Mar 31, 2016
Note 1: Contingent Liabilities and Commitments to the extent not provided for
Note 2: Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
The Company has no dealing with any party registered under the Micro, Small and Medium Enterprises Development Act, 2006.
Note 3: Contingent Liabilities and Commitments to the extent not provided for
Note 4: Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
The Company has no dealing with any party registered under the Micro, Small and Medium Enterprises Development Act, 2006.
Mar 31, 2015
1. Basis of preparation
The financial statements have been prepared in accordance with the
Generally Accepted Accounting Principles (GAAP) in India. Indian GAAP
comprises mandatory accounting standards as specified under the section
133 of the Companies Act, 2013 read with Rule 7 of Companies (Accounts)
Rules, 2014 and other accounting pronouncements of the Institute of
Chartered Accountants of India.
The financial statements have been prepared on accrual basis and under
the historical cost convention. The accounting policies not
specifically referred, are consistently applied from the past
accounting periods.
2. During the year the company has Amalgamated/Merged with 'Anax Com
Trade Limited' and 'Fidelo Power and Infrastructure Limited'
(hereinafter collectively called as Transferor companies) under the
scheme approved by Hon'ble Bombay High Court vide order dated
16.05.2014. The transfer took place with effect from 1st April 2014
related to all assets, liabilities, revenue and expenses of transferor
companies. Relevant disclosure pursuant to such scheme is as under: -
a. Nature of Amalgamation: -
The scheme of amalgamation is in the nature of merger as per Accounting
Standard- 14, since all assets and liabilities of transferor companies
have been transferred at their book value into the company. Similarly,
Equity Shareholders of transferor companies have become Equity
Shareholders in the company.
Under the scheme, the members of 'Anax Com trade Limited' have been
allotted 8 equity shares of the company for every 10 equity shares held
by them.
Similarly the members of 'Fidelo Power and Infrastructure Limited' have
been allotted 8 shares of the company for every 10 shares held by them.
3. There is no Micro, Small and Medium Enterprises as defined under
Micro, Small & Medium Enterprises Development Act, 2006 to which
Company owes dues which are outstanding for a period more than 45 days
as on Balance Sheet Date.
The above information regarding Micro, Small and Medium Enterprises has
been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.
4. Provisions of Accounting Standard (AS) Â 17 on 'Segment Reporting'
are not been applicable to the Company.
5. Deferred Tax Assets and Liabilities are recognised in respect of
current year and prospective years. Deferred Tax Asset is recognised on
the basis of reasonable / virtual certainty that sufficient future
taxable income will be available against which the same can be
realized.
6. In the opinion of the management, the current assets, loans and
advances have a realizable value in the ordinary course of business is
not less than the amount at which they are stated in the Balance Sheet.
7. Particulars Current Period Previous Year
(Rs.) (Rs.)
Contingent Liability not provided for Nil Nil
8. Previous Year's Figures have been re-arranged or re-grouped
wherever considered necessary.
9. Figures have been rounded off to the nearest rupees.
10. Figures in brackets indicate negative (-) figures.
Mar 31, 2014
1. Terms and rights attached to equity shares
The company has Issued only one class of equity share having a par
value of Its. 10 per share. Each holder of equity shares Is entitled to
vote per share. The company declares and pays dividend If any, in
Indian Rupees. The dividend proposed by the Board of Directors is
subject to approval of the shareholders In the ensuing Annual General
Meeting.
In the event of liquidation of the company, the holders of equity
shares will be entitiled to receive remaining assets of the company,
after distribution of all the preferential amount. The distribution
will be in proportion to the number of equity shares held by the
shareholder.
2. Basis of preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles (Indian GAAP).
The company has prepared these financial statements to comply in all
material respects with the accounting standards notified under
Companies (Accounting Standards) Rules, 2006 (as amended from time to
time) and the relevant provisions of the Companies Act, 1956.
The financial statements have been prepared on accrual basis and under
the historical cost convention. The accounting policies not
specifically referred, are consistently applied from the past
accounting periods.
3. There is no Micro, Small and Medium Enterprises as defined under
Micro, Small 6 Medium Enterprises Development Act, 2006 to which
Company owes dues which are outstanding for a period more than 45 days
as on Balance Sheet Date.
The above information regarding Micro, Small and Medium Enterprises has
been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.
4. Provisions of Accounting Standard (AS) - 17 issued by the ICAI on
''Segment Reporting'' are not been applicable to the Company.
5. In view of present uncertainty regarding generation of sufficient
future income, net deferred tax asset or liability has not been
recognized in these accounts on prudent basis.
5. In the opinion of the management, the current assets, loans and
advances have a relaisable value in the ordinary course of business is
not less than the amount at which they are stated in the Balance Sheet.
6. Related party disclosures/ transactions
There is no transaction entered with the related party covered by the
Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the
period covered by these financial statements.
7. Balance shown under head Sundry Debtors, Creditors and Advances
are subject to confirmation.
8. Particulars Current Period Previous Year
(Rs.) (Rs.)
Earnings/ Remittances and/ Nil Nil
or Expenditure in
Foreign Currency
9. Quantitive Information in respect of Opening Stock, Purchases,
Sales and Closing Stock pursuant to Schedule VI of the Companies Act,
1956 are as per list attached.
10. Particulars Current Period Previous Year
(Rs.) (Rs.)
Contingent Liability not Nil Nil
provided for
11. Previous Year''s Figures have been re- arranged or re- grouped
wherever considered necessary.
12. Figures have been rounded off to the nearest rupees.
13. Figures in brackets indicate negative (-) figures.
Mar 31, 2013
1. Basis of preparation
The financial statements of the company have been prepared In
:ordinate with generally accepted accounting principles (Indian GAAP),
The company has eared these financial statements to comply In all
material respects with the accounting standards notified under Companies
(Accounting Standards} Rules, 2006 (as amended from time time) and
the relevant provisions of the Companies Act, 1956.
The financial statements have been prepared on accrual basis and Term
two historical cost convention. The accounting policies not
specifically referred, are concisely applied from the past
accounting periods.
2. There is no Micro. Small and Medium Enterprises as defined under
Vencor. Small 6 Medium Enterprise* Development Act, 2006 to which
Company owes dues * ten are outstanding for a period more than 45 days
as on Balance Sheet Date.
The above Information regarding Micro, Small and Medium Enterers * has
teen determined on the basis of information availed with the Company
and has en duly relied by the auditors of the Company.
3. Provisions of Accounting Standard (AS) 17 Issued by the ICAI on
germen-. Reporting'' are not been applicable to the Company.
4. in view of present uncertainty regarding generation of suffice t
future Income, net deferred tax asset or liability has not been
recognized in these back its on prudent basis.
5. In the opinion of the management, the current assets, loans and at
inches have a retaliated value In the ordinary course of business Is
not less than the an junta at which they are stated In the Balance Sheet.
6. Related party disclosures/ transactions
There is no transaction entered with the related party covered by e
Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the
period cove. and by these financial statements.
7. Balance shown under head Sundry Debtors, Creditors and At inches
ire subject to confirmation.
8. Quantities Information In respect of Opening Stock. Purchases, les
and Closing Stock pursuant to Schedule VI of the Companies Act. 1956
are as per list a ached.
9. Previous Year''s Figures have been re- arranged or re- grouper
wherever considered necessary.
10. Figures have been rounded off to the nearest rupees.
11. Figures In brackets in state negative {-) figures.
Mar 31, 2012
1 The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segments under Accounting
Standard - 17 dealing with Segment Reporting
2 In the opinion of the Board of Directors. Current Assets, Loans &
Advances have the value at least equal to the value at which they are
stated in the Balance Sheet if realized, in the ordinary course of
business.
3 Figures of the previous year have been regrouped / rearranged /
reclassified wherever necessary.
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