Mar 31, 2018
Note 1 :
The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS-17 Segmental Reporting is not applicable
Note 2:
The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment of Assets" does not arise.
Note 3:
Consumption of Materials, Spares Parts and Companies
Note 4
Purchases, Sales and Inventory details for trading activity
(Since item wise details were not maintained for the previous year the required details could not be provided)
* Details of Purchases, Sales and Inventory of individual items are not available
Note 5:
Imports CIF Basis : Nil
Note 6:
Earnings and Expenditure in Foreign Exchange : Nil
Note 7:
Previous year''s figures have been regrouped wherever necessary to confirm to the current years classification.
Mar 31, 2015
Note.1
Related party disclosures
List of Related Parties:
i) Key Management Personnel : Mr. K.V. Rajasekhar Reddy, Chairman & MD.
ii) Relative of Key Management Personnel.
iii) Enterprises over which Key
Management personnel Exercise significant influence. :
Note 2
The Company operates in one segment only. Hence the requirement of
giving segmental information as per the accounting standards AS - 17
'Segmental Reporting' is not applicable.
Note 3
The Management is of the opinion that as on the Balance Sheet date,
there are no indications of a material impairment loss on Fixed Assets,
hence the need to provide for impairment loss as per AS-28 "Impairment
of Assets" does not arise.
Note 4
Purchases, Sales and Inventory details for trading activity.
(Since item wise details were not maintained for the previous year the
required details could not be provided.)
Note 5
Imports on CIF Basis - Nil
Note 6
Earnings & Expenditure in Foreign exchange- NIL
Note.7
Previous year's figures have been regrouped wherever necessary to
confirm to the current year's classification.
Mar 31, 2014
Note - 1 - A - Terms / Rights attached to Equity Shares:
The Company has only one class of Equity Shares having a Par Value of
Rs. 10 /- per share. Each holder of Equity Shares is entitled to one
vote per share.
In the event of liquidation of the Company the holder of Equity Share
will be entitled to receive remaining Assets of the Company in
Proportion to number of Equity Shares held.
Note 2
The Company operates in one segment orJy. Hence the requirement of
giving segmental information as per the accounting standards AS-17
''Segmental Reporting'' is not applicable.
Note 3
The Management is of the opinion that as on the Balance Sheet date,
there are no indications of a material impairment loss on Fixed Assets,
hence the need to provide for impairment loss as per AS-28 "Impairment
Of Assets" does notarise.
Note 4
Consumption of Materials, Spare parts and Components.
Note 5
Imports on CIF Basis - Nil
Note 6
Earnings & Expenditure in Foreign exchange- NIL
Note 7
Previous year''s figures have been regrouped wherever necessary to
confirm to the current year''s classification.
Mar 31, 2013
Note 1
The Company operates in one segment only. Hence the requirement of
giving segmental information as per the accounting standards AS - 17
''Segmental Reporting'' is not applicable.
Note 2
Imports on C1F Basis - Nil
Note 3
Earnings & Expenditure in Foreign exchange- NIL
Mar 31, 2012
(aa) AS - 1 Impairment of assets
The company doesn't have any impaired assets.
(bb) AS - 2 Provisions, contingent liabilities and contingent assets
The company doesn't have any contingent liabilities as per AS-29.
(cc) AS 3 - Financial instruments: Recognition and Measurement
The Company has chosen not to adopt the Accounting Standard 30
"Financial Instruments: Recognition and Measurement".
B. Other Notes and Additional Disclosures:
a. Capital Commitments:
Estimated amount of Contracts to be executed on Capital not provided
for (Net of Advances) - NIL
b. Trade Payables doesn't include any due to parties covered under
Micro, Small and Medium Enterprises Development Act, 2006 as at March
31, 2012
c. Auditors Remuneration:
a. Previous year's figures have been regrouped wherever necessary to
conform to the current year's classification.
Mar 31, 2011
1. Previous year figures are regrouped or reclassified wherever
necessary.
2. Directors' Remuneration: Rs.3,00,000/-
3. Auditors remuneration:
- Statutory audit fee: Rs.50,000/- (Previous year:Rs.10,000/-)
4. The Company during the financial year has ventured in Granites
Mining activities around Hyderabad and also plans to venture in to
mining business across Andhra Pradesh.
5. Deferred tax liability is not recognized for the tax effect at
present tax rates on the difference between taxable income and
accounting income, which is not permanent in nature in view of
uncertainty in future, operations.
6. Related Party Information
Relationship: Shareholder Mr.M.Srinivasa Reddy, having substantial
shareholding in the company is also a shareholder with substantial
shareholding in M/s. Farmax India Limited
7. Capital Commitments:
Estimated amount of contracts to be executed on capital not provided
for (net of advances) - NIL
8. Contingent Assets and Liabilities: There is no Contingent Asset or
Liability for or against the Company not acknowledge as debt during the
period.
9. Particulars of employees in accordance with Section 217 (2A) of
the Companies Act, 1956 read with Companies (Particulars of Employees)
Rules 1975 are nil.
10. There are no outstanding over dues to small-scale industrial
undertakings and/or ancillary industrial suppliers on account of
principal and /or interest at the close of the financial year. This
disclosure is based on the documents/information available with the
company.
11. Balance Sheet abstract and Company's general business profile are
attached separately.
12. All figures have been rounded off to the nearest rupee.
Mar 31, 2010
1. Previous year figures are regrouped or reclassified wherever
necessary.
2. Authorized Capital of the Company is enhanced to Rs.30.00 Crores
from the existing Rs.3.00 crores vide resolution passed in the
Extra-ordinary General Meeting held on in the month of Feb.2010.
However relevant documents have not been filed with Registrar of
Companies and fee not been paid.
3. Directors Remuneration
NIL
4. Auditors remuneration:
- Statutory audit fee: Rs. 10,000 (Previous year: Rs.5, 000/-)
5. There is a change in the Management and the Company diversified its
activities into infrastructure since February 2010. The production and
sale of such activities cannot be expressed in any generic unit. Hence
it is not possible to furnish the quantitative details and the
information as required under Paragraphs 3, 4C and 4D of part II of
Schedule VI to the Companies Act, 1956.
6. Deferred tax liability is not recognized for the tax effect at
present tax rates on the difference between taxable income and
accounting income, which is not permanent in nature in view of
uncertainty in future, operations.
7. Capital Commitments:
Estimated amount of contracts to be executed that are not provided for
(net of advances) - NIL
8. Contingent Assets and Liabilities: There is no Contingent Asset or
Liability for or against the Company nor acknowledged as debt during
the period.
9. Particulars of employees in accordance with Section 217 (2A) of
the Companies Act, 1956 read with Companies (Particulars of Employees)
Rules 1975 are nil.
10. There are no outstanding over dues to small-scale industrial
undertakings and/or ancillary industrial suppliers on account of
principal and /or interest at the close of the financial year. This
disclosure is based on the documents/information available with the
company.
11. Balance Sheet abstract and Companys general business profile are
attached separately.
12. All figures have been rounded off to the nearest rupee.
13. Foreign Currency Transactions:
The Company has no Foreign Currency Transactions during the period.
Since, the Company has no Foreign Exchange Income or Expenditure,
disclosures required under Schedule VI of the Companies Act, 1956 is
not applicable.
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