Home  »  Company  »  Yuranus Infra  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Yuranus Infrastructure Ltd.

Mar 31, 2014

1. In the opinion of the Board of Directors, the Current Assets, Loans and Advances are approximately value stated, if realized in the ordinary course of business .The provisions of all known liabilities are adequately provided and not in the excess of amount reasonably necessary and in opinion of the Board of Directors there are no contingent liabilities which is not provided for.

2. All the balances i.e Debit and Credit balances are subject to confirmation.

3. Loans and advances includes Rs. 15.13 lacs ( P.Y. 15.13 lacs ) which are doubtful of recovery for which no provisions has been made by the Company

4. Company does not have any defined retirement benefit scheme in this respect. Accounting Standard AS- 15 issued by the Institute of Chartered Accountants of India is not considered applicable.

5. During the year under review, the Company had generated revenue receipts and thus quantity details are not applicable.

6. Previous year''s figures have been regrouped / rearrange or reclassified, wherever necessary to conform to the current years grouping or reclassification.


Mar 31, 2013

I. Balances are subject to confirmation.

ii. Loans and advances includes Rs. 15.13 lacs ( P.Y. Rs164.96 lacs ) which are doubtful of recovery for which no provisions has been made by the Company

iii. Cash in hand on March 31,2013 is subjected to physical verification

iv. Managerial Remuneration:

a) The Company had been advised that the computation of net profit u/s 349 of the Companies Act, 1956 had not been made since no commission is paid/payable to any of the directors for the year.

b) Payment io and provision for employees include Managerial Remuneration by way of:

v. Company does not have any defined retirement benefit scheme in this respect. Accounting Standard AS-15 issued by the Institute of Chartered Accountants of India is not considered applicable.

vi. Impairment of Assets (AS-28 ) : All the assets have been physically verified by the management during the year, in our opinion, is reasonable having regards to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.

vii. The inventory is physically verified and valued by the Management at the end of the year and it is taken as certified by them.

viii. In the opinion of the Board of Directors, the Current Assets, Loans and Advances are approximately value stated, if realised in the ordinary course of business .The provisions of all known liabilities are adequately provided and not in the excess of amount reasonably necessary and in opinion of the Board of Directors there are no contingent liabilities which is not provided for.

ix. Quantative details of the trading activity for the year ended 31/03/2013 : NIL

x. Previous year''s figures have been regrouped / rearrange or reclassified. wherever necessary to conform to the current years grouping or reclassification.


Mar 31, 2012

I. Balances are subject to confirmation .

ii. Loans and advances includes Rs. 164.46 lacs ( P.Y. Rs164.96 lacs) which are doubtful of recovery for which no provisions has been made by the Company

iii. The Company has deferred tax assets as at balance Sheet date hence, as a matter of Prudence , the Company is not recognizing the deferred tax assets as provided in the Accounting Standard 22 issued by the Institute of Chartered Accountants of India.

iv. Cash in hand on March 31,2012 is subjected to physical verification.

v. Managerial Remuneration :

a) The Company had been advised that the computation of net profit u/s 349 of the Companies Act, 1956 had not been made since no commission is paid / payable to any of the directors for the year.

vi. Company does not have any defined retirement benefit scheme in this respect. Accounting Standard AS- 15 issued by the Institute of Chartered Accountants of India is not considered applicable.

vii. Impairment of Assets ( AS-28 ) : All the assets have been physically verified by the management during the year, in our opinion, is reasonable having regards to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.

viii. The inventory is physically verified and valued by the Management at the end of the year and it is taken as certified by them.

ix. In the opinion of the Board of Directors, the Current Assets, Loans and Advances are approximately value stated, if realised in the ordinary course of business .The provisions of all known liabilities are adequately provided and not in the excess of amount reasonably necessary and in opinion of the Board of Directors there are no contingent liabilities which is not provided for.

x. Quantative details of the trading activity for the year ended 31/03/2012 : NIL

xi. Previous year''s figures have been regrouped / rearrange or reclassified, wherever necessary to conform to the current years grouping or reclassification.

 
Subscribe now to get personal finance updates in your inbox!