Mar 31, 2015
1. (a) As per the policy of management each year actual bad debts are
ascertained after the consideration and they are written off.
(b) Balance of Loans, Debtors, Creditors and Deposits & Advances are
subject to confirmation from the respective parties
2. Note :
(a) The company is engaged in the business of Sale of Made Tea, Logs,
Fibre Board, Coal, Iron & Steel items, Wax, Garments, Trading in
securities & Misc. consumer products, etc. The Products and their
applications are homogeneous in nature. The business segments are
organized as domestic and international on the basis of geographical
segment.
(b) Segment assets & liabilities, as well as revenue and expenses are
directly attributable to the segment.
(c) All unallocated assets and liabilities and revenue and expenses are
treated separately.
(d) There are no separate reportable secondary segments.
(e) Accounting policies of the segment are the same as those described
in Summary of significant accounting policies as set out in Note No. 1
of Schedule.
3. The Company has not provided for the loss of inventory of coal
amounting to Rs. 2,25,00,000/- as the appropriate claims have been
filed with the insurance company. Shortfall, if any in respect of the
claim shall be accounted for as and when the claim is settled.
4. Based on the intimation received by the Company and information &
explanations given to us none of the suppliers have confirmed to be
registered under "The Micro, Small and Medium Enterprises Development
Act 2006". Accordingly the disclosures relating to amounts unpaid as at
the year ended together with interest paid or payable is not required
to be furnished.
5. The previous year figures have also been regrouped, rearranged, and
reclassified wherever necessary.
6. The information as required to be furnished pursuant to the General
Instructions to Part I & Part II of the Schedule III to the Companies
Act, 2013 have been given to the extent applicable.
Mar 31, 2014
1. a) As per the policy of management each year actual bad debts are
ascertained after the consideration and they are written off. (b)
Balance of Loans, Debtors, Creditors and Deposits & Advances are
subject to confirmation from the respective parties
2. Related Party Disclosures:
As per Accounting Standard-18, the disclosures of transactions with the
related parties are given below:
(i) List of Related Parties where control exists with whom transactions
have taken place and relationships:
Name of the Party
1. Greenol Laboratories Pvt. Ltd.
2. Sarita Nupur Vyapaar Pvt Ltd.
3. Asian Tea Co. Pvt Ltd
4. Asian Capital Market Ltd.
5. Asian Housing & Constructions Pvt Ltd
6. Hurdeodass Co. Pvt Ltd
7. H.R.Garg
8. Sunil Garg
9. Rajesh Garg
Nature of Relation
Subsidiary
Subsidiary
Associate
Associate
Associate
Associate
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Relative of Key Management Personnel (KMP)
Note:
(a) The company is engaged in the business of sale of made tea
(including blending), Logs, Coal, Iron & Steel items, Wax, Garments &
Misc. consumer products etc, The Products and their applications are
homogeneous in nature. The business segments are organized as domestic
and international on the basis of geographical segment.
(b) Segment assets & liabilities, as well as revenue and expenses are
directly attributable to the segment.
(c) All unallocated assets and liabilities and revenue and expenses are
treated separately.
(d) There are no separate reportable secondary segments.
(e) Accounting policies of the segment are the same as those described
in Summary of significant accounting policies as set out in Note No. 1
of Schedule.
3. Based on the intimation received by the company and information &
explanations given to us none of the suppliers have confirmed to be
registered under "The Micro, Small and Medium Enterprises Development
Act 2006". Accordingly the disclosures relating to amounts unpaid as
at the year ended together with interest paid or payable is not
required to be furnished.
4. The previous year figures have also been regrouped, rearranged,
and reclassified wherever necessary.
5. The information as required to be furnished pursuant to the
General Instructions to Part I & Part II of the Schedule VI to the
Companies Act, 1956 have been given to the extent applicable.
Mar 31, 2013
1. a) As per the policy of management each year actual bad debts are
ascertained after the consideration and they are written off. (b)
Balance of Deposits and Advances are subject to confirmation from the
respective parties
2. Based on the intimation received by the company and information &
explanations given to us none of the suppliers have confirmed to be
registered under "The Micro, Small and Medium Enterprises Development
Act 2006. Accordingly the disclosures relating to amounts unpaid as at
the year ended together with interest paid or payable is not required
to be furnished.
3. The previous year figures have also been regrouped, rearranged,
and reclassified wherever necessary.
4. The information as required to be furnished pursuant to the
General Instructions to Part I & Part II of the Schedule VI to the
Companies Act, 1956 have been given to the extent applicable.
Mar 31, 2012
1. a) As per the policy of management each year actual bad debts are
ascertained after the consideration and they are written off.
(b) Balance of Deposits and Advances are subject to confirmation from
the respective parties
(a) The company is engaged in the business of sale of made tea
(including blending), Logs & Iron & Steel items, etc. The Products and
their applications are homogeneous in nature. The business segments are
organized as domestic and international on the basis of geographical
segment.
(b) Segment assets & liabilities, as well as revenue and expenses are
directly attributable to the segment.
(c) All unallocated assets and liabilities and revenue and expenses are
treated separately.
(d) There are no separate reportable secondary segments.
(e) Accounting policies of the segment are the same as those described
in Summary of significant accounting policies as set out in Note No. 1
of Schedule.
2. The Company accounts for the profit/loss on forex derivative
contracts as & when they are settled as against AS-30, issued by the
Institute of Chartered Accountants of India on "Financial
Instruments: Recognition and Measurement" which requires the company
to provide for loss on outstanding forex derivative contracts as at
Balance Sheet date.
3. Based on the intimation received by the company none of the
suppliers have confirmed to be registered under "The Micro Small and
Medium Enterprises Development Act, 2006". Accordingly the
disclosures relating to amounts unpaid as at the year ended together
with interest paid or payable is not required to be furnished.
4. The financial statements for the year ended 31 st March, 2011 had
been prepared as per the then applicable, pre-revised Scheduled VI to
the Companies Act, 1956. Consequent to the notification under the
Companies Act, 1956, the financial statements for the year ended 31 st
March, 2012 are prepared under revised Schedule VI. Accordingly, the
previous year figures have also been reclassified to conform to this
year''s classification.
5. The information as required to be furnished pursuant to the
General Instructions to Part I & Part II of the Schedule VI to the
Companies Act, 1956 have been given to the extent applicable.
Mar 31, 2010
1. a) As per the policy of management each year actual bad debts are
ascertained after the consideration and they are written off.
(b) Balance of Deposits and Advances are subject to confirmation from
the respective parties
2. Rs.6,61,800/- paid to Tollygunge Club Ltd. and Rs.5,61,800/- paid
to Calcutta Club Ltd. for corporate Membership for 5 & 7 years
respectively is proportionately amortized over the life span of the
membership.
3. Segment Reporting as per AS-17 issued by ICAI:
Note:
(a) The company is engaged in the business of sale of made tea
(including blending) industrial items etc. The Products and their
applications are homogeneous in nature. The business segments are
organized as domestic and international on the basis of geographical
segment.
(b) Segment assets & liabilities, as well as revenue and expenses are
directly attributable to the segment.
(c) All unallocated assets and liabilities and revenue and expenses are
treated separately.
(d) There are no separate reportable secondary segments.
(e) Accounting policies of the segment are the same as those described
in Summary of significant accounting policies as set out in Note No. 1
of Schedule.
4. The Company accounts for the profit/loss on forex derivative
contracts as & when they are settled as against AS-30, issued by the
Institute of Chartered Accountants of India on "Financial Instruments:
Recognition and Measurement" which requires the company to provide for
loss on outstanding forex derivative contracts as at Balance Sheet
date. The profit amounting to Rs.10.88 Lacs on unexpired forex
derivative contracts has not been provided in the accounts.
5. There are no outstanding dues against entities falling under the
provisions of Micro Small and Medium Enterprises Development Act, 2006.
6. In terms of the approval of the shareholders of the company and as
per the applicable statutory provisions including Securities and
Exchange Board of India (Issue of Capital & Disclosure Regulations)
2009, the company on 4* March 2010, had issued and allotted 15,00,000
equity shares of Rs.10 each at a price of Rs.36/- per share by
conversion of warrants on preferential basis to entities in the
promoter & Non-promoter Group.
7. Earning in Foreign Exchange during the year amounted to Rs.
120,93,70,171/-
8. previous years figures have been re-grouped/re-arranged wherever
found necessary to the nearest rupees.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article