Mar 31, 2014
(1) Deferred Tax Asset
Deferred Tax Asset on account of carried forward losses is not
recognised as there is no virtual certainty of its realisation.
(2) Segment Reporting
The Company is engaged solely, in investment activity during the year
and all activities of the Company revolve around this activity. As such
there are no reportable segment as defined by Accounting Standard 17 on
Segment Reporting issued by the Institute of Chartered Accountants of
India.
(3) Provision for tax has not been made as there is no taxable income
both under the normal provisions as well as u/s 115 JB of the IT Act,
1961.
(4) Previous year figures
Previous Year''s figures have been regrouped/reclassified wherever
necessary to correspond with the current year''s
classification/disclosures.
Mar 31, 2013
(1) Deferred Tax Asset
Deferred Tax Asset on account of carried forward losses is not
recognised as there is no virtual certainty of its realisation.
(2) Segment Reporting
The Company is engaged solely in investment activity during the year
and all activities of the Company revolve around this activity. As such
there are no reportable segment as defined by Accounting Standard 17 on
Segment Reporting issued by the Institute of Chartered Accountants of
India.
(3) Previous year figures
Previous Year''s figures have been regrouped/reclassified wherever
necessary to correspond with the current year''s
classification/disclosures.
Mar 31, 2012
A. The number of shares and amount outstanding at the beginning and at
b. The Company has only one class of equity shares having a par value
of Rs. 10/- per share. Each holder of equity share is entitled to same
right based on the number of shares held.
c. Shares in the Company held by each shareholders holding more than
5% shares:
(1) Deferred Tax Asset
Deferred Tax Asset on account of carried forward losses is not.
recognised as there is no virtual certainty of its realisation.
(2) Previous year figures
The Revised Schedule VI has become effective from April 1, 2011 for the
preparation and presentation of financial statements. This has
significantly impacted the disclosures and presentation made in the
financial statements. Previous Year's figures have been
regrouped/reclassified wherever necessary to correspond with the
current year's classification/disclosures.
Mar 31, 2010
1. Some of the debit & credit balances are subject to confirmation.
2. a. Sundry creditors do not include any amount due to Micro, Small &
Medium Enterprises.
b. Based on the information so far available with the Company in
respect of MSME (as defined in the Micro, Small & Medium Enterprises
Development Act, 2006) there are no delays in payment of dues to such
enterprises during the year and there is no such dues payable at the
year end.
3. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value stated, if realised in the ordinary
course of business and provision has been made for doubtful advances.
4. Previous Years figures have been regrouped, rearranged, wherever
necessary, so as to make them comparable with current years figures.
5. Other information required under Part I and Part II of Schedule VI
to the Companies Act, 1956 is either NIL or NOT APPLICABLE.
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