Mar 31, 2016
1. Company has taken unsecured loans from directors/shareholders time to time for the expenses incurred by the company & in our opinion this loans are not prejudicial to the interest of the company.
2. The Company has paid Managerial remuneration as under
3. Preliminary expenditure is being written/off over a period of five years.
4. As-15(Revised): accounting for the retirement benefits stipulates provision for retirement benefits on accrual basis. However, the company has been accounting for such payments of gratuity & leave encashment as and when it is actually paid.
Mar 31, 2015
1. Company has taken unsecured loans from directors/shareholders time
to time for the expenses incurred by the company & in our opinion this
loans are not prejudicial to the interest of the company.
2. During the company has paid directors remuneration of Rs.8,
00,000/- to the directors of the company (P.Y. R 8, 00,000/-).
3. The current assets, loans & advances are fully recoverable at the
values stated if realized in the ordinary course of business.
4. Preliminary expenditure is being written/off over a period of five
years.
5. As-15(Revised): accounting for the retirement benefits stipulates
provision for retirement benefits on accrual basis. However, the
company has been accounting for such payments of gratuity & leave
encashment as and when it is actually paid.
Mar 31, 2014
1. The Share of Profit from the firms in which the company is partner
is not accounted for as the books of accounts of the firms are not
finalized & the effects on the financial statements have not been
determined.
2. Related Party Transaction:
3. According to information & explanations given to us there is no
amount for which the company is contingently liable.
4. Preliminary expenditure is being written/off over a period of five
years.
Mar 31, 2013
1. The current assets, loans & advances are fully recoverable at the
values stated if realized in the ordinary course of business.
2. Company has taken unsecured loans from directors/shareholders time
to time for the expenses incurred by the company & in our opinion this
loans are not prejudicial to the interest of the company.
3. Current Assets & Current Liabilities are subject to confirmations.
4. During the year the company has paid directors remuneration of
Rs.9,80,000/- to the directors of the company (RY. Rs.2,00,000/-)
5. The Share of Profit from the firms in which the company is partner
is not accounted for as the books of accounts of the firms are not
finalized & the effects on the financial statements have not been
determined.
6. Related Party Transaction:
7. According to information & explanations given to us there is no
amount for which the company is contingently liable.
8. Preliminary expenditure is being written/off over a period of five
years.
Mar 31, 2012
NOTE:
PERSUANT TO SCHEME OF AMALGAMATION OF SHUBH MANAGEMENT CONSULTANTS
PRIVATE LTD. APPROVED BY HIGH COURT BOMBAY VIDE ITS ORDER DATED
30/03/2012, THE VALUE OF THE NET ASSETS OF THE TRANSFEROR COMPANY
OVERTHE PAID UP VALUE OF EQUITY SHARES TO BE ISSUED IS CREDITED TO
AMALGAMATION RESERVE.
NOTE : 1 - SHARE APPLICATION MONEY PENDING ALLOTMENT
PESUANT TO SCHEME OF AMALGAMATION OF SHUBH MANAGEMENT CONSUULTANTS PVT.
LTD. WITH THE COMPANY, HAS TO ALLOT 42,00,870 EQUITY SHARES OF RS. 10/-
EACH TO THE SHARE HOLDERS OF SHUBH MANAGEMENT CONSUULTANTS PVT. LTD.
THE COMPANY NEEDS TO INCREASE THE AUTHORISED CAPITAL TO COVER THE
ALLOTMENT OF THESE SHARES, PENDING ALLOTMENT APPLICATION MONEY PENDING
ALLOTMENT.
Pursuant to the Scheme, the Company has to allot 4,20,0870 equity
shares of 10/-each to the share holders of Shubh Management Consultants
Pvt. Ltd.
Increase in Authorised Capital for the allotment of this shares is
pending
Details of assets and liabilities acquired on amalgamation and
treatment of the difference between the net assets acquired by the
Company together with the shares to be issued to the shareholders is as
under
Share application money pending allotment
As at 31 March 2012, the Company has outstanding amount of
RS.4,20,08,700 towards share application money towards 42,00,870 equity
shares of the Company The share application money is outstanding in
pursuant to scheme of amalgamation of Shubh Management Consultants Pvt.
Ltd. With the company approved by the High Court Bombay ,the Company is
required to complete the allotment formalities.
The Company has to increase the authorised capital to cover the
allotment of these shares. Pending allotment of shares, the amount is
credited to share application money pending allotment.
2. There is no amount for which the company is contingently liable.
3. Preliminary expenditure is being written/off over a period of five
years.
4. The Revised Schedule VI has become effective from 1 April, 2011
for the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure & are not strictly comparable as previous years figures
are pre-merger & current year figures are post merger.
Mar 31, 2010
1) The current assets, loans & advances are fully recoverable at the
values stated if realized in the ordinary course of business.
2) Company has taken unsecured loans from directors / shareholders time
to time for the expenses incurred by the company & in our opinion this
loans are not prejudicial to the interest of the company.
3) Current Assets & Current Liabilities are subject to confirmations.
4) There is no amount for which the company is contingently liable.
5) Previous years figures are regrouped & recanted wherever necessary.
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