Mar 31, 2015
A. Terms / rights attached to Equity Shares The company has only one
class of equity shares having a per value Rs 10 per share. Each holder
of equity Share is entitled to one vote per share.
In the event of liquidation of the company , the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preference amounts. The distribution will be
in proportion to the number of equity shares held by the shareholders
Aggregate Market Value of Quoted Investments - Bala Techno Industries
Ltd : Rs194962/- ( Previous year - Rs 485138/-)
ICICI Bank Ltd : Rs 703425/- ( Previous year -Rs 590623/-)
# Investment in 15 % Non-Cumulative, Reedemable Preference shares
* Investment in 0.01 % Non-Cumulative Reedemable preference Shares
(1)The amount of Allotment money in Arrears is subject to reconciliation.
(2) Noncurrent Investments are stated at cost. Any diminution in the
value of non- current investments has not been accounted for in the
books as in the opinion of the Board of Directors, it is due to short
term market fluctuation
(3)There are no Contingent liabilities as on 31.3.2015 (Prev. Year
'Nil'). (24)Disclosure of earning per share as per Accounting
Standard-20. Earnings per shareÂThe Numerators and Denominators used
to calculate Basic/Diluted earnings per share.
(4) Based on the information available with the Company, there were no
dues Payable to Small Scale Industrial Undertakings, which are
outstanding for more than thirty days.
(5) The balances of Trade receivables, Trade payables, Loans &
Advances are subject to confirmation from respective parties.
(6) In terms of Accounting Standard 17 of the Institute of Chartered
Accountants of India, Segment Information has not been given as the
Company has no reportable Business or Geographical segment.
(7) Related party disclosures as per Accounting Standard 18 of
Chartered Accountants of India. There is no related party in terms of
this Accounting Standard.
Note : Related Party relationship is as identified by the Company and
relied upon by the auditor.
(8) Previous Years figures have been re-grouped and rearranged
wherever considered necessary.
Mar 31, 2014
(1) There are no Contingent liabilities as on 31.3.2014 (Prev. Year
''Nil'').
(2) The amount of Allotment money in Arrears is subject to
reconciliation.
(3) Non current Investments are stated at cost. Any diminution in the
value of non current investments has not been accounted for in the
books as in the opinion of the Board of Directors, it is due to short
term market fluctuation.
(4) Based on the information available with the Company, there were no
dues payable to Small Scale Industrial Undertakings, which are
outstanding for more than thirty days.
(5) The balances of Trade receivables, Trade payables, Loans &
Advances are subject to confirmation from respective parties.
(6) In terms of Accounting Standard 17 of the Institute of Chartered
Accountants of India, Segment Information has not been given as the
Company has no reportable Business or Geographical segment.
(7) Related party disclosures as per Accounting Standard 18 of
Chartered Accountants of India.There is no related party in terms of
this Accounting Standard.
Note : Related Party relationship is as identified by the Company and
relied upon by the auditor.
(8) Previous Years figures have been re-grouped and rearranged
wherever considered necessary.
Mar 31, 2013
1) There are no Contingent liabilities as on 31.3.2013 (Prev. Year
ÂNil'').
2) The amount of Allotment money in Arrears is subject to
reconciliation.
3) Non current Investments are stated at cost. Any diminution in the
value of non current investments has not been accounted for in the
books as in the opinion of the Board of Directors, it is due to short
term market fluctuation.
4) Based on the information available with the Company, there were no
dues payable to Small Scale Industrial Undertakings, which are
outstanding for more than thirty days.
5) The balances of Trade receivables, Trade payables, Loans & Advances
are subject to confirmation from respective parties.
6) In terms of Accounting Standard 17 of the Institute of Chartered
Accountents of India, Segment Information has not been gives as the
Company has no reportable Business or Geographical segment.
7) Related party disclosures as per Accounting Standard 18 are given
below :- i) Name and description of relationship with the related
parties :
1. City desk Finance (P) Ltd.
2. Cross Finance (P) Limited.
3. Mehra Traders.
4. Kapil Mehra.
5. Siddharth Mehra.
6. Anil kr Saha
7. Atlantic Projects Limited
8. Pacific Cotspin Limited
9. Bala Techno Industries Limited
10. Premlata Mehra Welfare Trust
11. Gautam Mehra(HUF)
Note : Related Party relationship is as identified by the Company and
relied upon by the auditor.
8) Previous Years figures have been re-grouped and rearranged
wherever considered necessary.
Mar 31, 2012
(1) There are no Contingent liabilities as on 31.3.2012 (Prev. Year
''Nil'').
(2) The amount of Allotment money in Arrears, Share Issue Refundable
are subject to reconciliation.
(3) Long Term Investments are stated at cost. Any diminution in the
value of long term investments has not been accounted for in the books
as in the opinion of the Board of Directors, it is due to short term
market fluctuation.
(4). Based on the information available with the Company, there were
no dues payable to Small Scale Industrial Undertakings, which are
outstanding for more than thirty days.
(5). The balances of Sundry Debtors, Sundry Creditors, Loans &
Advances are subject to confirmation from respective parties.
(6). In terms of Accounting Standard 17 of the Institute of Chartered
Accountents of India, Segment Information has not been gives as the
Company has no reportable Business or Geographical segment.
(7). Related party disclosures as per Accounting Standard 18 are
given below :-
i) Name and description of relationship with the related parties :
1. City desk Finance (P) Ltd.
2. Cross Finance (P) Limited.
3. Mehra Traders.
4. Kapil Mehra.
5. Siddharth Mehra.
6. Anil kr Sana
7. Atlantic Projects Limited
8. Pacific Cotspin Limited
9. Bala Techno Industries Limited
Note : Related Party relationship is as identified by the Company and
relied upon by the auditor.
Note : Figures in brackets are for the previous year.
(8) Previous Years figures have been re-grouped and rearranged
wherever considered necessary.
Mar 31, 2011
(1) There are no Contingent liabilities as on 31.3.2011 (Prev. Year
Nil).
(2) Disclosure of earning per share as per Accounting Standard-20.
Earning per shareÂThe Numerators and Denominators used to calculate
Basic/Diluted earning per share.
(3) The amount of Allotment money in Arrears, Share Issue Refundable
are subject to reconciliation.
(4) Long Term Investments are stated at cost. Any diminution in the
value of long term investments has not been accounted for in the books
as in the opinion of the Board of Directors, it is due to short term
market fluctuation.
(5). Based on the information available with the Company, there were no
dues payable to Small Scale Industrial Undertakings, which are
outstanding for more than thirty days.
(6).The balances of Sundry Debtors, Sundry Creditors, Loans & Advances
are subject to confirmation from respective parties.
(7).Since the Company is engaged in trading of Textile Products, this
is the only reportable segment. The Company''s operating facilities are
located in India.
Since sales out of India made without any significant difference in the
value of supplies made to individual country, these have been
aggregated "Export". There was no segment in the previous year. The
Company has chosen the following geographical segments as primary
segments :
1. Export
2. Domestic
(8). Related party disclosures as per Accounting Standard 18 are
given below :- I) Name and description of relationship with the related
parties :
1. City desk Finance (P) Ltd.
2. Cross Finance (P) Limited.
3. Mehra Traders.
4. Kapil Mehra.
5. Siddharth Mehra.
6. Dulichand Karel
7. Anil kr Saha
8. Atlantic Projects Limited
Note : Related Party relationship is as identified by the Company and
relied upon by the auditor.
Note : Figures in brackets are for the previous year.
(9) Previous Years figures have been re-grouped and rearranged
wherever considered necessary.
As per our attached report of even date