Mar 31, 2015
1 SEGMENT REPORTING
The company is mainly engaged in the business of trading activities.
All the activities of the company revolve around the main business, and
as such, in the opinion of the management, there are no separate
reportable segments.
2 AM
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company does not have any transactions with such
entities.
3 Previous year's figures have been regrouped / reclassified, wherever
necessary to correspond with current year's classification / disclosure
Mar 31, 2014
1 SEGMENT REPORTING
The company is mainly engaged in the business of trading activities.
All the activities of the company revolve around the main business, and
as such, in the opinion of the management, there are no separate
reportable segments.
2 RELATED PARTY TRANSACTIONS
List of related parties with whom transactions have taken place:
i. Particulars of Associate Companies Nature of relationship
Name of Related Party
Yash Securities Pvt. Ltd. Associate Company
Sankalp Properties Pvt. Ltd Associate Company
ii. Key Management Personnel
Name of Related Party Nature of Relationship
Shri Anurag Gupta Managing Director
3 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company does not have any transactions with such
entities.
4 Previous year''s figures have been regrouped / reclassified, wherever
necessary to correspond with current year''s classification / disclosure
Mar 31, 2013
1 SEGMENT REPORTING
As the company has no activities other than trading activities the
segment reporting under Accounting Standard 17 Â "Segment Reporting" is
not applicable.
2 RELATED PARTY TRANSACTIONS
List of related parties with whom transactions have taken place:
i. Particulars of Associate Companies Nature of relationship Name of
Related Party
Yash Securities Pvt. Ltd. Associate Company
Sankalp Properties Pvt. Ltd Associate Company
ii. Key Management Personnel
Name of Related Party Nature of Relationship
Shri Anurag Gupta Managing Director
3 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company does not have any transactions with such
entities.
4 Previous year''s figures have been regrouped / reclassified, wherever
necessary to correspond with current year''s classification / disclosure
Mar 31, 2012
A) Detailed note on the terms of the rights, preferences and
restrictions relating to each class of shares including restrictions on
the distribution of dividends and repayment of Capital.
i) The Company has only one class of Equity Shares having a par value
of Rs. 10/- per share. Each holder of Equity Share is entitled to one
vote per share.
ii) In the event of liquidation of the Company, the holders of 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.
b) Detailed note on shares reserved to be issued under options and
contracts / commitment for the sale of shares / divestments including
the terms and conditions. The company does not have any such contract
/ commitment as on reporting date.
c) Detailed terms of any securities convertible into shares, e.g. in
the case of convertible warrants, debentures, bonds etc.
The company does not have any securities convertible into shares as on
reporting date.
1 SEGMENT REPORTING
The company is mainly engaged in the business of trading activities.
All the activities of the company revolve around the main business, and
as such, in the opinion of the management, there are no separate
reportable segments.
2 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company does not have any transactions with such
entities.
3 In view of the revision to the Schedule VI as per notification
issued by the Central Government, the financial statements for the year
ended 31st March 2012 have been prepared as per the requirement of the
Revised Schedule VI of the Companies Act, 1956. The previous year's
figures have been accordingly regrouped/reclassified to conform to the
current year's classification
Mar 31, 2010
1. For the purpose of calculating market value of investments as well
as closing stock of shares where quotations are not available on the
last day of the year, die latest available quotations are taken as the
market value. Further in case of shares held in stock in trade which
are delisted and where the company in liquidation the same are valued
at Nil. Stock in trade has been taken, valued and certified by the
Management.
2. Investment in shares of delisted companies where the market value
is Nil is stated at negligible value.
3. As on 31st March 2010, the Company does not have any employees to
whom gratuity or any retirement benefits are payable.
4. Segment Reporting:
The company is engaged in the business of trading, finance and
consultancy related services in the field of nanotechnology. The
companys income derived mainly from Trading and Finance activities
there is no income from consulting and related activities; hence in the
opinion of the management, there are no separate reportable segments.
5. Deferred Taxation:
The company has unabsorbed depreciation & carried forward Losses under
taxes Laws. In absence of virtual certainty of sufficient future
taxable income, net deferred tax assets has not been recognized by way
of prudence in accordance with Accounting Standard (AS22) "Accounting
for taxes on Income" issued by the Institute of Chartered Accountants
of India.
6. Related party Disclosure:
List of related parties with whom transactions have taken place &
relationship:
(i) Particulars of Associates Companies
Name of Related Party Nature of Relationship
Yash Securities Pvt. Ltd. Associate Company
Sankalp Properties Pvt. Ltd. Associate Company
(ii) Key Management Personnel
Name of Related Party Nature of Relationship
Shri Anurag Gupta Chairman & Managing Director
7. There are no Micro and Small Enterprises to whom the Company owes
sums, which are outstanding more than 45 days as at 31st March 2010.
This Information as required to be disclosed under the 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. Interest income is shown net of interest paid to banks
Rs.4,61,954/- (Previous Year Rs. 9,25,589/-)
9. Balances of some of the sundry debtors, loans & advances and
sundry creditors are subject to confirmation and resultant
reconciliation if any.
10. In the opinion of the management the Current Assets, Loans &
Advances have not less than the value stated in the Balance Sheet if
realized in the ordinary course of business unless otherwise stated.
11. Previous Year Figures have been regrouped / rearranged/reclassified
wherever necessary.
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