Mar 31, 2018
1. COMPANY INFORMATION
Viaan Industries Limited (The Company) is a Public Limited company domiciled in India and incorporated under the provisions of The Companies Act 1956 (at present Companies Act 2013). The Company is into trading activities of commodities, electronics goods & development of mobile based games application and animated films which are sold in India and abroad during 2017-18. The Company has wholly owned subsidiary Company in Dubai (UAE) which is doing trading activities has earned substantial revenue and profit during 2017-18.
Share Capital
Rights, Preferences and Restrictions Attached to Shares
The Company has only one class of shares referred to as equity shares having a par value of Rs. 1/- per share.
Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The Company has not proposed any dividend during the year.
As per the Companies Act, 2013, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However no such preferential amounts exist currently. The distribution will be in propotion to the number of equity shares held by shareholders.
During the year the Company has issued 1465500 Equity Shares of Rs.1 each fully at a premium of Rs.28/-each fully paid.
(During the previous year the Company has issued the Bonus Shares in the ratio 2:1 (Two Equity shares of Rs.1 / - each fully paid for every one equity share held) The Company Company has also subdivided its equity of Rs.10/- each into Rs.1 each fully paid shares. All these shares rank paripassu.)
2. NOTES TO ACCOUNTS
2.1 Earnings in Foreign Currency Rs. 1,31,65,228/
2.2 Expenditure in Foreign Currency Rs. 78,14,140/
2.3 Disclosure under the Micro, Small and Medium Enterprises Development Act 2006(MSMED Act) are provided as under for the year to the extent the Company has received intimation from the suppliers regarding the status under the Act.
The Company has not received any intimation from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, required under the said Act have not been made.
2.4 Earnings Per Share
Calculation of Earning Per Share (EPS) in accordance with the Accounting Standard (AS-20) issued by the ICAI. Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.
2.6 In the opinion of the Board and to the best of their knowledge and belief, all current assets, loans and advances have a value, on realization, in the ordinary course of business equal to the amount at which these are stated, all known liabilities are provided for, at their full values unless otherwise stated, and potential liabilities are recognized to the extent they are deemed likely to crystallize.
2.7 There are no contingent liabilities in the company.
2.8 The company has issued 14, 65,500 Fully Convertible Debantures @ Rs.29 / - per debenture. The debentures are to be converted into Equity share after one year from the date of issue of Debentures
2.9 Previous yea/s figure have been regrouped and rearranged to make it comparable with the current year''s figures. Figures in bracket represent the figures pertains to previous year.
Mar 31, 2016
Note No.: 1 Share Capital
Rights, Preferences and Restrictions Attached to Shares
The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The Company has not proposed any dividend during the year.
As per the Companies Act, 1956, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However no such preferential amounts exist currently. The distribution will be in proportion to the number of equity
Notes to Accounts:
2. Earnings in Foreign Currency Rs. NIL
Expenditure in Foreign Currency Rs.83,13,183/-
3. Disclosure under the Micro, Small and Medium Enterprises Development Act 2006(MSMED Act) are provided as under for the year to the extent the Company has received intimation from the suppliers regarding the status under the Act.
The Company has not received any intimation from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, required under the said Act have not been made.
4. Earnings Per Share
Calculation of Earning Per Share (EPS) in accordance with the Accounting Standard (AS-20) issued by the ICAI. Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.
5. In the opinion of the Board and to the best of their knowledge and belief, all current assets, loans and advances have a value, on realization, in the ordinary course of business equal to the amount at which these are stated, all known liabilities are provided for, at their full values unless otherwise stated, and potential liabilities are recognized to the extent they are deemed likely to crystallize.
6. All balances in respect of sundry debtors, creditors, advances, payables are subject to confirmations and reconciliations, if any.
As per our separate report of even date attached.
Mar 31, 2015
1. COMPANY INFORMATION
The Hindusthan Safety Glass Industries Limited (The Company) is a
Public Limited company domiciled in India and incorporated under the
provisions of T he Companies Act.
The Company has only one class of shares referred to as equity shares
having a par value of Rs. 10/- per share. Each holder of equity shares
is entitled to one vote per share. The Company declares and pays
dividends in Indian Rupees. The Company has not proposed any dividend
during the year.
As per the Companies Act, 1956, the holders of equity shares will be
entitled to receive remaining assets of the Company, after distribution
of all preferential amounts in the event of liquidation of the Company.
However no such preferential amounts exist currently. The distribution
will be in proprtion to the number of equity shares held by the
shareholders.
2. Earnings in Foreign Currency Rs. NIL
Expenditure in Foreign Currency Rs. NIL
3. Disclosure under the Micro, Small and Medium Enterprises
Development Act 2006(MSMED Act) are provided as under for the year to
the extent the Company has received intimation from the suppliers
regarding the status under the Act.
The Company has not received any intimation from its vendors regarding
their status under Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosure, if any, required under the said Act have not
been made.
4. Earnings Per Share
Calculation of Earning Per Share (EPS) in accordance with the
Accounting Standard (AS-20) issued by the ICAI. Basic earnings per
share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of
equity shares outstanding during the period.
5. SEGMENT REPORTING
The Company operates mainly in one segment, hence in pursuance to the
requirement of Accounting Standard 17 issued by The Institute of
Chartered Accountants of India the segments are separately reportable.
6. In the opinion of the Board and to the best of their knowledge and
belief, all current assets, loans and advances have a value, on
realization, in the ordinary course of business equal to the amount at
which these are stated, all known liabilities are provided for, at
their full values unless otherwise stated, and potential liabilities
are recognized to the extent they are deemed likely to crystallize.
7. All balances in respect of sundry debtors, creditors, advances,
payables are subject to confirmations and reconciliations, if any.
8. Related Party Disclosures
a) List of Related Parties and Relationships
Name of the Party Relation
1. Nandanadan Mishra Additional Director
2. Pradeep Shah Additional Director
3. Ripu Sudan Kundra Additional Director
4. Darshit Shah Additional Director
5. Shilpa Shetty Kundra Relative of the Director Ripu Sudan
Kundra
6. Best Deal TV Common Director
7. Essential Bulk Commodities Pvt Common Director
Ltd
Mar 31, 2014
1. Rights, preferences and restrictions attached to Shares
The Company has only one class of shares referred to as equity shares
having a par value of Rs. 10/- per share, Each holder of equity shares
Is entitled to one vote per share. The Company declares and pays
dividends In Indian Rupees. The Company has not proposed any dividend
during the year.
As par the Companies Act, l956, The holders of equity shares will be
entitled to receive remaining assets of the Company, after distribution
of all preferential amounts In the event of liquidation of the company.
However no such preferential amounts exist currently. The distribution
will be in proportion to the number of equity shares held by the
shareholders.
2. Disclosure under the Micro, Small and Medium enterprises
Development Act, 2006 (MSMED Act) are provided as under for the year
2011-12, to the extent the Company has received Intimation from the
"Suppliers" regarding their status under the Act
The company has not received any intimation from Its vendors regarding
their status under Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosures, If any, required under the said Act have
not been made.
3. SEGMENT REPORTING
The Company operates mainly in one segment, hence in pursuance to the
requirements of Accounting Standard 17 isued by the Institute of
Chartered Accountants of India the segments are not separately
reportable.
Mar 31, 2013
BASIS OF PREPARATION
The Company maintains its accounts on accrual basis following the
historical cost convention in accordance with Generally Accepted
Accounting Principles (GAAP) in India, in compliance with the
provisions of the Companies Act, 1956 and the Accounting Standards as
specified in the Companies (Accounting Standards) (Second Amendment)
Rules, 2011, prescribed by the Central Government. Management evaluates
all recently used or revised accounting standards on an ongoing basis.
The accounting policies adopted in the preparation of financial
statements are consistent with those of previous year, except for the
change in accounting policy explained below.
(i) Operating Leases
Leases, where the lessor effectively retains substantially all the
risks and benefits of ownership of the leased item, are classified as
Operating lease. Operating lease payments are recognised as an expense
in the statement of profit and loss on a straight-line basis over the
lease term.
(ii) Earnings Per Share
The Company reports Basic and Diluted earnings per equity share in
accordance with the Accounting Standard - 20 on Earning Per Share. In
determining earning per share, the Company considers the net profit
after tax and includes the post tax effect of any
extraordinary/exceptional items. The number of shares used in computing
basic earnings per share is the weighted average number of equity shares
outstanding during the period. The numbers of shares used in computing
diluted earnings per share comprises the weighted average number of
equity shares that would have been issued on the conversion of all
potential equity shares. Dilutive potential equity shares have been
deemed converted as of the beginning of the period, unless issued at a
later date.
Provision for Current
(iii) and Deferred Tax
Provision for current Income Tax and Wealth Tax are made after taking
into consideration benefits admissible under the provisions of the
Income Tax Act, 1961. Deferred Tax resulting from "timing difference"
between book and taxable profit is accounted for using the tax rates
and laws that are enacted or substantively enacted as on the balance
sheet date. The deferred tax asset is recognised and carried forward
only to the extent that there is a reasonable certainty that sufficient
future taxable income will be available against which such deferred tax
asset can be realized.
Provision, Contingent Liabilities
(iv) and Contingent Assets
Provisions involving substantial degree of estimation in measurement
are recognised when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognised but are disclosed in the
notes. Contingent Assets are neither recognised nor disclosed in the
financial statements.
Mar 31, 2012
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  Nil Particulars of
Director''s Remuneration (In Rs.000)
3. No amount has been paid to any of Directors towards Directors''
Remuneration for the Year 2011-12.
Related Party Transactions
4. Key Management Personnel Â
1. Mr. Pankaj Bubna - Executive Director
2. Mr. Shyama Charan Kumar - Director
3. Mr. Vikram Agarawal - Director
4. Ms. Anita Sharma Company Secretary
Subsidiary & Group Companies or Companies under same management Â
5. Company under same Management  Not Any
Differed Tax
6. The differed tax has not been recognized in financial statement
during the year under review.
7. Earning per Equity Share
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.
8. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2009
1. In Compliance with accounting standard for Earning per share
(AS-20) issued by The Institute of charted accountants of India. The
company has calculated EPS. As there is no diluted elements involved
basis EPS and diluted EPS are same. The EPS calculation is as follows:-
31.03.09 31.03.08
Nos. of shares at the beginning 245070 245070
Weighted Average Number of Shares 245070 245070
Net profit after tax 20117.31 (15014.31)
Basic Earnings Per Share (0.08) (0.06)
2. Related party disclosure as required by Accounting Standard (AS-18)
issued by The Institute of Chartered Accountants of India are as
follows:- Description Enterprises over which KMP and their relatives
have sustainable interest
3. The timing difference relating to unabsorbed brought forward losses
for the period up to 31st March, 2009 and for the year under audit may
result in Net Deferred Tax Asset or Liabilities, the amount whereof has
not been ascertained and stated by management as per AS 22 issued by
ICAI. Accordingly the company has not recognized in these accounts
deferred tax. Accordingly AS 22remain uncomplied.
4. Impairment of Assets
The Company assesses at each Balance sheet date weather there is any
indication that an asset may be impaired. If any such indication
exists, the company estimates the recoverable amount of the asset. If
such recoverable amount of the asset or recoverable amount of the
cash-generating unit to which the asset belongs is less than its
carrying amount, the carrying amount is reduced to its recoverable
amount.
The reduction is treated as an important loss and is recognized in the
profit and loss Account. If at the Balance Sheet date there is an
indication that a previously assessed impairment loss no longer exists,
the recoverable amount is re-assessed and the asset is reflected at
recoverable amount.
5. Information pursuant to the provision of paragraph 3, 4C & 4D of
Part II of the Schedule VI of the companies act, 1956are not
applicable.
6. Previous year''s figure has been regrouped /rearranged wherever
considered necessary.