Mar 31, 2014
1.1.a Details of related parties:
Description of relationship Names of related parties
Key Management Personnel (KMP) Mr. V.Venkateswara Rao
Relatives of KMP Mrs. V. Kali Kumari
(wife of Mr. V.Venkateswara Rao)
Company in which KMP /
Relatives of KMP can exercise
significant influence M/s VV. Fish Nets
Note: Related parties have been identified by the Management.
Note 2 Previous year''s figures
The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly impacted
the disclosure and presentation made in the financial statements.
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2013
1 Corporate information
The company is in the business of trading of Monofilament Yam, Fish
Nets, Fish Crates, Fish Net Cords, Ropes etc. It had discontinued its
operations in the Financial Year 2006-07 aid had restarted its
trading operations in the Financial Year 2011- 12,from its unit in
Rajahmundry, Andhra Pradesh. Though, there were no trading activities
in the current financial year the management is in the process of
re-establishing its market share through product and market study and
expects to re-enter the market in the near future.
Note 2 Contingent liabilities and commitments (to the extent not
provided for)
As at 31 March, As at 31 March,
2013 2012
% %
2 Claims not acknowledged as
Debt (to the extent not
provided for)
(i) Contingent liabilities NIL NIL
(b) Guarantees
(c) Other money for which the Company is contingently liable
Mar 31, 2012
1 Corporate information
The company is in the business of trading of Monofilament Yarn, Fish
Nets, Fish Crates, Fish Net Cords, Ropes etc,. It had discontinued its
operations in the Financial Year 2006-07. During the year it has
restarted its operations from its unit in Rajahmundry, Andhra Pradesh.
Note 2 Contingent liabilities and commitments (to the extent not
provided for)
As at 31 As at 31
March, 2012 March, 2011
2 Claims not acknowledged as Debt
(to the extent not provided for)
(i) Contingent liabilities NIL NIL
(b) Guarantees
(c) Other money for which the Company
is contingently liable
3 The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure.
Mar 31, 2010
1 Notes to Accounts
The company had gone for public issue to raise capital to the tune of
Rs. 5,48,55,000/- and the issue was fully subscribed. However,
allotment money to the tune of Rs. 44,81,312/- was still due on
account as at the year end.
2. Related party transaction for the year is as follows:
1 QUANTITATIVE DETAILS (Pursuant to the provisions of paragraphs 3,4c &
4d of Part
II, Schedule VI of the Companies Act, 1956.
3. Previous year figures have been regrouped , rearranged and
reclassified wherever necessary to confirm to the current year
comparison.
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