Mar 31, 2016
(B) NOTES FARMING PART OF THE ACCOUNTS
In the opinion of the Board the current assets loans and advances are approximately of the value state course of the business the provision for all known liabilities is adequate and no in excess of the amount considered reasonably necessary.
Contingent Liabilities not provided for : Liability towards vat for Financial I Year 2010-11 Rs.3,26,479. (Previous Year: NIL)
1, Thereisnoiiabilityinrespectofretirementbenefttsa5or31.03.2016
2, Auditor''s Remuneration
3. DEFERRED TAX
]n view of the uncertainty attached with the future profitability of the Company and lack of evidence that sufficient until re taxable income would be available, company has decided not to recognize any Deferred Tax Asset in respect at the timing differences outstanding at the beginning of the year as well as those arisen during the year.
NOTE: Name of related parties and description of relationship:
4. Associates
Aman Shree Trading and Real Estate Private Limited
5. Key Management Personnel
Mr JagdishchandraGadia (Managing Director)
Mr, Deepak Mandowara {Executive Director)
Mr. Arjim Mundra (Independent Director)
Mr. KaushaLAmeta (Independent Director)
Mr. Ravi Gupa (Independent Director)
II. Segment Information
The company has identified three reportable segments viz. trading in cloth, investments and finance. Segments have been identified and reported taking into account nature of products and services , the differing risks and returns and the internal business reporting system. Tine accounting policies adopted for segment reporting are in Line with the accounting policy of the company with following additional policies for segment reporting.
a. Revenue and expenses have been identified to a segment on the basis of relationship to operating activities of the segment, revenue and expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "unallowableâ
b. Segment assets and segment liabilities represent assets and liabilities to respective segments, investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed sun allocable.
c. Other Segment include business segments which are not reportable which consists of sale of other assets
6. Based on the information available with the company, no creditors have been identified
Mar 31, 2014
1. In the opinion of the Board, the current assets, loans and advances
are approximately of the value stated if realized in the ordinary
course of the business, the provision for all known liabilities is
adequate and no in excess of the amount considered reasonably
necessary.
2. Contingent Liabilities not provided for : Nil. (Previous Year
:NIL)
3. There is no liability in respect of retirement benefits as on
31.03.2014.
4. DEFERRED TAX
In view of the uncertainty attached with the future profitability of
the Company and lack of any convincing evidence that sufficient future
taxable income would be available, company has decided not to recognize
any Deferred Tax Asset in respect of the timing differences outstanding
at the beginning of the year as well as those arisen during the year.
However the company has recognized the Deferred Tax Liability in
respect of Depreciation excess charged in the Income tax:
5. Figures of the previous year have been regrouped rearranged and
recast wherever necessary, to make them comparable with the figures or
the current year.
6. Expenditure in Foreign Currency  NIL (Previous year Rs. NIL/-)
NOTE : Name of related parties and description of relationship :
1. Associates :-
Aman Shree Trading and Real Estate Private Limited
2. Key Management Personnel :-
Mr. Jagdishchandra Gadia (Managing Director) Mr. Deepak Mandowara
(Executive Director) Mr. Arjun Mundra (Independent Director) Mr.
Kaushal Ameta (Independent Director) Mr. Ravi Gupa ( Independent
Director)
7. Segment Information
The company has identified three reportable segments viz. trading in
cloth, investments and finance. Segments have been identified and
reported taking into account nature of products and services , the
differing risks and returns and the internal business reporting system.
The accounting policies adopted for segment reporting are in line with
the accounting policy of the company with following additional policies
for segment reporting .
a. Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of the segment, revenue and
expenses which relate to enterprise as a whole and are not allocable to
a segment on reasonable basis have been disclosed as "unallocable"
b. Segment assets and segment liabilities represent assets and
liabilities to respective segments, investments, tax related assets and
other assets and liabilities that cannot be allocated to a segment
on reasonable basis have been disclosed as "unallocable".
c. Other Segment include business segments which are not reportable
which consists of sale of other assets.
8. Based on the information available with the company, no creditors
have been identified as "supplier" within the meaning of "Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006."
Mar 31, 2013
1. In the opinion of the Board, the current assets, loans and advances
are approximately of the value stated if realized in the ordinary
course of the business, the provision for all known liabilities is
adequate and no in excess of the amount considered reasonably
necessary.
2. Contingent Liabilities not provided for : Nil. (Previous Year
:NIL)
3. There Is no liability in respect of retirement benefits as on
31.03,2013.
4. DEFERRED TAX
In view of the uncertainty attached with the future profitability of
the Company and lack of any convincing evidence that sufficient future
taxable income would be available, company has decided notto recognize
any Deferred Tax Asset in respect of the timing differences outstanding
at the beginning of the yearaswellasthosearisenduring the year.
However the company has recognized the Deferred Tax Liability in
respect of Depreciation excess charged in the Income tax:
5. Figures of the previous year have been regrouped rearranged and
recast wherever necessary, to make them comparable with the figures
orthe current year.
6. Expenditure in Foreign Currency-NIL {Previous year Rs-NIL/-) ,
7. Segment Information
The company has identified five reportable segments viz. trading in
yam, trading in electrical items, trading in cloth, investments and
finance. Segments have been identified and reported taking into
account nature of products and services, the differing risks and
returns and the internal business reporting system. The accounting
policies adopted for segment reporting are in line with the accounting
policy of the company witJi following additional policies forsegment
reporting.
a. Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of the segment, revenue and
expenses which relate to enterprise as a whole and are not allocable to
a segment on reasonable i basis have been disclosed as "unallocable''''
b. Segment assets and segment liabilities represent assets and
liabilities to respective segments, investments, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocable".
c. Other Segment include business segments which are not reportable
which consists of sale of other assets.
8. Based on the information available with the company, no creditors
have been identified as "supplier" within the meaning of''Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006."
9. Particulars of Loans and Advances and investment in its own shares
by listed companies, their subsidiaries, associates etc required to be
disclosed in the annual accounts of the Company pursuantto Clause 32 of
the Listing Agreement
Mar 31, 2012
1. In the opinion of the Board, the current assets, loans and advances
are approximately of the value stated if realized in the ordinary
course of the business, the provision for all known liabilities is
adequate and no in excess of the amount considered reasonably
necessary.
2. Contingent Liabilities not provided for : Nil. (Previous Year
:NIL)
3. There is no liability in respect of retirement benefits as on
31.03.2012.
4. DEFERRED TAX
In view of the uncertainty attached with the future profitability of
the Company and lack of any convincing evidence that sufficient future
taxable income would be available, company has decided not to recognize
any Deferred Tax Asset in respect of the timing differences outstanding
at the beginning of the year as well as those arisen during the year.
However the company has recognized the Deferred Tax Liability in
respect of Depreciation excess charged in the Income tax:
6. Figures of the previous year have been regrouped rearranged and
recast wherever necessary, to make them comparable with the figures or
the current year.
7. Expenditure in Foreign Currency- NIL (Previous year Rs. NIL/-)
NOTE: Name of related parties and description of relationship:
1. Associates :-
Atharv Agencies Private Limited
Jai Mining Corporation
Green Fuel Tech
Sunchemie Industries Private Limited,
Sri Lanka
Atharv Mines Pvt Ltd
2. Key Management Personnel :-
Mr. Jagdishchandra Gadia (Managing Director)
Mr. Nitten R.Jaju (Director)
3. Relatives of Key Management personnel
Miss. Rhea Nitten Jaju
(Daughter of Director)
Mrs. Ritu N Jaju (Wife of Nitten Jaju)
Mrs. Pooja Jaju (Wife of Bippin Jaju)
Mr. Bippin Jaju (Brother of Nitten Jaju)
Mr. Ramswarup Jaju
(Father of Mr Nitten Jaju)
Mrs. Sushila R. Jaju
(Mother Mr. Nitten Jaju)
8. Segment Information
The company has identified four reportable segments viz. trading in
yarn, trading in electrical items, investments and finance. Segments
have been identified and reported taking into account nature of
products and services, the differing risks and returns and the internal
business reporting system. The accounting policies adopted for segment
reporting are in line with the accounting policy of the company with
following additional policies for segment reporting.
a. Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of the segment, revenue and
expenses which relate to enterprise as a whole and are not allocable to
a segment on reasonable basis have been disclosed as "unallocable"
b. Segment assets and segment liabilities represent assets and
liabilities to respective segments, investments, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocable".
c. Other Segment include business segments which are not reportable
which consists of sale of other assets.
9. Based on the information available with the company, no creditors
have been identified as "supplier" within the meaning of "Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006."
10. Particulars of Loans and Advances and investment in its own shares
by listed companies, their subsidiaries, associates etc required to be
disclosed in the annual accounts of the Company pursuant to Clause 32
of the Listing Agreement.
Mar 31, 2010
1. In the opinion of the Board, the current assets, loans and advances
are approximately of the value stated if realized in the ordinary
course of the business, the provision for all known liabilities is
adequate and no in excess of the amount considered reasonably
necessary.
2. Contingent Liabilities not provided for Rs.50.00 Lakhs in Respect
of contracts remaining to be executed. (Previous Year : NIL)
3. There is no liability in respect of respect of retirement benefits
as on 31.03.2010.
4. The company has entered into an MOU with M/s Patil Minerals, a
proprietary concern securing mining rights of silica sand subject to
approval from Government Authorities. Advances to the extent of
Rs.31.50 Lakhs and expenses incurred to the extent of Rs.6,18,426 paid
in terms of the MOU to Ml s Patil Minerals, being adjustable against
the mining usage charges payable to them after commencement of mining
of silica sand have been stated under loans and advances. Advances paid
directly to M/s Patil Minerals by others in terms of the MOU have not
been recorded in the books of the company. The amounts unpaid as at
31.03.2010 under the MOU have been treated as contingent liability.
5. Auditors Remuneration
Current Year Rs. Previous Year Rs.
Audit fees 15,000.00 25,000.00
Income Tax Matters 5,000.00 5,000.00
Internal Audit Fees 13,000.00
Total 33,000.00 30,000.00
(Excluding Service Tax Payable there on)
6. DEFERRED TAX
In view of the uncertainty attached with the future profitability of
the Company and lack of any convincing evidence that sufficient future
taxable income would be available, company has decided not to recognise
any Deferred Tax Asset in respect of the timing differences outstanding
at the beginning of the year as well as those arisen during the year.
However the company has recognized the Deferred Tax Liability in
respect of Depreciation excess charged in the Income tax :
The position of 2009-2010 2008-2009
deferred Taxes is as under
Deferred Tax Liability 20,668 81,236
In respect of
fixed assets
20,668 81.236
7. EARNING PER SHARE
i. Profit After Tax Rs.13,22,318/-
ii. The weighted average number
Of equity shares of Rs.10 each
Total Number of Shares 30,46,500
iii. Earning per share ( Basic) Rs. 0,43
8. Figures of the previous year have been regrouped rearranged and
recast wherever necessary, to make them comparable with the figures or
the currert year.
9. Expenditure in Foreign Currency - NIL
( Previous year Rs.NIL/-)
NOTE : Name of related parties and description of relationship :
1. Associates :-
Shubham Electrosteels Pvt.Ltd
Jai Enterprises
Aryann Traders
Atharv Agencies Private Limited
Jai Mining Corporation
Sunchemie
Green Fuel Tech
Sunchemie Industries Private Limited,Sri Lanka
Shubh Labh Mines
2. Key Management Personnel :-
Mrs. Ritu N Jaju
Mrs. Pooja Jaju
3. Relatives of Key Management personnel
Mr. Nitten R.Jaju ( husband of Mrs.Ritu Jaju )
Mr. Bippin Jaju (Husbandof Mrs Pooja Jaju)
Mr. Ramswarup Jaju ( Father-in-law of Mr.Bippin Jaju)
Mrs. Sushila R.Jaju ( Mother-in-law of Mr.Bippin Jaju)
Miss. Rhea Nitten Jaju (Daughter of Director)
10. Segment Information
The company has identified four reportable segments viz. trading in
yarn, trading in electrical items, investments and finance. Segments
have been identified and reported taking into account nature of
products and services , the differing risks and returns and the
internal business reporting system. The accounting policies adopted for
segment reporting are in line with the accounting policy of the company
with following additional policies for segment reporting .
a. Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of the segment, revenue and
expenses which relate to enterprise as a whole and are not allocable to
a segment on reasonable basis have been disclosed as "unallocable"
b. Segment assets and segment liabilities represent assets and
liabilities to respective segments, investments, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocable".
c. Other Segment include business segments which are not reportable
which consists of sale of other assets.
11. Based on the information available with the company, no creditors
have been identified as "supplier" within the meaning of "Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006."
12. Particulars of Loans and Advances and investment in its own shares
by listed companies, their subsidiaries, associates etc required to be
disclosed in the annual accounts of the Company pursuant to Clause 32
of the Listing Agreement.
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