Mar 31, 2014
1. (a) Rights, preferences and restrictions attached to shares:
The company has one class of equity shares having a par value of
Rs.10/- each. Each shareholder is eligible for one vote per share held.
The dividend proposed by the board of directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting
except in the case of interim dividend. In the event of liquidation,
the equity sharesholders are eligible to receive the remaining assets
of the company after distribution of all preferential amounts, in
proportion to their shareholding.
2. Note : Segment Reporting
The company''s operations consist one line of activity year by year. The
Company is primarily operating in India which is considered as a single
geographical segment. Hence there are no reportable segments under
Accounting Standard - 17, issued by Institute of Chartered Accountants
of India, during the year under report.
The conditions prevailing in India being uniform, no separate
geographical disclosures are considered necessary.
3. Note:
Estimated amount of contracts remaining to be executed on capital
account and not provided for (net of advances) is: Nil (Nil)
4. Note:
In the opinion of the Board, current assets, loans and advances are
stated at a value which could be realized in the ordinary course of
business. The provision for all known liabilities made is adequate and
not in excess of the amount reasonably necessary.
5. Note:
Additional information pursuant to Non-Banking Financial (Non-Deposit
Accepting or Holding) Companies Prudential Norms (Reserve Bank)
Directions, 2007 is annexed.
Mar 31, 2013
1 Note : Segment Reporting
The company''s operations consist one line of activity year by year. The
Company is primarily operating in India which is considered as a single
geographical segment. Hence there are no reportable segments under
Accounting Standard  17, issued by Institute of Chartered Accountants
of India, during the year under report. The cond itions prevailing in
India being uniform, no separate geographical disclosures are
considered necessary.
2 Note:
Estimated amount of contracts remaining to be executed on capital
account and not provided for (net of advances) is: Nil (Nil)
3 Note:
In the opinion of the Board, current assets, loans and advances are
stated at a value which could be realized in the ordinary course of
business. The provision for all known liabilities made is adequate and
not in excess of the amount reasonably necessary.
4 Note:
Additional information pursuant to Non-Banking Financial (Non-Deposit
Accepting or Holding) Companies Prudential Norms (Reserve Bank)
Directions, 2007 is annexed.
* Provision for Standard Assets has been made @ 0.25% on standard
assets as per Reserve Bank of India direction, vide its notifcation no.
DNBS.223/CGM (US) - 2011 dated 17.01.2011
Mar 31, 2012
1 Note : Segment Reporting
The company's operations consist one line of activity year by year. The
Company is primarily operating in India which is considered as a single
geographical segment. Hence there are no reportable segments under
Accounting Standard - 17, issued by Institute of Chartered Accountants
of India, during the year under report. The conditions prevailing in
India being uniform, no separate geographical disclosures are
considered necessary.
2 Note:
Estimated amount of contracts remaining to be executed on capital
account and not provided for (net of advances) is: Nil (Nil)
3 Note:
In the opinion of the Board, current assets, loans and advances are
stated at a value which could be realized in the ordinary course of
business. The provision for all known liabilities made is adequate and
not in excess of the amount reasonably necessary.
4 Note:
Additional information pursuant to Non-Banking Financial (Non-Deposit
Accepting or Holding) Companies Prudential Norms (Reserve Bank)
Directions, 2007 is annexed.
Mar 31, 2010
1. All amounts in the financial statements are presented in Rupees as
otherwise stated. Figures in brackets represent corresponding previous
year figures in respect of Profit & Loss items and in respect of
Balance Sheet date of previous year. Figures for the previous year have
been regrouped / rearranged wherever considered necessary to confirm to
the figures presented in the current year.
2. Contingent Liabilities not provided for;
Particulars 2009-10 2008-09
Bank Guarantees Nil Nil
Corporate Guarantees Nil Nil
Letter of Credit Nil Nil
Demands against the company not
acknowledgedas debts and not provided
for in respect of which the Company
has filed appeal
-Income Tax
-Sales Tax Nil Nil
Claims against the Company not
acknowledged as debts Nil Nil
8. Based on the information available with the Company, there are no
dues outstanding in respect of Micro, Small and Medium enterprises at
the balance sheet date. No amounts were payable to such enterprises
which were outstanding for more than 45 days. Further, no interest
during the year has been paid or payable in respect thereof. The above
disclosure has been determined to the extent such parties have been
identified on the basis of information available with the Com- pany.
This has been relied upon by the auditors.
9. In the opinion of the Board, current assets, loans and advances are
stated at a value which could be realized in the ordinary course of
business. The provision for all known liabilities made is adequate and
not in excess of the amount reasonably necessary.
10. The companys operations consist one line of activity year by
year. The Company is primarily operating in India which is considered
as a single geographical segment. Hence there are no reportable
segments under Accounting Standard - 17, issued by Institute of
Chartered Accoun- tants of India, during the year under report. The
conditions prevailing in India being uniform, no separate geographical
disclosures are considered necessary.
11. Reporting on Related parties; In accordance with the Accounting
Standard - 18 issued by Insti- tute of Chartered Accountants of India,
Name of related parties and description of relationship.
Relationship Name of the Personnel / Entity
Key Management Personnel Suraj Thammineni, Prattipati
Parthasarathi,
Minjur Doraisamy Ethirajan, Anil
Kumar Talasila, Ratan Kishan Musurnur
Relative of Key Management
Personnel Nil
Enterprises own or
significantly Phat Phish India Private Ltd, Talus
Infra Ventures
influenced by Key Management Private Ltd, Seven Hills Wellness
Pvt Ltd,
Personnel or their relatives Golden Valley Holdings Ltd, Northgate
Technologies Ltd, Social Media India
Ltd, Andhra Electronics Ltd,
Citizen Communication Ltd, Manjeet
Chemicals Private Ltd, Madhuha
Designer Wear Private Ltd,
Infrastructure and Developers
Private Ltd.
12. There was no impairment loss on fixed assets on the basis of
review carried out by the manage- ment in accordance with Accounting
Standard - 28 issued by Institute of Chartered Accountants of India.
Further during the review of assets of the company, those assets which
were found to be having nil market value will be provided as per the
adopted policy.
13. Debit and Credit balances of parties are subject to confirmation
by the respective parties.
14. Additional information pursuant to provisions of Para 3, 4C and 4D
of Part - II of Schedule VI of Companies Act, 1956 - Not Applicable.
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