Mar 31, 2014
NOTE 1:
CORPORATE INFORMATION
Anukaran Commercial Enterprises Ltd was engaged in the business of
dealing in chemicals in India. It also trades in shares, securities,
and debentures. The company was incorporated in the year 1985. The
company was formerly known as Anukaran Commercial Enterprises Ltd and
changed its name to ACL Projects Ltd. in May 2010. The company again
changed its name to Anukaran Commercial Enterprises Ltd in the year
2011. The Company is now engaged in the business of trading in fabrics
and commodities.
NOTE 2:
BASIS OF PREPARATION
The financial statements have been prepared in accordance with the
Generally Accepted Accounting Principles in India (GAAP) under the
historical cost convention on an accrual basis and comply in all
material respects with the mandatory Accounting Standards prescribed in
the Companies (Accounting Standards) Rules, 2006 issued by the Central
Government in consultation with the national Advisory Committee on
Accounting Standards.
Previous Year''s figure have been regrouped and rearranged, wherever
necessary to conform to the current period''s presentation.
The accounting policies adopted in preparation of financial statements
are consistent with those of previous year as explained below:
Mar 31, 2013
NOTE 1:
CORPORATE INFORMATION
Anukaran Commercial Enterprises Ltd was engaged in the business of
dealing in chemicals in India. It also trades in shares, securities,
and debentures. The company was incorporated in the year 1985. The
company was formerly known as Anukaran Commercial Enterprises Ltd and
changed its name to ACL Projects Ltd. in May 2010. The company again
changed its name to Anukaran Commercial Enterprises Ltd in the year
2011. The Company is now engaged in the business of trading in fabrics
and commodities.
NOTE 2: BASIS OF PREPARATION
The financial statements have been prepared in accordance with the
Generally Accepted Accounting Principles in India (GAAP) under the
historical cost convention on an accrual basis and comply in all
material respects with the mandatory Accounting Standards prescribed in
the Companies (Accounting Standards) Rules, 2006 issued by the Central
Government in consultation with the national Advisory Committee on
Accounting Standards.
Previous Year''s figure have been regrouped and rearranged, wherever
necessary to conform to the current period''s presentation.
The accounting policies adopted in preparation of financial statements
are consistent with those of previous year as explained below:
Mar 31, 2012
1. Basis of Preparation:
The financial statements have been prepared in accordance with the
Generally Accepted Accounting Principles in India (GAAP) under the
historical cost convention on an accrual basis and comply in all
material respects with the mandatory Accounting Standards prescribed in
the Companies (Accounting Standards) Rules, 2006 issued by the Central
Government in consultation with the national Advisory Committee on
Accounting Standards.
The accounting policies adopted in preparation of financial statements
are consistent with those of previous year, except for the change in
accounting policy expalined below:
AS 1.1.1 1.1 Cash and cash equivalents (for purposes of Cash Flow
Statement)
Cash comprises cash on hand, current and other accounts.
1.2 Cash flow statement
Cash flows are reported using the indirect method, whereby profit /
(loss) before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the Company are
segregated based on the available information.
AS 2.1.1.1 Revenue recognition
Sale of goods
Sales are recognised, net of returns and trade discounts, on transfer
of significant risks and rewards of ownership to the buyer,which
generally coincides with the delivery of goods to customers.
AS 3.1.1 Investments
Unquoted Investments are stated at cost.
The Total Value of Quoted Investments was Rs. 7,257,120/- as on
31.3.2012 (Such value is ascertained by considering the market price
prevailing on such date).
AS 4.1.1 Employee benefits
As per the management the provisions of Gratuity Act, Provident Fund
Act and Employees State Insurance Scheme are not applicable to the
company at present.
AS 5.1.1 Related Party Disclosures
List of related parties with whom transactions have taken place during
the current accounting period and relationship:
Key Management Personnel
Mr. Manoj Shah (Director)
Mr. Kushal Shah (Managing Director)
Mar 31, 2010
AS-1 RELATED PARTY DISCLOSURES
1. Related party disclosure
A. List of related parties with whom transactions have taken place
during the current accounting period and relationship:
A. Key Management Personnel
Mr. Manoj Shah (Director)
Mr. Premal Parekh (Director)
Mr. Alpesh Dedhia (Director)
Mr. Kushal Shah (Director)
Mr.Paras Mehta (Director)
Mr. Krishna Birmole (Director)
Mr. Faiyaz Rangwala (Director)
AS-29 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT
ASSETS
There is no Contingent Liability, Contingent Assets as at the close of
the year.
Additional information as required under Part IV of Schedule VI to the
Companies Act, 1956 (vide Notification No. GSR 388 (E) dated 15.5.95).
Balance Sheet Abstract and Companys General Business Profile :
I. Scrip Code : 512355
Balance Sheet Date : 31st March 2010
II. Capital raised during the year (Amount in Rs.NIL)
Public Issue : NIL
Bonus Issue : NIL
Rights Issue : NIL
Private Placement : NIL
III. Position of Mobilisation, and Deployment of Fund :
(Amount in Rs. Thousand)
Total Liabilities 63646.10 Total Assets 63646.10
Sources of Funds :
Paid up Capital 9600.00 Reserves & Surplus 51143.11
Secured Loan 0.00 Unsecured Loans 2902.99
Share Application Money 0.00 Deferred Tax Liability 0.00
Application of Funds :
Net Fixed Assets 356.39 Investments 15235.06
Net Current assets 48054.65 Misc. Expenditure 0.00
Accumulated Losses 0.00
IV. Performance of Company (Amount in Rs. Thousand):
Other Income 2820.10 Total Expenditure 1218.79
Profit / Loss before
Tax 1601.31 Profit / Loss after tax 1353.91
Earnings Per Share in
Rs. 1.41 Dividend Rate -
V. Generic Names of Three Principal Products / Services of
Company (as per monetary terms)
Item Code No. NIL
Product Description NIL