Mar 31, 2015
1. Reconciliation of the number of Shares outstanding at the beginning
and at the end of the reporting period
2. The Company has only one class of equity shares having a par value
of Rs. 10 per share, each shareholder is elligible for one vote per
share. The dividend proposed by the Board of Directors is subject to
the approval of shareholders, except in case of interim dividend in the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company, after distribution of all
preferential amounts, in proportion of their shareholding.
3. Company has not alloted any bonus shares, Shares without
consideration in cash and/or bought back any equity shares during the
priod of five years immediately preceeding the Balance sheet date.
4. Wherever the vouchers / bills / invoices / challans etc. have not
been adequately supported or are missing, the Management has certified
that the transactions under question are genuine transactions. The
Auditors have accepted such certification of the management.
5. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business atleast equal to the amount at which, they are
stated in the Balance Sheet.
6. During the year the company has granted loan of Rs. 80.60 lacs to
the related parties and Rs. 2145.58 lacs to other parties without
charging any interest as required under the provision of Section 186 of
the Companies Act, 2013. In absence of rate of interest, the amount of
the income foregone on such advances could not be quantified in this
regard.
7. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
8. Segment Reporting:
The Company's operations covers Infrastructure, Software and Trading of
Products, however during the year the company has undertaken mainly
Trading Activities which as per Accounting Standards 17 is considered
as the only reportable business segment for the year.
9. At present the company is not liable for gratuity.
10. Earning and Outgo in foreign currency : NIL
11. As per Accounting Standard 18, the details of Related Party
disclosure is as under:
Related Party
Vishnubhai Chauhan Director
Kintu M. Raichura Director
Naresh B. Shah Director
Pradeep B. Shah Director
Chetna A. Kapadia Director
Shivaansh Estate Pvt. Ltd Associate Concern
Vastupal Steel and Spare Pvt. Ltd. Associate Concern
Vastupal Bearing Races Ltd Associate Concern
Mukta Industries Pvt. Ltd. Associate Concern
Mukta Automation Pvt. Ltd. Associate Concern
Related party relationship is as identified by the management and
relied upon by the auditors.
12. Previous year figures have been regrouped and/or rearranged
whenever necessary.
Mar 31, 2014
1. The Composite Scheme of Re-organisation of Share Capital and
arrangement for revival of the company under the provision of Section
391 to 394 of the Companies Act was approved by Hon''ble High Court of
Gujarat on 04.03.2013 and consequently earlier forfeited 21,52,300
shares were re-issued at Rs. 10/- each to Ashnishah Alloys Pvt. Ltd.
and Ardent Ventures Pvt. Ltd. equally and further 66,41,076 equity
shares were issued to Mr. Pradeep Shah and he is associates/nominees as
per the Scheme of Revival of the Company.
2. Wherever the vouchers/bills/invoices/challans etc. have not been
adequately supported or are missing, the Management has certified that
the transactions under question are genuine transactions. The Auditors
have accepted such certification of the management.
3. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business atleast equal to the amount at which, they are
stated in the Balance Sheet.
4. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
5. Estimated amount of contract remaining to be executed on Capital
Account and not provided for Rs. NIL.
6. Segment Reporting:
Information given in accordance with the requirement of Accounting
Standard 17, on "Segment Reporting".
7. At present the company is not liable for gratuity.
8. Earning and Outgo in foreign currency : NIL
9. As per Accounting Standard 18, the details of Related Party
disclosure is as under:
Related Party :
Vishnubhai Chauhan Director
Kintu M. Raichura Director
Naresh B. Shah Director
Pradeep B. Shah Director
Shivaansh Estate Pvt. Ltd. Associate Concern
Vastupal Steel and Spare Pvt. Ltd. Associate Concern
Vastupal Bearing Races Ltd. Associate Concern
Mukta Industries Pvt. Ltd. Associate Concern
Mukta Automation Pvt. Ltd. Associate Concern
10. Previous year figures have been regrouped and/or rearranged
whenever necessary.
Mar 31, 2013
1. The Composite Scheme of Re-organisation of Share Capital and
arrangement for revival of the company under the provision of Section
391 to 394 of the Companies Act was approved by Hon''ble High Court of
Gujarat on 04.03.2013 and the Scheme is operative from the Current
Financial Year, accordingly paid up share capital, balance in profit &
loss account and Goodwill / amalgamation short fall account had been
adjusted accordingly.
2. Wherever the vouchers / bills / invoices / challans etc. have not
been adequately supported or are missing, the Management has certified
that the transactions under question are genuine transactions. The
Auditors have accepted such certification of the management.
3. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business atleast equal to the amount at which, they are
stated in the Balance Sheet.
4. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
5. Estimated amount of contract remaining to be executed on Capital
Account and not provided for Rs. NIL.
6. Segment Reporting:
Information given in accordance with the requirement of Accounting
Standard 17, on "Segment Reporting".
7. At present the company is not liable for gratuity.
8. Earning and Outgo in foreign currency : NIL
9. Previous year figures have been regrouped and/or rearranged
whenever necessary.
Mar 31, 2012
1. There is no movement of the shares outstanding at the beginning and
at the end of the reporting period.
2. The Company has only one class of equity shares having a par value
of Rs. 10 per share, each shareholder is elligible for one vote per
share. The dividend proposed by the Board of Directors is subject to
the approval of shareholders, except in case of interim dividend in the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company, after distribution of all
preferential amounts, in proportion of their shareholding.
3. Company has not alloted any bonus shares, Shares without
consideration in cash and/or bought back any equity shares during the
priod of five years immediately preceeding the Balance sheet date.
1. The company has filed a Scheme of Re-organisation of Share Capital
and revival of the company under the provision of Section 391 to 394 of
the Companies Act vide Company Petition No. 112 of 2012 before Hon'ble
High Court of Gujarat which is pending for Final Order.
Since the appointed date of Scheme is 01.01.2012, and the order on
Petition will be received in the Current year, the effect of the Scheme
will be given in the finalization of accounts of current Financial
Year.
2. Wherever the vouchers / bills / invoices / challans etc. have not
been adequately supported or are missing, the Management has certified
that the transactions under question are genuine transactions. The
Auditors have accepted such certification of the management.
3. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business atleast equal to the amount at which, they are
stated in the Balance Sheet.
4. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
5. Estimated amount of contract remaining to be executed on Capital
Account and not provided for Rs. NIL.
6. Segment Reporting:
The Company's operations predominantly relates to a single segment
namely "Infrastructure Activity" which as per Accounting Standards 17
is considered as the only reportable business segment.
7. At present the company is not liable for gratuity.
8. Earning and Outgo in foreign currency : NIL
9. Previous year comparatives
Till the year ended 31st March, 2011, the Company was using pre-revised
Schedule VI to the Companies Act, 1956, for preparation and
presentation of its financial statements. During the year ended 31st
March, 2012, the revised Schedule VI notified under the Companies Act,
1956, has become applicable to the Company. The Company has
reclassified previous year figures to conform to this year's
classification.
Mar 31, 2011
1. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business at least equal to the amount at which, they are
stated in the Balance Sheet.
2. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
3. Estimated amount of contract remaining to be executed on Capital
Account and not provided for Rs. NIL.
4. Segment Reporting:
The Company's operations predominantly relates to a single segment
namely "Real Estate" which as per Accounting Standards 17 is considered
as the only reportable business segment.
5. At present the company is not liable for gratuity.
6. Earning and Outgo in foreign currency: NIL
7. Payment to Auditors: Amount (Rs.)
For Audit 11,030/-
For Taxation 5,515/-
8. Since the Company is not a manufacturing Company, information
required under clause ac of part II of Schedule VI of the Companies
Act,1956 has not been burnished
9. Previous year's figures were re-grouped and rearranged, wherever
necessary.
10. Additional information pursuant to part IV of Schedule VI to the
Companies Act, 1956 is enclosed.
Mar 31, 2010
1. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business at least to the amount at which the are stated
in the Balance Sheet. '
2. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
3. Estimated amount of contract remaining to be executed on Capital
Account and not provided for Rs.NIL.
4. Segment Reporting:
The Board of Directors of the Company are of the opinion that there are
no separate reportable segment as per Accounting Standard 17.
5. At present the company is not liable for gratuity.
6. Earning and Outgo in foreign currency : NIL
7. - Payment to Auditors: Amount (Rs.)
For Audit 5,515/-
8. As per Accounting Standard 18, the details of Related Party
disclosure is as under:
Related Party : Javedbag Mirza Director
Rajesh R. Shah Director
Ram Navalrai Chandiramani, Director
9 - Previous year's figures were re-grouped and rearranged, wherever
necessary.
10 Additional information pursuant to part ,V of Schedule V, to the
Companies Act, 1956 is enclosed. Signature to Schedule 1 to 5
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