Mar 31, 2016
Notes forming part of the on financial statements as on 31.3.2016
Samco Commodities Ltd(formerly known as Samruddhi Tradecom India . Ltd)
Bombay Exim Pvt Ltd
Jinal Finvest Pvt Ltd
Jimeet Developers Pvt Ltd
Ashwa Realty (India) Pvt Ltd
Galaxy Realty Pvt Ltd
Niralee Properties Pvt Ltd
High Rise Realty Pvt Ltd
Anish Properties Pvt Ltd
Saria Builders & Developers Pvt Ltd
Piyali Builders & developers Pvt Ltd
Rock Builders & Developers Pvt Ltd
Win Sure Trade Invest Private Limited
Hansa Villa Realty Private Limited
Intellivate Capital Advisors Ltd.
Intellivate Capital Ventures Ltd.
(a) The transactions entered with the realted parties are in ordinery course of business and on arms length basis of the cos.
(b) Related parties relationship is as identified by the management and relied upon by the auditor.
(c) No amounts in respect of related parties have been writeen off/written back, nor provision madefordoubtful during the year.
1 Retirement Benefits
''Long Term Employee Benefits are not provided because no employee has completed full year of service.
2. Provision for Taxes
Provision for current tax has been made as perthe provisions ofthe Income TaxAct 1961.
3. ''In the opinion of Management, the CurrentAssets, Loansand Advances are approximately ofthe value as stated if realised in the ordinary course of business.
4. ''Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.
5. The figures ofthe previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current yearâsclassification.
Notes:
(1) This form of proxy in order to be effective should be duly completed and deposited at the Registered Office ofthe Company not less than 48 hours before the commencement ofthe meeting.
(2) A Proxy need not be a member of the Company.
(3) Aperson can act as proxy on behalf of members not exceeding fifty and holding in the aggregate not more than 10% of the total share capital of the Company carrying voting rights. A member holding more than 10% of total share capital of the Company carrying voting rights may appoint a single person as proxy and such person shall not act as a proxy forany other person orshareholder.
(4) * This is only optional. Please put a ''X'' in the appropriate column against the resolutions indicated in the Box. If you leave the ''For/Assent'' or ''Against/Dissent'' column blank against any or all the resolutions, your Proxy will be entitled to vote in the manneras he/she thinks appropriate.
(5) In the case of joint holders, the signatures of any one holder will be sufficient, but names of all the joint holders should be stated.
Mar 31, 2015
Note 1. Share Capital
Note 1. (a) Rights, Preferences & Restrictions attach to equity shares
The Company has one class of Equity shares having par value of Rs 10/-
per share. Each shareholder is eligible for one vote per share held.
The dividend proposed by the board of directors is subject to the
approval of the shareholders in the ensuing Annul General Meeting,
except in case of interim devidend. In the event of liquidation, the
Equity Shareholder are eligible to receive the remaining assest of the
company after distribution to all preferential amounts, in proportion
to their shareholding.
Note 2. Corporate information
ICVL Steels Limited (the Company) is a Public Company and is
incorporated under the provisions of The Companies Act,1956. The
company is engaged in the Business of trading in Steels & Shares.
Mar 31, 2014
1.1 As regards compliance of Provision as per the requirement of Sec
22 of the Micro, Small and Medium enterprises act 2006 relating to dues
to the Micro, Small and Medium enterprises. The company has not
received from any parties claim to be small scale industries and the
said information is notgiven.
1.2 Segment Information
The company is operating only in one segment.
1.3 Related party disclosures under Accounting Standard-18 List of
Related Parties where Control exists:
Samruddhi Finstock Ltd Samruddhi Stock Brokers Ltd Samruddhi Tradecom
India Ltd Bombay Exim Pvt Ltd Jinal Finvest Pvt Ltd Jimeet Developers
Pvt Ltd Ashwa Realty (India) Pvt Ltd Galaxy Realty Pvt Ltd Niralee
Properties Pvt Ltd High Rise Realty Pvt Ltd Anish Properties Pvt Ltd
Saria Builders & Developers Pvt Ltd Piyali Builders & developers Pvt
Ltd Rock Builders&Developers Pvt Ltd Win Sure Trade Invest Private
Limited Hansa Villa Realty Private Limited ICVLChemicalsLtd.
Intellivate Capital Advisors Ltd.
Intellivate Capital Ventures Ltd.
1.4 Retirement Benefits
Long Term Employee Benefitsare not provided because no employee has
completed full year of service.
1.5 Provision for Taxes
Provision forcurrenttax has been made as perthe provisions ofthe
Income Tax Act 1961.
1.6 In the opinion of Management, the CurrentAssets, Loans
andAdvances are approximately ofthe value as stated ifrealised in the
ordinary course of business.
1.7 Balances standing to the debit/credit of parties is subject to
confirmation bythemand reviews by the Company.
1.8 The figures ofthe previous year have been regrouped, rearranged
and reclassified wherever necessary to conform to current year''s
classification.
Mar 31, 2013
Corporate information
ICVL Steels Limited (the Company) is a public company and is
incorporated under the provisions of the Companies Act, 1956. The
Company is engaged in the Business of trading in Steels & Shares.
1.1 As regards compliance of provision as per the requirement of sec 22
of the Micro, Small and Medium enterprises act 2006 relating to dues to
the Micro, Small and Medium enterprises. The Company has not received
from any parties claim to be small scale industries and the said
information is not given.
1.2 Segment Information
The Company is operating only in one segment.
1.3 Related party disclosures under Accounting Standard-18
List of Related Parties where Control exists:
Samruddhi Finstock Ltd
Samrunddhi Stock Brokers Ltd
Samruddhi Tradecom India Ltd
Bombay Exim Pvt Ltd
Jinal Finvest Pvt Ltd
Jimeet Developers Pvt Ltd
Ashwa Realty (India) Pvt Ltd
Galaxy Relalty Pvt Ltd
Niralee Properties Pvt Ltd
High Rise Realty Pvt Ltd
Anish Properties Pvt Ltd
Saria Builders & Developers Pvt Ltd
Piyali Buliders & Developers Pvt Ltd
Rock Builders & Developers Pvt Ltd
Win Sure Trade Invest Private Limited
Hansa Vilia Reality Private Limited
ICVL Chemicals Ltd
Interllivate Capital Advisors Ltd
Interllivate Capital Ventures Ltd
1.4 Retirement Benefits
Long Term Employee Benefits are not provided because no employee has
completed fully year of service.
1.5 Provision for Taxes
Provision for current tax has been made as per the provisions of the
Income Tax Act 1961.
1.6 In the opinion of Management, the Current Assets, Loans and
Advances are approximately of the Value as stated if realised in the
ordinary course of business.
1.7 Balances standing to the debit/credit of parties is subject to
confimation by them and reviews by the Company.
1.8 The Figures of the previous year have been regrouped, rearranged
and recalssified wherever necessary to confirm to current year''s
classification. The figures are not comparible with those of previous
year due to damerger of the Advisory dividison, Chemical division and
Steel division of Intellivate Capital Ventures Ltd.
1.9 The Financial Statements for the year ended March 31, 2013 are
prepared as per the Revised Schedule VI Under the Companies Act, 1956.
Mar 31, 2012
Additional Disclosure 1(A):
i) During the year, pursuant to the scheme of Arrangement U/s 391 to
394 and other applicable provisions of the Companies Act, 1956. There
was demerger of Steel Division of the Intellivate Capital Ventures
Limited with the company. Pursuant to the scheme of demerger is
sanctioned and approved by the Hon'ble High Court of judicature at
Bombay on 16th December 2011, and upon filing the said order with
Registrar of Companies, with Maharashta on 20th Januan/,2012, the said
scheme became effective.
ii) The scheme of arrangement has been given effect in these financial
statements and in pursuant to the said scheme:
The said approved scheme of arrangement has been given effect with
effect from Appointed date i.e. April 1, 2011 in these financial
statements, pursuant to the provisions contained in Section 391 to 394
and other relevent provisions if any. Accordingly the Assets &
Liabilities of Steel division of Intellivate Capital Venture Limited
are vested and transferred to the company, being third resultant
company at book values on the appointed date i.e. April 1, 2011 and on
a going concern basis, in accordance with Section 2(19AA) of the Income
Tax Act, 1961.
iii. Accordingly, the existing Shareholders of Intellivate Capital
Ventures Ltd. (Demerged Company) have been issued and alloted shares of
the company as under:
iv.6(Sixteen) fully paid Equity Shares of Rs.10/- each of the company
is issued and alloted to the Shareholders of Intellivate Capital
Ventures Ltd. for every 150(One Hundred Fifty) fully paid Equity Shares
of Rs.1/- each held by them in Intellivate Capital Ventures Ltd. i.e.
the company has issued 3104000 shares.
v. The difference between the transferred assets and liabilities and
issue of shares by the company is adjusted against Capital Reserve
account.
Note 1: Corporate information
ICVL Steels Limited (the Company) is a Public Company and is
incorporated under the provisions of The Comapnies Act, 1956. The
company is engaged in the Business of trading in Steels.
2.1 in the opinion of Management, the Current Assets, Loans and
Advances are approximately of the value as stated if realised in the
ordinary course of business.
2.2 Balances standing to the debit/credit of parties is subject to
confirmation by them and reviews by the Company.
2.3 This is the First Accounting period of the company therefore ,
previous year figures are not given.. The company incorporated on 4th
March, 2011. Pursuant to the scheme of Arrangement U/s 391 to 394 and
other applicable provisions of the Companies Act, 1956. There was
demerger of Steel Division of the Intellivate Capital Ventures Limited
with the company. The scheme of arrangement is sanctioned and approved
by the Hon'ble High Court of judicature at Bombay on 16th December
2011, and upon filing the said order with Registrar of Companies, with
Maharashta on 20th January,2012, the said scheme became effective.
Pursuant to the scheme of Arrangement U/s 391 to 394 and other
applicable provisions of the Companies Act, 1956. There was demerger of
Steel Division of the Intellivate Capital Ventures Limited with the
company. Accordingly Income & Expenses of the steel division is merged
with the company.
2.4 Tne fjnancia| statements for the period ended March 31, 2012 are
prepared as per the Revised Schedule VI under the Companies Act,1956.
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