Jun 30, 2015
1. TAXATION
The company has no liability towards income tax, due to
its accumulated losses. Deferred tax Liability is recognized on timing
differences of depreciation between Income Tax and Books of Accounts.
The benefit of carry forward losses permissible, which company is
certain to realize with future profit is arrived as Deferred Tax Asset.
The Net of DTA and DTL are recognized in the financial statement.
2.. RELATED PARTY TRANSACTION
a) List of related parties :-
i) Keyb Management Personnel
M S Velu - Managing Director
Vignesh Velu -Director
ii) Other Related Parties
Shree Ganesh Gears Private Limited
The company manufactures and sells only one product, namely writing and
printing papers. The company finds no risks involved in the revenue and
expenses of the transaction
3. EXPENDITURE IN FOREIGN CURRENCY
a. Value of imports on CIF basis during the year NIL
b. Expenditure in Foreign Currency during the year NIL
c. Earnings in Foreign Currency during the year NIL
Net sales include sale of products manufactured exclusive of Excise
Duty and Sales/VAT Tax charged to customers.
4. The Company has not received from its vendors/ suppliers about
their status under the MSME Development Act 2006 and hence disclosing
the amounts unpaid as at the end of the year.
5. Sundry Debtors, Creditors, Unsecured Loans and Loans and Advances
are subject to confirmation and reconciliation and are stated at the
book balance thereof. Similarly, the balance of Share Application money
with Vysya Bank is subject to confirmation and reconciliation.
6. The company is not covered by ESI regulation.
Jun 30, 2014
The previous period figures have been regrouped/reclassified, wherever
necessary to conform to the current presentation.
1. CONTINGENT LIABILITIES
Contingent liabilities have not been provided for. The same will be met
as and when they arise.
2. SALES
Net sales include sale of products manufactured exclusive of Excise
Duty and Sales/VAT Tax charged to customers.
3. Sundry Debtors, Creditors, Unsecured Loans and Loans and Advances
are subject to confirmation and reconciliation and are stated at the
book balance thereof. Similarly, the balance of Share Application money
with Vysya Bank is subject to confirmation and reconciliation.
4. The company is not covered by E SI regulation.
5. TAXATION
The company has no liability towards income tax, due to its accumulated
losses.
Deferred tax Liability is recognized on timing differences of
depreciation between Income Tax and Books of Accounts. The benefit of
carry forward losses permissible, which company is certain to realize
with future profit is arrived as Deferred Tax Asset. The Net of DTA and
DTL are recognized in the financial statement.
6. SEGMENT REPORTING
The company manufactures and sells only one product, namely writing and
printing papers. The company finds no risks involved in the revenue and
expenses of the transaction
7. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to this year''s classification / comparison
Jun 30, 2013
1 CONTINGENT LIABILITIES
Contingent liabilities have not been provided for. The same will be met
as and when they arise.
2 SALES
Net sales include sale of products manufactured exclusive of Excise
Duty and Sales/VAT Tax charged to customers.
The Company has.not received from its vendors/ suppliers about their
status under the MSME Development Act 2006 and hence disclosing the
amounts unpaid as at the end of the year.
3 Sundry Debtors, Creditors, Unsecured Loans and Loans and Advances
are subject to confirmation and reconciliation and are stated at the
book balance thereof. Similarly, the balance of Share Application money
with Vysya Bank is subject to confirmation and reconciliation.
4 The company is not covered by E S I regulation.
5 Information pursuant to provisions of part II of Schedule VI to the
Companies Act 1956.
6 TAXATION
The company has no liability towards income tax, due to its accumulated
losses. >
Deferred tax Liability is recognized on timing differences of
depreciation between Income Tax and Books of Accounts. The benefit of
carry forward losses permissible, which company is certain to realize
with future profit is arrived as Deferred Tax Asset. The Net of DTA and
DTL are recognized in the financial statement.
7 SEGMENT REPORTING
The company manufactures and sells only one product, namely writing and
printing papers. The company finds no risks involved irfthe revenue
and expenses of the transaction.
8 Previous year figures have been regrouped / rearranged wherever
necessary to confirm to this year''s classification / comparison
Jun 30, 2011
1. CONTINGENT LIABILITIES
Contingent liabilities have not been provided for. The same will be
met as and when they arise.
2. SALES
Net sales include sale of products manufactured exclusive of Excise
Duty and SalesA/AT Tax charged to customers. It comprises of direct
sales and Depo Sales
The Company has not received from its vendors/ suppliers about their
status under the MSME Development Act 2006 and hence disclosing the
amounts unpaid as at the end of the year.
3. Sundry Debtors, Creditors, Unsecured Loans and Loans and Advances
are subject to confirmation and reconciliation and are stated at the
book balance thereof. Similarly, the balance of Share Application money
with Vysya Bank is subject to confirmation and reconciliation.
4. The company is not covered by E S I regulation.
5. Information pursuant to provisions of part II of Schedule VI of the
Companies Act 1956.
6. TAXATION
The company has no liability towards income tax, due to its accumulated
losses.
Deferred tax Liability is recognized on timing differences of
depreciation between Income Tax and Books of Accounts. The benefit of
carry forward losses permissible, which company is certain to realize
with future profit is arrived as Deferred Tax Asset. The Net of DTA and
DTL is recognized in the financial statement.
7. RELATED PARTY TRANSACTION
a. Relationship : Associate Company Shree Ganesh Gears Pvt.,Ltd
b. Nature of Transactions : Purchase of wind energy power
Rs.44,02,675/-
c. Outstanding balance as on 30.06.2011 : Rs.2,00,315/-
d. Amount Paid during the year : Rs. 1,28,03,525/-
8. SEGMENT REPORTING
The Company manufactures and sells only one product, namely writing and
printing papers. The company finds no risks involved in the revenue and
expenses of the transaction.
9. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to this year's classification / comparison.
Jun 30, 2010
1. CONTINGENT LIABILITIES
Contingent liabilities have not been provided for. The same will be met
as and when they arise.
2. SALES
Net sales include sale of products manufactured exclusive of Excise
Duty and SalesA/AT Tax charged to customers. It comprises of direct
sales and consignment sales.
3. As required by MSME Development Act 2006, the dues outstanding for
more than 45 days to Micro, Small and Medium Enterprises are given
below:-
Jaya Enterprises Rs.4,44,969/-
Venkateswara Minerals Rs.2,64,676/-
Amaravathi Tubes Rs. 1,95,547/-
The Company has not received from its vendors/ suppliers about their
status under the MSME Development Act 2006 and hence disclosing the
amounts unpaid as at the end of the year.
4. Sundry Debtors, Creditors, Unsecured Loans and Loans and Advances
are subject to confirmation and reconciliation and are stated at the
book balance thereof. Similarly, the balance of Share Application money
with Vysya Bank is subject to confirmation and reconciliation.
5. The company is not covered by E S I regulation,
6. Sri M S Velu, Managing Director and Smt S S Velu, Director, have
provided their personal guarantee to the term loans availed by the
company.
7 Information pursuant to provisions of part II of Schedule VI of the
Companies Act 1956.
8. TAXATION
The company has no liability towards income tax, due to its accumulated
losses.
Deferred tax Liability is recognized on timing differences of
depreciation between Income Tax and Books of Accounts. The benefit of
carry forward losses permissible, which company is certain to realize
with future profit is arrived as Deferred Tax Asset. The Net of DTA and
DTL is recognized in the financial statement.
9. RELATED PARTY TRANSACTION
a. Relationship Associate Company Shree Ganesh Gears Pvt.,Ltd
b. Nature of Transactions Purchase of wind energy power Rs.45,87,205/-
c. Outstanding balance as on 30.06.2010 : Rs.86,01,165/-
d. Amount Paid during the year : Rs. 34,80,789/-
10. SEGMENT REPORTING
The Company manufactures and sells only one product, namely writing and
printing papers. The company finds no risks involved in the revenue and
expenses of the transaction.
11. EXPENDITURE IN FOREIGN CURRENCY
a. Value of imports on CIF basis during the year NIL
b. Expenditure in Foreign Currency during the year NIL
c. Earnings in Foreign Currency during the year NIL
12. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to this years classification / comparison.
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