AVTIL Enterprise Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2015

1. PRESENTATION AND DISCLOSURE FINANCIAL STATEMENTS

The financial statements have been prepared on an accrual basis and under historical cost convention and in compliance, in all material aspects with the applicable accounting principles in india, the applicable accounting standards notified in Section 133 of the Companies Act, 2013.

All the assets and liabilities have been classified as current and non-current as per the company's normal operating cycle and other criteria set out in schedule 111 to the Companies Act 2013. Based on nature of products and the time between the acquisition of assets processing and their realization in cash & cash equivalent, the company has ascertain its operating cycle to be 12 months for the purpose of current-non current classification of assets and liabilities.

Previous year's figures have regrouped & reclassifies wherever is necessary.

2.There are no information available with the management, regarding the supplier covered by Micro, Small & Medium Enterprises Under Micro, Small and Medium Enterprises Development Act, 2006.

3. As of 31st March, 2015, it could not be verified whether the Company had any outstanding dues to Micro, Small & Medium Enterprises for sum ofRs.l lakh for more than 30 days.

4. Amounts include dues towards I DS Liability. Taxes outstanding as on 31.03.2015 which is subsequently paid before due date of tiling the return of incom

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Mar 31, 2014

1. TRADE PAYABLES

1.1 There are no information available with the management, regarding the supplier covered by Micro, Small & Medium Enterprises Under Micro, Small and Medium Enterprises Development Act, 2006.

1.2 As of 31st March, 2014, it can not be verified whether the Company had any outstanding dues to Micro, Small & Medium Enterprises for sum of Rs. 1 lakh or more than 30 days.

1.3 Other Trade Payable includes Sundry Creditors for Expenses.

2. OTHER CURRENT LIABILITIES

* Amount includes dues outstanding towards TDS Liability and which is subsequently paid before filing of Return of lncome.

3. Related Party Disclosure:

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below.

List of related parties where control exists and related parties with whom transactions have been taken place and relationships:-

Sr. Name of The Related Party Relationship No.

1. Jayanti R Bhandari (Director) Key Managerial 2. Gautam R Bhandari (Director) Personnel

5. Schwabe Incoat Enterprises over which 6. Solitaire Construction Key Managerial Personnel 7. Greens Investments Inc. are able to exercise 8. Guru Rajendra Pvt Ltd significance influence

4.1 Advances, Sundry Debtors, Sundry Creditors, Security Deposits, Loans and Deposits in the all confirmation are as per the books of accounts and records and are subjects to reconciliation it.

4.2 In the opinion of management, the Current Assets, Loans & Advances have a value on realised ordinary course of business, at least to the sum of amount at which they are stated in the Balar.

4.3 The figures for the previous period are regrouped/reclassified wherever necessary to make the with that of the current year.

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Mar 31, 2013

CORPORATE INFORMATION

Aran Varun Trade and Investment Ltd. was incorporated on 291 Day of May, 1982. Its mission is to deliver very best to its shareholders and employees bearing in mind its commitment to the welfare of the society at large. It values are all about integrity and commitment.

Arun Varun Trade and Investment Ltd. is a professionally managed company with an independent Board of Directors who are not only dynamic in their respective fields of excellence, but also bring in a rare brand of expertise and commitment to the company.

Arun Varun Trade and Investment Ltd. has remain unperturbed and has continued to grow, as greed is not our driving force, viewing ourselves as facilitators in the process of financial empowerment of those in need.

Arun Varun Trade and Investment Ltd. is India''s leading financial service provider in Private Sector with over 29 years of experience.

Arun Varun Trade & Investments Ltd. is being professionally managed by a host of eminent corporate leaders on the board with Mr. Jayanti Bhandari as the Chairman and Mr. Gautam Bhandari as the whole- time Director.

The company uses Technology-based products for prompt services. The company bring advice, insights and intellect along with capital augmentation and restructuring.

The company is leader in generating excellent, enormous Self-Employment opportunities.

The nature of business activity of the company is as follows:

1) To finance industrial enterprises, and for that purpose to make loans, or advances to, or subscribe to the share capital of, private industrial enterprises in India.

2) To carry on the business of an investment Company and invest the capital and other moneys of the Company in the purchase or upon the security of shares, stocks, units debentures, debenture- stock, bonds, mortgages, obligations and securities issued or guaranteed by any company, corporation or undertaking, whether incorporated or otherwise, and where so evef constituted or carrying on business and to buy, sell or otherwise deal in, shares, stocks debentures, debenture stock, bonds, notes mortgages, obligations and other securities issued or guaranteed ^y any government, sovereign ruler, commissioners, trust municipal, local or other authority or body in India or abroad.

3) To acquire hold, sell buy or deal in any shares, stocks, debentures stock, bonds, mortgages, obligations and other securities by original subscription, tender, purchase, exchange, gift and to subscribe for the same, either conditionally and to underwrite or sub under write or guarantee the subscription thereof and to purchase and sell units.

4.1 There arc no information available with the management, regarding the supplier covered by Micro, Small & Medium Enterprises Under Micro, Smalt and Medium Enterprises Development Act, 2006.

4-2 As of 31* March, 2012, it can not be verified whether the Company had any outstanding dues to Micro, Small & Medium Enterprises for sum of Rs.l lakh or more than 30 days,

5 CONTINGENT LIABILITIES AND COMMITMENTS

(to the extent not provided For)

(Amount in Rs)

Particulars As at As at 31st March 2013 31st March.2012

Coat indent liabilities

Claims against the company not acknowledged as debt NIL NIL

Guarantees NIL NIL

Other Money for which the company is contingently liable NIL NIL

NIL NIL

Commitments

Estimated amount of contracts unexecuted on capital account NIL NIL

Uncalled liability on shares and other investments partly paid NIL NIL

Other commitments Nil NIL

NIL NIL

Total NIL NIL

6 Related Parry Disclosure :

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below :-

6.1 List of related parries where control exists and related parties with whom transactions have been taken place and relationships :-

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Advances, Sundry Debtors, Sundry Creditors. Security DepvsiTs, Leans and Deposits ir. l''x afcser.ee sf cccf^^asci; are as per the books of accounts and records and are subjects to reconciliation, if any.

In the opinion of management, the Current Assets, Loans &. Advances have a value on realisation in the ordinary course of business, at least to the sum of amount at which they are stated in the Balance sheet

The figures for the previous period are regroupedreclassified wherever necessary to make them comparable with that of the current year.

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Mar 31, 2012

1.1 Theft are no information available with the management' regarding the supplier covered by Micro' Small & Medium Enterprises Under Micro' Small and Medium Enterprises Development Act' 2006.

(a) PRESENTATION AND DISCLOSURE OF FINANCIAL STATEMENTS

During the year ended 31sl March' 2012 the Revised Schedule VI notified under Companies Act' 1956 has become applicable to the company for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However' it has significant impact on presentation and disclosures made in the financial statements. The company has also reclassified previous year figures in accordance with the requirements applicable in the current year

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Mar 31, 2011

I) Contingent Liabilities Not Provided For

Description 31st March 31st March 2010 2009 (Rs.) (Rs.)

Claims against the Company not NIL NIL acknowledged as debts

Guarantees given by Banks on behalf of the Company NIL NIL

Letter of Credit (Open & Outstanding) NIL NIL

Estimated amount of contracts remaining NIL NIL

to be executed on capital account not provided for (Net of advances)

ii) Dues to Micro, Small & Medium Enterprises.

There is no information available with the management, regarding the supplier covered by Micro, Small & Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006.

As of 31st March, 2011, it cannot be verified whether the Company had any outstanding dues to Micro. Small & Medium Enterprises for sum of Rs.1 lakh or more than 30 days.

iii) Additional Information required under paragraph 3,4c, 4d of part II of schedule VI of the Companies Act. 1956 has been furnished to the extent applicable to company.

iv) Provision for current taxation for the Company of Rs.42,84,580 /- represents Minimum Alternate Tax pursuant to the provisions of Section 115JB of the Income Tax Act. 1961 of India. The Finance Act. 2005 inserted sub section (1 A) to section 115JAA to grant tax credit in respect of MAT paid under section 115JB of the Act with effect from assessment year 2006-07 and carry forward the credit for a period of 10 years. Accordingly, the MAT Credit of Rs. 1,20,25,495 /-[Rs. 14,35,975/- of A.Y2007-208, Rs. 14,44,081/- of A.Y.2008-09 Rs. 17,36,809/- of A.Y.2009-10,Rs.32,46,605/- of A.Y.2010-11 and Rs.41,62,019'- of A.Y.2011-12] is available to be set off against future tax liability. However the same is not accounted in view of huge carry forward losses.

v) Advances, sundry debtors, sundry creditors, security deposit, loans and deposit in the absence of confirmation are as per the books of accounts and records and are subjects to reconciliation, if any.

vi) In the opinion of management, the current assets, loans & advances have a value on realisation in the ordinary course of business, at least to the sum of amount at which they are stated in the Balance sheet.

vii) The figures for the previous period are regrouped/reclassified wherever necessary to make them comparable with that of the current year.

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Mar 31, 2010

I) Provision for current taxation for the company for Rs.33,68,460/- represents Minimum alternate Tax pursuant to the provision of section 115JB of the Income Tax Act, 1961 of India. The finance Act,2005 inserted sub section(1A) to section 115JAA to grant tax credit in respect of MAT paid under section 115JB of the Act with effect from assessed year 2006-07 and carry forward the credit for a period of 10 year. Accordingly, the MAT Credit of Rs.78,63,476/-(Rs.14,35,975/- of A.Y.2007-2008, Rs.14,44,087/- of A.Y.2008-09 Rs 17,36,809/- of A.Y.2009-10 and Rs.32,46,605/- of A.Y.2010-11)is available to be set off against future tax liability. However the same is not accounted in view of huge carry forward losses.

ii) Advances, sundry debtors, sundry creditors, security deposit, loans and deposit in the absence of confirmation are as per books of accounts and record and are subjects to reconciliation, if any.

iii) In the opinion of management, the current assets, loans & advances have a value on realization in the ordinary course of business, at least to the sum of amount at which they are stated in the Balance sheet.

iv) The figures for the previous period are regrouped/reclassified wherever necessary make them comparable with that of the current year.

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Mar 31, 2009

- In the opinion of the Board of Directors, the current assets, loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision for all known liabilities is adequate and neither in excess nor in short of the amount considered reasonably necessary.

aa) As-28 Impairment of Assets

The company does not have any fixed assets; hence this standard is not applicable

bb) AS-29 Provision, contingent liabilities and contingent assets

There are no Contingent Liabilities as Certified by Management