Mar 31, 2018
BACKGROUND
ABans Enterprise Limited (the Company) is a public company limited by shares domiciled in India, incorporated under the provisions of Companies Act, 1956. Its shares are listed on BSE Limited. Its registered office is situated at 36/37/38A, 3rd Floor, 227, Nariman Bhavan Backbay Reclamation, Nariman point, Mumbai - 400021 IN. The Company is engaged in General Trading of commodities (Gold, Guar, Jeera, Soya bean Etc.) and Trading in Derivatives.
a) Remuneration paid to Abhishek Bansal Rs.7,76,072/- ( Py Rs.6,00,000)
b) Remuneration paid to Ruchi Trivedi Rs.1,72,874/-( Py Nil)
c) Remuneration paid to Amit Gupta Rs.4,41,484/-(Py Rs.2,43,952/- )
d) Rent Paid to Abans Finance Private limited Rs.1 96 980 (P.Y.Rs.1,93,060/-)
e) Purchases(excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 5,60,12,500/-(P.Y. Rs.99 46 710/-) were made during the year
f) Purchases(excluding VAT/GST) from Abans Broking Services Pvt Ltd Rs.1,87,78,750/-(P.Y.NIL) were made during the year
g) Sales (excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 4,42,70,040/-(P.Y.NIL) were made during the year
h) Loan of Rs.50,000(P. Y.NIL) was given to Mr.Amit Gupta which was repaid during the year
i) Brokerage paid to Abans Securities Private Limited Rs.1,96,603/- (PY.NIL)
j) Balances with Broker- Abans Securities Private Limited (Excl. minimum span Margin required on account of positions O/S as on 31st March-2018) is Rs. 1,38,086/-(P.Y. NIL) (Cr.Balance) as on 31st March-2018
1. SEGMENT REPORTING AS PER IND AS 108 Business Segment:
The Company is Operating in two different business segments i.e. General Trading of commodities (Gold ,Gaur , Jeera ,Soya been etc.) and Trading in Derivatives . Segments have been identified and reported taking into account Nature of products and services, the different risks and returns and the Internal business reporting Systems . The accounting policies adopted for Segment reporting are in line with the accounting policies of the Company
2. Debtors , Creditors , Loans and advances are subject to confirmations and reconciliation.
3. The previous year figures have been regrouped , reclassified , wherever necessary , to confirm to the current year presentation.
4. The Figures are rounded to the nearest value of Rupee.
Mar 31, 2015
1. Loans and advances are subject to confirmations and reconciliation
2. In the opinion of the Company, the current assets, loans and advances
are approximately of the value stated if realised in the ordinary
course of business
3. The company does not have, nor does it require under any statute to
have any short/Long term defined contribution plan or any defined
benefit plan for employees. There are also no short/long term employee
benefits which become due during or post employment period of
Employees. In the absence of aforesaid employee benefits, the
requirement to comply with AS 15 does not arise
4. RELATED PARTY DISCLOSURE
Ashish Shah
Key Management Personnel - Category I Resahamsingh
Pyarasingh
Relatives of key management personnel - Category II None
Enterprise owned or significantly influenced by
the key management personnel of Reshamsingh & Co
their relatives company - Category III Pvt Ltd
Enterprise owned or significantly influenced None
by the group of individuals or their
relatives who have control or significant
influence over the company - Category IV
Sale of Fixed Assets to Reshamsingh & Co. Pvt Ltd - Rs. Nil (P.Y Rs.
2,94,042/-)
5. There are no separate reportable segments under Accounting standard
17 "Segment Reporting", hence the required disclosure under Accounting
Standard 17 is not made by the company.
6. Figures are rounded off to nearest value of Rupee.
Mar 31, 2014
1. CONTINGENT LIABILITIES
As stated by the directors, company does not have any contingent
liabilities in the contract Execution/Completion.
Previous years figures are regrouped whereever if found necessary, so
as to make it comparable with those of current year''s figures.
Mar 31, 2013
1 RELATED PARTY TRANSACTIONS
As per the Accounting standard -18 issued by the Institute of Chartered
Accountants of India, the disclosure of transaction with related
parties as defined in the accounting standard are given below:
Previous years figures are regrouped whereever if found necessary, so
as to make it comparable with those of current year''s figures.
Mar 31, 2011
Previous years figures are regrouped whether if found necessary, so as
to make it comparable with those of current year''s figures.
Mar 31, 2010
Previous years figures are regrouped whether if found necessary, so as
to make it comparable with those of current year''s figures.
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