Home  »  Company  »  Betex India Ltd.  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Betex India Ltd.

Mar 31, 2015

1. SEGMENT REPORTING (AS-17)

The requirement of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

2. In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

3. Estimated amount of contracts remained to be executed not provided for NIL, Advance paid NIL

4. In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

5. The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

6. The Amount of Loans & Advances includes Rs. 446.85 Lacs (P.Y Rs.899.56 Lacs)due from Firm/Companies/individuals in which directors of the company are interested.

7. No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

8. No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

9. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

10. The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management's. The value of closing stock is also taken as certified by the management.

11. The figures are rounded off to nearest rupee wherever necessary.


Mar 31, 2014

1. Corporate Information

Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

2. i. The Company has Two class of shares referred to as equity shares having face value of Rs. 10/- each and Non- Convertible Redeemable Preferance Shares having face value of Rs. 10/- each. Each holder of equity share is entitled to one vote per share

ii. The holder of equity shares are entitled to dividends, if any proposed by the Board of Directors and approved by share holder at the Annual General Meeting.

iii. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts,. However. No such preferential amounts exists currently. The distribution will be in proportion to the numbers of equity shares held by the Share holders.

iv. Non-convertible Redeemable Pref. shares does not carry any voting rights

3. CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/2014 31/03/2013

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

4. SEGMENT REPORTING (AS-17)

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

5. In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

6. Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

7. In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

8. The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

9. The Amount of Loans & Advances encludes Rs. 899 56 Lacs (P Y Rs.316.17 Lacs) due from Firm/Companies/lndividuals in which directors of the company are interested

10. No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

11. No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

12. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

13. The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management''s. The value of closing stock is also taken as certified by the management.

14. The figures are rounded off to nearest rupee wherever necessary.


Mar 31, 2013

- Corporate Information Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

1.1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/2013 31/03/2012

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

1.2 In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

1.3 Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

1.4 In the opinion of the Board of directors of the Company, the current assets, Loans, advan©e"and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, gnless otherwise stated.

1.5 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

1.6 The Amount of Loans & Advances encludes Rs. 316.17 Lacs (P.Y. Rs.317.67 Lacs)due from Firm/Companies/Individuals in which directors of the company are interested.

1.7 No Balance confirmation letters have been^sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

1.8 No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

1.9 We have .verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

1.10 The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upor, the quantitative statements of stock as provided by the management''s. The value of closing .stock is also taken as certified by the management.

1.11 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements.: This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

1.12 The figures are rounded off to nearest rupee wherever necessary.


Mar 31, 2012

Corporate Information

Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

1.1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS : As On As On

31/03/2012 31/03/2011

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

1.2 SEGMENT REPORTING (AS-17)

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographies

Segment and Product wise Segment.

1.3 In the absence of necessary information with the company relaing to the status of the supplier under Micro Small, and Medium Enterprises Act, 2006, the information could not be compiled.

1.4 Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

1.5 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits ar« approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

1.6 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

1.7 The Amount of Loans & Advances encludes Rs. 317.67 Lacs (P.Y. Rs.305.31 Lacs)due frorr Firm/Companies/lndividuals in which directors of the company are interested.

1.8 No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

1.9 No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

1.10 We have verified the vouchers and documentary evidences, wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

1.11 The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management's. The value of closing stock is also taken as certified by the management.

1.12 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

1.13 The figures are rounded off to nearest rupee wherever necessary.


Mar 31, 2011

1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/7011 31/03/2010

Corporate Guarantee (In favor of Gujarat Pollution Control Board) - 100,000

Central Excise & Customs Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,313,789



Note : The above Transaction include Inter unit Transactions

2 SEGMENT REPORTING (AS-17)

The requirement of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

3 In the absence of necessary information with the company relating to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

4 Additional information pursuant to the provisions of Para 3, 4c, and 4d of Part II of schedule VI to the Companies Act, 1956, is as under :-

The company was not required to obtain any license under Industrial Regulations Act and therefore, the details relating to licensed capacity are not applicable.

5 Estimated amount of Contracts remained to be executed on capital Accounts not Provided for is Rs. NIL ( P.Y. NIL)

6 DEFERRED TAX (AS-22):

Provision for deferred tax liability (net) amounting to Rs.1889190/- is based on accounting standard for deferred tax (AS-22) being "Timing differences" between books and taxable profit which will be adjusted/reversed in future when these expenditure would be accounted for on accrual basis or allowed for tax purposes. The major component of deferred tax assets and liability arising out timing difference as under.

7 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

8 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

9 The Amount of Loans & Advances includes Rs.305.31 Lacs (P.Y. Rs.140.18 Lacs)due from Firm/Companies/Individuals in which directors of the company are interested.

10 Previous year figures have been regrouped or rearranged wherever found necessary.

11 We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

12 Note figures are rounded off to nearest rupee wherever necessary.


Mar 31, 2009

1 Contingent Liabilities not provided for : Nil (P.Y. NIL)

2 Estimated amount of Contracts remained to be executed on capital Accounts not Provided for is Rs. NIL ( P.Y. NIL )

3 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

4 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

5 As informed by the company, there is no small scale industrial undertaking to whom the company owes Rs. 1.00 lacs outstanding for more than 30 days as at 31st March,2009.

6 Previous year figures have been regrouped or reacranged wherever found necessary.

7 Additional information pursuant to the provisions of para 3, 4c, and 4d of Part II of schedule VI to the Companies Act, 1956, is as under :-

The company was not required to obtain any licence under Industrial Regulations Act and therefore, the details relating to licenced capacity are not applicable.

8 We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available. We relied on the authentication given by the management.

9 Every amount in the Books of Accounts has been Rounded Of to the nearest Rupee.

 
Subscribe now to get personal finance updates in your inbox!