| 1.Right,Preferences and Restrictions attached to Equity Share:-
The company has one class of equity shares having a par value of R s.
10 per share each Shareholder is eligible for one vote per held in the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the company after distribution of all
preferential amounts. In propartion of their shareholding
2. Company purchased membership of U P Stock Exchange Association
Limited in the year 1995-96 for Rs.10,00,000 (face value Rs 2000.0O &
Security deposit Rs. 10000 00) The Company has surrendred the same
during the year to UPSE and received back security deposit of Rs.
10000/- only as per UPSE letter no UPSE/2012-13/Margin/2371 Dated
11-12-12 Further the Company had during the year paid Rs 1563758/-
against SEBI Turnover fees & interest thereon of previous years as
finilised by SEBI on surrender of the membershipof the U.PStoek
Exchange Assn Ltd
3. There is no permanent dimunition in the value of Investments as on
31 st March, 2013 as per the guidelines of AS-13 Issued by the ICAI
Thus the company has valued investments at cost as The company is doing
business of shares & securities The profit /loss will be accounted for
on sale of these securities as it is the main business of the company
The company has not accounted for diminution in the value of the
investment of unquoted equity shares if any as it could not be
ascertained in want of the final accounts of the companies in which
investments were being made, therefore market value of unquoted equity
share is taken as nil.
4. Company invested Rs. 1,45,100.00 in Holiday Resorts of sterling
Securities Ltd. on time sharing basis and valued at cost (Market value
not known).
5. Debtors,Creditors,Loans&Advances accounts are subject to
confimnation
6. (a) U.P.S.E. Delivery account amounting Rs. 109131.13 is
irrovercoverable and transferred to bad debts accounts as the company
surrendered UPSE Membership card and on surrender the U.P Stock
Exchange has not taken cognigance of same.
(b) The company has written off the long term loan account of Late
Vibhash Agarwal amounting to Rs 500000/- by making provision for bad
debts as this is not recoverable
7. Based on information available with the company as at March 31,
2013 there are no dues to Micro, Small & Medium Enterprises Development
Act, 2006 as at March 31,2013.
Based on the information available with the company as at 31 st March,
2013, there was neither any interest payable nor paid to any supplier
under the aforesaid Act 4 similarty there is no such amount remaining
unpaid as at March 31.2013
8. Impairment of Assets:-
The indicators listed in paragraph 8 to 10 of accounting standard
(AS-28) " Impairment of Assets" isued by the Institute of Chartered
Accountants of India have been exaimened and on such examination, it
has been found that none of the indicators are present in the case of
the company
9. Related Party Disclosures -
A. Related Party 4 their relationship as per accounting standard 18 of
the Institute of Chartered Accountants of India
1. Directors
Arun Kejriwal
Shared Tandon
Ashish Dixit
T.NAgarwal
Vinod Kumar Sharma
2 Enterprises in which key management personnel & their relatives are
interested-
a) Vrindavan Construction Mr Arur Kejriwal Managing Director
Pvt Ltd. of the company is a director in
this company
b) Transaction during the period with related parties are as under. -
c. The maximum balance in the account of Mr Arun Kejriwal Managing
Director Is Rs 13399558/- during the year Note:- Related party
relationship is as identified by the company and relied upon by the
auditors
10. Employee Benefit
(i) Since the Company have only One , is not eligible for gratutity 8
other benefits, except Managing Director during the year provision of
Gratuity, Leave encashment 8 other benefits are not required as per the
recommendations of Accounting Standard (AS-15) prescribed by the
Institute of Chartered Accountants of India. No provision of gratuity
is being made on the salary of managing director.
(ii) The company is not covered under Providend Fund Act and Employes
Estate Insurance Act
11. The other applicable accounting standard as per the provision of
Companies Act, has been followed by the company
12. The figures of previous year has been regrouped and / or
rearranged wherever necessary
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