Mar 31, 2015
1. Tax provision for income tax has been made as per the Income Tax
Act, 1961.
2. Debit and credit balances in respect of debtors, loans and advances
and creditors are subject to confirmation and reconciliation.
3. In accordance with the Accounting Standard AS-11 issued by the
Institute of Chartered Accountants of India, net gain of Rs. 1.16 lacs
(PY loss of Rs. 9.29 lacs) due to foreign exchange fluctuations arising
on foreign currency transactions has been considered in the Profit and
Loss Account.
4. In the year under review, the Company has provided the gratuity Rs.
8943 (P.Y. Rs. 3462) towards gratuity calculated up to the date of
Balance Sheet date according to the Gratuity Act on incremental basis.
5. The company has accounted for deferred tax assets of Rs. 48754
(P.Y. deferred tax liability of Rs. 23458 ) for the year under review
as per AS-22 in the profit and loss account.
6. Contingent liability to the extent not provided for ' NIL ( P.Y Rs.
NIL)
7. Previous year figures have been regrouped and reclassified wherever
necessary to be in conformity with the current year figures.
8. Estimated amount of capital contracts remaining to be executed and
not
provided for net of advance paid Rs. NIL (PY Rs. NIL).
9. Managerial Remuneration paid:
2014-15 2013-14
Mg. Dir. Mg. Dir.
(a) Salary Rs. 2400000 2400000
(b) Perks/ Reimbursement Rs. ----- ------
10. Payment to Auditors
2014-15 2013-14
As an auditor 15000 15000
For Taxation & Other works 5000 5000
For Tax Audit 7000 7000
Out of Pocket Expense 2000 2000
11. The Company has not received any information from any of the
suppliers of their status as Small Scale Industrial Unit. Hence, the
amounts due to them outstanding as at 31st March 2015 is not
ascertainable.
12. Related party disclosures as per the Accounting Standard AS-18
issued by the Institute of Chartered Accountants of India:
a. List of related parties
i. Subsidiaries: The Company does not have any subsidiary Company.
ii. Key Management personnel
Mr. Jagdish Agrawal Mr. Sumit Agrawal
iii. Relatives of Key Management Personnel Ishita Pharmaceuticals
Anvi Lifesciences Pvt Ltd J & J Chemicals
Mar 31, 2014
1 . Tax provision for income tax has been made as per the Income Tax
Act, 1961.
2. Debit and credit balances in respect of debtors, loans and advances
and creditors are subject to confirmation and reconciliation.
3. In accordance with the Accounting Standard AS-11 issued by the
Institute of Chartered Accountants of India, net loss of Rs.9.29 lacs
(PY gain of Rs.2.57 lacs) due to foreign exchange fluctuations arising
on foreign currency transactions has been considered in the Profit and
Loss Account.
4. In the year under review, the Company has provided the gratuity
Rs.3462 (P.Y. Rs.17653) towards gratuity calculated up to the date of
Balance Sheet date according to the Gratuity Act on incremental basis.
5. The company has provided for deferred tax of Rs.23458
(P.Y. Rs.174590) for the year under review as per AS-22 in the profit
and loss account.
6. Contingent liability to the extent not provided for Rs. NIL
( PY Rs.NIL)
7. Previous year figures have been regrouped and reclassified wherever
necessary to be in conformity with the current year figures.
8. Estimated amount of capital contracts remaining to be executed and
not provided for net of advance paid Rs. NIL (PY Rs. NIL).
9. The Company has not received any information from any of the
suppli- ers of their status as Small Scale Industrial Unit. Hence, the
amounts due to them outstanding as at 31st March 2014 is not
ascertainable.
10. Related party disclosures as per the Accounting Standard AS-18
issued by the Institute of Chartered Accountants of India:
a. List of related parties
i. Subsidiaries: The Company does not have any subsidiary Com pany.
i. Key Management personnel
Mr. Jagdish Agrawal
Mr. Sumit Agrawal
ii. Relatives of Key Management Personnel Ishita Pharmaceuticals
J & J Chemicals
Anvi Lifesciences Pvt Ltd
b. Transactions / balances outstanding with Related parties
Mar 31, 2013
1. Tax provision for income tax has been made as per the Income Tax
Act, 1961
2. Debit and credit balances in respect of debtors, loans and advances
and ;reditors are subject to confirmation and reconciliation.
3 In accordance with the Accounting Standard AS-11 issued by the
Institute of Chartered Accountants of India, net gain of Rs. 2.57 lacs
(PY loss of Rs. 0.20 lacs) due to foreign exchange fluctuations arising
on foreign currency transactions has been considered in the Profit and
Loss Account
4. In the year under review, the Company has provided the gratuity
Rs.17653 (PYRs.1385) towards gratuity calculated up to the date of Balance
Sheet date according to the Gratuity Act on incremental basis.
5 The company has provided for deferred tax of Rs. 174590 (P.Y. Rs. 115524)
for the year under review as per AS-22 in the profit and loss account.
6. Contingent liability to the extent not provided for : Rs. NIL ( P.Y Rs.
NIL)
7. Previous year figures have been regrouped and reclassified wherever
necessary to be in conformity with the current year figures.
8 Estimated amount of capital contracts remaining to be executed and
not provided for net of advance paid Rs. NIL (PY Rs. NIL).
9. The Company has not received any information from any of the
suppliersof their status as Small Scale Industrial Unit. Hence, the
amounts due to them outstanding as at 31st March 2013 is not
ascertainable.
10. delated party disclosures as per the Accounting Standard AS-18
issued by the Institute of Chartered Accountants of India:
a. List of related parties
i. Subsidiaries:The Company does not have any subsidiary Company. ii.
Key Management personnel
Mr. Jagdish Agrawal
Mr. Sumit Agrawal iii. Relatives of Key Management Personnel
Ishita Pharmaceuticals
J & J Chemicals
Anvi Lifesciences Pvt. Ltd.
b. Transactions / balances outstanding with Related parties
Mar 31, 2012
1. Tax provision income tax has been made as per the Income Tax Act,
1961..
2. Debit and credit balances in respect of debtors, loans and advances
and creditors are subject to confirmation and reconciliation.
3. In accordance with the Accounting Standard AS-11 issued by the
Institute of Chartered Accountants of India, net loss of i 0.20 lacs
(PY gain of Rs.0.92 lacs) due to foreign exchange fluctuations arising
on foreign currency transactions has been considered in the Profit and
Loss Account.
4. In the year under review, the Company has provided the gratuity
Rs.1385 (P.Y. Rs.1385) towards gratuity calculated up to the date of
Balance Sheet date according to the Gratuity Act on incremental basis.
5. The company has provided for deferred tax of Rs.115524 (P. Y.Rs.159721)
for the year under review as per AS-22 in the profit and loss account.
6. Contingent liability to the extent not provided for:Rs. NIL ( P.Y. Rs.
NIL)
7. Previous year figures have been regrouped and reclassified wherever
necessary to be in conformity with the current year figures.
8. Estimated amount of capital contracts remaining to be executed and
not provided for net of advance paid Rs. NIL (PY 7 NIL).
9. The Company has not received any information from any of the
suppliers of their status as Small Scale Industrial Unit. Hence, the
amounts due to them outstanding as at 31st March 2012 is not
ascertainable.
10. Related party disclosures as per the Accounting Standard AS-18
issued by Ihe Institute of Chartered Accountants of India:
a. List of related parties
i. Subsidiaries:The Company does not have any subsidiary Company.
ii. Key Management personnel
Mr. Jagdish Agrawal
Mr. Sumit Agrawal iii. Relatives of Key Management Personnel
Ishita Pharmaceuticals
J & J Chemicals
Mar 31, 2010
1. Tax provision for income tax has been made as per the Income Tax
Act, 1961.
2. Debit and credit balances in respect of debtors, loans and advances
and creditors are subject to confirmation and reconciliation.
3. In accordance with the Accounting Standard AS-11 issued by the
Institute of Chartered Accountants of India, net gain of Rs. 5.91 lacs
(PY loss of Rs. 1.25 lacs) due to foreign exchange fluctuations arising
on foreign currency transactions has been considered in the Profit and
Loss Account.
4. In the year under review, the Company has provided the gratuity Rs.
1385 (P.Y. Rs. 2596) calculated up to the date of Balance Sheet date
according to the Gratuity Act on incremental basis.
5. The company has credited the deferred tax assets of Rs. 153893
(P.Y. Rs. 531109) for the year under review as per AS-22 in the profit
and loss account.
6. Contingent liability to the extent not provided for : NIL ( P.Y Rs.
NIL)
7. Previous year figures have been regrouped and reclassified wherever
necessary to be in conformity with the current year figures.
8. Estimated amount of capital contracts remaining to be executed and
not provided for net of advance paid Rs. NIL (PY Rs. NIL).
9. The Company has not received any information from any of the
suppliers of their status as Small Scale Industrial Unit. Hence, the
amounts due to them outstanding as at 31st March 2010 is not
ascertainable.
10. Related party disclosures as per the Accounting Standard AS-18
issued by the Institute of Chartered Accountants of India:
a. List of related parties
i. Subsidiaries: The Company does not have any subsidiary
Company.
i. Key Management personnel
Mr. Jagdish Agrawal
Mr. Sumit Agrawal
ii. Relatives of Key Management Personnel
Ishita Pharmaceuticals
Umang Financial Services Ltd.
Anvi Lifesciences Pvt Ltd
J & J Chemicals
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