Mar 31, 2017
1. Confirmation in respect of the khan# and advance have not been received
2. The Board has been recommended a dividend @ 1% i.e. Rs. 0.01 per equity share of Rs l/-each for the financial year ended March 31, 2017, subject to the approval of slaveholders in the ensuing Annual General Meeting.
3. During the year company has complied with the guidelines issued by the Reserve Bank of India In respect of prudential Norms for Income recognition and Provisioning for Non Performing Assets.
4. Additional information pursuant to provisions of paragraph 5 of schedule III of the Companies Act 2013.
Expenditure incurred in foreign currency during the year Nil CIF Value of Imports of Capital Goods Nil
5. Retirement Benefits: Accounting Standard -15 ''Employees Benefits" not applicable
6. Contingent Liabilities: NIL
7. As per the definition of Business Segment and Geographical. Segment contained in Accounting Standard 17 âSegment Reporting". the management is of the opinion that the Company''s operation comprise of operating in Primary and Secondary market and incidental activities thereto, there is neither more than one importable business segment nor more than one reportable geographical segment finder therefore, segment information as per Accounting Standard 17 is not required to be disclosed.
8. Details of amounts due to Micro, Small and Medium Enterprise under the head current liabilities, based on the information available with the Company and relied upon by the auditors- Nil (Previous Year - Nil)
9. In the opinion of the management, at current assets, loans anti advances would be realizable at least an amount equal to the amount at which they are stalled in the Balance Sheet. Also there is no impairment of fixed assets.
10. During the year company has formed two 100% wholly owned subsidiaries.
11. M/s S. L. Developers Pvt Ltd
12.. M/s Viji Housing Finance HJ
Mar 31, 2016
1. Confirmation in respect of the loans and advance have not been received.
2. Short terms loans and advances include amount of Rs. 2,99,800/- which is given to shareholders of S L Developers Pvt. Ltd. to purchase of shares.
3. The Board has been recommended a dividend @ 3% i.e. Rs. 0.30 per equity share of Rs. 10/-each for the financial year ended March 31, 2016, subject to the approval of shareholders in the ensuing Annual General Meeting.
4. During the year company has complied with the guidelines issued by the Reserve Bank o f India in respect of prudential Norms for Income recognition and Provisioning for Non Performing Assets.
5. Assets classification 8s Provision there on: -
6. Retirement Benefits: Accounting Standard -15 "Employees Benefits" not applicable
7. Contingent Liabilities: NIL
8. As per the definition of Business Segment and Geographical Segment contained in Accounting Standard 17 âSegment Reportingâ, the management is of the opinion that the Company''s operation comprise of operating in Primary and Secondary market and incidental activities thereto, there is neither more than one reportable business segment nor more than one reportable geographical segment, and, therefore, segment information as per Accounting Standard 17 is not required to be disclosed.
9. Details of amounts due to Micro, Small and Medium Enterprise under the head current liabilities, based on the inform take available with the Company and relied upon by the auditors- Nil (Previous Year - Nil).
10. Disclosure pursuant to Rdated party disclosure (Accounting Standard -18)
Key Management Personnel & Relatives
Shri Vijay Kothari Director
Shri Manish Tambi Whole Time Director
Shri. Suresh Singh Jain Independent Director
Shri Hiren Kamdar Independent Director
Ms. Roshani Maheshwari Independent Director
Ms. Shilpa Kothari Relative of Director
Ms. Neha Tambi Relative of Director
Arushi Homes As sociate firm
11. Previous year''s figures have been reclassified regrouped and rearranged wherever found necessary to make them comparable.
Mar 31, 2015
1.Terms/rights attached to equity shares:
The company has only clases of equity shares having a par value of Rs.10
per share Each holder of equity shares is entitled to one vote per
share.
2. In the opinion of the Board of Directors the current assets (except
Loans & Advances) have value on realization in the ordinary course of
the business as
3. Confirmation in respect of the any ofdebit balance, loans, advance
and borrowing have not been received and in absence thereof their
correctness can't be ascertained.
4. The Board of Directors of the Company has passed a resolution for
not holding an) public deposit as on date as well as non acceptance of
any public deposit in future without obtaining written prior permission
from the Reserve Bank of India, accordingly the company has not
accepted any public deposit during lhe financial year ended on J1 1
March, 2015.
5. The Board of Director have recommended a dividend q 3% t,e. Rs.
0.30 per equity share of Rs, 10/-each for the financial year ended
March 31,2015.
6. During the year company has complied with the guidelines issued by
the Reserve Bank of India m respect of prudential Norms for Income
recognition and Provisioning for Non Performing Assets.
7. Expend t mre incurred in foreign currency during the year NIL
8. Re li remem Benefits: These a re no t appli ca ble.
9. Contingent Liabilities: NIL
10. No contracts-remains to be executed on capital Account and not
provided for as. on 31 March. 2015.
11. Expenditure in foreign currency: NIL
12. C.I.F. value of imports: NIL
13. The companv is a public limited company and listed in stock
exchanges.
14 In accordance with the provision of accounting standard -17 the
Company have only one reporting segment.
15. The company owes no dues to small and medium enterprises which are
outstanding for more than 45 days at the balance sheet date.
16. During the year, lire company has revised its estimates of useful
life of its fixed assets as prescribed in Part C in Schedule II of the
Company's Act 2013. Caring amount less residual value of the assets
whose remaining useful life lias become Nil has been adjusted with the
opening balance of retained earnings.
17. Related party disclosure [AccountingStandard - 18)
Key.Management Personnel Sa Relatives
Shri Vijay Kothari Director
Shri ManishTambi Whole Time Director
Shri.Suresh Singh Jain Independent Director
Shri Hiren Kamdar Independent Director
MsRoshaniM ahe sh wan LndependcntDirector
Ms. Shilpa Kothari Relative of Director
Ms. Neha Tambi Relative of Director
Arusht Homes Associate firm
18. PixVtous war's iiyurea have htvn rwlassi/ivil regrouped and
rearaanged Win-(ever found ncossiir}1 to make them comparable
Mar 31, 2014
1. INCOME/EXPENDITUREDURINGTHE CONSTRUCTION PERIOD
No construction activities undertaken during the year hence not
applicable.
2. INVENTORIES
No inventory held, hence notapplicable.
3. RESEARCH AND DEVELOPMENT
Beingfinance company no research activity carried outhence
notapplicable
4. In opinion of the Board, the provision for known liabilities are
adequate
a) Company has also not made provisions of interest on advances and on
disputed these advances provision for bad doubtful debts has been made
already existing as per policy of Reserve Bank of India for Non Banking
Finance company:
b) Assets classification & Provision there on: -
c) Expenditure incurred in foreign currency during the year Nil.-
d) Fixed Assets: Fixed Assets has been shown at cost price including
all installation expenses.
e) Deprecation has been charged on S.L.M. as prescribed under the
Companies Act. 1956.
f) Retirement Benefits: These are not applicable.
g) Investment Investments are value at cost price.
h) Contingent Liabilities: NIL
i) No contracts-remains to be executed on capital Account and not
provided for as on 31st March, 2014.
j) Expenditure in foreign currency: NIL
k) C.I.F value of imports: NIL
l) The company is a public limited company but it has listed in stock
exchanges during the year.
m) In accordance with the provision of accounting standard -17 the
Company have only one reporting segment.
Related party disclosure (Accounting Standard -18]
Key Management Personnel & Relatives
Shri Vijay Kothari Director
Shri Manish Tambi Whole Time Director
Shri Manish Sanghavi Director
Shri Suresh Singh Jain Director
Shri Hiren Kamdar Director
n) Earning per share
Profit (Loss) per share in based on profit (loss) for the year after
tax reported in the Profit and Loss account, divided by 7500000 equity
shares issued.
o) Previous year''s figures have been reclassified regrouped and
rearranged wherever found necessary to make them comparable.
Mar 31, 2012
A) INCOME RECOGNITION
Interest and other income are accounted on accrual basis on loans &
advance but where receipt of interest is doubtful/ N.P.A. no provision
has been made in the books.
b) During the year company has complied with the guidelines issued by
the Reserve Bank of India in respect of prudential Norms for Income
recognition and Provisioning for Non Performing Assets.
c) BORROWING COST: borrowing cost that is attributable to the
acquisition construction or production of qualifying assets are
capitalizes as part of the cost of such assets. All other borrowing
costs are recognized as an expense in period which they are incurred.
d) EXPENSES
It is the policy of the company to provide all the expenses on accrual
basis.
e) PROFIT AND LOSS ACCOUNT
f) In the opinion of the Board of Directors the current assets (except
Loans & Advances) have value on realization in the ordinary course of
the business as least equal the amount at which these are stated.
g) Confirmation in respect of the any of debit balance, loans, advance
and borrowing have not been received and in absence thereof their
correctness can''t be ascertained.
h) Previous year''s figures have been reclassified regrouped and
rearranged wherever found necessary to make them comparable.
i) Company has also not made provisions of interest on advances and on
disputed these advances provision for bad doubtful debts has been made
already existing as per policy of Reserve Bank of India for Non Banking
Finance company:
j) In view of the unsatisfactory business environment, the company does
not expect sufficient future taxable income. As such the company has
not recognized any deferred tax assets/ liabilities in accordance with
Accounting Standard 22 "Accounting for taxes on income" issued by
the Institute of Chartered Accountants of India.
k) Fixed Assets: Fixed Assets has been shown at cost price including
all installation expenses.
l) The company is a public limited company ,but it has listed in stock
exchanges during the year.
m) In accordance with the provision of accounting standard -17 the
Company have only one reporting segment.
n) Profit (Loss) per share
Profit (Loss) per share in based on profit (loss) for the year after
tax reported in the Profit and Loss account, divided by 3000000 equity
shares issued.
Mar 31, 2011
A) INCOME RECOGNITION
Interest and other income are accounted on accrual basis on loans &
advance but where receipt of interest is doubtful/ N.P.A. no provision
has been made in the books.
b) During the year company has complied with the guidelines issued by
the Reserve Bank of India in respect of prudential Norms for Income
recognition and Provisioning for Non Performing Assets.
c) BORROWING COST: borrowing cost that is attributable to the
acquisition construction or production of qualifying assets are
capitalizes as part of the cost of such assets. All other borrowing
costs are recognized as an expense in period which they are incurred.
d) EXPENSES
It is the policy of the company to provide all the expenses on accrual
basis.
1. Audit Fees 10000/-
e) PROFIT AND LOSS ACCOUNT
f) In the opinion of the Board of Directors the current assets (except
Loans & Advances) have value on realization in the ordinary course of
the business as least equal the amount at which these are stated.
g) Confirmation in respect of the any of debit balance, loans, advance
and borrowing have not been received and in absence thereof their
correctness can''t be ascertained.
h) Previous year''s figures have been regrouped and rearranged wherever
necessary.
i) Company has also not made provisions of interest on advances and on
disputed these advances provision for bad doubtful debts has been made
already existing as per policy of Reserve Bank of India for Non Banking
Finance company:
j) In view of the unsatisfactory business environment, the company does
not expect sufficient future taxable income. As such the company has
not recognized any deferred tax assets/ liabilities in accordance with
Accounting Standard 22 "Accounting for taxes on income" issued by
the Institute of Chartered Accountants of India.
k) Expenditure incurred in foreign currency during the year Nil.- n)
Fixed Assets: There is Fixed Assets.
l) Contingent Liabilities: NIL
M) Preliminary & preoperative expenses, Capital issue expenses are
amortized equally over a period of ten years.
N) The company is a public limited company ,but it has not listed in
stock exchanges during The year.
O) In accordance with the provision of accounting standard -17 the
Company have only one reporting segment.
Profit (Loss) per share in based on profit (loss) , for the year after
tax reported in the Profit and Loss account, divided by 3000000 equity
shares issued.
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