| 1. CORPORATE INFORMATION
Neelkanth Rock minerals Limited is a Public Limited company domiciled
in India and incorporated under the provisions of the Companies Act,
1956 then in force. The company is engaged in the manufacturing and
selling of Granite slabs/Tiles and Mineral Products.
2. BASIS OF PREPARATION
The accounts are prepared as per historical cost convention on going
concern basis following mercantile basis of accounting and recognizing
income and expenditure on accrual basis except otherwise stated. The
mandatory applicable accounting standards in India and the provisions
of the Companies Act, 2013 have been followed in preparation of these
financial statements.
3. Share Capital
Term/rights attached to equity shares
The company has only one class of 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 No
dividend however has been proposed by the Board of Directors for the
financial year 2014-15.
In the event of liquidation of the company, the of equity shares wit be
entitled to receive remaining assets of the company, after distribution
of all preferential mounts The distribution will be In proportion to
the number of equity shares held by the shareholders
4. Details of dues to micro and small enterprises as defined under the
MSMED Act, 2005
It is not known or ascertainable as to which suppliers are S.S.I.
units, therefore for want of this information we are of the belief that
no interest has become payable and paid under the Interest on delayed
payment to S.S.I. and Ancillary Industrial Undertakings Act, 1993.
5. Related Party Disclosures
Names of related parties and related party relationship
Managing Director Shanti Lal Kawar
Reialives/Retated concerns of Managing Director
Names
Anil Kawar
Vinay kawar
Siddhi Vinayak Minerals
Siddhi Vina yak Properties
6. Continent liabilities 31-Mar-16 31-Mar-14
Rs. RS.
NIL NIL
7. Segment Reporting
During the year under consideration, the company operated only one
segment i.e,, manufacturing of Granite Slabs/THes and Other Minerals
Product.
8. The Balances of Sundry Debtors. Sundry Creditors and Loans and
Advances are stated at book value subject to confirmation from
respective parties.
9. The Previous year figures have been recomputed, reclassified,
regrouped & rearranged wherever considered necessary to make them
comparable with current year figures
|