAR SAHOO

SCENARIO COMMUNICATION LIMITED Holding YES Company

A TO Z RETAIL LIMITED NO

DOSANI PROPERTIES LIMITED NO

CITRON INFRAPROJECTS LIMITED YES

SHUBHKANCHI TRADING PRIVATE LIMITED NO

SVP TEXTILES VENTURES PRIVATE LIMITED NO

CHEVONNE TRADERS PRIVATE LIMITED NO

RED MAPLE MERCANTILE LIMITED YES

SHRIVALLABH PITTIE INDUSTRIES LIMITED NO

SHRIVALLABH PITTIE MERCANTILE LIMITED Associate YES companies SHRIV ALLABH PITTIE INFRAPROJECTS LIMITED NO

PLATINUM TEXTILES LIMITED YES

JEET MACHINE TOOLS LIMITED NO

SUNRISE HOSPITALITY PRIVATE LIMITED NO

HELIOS MERCANTILE LIMITED YES

AAKASHGANGA INDUSTRIES PRIVATE LIMITED NO

HELIOS EXPORTS LIMITED NO

CHONSIE TRADERS PRIVATE LIMITED NO

15. Figures have been rounded off to the nearest rupee.

16. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year''s classification.


Mar 31, 2013

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil (P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. 99,046/- (P. Y. Rs. 3,51,959/-)

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided deferred tax liability.

6. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

7. The Company has mainly activity of circulation of magazine and motion films. However Company has trading activity on Jeweler and Textiles Goods during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

8. The Company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s 22 of the above Act is have not been given.

9. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the Total Number of Shares issued & fully paid up as at 31st March, 2013.

10. The cash flow Statement As per AS 3 is as per Annexure - 1

11. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the Company has not discontinued any line of its activity/product line during the year.

12. During the year, the Company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment- of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

13. The year end foreign currency exposure that have not been hedged by a derivative instrument or otherwise are given below:

(a) Amount receivable in foreign currency - US $17,966/- (P.Y.US $43,186/-)

14. RELATED PARTY TRANSACTIONS:-

1.Related parties particulars pursuant to "Accounting Standard -18"

a. LIST OF RELATED PARTIES:

l.Key Management Personnel

- Mr. Chirag Pittie

2. Relatives of Key Management Personnel

- Mrs. Kavita Pittie Mother of Shri Chirag Pittie

3.Enterprises in which key management personnel and/or their relatives have significant influence

- Shrivallabh Pittie Infraproject Ltd.,

- Shrivallabh Pittie Mercantile Ltd.,

4. Enterprises with substantial interest

- Platinum Textiles Limited

- Scenario Communication Ltd.,

- Shrivallabh Pittie Infraprojects Ltd.

- Shrivallabh Pittie Mercantile Ltd.

15. Figures have been rounded off to the nearest rupee.

16. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year''s classification.


Mar 31, 2012

1. During the year the company has reduced the rate of depreciation on brand and copy right from 10% to 5% on Straight Line Basis, consequent upon that profit is overstated by Rs. 7,97,747/- and also assets is overstated by the same amount.

2. No contract on capital account remains to be executed.

3. Contingent Liability not provided for in the books Rs. Nil (P.Y. NIL)

4. The amount of Exchange difference (Net) credited to the profit & Loss Account for the year Rs.,351,959.00/- ( P. Y. debited Rs.67,856)

5. The balances appearing under Sundry Debtors, Sundry Creditors, Advances to Suppliers and others are subject to confirmation.

6. During the year company has not provided deferred tax liability of Rs. 12,745 /-

7. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

8. The company has mainly activity of circulation of magazine and motion films. However company has trading activity on Jeweler and Grey fabrics during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2012.

11. The cash flow Statement As per AS 3 is as per Annexure 1

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. During the year, the company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

14. The year end foreign currency exposure that have not been hedged by a derivative instrument or otherwise are given below:

(a) Amount receivable in foreign currency - US $43,186/- (P.Y.US $41,799/-)

15. RELATED PARTY TRANSACTIONS:-

l.Related parties particulars pursuant to "Accounting Standard - 18"

a) LIST OF RELATED PARTIES:

l.Key Management Personnel

- Mr. Chirag Pittie

2. Relatives of Key Management Personnel

- Mrs. Kavita Pittie Mother of Shri Chirag Pittie

3.Enterprises in which key management personnel and/or their relatives have significant influence

- Shrivallabh Pittie Infraproject Ltd.,

- Shri vallabh Pittie Mercantile Ltd.,

4. Enterprises with substantial interest

- Platinum Textiles Limited

- Scenario Communication Ltd.,

- Shrivallabh Pittie Infraprojects Ltd.

- Shrivallabh Pittie Mercantile Ltd.

16. Figures have been rounded off to the nearest rupee.

17. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification.


Mar 31, 2010

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