Mar 31, 2016
1. Terms/rights attached to Equity Shares
The Company has only one class of Equity shares having a par value of Rs. 10/- per share. All the equity shares rank pari passu in all respect.
2. The company has not issued bonus shares and shares for consideration other than cash nor the company has bought back any shares during the previous year
3. Previous period figures have been regrouped I reclassified, where necessary, to conform to this year''s classification
Mar 31, 2015
1. The financial statements of year ended June 2014 have been restated
to correct an error in the trade receivables to the extent of Rs. 563
lacs .The said receivables were irrecoverable, consequently, the same
have been charged to the profit and loss account(restated) for the said
period. Also the appropriate tax adjustment has been done thereon
amounting to 88.73 lacs.
2. The revised Schedule VI notified under the Companies Act 2013, has
become applicable to the company. The company has reclassified previous
year figures to conform to this year's classification.
Jun 30, 2014
Corporate Information
Aunde India Limited (the company) is a public company domiciled in
India and incorporated under the provisions of Indian Companies Act,
1956. The companyÂs equity shares are listed for trading on the Bombay
Stock Exchange. The company is engaged in manufacturing of Automotive
Fabrics.
Basis of Accounting
The Financial statements of the company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP). The financials are prepared under the historical cost
convention on an accrual basis and to comply in all material respects
with the Accounting Standards notified under the Companies (Accounting
Standard) Rules, 2006 (as amended) and to the extent applicable and
relevant provisions the Companies Act, 1956.
1. Share Capital
a. Terms/rights attached to Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs. 10/- per share. All the Equity Shares rank pari passu in all
respect.
b. The company has not issued bonus shares and shares for consideration
other than cash nor the company has bought back any shares during the
period of five years immediately preceding the reporting date.
2. Long Term Borrowings
The term loans from Saraswat Bank are secured by way of hypothecation
of specific Plant & Machineries/ Fixed assets to be purchased /
installed out of the sanctioned Term Loans amount, Pledge of Margin
Money TDRs against LCs (F/I) and collaterally secured by way of EMT of
Land & Building at Plot No. 146/145(1), Waghdhara Village Road, Dadra -
396 193, Union Territory of Dadra & Nagar Haveli and further charge on
entire Plant & Machineries installed at Survey No 356/1&2, Village
Dadra, Dadra-396193, Survey No.380/1, Khanvel Silvassa Road,
Dapada-396230 and Plot No.71, Phase -1, Indl Area, GIDC, Vapi-396195.
3. Short Term Borrowings
Cash Credit from Saraswat Bank is secured by way of hypothecation of
inventories of Raw Materials, Semifinished Goods & Finished Goods of
Auto Fabrics including imported Laminated and coated materials and Book
Debts as Primary and Collaterally secured by way of EMT of Land &
Building at Plot No. 146/145(1), Waghdhara Village Road, Dadra - 396
193, Union Territory of Dadra & Nagar Haveli and hypothecation of
Inventories/Plant & Machineries installed at Survey No.356/1-2, Village
Dadra, Dadra-396193, Survey No.380/1, Khanvel Silvassa Road,
Dapada-396230 & Plot No.71, Phase 1, Indl Area, GIDC,Vapi-396195.
4. Contingent Liabilities
Particulars 30th June 2014 30th June 2013
Rs. Rs.
(i) Contingent Liabilities
Claims against the company not
acknowledged as debt - -
Guarantees and Letter of Credit 21,112,746 12,818,230
Other money for which the company is
contingently liable - -
21,112,746 12,818,230
(ii) Commitments
Estimated amount of contracts
remaining to be executed on capital
account and not provided for - 6,724,652
Uncalled liability on shares and other
investments partly paid - -
Other commitments (specify nature) - -
- 6,724,652
Jun 30, 2013
1 Corporate Information
Aunde India Limited (the company) is a public company domiciled in
India and incorporated under the provisions of Indian Companies Act,
1956. The company''s equity shares are listed for trading on the Bombay
Stock Exchange. The company is engaged in manufacturing of Automotive
Fabrics.
2 Basis of Accounting
The Financial statements of the company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP). The financials are prepared under the historical cost
convention on an accrual basis and to comply in all material respects
with the Accounting Standards notified under the Companies (Accounting
Standard) Rules, 2006 (as amended) and to the extent applicable and
relevant provisions the Companies Act, 1956.
3. Related Party Disclosures
(a) List of Related Parties and Relationship
Name of the Party Relationship
Aunde Achter & Ebels GMBH Venturer
Madhyam Vinimay Pvt. Ltd. Associate
(b) Key Management Personnel
Mr. Ajay Anand Managing Director
(c) Related Party Transaction during the Year :-
4. The revised Schedule VI notified under the Companies Act 1956, has
become applicable to the company. The company has reclassified previous
year figures to conform to this year''s classification.
Jun 30, 2012
1. Corporate Information
Aunde India Limited (the company) is a public limited company domiciled
in India and incorporated under the provisions of Indian Companies Act,
1956. The company's equity shares are listed for trading on the
Bombay Stock Exchange. The company is engaged in manufacturing of
Automotive Fabrics.
2. Basis of Accounting
The Financial statements of the company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP). The financials are prepared under the historical cost
convention on an accrual basis and to comply in all material respects
with the Accounting Standards notified under the Companies (Accounting
Standard) Rules, 2006 (as amended) and to the extent applicable and
relevant provisions the Companies Act, 1956.
a. Terms/rights attached to Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs.. 10/- per share. All the Equity Shares rank pari passu in all
respect.
b. The company has not issued bonus shares and shares for
consideration other than cash nor the company has bought back any
shares during the period of five years immediately preceeding the
reporting date.
As per records of the company, including its register of shareholders /
members and other declarations received from shareholders regarding
beneficial interest, the above shareholding represents both legal and
beneficial ownerships of shares.
Note No.3.1
The term loans from Saraswat Bank are secured by way of hypothecation
of specific plant & machineries/ fixed assets to be purchased /
installed out of the sanctioned Term Loans amount, pledge of margin
money TDRs against LCs (F/I) and collaterally secured by way of EMT of
Land & Building at Plot No. 146/145(1), Waghdhara Village Road, Dadra -
396 191, Union Territory of Dadra & Nagar Haveli and further charge on
entire plant & machineries installed at Dadra & Vapi units.
Note No.4.1
Cash Credit from Saraswat Bank is secured by way of hypothecation of
inventories of raw materials, semi- finished goods & finished goods of
auto fabrics including imported laminated and coated materials and book
debts as primary and collaterally secured by way of eMt of land &
building at Plot No. 146/145(1), Waghdhara Village Road, Dadra - 396
191, Union Territory of Dadra & Nagar Haveli and hypothecation of plant
& machineries installed at Dadra & Vapi Units. Previous year figures
relate to Cash Credit Facility which were taken from Canara Bank. This
Cash Credit Facility is taken over by Saraswat Bank w.e.f.
November'2011.
5. Contingent liabilities
Particulars 30th June 2012 30th June 2011
Rs. Rs.
(i) Contingent Liabilities
Claims against the company not
acknowledged as debt - -
Guarantees and Letter of Credit 13,005,230 14,524,426
Other money for
which the company is
contingently liable - -
13,005,230 14,524,426
(ii) Commitments
Estimated amount of contracts
remaining to be executed on capital
account and not provided for 6,877,640 17,662,011
Uncalled liability on shares and
other investments partly paid - -
Other commitments (specify nature) - -
6,877,640 17,662,011
6. Till the year ended 30th June 2011,the company was using
pre-revised Schedule VI to the Companies Act 1956, for preparation and
presentation of it's financial statements. During the year ended 30th
June 2012, the revised Schedule VI notified under the Companies Act
1956, has become applicable to the company. The company has
reclassified previous year figures to conform to this year's
classification. The adoption of revised Schedule VI does not impact
recognition and measurement principles followed for preparation of
financial statements. However, it significantly impacts presentation
and disclosures made in the financial statements, particularly
presentation of balance sheet.
Jun 30, 2010
1 Unsecured Loan of Rs.59,400,000/- from a company is balance
consideration payable to Faze Three Ltd. consequent to the
implementation of the scheme of arrangement.
2 Sundry Creditors include Rs. 1,58,603/- (previous year Rs.
8,84,406/-) due to ancillary / small scale industrial undertakings to
the extent such parties have been identified from available
information. As at 30th June 2010, there were no small scale industrial
undertaking to whom the company owes Rs.100,000/- or more and which are
outstanding for more than 30 days.
3 Company does not have any scheme for leave encashment.
4 Segmental Reporting
The Company has only one segment of activity namely Autofabrics.
5 Related Party Disclosures
a) List of Related Parties and Relationship
Name of the party Relationship
M/s. Faze Three Ltd Associate
b) Key Management Personnel
1 Mr. AjayAnand Managing Director
6 Previous years figures have been regrouped/reclassified wherever
necessary.
Jun 30, 2009
1 In the absence of taxable income for the year ended on 30-06-2009,
the company has made provision for tax under section 115JB of the
Income Tax Act (MATTax) on book profits of the company.
2 The company has provided for Fringe Benefit Tax for the FY 2008-2009
for value of benefits for the period ended 31-03-2009 upto the date
said tax is applicable.
2008-2009 2007-2008
Rupees Rupees
3 Contingent Liabilities:
a) Bank Guarantees 1,875,000 1,875,000
b) Foreign Letter of Credits - 11,076,800
c) Estimated amount of
contracts remaining to be 812,283 18,078,964
executed on capital account not
provided for
4 Additional information pursuant to paragraph 3.4(c) and 4(d) of Part
II of Schedule VI of the Companies Act, 1956.
5 Unsecured Loan of Rs.59,400,000/- from a company is balance
consideration payable to Faze Three Ltd. consequent to the
implementation of the scheme of arrangement
6 Sundry Creditors include Rs.-8,84,406/- (previous year
Rs.15,38,012/-) due to ancillary / small scale industrial undertakings
to the extent such parties have been identified from available
information. As at 30th June 2009, there were no small scale industrial
undertaking to whom the company owes Rs. 100,000/- or more and which
are outstanding for more than 30 days.
7 Company does not have any scheme for leave encashment.
8 Segmental Reporting
The Company has only one segment of activity namely Autofabrics.
9 Related Party Disclosures
a) List of Related Parties and Relationship
Name of the party Relationship
M/s. Faze Three Ltd Associate
b) Key Management Personnel
1 Mr. AjayAnand Managing Director
10 Previous years figures have been regrouped/reclassified wherever
necessary.
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