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Notes to Accounts of Technojet Consultants Ltd.

Mar 31, 2014

1. Rights, Preferences and Restrictions attached to Equity Shares

The Company has equity shares having a par value of Rs.10 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 the ensuing Annual General Meeting, except in case of interim dividend. 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 shareholdings.

2. i) Contingent Liabilities not provided for: NIL

ii) Since deferred tax asset should be recognised and carried forward only to the extent that there is a virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised, no deferred tax asset in respect of unabsorbed losses has been recognised during the year.

iii) During the year there were no transactions with Micro and small enterprises as per information available.

iv) The Company has a single segment and hence there are no separate reportable segments under AS 17

v) Previous year figures have been regrouped and / or reclassified wherever necessary


Mar 31, 2013

1. Contingent Liabilities not provided for. NIL

2. Since deferred tax asset should be recognised and carried forward only to the extent that there is a virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can as realised, no deferred tax asset in respect of unabsorbed losses has been recognised during the year.

3. During the year there were no transactions with Micro and small enterprises as per information available.

4. The Company has a single segment and hence there are no separate reportable segments under AS 17.

5. Previous year figures have been regrouped and / or reclassified wherever necessary.


Mar 31, 2011

1 Contingent Liabilities not provided for : Nil

2 Previous years figures have been regrouped and/or reclassified wherever necessary.

3 Since deferred tax asset should be recognised and carried forward only to the extent that there is a virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised, no deferred tax asset in respect of unabsorbed losses has been recognised during the year.

4 During the year there were no transactions with Micro and Small enterprises.

5 The Company has a single segment and hence there are no separate reportable segments under AS 17

6 Other additional information pursuant to the provisions of paragraph 3 & 5 of Part II of Schedule VI of the Companies Act, 1956:


Mar 31, 2010

1 Contingent Liabilities not provided for : Nil

2 Previous years figures have been regrouped and/or reclassified wherever necessary.

3 Since deferred tax asset should be recognised and carried forward only to the extent that there is a virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised, no deferred tax asset in respect of unabsorbed losses has been recognised during the year.

4 During the year there were no transactions with Micro and Small enterprises.

5 The Company has a single segment and hence there are no separate reportable segments under AS 17


Mar 31, 2002

1 a. Income-tax assessment has been completed upto assessment year 1997-98.

b. For the Assessment Year 1996-97 the order decided in Companys favour by Commissioner of Income-tax (Appeals) but the department has gone on appeal to I.TAT. on demand of Rs.2,06,851/-.

2 a. Capital Commitments Nil

b. Contingent Liabilities Nil

3 Additional information to the provisions of paragraph 3 & 5 of Part II of Schedule VI to the Companies Act 1956:

Current Year Previous Year

a Licenced capacity Not Applicable Not Applicable

b Installed capacity The Company will be manufact- uring various products on versa- tile machines and hence, the installed capacity cannot be ascertained.

c Production and Sales of Finished Goods

 
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