1. The Profit and Loss Account for the year includes certain expenses
which are supported only by internal vouchers duly approved as per
authorised limits assigned at each levels and in some cases third party
evidence/invoices are not available. The board of Directors of the
Company has approved such expenses as in the opinon of the Board of
Directors, the company has incured such expenses wholly and exclusively
attributable to the business if the company and the nature of such
expenses are consistent with the previous years.
2. During the year, the Company has incurred certain expenditure of
revenue nature, adequate supporting in respect of some of them are not
available, however in the opinion of the Board of Directors of the
Company, the same is wholly and exclusively attributable to the
business of the Company.
3. In the opinion of the Board, the Current Assets, Sundry Debtors,
Sundry Creditors, Loans & Advances have a value on realisation in the
ordinary course of business at least equal to the amount at which they
are stated in the Financial Statements. The balances thereof are as per
Books of Accounts only.
4. There is unpaid tax liability of Rs. 4,75,000/- for the A.Y.
5. segment reporting
A Primary Segment Reporting (by Business Segements )
i The Company''s business segments are identified as Commodity
Transcation, Investment in Shares & Securities and money lending
ii The accounting polices used in the preparation of the financial
statement of the Company are also applied for segment reporting.
iii Segment revenures, expenses, assets and liabilities are those,
which are directly attribute to the segment or are allocated on an
appropriate basis. Corporate and other revenues, expenses, assets and
liabilities to the extent not allocable to segments are disclosed in
the reconciliation of reportable segments with the financials.
iv Figures in brackets are in respect of the previous year.
v Segment Revenues, result and other Information.
B Secondry Segment reporting (by Geographical Segments)
The Company Operates predominately within the geographical limits of
India. It has no secondary Segment revenue.
6. Related Party disclosure
Related party disclosures, as required by AS-18, Related party
Disclosures are given below
a) Related parties where commom control exists
Name of the Companies where the directors can exercise the control.
*Ella Fintex Co. Private Limited (Mr. Vijay Jaideo Poddar was Director
of the Company up to 16th February 2015)
b) Key Management Personnel
Mr. Vijay Jaideo Poddar - Managing Director
Mr. Gautam Bose - Director
Mr. L. N. Sharma - Director
B) transactions with related parties
No Transcations were Carried out during the year with the Related
7. 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 in relation to the
amounts and other disclosures relating to the current year.