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Notes to Accounts of Asian Petroproducts & Exports Ltd.

Mar 31, 2014

1. Leave Encashment Liability payable on retirement or otherwise has not been provided as the same would be charged in the year of retirement or when paid.

2. Related Party Disclosures required as per AS-18, The Company having no transactions with the related parties during the year.

3. In the opinion of the Board, current assets, loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which they are stated.

Previous year figures have been regrouped / rearranged / reclassified wherever necessary and figures have been rounded off to the nearest rupee.

4. Additional information required pursuant to part II of the schedule VI the Companies Act, 1956 for trading in shares.

5. Segment Reporting:

The company primarily deals in the business of manufacturing speciality chemicals hence there is no Primary reportable segment in the context of Accounting Standard 17 issued by The Institute of Chartered Accountants of India. As the Company''s Export Turnover is Nil, there is no reportable geographical segment.

6. Details of dues to Micro & Small Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company is in the process of complying relevant information on the supplier about their coverage under the act. Since relevant information is not readily available, no disclosure is made on this account.

7. Contingent Liabilities

Contingent Liabilities are not provided for and are disclosed by way of Notes.


Mar 31, 2013

1. Leave Encashment Liability payable on retirement or otherwise has not been provided as the same would be charged in the year of retirement or when paid.

2. Related Party Disclosures required as per AS-18, The Company having no transactions with the related parties during the year.

3. In the opinion of the Board, current assets, loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which they are stated.

Previous year figures have been regrouped / rearranged / reclassified wherever necessary and figures have been rounded off to the nearest rupee.

4. Additional information required pursuant to part II of the schedule VI the Companies Act, 1956 for trading in shares.

5. Segment Reporting:

The company primarily deals in the business of manufacturing specialty chemicals hence there is no Primary reportable segment in the context of Accounting Standard 17 issued by The Institute of Chartered Accountants of India. As the Company''s Export Turnover is Nil, there is no reportable geographical segment.

6. Details of dues to Micro & Small Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company is in the process of complying relevant information on the supplier about their coverage under the act. Since relevant information is not readily available, no disclosure is made on this account.


Mar 31, 2012

1. Leave Encashment Liability payable on retirement or otherwise has not been provided as the same would be charged in the year of retirement or when paid.

2. Related Party Disclosures required as per AS-18, The Company having no transactions with the related parties during the year.

3. In the opinion of the Board, current assets, loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which they are stated.

Previous year figures have been regrouped / rearranged / reclassified wherever necessary and figures have been rounded off to the nearest rupee.

4. Segment Reporting:

The company primarily deals in the business of manufacturing speciality chemicals hence there is no Primary reportable segment in the context of Accounting Standard 17 issued by The Institute of Chartered Accountants of India. As the Company''s Export Turnover is Nil, there is no reportable geographical segment.

5. Details of dues to Micro & Small Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company is in the process of complying relevant information on the supplier about their coverage under the act. Since relevant information is not readily available, no disclosure is made on this account.

6. Contingent Liabilities

Contingent Liabilities are not provided for and are disclosed by way of Notes.


Mar 31, 2010

1. (a) The Company has received and given interest free loans, to parties on which we are I unable to express opinion.

(b) The company has not completed with condition of corporate governance no committee have been formed for review of various important matters.

2. TAXATION MATTERS

No provisions for Tax is required as per Provision for Income Tax Act 1961. The Assessment are completed upto A.Year 1999-2000

3. Additional information pursuant to requirement of Part II Schedule IV of the Companies Act 1956

a) No employees are in receipt of remunerations which in agreegate is more than Rs.600000/- p.a, if employed for part of the year

4. As per Accounting standard 22 Deferred Tax Liability/ Assets are not made on account of past accumulated losses. In the current year No provision for deffered tax liability is made in curreni year

5. Balance of Sundry Debtors, Market purchase account, Sundry Creditors, loans & advances and bill discounted are subject to confirmation.

6. Related party transaction as per AS 18

a) Controlling Companies : No controlling Company

b) Subsidiary Companies : No Subsidiary Company

c) Associate Companies : As below

d) Key Management Personnel : J K Chaturvedi

7. Previous year figures have been regrouped and rearranged wherever necessary for comparison purpose with current year figures.

8. No dues are outstanding to small-scale undertaking.

 
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