Mar 31, 2015
Note 1 : SEGMENT INFORMATION (as-17)
i. The Company's business segments are identified around products in
which company deals.
ii. The accounting policies used in the preparation of the financial
statements of the Company are also applied for segment reporting.
iii. Segment revenues, expenses, assets and liabilities are those,
which are directly attributable to the segment or are allocated on an
appropriate basis. Corporate and other revenues, expenses, assets and
liabilities to the extent not allocable to segments are disclosed in
the reconciliation of reportable segments with the financial
statements.
iv. Figures in brackets are in respect of the previous year.
note 2. : RELATED PARTY DISCLOSURE
Related party disclosures, as required by AS - 18, "Related Party
Disclosures" are given below:
a) directors
- Amlesh Sadhu - Managing Director
- Nirmal Kr. Manna - Director
- Dilip R. Patodia - Director
- Ravi Saraswat - Director
a) relationships
a) related parties where common control exists
Name of the Companies where the directors can exercise the control
- Shree Nidhi Trading co.Ltd
- PyzinaTraders Private Limited
- KathakaliVincomPrivate Limited
- ShreehariVinimay Pvt. Ltd.
- Sidhivinayak Broking Limited
b) key management Personnel
Amlesh Sadhu - Managing Director
Dilip R Patodia - Director
c) transactions with related Parties-
During the year under consideration no transactions with related party
were entered into.
note 3: earning 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: contingent liabilities & Provisions
In View of the management there are no contingent liabilities and
commitments against the company.
note 5: deferred tax
During the year there are no transactions leading to timing differences
resulting to deferred tax liability. Following the concept of Prudence
Company has not recognized any deferred tax assets.
note 6.
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 7
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 8.
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 9
Previous year's figures have been grouped/ regrouped,
arranged/rearranged wherever necessary to make them comparable.
Mar 31, 2014
Note 1: SEGMENT INFORMATION (AS-17)
i. The Company''s business segments are identified around products in
which company deals.
ii. The accounting policies used in the preparation of the financial
statements of the Company are also applied for segment reporting.
iii. Segment revenues, expenses, assets and liabilities are those,
which are directly attributable to the segment or are allocated on an
appropriate basis. Corporate and other revenues, expenses, assets and
liabilities to the extent not allocable to segments are disclosed in
the reconciliation ofreportable segments with the financial statements.
iv. Figures in brackets are in respect of the previous year.
C) Transactions with Related Parties-
During the year under consideration no transactions with related party
were entered into.
Note 2: EARNING PER SHARE
No Potential Equity Shares were outstanding as on 31.03.2013 and hence
Basics and Diluted Earnings Per Shares are Same.
Note 3: Contingent Liabilities & Provisions
In View of the management there are no contingent liabilities and
commitments against the company.
Note 4: In view of the Management provision for gratuity is not
required since none of the employee had worked for more than 6 months
during the year.
Note 5: 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 ofthe same if required.
Note 6: 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 7: 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 year end together with interest
paid/payable as required under the said Act have not been made.
Note 8: 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 Profit & Loss Account.
Note 9: Previous year''s figures have been grouped/ regrouped,
arranged/rearranged wherever necessary to make them comparable.
Mar 31, 2013
Note 1: SEGMENT INFORMATION (AS-17)
During the year company has not carried out any business activity
except for the trading of Shares and Securities and hence Accounting
Standard 17 SEGMENT INFORMATION is not applicable.
Note 2: RELATED PARTY DISCLOSURE
Related party disclosures, as required by AS - 18, "Related Party
Disclosures" are given below:
A) Directors
- Amlesh Sadhu - Managing Director
- Harivallabh P. Mundhra - Director
- Nirman Kr. Manna - Director
- Shreevallabh Mundhra - Director
B) Relationships
a) Related parties where common control exists
Not Any
b) Key Management Personnel
Amlesh Sadhu - Managing Director
Harivallabh P. Mundhra - Director
Nirman Kr. Manna - Director
Shreevallabh Mundhra - Director
C) Transactions with Related Parties
During the year under consideration no transactions with related party
were entered into.
Note 3: EARNING PER SHARE
No Potential Equity Shares were outstanding as on 31.03.2013 and hence
Basics and Diluted Earning Per Shares are Same. Basic Earning Per
Share/ Diluted Earning Per Share
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 issued 27,78,000 new Equity Shares. These
shares have been allotted at a price of Rs. 50/- each which is in
accordance with the Preferential Issue Guidelines issued by Securities
and Exchange Board of India.
Note 7: 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 year end together with interest
paid/payable as required under the said Act have not been made.
Note 8: 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 Profit & Loss Account.
Note 9: Previous year''s figures have been grouped/ regrouped,
arranged/rearranged wherever necessary to make them comparable.
Mar 31, 2009
I) Previous years figures are regrouped, re-arrange and re-classified
wherever considered necessary
2) In the opinion of the Board, adequate provision has been made for
all known liabilities and the s; is no! in excess of amounts considered
reasonably necessary.
3} The provision of" Provident Fund Act and Gratuity Act are not
applicable to the Company.
4) In the opinion of the Board the Loans and Advances are approximately
of the value stated in the Balancesheel if realised in the ordinary
course of business, loans and advances are subject to confirmation from
concerned parties.
5. The Company has been advised that as there is no tax effect of
timing difference based on estimated computation for reasonable period,
there is no provision for deferred tax, in terms of Accounting Standard
(AS 22) on "Accounting for Taxes on Income" issued by Institute of
Chartered Accountants of India.
6. As of 31st March 2009 the company had no outstanding dues to small
-scale Industrial Undertakings
7. Accounting Standard (AS-18) "Related parry Disclosure" Name of
related parties and description of Relationship
1. Subsidiaries NIL
2. Associates NIL
3. Key Managerial Personal Shri Harivallabh Mundhra
Shri Shreevallabh Mundhra
4. Relatives of key Mangement Smt. Kamladevi Mundhra (Mother of
Directors)
Personnel Smt. Kiran Mundhra (Wife of Director)
Shri Brijnandan Mundhra
(Son of Director)
Miss Nupur Mundhra (Daughter of
Director)
Miss Supriya Mundhra (Daughter of
Director)
Sunaina Mundhra (Daughter of
Director)
Yashonandnan Mundhra (Son of
Director)
8. Enterprise under significant influence of key management personal
or their relatives.
Name of key managerial Name of
personnel & Relatives Enterprises Nature of Relatives
Harivallabh Mundhra
Chairmai Shee N.M of Bombay Directors HUF is
Partner in Firm
and Directors of Voltaire
Leasing & Finance Ltd.
Nandan Holdings
Pvt.Ltd. Brother Shreevallbh
Mundhra and
self are Director
Asian Engg.
Corporation Director is partner
in firm
Creative Lights Pvt.
Ltd Brother Shreevallbh
& Self are Director
in Co.
Shreevallabh Mundhra Director Puja Electricals Pvt.
Ltd. Director in co.
Voltaire Leasing & Finance
Ltd. Shree N M Electr
-icals Ltd Brother Shreevallbh
& Self are Director
in Co.
9. Disclosures of Transaction between the group and related parties and
status of outstanding Balan. as at 31st March 2009 (Fig.In Braket are
of Previousv Year)
Name of Related Relationship Nature of Amount D/S Balance
Parties
Transaction as on B/S
date
Shree N M Electr
icals Ltd Directors HUF Sales of
Cable 7279472.00 10980971
is partner Wire Dr.Bal.
in Firm (7607817) (11395160)
Dr.Bal.