Mar 31, 2021
Contingent Liability
The contingent liabilities, if any, are disclosed in the Notes to Accounts. Provision is made in the accounts, if it becomes probable that there will be outflow of resources for settling the obligation.
Events occurring after the balance sheet date
Adjustments to assets and liabilities are made for events occurring after the balance sheet date to provide additional information materially affecting the determination of the amounts of assets or liabilities relating to conditions existing at the balance sheet date.
Basic earnings per share are calculated by dividing the net profit or loss for the year/ period attributable to equity shareholders by the weighted average number of equity shares outstanding during the year/ period.
The preparation of financial statements, in conformity with generally accepted accounting p rinciples, requires management to make estimates and assumptions that affect the reported amounts of assets and lia bilities and the disclosure of contingent assets and liabilities on the date of the financial statements and the results of operations during the reporting year. Actual results could differ from those estimates. Any revision to accounting estimates is recognised prospectively in current and future periods.
I D n n n
Transactions denominated in foreign currencies are normally recorded at the exchange rate prevailing at the time of the transaction. Monetary items denominated in foreign currencies at the year end are translated at the rate ruling at the year end rate.
NOTES TO THE ACCOUNTS
The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.
All the investments made by the company are valued at Cost .
Managerial Remuneration:
The inventories (finished) are valued at 90% of their net realizable value and inventories (semi-finished) are valued at 75% of their estimated net realizable value.
All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.
Company has followed ICDS which has notified by the CBDT Notification No. 87/2016 dt. 29 Sept. 2016.
Mar 31, 2018
1 NOTES TO THE ACCOUNTS
1.1 The previous yearâs figures have been reworked, regrouped, rearra nged and reclassified wherever necessary.
1.2 All the investments made by the company are valued at Cost.
1.3 Managerial Remuneration: 240,000
1.4 The inventories (finished) are valued at 90% of their net realizable value and inventories (semiâ finished) are valued at 75% of their estimated net realizable value.
1.5 All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.
1.6 Related Party Transactions
As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:]
(i). List of related parties where cont rol exists and related parties with whom transactions have taken place and relationships:
(ii). Transactions during the year with related parties :
1 .7 Company has followed ICDS which has notified by the CBDT Notification No. 87/2016 dt. 29 Sept. 2016.
Mar 31, 2016
2 NOTES TO THE ACCOUNTS
1 The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.
2 All the investments made by the company are valued at Cost.
3 Managerial Remuneration: 240,000
All schedules annexed to and from integral part of the Balance Sheet and Profit & Loss Account.
4 Related Party Transactions
As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:
(i). List of related parties where control exists and related parties with whom transactions have taken place and relationships:
Mar 31, 2015
1.1 The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
1.2 All the investments made by the company are valued at Cost .
1.3 Managerial Remuneration: 240,000
The inventories (finished) are valued at 90% of their net realizable
value and inventories (semi-finished) are valued at 75% of their 2.4
estimated net realizable value.
1.4 All schedules annexed to and from integral part of the Balance
Sheet and Profit & Loss Account.
1.5 Related Party Transactions
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below:
Mar 31, 2014
NOTE 1
Balance of some of the parties''accounts is subject to confirmation.
NOTE 2
In the opinion of the Board, the current assets, loans and advances are
approximately of the value stated, if realised in the ordinary course
of business except stated otherwise, the provision for all the known
liabilities is adquate and not in excess of the amount considered
necessary.
NOTE 3
The previous year figures have been regrouped/reclassified as
considered necessary.
Mar 31, 2013
NOTE 1
Balance of some of the parties''accounts is subject to confirmation.
NOTE 2
In the opinion of the Board, the current assets, loans and advances are
approximately of the value stated, if realised in the ordinary course
of business except stated otherwise, the provision for all the known
liabilities is adquateand not in excess of the amount considered
necessary.
NOTE 3
The Company had raised Rs. 1129.50 lakhs by way of Public Issue.
Against this, the company had utilized Rs. 551.93 lakhs as per the
Objects of the Issue. The balance amount of Rs. 577.57 lakhs meant for
projects have been used in short term investments and will made be
available when needed for the projects.
NOTE 4
The previous year figures have been regrouped/reclassified as
considered necessary.
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