Mar 31, 2015
1. The Short Term Borrowings are Nil and Hence not Shown on the face of
Balance Sheet.
2. Provision for Payment of Gratuity to employees is not made. The same
is accounted in the year in which it is paid. Current Year an amount of
49,902/- has been paid. Contributions to defined contribution schemes
such as gratuity are charged to Profit and Loss account as incurred.
The Company also provides for retirement benefits in the form of
gratuity and leave encashment.
3. Deferred Tax Asset for the Current Year has been provided in
accordance with AS-22 & the same has been charged to Profit & Loss
Account.
4. Provision for current tax is made after taking into consideration of
benefits admissible under the provisions of Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is accounted for using the tax rates and laws that have
been enacted as on the balance sheet date. The deferred tax asset is
recognized and carried forward only to the extent that there is a
reasonable certainty that the assets will be realized in future.
All the loans mentioned above are unsecured and are receivable on
demand as and when required. All the above loans and advances is
provided to employees and the same is provided free of Interest.
5. The Current Investments and Inventories are Nil and Hence not Shown
on the face of the Balance Sheet.
6. In the opinion of the Board of Directors, the value on realization
of Current Assets, Loans and Advances and Receivables if realized in
the ordinary course of business, shall not be less than the amount at
which they are stated in the Balance Sheet and Receivables and Loans
and Advances including Capital Advances are Considered good and
recoverable on an ongoing basis.
7. The balances of Deposits Given, Loans and Advances and Receivables
are subject to Confirmation. There was no stock at start and close of
accounting year.
As On As On
Particulars 31.03.2015 31.03.2014
I) Contingent liability not
provided for Nil Nil
II) Estimated amount of contracts
remaining to be executed on capital
account and not provided for. Nil Nil
III) Payments to auditors
(i) As Auditors 75.00 75.00
IV) C.I.F.Value of Imports,Expenditure
and Earning in Foreign Currencies
(a) C.I.F. Value of Imports Nil Nil
(b) Expenditure in foreigh
Currencies Nil Nil
(C) Earnings in Foreign Currencies
Export Sales Nil Nil
V) Details of Licenced & Installed
Capacity,Production,Stocks & Turnover
(a) Licenced Capacity
(b) Installed Capacity
(c) Production - Press Parts N.A. N.A.
(excluding on labour charges basis) N.A. N.A.
(d) Stocks at commencement
Goods Traded in Nil Nil
Finished Goods Nil Nil
(e) Stocks at close
Goods Traded in Nil Nil
Finished Goods Nil Nil
(f) Imported and indigenous raw
material consumption
Indigenous Nil Nil
Imported Nil Nil
The additional information pursuant to the provisions of paragraphs
3,4C and 4D of part II of the schedule VI of
8) the Companies Act, 1956 to the extend they are applicable are given
below :
I. Company is mainly engaged in the job work of Decoiling,
Straightening, Cutting, Shearing of Hr. CR and MS Coils / Sheets. It
has no precise licensed capacities and installed capacities as such.
II. Company has earned gross receipt of Rs.1,13,30,234/- (Previous year
Rs.1,07,08,558.25/- ) on account of job work in respect of Decoiling,
straightening and warehousing.
III. Details as regards trading Activities in finished goods. As there
was no trading activity done during the year, the figures for current
year would be NIL.
Mar 31, 2014
1. Provision for current tax is made after taking into consideration of
benefits admissible under the provisions of Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is accounted for using the tax rates and laws that have
been enacted as on the balance sheet date. The deferred tax asset is
recognized and carried forward only to the extent that there is a
reasonable certainty that the assets will be realized in future.
Note ''N'': Notes Forming Part of the Account
As On As On
Particulars 31.03.2014 31.03.2013
Rs.(In ''000) Rs.(In ''000)
1) Contingent liability not provided for Nil Nil
2) Estimated amount of contracts
remaining to be executed on capital
account and not provided for. Nil Nil
3) Payments to auditors
(i) As Auditors 75.00 100.00
4) C.I.F.Value of Imports,Expenditure
and Earning in Foreign Currencies
(a) C.I.F. Value of Imports Nil Nil
(b) Expenditure in foreigh Currencies Nil Nil
(C) Earnings in Foreign Currencies
Export Sales Nil Nil
5) Details of Licenced & Installed
Capacity,Production,Stocks & Turnover
(a) Licenced Capacity
(b) Installed Capacity
(c) Production - Press Parts N.A. N.A.
(excluding on labour charges basis) N.A. N.A.
(d) Stocks at commencement
Goods Traded in Nil Nil
Finished Goods Nil Nil
(e) Stocks at close
Goods Traded in Nil Nil
Finished Goods Nil Nil
(f) Imported and indigenous
raw material consumption
Indigenous Nil Nil
Imported Nil Nil
The additional information pursuant to the provisions of paragraphs
3,4C and 4D of part II of the schedule VI of
6) the Companies Act, 1956 to the extend they are applicable are given
below :
I. Company is mainly engaged in the job work of Decoiling,
Straightening, Cutting, Shearing of Hr. CR and MS Coils / Sheets. It
has no precise licensed capacities and installed capacities as such.
II. Company has earned gross receipt of Rs.1,07,08,558.25/- (Previous
year Rs.2,02,05,730.00) on account of job work in respect of Decoiling,
straightening and warehousing.
III. Details as regards trading Activities in finished goods. As there
was no trading activity done during the year, the figures for current
year would be NIL.
Note ''O'': Revenue from Operations
Note : The sales mainly consist of job work income. The income from Job
work mainly includes recoveries for Decoiling, straightening, Cutting,
shearing and warehousing and other small recoveries on account of
loading and unloading, transportation charges.
Mar 31, 2013
1) Figures have been regrouped and rearranged wherever found
necessary.
2) Figures in brackets represent figures of previous year.
Mar 31, 2012
Notes :
1. The Long Term Borrowings, Other Long Term Liabilities and Long Term
Provisions are Nil and Hence not Shown on the face of Balance Sheet
2. Deferred Tax Liability for the Previous Year has been provided in
accordance with AS-22 & the same has been charged to Profit & Loss
Account. (Op.bal - Rs.6,06,874.15 Less Provided during the year -
Rs.3,35,947.05 equal to Cl.bal. - Rs.2,70,927.10)
3. Provision for current tax is made after taking into consideration
of benefits admissible under the provisions of Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is accounted for using the tax rates and laws that have
been enacted as on the balance sheet date. The deferred tax liability
is recognized and carried forward only to the extent that there is a
reasonable certainty that the assets will be realized in future.
Notes :
1. The Short Term Borrowings are Nil and Hence not Shown on the face
of Balance Sheet.
2. Provision for Payment of Gratuity to employees is not made. The
same is accounted in the year in which it is paid. Current an amount of
Rs.15,017/- has been paid. Contributions to defined contributioin
schemes such as gratuity are charged to Profit and Loss account as
incurred. The Company also provides for retirement benefits in the form
of gratuity and leave encashment.
Notes :
1. Market Value of Equity Instruments as on 31/03/2012 is
Rs.83,22,353.00 (Previous Year Rs.95,94,354.70).
2. Investments are valued at cost. Any temporary dilution has not been
provided for as they are meant for long term.
Notes :
1. Deferred Tax Asset for the Current Year has been provided in
accordance with AS-22 & the same has been charged to Profit & Loss
Account. (Op.bal - (Rs.2,70,927.10) Add Provided during the year -
Rs.4,26,310.00 equal to Cl.bal. - Rs.1,55,382.90). Below is the Working
for the same :
2. Provision for current tax is made after taking into consideration
of benefits admissible under the provisions of Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is accounted for using the tax rates and laws that have
been enacted as on the balance sheet date. The deferred tax asset is
recognized and carried forward only to the extent that there is a
reasonable certainty that the assets will be realized in future.
Note :
All the loans mentioned above are unsecured and are receivable on
demand as and when required. All the above loans and advances is
provided to employees and the same is provided free of Interest.
Notes:
1. The Current Investments and Inventories are Nil and Hence not Shown
on the face of the Balance Sheet.
2. In the opinion of the Board of Directors, the value on realization
of Current Assets, Loans and Advances and Receivables if realized in
the ordinary course of business, shall not be less than the amount at
which they are stated in the Balance Sheet and Receivables and Loans
and Advances including Capital Advances are Considered good and
recoverable on an ongoing basis.
3. The balances of Deposits Given, Loans and Advances and Receivables
are subject to Confirmation. There was no stock at start and close of
accounting year.
Note 'O': Notes Forming Part of the Account
As On As On
Particulars 31.03.2012 31.03.2011
Rs.(In '000) Rs.(In '000)
1) Contingent liability
not provided for Nil Nil
2) Estimated amount of
contracts remaining to be
executed on capital account
and not provided for. Nil Nil
The additional information pursuant to the provisions of paragraphs
3,4C and 4D of part II of the schedule VI 6) of the Companies Act, 1956
to the extend they are applicable are given below :
I. Company is mainly engaged in the job work of Decoiling,
Straightening, Cutting, Shearing of Hr. CR and MS Coils / Sheets. It
has no precise licensed capacities and installed capacities as such.
II. Company has earned gross receipt of Rs.4,61,25,038.15/- (Previous
year Rs.5,90,81,253.14/-) on account of job work in respect of
Decoiling, straightening and warehousing.
III. Details as regards trading Activities in finished goods. As there
was no trading activity done during the year, the figures for current
year would be NIL.
Mar 31, 2010
1. Estimated amount of contracts remaining to be executed on Capital
Account (Net of Advance) and not provided for Rs. Nil (Previous Year
Rs. Nil)
2. In the opinion of the Board of Directors, the value on realization
of current Assets. Loans and Advances and Receivables if realized in
the ordinary course of business, shall not be less than the amount at
which they are stated in the Balance Sheet and Receivables and Loans
and Advances including Capital Advances are considered goods and
recoverable on an ongoing basis.
3. The balances of Sundry Creditors, Deposits Given, Loans and
Advances and Receivables are subject to confirmation. There was no
stock at close of accounting year.
4. The Trading activity is as such stopped by the company. Thus the
sales mainly consist of job work income. The income from Job work
mainly includes recoveries for Decoiling, straightening, Cutting,
shearing and warehousing and other small recoveries on account of
loading and unloading, transportation charges.
5. Deferred Tax Liability of Rs.325460/- since incorporation has been
provided in accordance with AS-22 & the same has been charged to
General Reserves. Current years Deferred Tax Liability has been charged
to Profit & Loss A/c.
6. Pursuant to the agreements of Leave and License entered in to by
the company, the following related parties have been paid rental
charges for Machinery & Office Premises.
Current Year Previous Year
1. Digha Steel industries Pvt.Ltd. Rs 7,20,000 Rs.7,20,000
2. Ashok Maganlal Mehta (HUF) Rs 3,60,000 Rs.3,60,000
8. The additional information pursuant to the provisions of paragraphs
3,4C and 4D of part II of the schedule VI of the Companies Act, 1956 to
the extend they are applicable are given below.
I. Company is mainly engaged in the job work of Decoiling,
Straightening, Cutting, Shearing of Hr. CR and MS Coils/Sheets. It has
no precise licensed capacities and installed capacities as such.
II. Company has earned gross receipt of Rs. 3, 13,63,240.74/-(Previous
year Rs. 4, 78,95,266.41/-) on account of job work in respect of
Decoiling, straightening and warehousing.
III. Details as regards trading Activities in finished goods.
As there was no trading activity done during the year, the figures for
current year would be NIL.
B. The consumption of Materials, Stores and Spares is in the nature of
small tools and accessories, which are required to be replaced on
account of wear and tear in the ordinary course of business. The same
does not admit for the quantitative details.
C. Value of imported and indigenous Material Stores and Spares
consumed during the year.
All indigenous Rs. NIL (NIL)
D.C.I.F. Value of Import made Rs. Nil (Nil).
D. Expenses incurred and remittance made in Foreign Currency during
the year Foreign Travels Rs.NIL(Rs. NIL)
E. Details of Foreign shareholdings and details of dividend remitted
thereon are not applicable.
F. Earning in Foreign Exchange Rs. Nil (Nil).
7. Figures have been regrouped and rearranged wherever found
necessary.
8. Figures in brackets represent figures of previous year.