The company announced that based on a preliminary assessment of its unaudited financials, it expects to report a substantial loss for the year ended March 31, 2015 compared to a net profit in the previous year. This expected loss was mainly due to a decrease in revenue from luxury goods sales due to China's anti-extravagance policies, losses on foreign exchange contracts, and increased financing costs. The company also expects to incur impairment losses on some assets. Shareholders are advised to exercise caution when dealing in the company's shares.
To understand the registration procedure for incorporating a company in Saif Zone Sharjah. The webinar shall touch upon the different types of free zones in Sharjah. The webinar shall also dwell upon the various advantages and limitations. The webinar shall throw some light on the estimated time and cost of incorporation.
To understand the registration procedure for incorporating a company in Saif Zone Sharjah. The webinar shall touch upon the different types of free zones in Sharjah. The webinar shall also dwell upon the various advantages and limitations. The webinar shall throw some light on the estimated time and cost of incorporation.
Specialising in the training of qualified accountants for CPD he has lectured in several countries around the world as well as regular in house courses for large listed companies, SMEs and public sector entities on the subject of International Financial Reporting Standards.
The concept of Dormant Company is introduced under section 455 of the Companies Act, 2013 read with The Companies (Miscellaneous) Rules, 2014 and came into effect from 1st April, 2014. Basically itโs the status of company which is becomes dormant.
Dormant company in general means temporarily inactive. As per provision of Companies Act, 2013 any company can apply for dormant status of the company by making application to Registrar, if it fulfils the required conditions.
This presentation covers benefits of filing income tax return even if your income is below taxable slab. There are many benefits of filing NIL returns as well so make sure to file your income tax return on or before due date , i.e. November 30, 2020
FSSAI is a term which is used for Food Safety & Standards Authority of India, and it has become mandatory for anyone who is getting into the business of food related products. Food license has become essential in India, as no one can run a business of food related items without having food license with them. We can help you to apply for Food license, and the required documents necessary for it. Get More Info at: https://swaritadvisors.com/fssai-license
Muds services of Winding Up of a Company:
Procedure for Winding up Private Limited Company.
Expert assistance to start winding up of a company.
Advice on Winding up or liquidation of a Company.
End-to-End follow-up till the process is complete.
Liaising with the Ministry of Corporate Affairs (MCA) and NCLT.
https://muds.co.in/winding-up-of-a-company/
Under Indian Companies Act, 2013 - the concept of Dormant Company has been introduced. If your Group have some inactive companies then by using this Section - you can skip expense on accounts preparation, audit, and routine filing. The Corporate Hibernation can continue for five years at a time. Good for Auditors too - as such companies will not be counted under the limits of 20.
2015 onwards, Annual Returns of ROC have become complicated, cumbersome and detailed. Annual Return itself requires lot many information. Board's Report is required to be supported by number of annexures. An attempt has been made to go through the technicalities.
Muds Services:
1. Complete assistance during company formation
2. End-to-end assistance in the application
with RBI
3. Market research and lending model planning
4. Compilation of various documents & filing of online application for registration
5. Generation of the Business plan
and compliance support post-registration
DIN or Director Identification Number is a unique number allocated to both existing director or would be director of any existing company incorporated under section 266A and 266G of the Act,2006.
https://muds.co.in/removal-of-directors-disqualification/
Specialising in the training of qualified accountants for CPD he has lectured in several countries around the world as well as regular in house courses for large listed companies, SMEs and public sector entities on the subject of International Financial Reporting Standards.
The concept of Dormant Company is introduced under section 455 of the Companies Act, 2013 read with The Companies (Miscellaneous) Rules, 2014 and came into effect from 1st April, 2014. Basically itโs the status of company which is becomes dormant.
Dormant company in general means temporarily inactive. As per provision of Companies Act, 2013 any company can apply for dormant status of the company by making application to Registrar, if it fulfils the required conditions.
This presentation covers benefits of filing income tax return even if your income is below taxable slab. There are many benefits of filing NIL returns as well so make sure to file your income tax return on or before due date , i.e. November 30, 2020
FSSAI is a term which is used for Food Safety & Standards Authority of India, and it has become mandatory for anyone who is getting into the business of food related products. Food license has become essential in India, as no one can run a business of food related items without having food license with them. We can help you to apply for Food license, and the required documents necessary for it. Get More Info at: https://swaritadvisors.com/fssai-license
Muds services of Winding Up of a Company:
Procedure for Winding up Private Limited Company.
Expert assistance to start winding up of a company.
Advice on Winding up or liquidation of a Company.
End-to-End follow-up till the process is complete.
Liaising with the Ministry of Corporate Affairs (MCA) and NCLT.
https://muds.co.in/winding-up-of-a-company/
Under Indian Companies Act, 2013 - the concept of Dormant Company has been introduced. If your Group have some inactive companies then by using this Section - you can skip expense on accounts preparation, audit, and routine filing. The Corporate Hibernation can continue for five years at a time. Good for Auditors too - as such companies will not be counted under the limits of 20.
2015 onwards, Annual Returns of ROC have become complicated, cumbersome and detailed. Annual Return itself requires lot many information. Board's Report is required to be supported by number of annexures. An attempt has been made to go through the technicalities.
Muds Services:
1. Complete assistance during company formation
2. End-to-end assistance in the application
with RBI
3. Market research and lending model planning
4. Compilation of various documents & filing of online application for registration
5. Generation of the Business plan
and compliance support post-registration
DIN or Director Identification Number is a unique number allocated to both existing director or would be director of any existing company incorporated under section 266A and 266G of the Act,2006.
https://muds.co.in/removal-of-directors-disqualification/
We expect the Palm Oil prices to trade at around current levels and stabilize towards the end of the year, in line with forecasts made by industry analysts. We have also been able to manage the cost of production through stringent cost management initiatives and through focus on improving the field management practices.
The quarter one investor update of July highlights the achievements of GHCL in chemicals, textiles and consumer products. It also highlights the current pandemic situation and the impact it has made on the industry. With an emphasis on the core values, GHCL focuses on profitable yet sustainable growth that can be noted in the incentives and approaches it takes.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Improving profitability for small businessBen Wann
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
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This article provides a comprehensive guide on how to
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Unveiling the Secrets How Does Generative AI Work.pdfSam H
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At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
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Sparkle Roll: Profit Warning
1. 1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Sparkle Roll Group Limited
่ ่ ้ ๅ ๆ ้ ๅ ฌ ๅธ *
(Incorporated in Bermuda with limited liability)
(Stock Code: 970)
PROFIT WARNING
This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules
and the Inside Information Provisions under Part XIVA of the SFO.
The Board wishes to inform the Shareholders and potential investors that the Group is
expected to record a substantial loss for the year ended 31 March 2015 as compared with a
net profit recorded for the year ended 31 March 2014 based on a preliminary assessment by
the Board in accordance with the latest unaudited consolidated management accounts of the
Group which have not yet been reviewed or audited by the Companyโs auditor.
Shareholders and potential investors are advised to exercise extreme caution when
dealing in the shares of the Company.
This announcement is made by Sparkle Roll Group Limited (the โCompanyโ together with
its subsidiaries, the โGroupโ) pursuant to Rule 13.09 of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the โListing Rulesโ) and Inside
Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571,
Laws of Hong Kong) (the โSFOโ).
* for identification purpose only
2. 2
The board of directors (the โBoardโ) of the Company wishes to inform the shareholders of
the Company (the โShareholdersโ) and potential investors that based on the preliminary
assessment of the unaudited financial information currently available to the Board, the Group
is expected to record a substantial loss for the year ended 31 March 2015 as compared with a
net profit recorded for the year ended 31 March 2014.
This expected loss was mainly as a result of (i) decrease in revenue and gross profit from
sales of automobiles, watches and jewelries due to the PRC governmentโs anti-extravagance
policies which adversely impacted the demand for the Groupโs luxury products particularly in
the fourth quarter of the current financial year; (ii) approximately HK$10,000,000 losses on
forward foreign exchange contracts as a result of the depreciation of the Euro and Swiss Franc
against Hong Kong dollars; and (iii) approximately 30% increase in finance costs arising from
purchase of automobiles in the fourth quarter of the current financial year.
In addition, in view of the persistent operating losses in watch, jewelry and fine wine
segments, the Board expects that the Group might also incur impairment losses on
certain carrying amounts of intangible assets, property, plant and equipment, in which a
substantial amount of impairment losses might be incurred in the business of such segments.
Furthermore, due to decline in financial performance of the automobile business, there is also
an impairment indication for the goodwill. Therefore, the Board expects that such impairment
losses will further adversely affect the results of the Group for the year ended 31 March 2015.
At present, the actual basis and the amount of the impairment losses cannot be ascertained by
the Board and the Group is in progress to review the impairment assessment. However, the
Board wishes to inform the Shareholders and potential investors that the impairment losses are
accounting related adjustments. As such losses are non-cash in nature, they do not affect the
Groupโs cash flow condition.
The information contained in this announcement is only based on a preliminary assessment by
the Board in accordance with the latest unaudited consolidated management accounts of the
Group, which have not yet been reviewed or audited by the Companyโs auditor. The Groupโs
results for the year ended 31 March 2015 are expected to be published before the end of June
2015.
3. 3
Shareholders and potential investors are advised to exercise extreme caution when
dealing in the shares of the Company.
By Order of the Board
Sparkle Roll Group Limited
Tong Kai Lap
Chairman
Hong Kong, 13 April 2015
As at the date of this announcement, the Company has three executive Directors, three non-
executive Directors and three independent non-executive Directors. The executive Directors
are Mr. Tong Kai Lap, Mr. Zheng Hao Jiang and Mr. Zhao Xiao Dong. The non-executive
Directors are Mr. Zhang Si Jian, Mr. Gao Yu and Mr. Qi Jian Wei. The independent non-
executive Directors are Mr. Choy Sze Chung, Jojo, Mr. Lam Kwok Cheong and Mr. Lee
Thomas Kang Bor.