Mar 31, 2016
The company has one class of Equity shares having a par value of Rs. 1/- each. Each shareholder is eligible to one vote per share held.
In the Event of Liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
On 27th November 2015, the shares of the company had been split from Rs. 10/- per share to Re.1/- per share after receiving all the necessary approvals from the shareholders and regulatory authorities.
1. ADDITIONAL INFORMATION DISCLOSED AS PER PART II OF THE COMPANIES ACT, 2013: NIL
2. SEGMENT REPORTING
The company is primarily engaged in the single business of Trading in FMCG products and there is no reportable secondary segment i.e. geographical segment. Hence, the disclosure requirement of Accounting Standard-17 âSegment Reportingâ as notified by Companies (Accounting Standards) Rules, 2006 (as amended) is not applicable.
3. AMOUNT DUE FROM DIRECTORS/PARTIES/COMPANIES IN WHICH DIRECTOR IS INTERESTED, IN TERMS OF SECTION 185 OF THE COMPANIES ACT, 2013 : NIL
4. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE, THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
5. PREVIOUS YEAR''S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO CONFIRM TO CURRENT PERIOD''S CLASSIFICATION.
Mar 31, 2015
1. CONTINGENT LIABILITIES & COMMITMENTS : NIL
2. ADDITIONAL INFORMATION DISCLOSED AS PER PART II OF THE COMPANIES
ACT, 2013: NIL
3. SEGMENT REPORTING
The company is primarily engaged in the single business of Trading in
FMCG products and there is no reportable secondary segment i.e.
geographical segment. Hence, the disclosure requirement of Accounting
Standard-17 "Segment Reporting" as notified by Companies (Accounting
Standards) Rules, 2006 (as amended) is not applicable.
4. AMOUNT DUE FROM DIRECTORS/PARTIES/COMPANIES IN WHICH DIRECTOR IS
INTERESTED, IN TERMS OF SECTION 185 OF THE COMPANIES ACT, 2013 : NIL
5. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO
CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE,
THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
6. PREVIOUS YEAR'S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO
CONFIRM TO CURRENT PERIOD'S CLASSIFICATION.
7. CONSEQUENT TO THE ENACTMENT OF THE COMPANIES ACT, 2013 (THE ACT)
AND ITS APPLICABILITY FOR ACCOUNITNG PERIODS COMMENCING FROM 1ST APRIL
2014, THE COMPANY HAS REASSESSED THE REMAINING USEFUL LIFE OF FIXED
ASSETS IN ACCORDANCE WITH THE PROVISIONS PRESCRIBED UNDER SCHEDULE II
TO THE ACT. THERE ARE NO ASSETS WHICH HAVE COMPLETED THEIR USEFUL LIFE.
IN CASE OF OTHER ASSETS, THE CARRYING VALUE (NET OF RESIDUAL VALUE) IS
BEING DEPRECIATED OVER THE REVISED REMAINING USEFUL LIFE. THE
DEPRECIATION AND AMORTIZATION EXPENSES CHARGED FOR YEAR ENDED WOULD
HAVE BEEN HIGHER BY RS. 2,167/-, HAD THE COMPANY CONTINUED WITH THE
PREVIOUS ASSESSMENT OF USEFUL LIFE OF SUCH ASSETS.
Mar 31, 2014
1. 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.
In the Event of Liquidation of the Company, the holders of the equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
2. CONTINGENT LIABILITIES & COMMITMENTS :
31.03.2014 31.03.2013
Particulars
Rs. Rs.
(A) Contingent Liabilities
(i) Claims against the company not
acknowledged as debts NIL NIL
(ii) Guarantees NIL NIL
(iii) Other money for which the company is NIL NIL
contingently liable
Total (A) NIL NIL
(B) Commitments
(i) Estimated amount of contracts
remaining to be executed on capital NIL NIL
account and not provided for
(ii) Un-called liability on shares and
other investments partly paid NIL NIL
(iii) Other commitments NIL NIL
Total (B) NIL NIL
Total [(A) (B)] NIL NIL
3. SEGMENT REPORTING
The disclosure requirement of Accounting Standard-17 "Segment
Reporting" as notified by Companies (Accounting Standards) Rules, 2006
(as amended) is not applicable.
4. AMOUNT DUE FROM/TO COMPANY /FIRM IN WHICH DIRECTORS ARE INTERESTED:
NIL
5. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO
CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE,
THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
6. PREVIOUS YEARS FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO
CONFIRM TO CURRENT PERIOD''S CLASSIFICATION.
Mar 31, 2012
(i) Previous year figures have been regrouped wherever necessary to
confirm to current year''s classification.
(ii) Sundry debtors, Loans and advances and creditors are subject to
reconciliation and confirmation.
(iii) Under the Micro, Small and Medium Enterprises Development Act,
2006, certain disclosures are required to be made relating to such
enterprises. ''In view of the insufficient information from suppliers
regarding their coverage under the said act, no disclosures have been
made in the accounts. ''However, in view of the management, the impact
of interest if any, that may be payable in accordance with the
provisions of the Act is not expected to be material
(iv) There are no contingent Liability.
(v) During the year the company has closed its franchisee operations
also and started purchase and sale of vegetables.
(a) Purchase of vegetables - Rs.45,46,310.00 (b) Sale of vegetables -
Rs.50,00,941.00
(vi) The deferred tax assets on account of carry over business losses
under the Income tax Act. 1956.In view of the accumulated losss
available for set off under the Income tax Act, 1956. Having regard to
the current state of affairs of the company, as a measure of prudence,
the deftered tax asset (net) has not been accounted for.
(vii) RELATED PARTIES
Key Management Personnel : Mr.V.P.Chokhani
Relative : Smt.Urmila Devi Chokhani
Parties where control exists Chokhani Investments Limited
Goyal traders
Markar Mercantile Limited
Sammaan Exports Limited
Suraj Mercantile Limited
Dhanuka Real Estates & Investment
Limited
Mar 31, 2011
1. Previous year figures have been regrouped wherever necessary to
confirm to current year''s classification.
2. Sundry debtors, Loans and advances and creditors are subject to
reconciliation and confirmation.
3. Under the Miao, Small and Medium Enterpri^ Development Act, 2006,
certain disclosures are required to be made relating to such
enterprises. In view of the insu^cient information from suppliers
regarding their coverage under the said act, no disclosures have been
made in the cKDCojnts. However, in view of the management, the impact
of interest if any, that may be payable in accordance with the
provisions of the Act is not expected to be material.
5. There are no contingent Liability.
6. The company has no employees on rolls and hence no provisions is
required towards employee retirement benefits.
8. The Management is of the opinion that current value at the fixed
assets are realizable and hence no loss need be provided towards
impairment
9. During the year the company has closed direct operation of shops but
is continuing its franchisee operation.
10. The deferred tax liability would mainly arise on account of
depredation and defened tax assets oh account of carry over business
loss and depreciation under the Income tax Act, 1956. In view of the
accurriglated losses available for set off under the Income tax
Act,1956. The net effect as on 31st March 2011 will be a "Net"
deferred tax asset Having regard to the current state of affairs of the
company, as a measure of prudence, the deffered tax asset (net) has not
been accounted for.
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