Mar 31, 2013
1. Cash Flow Statement:
a) The Statement Has been prepared under indirect method except in case
of dividends, sale/purchase of investments and taxes which have been
considered on the basis of actual movement of case, with corresponding
adjustment in assets and liabilities as set out in the Accounting
Standard- 3 issued by ICAI.
b) Cash and cash equivalents represent cash and bank balances only
2. Segment Reporting
The Companies core activity is to investment, sale/purchases of Shares.
This is the only business segment as per Accounting Standard-17 issued
by the Institute of Chartered Accountants of India.
3. Contingent Liabilities
As certified by the management there is no Contingent liability as on
31/03/2013.
4. Related Party Disclosure:
In accordance with the requirements of Accounting Standards (AS) - 18
on Related Party Disclosures, the names of the related parties where
control exists and/or with whom transactions have taken place during
the year and descriptions of relationships, as identified and certified
by the management, are:
I. Key Management Personnel
Mr. SUNIL KUMAR AGARWAL (Chairman and Non Executive Independent);
- Mr. SANTOSH KUMAR YADAV (Managing Director and Executive);
- Mr. VINOD KUMAR JAIN (Non Executive Independent); and Mr. AMITAGGARWAL
(Non Executive Independent).
II. As informed by the management there was no related party
transactions made during the year.
5. Previous years'' figures have been regrouped, rearranged and
recasted wherever considered necessary to make them comparable with the
current year''s figures.
6. In the opinion of the Board of Directors and to the best of their
knowledge and belief the realizable value of Current Assets, Loans and
Advances in ordinary course of business is not less than the value
stated in the Balance Sheet.
7. Due to Small Scale Undertakings exceeding Rs. 1.00 lakh overdue for
more than 30 days - Nil
8. The additional Information pursuant to revised Schedule VI to the
Companies Act, 1956 are either Nil or Not Applicable.
Mar 31, 2012
1. Cash Flow Statement:
a) The Statement Has been prepared under indirect method except in case
of dividends, sale/purchase of investments and taxes which have been
considered on the basis of actual movement of case, with corresponding
adjustment in assets and liabilities as set out in the Accounting
Standard- 3 issued by ICAI.
b) Cash and cash equivalents represent cash and bank balances only
2. Segment Reporting
The Companies core activity is to investment, sale/purchases of Shares.
This is the only business segment as per Accounting Standard-17 issued
by the Institute of Chartered Accountants of India.
3. Contingent Liabilities
As certified by the management there is no Contingent liability as on
31/03/2012.
4. Related Party Disclosure:
In accordance with the requirements of Accounting Standards (AS) - 18
on Related Party Disclosures, the names of the related parties where
control exists and/or with whom transactions have taken place during
the year and descriptions of relationships, as identified and certified
by the management, are:
I, Key Management Personnel
- Mr. SUNIL KUMAR AGARWAL (Chairman and Non Executive Independent):
- Mr. SANTOSH KUMAR YADAV (Managing Director and Executive);
- Mr. VINOD KUMAR JAIN (Non Executive Independent); and
- Mr.AMIT AGGARWAL (Non Executive and Non independent).
II. As informed by the management there was no related party
transactions made during the year.
5. In the opinion of the Board of Directors and to the best of their
knowledge and belief the realizable value of Current Assets, Loans and
Advances in ordinary course of business is not less than the value
stated in the Balance Sheet.
6. Due to Small Scale Undertakings exceeding Rs. 1.00 lakh overdue for
more than 30 days - Nil
7. The additional Information pursuant to revised Schedule VI to the
Companies Act, 1956 are either Nil or Not Applicable.
8. The financial statements for the year ended 31st March, 2011 were
prepared as per then applicable, pre- revised Schedule VI to the
Companies Act, 1956. Consequent to the notification of Revised Schedule
VI under the Companies Act, 1956, the financial statements for the year
ended 31st March, 2012 are prepared in compliance with the Revised
Schedule VI. Accordingly, the previous year figures have also been
reclassified/regrouped to conform to current year's classification. The
adoption of Revised Schedule VI for previous year figures does not
impact recognition and measurement principles followed for preparation
of the financial statements.
Mar 31, 2010
1. Contingent Liabilities
As certified by the management there is no Contingent liability as on
31/03/2010.
2. Related Party Disclosure:
As per AS-18 issued by the ICAI Management identified that no Related
Party Transaction made during the Year.
3. Previous years figures have been regrouped, rearranged and
recasted wherever considered necessary to make them comparable with the
current years figures.
4. In the opinion of the Board of Directors and to the best of their
knowledge and belief the realizable value of Current Assets, Loans and
Advances in ordinary course of business is not less than the value
stated in the Balance Sheet.
5. Due to Small Scale Undertakings exceeding Rs. 1.00 lac overdue for
more than 30 days - Nil
Mar 31, 2008
Not Available