Mar 31, 2016
1. Terms & Right attached to equity shares
The company has only one class of equity shares having a par value of Rs.1/- per share. Each Holder of equity share is entitled to one vote per share. In the event of liquidation, shareholder will be entitled to receive remaining assets of the company after distribution of all preferential amount. The distribution will be in proportion to the member of equity share held by the share holder.
2. Earnings per share
Basis earning per share are calculated by dividing the net profit or loss for the period attributable to equity shareholder by the weighted average number of equity share outstanding during the period.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholder and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive equity shares.
3. Contingent Liability- Demand of Rs 6,27,764 Interest under Custom Act 1962 relating to FY 198485. The matter is pending before competent authority.
4. Balances are relied upon as per books of accounts wherever the confirmations from debtors/creditors/ Loans/Advances are not available.
5. There is no availability of information about the amount dues to small/micro undertaking, we are unable to comment that the interest if any is due to such undertaking or not.
6. As certified by the Management there is no obligation in respect of gratuity and leave encashment during the year.
7. Auditor''s Remuneration including service tax is Rs.85,875/-. (Previous Year Rs.84, 270/-).
Statutory Audit Fees - Rs. 85,875 (Rs. 56,180)
Tax Audit Fees - Nil (Rs. 28,090)
8. The Company is required to appoint a whole time company secretary as per section 383A of the Companies Act, 1956. The Company is in the process of appointment of company secretary.
9. Expenditures & Earning in Foreign Currency- Nil
10. Sundry Balance Written off (net) of Rs. 30,929 Credit (Previous year NIL) include Rs.7299- Debit (Previous year NIL) and Rs. 38,228- Credit (Previous year NIL).
11. Prior period adjustment (Net) amounting to Rs 3867/- (credit) (Previous year NIL)
12. Segment Information-
The Company operates in a single business and geographical segment i.e. âConstruction and Allied Activitiesâ within India. Accordingly, no separate disclosures for primary business and secondary geographical segment are required as per AS 17 issued by ICAI
13. Previous year figures have been regrouped and rearranged wherever necessary to confirm with the current year presentation.
Mar 31, 2015
1. CORPORATE INFORMATION
The Company has incorporated on 21/12/1982 and the company is in to
Construction and Allied Activities business.
2.Terms & Right attached to equity shares
The company has only one class of equity shares having a par value of
Rs.1/- per share. Each Holder of equity share is entitled to one vote
per share. In the event of liquidation, shareholder will be entitled to
receive remaining assets of the company after distribution of all
preferential amount. The distribution will be in proportion to the
member of equity share held by the share holder.
3. Contingent Liability- Demand of Rs 6,27,764 Interest under
Custom Act 1962 relating to FY 1984- 85. The matter is pending before
competent authority.
4. Balances are relied upon as per books of accounts wherever the
confirmations from debtors/creditors/ Loans/Advances are not available
5. There is no availability of information about the amount dues to
small/micro undertaking, we are unable to comment that the interest if
any is due to such undertaking or not.
6. As certified by the Management there is no obligation in respect
of gratuity and leave encashment during the year.
7. Auditor's Remuneration including service tax is Rs.84, 270/-.
(Previous Year Rs.84, 270/-).
Statutory Audit Fees - Rs. 56,180 (Rs. 56,180)
Tax Audit Fees - Rs. 28,090 (Rs. 28,090)
8. The Company is required to appoint a whole time company secretary
as per section 383A of the Companies Act, 1956. The Company is in the
process of appointment of company secretary.
9.Expenditures & Earning in Foreign Currency- Nil
10. Segment Information-
The Company operates in a single business and geographical segment i.e.
"Construction and Allied Activities" within India. Accordingly, no
separate disclosures for primary business and secondary geographical
segment are required as per AS 17 issued by ICAI
11. Previous year figures have been regrouped and rearranged wherever
necessary to confirm with the current year presentation.
Mar 31, 2014
Corporate Information
The Company has incorporated on 21/12/1982 and the company is in to
Construction and Allied Activities business.
1.1 Earnings per share
Basis earning per share are calculated by dividing the net profit or
loss for the period attributable to equity shareholder by the weighted
average number of equity share outstanding during the period.
For the purpose of calculating diluted earnings per share, the net
profit or loss for the period attributable to equity shareholder and
the weighted average number of shares outstanding during the period are
adjusted for the effects of all dilutive equity shares.
1.2 Related Party Disclosure
A) Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" notified under Companies (Accounting
Standard) Rules, 2006, (as amended) and relevant provisions of
companies Act 1956,
Related Parties Nature of relationship
Pujya Guruwar Solar India Pvt Ltd Associates / Enterprises over which
(Formally known as Prog Dychem Pvt Ltd) directors and /Or their
relatives has
Sanjog Developers significant influence
Shri Anand Kumar Jain (Managing Director)
Shri Nirmal Kumar Jain ( Director) Key Management Personnel
Shri Kushal Chand Jain ( Director)
Shri Hemantkumar S Jain (Additional director)
Note: Related party Relationships have been identified by the
management and relied upon by the Auditors.
1.3 Contingent Liability- Demand of Rs 6,27,764 Interest under
Custom Act 1962 relating to FY 1984-85. The matter is pending before
competent authority.
1.4 Balances are relied upon as per books of accounts wherever the
confirmations from debtors/ creditors/Loans/Advances are not available
1.5 There is no availability of information about the amount dues to
small/micro undertaking, we are unable to comment that the interest if
any is due to such undertaking or not.
1.6 As certified by the Management there is no obligation in respect
of gratuity and leave encashment during the year.
1.7 Auditor''s Remuneration including service tax is Rs.84, 270/-.
(Previous Year Rs.84, 270/-). Statutory Audit Fees - Rs. 56,180 (Rs.
56,180) Tax Audit Fees - Rs. 28,090 (Rs. 28,090)
1.8 The Company is required to appoint a whole time company secretary
as per section 383A of the Companies Act, 1956. The Company is in the
process of appointment of company secretary.
1.9 Expenditures & Earning in Foreign Currency- Nil
1.10 Segment Information-
The Company operates in a single business and geographical segment i.e.
"Construction and Allied Activities" within India. Accordingly, no
separate disclosures for primary business and secondary geographical
segment are required as per AS 17 issued by ICAI
1.11 Previous year figures have been regrouped and rearranged wherever
necessary to confirm with the current year presentation.
Mar 31, 2013
I. CORPORATE INFORMATION
The Company is mainly in to real estate business and also trade in I.T
Products, Telecom Products and steel.
1. Earnings per share
Basis earning per share are calculated by dividing the net profit or
loss for the period attributable to equity shareholder by the weighted
average number of equity share outstanding during the period.
For the purpose of calculating diluted earnings per share, the net
profit or loss for the period attributable to equity shareholder and
the weighted average number of shares outstanding during the period are
adjusted for the effects of all dilutive equity shares.
Note-During the year, equity shares of the company were sub divided
from par value of Rs.10 to 10 equity shares of Rs.1 each resulting in
total number of Equity shares increased to 11,04,90,900 equity shares
of Rs. 1 each as on 25/01/2013. For better comparison 1, 10,49,0900
equity shares have been considered for both FY 2012-13 and FY 2011-12.
2. Related Party Disclosure
A) Disclosure requirements as per Accounting Standard 18 (AS-18)
"Related Party Disclosure" notified under Companies (Accounting
Standard) Rules, 2006, (as amended) and relevant provisions of
companies Act 1956,
3 Contingent Liability- Demand of Rs 6,27,764 Interest under Custom
Act 1962 relating to FY 1984-85. The company is in process of filing
appeal against the order of demand.
4 Balances are relied upon as per books of accounts wherever the
confirmations from debtors/ creditors/Loans/Advances are not available
5 As certified by the management, there are no dues outstanding to any
Micro Small and Medium size Enterprises as at the end of the year.
6 As certified by the Management there is no obligation in respect of
gratuity and leave encashment during the year.
7 Auditor''s Remuneration including service tax is Rs.84, 270/-.
(Previous Year Rs.84,270/-). Statutory Audit Fees - Rs. 56,180 (Rs.
56,180)
Tax Audit Fees - Rs. 28,090 (Rs. 28,090)
8 The Company is required to appoint a whole time company secretary as
per section 383A of the Companies Act, 1956. The Company is in the
process of appointment of company secretary.
Mar 31, 2012
(a) Term & Right attached to equity shares
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. In the event of liquidation, shareholder will be entitled to
receive remaining assets of the company after distribution of all
preferential amount. The distribution will be in proportion to the
member of equity share held by the share holder.
Margin money deposits of Rs 66,57,937/- (previous year 62,71,681/-) are
subject to first charge to secure Letter of credit facility.
Margin money deposits of Rs 10,471/- (previous year 10,471/-) are
subject to first charge to secure Bank Guarantee.
I. CORPORATE INFORMATION
Since many years the Company is trading in I T Products, Telecom and
steel. It has also stepped into real estate business.
1. ' Earnings per share
Basis earning per share are calculated by dividing the net profit or
loss for the period attributable to equity shareholder by the weighted
average number of equity share outstanding during the period.
For the purpose of calculating diluted earnings per share, the net
profit or loss for the period attributable to equity shareholder and
the weighted average number of shares outstanding during the period are
adjusted for the effects of all dilutive equity shares.
2 Contingent Liability-
Letters of credit issued by the bank on behalf of the company Rs.Lacs
598.87 (Previous year Rs. 388.49 Lacs)
The facility is secured by hypothecation of stock, mortgage of
immovable property owned by director, personal guaranty of directors
and 10 % by way of pledge of term deposit.
Guarantees given by the bankers of the company Rs.1 Lac (Previous year
Rs.1 Lac).
3 Balances are relied upon as per books of accounts wherever the
confirmations from debtors/ creditors/Loans/Advances are not available
4 As certified by the management, there are no dues outstanding to any
Micro Small and Medium size Enterprises as at the end of the year.
5 As certified by the Management there is no obligation in respect of
gratuity and leave encashment during the year. .
6 Auditor's Remuneration including service tax is Rs.84, 270/-.
(Previous Year Rs.50000/-). Statutory Audit Fees - Rs. 56,180 (Rs.
25,000) Tax Audit Fees - Rs. 28,090 (Rs. 25,000)
7 The Company is required to appoint a whole time company secretary as
per section 383A of the Companies Act, 1956. The Company is in the
process of appointment of company secretary.
8 Expenditures & Earning in Foreign Currency
9 During the year ended 31st March, 2012, the revised schedule VI
notified under The Companies Act, 1956 has become applicable to the
Company, for presentation and preparation of its financial statement.
The adoption of revised schedule VI does not impact recognition and
measurement principles followed for preparation of financial
statements. However, it has significant impacts on presentation and
disclosure made in the financial statements. The Company has also
reclassified the previous year figure in accordance with the
requirements applicable in the current year.
Mar 31, 2010
1. Contingent liabilities not provided for in the accounts, as
certified by the management.
a). Letters of credit issued by the banks on behalf of the company
Rs.518.25 Lacs (Previous year Rs.557.13Lacs)
2. Balances are relied upon as per books wherever the confirmations
from debtors/creditors are not available.
3. Interest is net off of interest received on Fixed Deposits kept
with the bank against margin money towards letters of credit/ bank
guarantee Rs. 43.48 lacs.(Previous year Rs.43.42 lacs).
5. As certified by the management, there are no dues outstanding to
any Micro Small and Enterprises as at the end of the year.
6. Inventory has been valued by the company at cost or market values
whichever is lower on the basis of Valuation Report prepared by a
Chartered Engineer and the same has been accepted by the auditors in
view of the technical nature of the products.
7. Cash Balance as at end of financial year has been verified ano
certified by the management of the Company and the auditors has relied
upon the same.
8. In the Opinion of the Board of Directors, the Current assets, loans
& advances are stated at net realizable value.
9. Auditors Remuneration is towards Statutory Audit Fees of
Rs.50,000/-.(Previous Year Rs. 100,00/-)
10. There was no employee who was in receipt of or was entitled to
receive emoluments amounting to the aggregate of Rs.24 lakhs (Previous
year of Rs.24 lakhs) or more per annum if employed throughout the year
or Rs.2 lakhs or more per month if employed for part of the year.
11. Previous year figures have been regrouped/ rearranged wherever
necessary.
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