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Viaan Industries

BSE: 537524|ISIN: INE324N01027|SECTOR: Domestic Appliances
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Dec 13, 16:00
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Viaan Industries is not listed on NSE
Mar 15
Notes to Accounts Year End : Mar '16

Note No.: 1 Share Capital

Rights, Preferences and Restrictions Attached to Shares

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The Company has not proposed any dividend during the year.

As per the Companies Act, 1956, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However no such preferential amounts exist currently. The distribution will be in proportion to the number of equity

Notes to Accounts:

2. Earnings in Foreign Currency Rs. NIL

Expenditure in Foreign Currency Rs.83,13,183/-

3. Disclosure under the Micro, Small and Medium Enterprises Development Act 2006(MSMED Act) are provided as under for the year to the extent the Company has received intimation from the suppliers regarding the status under the Act.

The Company has not received any intimation from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, required under the said Act have not been made.

4. Earnings Per Share

Calculation of Earning Per Share (EPS) in accordance with the Accounting Standard (AS-20) issued by the ICAI. 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.

5. In the opinion of the Board and to the best of their knowledge and belief, all current assets, loans and advances have a value, on realization, in the ordinary course of business equal to the amount at which these are stated, all known liabilities are provided for, at their full values unless otherwise stated, and potential liabilities are recognized to the extent they are deemed likely to crystallize.

6. All balances in respect of sundry debtors, creditors, advances, payables are subject to confirmations and reconciliations, if any.

As per our separate report of even date attached.

Source : Dion Global Solutions Limited
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