Mar 31, 2013
Note 1.1 : Previous Year''s Figures :
The Revised Schedule VI has become effective from 1st April, 2012 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped / reclassified
wherever necessary to correspond with the current year''s classification
/ disclosure.
Mar 31, 2012
Note 1.1 : Previous Year's Figures :
The Revised Schedule VI has become effective from 1 April, 2012 for the
preparation of financial statements. This has significantly impacted
the disclosure and presentation made in the financial statements.
Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification /
disclosure.
Note 1.2 :
The balance of sundry creditors and loans and advances are subject to
confirmation of respective parties, any adjust- ment, if required, will
be made on receipt of the same.
Note 1.3 : In The Opinion Of Board Of Directors :
1 The Current assets, loans and advances are approximately of the value
stated, if realised in the ordinary course of business.
2 The provision for all known and ascertained liabilities are adequate
and not in excess of the amount reasonably necessary.
3 Expenditure on Employment :
The company had no employee during the year, who were in receipt of
remuneration aggregating to :
(1) Not more than Rs. 60,00,000/- for the year, if employee throught
the financial year or
(2) Not more than Rs. 5,00,000/- per month, if employee for the part of
the financial year
4 Expenditure in Foreign Currency Nil
5 Earning in foreign currency Nil
6 Amount remitted during the year in Foreign Currency Nil Note 12.5 :
Income and Expenditure :
The provision of all income and expenses of the year have been done
except those which are uncertain.
Note : Figures in bracket relates to the previous year.
Mar 31, 2010
1 Contigent Liabilities not provided for : Rs. NIL (P.Y. Rs. NIL)
2 Capital Contracts remaining to be executed : Rs. NIL (P.Y. Rs. NIL)
3 The previous years figures are re-grouped or re-arranged wherever
necessary so as to confirm to the current years classification.
4 The confirmations of some of the parties for the amounts due to them
/ amount due from them as per books of accounts are not received.
Necessary adjustments, if any, will be made when the accounts are
recinciled / settled.
5 In The Opinion Of Board Of Directors :
A The Current assets, loans and advances are approximately of the value
stated, if realised in the ordinary course of business.
B The provision for all known and ascertained liabilities are adequate
and not in excess of the amount reasonably necessary.
D Expenditure on Employment
The company had no employee during the year, who were in receipt of
remuneration aggregating to :
(1) Not more than Rs. 24,00,000/- for the year, if employee throught
the financial year or
(2) Not more than Rs. 2,00,000/- per month, if employee for the part of
the financial year E C I F Value of Imports Nil F Expenditure in
Foreign Currency Nil G Earning in foreign currency Nil H Amount
remitted during the year in Foreign Currency Nil
6 Income and Expenditure :
The provision of all income and expenses of the year have been done
except those which are uncertain.
7 No provision has been made for income tax liability of Rs.
31,77,159/- for the asst year 2000-01, Rs. 2,10,565/- for the asst year
2001-02.
8 Related Party Disclosure :
Name of related parties where control exists irrespective of whether
transactions have occurred or not
Relationship Name of the
Party Transaction For the Year ended
31-03-2010
Associates B. Nanji Construction
- Loan Loan Given 41,809,116
B. Nanji Enterprise
- Inter Loan Loan Given 4,83,35,616
B. Nanji Finance
Inter loan Loan Given 2,744,943
B. Nanji Power
Cables Ltd
- Loan Loan Given 29,100
Sandipbhai
B. Padsala Loan Given 30,850
Smt. Subhandraben
B. Padsala Loan Given 25,000
Aerospace
Technologies
Pvt. Ltd. Loan Given 1,580,855
Mar 31, 2009
1 Impairment of Assets
The carriying amounts of assets are reviewed at a each balance sheet
date, if there is any indication of impairment based on
internal/external factors. An impairment loss well be recognised
wherever the carrying amount of an assets exceeds its estimated
recoverabie amount. The recoverable amount is greater of the assets net
selling price and value in use. In assessing the value in use the
estimated future cash flows are discounted to the present value at the
weighted average cost of capital. During the year there is no impaiment
losses on assets of the company.
2 Deferred Tax Assets/ILiabilities)
According the the Accounting Standard (AS-22) on "Accounting for Taxes
on Income" issued by the institute of Chartered Accountants of India,
the deferred tax assets and liabilities for the year, arising out of
timing difference, if any, are reflected in the Profit and Loss
Account. The cumulative effect, if any, thereof is shown in the Balance
Sheet. The deferred tax assets are recognised only if there is a
reasonable certainty that the assets will be realised in the future.
1 Contigent Liabilities not provided for: Rs. NIL (P.Y. Rs. NIL)
2 Capital Contracts remaining to be executed: Rs. NIL (P.Y. Rs. NIL)
3 The previous years figures are re-grouped or re-arranged wherever
necessary so as to confirm to the current years classification.
4 The confirmations of some of the parties for the amounts due to them
/ amount due from them as per books of accounts are not received.
Necessary adjustments, if any, will be made when the accounts are
recinciled / settled.
5 In The Opinion Of Board Of Directors :
A The Current assets, loans and advances are approximately of the value
stated, if realised in the ordinary course of business.
B The provision for all known and ascertained liabilities are adequate
and not in excess of the amount reasonably necessary.
6 Remuneration to Auditors : AS AT AS AT
31/03/2009 31/03/2008
A Audit fees 17,500 Rs. 17500/-
B Company Law Charges & Other fees ------ ------
TOTAL 17,500 17,500
7 Additional Information pursuant to the provisions of paragraph 3 & 4
of part II of schedule VI to the Companies act. 1956.
A Stock. Purchase and Sales of Goods
ASAT AS AT
31/03/2009 31/03/2008
Sr. Particulrs
No. Rs. Rs.
1 Opening Stock - -
2 Purchase - -
3 Sales - -
4 Closing Stock - -
B Capacity. Production and Stock
AS AT AS AT
License and installed capacity,
production and stock : 31/03/2009 31/03/2008
Rs. Rs.
Closing Stock - -
C Value of Imported and Indigenous, Raw material and their percentage
ot total Consumption.
Nil
D Expenditure on Employment
The company had no employee during the year, who were in receipt of
remuneration aggregating to :
(1) Not more than Rs. 24,00,000/- for the year, if employee throught
the financial year or
(2) Not more than Rs. 2,00,000/- per month, if employee for the part of
the financial year
E C I F Value of Imports
Nil
F Expenditure in Foreign Currency
Nil
G Earning in foreign currency
Nil
H Amount remitted during the year in Foreign Currency
Nil
8 Income and Expenditure :
The provision of all income and expenses of the year have been done
except those which are uncertain.