Mar 31, 2014
1 Based on the information / documents available with the Company, no
creditor is covered under Micro, Small and Medium Enterprise
Development Act, 2006. As a result, no interest provision/payments have
been made by the Company to such creditors, if any, and no disclosures
thereof are made in these accounts.
2 Sundry debtors are subject to confirmation by the respective parties.
3 Segment Report :
The Company is engaged in the business of Consultancy Activities and
there are no separate reportable segments as per Accounting Standard
17.
4 Related Party Disclosure :
As per accounting standard 18 the information for related parties is
given below:
KEY MANAGEMENT PERSONNEL ( KMP)
1. Kailash Chandra Sharma
2. Navin Chandra Sharma
3. Nirmala Devi Sharma
5 Deferred Taxation :
On the basis of prudent ground, no deferred tax Asset has been
recognised during the year. Company has carry forward losses under
Income Tax Laws but in the absence of virtual certainty of sufficient
future taxable income, in the opinion of management, deferred tax
assets has not been recognised by way of prudence in accordance with
AS-22 " Accounting For Taxes On Income " issued by the Institute of
Chartered Accountants of India.
6 The Company has Complied this information based on the current
information in its possession. As at 31.03.2014, No supplier has
intimated the Company about its status as a Micro or Small enterprise
or its Registration with the appropriate authority under the Micro,
Small and Medium Enterprises Development Act, 2006 amount due to Micro
Small and Medium Enterprises as on 31.03.2014 RS NIL ( PY RS NIL )
7 No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
payment of gratuity act
8 No provision has been made on account of leave salary as there are no
leave to the credit of employees as at the end of the year
9 Earning in foreign Currency Nil Nil
10 Expenditure in foreign Currency Nil Nil
11 Previous Year figures have been regrouped, rearranged or re-casted
wherever considered necessary.
Mar 31, 2013
1. Based on the information / documents available with the Company, no
creditor is covered under Micro, Smalland Medium Enterprise Development
Act, 2006. As a result, no interest provision/payments have been made
by the Company to such creditors, if any, and no disclosures thereof
are made in these accounts.
2. Sundry debtors are subject to confirmation by the respective
parties
3. Segment Report :
The Company is engaged in the business of Investing Activities and
there are no separate reportable segments as per Accounting Standard
17.
4. Related Party Disclosure :
As per accounting statndard 18 the information for related parties is
given below:
KEY MANAGEMENT PERSONNEL ( KMP )
1. Kailash Chandra Sharma
2. Navin Chandra Sharma
3. Nirmala Devi Sharma
5. Deferred Taxation :
On the basis of prudent ground, no deferred tax Asset has been
recogonised during the year. Company has carry forward losses under
Income Tax Laws but in the absence of virtual certainity of sufficient
future taxable income, in the opinion of management, deferred tax
assets has not been recogonised by way of prudence in accordance with
AS-22 " Accounting For Taxes On Income " issued by the Institute of
Chartered Accountants of India.
6. The Company has Complied this information based on the current
information in its possession As at 31.03.2013 , No supplier has
intimated the Company about its status as a Micro or Small enterprise
or its Registration with the appropriate authority under the
Micro,Small and Medium Enterprises Development Act , 2006. Amount due
to Micro Small and Medium Enterises as on 31.03.2013 RS NIL ( PY Rs. NIL
7. No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
payment of gratuity act
8. No provision has been made on account of leave salary as there are
no leave to the credit of employees as at the end of the year
9. Earning in foreign Currency Nil Nil
10. Expenditure in foreign Currency Nil Nil
11. Previous Year figures have been regrouped, rearranged or recasted
wherever considered necessary.
B. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The Company has only one class of equity share having par value of Rs
10 /- per share . Each holder of Equity share is entitled to one vote
per share.
In the event of liquidation of the company , the holder of equity
shares will be entitled to receive remaining assets of the Company
after distribution of all preferential amounts . The Distribution will
be in proportion to the number of equity share held by the shareholders.
As per the records of the Company, including its Register of Members
and other declarations received from the shareholders regarding
beneficial interest, the above shareholders represents legal ownership
of shares.
Mar 31, 2012
1 Based on the information / documents available with the Company, no
creditor is covered under Micro, Small and Medium Enterprise
Development Act, 2006. As a result, no interest provision/ payments
have been made by the Company to such creditors, if any, and no
disclosures thereof are made in these accounts.
2 Loans, advances and sundry debtors and sundry creditors balances are
subject to confirmation by the respective parties
3 Segment Report :
The Company is engaged in the business of Investing Activities and
there are no separate reportable segments as per Accounting Standard
17.
4 Related Party Disclosure :
As the Company has not paid anything to the Related Parties as required
as per Accounting Standard 18 issued by the Institute of Chartered
Accountants of India, there is no need of any disclosure.
5 Deferred Taxation :
On the basis of prudent ground, no deferred tax Asset has been
recogonised during the year. Company has carry forward losses under
Income Tax Laws but in the absence of virtual certainity of sufficient
future taxable income, in the opinion of management, deferred tax
assets has not been recogonised by way of prudence in accordance with
AS-22 " Accounting For Taxes On Income " issued by the Institute of
Chartered Accountants of India.
6 The Company has Complied this information based on the current
information in its possession . As at 31.03.2012 , No supplier has
intimated the Company about its status as a Micro or Small enterprise
or its Registration with the appropriate authority under the
Micro,Small and Medium Enterprises Development Act , 2006
Amount due to Micro Small and Medium Enterises as on 31.03.2012 RS NIL
( PY RS NIL)
7 No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
payment of gratuity act
8 No provision has been made on account of leave salary as there are no
leave to the credit of employees as at the end of the year
9 Earning in foreign Currency Nil Nil
10 Expenditure in foreign Currency Nil Nil
11 Previous Year figures have been regrouped, rearranged or recasted
wherever considered necessary.
12 Till 31St March, 2011 the Company was using pre revised Schedule VI
to the Companies Act 1956, for preparation and presentation of its
financial statements. During the year ended 31St March, 2012 the
Revised Schedule VI notified under the Companies Act, 1956 has become
applicable to the company. The Company has re classified previous year
figures as well as those in the bracket to confirm to this year''s
classification as per revised Schedule VI. The adoption of revised
Schedule VI does not impact recognition and measurement principles
followed for preparation of financial statements. However its
significantly impacts presentation and disclosure made in the financial
statements, particularly presentation of Balance Sheet.
B TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The Company has only one class of equity share having par value of Rs
10 /- per share . Each holder of Equity share is entitled to one vote
per share
In the event of liquidation of the company , the holder of equity
shares will be entitled to receive re- maining assets of the Company
after distribution of all preferential amounts . The Distribution will
be in proportion to the number of equity share held by the shareholders
Mar 31, 2011
01. The Company has Complied this information based on the current
information in its possession. As at 31.03.2010, No supplier has
intimated the Company about its status as a Micro or Small enterprise
or its Registration with the appropriate authority under the
Micro,Small and Medium Enterprises Development Act, 2006 Amount due to
Micro Small and Medium Enterprise as on 31.03.2011 Rs. NIL (PY Rs.
NIL)
02. No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
payment of gratuity act.
03 No provision has been made on account of leave salary as there are
no leave to the credit of employees as at the end of the year
04 Earning in foreign Currency NIL NIL
05 Expenditure in foreign Currency NIL NIL
06 Previous Year figures have been regrouped, rearranged or recasted
wherever considered necessary.