Question

Publicly traded corporations are required to file an annual report each year. Please locate an annual report for a publicly traded corporation. In your post, attach a copy of the latest annual report you found. Summarize what the company you chose does, and state what type of business this company is in. Would the company fall under the category of a service, merchandising, or manufacturing operation? Explain how this is evident in the financial statements. Summarize what you found in this annual financial filing.

300 words

Answer 1

Telax Group Pvt Ltd
CIN-123456789
Mg Road,Maharaja 45256
Balance Sheet as at 31st March 2017
	Particular	31.03.2018	31.03.2019
	Equity and liabilities
1	Shareholders funds
	a) Share capital	100000	100000
	b) Reserves and surplus	271395.83	115039.16
	c) Money received against share warrants	0	0
2	Share application money pending allotment	0	0
3	Non current liabilities
	a) Long term borrowings	14634516	14626558
	b) Deffered Tax Liabilities	73492	166376
	c) Other long term liabilities	0	0
4	Current liabilities
	a)Short term borrowings	0	0
	b) Trade payables	0	0
	c) Other current liabilities	1676181	1044198
	d) Short term provisions	0	0
Total	16755584.83	16052171.16
	Assets	31.03.2018	31.03.2019
1	Non Current asstes
	a) Fixed assets
	* Tangible assets	2974422	3409531
	* Intangible assets	0	0
	* Capital Work in progress	0	0
	b) Other Non Current Assets	17455	34911
2	Current assets
	Trade Receivable	11723142.44	9797588.02
	Cash & Cash equivalents	932766.39	1052049.14
	Other Current assets	1107799	1758092
Total	16755584.83	16052171.16

This company is engaged in the business of mall maintenance. There is neither any change in the nature of business nor has any diversification occured during the period covered under this report.

During the year ended 31 march 2019,the company has complied with shedule iii notified under The Companies Act, 2013 for preparation and presentation of its financial statements.

The company is small and medium sized company (SMC) as defined in the general instructions in respect of accounting standards nofified under the companies (Accounting standards) Rules ,2006. Accordingly ,the company has complied with the accounting standards as applicable to a small and medium sized company.

In the opinion of the Board,assets other than Fixed assets and non current investments have the value at which they are stated if realised in the ordinary course of business .the loan from Directors Rs 14634516 (Cr), Sundry Creditors rs 182624(Cr), Cam advance rs-1085000 (Cr), Advance from Customers Rs 45405 (Cr),Trade receivables Rs- 11723142.44(Dr) and other advances Rs 224315 (Dr) are subject to confirmation and reconciliation.

6. Contingencies and Events occured after balance sheet ratio-: There are no contingencies and events of material nature which has an effect on the financial statements of the year occured after balance sheet date.

7. Prior period and Extra -Ordinary items- There are no prior or extra-ordinary items of material nature,during the year.

8. Changes in accounting policies- There are no material changes in the accounting policies followed by the compnay during the year.

9. Premilminary expenses & Pre operative expenses- These expenditure are written off in five equals instalments.

Thank you.