Mar 31, 2013
Basis of Preparation
The financial statements are prepared under the historical cost
convention except for current assets.
Accrual basis of accounting has been adopted in preparation of the
financial statements.
The financial statements are prepared under the Going concern
convention of accounting.
The generally accepted accounting principles, Accounting Standards
issued by the Institute of Chartered Accountants of India, as
applicable, and the relevant provisions of the Companies Act, 1956 have
been complied.
In preparing the financial statements in conformity with accounting
principles generally accepted in India, management is required to make
estimates and assumptions that affect the reported amounts of assets
and liabilities and the disclosure of contingent liabilities as at the
date of financial statements and the amounts of revenue and expenses
during the reported period. Actual results could differ from those
estimates. Any revision to such estimates is recognized in the period
the same is determined.
As per information and explanation provided by the Management there are
no outstanding dues of SSI undertakings as required by Schedule VI of
the Companies Act, 1956 as amended by Notification No. GSR 129(E) dated
22.02.1999 issued by the Department of Company Affairs, Ministry of
Law, Justice & Company Affairs.
The Company has no amount to be paid to Micro, Small and Medium
Enterprises in accordance with provisions of Micro, Small & Medium
Enterprises Development Act, 2006. Hence, disclosures, if any, relating
to amounts unpaid as the year end together with interest paid / payable
as required under the said Act have not been made. Corporate
Information:
1. The Company is principally engaged in Trading in Retail items.
2. There has been no significance change in the nature of business
during the period from 1st April, 2012 to 31st March, 2013.
3. The company was incorporated in India on 11th January, 1983. Under
the Companies Act, 1956 (No. 1 of 1956) and the company registered in
India having its registered office in India and under the jurisdiction
of ROC Kolkata.
4. The Corporate Identity number is: L51226WB1983PLC035663.
5. The registered office of the company is located at 19, British India
Street, 2nd Floor, Kolkata  700 069, West Bengal.
Credit Risk
The group does not have any significant exposure to an individual
customer nor does it have any major concentration of credit risk
related to any financial institution.
The credit risk is managed by the Managing Director. Adequate care and
control are taken to ascertain the credit worthiness of the consumers.
Non- Current Investment
Investments are stated at cost and are made made in its subsidiary
companies amounting to Rs 17,00,000/- and in other unquoted Equity
Shares amounting to Rs. 93,51,100.50/-.
Mar 31, 2012
Basis of Preparation
The financial statements are prepared under the historical cost
convention except for current assets.
Accrual basis of accounting has been adopted in preparation of the
financial statements.
The financial statements are prepared under the Going concern
convention of accounting.
The generally accepted accounting principles, Accounting Standards
issued by the Institute of Chartered Accountants of India, as
applicable, and the relevant provisions of the Companies Act, 1956 have
been complied.
In preparing the financial statements in conformity with accounting
principles generally accepted in India, management is required to make
estimates and assumptions that affect the reported amounts of assets
and liabilities and the disclosure of contingent liabilities as at the
date of financial statements and the amounts of revenue and expenses
during the reported period. Actual results could differ from those
estimates. Any revision to such estimates is recognized in the period
the same is determined.
As per information and explanation provided by the Management there are
no outstanding dues of SSI undertakings as required by Schedule VI of
the Companies Act, 1956 as amended by Notification No. GSR 129(E) dated
22.02.1999 issued by the Department of Company Affairs, Ministry of
Law, Justice & Company Affairs.
The Company has no amount to be paid to Micro, Small and Medium
Enterprises in accordance with provisions of Micro, Small & Medium
Enterprises Development Act, 2006. Hence, disclosures, if any, relating
to amounts unpaid as the year end together with interest paid / payable
as required under the said Act have not been made. Corporate
Information:
1. The Company is principally engaged in Trading in Retail items.
2. There has been no significance change in the nature of business
during the period from 1st April, 2012 to 31st March, 2012.
3. The company was incorporated in India on 11th January, 1983. Under
the Companies Act, 1956 (No. 1 of 1956) and the company registered in
India having its registered office in India and under the jurisdiction
of ROC Kolkata.
4. The Corporate Identity number is: L51226WB1983PLC035663.
5. The registered office of the company is located at 19, British India
Street, 2nd Floor, Kolkata  700 069, West Bengal.
Credit Risk
The group does not have any significant exposure to an individual
customer nor does it have any major concentration of credit risk
related to any financial institution.
The credit risk is managed by the Managing Director. Adequate care and
control are taken to ascertain the credit worthiness of the consumers.
Non- Current Investment
Investments are stated at cost and are made made in its subsidiary
companies amounting to Rs 6,00,000/- and in other unquoted Equity
Shares amounting to Rs. 10,64,100.50/-.
Mar 31, 2011
A) The provision of Provident Fund Act, ESI Act and Payment of Gratuity
Act are not applicable to the company since the number of employees is
less than those specified in the aforesaid Acts.
b) As identified from available information, there are no dues to
small-scale Industrial undertakings, which require disclosure.
c) As the business activity falls within a single segment, the
disclosure requirements of Accounting Standard 17 "Segment Reporting",
issued by the Institute of Chartered Accountants of India, is not
applicable.
d) Fixed Assets of the company has been fully depreciated and there is
no realizable value of those assets.
e) Previous year figures have been regrouped or rearranged wherever
necessary.