Negotium International Trade Ltd. இன் கணக்கு குறிப்புகள்

1. General information:

Our Company Was Originally Incorporated In Union Territory Of Delhi As “Kuber Jewels (P) Limited” Under The Companies Act, 1956 On 31st October, 1994 Vide Certificate Of Incorporation Issue By Registrar Of Companies, NCT Of Delhi & Haryana. Our Company Was Subsequently Converted Into A Public Limited Company And Consequently Name Was Changed To “Kuber Jewels Limited’ Vide Fresh Certificate Of Incorporation Dated 9th May, 1995 Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.

Subsequently, The Name Of The Company Was Changed To “MAHADUSHI INTERNATIONAL TRADE LIMITED” Vide Fresh Certificate Of Incorporation Dated 24th March, 2006 Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.

Subsequently, The Name Of The Company Was Changed To “NEGOTIUM INTERNATIONAL TRADE LIMITED” Vide Fresh Certificate Of Incorporation Issued By The Registrar Of Companies, NCT Of Delhi & Haryana.

2. Transition to Ind AS

Transition to Ind AS was carried out from Previous GAAP.

3. Related Party Disclosure

No Related Parties Transaction has taken place during the period.

4. Segment Reporting

Company is working in only in one segment hence reporting Segment is not required as per Indian Accounting Standard 108 “Operating Segments”.

1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: NIL

The company does not have any inventory as on 31.03.2016.

4) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognized using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognized unless there is virtual certainty with respect to the reversal of the same in future years.

5) All schedules annexed to and from integral part of the Balance Sheet and Profit & Loss Account.

6) Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

1) The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: Nil

4) The company does not have any inventory as on 31.03.2015.

5) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substanti -vely enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

6) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

7) Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

8) Earning Per Share

Particulars As at 31.03.2015

Net profit after tax available for Equity Shareholders (Rs.) (A) 464,496

Number Equity Shares outstanding* (Nos.) (B) 39,222,500

Dilutive potential Equity Shares (Nos.) _

Dilutive shares outstanding (Nos.) (C) 39,222,500

Nominal value per Equity Shares (Rs./ Share) 1.00

Basic Earnings per share (Rs./ Share) (A) / (B) 0.0118

Diluted Earnings per share (Rs./ Share) (A) / (C) 0.0118

*The Company has sub-divided the face value of shares from Rs. 10/- to Re. 1/- as per provisions of Companies Act 2013

1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: Nil

4) The inventories of the company are valued as per cost price and market price which ever is less.

5) Deferred tax arising on account of timing difference and w hich are c apable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

6) The revised Schedule VI as notified under the companies Act,1 956, has become applicable to th e company for the presentation of its financial statements for the year ending March 31,2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

7) All schedules annexed to and form integral part of the Balanc e Sh eet an d Profit & Loss Account.

8) Minimum Alternative Tax (MAT) is recognised as an asset on ly wh en an d to the extent there is convin cing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

9) Value of Import on CIF Basis Nil

10) Earnings in Foreign Exchange (FOB Value) Nil

11) Expenditure in Foreign Currency Nil

12) The Company has no employee to whom the provisions of section 217 (2A) of the Companies Act, 19 56 are applicable

1. Figures of previous year have been regrouped, re-cast or rearranged to make them comparable with Current year''s figures wherever deemed necessary.

2. Figures in bracket indicate negative figure.

3. Balances of some of the Parties are subject to confirmation & reconciliation.

4. Information required under Paragraph 3 and 4 of the Schedule VI of the Companies Act, 1956 are given to the extent applicable.

5. The Company does not own any amount due to any Small Scale Industrial Unit outstanding for more than 30 days as on 31st March 2013.

A.1 Provision for tax is based on the assessable profits of the company compute In accordance with the Income Tax Act, 1961.

A.2 In the opinion of the Board of Director all current assets, loans and advances have a value of realization in the ordinary course of business at least Equivalent of the amount of which they are stated unless otherwise and these are these are subject to conf irmatlon.

A.3 As of March 31, 2012, the company had no outstanding dues to small scale Industrial undertakings.

A.4 Figures of the previous year have been regrouped or re-arranged wherever necessary.

A.1 Provision for tax is based on the assessable profits of the company compute In accordance with the Income Tax Act, 1961.

A.2 In the opinion of the Board of Director oil current assets, loans and advanes have a value of realization in the ordinary course of business at least Equivalent of the amount of which they are stated unless otherwise and these are these are Subject '' to confirmation.

A.3 As of March 31, 2011, the company had no outstanding dues to small scale Industrial undertakings.

A.4 Figures of the previous year have been regrouped or re-arranged wherever necessary.