Mar 31, 2014
1. CONTIGENT LIABILITIES :
Contigent Liabilities in respect of show cause notices received are
considered only when they are converted into demands.
a) Claims against company not acknowledged as debt is Nil
2. PROVISION FOR INCOME TAX
Income tax comprises Current Tax and Deferred Tax. Income tax has been
provided at the applicable rates prevailing during the year. Deferred
tax Assets and liabilities are recognized for future Tax consequences
of tanning differences of taxable income or expenses as per books and
income tax, subject to the consideration of prudence, deferred tax
assets and liabilities are measured using the tax rate enacted or
substantially enacted the Balance sheet date.
3. There is no amount due to any enterprise, which is small scale and
ancillary undertaking for more than 30 days.
4. Previous years figures are regrouped or rearranged wherever
necessary.
Mar 31, 2013
1. CONTIGENT LIABILITIES :
Contigent Liabilities in respect of show cause notices received are
considered only when they are converted into demands.
a) Claims against company not acknowledged as debt is Nil
2. PROVISION FOR INCOME TAX
income tax comprises Current Tax and Deferred Tax, Income tax has been
provided at the applicable rates prevailing during the year. Deferred
tax Assets and liabilities are recognized for future Tax consequences
of tanning differences of taxable income or expenses as per books and
income tax, subject to the consideration of prudence, deferred tax
assets and liabilities are measured using the tax rate enacted or
substantially enacted the Balance sheet date.
3 There is no amount due to any enterprise, which is small scale and
ancillary undertaking for more than 30 days.
4. Previous years figures are regrouped or rearranged wherever
necessary.
Mar 31, 2012
1. CONTIGENT LIABILITIES:
Contigent Liabilities in respect of show cause notices received are
considered only when they are converted into demands.'
a) Claims against company not acknowledged as debt NIL (NIL)
b) The Company is in appeal against income tax assessments made for
A.Y:2006-07 & A.Y: 2007-08.- The demand created in these years is
Rs.1,20,752/- & Rs.3,93,676/- respectively.
2. PROVISION FOR INCOME TAX .
Income tax comprises Current Tax, Fringe Benefit Tax and Deferred Tax.
Income tax has been provided at the applicable rates prevailing during
the year. Deferred tax Assets and liabilities are recognized for future
Tax consequences of tanning differences of taxable income or expenses
as per books and income tax, subject to the consideration of prudence,
deferred tax assets and liabilities are measured using the tax rate
enacted or substantially enacted the Balance sheet date.
3. There is no amount due to any enterprise, which is small scale and
ancillary undertaking for more than 30 days.
4. Previous years figures are regrouped or rearranged wherever
necessary.
Mar 31, 2011
1. CONTIGENT LIABILITIES :
Contingent Liabilities in respect of show cause notices received are
considered only when they are converted into demands.
a) Claims against company not acknowledged as debt NIL (NIL)
b) The Company is in appeal against income tax assessments made for
A.Y:2006-07 & A.Y: 2007-08. The demand created in these years is Rs.
1,20,752/- & Rs.3,93,676/- respectively.
c) An income tax demand had been raised for A.Y: 2005-06 which the
company won in appeal & the demand created had been deleted. The
Income Tax department has preferred a 2nd appeal before the H'ble ITAT
(Mum) against part of the addition deleted. The company is contingently
liable for any demand that may arise in pursuance to the decision of
the ITAT. The demand that can arise, if the order goes against the
company, will be Rs.4,54,276/- along with interest accrued thereon.
2. EARNING PER SHARE :-
The basic earning per share is computed by dividing the net profit
attributable to equity shareholders for the year by the weighted
average number of equity shares outstanding during the year. As there
is no presence of dilutive potential equity shares, the diluted EPS is
same as basic EPS.
3. PROVISION FOR INCOME TAX
Income tax comprises Current Tax, Fringe Benefit Tax and Deferred Tax.
Income tax has been provided at the applicable rates prevailing during
the year. Deferred tax Assets and liabilities are recognized for future
Tax consequences of tanning differences of taxable income or expenses
as per books and income tax, subject to the consideration of prudence,
deferred tax assets and liabilities are measured using the tax rate
enacted or substantially enacted the Balance sheet date.
4. RELATED PARTY TRANSACTIONS:
a) List of related parties and relationship: -
Name Relationship.
Key Management 1. Ajit Singh Chawia Wholetime
Director
Personal 2. Kawaljit Singh Chawia Wholetime
Director
Relative of Key Quality Machine Tools One Director is
Management personal Partner in the firm
Firm.
b). Related party Transactions:
Relative of Key Personnel Purchase of Goods Nil Nil
Sale of Goods Nil Nil
Interest received Nil Nil
5. There is no amount due to.any enterprise, which is small scale and
ancillary undertaking for more than 30 days.
6. Previous years figures are regrouped or rearranged wherever
necessary.
Mar 31, 2010
1. CONTIGENT LIABILITIES :
Contigent Liabilities in respect of show cause notices received are
considered only when they are converted into demands.
a) Claims against company not acknowledged as debt NIL (NIL)
b) The Company is in appeal against income tax assessments made for
A.Y:2006-07 & A.Y: 2007-08. The demand created in these years is Rs.
1,20,752/- & Rs.3.93.676/- respectively.
c) An income tax demand had been raised for A.Y: 2005-06 which the
company won in appeal & the demand created had been deleted. The Income
Tax department has preferred a 2nd appeal before the Hble IT AT (Mum)
against part of the addition deleted. The company is contingently
liable for any demand that may arise in pursuance to the decision of
the ITAT. The demand that can arise, if the order goes against the
company, will be Rs.4,54,276/- along with interest accrued thereon.
2. EARNING PER SHARE :-
The basic earning per share is computed by dividing the net profit
attributable to equity shareholders for the year by the weighted
average lumber of equity shares outstanding during the year. As there
is no presence of dilutive potential equity- shares, the diluted EPS is
same as basic EPS.
3. Other Information:
Licenced capacity Not Applicable
Installed Capacity Not Applicable
Actual Capacity Not Applicable
4. PROVISION FOR INCOME TAX
Income tax comprises Current Tax, Fringe Benefit Tax and Deferred Tax.
Income tax has been provided at the applicable rates prevailing during
the year.
Deferred tax Assets and liabilities are recognized for future Tax
consequences of tanning differences of taxable income or expenses as
per books and income tax, subject to the consideration of prudence,
deferred tax assets and liabilities are measured using the tax rate
enacted or substantially enacted the Balance sheet date.
5. RELATED PARTY TRANSACTIONS:
a) List of related parties and relationship:-
Key Management Name Relationship
Director Ajit Singh Chawla Wholetime
Director Kawaljit Singh
Chawla Wholetime
Personal
Relative of Key Quality Machine
Tools One Director is
Management Partner in the firm
personal Firm,.
b) Related party Transcations:
Relative of Key Personnel
Purchase of Nil Nil
Goods
Sale of Goods Nil Nil
Interest received Nil Nil
6. There is no amount due to any enterprise, which is small scale and
ancillary undertaking for more than 30 days.
7. Previous years figures are regrouped or rearranged wherever
necessary.
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