Mar 31, 2014
1 Estimated amount of contract to be executed on Capital accounts &
not provided for Rs. NIL (P.Y. Rs. NIL.)
2 During the year the company has not made any provisions for
interest on advances given by the company to the extent of Rs.12.83
Lacs (P.Y. Rs. 12.83 Lacs) based on the amount shown as outstanding in
the books of accounts. Hence, the loss of the company is higher to
that extent.
3 The company has decided not to provide depreciation on fixed assets
aggregating to Rs 6.41 Lacs (P.Y. Rs.6.41 Lacs) due to inadequacy of
profits. Due to this, loss is stated lower to that extent.
4 During the year company has preferred an appeal against the net
Income Tax Demand of Rs. 3.01 Lacs against the order passed U/s.
143(3)/147 for A.Y. 2006-07 & disputed penalty proceedings
U/s.271(1)(C) for the same A.Y. 2006-07 with income tax department.
5 No Provisions has been made in the books of accounts for the
unsecured advances given by the company as the management of the
company is hopeful to recover the advances.
6 No Provision has been made for Income Tax even under the MAT as
there is no taxable income in view of the losses.
7 No provision has been made for the deferred tax assets or
liabilities in the books of accounts as required under Accounting
Standard 22 issued by the Institute of Chartered Accountants of India
in view of the carried forward losses and also likely losses in the
future years. It was explained to us by the management that there is
no certainty when commercial operation will start on mass scale basis
& hence no provision for deferred tax assets / liability is made.
8 The details for related party transaction as required under the
Accounting Standard -18 are enclosed as per the separate sheet annexed
herewith.
9 The company has only one reportable segment namely miniature
circuit breakers & isolator.
10 Payments to Auditor.
11 There is no amount outstanding to any SSI creditors at the close of
the year.
12 Particulars for Earning Per Share pursuance to Accounting Standard
20:
Particulars 2013-14 2012-13
Net Profit after tax for the year (Rs.) (8,64,854.60) (7,21,644.34)
Number of Equity Shares 31,87,300.00 31,87,300.00
(Weight Average)
Nominal Value of the Share (Rs.) 10.00 10.00
Earning Per Share (Rs.) (Basic and Diluted) (0.27) (0.23)
12 Payments of NIL (P.Y.Rs. NIL ) on account of remuneration is made
during the Financial Year to the directors of the company.
14 Quantitative information pursuant to Paragraph (3), (4C) & (4D) of
Part-II of Schedule VI to the Companies Act, 1956 (as certified by
directors) (As per separate sheet attached)
15 Remittance in Foreign Currency equivalent to Rs. NIL (P.Y. Rs. NIL)
16 There were no employees who were in receipt of remuneration in
excess of Rs. 24,00,000/-
(P.Y. Rs. 24,00,000/-) per year if employed throughout the year and
Rs.2,00,000/- (P.Y. Rs. 2,00,000/-) per month if employed for a part
of the year.
17 In the opinion of the management, Loans, Advances and current
assets are approximately of the value stated, if realised in the
ordinary course of business.
18 Outstanding Balances of Sundry creditors, debtors and other loans &
advances are subject to Confirmation.
19 Figures of the previous year have been regrouped and rearranged
wherever necessary.
Mar 31, 2013
1. Estimated amount of contract to be executed on Capital accounts &
not provided for Rs. NIL (P.Y. Rs. NIL.)
2. During the year the company has not made any provisions for interest
on advances given by the company to the extent of Rs.12.83 Lacs (P.Y.
Rs. 12.83 Lacs) based on the amount shown as outstanding in the books
of accounts. Hence, the loss of the company is higher to that extent.
3. The company has decided not to provide depreciation on fixed assets
aggregating to Rs 6.41 Lacs (P.Y. Rs.6.41 Lacs) due to inadequacy of
profits. Due to this, loss is stated lower to that extent.
5. During the year company has preferred an appeal against the net
Income Tax Demand of Rs. 3.01 Lacs against the order passed U/s.
143(3)/147 for A.Y. 2006-07 & disputed penalty proceedings
U/s.271(1)(C) for the same A.Y. 2006-07 with income tax department.
6. No Provisions has been made in the books of accounts for the
unsecured advances given by the company as the management of the
company is hopeful to recover the advances.
7. No Provision has been made for Income Tax even under the MAT as
there is no taxable income in view of the losses.
8. No provision has been made for the deferred tax assets or
liabilities in the books of accounts as required under Accounting
Standard 22 issued by the Institute of Chartered Accountants of India
in view of the carried forward losses and also likely losses in the
future years. It was explained to us by the management that there is no
certainty when commercial operation will start on mass scale basis &
hence no provision for deferred tax assets / liability is made.
9. The details for related party transaction as required under the
Accounting Standard -18 are enclosed as per the separate sheet annexed
herewith.
10.The company has only one reportable segment namely miniature circuit
breakers & isolator.
11.Payments to Auditor.
12.There is no amount outstanding to any SSI creditors at the close of
the year.
13. Particulars for Earning Per Share pursuance to Accounting Standard
20:
14.Payments of NIL (P.Y.Rs. NIL ) on account of remuneration is made
during the Financial Year to the directors of the company.
15. Quantitative information pursuant to Paragraph (3), (4C) & (4D) of
Part-II of Schedule VI to the Companies Act, 1956 (as certified by
directors) (As per separate sheet attached)
16. Remittance in Foreign Currency equivalent to Rs. NIL (P.Y. Rs. NIL)
17. There were no employees who were in receipt of remuneration in
excess of Rs. 24,00,000/-(P.Y. Rs. 24,00,000/-) per year if employed
throughout the year and Rs.2,00,000/- (P.Y. Rs. 2,00,000/-) per month
if employed for a part of the year.
18. In the opinion of the management, Loans, Advances and current assets
are approximately of the value stated, if realised in the ordinary
course of business.
19. Outstanding Balances of Sundry creditors, debtors and other loans &
advances are subject to Confirmation.
20. Figures of the previous year have been regrouped and rearranged
wherever necessary.
Mar 31, 2010
1. Estimated amount of contract to be executed on Capital accounts &
not provided for Rs. NIL (P.Y. Rs. NIL.)
2. During the year the company has not made any provisions for
interest oh advances given by the company to the extent of Rs. 12.83
Lacs (P.Y. Rs. 12.83 Lacs) based on the amount shown as outstanding in
the books of accounts. Hence, the profit of the company is lower to
that extent.
3. The company has decided not to provide depreciation on fixed assets
aggregating to Rs. 6.41 lacs (P.Y. Rs.6.41 Lacs) due to inadequacy of
profits. Due to this, profit is stated higher to that extent.
4. No Provisions has been made in the books of accounts for the
unsecured advances given by the company as the management of the
company is hopeful to recover the advances.
5. No Provision has been made for Income Tax even under the MAT as
there is no taxable income in view of the losses.
6. No provision has been made for the deferred tax assets or
liabilities in the books of accounts as required under Accounting
Standard -22 issued by the Institute of Chartered Accountants of India
in view of the carried forward losses and also likely losses in the
future years. It was explained to us by the management that there is no
certainty when commercial operation will start on mass scale basis &
hence no provision for deferred tax assets /liability is made.
7. The details for related party transaction as required under the
Accounting Standard -18 is enclosed as per the separate sheet annexed
herewith.
8. The company has only one reportable segment namely miniature
circuit breakers & isolator.
9. There is no amount outstanding to any SSI creditors at the close
of the year.
10. Payments of NIL (P.Y.Rs. NIL) on account of remuneration is made
during the Financial Year to the directors of the company.
11. Quantitative information pursuant to Paragraph (3), (4C) & (4D) of
Part-ll of Schedule VI to the Companies Act, 1956 (as certified by
directors) (As per separate sheet attached)
12. Remittance in Foreign Currency equivalent to Rs. NIL/- (P.Y. Rs.
NIL)
13. There were no employees who were in receipt of remuneration in
excess of Rs. 24,00,000/(P.Y. Rs. 24,00,000/-) per year if employed
throughout the year and Rs.2,00,000/- (P.Y. Rs. 2,00,000/-) per month
if employed for a part of the year.
14. In the opinion of the management, Loans, Advances and current
assets are approximately of the value stated, if realised in the
ordinary course of business.
15. Outstanding Balances of Sundry creditors, debtors and other loans
& advances are subject to Confirmation.
16. Figures of the previous year have been regrouped and rearranged
wherever necessary.
17. Additional Information Pursuant to the Provisions of Part IV of
Balance Sheet to the Companies Act 1956.
Mar 31, 2009
1. Estimated amount of contract to be executed on Capital accounts &
not provided for Rs. NIL (P.Y. Rs. NIL.)
2. During the year the company has not made any provisions for
interest on advances given by the company to the extent of Rs. 12.83
Lacs (P.Y. Rs. 12.83 Lacs) based on the amount shown as outstanding in
the books of accounts. Hence, the profit of the company is lower to
that extent.
3. The company has decided not to provide depreciation on fixed assets
aggregating to Rs. 6.41 lacs (P.Y. Rs.6.38 Lacs) due to inadequacy of
profits. Due to this, profit is stated higher to that extent.
4. No Provisions has been made in the books of accounts for the
unsecured advances given by the company as the management of the
company is hopeful to recover the advances.
5. No Provision has been made for Income Tax even under the MAT as
there is no taxable income in view of the losses.
6. No provision has been made for the deferred tax assets or
liabilities in the books of accounts as required under Accounting
Standard -22 issued by the Institute of Chartered Accountants of India
in view of the carried forward losses and also likely losses in the
future years. It was explained to us by the management that there is no
certainty when commercial operation will start on mass scale basis &
hence no provision for deferred tax assets / liability is made.
7. The details for related party transaction as required under the
Accounting Standard -18 is enclosed as per the separate sheet annexed
herewith.
8. The company has only one reportable segment namely miniature
circuit breakers & isolator.
9. There is no amount outstanding to any SSI creditors at the close
of the year.
10. Payments of NIL (P. Y.Rs. NIL) on account of remuneration is made
during the Financial Year to the directors of the company.
11. Quantitative information pursuant to Paragraph (3), (4C) & (4D) of
Part-II of Schedule VI to the Companies Act, 1956 (as certified by
directors) (As per separate sheet attached)
12. Remittance in Foreign Currency equivalent to Rs. NIL/-(P.Y. Rs.
NIL)
13. There were no employees who were in receipt of remuneration in
excess of Rs. 24,00,000/(P.Y Rs. 24,00,000/-) per year if employed
throughout the year and Rs.2,00,000/- (P.Y. Rs. 2,00,000/-) per month
if employed for a part of the year.
14. In the opinion of the management, Loans, Advances and current
assets are approximately of the value stated, if realised in the
ordinary course of business.
15. Outstanding Balances of Sundry creditors, debtors and other loans
& advances are subject to Confirmation.
16. Figures of the previous year have been regrouped and rearranged
wherever necessary.
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