Mar 31, 2015
1. Dues to Micro and Small enterprises
There are no suppliers who are registered with the Company as micro or
small enterprise as defined under "The Micro, Small and Medium
Enterprise Development Act, 2006". The information regarding the status
of suppliers as micro or small enterprise have been determined on the
basis of information available with the Company. This has been relied
upon by the auditors.
2. PRINCIPLES OF CONSOLIDATION
The Financial statements of UNNO INDUSTRIES LIMITED with audited
financial statement of its subsidiaries as described in Note no 17.5
have been considered for the purpose of consolidation.
The financial statements of the parent company and its subsidiary as
described in Note no.17.5 have been combined to the extent possible on
a line by line basis by adding together like items of assets,
liabilities, income and expenses. The result of subsidiaries acquired
or disposal off during the year are included in the consolidated profit
& loss account from the effective date of acquisition or up to the
effective date of disposal, as appropriate. All significant intra group
balances and transaction have been eliminated on consolidation. The
amount shown in respect of reserves comprise the amount of the relevant
reserve as per the balance sheet of the parent company and share in the
post  acquisition increase in the relevant reserve of the
subsidiaries.
The consolidation financial statements have been prepared using uniform
accounting policies for like transactions and other event in similar
circumstances and are presented to the extent Possible, in the same
manner as the parent company's financial statements.
Mar 31, 2014
1.1 Dues to Micro and Small enterprises
There are no suppliers who are registered with the Company as micro or
small enterprise as defined under "The Micro, Small and Medium
Enterprise Development Act, 2006". The information regarding the status
of suppliers as micro or small enterprise have been determined on the
basis of information available with the Company. This has been relied
upon by the auditors.
1.2 a. List of Related Party
Nature of relationship
ALOK TODI Key Managerial Personnel
BHAIRU RATAN OJHA
INFRASTIL TRADING PRIVATE LIMITED
SANDHYA PROJECTS LIMITED
LINE-ONE TRADING PRIVATE LIMITED
MANAN DEALMARK PRIVATE LIMITED Associate companies
ROSHAN DELMARK PRIVATE LIMITED
DEVADEVA SECURITIES PRIVATE LIMITED
MASTAK COMMODITIES PRIVATE LIMITED
SANSKAAR MARCOM PRIVATE LIMITED
Mar 31, 2013
1.1 Corporate Information
UNNO INDUSTRIES LIMITED (the Company) is a leading Non Banking Finance
Company, Registered with Reserve Bank of India and was incorporated on
4th August, 1992. The Company provides financial support to emerging
business entrepreneurs.
1.2 Basis of Preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The company has prepared these financial statements to
comply in all material respects with the accounting standards notified
under the Companies (Accounting Standards) Rules, 2006 (as amended) and
the relevant provisions of the Companies Act 1956. The Financial
statements have been prepared on an accrual basis. The accounting
policies adopted in the preparation of financial statements are
considered with those of previous year, except for the change in
accounting policy explained below.
1.3 Dues to Micro and Small enterprises
There are no suppliers who are registered with the Company as micro or
small enterprise as defined under "The Micro, Small and Medium
Enterprise Development Act, 2006". The information regarding the status
of suppliers as micro or small enterprise have been determined on the
basis of information available with the Company. This has been relied
upon by the auditors.
1.4 Scheme of Arrangement
(i) A Composite Scheme of Arrangement ("the Scheme") between UNNO
INDUSTRIES LTD. and Pinnacle Vintrade Limited ("PVL") and Basukinath
RealEstate Limited ("BREL") and Baviscon Vincom Limited ("BVL") under
Sections 391 to 394 of the Companies Act, 1956 for amalgamation of PVL
and BRL and BVL with the Company into the Company has been sanctioned
by the High Court of Maharashtra at Mumbai on 18th Jan 2013. The Scheme
has become effective from the appointed date 1st April 2012.
(ii) Pursuant to the Scheme, all the assets, liability and reserves of
PVL & BREL & BVL have transferred to and vested in the Company as a
going concern with effect from the appointed date 1st April 2012.
a. The amalgamation has been accounted for under the "Pooling of
Interest Method" as per AS 14. Accordingly, as on appointed date, all
the assets and liabilities have been taken at their book value and all
the reserves identity has been preserved and added to identical
reserves of UNNO INDUSTRIES LTD. The liabilities have been accounted
for on their book value basis of accrual and certainty as decided by
the management. However, as per the scheme the difference between Net
asset value and equity shares issued to shareholders of transferor
companies shall be recorded as Capital Reserve or goodwill.
b. As consideration for the amalgamation, the Company has during the
year issued and allotted 14,29,98,750 Equity Shares of Re 1/- each
fully paid up in the ratio of 1.08 Equity Share of 1/- each of UNNO for
every 1 (One) Equity Shares of Rs 1/- each of BREL in the Capital of
the Company, and 4,10,00,000 Equity Shares of Rs 1/- each fully paid up
in the ratio of 1.11 Equity Share of 10/- each of UNNO for every 1
(One) Equity Shares of Rs 1/- each of BVL in the Capital of the Company
and 11,19,30,000 Equity Shares of Rs 1/- each fully paid up in the
ratio of 1.08 Equity Share of 1/- each of UNNO for every 1 (One) Equity
Shares of Rs 1/- each of PVL in the Capital of the Company.
c. The difference between the net asset value i.e Book value of Assets
minus liabilities (including reserves) of the transferor companies as
on the appointed date and equity shares issued to the shareholders of
transferor companies on amalgamation by the transferee company of Rs.
3,85,449 has been credited to goodwill account at the time of allotment
of shares.
Mar 31, 2012
Company overview
Unno Industries Limited (the Company) is a leading Non Banking Finance
Company, Registered with Reserve Bank of India and was incorporated on
4th August, 1992. The Company provides financial supports to emerging
business entrepreneurs.
Amounts in the financial statements are presented in 'Rs.' Lacs, except
for per share data and as otherwise stated. All exact amounts are
stated with the suffix. '/-'.
Previous year's figures have been rearranged and regrouped wherever
considered necessary
NOTES FORMING PART OF ACCOUNTS
Note No-1 : Other Notes & Disclosers
(i) In the opinion of Board, Current Assets, Loans & Advances have a
value of realization in the ordinary course of business, at least equal
to the amount at which they are stated.
(ii) Previous year's figures have been rearranged and regrouped
wherever considered necessary. Figures have been rounded off to the
nearest rupees.
(iii) Prior year's adjustments are shown net of Income, if any.
(iv) No transaction was effected during the period ended on 31st March
2012 with the small scale Industrial Undertaking and outstanding to
small scale Industrial undertaking as at the year end was Nil
(v) No commission is payable to Directors/Managing Director and hence
Computation of Net Profit in accordance with Section 198, 309 and 349
of the Companies Act, 1956 has not been given.
(vi) CIF value of Imports, Earnings in Foreign Exchange, Remittance in
Foreign Exchange, Expenditure in Foreign Exchange is NIL
(vii) Directors Remuneration
a. Salary : NIL
b. Value of perquisites : NIL
Note No. 2 : RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD-18:
a. Related parties where
control exists None
b. Key Management Personnel Shri Narendra Kumar Gangwal, Managing
Director, Shri Pradeep Patni, Whole
Time Director Shri Alok Todi,
Shri Pawan Dalmia, Shri Rakesh K.
Mishra, (Independent Directors)
c. Relative(s) of Key
Management Personnel : Mr. Pranay Gangwal, Mrs. Prerna Jain,
Mrs. Priti Jain, Mr. Rahul Jain,
Prateek Jain, Nirmala Jain, Pramila
Jain, Pradeep Patni HUF, Shilpi
Gangwal.
d. The above information regarding related parties have been determined
to the extent such parties have been identified on the basis of
information available with the company.
Mar 31, 2010
1. Previous years figures have been rearranged and regrouped wherever
considered necessary. Figures have been rounded off to the nearest
rupees.
2. No transaction was effected during the period ended on 31st March
2010 with the small scale Industrial Undertaking and outstanding to
small scale Industrial undertaking as at the year end was Nil
3. No commission is payable to Directors/Managing Director and hence
Computation of Net Profit in accordance with Section 198, 309 and 349
of the Companies Act, 1956 has not been given.
4. C1F value of Imports : NIL
5. Earnings in Foreign Exchange : NIL
6. Remittance in Foreign Exchange : NIL
7. Expenditure in Foreign Exchange : NIL
8. Directors Remuneration
a. Salary : NIL
b. Value of perquisites : NIL
9. Provision for current Income tax is Nil as per provisions of the
Income Tax Act. 1956.
10. During the year the Net Deferred Tax assets of Rs. 22.89 lakhs as
at 31.3.2010 has been recognised in books of accounts, as recommended
under accounting standard (AS)-22 on "Deferred Taxation " issued by the
Institute of Chartered Accountants of India. The net Deferred tax
Assets comprises of the following components :
Deferred Tax Asset has been recognized on carry forward of Business
Losses and unabsorbed depreciation on the assumption that the company
would make profit in coming years and set off such losses.
11. Segmental Reporting
The Business segment has been considered as the primary segment for
disclosure. The category Included in each of the reported business
segment are as follows:
a. Loans to parties
b. Share Trading
The above business segment have been identified considering
1. The nature of service
2. The deferring risk and return
Revenues and expenses have been accounted tor based on the basis of
their relationship to the operating activities of the segment. Revenues
and expenses, which related to the enterprise as a whole and arc not
allocable to segments on a reasonable basis have been included under un
allocable Assets / Liabilities.
12. Related Party Transaction :
a. Related parties where
control exists : None
b. Key Management Personnel : Mr Narendra Kumar Gangwal, Managing
Director
: Mr. Pradeep Patni, Non- Executive
Director
c. Relative(s)of Key
Management Personnel : Mr. Pranay Gangwal, Mrs.
Prerna Jain. Mis. Priti Jain.
Rahul Jain,
Prateek Jain, Nirmala Jain, Pramila
Jain, Pradeep Patni HUF, Shilpi
Gangwal,
d. The above information regarding related parties have been determined
to the extent such parties have been identified on the basis of
information available with the company.
V Generic Names of three principal Product/Services of the company
(as per monetary terms)
Item Code No.(ITC Code) N.A.
Product Description Non Banking Financial Company,
Investments & Share Trading
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