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Company Information

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ABATE AS INDUSTRIES LTD.

18 November 2024 | 12:00

Industry >> Non-Banking Financial Company (NBFC)

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ISIN No INE454E01013 BSE Code / NSE Code 531658 / ABATEAS Book Value (Rs.) -1.80 Face Value 10.00
Bookclosure 11/09/2024 52Week High 30 EPS 0.00 P/E 0.00
Market Cap. 8.19 Cr. 52Week Low 16 P/BV / Div Yield (%) -9.08 / 0.00 Market Lot 1.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :2014-03 
1. ACCOUNTING STANDARDS:

a) Accounting Standard 17:

The Company is mainly engaged in Trading activity and the major revenue comes from the said activity, where as the other activities of Investment and Financial Services, form very negligent part. So the segment wise information is of no significant use, hence not furnished.

b) Related Parties disclosure as per Accounting Standard 18:

List of the relative party with whom transaction took place during the year. - NIL

c] Lease Agreement as per Accounting Standard 19:

The Company has entered in to an agreement of lease as under:

For Office at Mumbai w.e.f. from 1-04-2014 and will be terminate on 31-03-2014 and can be renewed further

d] Earning per share as per Accounting Standard 20:

                                         2013-2014	2012-2013
a. Weighted average number of share at the beginning 50, 16,100 50,16,100 And end of the year

b. Net Profit after tax available for equity share holders 36,096 23,656

c. Diluted earnings per share	              0.007	    0.004
e] Taxes on Income Tax as per Accounting Standard 22:

i. Provision for Income Tax is made in accordance with the Income Tax Act, 1961.

ii. Current Tax is determined as the amount of tax payable in respect of taxable income for the year.

iii. Deferred tax for timing difference between the books profit and tax profit for the year is accounted using tax rates and tax laws that have been enacted or subsequently enacted at the Balance Sheet date.

2. Previous Year figures have been rearranged/regrouped wherever necessary, to make it comparable with figures of the current year.

3. The figures have been rounded off to the nearest multiple of Rupee.

4. Balances of Deposits, Advances and Unsecured Loans etc. are subject to confirmation.

5. In the opinion of the Board of Directors of the company, the current assets, loan and advances have value at least equal to the amount at which they are stated in Balance Sheet, if realized, in ordinary course of business.

6. The Company has given schedule of value of investments as per the rates given in BSE for Quoted shares. Unquoted shares are shown at cost as the market value is not available.

7. Auditor's Remuneration include following:-

Companies Act Audit Fee Rs. 20,000/-

8. There is no employee who is in receipt of remuneration, which in aggregate was not less than Rs. 36,00,000/- p.a. If employed throughout the year, previous year (NIL), and Rs. 3,00,000/- p.m. in aggregate if employed for the part of the year, previous year (NIL).

9. Amount due to Small Scale Industries Rs. Nil as on 31/03/2014 out of which amount outstanding for more than Rs. 1.00 lac and due for more than 30 days is Rs. Nil.

10.

a) Value of Imports		        -       NIL
b) Earnings in foreign exchanges - NIL

c) Remittance in foreign exchange - NIL

d) Expenditure in foreign exchange - NIL

Note 11 - Contingent Liabilities and Commitments (to the extent not
provided for)
                                                    (Amount in Rs.)
	
Particulars      Current Reporting Period    Previous Reporting Period
                          2013-14	               2012-13

(a) Contingent Liabilities    -                            -

(B) Commitments	              -                            -         
TOTAL

Note:

The above note should be modified as per the disclosure requirements of AS-29