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Notes to Accounts of Alliance Integrated Metaliks Ltd.

Mar 31, 2016

Note No. 1

Previous year figures being for 12 months are not comparable with the figures of current period.

Note No. 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 Daljit Singh Chahal, Whole time

Director

(b)

Shri Pawan Kumar, Chief Financial

Officer

(c)

Ms. Ritika Kamboj, Company Secretary

till 16.10.2016

(d)

Ms. Prerna Wadhwa, Company

Secretary w.e.f. 24.02.2016


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


Jun 30, 2012

Note No : 1.1.1 RECONCILIATION OF SHARE CAPITAL

The reconciliation of the number of shares outstanding and the amount of share capital as at June 30, 2011 and June 30, 2012 is set out below:

Note:

1. The company has been sanctioned a term loan of Rs. 400 Crores from banks and has been availed only Rs. 307.18 Crores. The repayment schedule is based on the sanctioned term loan of Rs. 400 Crores only.

2. There is no default in repayment of loans and payment of interest as on Balance sheet date.

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 No : 1.1.2 CONTINGENT LIABILITIES (Amount in Rs.)

Particulars For the year ended For the year ended June 30, 2012 June 30, 2011

Estimated amount of contracts remaining to be executed on capital account and not provided for 455,076,846.00 838,524,380.00

Bank Guarantees 6,341,890.00 -

Total 461,418,736.00 838,524,380.00



* contingent assets are neither recognised nor disclosed

Note No : 1.2 RELATED PARTY DISCLOSURES & TRANSACTIONS

In accordance with the requirements of Accounting Standard AS -18 issued by the Institute of Chartered Accountants of India, the names of the Related Party / Parties where control exists and / or with whom transactions have taken place during the year and description of relationships as identified and certified by the management are as hereunder:


Jun 30, 2011

1. Contingent Liabilities

Sr. No. Particulars Current Year Previous Year

a. Estimated amount of contracts remaining to be executed on capital account and not provided for 8385.24 Nil

b. Contingent Liabilities Nil Nil

2. RETIREMENT BENEFITS

The Company has various Schemes of retirement benefits schemes such as Provident Fund, Gratuity and Earned Leaves.

Post Employment Benefit Plans:

Effective from financial year 2007-08, the company has implemented Accounting Standard (AS)-15 (Revised -2005) dealing with Employees Benefits, issued by the Institute of Chartered Accountants of India. AS-15 (Revised-2005) deals with recognition, measurement and disclosure of short term, post employment, termination and other long term employee benefits provided by the company.

Payments to defined contribution retirement benefit schemes is charged as an expense as they fall due.

The cost of providing defined benefits is determined using Projected Unit Credit Method and accordingly, actuarial valuation has been carried out at the Balance Sheet date. Actuarial gain & losses are recognized in full in the profit & loss account for the period in which they occur. Past service cost is recognized to the extent the benefits are already vested, and otherwise is amortized on a Straight line Method over the average period until the benefits become vested.

The retirement benefit obligations recognized in the Balance Sheet represent the present value of the defined benefit obligations as adjusted for unrecognized past service cost, and as reduced by the fair value of available refunds and reductions in future contributions to the scheme.

a) Defined Benefit plan:

Gratuity Plan & Leave Encashment Plan

The company, in accordance with AS-15 (Revised) has made the provision for Gratuity and Leave Encashment on projected unit credit method.

Disclosure in respect of Employees Benefit plans"

3. Related party Disclosures & transactions:

In accordance with the requirements of Accounting Standard AS -18 issued by the Institute of Chartered Accountants of India, the names of the Related Party / Parties where control exists and / or with whom transactions have taken place during the year and description of relationships as identified and certified by the management are as hereunder:

4. Capital work in progress includes advances for capital expenditure & expenses of preoperative nature incurred towards new project under implementation.

5. Previous years figures have been regrouped and rearranged wherever necessary.


Jun 30, 2010

1. Schedule 1 to 10 form an integral part of the Balance Sheet and Profit & Loss Account.

2. The company, during the year has issued Bonus shares to existing shareholders in the ratio of 4:1 ie 4 shares for 1 shares held.

3. Related party Disclosures & transactions:

In accordance with the requirements of Accounting Standard AS -18 issued by the Institute of Chartered Accountants of India, the names of the Related Party /Parties where control exists and / or with whom transactions have taken place during the year and description of relationships as identified and certified bv the management are as hereunder:

4. Capital work in progress includes advances for capital expenditure & expenses of preoperative nature incurred towards new project under implementation.

5. Previous year''s figures have been regrouped and rearranged wherever necessary,


Jun 30, 2009

1. (Rs. In l.acs)

Yr Ended 30.06.09 yr. Ended 30.06.08

2. Contingent Liabilities Nil NiL

3. Previous year figures have been regrouped/rearranged wherever considered necessary.

4. Capital-work-in-Progress includes advances for capital expenditure & Expenses of Pre operative nature incurred towards new project under implementation.

5. Schedule to 10 forms an integral part of the Balance Shekel and Profit & Loss Account.

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