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Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from Shreenath Investment Company Ltd - BSE: 503696, NSE: N.A
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Shreenath Investment Company Ltd
BSE: 503696|SECTOR: Finance - Investments
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Shreenath Investment Company Ltd is not traded in the last 30 days
Shreenath Investment Company Ltd is not listed on NSE
« Mar 11
Notes to Accounts Year End : Mar '12
1. Sundry debit balances are subject to confirmation and
 reconciliation.
 
 2.  Related Party Disclosure
 
 Related party where control exist-Nil
 
 Related Party relationship have been identified by the management and
 relied upon by the auditors.
 
 There were no transactions with the related party during the year;
 
 3.  Contingent Liability and Capital Commitment as on 31.03.2012 Nil
 (Previous year Nil)..
 
 4.  leases:.
 
 Operating Lease: Assets subject to operating leases are included in
 fixed assets. Lease income is recognised in the Profit and Loss Account
 over the Lease term. Costs, including deposits are recognized as an
 expense in the Profit and Loss account. Initial direct costs such as
 legal costs, brokerage costs, etc. are recognized immediately in the
 Profit and Loss Account.
 
 5.  information related to Micro, Small and Medium Enterprises
 Development Act, 2006 (Act) has been determined to the extent such
 parties have been identified on the basis of information available with
 the Company. There is no outstanding balance due to such parties at
 period end.  (Previous year Nil}.
 
 6.  Segment Information:
 
 Segment Information as per AS-17 is given  Annexure I
 
 7.  The Company''s shares are listed on Bombay Stock Exchange Ltd
 (''BSE''). On January 18,1999, BSE has suspended the trading in the
 Company''s shares on account of non compliance with Listing Agreement
 with BSE. However the application for revocation of suspension is in
 process.
 
 8.  The financial statements for the year ended March 31, 2011 have
 been prepared as per the then applicable, pre revised schedule VI to
 the companies act, 1956. Consequent to the notification of Revised
 Schedule VI under the Companies Act, 1956, the financial statements for
 the year ended March 31, 2012 are prepared as per revised Schedule VI.
 Accordingly, the previous year''s figures have also been reclassified to
 confirm to this year''s classification. The adoption of revised Schedule
 VI for Previous year''s figures does not impact any recognition and
 measurement principles followed for preparation of financial
 statements.
Source : Dion Global Solutions Limited
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