SENSEX NIFTY India | Notes to Account > Finance - Investments > Notes to Account from Pankaj Piyush Trade & Investment - BSE: 506122, NSE: N.A

Pankaj Piyush Trade & Investment

BSE: 506122|ISIN: INE820M01018|SECTOR: Finance - Investments
Mar 30, 16:00
Pankaj Piyush Trade & Investment is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
 1.  Terms and rights attached to equity shares
 The company has issued only one class of equity share haying a par
 value of Rs. 10 per share. Each holder of equity shares is entitled to
 vote per share, The company declares and pays dividend if any, in
 Indian Rupees. The dividend proposed by the Board of Directors is
 subject to approval of the shareholders in the ensuing Annual General
 In ihe event of liquidation of the company, the holders of equity
 shares will be entitled to receive remaining assets of the company,
 after distribution of all the preferential amount. The distribution
 will be in proportion to the number of equity shares held by the
 2.  Terms and rights attached to preference shares
 The company has issued non- cumulative, non- convertible preference
 share of Rs. 10 each at a premium of Rs. 90 each which are compulsorily
 redeemable after 20 years from the date of issue.
 The preference shares are having put and call option which can be
 excercised by the investor or company respectively at any time before
 expiry of 20 years but not earlier than expiry of 3 years from the date
 of issue with a minimum notice period of 3 months.
 3.  Basis of preparation of Financial Statement
 The Financial Statements of the company have been prepared in
 accordance with generally accepted accounting principles in India
 (Indian GAAP). The company has prepared these Financial Statements to
 comply in all material respect with the accounting standards notified
 under the Companies ( Accounting standards) Rule, 2006, (as amended)
 and the relevant provision of the companies Act, 2013. The Financial
 Statements have been prepared on the accrual basis and under the
 historical cost convention.
 4. There is no Micro, Small and Medium Enterprises as defined under
 Micro, Small & Medium Enterprises Development Act, 2006 to which
 Company owes dues which are outstanding for a period more than 45 days
 as on Balance Sheet Date.
 The above information regarding Micro, Small and Medium Enterprises has
 been determined on the basis of information availed with the Company
 and has been duly relied by the auditors of the Company.
 5. Provisions of Accounting Standard (AS) - 17 on ''Segment Reporting''
 are not been applicable to the Company.
 6. Deferred Tax Assets and Liabilities are recognized in respect of
 current year and prospective years. Deferred Tax Asset is recognized on
 the basis of reasonable / virtual certainty that sufficient future
 taxable income will be available against which the same can be
 7. In the opinion of the management, the current assets, loans and
 advances have a realizable value in the ordinary course of business is
 not less than the amount at which they are stated in the Balance Sheet.
 8. The management has not charged depreciation on office premises
 considering the present scenario of the Company. Due to this reason,
 there is an overstatement of profit in the books to the extent of
 Rs.204,776/- (approx.)in the current financial year.
 9. Related party disclosures/ transactions
 There is no transaction entered with the related party covered by the
 Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the
 period covered by these financial statements.
 Related Parties covered:-
 (i) Key Management Personnel
 Mr. Vinod Kumar Bansal (Managing Director)
 Ms. Seema Mangal (Director)
 Ms. Renu Bansal (Director)
 Ms. Radha Agarwal (Director)
 Mr. Harshit Agarwal (Additional Director)
 (ii) Relatives of Key
 Management Personnel
 (iii) Enterprises owned or
 significantly influenced by
 the Key Management Personnel or their Relatives
 10.  Balance shown under head Sundry Debtors, Creditors and Advances
 are subject to confirmation.
 11.  Particulars                                 Current      Previous
                                                   Period        Year
                                                    (Rs.)        (Rs.)
 Contigent Liability not provided for                Nil         Nil
 12.  Quantitive Information in respect of Opening Stock, Purchases,
 Sales and Closing Stock pursuant to Schedule III of the Companies Act,
 2013 are as per list attached.
 13.  Figures have been rounded off to the nearest rupees.
 14.  Figures in brackets indicate negative (-) figures.
Source :
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