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Moneycontrol.com India | Notes to Account > Computers - Software Medium & Small > Notes to Account from Meglon Infra-Real (India) - BSE: 511367, NSE: N.A
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Meglon Infra-Real (India)

BSE: 511367|ISIN: INE218B01018|SECTOR: Computers - Software Medium & Small
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Meglon Infra-Real (India) is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
 1.  Corporate Information:
 
 Meglon Infra-Real (India) Limited is a public company engaged primarily
 in the business of Real Estate.
 
 2.  Basis of preparation of financial Statements:
 
 The Financial statements have been prepared under the historical cost
 convention on accrual basis. The mandatory applicable accounting
 standards in India and the provisions of the companies Act,2013 have
 been followed in preparation of these financial statements.
 
 All assets and liabilities have been classified as current or
 non-current as per the operating cycle criteria set out in the Revised
 Schedule III to the Companies Act, 2013.
 
 3.  Investments: Investments are classified into Long-term Investments.
 Long-term Investments are stated at cost. A provision for diminution is
 made to recognize a decline, other than temporary, in the value of
 Long-term Investments. However, fixed income long term securities are
 stated at cost, less amortization of Premium/ discount and provision
 for diminution to recognize a decline, other than temporary.
 
 4.  Related Party Disclosures:
 
 Names of related parties and description of relationship:
 
                  Name of the party                     Relationship
 
 Key Management Personnel
 
     i)   ChetanNaagraj Jain                         Managing Director
 
     ii)  AnandBabuSuvarna                           Director
 
     iii) Rakesh ShantilalSurana                     Director
 
 5.  Contingent Liabilities and Capital Commitments:
 
        Contingent Liabilities: Nil
 
        Capital commitments: Nil
 
 6.  Foreign Exchange Transactions:
 
 There are no foreign currency transactions during the current period.
 
 7.  Dues to Micro, Small and Medium Enterprises:
 
 There are no amounts due to the suppliers covered under Micro, Small
 and Medium Enterprises Development Act, 2006;
 
 8.  Earnings Per Share (EPS)
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the period.
Source : Dion Global Solutions Limited
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