Mar 31, 2015
Other Notes & Additional Information Forming part of Financial
Statements
a) In the opinion of the management, current assets, loans and advances
and other receivables have realizable value of at least the amounts at
which they are stated in the accounts.
b) Previous year figures have been restated to conform to the
classification of the current year.
c) Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors
are Loans & Advances are subject to reconciliation, since conformations
have not been received from them. Necessary entries will be passed on
receipt of the same if required.
d) The company has not provided for Gratuity and Leave Encashment to
Employees on accrual basis, which is not in conformity with AS-15
issued by ICAI. However, in the opinion of management the amount
involved is negligible and has no impact on Statement of Profit & Loss.
Provisions, Contingent Liabilities & Contingent Assets
1. Disclosures in terms of Accounting Standards (AS 29) Provisions,
Contingent Liabilities and Contingent Assets issued by the Institute of
Chartered Accountants of India :
2. The Company creates a provision when there is a present obligation
as a result of past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the
obligation.
3. A disclosure for a contingent liability is made when there is a
possible obligation or present obligation that probably will not
require an outflow of resources or where reliable estimate of the
amount of the obligation cannot be made.
4. Contingent Assets are neither recognized nor disclosed.
Segment Report
5. Based on the Similarity of activities, risks and reward structure,
organization structure and internal reporting systems, the Company has
structured its operations into the following Segment :- a. Trading in
Software & Hardware Products
b. Investments in Capital Market & Mutual Fund related activities
Contingent Liabilities
6. Contingent Liabilities not provided for  Rs. Nil
Related party Transactions
7. Key Management Personnel Â
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Director
c. Mr. Naresh Sharma - CFO
d. Ms. Vijay Laxmi Purohit - Company Secretary & Compliance Officer
8. Subsidiary Company  Not Any
9. Group Companies or Companies under same management Â
1. Blue Circle Services Limited
2. Prime Capital Market Limited
3. JMD Telefilms Industries Limited
4. Scan Infrastructures Limited
5. Warner Multimedia Limited
10. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
11. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2015. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
12. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2014
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for -Rs. Nil
Particulars of Director''s Remuneration (In Rs.)
3. Rs. Nil has been paid to Directors as Remuneration for the Year
apart from Directors sitting fees. (P.Y.Rs. Nil)
Related Party Transactions
4. Key Management Personnel -
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Executive Director
5. Subsidiary & Group Companies or Companies under same management -
Not Any.
Differed Tax on Income
6. Differed Tax Asset (Net) for the year ended 31st March 2014 amounts
to Rs. 16,00,037/-
7. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
8. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at 31st March 2014. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
10. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
11. Rights, Preference and Restrictions attached to Equity Shares
The Company has one class of Equity Shares having a par value of Rs.
10/- each. Each shareholder is eligible to one vote per share held.
12. Notes:
1. As defined in paragraph 2(1) (xii) of the Non-Banking
Financial Companies of acceptance of Public Deposits (Reserve Bank)
Directons 1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking (Non- Deposit Accepting or Holding) Financial Companies
Prudential Norms (Reserve Bank) Directors 2007.
3. All Accounting Standards and Guaidance Notes issued by the ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt. However market value in
respect of quoted investments and break-up / fair value/ NAV in respect
of unquoted investments should be disclosed irrespective of whether
they are classified as long term current in column (5) above.
Mar 31, 2013
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for - Rs. Nil
Particulars of Director''s Remuneration (In Rupees)
3. Rs. Nil has been paid to Directors as Remuneration for the Year
apart from Directors sitting fees. (P.Y. Rs. Nil)
Related Party Transactions
4. Key Management Personnel -
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Executive Director
5. Subsidiary & Group Companies or Companies under same management -
Not Any.
Differed Tax on Income
6. Differed Tax Asset (Net) for the year ended 31st March 2013 amounts
to Rs. 12,88,000/-
7. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
8. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2013. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
10. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2012
Provisions, Contingent Liabilities & Contingent Assets
Disclosures in terms of Accounting Standards (AS 29) Provisions,
Contingent Liabilities and Contingent Assets issued by the Institute of
Chartered Accountants of India :- 12. The Company creates a provision
when there is a present obligation as a result of past event that
probably requires an outflow of resources and a reliable estimate can
be made of the amount of the obligation.
1. A disclosure for a contingent liability is made when there is a
possible obligation or present obligation that probably will not
require an outflow of resources or where reliable estimate of the
amount of the obligation cannot be made.
2. Contingent Assets are neither recognized nor disclosed. NBFC
Companies
3. Information as required in terms of paragraph 13 of Non Banking
Financial (Non Deposit accepting or holding) Companies Prudential Norms
(Reserve Bank) Directions, 2007 is given in separate annexure.
Others
4. None of the Raw Materials, Stores, Spares and Components consumed
or purchased during the year have been imported.
5. None of the Earnings / Expenditures is in Foreign Currency.
6. Balance of Debtors, Creditors, Deposits, Loans and Advances are
subject to confirmation.
7. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value stated if realized in the ordinary
course of business. The provision for depreciation and all known
liabilities are adequate and not in excess of the amounts reasonably
necessary.
8. Investments of the Company have been considered by the management
to be of a long term nature and hence they are long term investments
and are valued at cost of acquisitions.
9. Segment reporting as defined in Accounting Standard 17 as the
Company was primarily engaged in the business of Software and hardware
and Mobile phones trading. (Segment Report as under).
10. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
11. Contingent Liabilities not provided for - Rs. Nil Particulars of
Director's Remuneration (In Rupees)
12. Rs. 1.43 lacs has been paid to Directors as Remuneration for the
Year apart from Directors sitting fees. ( P. Y. Rs. 1.38 lacs)
Related Party Transactions
13. Key Management Personnel -
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Executive Director
14. Subsidiary & Group Companies or Companies under same management -
Not Any.
15. Differed Tax Asset (Net) for the year ended 31st March 2012
amounts to Rs. 14,49,000/-
16. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
17. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2012. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
18. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
19. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2011
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for - Rs Nil
Particulars of Director's Remuneration (In Rupees)
3. Rs. Nil has been paid to Directors as Remuneration for the Year
apart from Directors sitting fees. (P.Y. Rs. Nil)
Related Party Transactions
4. Key Management Personnel -
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Executive Director
5. Subsidiary & Group Companies or Companies under same management -
Not Any.
Differed Tax on Income
6. Differed Tax Asset (Net) for the year ended 31st March 2011
amounts to Rs 14,49,000/-
7. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
8. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2011. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
10. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
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