Mar 31, 2015
Note 1 - Gratuity & Leave encashment
Leave Encashment Liability payable on retirement or otherwise has not
been provided as the same would be charged in the year o retirement or
when paid which is in contravention of accounting standard 15 "
Accounting for Retirement Benefits".
Note 2 - Operating leases
The Company has not taken any property or equipment on lease
Note 3 - Amounts due to Micro, Small and Medium Enterprises:
The Company has not received any intimation from the suppliers under
the The Micro, Small & Medium Enterprises Development Act 2006 and
therefore disclosures, if any, relating to amounts unpaid as at the
year end together with interest paid/payable as required under the said
Act have not been given.
Note 4 -Previous year figures
The figures of the previous year have been re-arranged, re-grouped and
re- classified wherever necessary.
Mar 31, 2014
Note 1 - Gratuity & Leave encashment
Leave Encashment Liability payable on retirement or otherwise has not
been provided as the same would be charged in the year of retirement or
when paid which is in contravention of accounting standard 15 "
Acccounting for Retirement Benefits".
Note 2 - Operating leases
The Company has not taken any property or epuipment on lease
Note 3 - Amounts due to Micro, Small and Medium Enterprises:
The Company has not received any intimation from the suppliers under
the The Micro, Small & Medium Enterprises Development Act 2006 and
therefore disclosures, if any, relating to amounts unpaid as at the
year end together with interest paid/payable as required under the said
Act have not been given.
Note 3 -Previous year figures
The figures of the previous year have been re-arranged, re-grouped and
re- classified wherever necessary.
Mar 31, 2013
Note 1 - Gratuity & Leave encashment
Leave Encashment Liability payable on retirement or otherwise has not
been provided as the same would be charged in the year of retirement or
when paid which is in contravention of accounting standard 15 "
Acccounting for Retirement Benefits".
Note 2 - Operating leases
The Company has not taken any property or epuipment on lease
Note 3 - Amounts due to Micro, Small and Medium Enterprises:
The Company has not received any intimation from the suppliers under
the The Micro, Small & Medium Enterprises Development Act 2006 and
therefore disclosures, if any, relating to amounts unpaid as at the
year end together with interest paid/payable as required under the said
Act have not been given.
Note 4 -Previous year figures
The figures of the previous year have been re-arranged, re-grouped and
re- classified wherever necessary.
Mar 31, 2012
Note 1- Share Capital
(a) Detailed note on the terms of the rights, preferences and
restrictions relating to each class of shares including restrictions on
the distribution of dividends and repayment of capital.
i) 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.
ii) On receipt of shareholders' approval in the Annual General meeting
of the company held on 30th September, 2011, the Company has increased
its authorised share capital from Rs. 3,50,00,000/- (Rupees Three
Crores Fifty lakh only ) divided into 35,00,000 Equity Shares of Rs.
10/- each to Rs. 10,00,00,000/- (Rupees Ten Crores )divided into
1,00,00,000 Equity Shares of Rs. 10/- each & the Company has altered
its Memorandum & Articles
iii) In the event of liquidation of the Company, the holders of Equity
shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of Equity shares held by the
shareholders.
Mar 31, 2010
1. Leave Encashment Liability payable on retirement or otherwise has
not been provided as the same would be charged in the year of
retirement or when paid.
2. Related Party Disclosures
a. The Company had transaction with the following related parties:
Sr. No. Name of The Related party Relationship
1. Shri Gopal Dave Director
b. Transactions with Related Parties:
Name Nature of Expenditure Amount (Rs.) Period
Shri Gopal Dave Salary & 77,500 For Part
of the year
Remuneration
3. In the opinion of the Board, current assets, loans and advances
have a value on realization in the ordinary course of the business at
least equal to the amount at which they are stated.
4. Previous year figures have been regrouped / rearranged /
reclassified wherever necessary and figures have been rounded off to
the nearest rupee.
5. Additional information required pursuant to part II of the schedule
VI the Companies Act, 1956 for trading in shares.
* Deferred Tax Asset for Rs.1815/- on account of timing difference is
not provided for on account of prudence as per Accounting Standard 22-
"Accounting for Taxes" issue by ICAi.
6. Segment Reporting:
The company primarily deals in the business of Shares & Securities
hence there is no Primary reportable segment in the context of
Accounting Standard 17 issued by The Institute of Chartered Accountants
of India. As the Companys Export Turnover is Nil, there is no
reportable geographical segment.
7. Details of dues to Micro & Small Enterprises:
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company is in the process of complying relevant
information on the supplier about their coverage under the act. Since
relevant information is not readily available, no disclosure is made on
this account.
8. Contingent Liabilities
Contingent Liabilities are not provided for and are disclosed by way of
Notes.
9.Balance sheet abstract and companys general business profile as per
schedule VI, part (IV) of the Companies Act, 1956.