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Notes to Accounts of Unisys Software & Holding Industries Ltd.

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 –

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 –

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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