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Notes to Accounts of Synergy Cosmetics (Exim) Ltd.

Mar 31, 2015

Contingent Liabilities are disclosed when the Company has a possible obligation or a present obligation and it is probable that a cash outflow will not be required to settle the obligation.

Note: 1. In the opinion of the management the current assets, loans and advances have a value on realization in ordinary course of business at least equal to the amounts at which they are stated in the Balance Sheet. Provisions have been made for all known liabilities, losses and claims.

Note: 2. Deferred Tax:

The deferred tax assets /liability has not been recognized as there is no reasonable certainty of sufficient taxable income being available against which such deferred tax assets/ liability can be realized..

Note: 3. Related Party Disclosures (as identified and certified by the management): Related party disclosures as required under Accounting Standard (AS-18) on "Related Party Disclosure" issued by the Institute of Chartered Accountants of India are given below:

No Related Party transaction was carried out during the year.

Note: 3. The Company deals only in one segment hence As 17 Segment Reporting issued by the ICAI is not applicable.

Note: 4. Earnings per Share

Note: 5. No provision for gratuity is made in absence of any liability as per the provision of Gratuity Act 1972.

Note: 6. Previous year figures have been regrouped and/ or rearranged wherever considered necessary and includes Figures in brackets relate to previous year.


Mar 31, 2014

Note: 1 In the opinion of the management the current assets, loans and advances have a value on realization in ordinary course of business at least equal to the amounts at which they are stated in the Balance Sheet. Provisions have been made for all known liabilities, losses and claims.

Note: 2 Deferred Tax:

The deferred tax assets /liability has not been recognized as there is no reasonable certainty of sufficient taxable income being available against which such deferred tax assets/ liability can be realized..

Note: 3 Related Party Disclosures (as identified and certified by the management): Related party disclosures as required under Accounting Standard (AS-18) on "Related Party Disclosure" issued by the Institute of Chartered Accountants of India are given below:

No Related Party transaction was carried out during the year.

Note: 4 The Company deals only in one segment hence As 17 Segment Reporting issued by the ICAI is not applicable.

Note: 5 No provision for gratuity is made in absence of any liability as per the provision of Gratuity Act 1972.

Note: 6 Previous year figures have been regrouped and/ or rearranged wherever considered necessary and includes Figures in brackets relate to previous year.


Mar 31, 2013

Note: 1 Deferred Tax:

The deferred tax assets /liability has not been recognized as there is no reasonable certainty of sufficient taxable income being available against which such deferred tax assets/ liability can be realized..

Note: 2 Related Party Disclosures (as identified and certified by the management): Related party disclosures as required under Accounting Standard (AS-18) on "Related Party Disclosure" issued by the Institute of Chartered Accountants of India are given below:

No Related Party transaction was carried out during the year.

Note: 3 The Company deals only in one segment hence As 17 Segment Reporting issued by the ICAI is not applicable.

Note: 4 No provision for gratuity is made in absence of any liability as per the provision of Gratuity Act 1972.

Note: 5 Previous year figures have been regrouped and/ or rearranged wherever considered necessary and includes Figures in brackets relate to previous year.


Mar 31, 2010

1. In the opinion of the management the current assets, loans and advances have a value on realization in ordinary course of business at least equal to the amounts at which they are stated in the Balance Sheet. Provisions have been made for all known liabilities, losses and claims.

2. Deferred Tax

The deferred tax assets /liability has not been recognized as there is no reasonable certainty of sufficient taxable income being available against which such deferred tax assets/ liability can be realized..

3. Related Party Disclosures (as identified and certified by the management)

Related party disclosures as required under Accounting Standard ( AS-18 ) on " Related Party Disclosure" issued by the Institute of Chartered Accountants of India are given below:

Company has given Loans & Advances of Rs 46,50,000/- to one company in which one of the director is common.

The Company deals only in one segment hence As 17 Segment Reporting issued by the ICAI is not applicable.

4. Earnings per Share

5. No provision for gratuity is made in absence of any liability as per the provision of Gratuity Act 1972.

6. The company has made investment of Rs. 7,94,40,000/- in other corporate and given Loans & advances of Rs.27,04,31,501/- to other companies.

7. Previous year figures have been regrouped and/ or rearranged wherever considered necessary and includes Figures in brackets relate to previous year.


Mar 31, 2009

1) RELATED PARTY DISCLOUSERS

a) Name of the related party and relationship

i)Subsidiary: NA

ii) Key Management Personal

Shri Jagdish Patel Managing Director

Shri Vasudev Patel Director

iii) Other related party: Jyoti resins and Adhesives Ltd

b) Details relating to parties referred to (ii) and (iii) above



 
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