Mar 31, 2015
1. Terms /rights attached to shares issued subscribed & paid-up
The company has only one class of equity shares having a par value of
Rs.10 per share. Each holder of equity shares is entitled to one vote
per share. The company has not declared any dividend.
2. For the period of last five years from this Balance Sheet date the
company has not allotted any bonus shares, or issued any shares for
consideration other than cash or has bought back any shares.
3. Nature of Security and terms of repayment for Borrowings
Working capital loan from State Bank of India is secured by equitable
mortgage on Flat no. 70, 7th Floor, Blue Haven, Mount Pleasant Road,
Malabar Hill, Mumbai- 400006 in the name of director of the company and
hypothecation of all fixed assets and entire current assets of the
company.
Further secured by personal guarantee of the directors Sh. Kishore
Mehta and Smt. Asha Mehta
There is no default in repayment of loan and interest as on the date of
Balance Sheet.
4. The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
5. No amount due/ payable to any Micro, Small & Medium Enterprises.
6. Segment Reporting
(a) Primary Segment (Business Segment) :-During the year the major
operations of the company were trading operation, which constituted
more than 90% of the total revenue of the company. Hence no separate
disclosure of segments is required.
(b) Secondary Segment (Geographical Segment) : The entire sales of
company is within India therefore it has only one geographical segment.
Hence no separate disclosure of segments is required.
7. Contingent Liabilities:- NIL
8. In the opinion of management, loans & advances and investments are
approximately of the value stated, if realised in the ordinary course
of business unless and otherwise stated. The provisions of all
liabilities are adequate and not in excess of the amount reasonably
necessary.
9. C.I.F Value of Imports Nil Nil
10. F.O.B. value of exports Nil Nil
11. Expenditure in foreign currency Nil Nil
12. Expenditure in foreign currency Nil Nil
13. Disclosure as required by Accounting Standard - 18 on "Related
Party Disclosures" issued by the Institute of Chartered Accountants of
India are as follows :
a) Relationship
i. Key Management Personnel & their relatives
Mr. Kishore Mehta, Director Mrs. Asha Mehta
ii. Enterprises owned or significantly influenced by key management
personnel or their relatives where transactions have taken place:
ABOK Spring Pvt. Ltd.
Quanta Plast Polymers Pvt. Ltd.
Mar 31, 2014
1. i. The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
ii. No amount due/ payable to any Micro, Small & Medium Enterprises.
iii. The company has not recognised deffered tax asset on carry forward
of tax losses and depreciation, as there is no virtual certainty that
such deffered tax asset will be realised against future taxable
profits.
2. SEGMENT REPORTING
(a) Primary Segment (Business Segment) : The Company''s operations
comprises of only one segment i.e., Software Sale and Software
Consultancy.
(b) Secondary Segment (Geographical Segment) : The entire sales of
company is within India therefore it has only one geographical segment.
Hence no separate disclosure in separate of segments required.
3. CONTINGENT LIABILITIES:- NIL
4. In the opinion of management, loans & advances and investments are
approximately of the value stated, if realised in the ordinary course
of business unless and otherwise stated. The provisions of all
liabilities are adequate and not in excess of the amount reasonably
necessary.
5. Figures have been rounded off to the nearest rupee.
Mar 31, 2013
1. The previous year''s figures hove been reworked, regrouped,
rearranged and reclassified wherever necessary. Amounts and other
disclosures for tile preceding year are included as on integral port of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating 10 the current year.
2. No amount due/ payable to any Micro, Small & Medium enterprises
3. The company has not recognised deffered tax csset on carry forward
of tox losses end depreciation, as there is no virtual certointy that
such deffered tax asset will be realised against future toxable
profits.
4, Segment Reporting
a) Primary Segment (Business Segment) : The Company''s operations
comprises of only one segment i.e., Consultancy.
b) Secondary Segment (Gegraphical Segment) : The entire soles of
company is within India therefore it has only one geographical segment.
Hence no separate disclosure in separate of segments required.
5. Contingent Liabilities:- NIL
6. In the opinion of management, loans & advances and investments are
approximately of the value staled, if realised in the ordinary course
of business unless and otherwise stated. The provisions of al
liabilities are adequate and not in excess of the amount reasonably
necessary.
7. Figures hove been rounded off to the nearest rupee.
Mar 31, 2012
1. The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amounts and other
disclosures for the preceding year are included os an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating" to the current year.
2. No amount due/ payable to any Micro. Small & Medium Enterprises.
3. The company has not. recognised deffered tax asset on carry forward
of tax losses and depreciation, as there is no virtual certainty that
such deffered fax asset will be realised against future taxable
profits.
4. Seqment Reportinq
(a) Primary Segment (Business Segment) : The Company's operations
comprises of only one segment i.e.. Consultancy.
(b) Secondary Segment (Gegraphical Segment) : The entire sales of
company is within Indio therefore it has only one geographical segment.
Hence no separate disclosure in separate of segments reouired.
5. Contingent Liabilities:- nil
6. In the opinion of management, loans & advances and investments ore
approximately of the value slated, if realised in the ordinary course
of business unless and otherwise staled. The provisions of all
liabilities ore adequate and not in excess of the amount reasonably
necessary.
7. C.I.F Value of Imports Nil Nil
8. F.O.B. value of exports Nil Nil
9. Expenditure In foreign currency Nil Nil
10. Disclosure as required by Accounting Standard - 18 on "Related
Party Disclosures" issued by the Institute of Chartered Accountants of
India ore as follows:
a) Relationship
i. Key Management Personnel & their relatives
Mr. Kishore Mehta, Director
Mrs. Asha Mehta
if. Enterprises owned or significantly influenced by key management
personnel or their relatives where transactions have taken place:
ABoK Spring Pvt. Ltd.
Note : Related party relationship is as identified by the company &
relied upon by the Auditors:
11. Figures have been rounded off to the nearest rupee.
Mar 31, 2011
1. The Company has not received any communication from the suppliers
regarding their sfalus under the Micro. Small and Medium Enterprises
Development Act. 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid / payable
as required under the said Act hove not been given.
2. Deferred Tax. AS 22
The company has not recognised deffered tax asset on carry forward of
tax losses and depreciation, as there is no virtual certainly that such
def fared fox asset will be realised against future taxable profits.
3. segment Reporting
a) Primary Seernenl IBusInoss Segment) : The Company''s operations
comprises Of only one Segment I.e.. Consellancy.
b) Secondary Segment (GegraphIcal Segment) : The entire solos of
company is within India therefore it has only one geographical segment.
Hence no separate disclosure in separate at segments required.
4. Contingent Liability NIL
5. In the opinion of management, sundry debtors, loons S. advances and
investments cite approximately of the value slated, if realised in the
ordinary course of business unless and otherwise stated. The provisions
of all liabilities are adequate and not in excess of the amount
reasonably necessary.
6. The Balance of Sundry Debtors, Creditors ,Loans & Advances and
Investments are subject to confirmation.
7. Loans and advances includes a sum of Rs.44.35.250/- {Previous Year
45,92,250/-j due from Shri Kishoro Mehl° director of the company
maximum amount Rs. ef.5,92,250/- (Previous Year 3.56,25.943/-).
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article