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NOTES TO ACCOUNTS

A F Enterprises Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 1.49 Cr. P/BV 0.67 Book Value (₹) 5.57
52 Week High/Low (₹) 4/1 FV/ML 10/1 P/E(X) 2.94
Bookclosure 29/09/2019 EPS (₹) 1.27 Div Yield (%) 0.00
Year End :2015-03 
1. Basis of preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under Companies (Accounting Standards) Rules, 2006 (as amended from time to time) and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared on accrual basis and under the historical cost convention. The accounting policies not specifically referred, are consistently applied from the past accounting periods.

2. Terms and rights attached to equity shares

The company has issued only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.

3. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

4. Provisions of Accounting Standard (AS) - 17 issued by the ICAI on 'Segment Reporting' are not been applicable to the Company.

5. In view of present uncertainty regarding generation of sufficient future income, net deferred tax asset or liability has not been recognized in these accounts on prudent basis.

6. In the opinion of the management, the current assets, loans and advances have a realizable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.

7. Related party disclosures/ transactions

(a) Related Parties Covered: -

Mr. Pankaj Bansal Ms. Charu Aggarwal              Ms. Varsha Bharti
(ii) Individuals owining directly or NO indirectly interest in voting power that gives them control

(iii) Enterprises owned or significantly RMS Mosquto influenced by the Private Limited persons as stated in (i) & (ii) Above.

8. Balance shown under head Sundry Debtors, Creditors and Advances are subject to confirmation.

9.  Particulars                  Current Period         Previous Year
                                      (Rs.)                    (Rs.)

Contingent Liability not provided for   Nil                      Nil
10. Previous Year's Figures have been re- arranged or re- grouped wherever considered necessary.

11. Figures have been rounded off to the nearest rupees.

12. Figures in brackets indicate negative (-) figures.

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