Home  »  Company  »  Mobile Telecommu  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Mobile Telecommunications Ltd.

Mar 31, 2016

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on “Impairment of Assets” issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the vear.

4. In order to strength the financial position of the company and to support to fund flow position the Managing Director, Anil B Vedmehta have foregone his Managerial Remuneration for the FY 201415 and other directors have not taken any financial benefits including directors board sitting fees.

5. The balances of debtors, creditors, loans & advances are subject to confirmation.

6. The previous year’s figures are regrouped, rearranged or recast, wherever required, to make them comparable.


Mar 31, 2015

I. OTHER NOTES ON ACCOUNTS

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the year.

4. In order to strength the financial position of the company and to support to fund flow position the Managing Director, Anil B Vedmehta have foregone his Managerial Remuneration for the FY 2014-15 and other directors have not taken any financial benefits including directors board sitting fees.

5. The balances of debtors, creditors, loans & advances are subject to confirmation.

6. The previous year"s figures are regrouped, rearranged or recast, wherever required, to make them comparable.


Mar 31, 2014

1.01 OTHER NOTES ON ACCOUNTS

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the year.

4. The balances of debtors, creditors, loans & advances are subject to confirmation.

5. The previous year''s figures are regrouped, rearranged or recast, wherever required, to make them comparable.


Mar 31, 2013

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the year.

4. The balances of debtors, creditors, loans & advances are subject to confirmation.

5. The previous year''s figures are regrouped, rearranged or recast, wherever required, to make them comparable.


Mar 31, 2012

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the year.

4. The balances of debtors, creditors, loans & advances are subject to confirmation.

5. The previous year''s figures are regrouped, rearranged or recast, wherever required, to make them comparable.


Mar 31, 2011

1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.

2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there are no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.

3. In accordance with the Accounting Standard (AS) 28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the year.

4. Deferred Tax :

The Company estimated deferred tax Assets / Liabilities using the applicable rate of taxation based on the impact of the timing differences between financial statements and estimated taxable income for the current year. Deferred tax Liability for the year aggregating to Rs14,54,928/-(Rs. 405064/-/-) has been recognized in Profit & Loss Account. The net deferred tax liability as at 31st March, 2011 is given below:

Note : Figure in the bracket indicates for the previous year.

5. Income and Expenditure in Foreign Currency:

Income in Foreign Currency:

Export Sales : Rs. 38.76.20 Lacs (Rs. 42.20 Lacs)

Expenditure in Foreign Currency:

Imports of Raw Material Rs. 6.29 Lacs (Nil)

Imports of Machinery and Tools Rs. 71.39 Lacs (Rs. 32.57 Lacs) Advance given Rs.18.85 Lacs

6. Related Party Disclosures:

(a) Name of Related party and its Relation ship

Key Management Personnel

Mr. Anil B. Vedmehta

M/s. Media Matrix Worldwide Ltd.

M/s. Quantum eServices Pvt. Ltd.,

M/s Proximus Knowledge & Technology Services P Ltd.

Chairman and Managing Director CMD''s relatives are directors Few Common Directors CMD and his relatives are directors

7. The balances of debtors, creditors, loans & advances are subject to confirmation.

8. During the previous year ended on 31st March, 2010 the Company has sold investment of Subsidiary Company M/s Quantum e Services P Limited hence there is no existence of subsidiary Company

9. The previous year''s figures are regrouped, rearranged or recast, wherever required, to make them comparable.

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X