Mar 31, 2014
1. Previous year''s figures have been regrouped wherever necessary to
confirm to this year''s classifications
2. In the opinion of the management there is no such event occurred
after the date of Balance sheet, which needs to be adjusted in these
accounts.
3. In the opinion of the Board, the value on realization of loans,
advances and current assets in the ordinary course of business will not
be less than the amount at which they are stated in the Balance sheet.
4. There were no employee at any time during the year drawing
Rs.500000/- or more per month.
5. No. of employees in the company is not more than 10. Hence Gratuity
Act and ESIC Act is not applicable.
Since the no. of employees is less than 20, Provident fund Act is also
not applicable.
6. Segment Reporting
a) Business Segment: - The Company has considered business segment as
the primary segment to disclose. The company is engaged in the
rendering Cargo handling Services, which the context of AS-17 is issued
by the Institute of Chartered Accountants of India, is considered the
only business segments.
b) Geographical Segment: - The Company provides Services within India.
The condition prevailing in India being uniform No Separate
geographical segment disclosure is considered necessary.
7. Deferred Tax:-
In accordance with the Accounting Standard -22 "Accounting for taxes on
Income" issued by the Institute of Chartered Accountants of India, the
company has accounted for deferred tax during the period. The
cumulative net deferred tax assets of Rs. 22611.00 as on 31st March
2014 have been recognized. Consequently the excess Deferred Tax assets
of Rs 1087.00 has been recognized & debited to Profit & Loss
account.
8. Related Party disclosure: -
Disclosures as required by accounting standard 18 (AS-18) related party
'' disclosures issued by the institute of chartered accountants of India
are as follows and description of relationship.
a. Name of related parties
I. Subsidiaries - NIL
ii. Key management personal
1. Shri Ravi Kamra, Director
2. Shri Ravindra Pokharna, Director
3. Shri Rishi Dave, Director .
4. Shri Satyawati Parashar, Director
5. Shri Laxmi Narayan Kachavat, Director
6. Shri Mansoor Ahmed, Director
iii. Relative of key management personnel where transaction have been
taken place during the year.
1. New Era Alkaloids & Export Limited ''
Transaction with related parties referred to above in ordinary course
of business.
(Rs. in Lakhs)
9. In respect of Micro / Small / Medium Enterprises Development Act,
2006, certain disclosure is required to make relating to Micro / Small
/ Medium Enterprises. The company could not get relevant information
from its supplier about their coverage under the Act since the relevant
information is not readily available, no disclosure have been made in
the account. Hence disclosure, if any, relating to amounts unpaid as at
the yearend together With interest paid/ payable as required under the
said act have not been made
10. No interest has been recognized for the Earnest Money deposited
with SBI.
Mar 31, 2013
1.Accounting for taxes on Income" issued by the Institute of Chartered
Accountants of India, which has become mandatory from 1st April 2002
for non listed companies, the company has accounted for deferred tax
during the year. Consequently, the cumulative net deferred tax assets /
(liabilities) of Rs.23,697.00
2. As on 31st March'' 2013 has been recognized and adjusted from
Profit & Loss A/c.
4. Figures have been rounded of nearest Rupees & regroup rearranged as
compare to previous year, wherever felt necessary.
5 In the opinion of the Management, the Current Assets, Loans Advices
and Deposits approximately of the value stated if realized in the
ordinary course of business & provisions for all known habitués not
in excess of amount considered necessary. There are no coming
liabilities However, there is a contingent asset, earnest money(25 /»
of the big along given to State Bank of India(SBI) for participating in
auction ft* purchasing M/s Sessile Power & Engineering Pvt. Ltd''
bÂ* subs Â" y Company not deposited the balance amt. within the
specified time & as; per that the auction, the amount already deposited
by us is liable o forfeited The reason for non-payment of balance 75
/out. was use valid reason i.e. theft of some items from the plant site
after depositing o earnest money, which resulted in substantial decline
in the value of the plant machinery from the amt quoted by us in bid
The company treated the money as Deposit since the Company has
filed case against SBI, Stressed Assets Management Branch, Bhopal for
the management has virtual certainty that the verdict will be favor
of the Company.
6. There were no employee at any time during the year drawing
Rs.5,00,000/- or more per month.
7. Debit Balances in the accounts of Supplier, Banks & Others are
subject to confirmation and reconciliation.
8 Notes Â1" to "20" Form an integral part of the Balance Sheet and
Statement of Profit & Loss have been duly authenticated.
The company has only one class equity shares having par value of Rs 10
per share. Each equity share is entitled to one vote.
II Detail of shareholders holding more than 5% shares in (the Company
None of the members held more the 5% shares of the company during the
year.
AS the Company/ "cliudin8its resister shareholders / members and
other declaration received from shareholders readme beneficial
interest the above shareholding representing both legal add beneficial
ownership of shares.
Mar 31, 2012
1. Figures have been rounded of nearest Rupees & regrouped and
rearranged as compare to previous year, wherever felt necessary.
2. .In the opinion of the board of directors the Current Assets,
Loans and Advances have not a value on realization in the ordinary
course of bus at least equal to the amounts at which these are stated
and that the provisions for the known liability is adequate and not in
excess of the amount reasonable necessary. There are no contingent
liabilities.
3. There were no employee at any time during the year drawing
Rs.5,00,000/- or more per month.
4. Debit Balances in the accounts of Supplier, Banks & Others are
subject to confirmation and reconciliation.
Mar 31, 2011
1. Deferred Tax: In accordance with the Accounting Standard - 22
'Accounting for taxes on Income" issued by the Institute of Chartered
Accountants of India, which has become mandatory from 1st April' 2002
for non listed companies, the company has accounted for deferred tax
during the year. Consequently, the cumulative net deferred tax' assets
/ (liabilities) of Rs. 16967.49.00 as on 31st March' 2011 has been
recognized and adjusted from Profit & Loss A/c.
2. Figures have been rounded of nearest Rupees & regrouped and
rearranged as compare to previous year, wherever felt necessary.
3. In the opinion of the board of directors the Current Assets, Loans
and Advances have not a value on realization- in the ordinary course of
business,, at least equal to the amounts at which these are stated and
that the provisions for the known liability is adequate and not in
excess of the amount reasonable necessary. There are no contingent
liabilities. '
4. There were no employee at any time during the year drawing
Rs.2,00,000.00 or more per month.
5. Debit Balances in the accounts of Supplier, Banks & Others are
subject to confirmation and reconciliation.
6. Schedule A" to "R" Form an integral part of the Balance Sheet and
Statement of Pre-operative Expenditure and have been duly
authenticated.
7. Details required to be given as per the clause 4, 4A, 4B 4C and 4D
of the Schedule VI of the Companies Act, 1956 :
Mar 31, 2010
1. Deferred Tax; In accordance with the Accounting Standard - 22
"Accounting for taxes on Income" issued by the Institute of Chartered
Accountants of India, which has become mandatory from 1st April' 2002
for non listed companies, the company has accounted for deferred tax
during the year. Consequently, the cumulative net deferred tax assets /
(liabilities) of Rs.20222.00 as on 31st March' 2010 has been recognized
and adjusted from Profit & Loss A/c.
2. Figures have been rounded of nearest Rupees & regrouped and
rearranged as compare to previous year, wherever felt necessary.
3. In the opinion of the board of directors the Current Assets, Loans
and Advances have not a value on realization in the ordinary course of
business, at least equal to the amounts at which these are stated and
that the provisions for the known liability is adequate and not in
excess of the amount reasonable necessary. There are no contingent
liabilities.
4. There were no employee at any time during the year drawing
Rs,2,00,000.00 or more per month.
5. Debit Balances in the accounts of Supplier, Banks & Others are
subject to confirmation and reconciliation.
6. Schedule "A" to "P" Form an integral part of the Balance Sheet and
Statement of Pre-operative Expenditure and have been duly
authenticated.