Mar 31, 2014
NOTE 1 - EARNING PER SHARE
In compliance of Accounting Standard -20 on "Earning Per Share" issued
by The Institute of Chartered Accountants of India, the computation of
Earning per share is as under:
NOTE 2 - RELATED PARTY TRANSACTIONS List of Related Party
Name Designation
J. T. D''souza Chairman & Managing Director
Punit Neb Whole - time Director
Anand Raj Jain Non-Executive Director
In accordance with the Accounting Standard 18 on "Related Party
Disclosures" issued by the Institute of Chartered Accountants of India,
the transactions with the related parties of the Company are disclosed
below:
Note 3 - OTHER NOTES
a. There is no impairment of assets as per AS 28 issued by ICAI.
b. There are no dues to Small/Micro undertaking.
c. Contingent Liabilities - NIL
d. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount which they are stated and adequate provision of all
known liabilities of the Company has been made. Further balances are
subject to confirmation.
e. Previous year figures have been regrouped, reclassified and recast
wherever considered necessary.
f. Figures have been rounded off to nearest rupee.
Mar 31, 2013
1. There is no impairment of assets as per AS 28 issued by ICAI.
2. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount which they are stated and adequate provision of all
known liabilities of the Company has been made. Further balances are
subject to confirmation.
3. Previous year figures have been regrouped, reclassified and recast
wherever considered necessary.
4. Figures have been rounded off to nearest rupee.
Mar 31, 2012
(a) Term & right attached to Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs.10/- per share. Each holder of Equity Share is entitled to one vote
per share. In the event of liquidation, a shareholder will be entitled
to receive remaining assets of the Company after distribution of all
preferential amount. The distribution will be in proportion to the
Member of Equity Share held by the share holder.
1. Foreign Income & Outgo - NIL
2. During the year, the Company has not made provision for interest
payable to MSFC as the Company has entered into a One-Time-Settlement
[OTS] with MSFC and is the process of completing the same.
3. Contingent Liabilities: - NIL
4. There is no impairment of assets as per AS 28 issued by ICAI.
5. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount which they are stated and adequate provision of all
known liabilities of the Company has been made. Further balances are
subject to confirmation.
6. Previous year figures have been regrouped and reclassified
wherever necessary.
7. Figures have been rounded off to nearest rupee.
8. Prior Period Comparatives
a. Schedule VI of the Companies Act, 1956 is revised effective from
April 1, 2011. This has significantly impacted the disclosures and
presentation in the financial statements.
b. Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with current year's classification /
disclosures.
Mar 31, 2011
1. Capital work in progress includes capital & product launch
advances.
2. During the year, the Company has not made provision for interest
payable to MSFC as since 2006 negotiation for OTS with MSFC are in
progress.
3. Contingent Liabilities: - NIL
4. There is no impairment of assets as per AS 28 issued by ICAI.
5. In the opinion of the Board, the Current Assets, Loans and
Advances have a value on realization in the ordinary course of business
at least equal to the amount which they are stated and adequate
provision of all known liabilities of the Company has been made.
Further balances are subject to confirmation.
6. Previous year figures have been regrouped and reclassified
wherever necessary.
7. Figures have been rounded off to nearest rupee.
Mar 31, 2010
1. Capital work in progress includes capital & product launch
advances.
2. During the year, the Company has not made provision for interest
payable to MSFC as since 2006 negotiation for OTS with MSFC are in
progress.
3. Contingent Liabilities: - NIL
4. There is no impairment of assets as per AS 28 issued by ICAI.
5. In the opinion of the Board, the Current Assets, Loans and
Advances have a value on realization in the ordinary course of business
at least equal to the amount which they are stated and adequate
provision of all known liabilities of the Company has been made.
Further balances are subject to confirmation.
6. Previous year figures have been regrouped and reclassified
wherever necessary.
7. Figures have been rounded off to nearest rupee.
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