Mar 31, 2015
1. Disclosures under Accounting Standards
Related party transactions
Details of related parties:
Description of relationship Names of related parties
Key Management Personnel (KMP) Mr. Pankaj Kumar Agarwal- Managing
Director
Mr. Sandeep Kumar Agarwal- Chief
Financial Officer
Ms. Kanika Agarwal- Company
Secretary
Relatives of KMP -
Company in which KMP / Relatives of KMP can exercise significant
influence
i) Eternity Vanijya Private Limited
ii) Mastak Commodities Private Limited
iii) Sanyukta Dealers Private Limited
Note: Related parties have been identified by the Management.
2. Corporate Overview
Mayukh Dealtrade Ltd., (Formerly Known As Mayukh Commercial Limited)
incorporated on 14th August 1980, having its registered office at 26/1,
Strand Road, 1st Floor, Kolkata- 700001, West Bengal. The Directors of
the company are Mr. Pankaj Kumar Agarwal, Mr. Sandeep Kumar Agarwal,
Mr. Manoj Mahipal and Ms. Pooja Saraogi.
Contingent liabilities & Commitments (to the extent not provided for):
Contingent liabilities.
Claims against the company not acknowledged as debt. : Nil
Guarantees : Nil
Other money for which the company is contingently liable : Nil
Commitments:
Estimated amount of contracts remaining to be executed
on Capital A/c & not Provided for : Nil
Uncalled liability on shares & other investments which are
partly paid : Nil
Other Commitments : Nil
3. Taxes on income
Current tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961.
4. Earnings per share
Basic earnings per share is computed by dividing the profit / (loss)
after tax (including the post tax effect of extraordinary items, if
any) by the weighted average number of equity shares outstanding during
the year. Diluted earnings per share is computed by dividing the profit
/ (loss) after tax (including the post tax effect of extraordinary
items, if any) as adjusted for dividend, interest and other charges to
expense or income relating to the dilutive potential equity shares, by
the weighted average number of equity shares considered for deriving
basic earnings per share and the weighted average number of equity
shares which could have been issued on the conversion of all dilutive
potential equity shares. Potential equity shares are deemed to be
dilutive only if their conversion to equity shares would decrease the
net profit per share from continuing ordinary operations.
5. Investment
Unquoted Shares are valued at cost.
6. Cash and Cash equivalents
Cash and Cash equivalents comprise cash and cash on deposit with banks
and corporations. The Company considers all highly liquid investments
with a remaining maturity at the date of purchase of three months or
less and that are readily convertible to known amounts of cash to be
cash equivalents.
7. Cash Flow Statements.
Cash Flow Statement has been prepared in accordance with Accounting
Standard 3 issued by Institute of Chartered Accountants of India.
Mar 31, 2014
(i) Previous year's figures have been regrouped/ re-arranged wherever
necessary.
(ii) The Company is listed on Calcutta Stock Exchange.
(iii) There is no Contingent Liability for the year under review.
(iv) There is no employee eligible for the benefit of gratuity; hence
no such provision is made.
(v) In the opinion of the Board and to the best of their knowledge and
belief, the value of realization of current assets in the ordinary
course of business will not be less than the amount at which they are
stated in the Balance Sheet.
(vi) The Company has no amount to be paid to Micro, Small and Medium
Enterprises in accordance with provisions of Micro, Small & Medium
Enterprises Development Act, 2006.
(vii) In terms of Accounting Standard 20, the calculation of EPS is
given below:-
(a) Profit/(Loss) after Taxation:-Rs. 1,718.00
(b) Weighted Average number of Equity Shares outstanding during the
year:- 200,000 shares.
(c) Normal value of shares:- Rs 10/ share
(d) Basic and Diluted EPS:- Rs. 0.01
(viii) Accordance with the Accounting Standard AS-22 "Accounting for
Taxes on Income" issued by the Institute of Chartered Accountants of
India, Deferred Tax Asset is not created as a matter of prudence as
there is no reasonably certainty of future profit.
(ix) As per information and explanation provided by the Management
there are no outstanding dues of SSI undertakings as required by
Schedule Vi of the Companies Act, 1956.
Mar 31, 2013
(i) Previous years figures have beer regrouped/ re-arramged wherever
necessary.
(ii) The Company is listed on Calcutta Stock Exchange.
iii) There is no Contingent Liablity for the year under review.
(iv) There is no employes eligible for the Benefit of gratuity hence no
such provision is made.
(v) In a opinion of the me Board and to the best or their knowledge and
belief me value of realization of current assets in the ordinary course
of business will not be less than the amount at which they are stated
in the balance sheet.
(vi) The company has no amour! to be paid to Micro Small and Medium
Enterprises inaccordance with provisions of Micro Small & Medium
Enterprises Development Act 2008.
(vii) In terms of Accounting Standard 20 the calcullation of EES is
given below:-
(a) Profit/Loss after Taxation (Rs. 485.00)
(b) Weighted Average number of Equity Shares outstanding during the
year:- 200. 000 shares
(viii) Accordance with the Accountning standard AS-22" ACCOUNTING
for taxes on income issued by the institute of chartered accountants
of India Deferred Tax assets us not created as a matter of
prudence as there is to reasonably certainly of future profit.
Mar 31, 2012
I) Previous year'S fogires ave been regrouped re er-ar ce d whet c
ror necessary.
ii) The Company sb&led co Calctlta Slock. Exchange.
iii) Tnera :S bo Contingent Liability for the year under review
(iv) There s no employee for the uenefit of gratuity, hence no such
provision is made.
(v) In the opinion of me board and to the best of their knowledge and
belief me value of realization or of current assets in the ordinary
course of busness will no! be '.-ss than the emourt a I v.hich the, lVc
staled in rh^ Stance Shan;
vi) Tfje Company ha a np amoun to be pa'C ta Micro Small and Med urn
Enlerpnsos ri aosoreance wi1h provisions ol Micro Emai.- & UBdiiiitr
Entemrses Development Act 20GS
vii) n tarns or .Accujnlrg Stonc^rc 20 Ine a culaHon cf EP5 s given
oelb'A - A. Profit1'! Loss) aher Ta^iLun - Es 7SC CO) Weighted Average
number of equity Shares outstanding during the year - 200.00C- snares
i,ci Normal va ud of shares Ps ID* sr.are (u; Basis a mu Diluted li-S
rRs 0 Q0)
Viii) Accordance ^vilh the Accounting Slandarc AS-2v 'Accounting fpr
Ta^os cn Inccme ss'.ac py |he Institute u~ Chartered ^ccc^nta.ntE of no
a Deferred Tax Assal is no: created bs e fatter c1 prudence os mere ;?
no masonaoly nmtainty cf future prOfil
ix) As oe: in formation and explanation fuvidec by the Mar:age.'-er:l
there pry no islanding dues cf ES' unde "takings as requ by Schecule V
s' me Cbmp-an as Act1956.
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