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Notes to Accounts of Vaishno Cement Company Ltd.

Mar 31, 2015

Note 1: segment information (as-17)

During the year company has not carried out any business activity and hence Segment Information reporting is not applicable.

note 2 : Related party disclosure

Related party disclosures, as required by AS – 18, "Related Party Disclosures" are given below:

a) Relationships

a) key management personnel

- Rajkumar Jaiswal

b) Related parties where common control exists

Name of the Companies where the directors can exercise the control

- Ritesh Industries Pvt Ltd

- Jaiswal Land & Development Pvt Ltd

- RITESH HOTEL & HOMES PVT LTD

- RJB Constructions Private Limited

- Shri Vinayak Land Owners Private Limited

- Bhagwati Plastoworks Private Limited

- Credi Howrah - Hogli

- Topsell Vinimay Pvt Ltd

- A & J Main & Co (Engineers) Pvt Ltd

- Intaglio Projects Private Limited

- Witness Real Estate Private Limited

- Dobson Properties LLP

c) directors

Mr. Rajkumar Jaiswal - Managing Director

Mr. Pramod Kumar Agrawal - Director

Mr. Rama Shankar Thakur - Director (Resigned)

Mr. Vijay Jaideo Poddar - Independent Director

Mr. Girdhar S. Bansal - Independent Director

Mrs. Sarita Agarwal - Independent Director

note 3: earnings per share

No potential Equity Shares were outstanding as on 31.03.2015 and hence Basics and Diluted Earnings per Shares are same.

note 4 : Balances of Sundry Debtors, Unsecured Loans, Sundry Creditors and Loans & Advances are subject to reconciliation, since confirmations have not been received from them. Necessary entries shall be passed on the receipt of the same if required.

note 5 : In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

note 6 : There are no outstanding payment to suppliers under the Micro, Small and Medium Enterprises Development Act, 2006.

note 7 : Contingent Liabilities & provisions

In view of the management there are no contingent liabilities and commitments against the company.

note 8 : deferred taxes

During the year there are no transactions leading to timing differences and hence no deferred tax asset or liability has been recognized in the books.

note 9: Previous year's figures have been grouped/ regrouped, arranged/rearranged wherever necessary to make them comparable


Mar 31, 2014

1. i) The Company has only one class of shares referred to as equity shares having par value of Rs. 10/- each

ii) Details of shares held by each shareholder holding more than 5% shares:

Note 2. : Segment Information (AS-17)

During the year company has not carried out any business activity and hence Segment Information reporting is not applicable.

Note 3: Earning Per Share

No Potential Equity Shares were outstanding as on 31.03.2014 and hence Basics and Diluted Earning Per Shares are Same.

Note 4: Balances of Sundry Debtors, Unsecured Loans, Sundry Creditors and Loans & Advances are subject to reconciliation, since confirmations have not been received from them. Necessary entries shall be passed on the receipt of the same if required.

Note 5: In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

Note 6: The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid/payable as required under the said Act have not been made.

Note 7: Contingent Liabilities & Provisions

In view of the management there are no contingent liabilities and commitments against the company.

Note 8: Deferred taxes

During the year there are no transactions leading to timing differences and hence no deferred tax asset or liability has been recognised in the books.

Note 9: Previous year''s figures have been grouped/ regrouped, arranged/rearranged wherever necessary to make them comparable.


Mar 31, 2012

1.1 Related Parties Disclosures (As per Accounting Standard 18)

1. Relationship

a. Wholly Owned Company - Not Any

b. Associate Company - None

c. Company under the Common Control of Promoters - Not Any

d. Key Management Personnel

R. K. Jaiswal

2. Transactions

There has been no related parties transactions during the year under review.

1.2 Disclosure for Payment to Micro, Small & Medium Enterprises

The Company has not received any intimation from their suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to the amount unpaid as at the year end together with interest paid / payable as required under the said Act, have not been given.

Note : 1.3

The revised Schedule VI has been become effective from 1st April 2011 for the preparation of Financial Statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous Years' figures have been regrouped/re-classified wherever necessary to the correspond with the current year classifications / disclosures.


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.

2. 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 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.

3. Previous years' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

We have verified the attached Cash Flow Statement of M/s. Vaishno Cement Company Limited, derived from Audited Financial Statements and the books and records maintained by the Company for the year ended on 31st March 2011 and found the same in agreement there with.

 
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