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Notes to Accounts of Alliance Integrated Metaliks Ltd.

Jun 30, 2015

Terms of redemption of preference shares

Preference Shares will not be redeemed before 11 years & not later than 15 years from the date of allotment i.e May 2013 at such premium as may be decided by the board of Directors in accordance with the provisions of Companies Act, 2013 or any re-enactment thereof.

1.1 RECONCILIATION OF SHARE CAPITAL

The reconciliation of the number of Equity shares outstanding and the amount of Equity share capital as at June 30, 2014 and June 30, 2015 is set out below:

Deferred Tax Assets and Deferred Tax Liabilities have been offset wherever the company has legally enforceable right to set current tax assets against current tax liabilities and wherever the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.

Note No. 1.2 RELATED PARTY DISCLOSURES & TRANSACTIONS

As per AS-18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below:

A) Names of related parties & description of relationship

1) Holding Company WLD Investments Pvt Ltd.

2) Associates (a) ARGL Limited

(b) ACIL Limited

3) Key Management Personnel (a) Shri Mahesh Ochani, Managing

Director (upto Dec. 1, 2014)

(b) Shri Daljit Singh Chahal, Whole time Director (w.e.f. Dec. 2, 2014)

(c) Shri Pawan Kumar, Chief Financial Officer

(d) Ms. Ritika Kamboj, Company Secretary


Jun 30, 2014

The Previous period figures have been regrouped / reclassified, wherever considered necessary to conform to the current year''s presentation.

Terms of redemption of preference shares

Preference Shares will not be redeemed before 11 years & not later than 15 years from the date of allotment i.e May 2013 at such premium as may be decided by the board of Directors in accordance with the provisions of Companies Act, 1956 or any re-enactment thereof.

1.1.1 RECONCILIATION OF SHARE CAPITAL

The reconciliation of the number of Equity shares outstanding and the amount of Equity share capital as at June 30, 2013 and June 30, 2014 is set out below:

Note:

Term Loans are secured by equitable mortgage of all immovable properties of the Company and hypothecation of movable assets, save and except the charge in favour of Banks & Financial Institutions over inventories and book debts to secure working capital limits.

Deferred Tax Assets and Deferred Tax Liabilities have been offset wherever the company has legally enforceable right to set of current tax assets against current tax liabilities and wherever the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.

Note: Working capital facilities are secured by hypothecation of raw material, semi-finished goods, stock-in process, consumable stores and book debts of the company.

1.2.1 CONTINGENT LIABILITIES (Rs. In Lacs)

Particulars For the year ended For the year ended 30th June, 2014 30th June, 2013

*Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

Bank Guarantees 2,189.54 2,217.73



Total 2,189.54 2,217.73

* Contingent Assets are neither recognised nor disclosed

Note No. 2.1 RELATED PARTY DISCLOSURES & TRANSACTIONS

As per AS-18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below:

A) Names of related parties & description of relationship

1) Holding Company WLD Investments Pvt Ltd.

2) Associates (a) ARGL Limited

(b) ACIL Limited

3) Key Management Personnel (a) Shri Mahesh Ochani


Jun 30, 2013

The Previous period figures have been regrouped / reclassified, wherever considered necessary to conform to the current year''s presentation.

Terms of redemption of preference shares

Preference Shares will not be redeemed before 11 years & not later than 15 years from the date of allotment i.e May 2013 at such premium as may be decided by the board of Directors in accordance with the provisions of Companies Act, 1956 or any re-enactment thereof.

Deferred Tax Assets and Deferred Tax Liabilities have been offset wherever the company has legally enforceable right to set of current tax assets against current tax liabilities and wherever the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.

1.1 CONTINGENT LIABILITIES

(Rs. In Lacs)

Particulars For the year ended For the year ended 30th June, 2013 30th June, 2012

*Estimated amount of contracts remaining to be executed on capital account and not provided for NIL 4,550.77 Bank Guarantees 2,217.73 63.42

Total 2,217.73 4,614.19

* Contingent Assets are neither recognised nor disclosed

 
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