Home  »  Company  »  B&A Packaging India  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of B&A Packaging India Ltd.

Mar 31, 2014

Year ended Year ended 1.01 Other details : 31st March, 2014 31st March, 2013

e) Contingent Liabilities not provided for

Bank Guarantee - 77,053

Sales Tax 2,21,49,353 1,02,62,639

Bill discounting - 5,61,466

1.02 The Company has two segments viz. Paper Sacks and Flexible Laminates in terms of AS-17 of Accounting Standard Rules 2006. Segments are identified and reported taking into account nature of products and services, the differing risks and returns and the internal business reporting systems. The accounting policies adopted for segment reporting are in line with the accounting policy of the Company for segment reporting.


Mar 31, 2013

1.1 The Company has recognised Flexible Laminates as a separate segment from this financial year, in terms of AS-17 of Accounting Standard Rules 2006. Segments have been identified and reported taking into account nature of products and services, the differing risks and returns and the internal business reporting systems. The accounting policies adopted for segment reporting are in line with the accounting policy of the Company for segment reporting.

1.2 DISCLOSURE REGARDING MICRO,SMALL AND MEDIUM ENTERPRISES

The amount due to Micro and Small Enterprises as defined in the "The Micro, Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of information available with the Company. The disclosures relating to Micro and Small Enterprises pursuant to Sec22 of "The Micro,Small and Medium Enterprises Development Act,2006 are as under:


Mar 31, 2012

Not Available


Mar 31, 2011

1. The name of the Company has been changed from B&A Multiwall Packaging Limited to B&A Packaging India Limited vide fresh Certificate of Incorporation dated 8th July, 2010 issued by the Registrar of Companies, Orissa.

2. The Company has changed its financial year from calendar year to April - March. Accordingly, these accounts consist of a period of fifteen months from 1st January, 2010 to 31st March, 2011. Hence the figures for the current period are not comparable.

Previous year's figures have been regrouped and rearranged, where ever necessary



3. Contingent Liabilities not provided for

Bank Guarantee 81,600 3,73,360

Sales Tax 64,02,197 99,93,668

Bill discounting 5,61,466 -

4. In terms of Industrial Policies of 1986 and 1989 declared by Government of Orissa, the Company opted for the Sales Tax Deferment Scheme upto 30.11.1996 and the Deferred Sales Tax balance stands at Rs 8,23,134 as on 31.03.2011 (As on 31.12.2009 -Rs 8,23,134)

5. The Company has one business segment of manufacture and sale of paper sacks, hence no separate disclosure is necessary in respect of AS 17.

6. The Company has taxable income for the year. Provision made in these accounts for the Current Tax represents tax payable in accordance with Income Tax Act, 1961.


Dec 31, 2009

1. Licensed, Installed Capacities and Actual Production:

Year Annual Capacity Actual Class of Goods Units ended Licensed Installed Production

Paper Sacks Nos. 31.12.2009 60 Million 35 Million 6.41Million

Paper Sacks Nos. 31.12.2008 60 Million 35 Million 8.12Million

(Note : Capacity of Paper Sacks plant is dependant on the product-mix. Annual Installed capacity of 35 Million is based on production of cement sacks only. With the present product-mix annual capacity works out to 9 Million Sacks.,)

2. Particulars with respect to Stocks and Sales :

Year ended Year ended 31st December, 2009 31st December, 2008 Class of Goods Units Quantity Value Quantity Value

Opening Stock Nos. 4,67,175 99,03,520 6,61,291 98,28,157 Sale Nos. 66,69,173 20,22,64,393 83,09,236 23,28,32,351 Closing Stock Nos. 3,52,812 82,88,960 4,67,175 99,03,520

3. Value of Imports on C.I.F basis - Raw Materials 5,46,71,935 11,39,86,933

4. Earning in Foreign Currency - Export of Goods (F.O.B Basis) 48,64,674 32,76,976

5. Expenses in Foreign Currency 7,09,008 --

6. Contingent Liabilities not provided for

Bank Guarantee 3,73,360 3,73,360

Sales Tax 99,93,668 70,08,928

7. In terms of Industrial Policies of 1986 and 1989 declared by Government of Orissa, the Company opted for the Sales Tax Deferment Scheme upto 30.11.1996 and the Deferred Sales Tax balance stands at Rs. 8,23,134/- as on 31.12.2009 (As on 31.12.2008 - Rs. 8,23,134)

8. As per Accounting Standard - 15 "Employees Benefits" the disclosure of Employee Benefits as defined in the Accounting Standard are as follows.

Provision for Post retirement medical benefit to eligible employees has been made as per Companys calculation.

9. The Company has one business segment of manufacture and sale of paper sacks, hence no separate disclosure is necessary in respect of AS 17.

10. The Company has taxable income for the year. Provision made in these accounts for the Current Tax represents Normal Tax payable in accordance with Income Tax Act, 1961.

11. The Company has complied with the requirements of Accounting Standard 22. The major components of the Deferred Tax Assets and Liabilities based on the tax effect of timing difference are as under:

12. Disclosure regarding Micro, Small and Medium Enterprises

The amount due to Micro and Small Enterprises as defined in the The Micro Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of information available with the Company. The disclosures relating to Micro and Small Enterprises are as under:

 
Subscribe now to get personal finance updates in your inbox!