Mar 31, 2014
COMPANY INFORMATION:
Sheraton Properties & Finance Limited (''The Company) is a public
limited company domiciled in India.
2 Contingent Liabilities are not provided form the accounts. The
details of contingent liabilities are as follows:
As at 31/03/2014 As at 31/03/2013
(Rs.. in Lacs) {Rs.. in Lacs)
Income lax Liability including
Interest (up to the last notice of
Demand recieved) due for the
A.Y. J 990-91 163.32 163.32
(The appeal is punding before Higher authority. the Company has
deposited Rs.. 1.24,83,600/- towards said demands. The Company has not
acknowledged the liability as debt.)
3) There are no employees during the year hence the company has not
provided for the employees liability as required by AS-15 revised 2005
"Limpioycc Benefits".
4) Segment reporting in accordance with Accounting Standards is not
applicable to Company.
5) Related Party Disclosure:
As per Accounting Standard of issued b> the Institute of Chartered
Accountant of India the Company''s related parties and transaction
are disclosed below-
(i) List of realted parties there control exists and related
parties with whom transactions have taken place and relationships;
6) Previous year figures are rearranged/ regrouped wherever necessary
Mar 31, 2013
1) Deferred Taxation :
a. In the absence of block of assets no provision for deferred tax has
been made as required by the Accounting Standard - 22 "Accounting for
Taxes on Income" issued by the Institute of Chartered Accountants of
India.
b. Provision for Current Year Income Tax if any has been made in the
accounts for the financial year as per Income Tax Act 1961.
2) Contingent Liabilities are not provided for in the accounts. The
details of contingent liabilities are as follows:
(The appeal is pending before Higher authority. The Company has
deposited Rs. 1,24,83,600/- towards said demands. The Company has not
acknowledged the liability as debt)
3) There are no employees during the year hence the company has not
provided for the employees liability as required by AS-15 revised 2005
"Employee Benefits".
4) Segment reporting in accordance with Accounting Standards 17 is not
applicable to Company.
5) Previous year figures are rearranged/ regrouped wherever
necessary.
Mar 31, 2012
1.1 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 equity shareholder is entitled to one vote per
share. The company declars and pays dividend in Indian rupees.
The
dividend proposed by the Board of Directors is subject to the approval
of the shareholders in the ensuing Annual General meeting.
2) Deferred Taxation :
a. In the absence of block of assets no provision for deferred tax has
been made as required by the Accounting Standard - 22 'Accounting for
Taxes on Income' issued by the Institute of Chartered Accountants of
India.
b. Provision for Current Year Income Tax if any has been made in the
accounts for the financial year as per Income Tax Act 1961.
3) Contingent Liabilities are not provided for in the accounts:
As at 31/03/2011 As at 31/03/2010
(RS in Lacs) (RS in Lacs)
Income Tax Liability
including Interest (up .
to the last notice of
Demand recieved) due
for the A. Y. 1990-91 163.32 163.32
(The appeal is pending before Higher authority. The Company has
deposited Rs. 1,24,93,600/- towards said demands. The Company has not
acknowledged the liability as debt.)
4) There are no employees during the year hence the company has not
provided for the employees liability as required by AS-15 revised 2005
'`Employee BenefitsÃ.
5) Segment reporting in accordance with Accounting Standards 17 is not
applicable to Company.
6) Previous year figures are rearranged/regrouped wherever necessary.
Mar 31, 2011
1) Contingent Liabilities are not provided for in the accounts:
As at 31/03/2011 As at 31/03/2010
(RS in Lacs) ( RS in Lacs)
Income Tax Liability including
Interest (up to the last notice of
Demand received) due for the
A.Y. 1990-91 Rs. 163.32 Rs. 163.32
(The appeal is pending before Higher authority. The Company has
deposited Rs.1.24,3 3,600/- towards said demands. The Company has not
acknowledged the liability as debt.)
2) The Earning Per Share is Rs.(0.044).
3) There are no employees during the year hence the company has not
provided for the employees liability as required by AS-15 revised 2005
"Employee Benefits".
4) Segment reporting in accordance with Accounting Standards 17 is not
applicable to Company.
5) Additional information required under part II of the schedule VI of
the Companies Act, 1956 are either NIL or NOT APPLICABLE to the
Company.
6) Other information required under Part IV of the Schedule VI of the
Companies Act, 1956 is enclosed as Annexure.
7) Previous year figures are rearranged/regrouped wherever necessary.
8) Signatures of Schedule 'A' to" P.