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Notes to Accounts of BNR Udyog Ltd.

Mar 31, 2015

1. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18

A) List of related parties

I) Parties where control exist - Nil

II) Other parties with whom Company entered into transactions during the year - Nil

III) Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Mr. Kamal Narayan Rathi - Managing Director

Mr. Sandeep Rathi - Executive Director

Enterprises having common Personnel NIL

Relatives of Key Management Personnel

Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Narayan Rathi & W/o. Shri Sandeep Rathi

2. CONTINGENT LIABILITIES (Amount in Rs.)

Particulars 2014-2015 2013-2014

a) Counter Guarantee against Bank Rs.16,75,000 Rs.50,19,387 Gaurantee

3. There are no Micro, Small and Medium Enterprises to whom the Company owes dues, which are standing for more than 45 days as at 31 st March 2015. This information as required to be disclosed under 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.

4. Balances shown under Trade Receivable are subject to confirmation/reconciliation

5. Pursuant to enactment of Companies Act,2013, the company has applied the estimate useful life as specified in Schedule II Accordingly the unamortised carrying value is being depreciated / ammortised over the revised / remaining useful life. The written down value of Fixed Asset whose lives has expired as at 01.04.2014 has been adjusted,in opening balance of Profit & Loss Account amounting to Rs.27.21 Lakhs.

6. Figures of the previous years have been re-grouped - re- arranged, wherever considered necessary and rounded off to nearest rupee.

7. DEFINED BENEFIT PLAN

The Employee''s Gratutity Fund Scheme managed by LIC Group Gratutity is a defined benefit plan. The present value of obligation is determined based on acturial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The Company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence


Mar 31, 2014

1. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18 A) List of related parties

2. Parties where control exist - Nil

3 Other parties with whom Company entered into transactions during the year - Nil

4 Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Shri Kamal Narayan Rathi - Managing Director Shri Sandeep Rathi - Executive Director

Relatives of Key Management Personnel

Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Narayan Rathi & W/o. Shri Sandeep Rathi

5. There are no Micro, Small and Medium Enterprises to whom the Company owes dues, which are standing for more than 45 days as at 31 st March 2014. This information as required to be disclosed under 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.

6. Balances shown under Trade Receivable are subject to confirmation/reconciliation

7. Figures of the previous years have been re-grouped - re- arranged, wherever considered necessary and rounded off to nearest rupee.

8. EMPLOYEE BENEFITS

Employee Benefits have been provided as per provisions of Revised Accounting Standard 15AS(15) issued by the Institute of Chartered Accountants of India with effect from 01.04.2007

9. DEFINED BENEFIT PLAN

The Employee's Gratutity Fund Scheme managed by LIC Group Gratutity is a defined benefit plan. The present value of obligation is determined based on acturial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The Company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence.


Mar 31, 2013

I. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18 A) List of related parties

I) Parties where control exist - nil

II) Other parties with whom company entered into transactions during the year - nil

III) Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Shri B.N.Rathi - Chairman (upto 10-1-2013)

Shri Kamal Rathi - Managing Director Shri Sandeep Rathi - Executive Director

Enterprises having common Key Management Personnel

B.N.Rathi Securities Ltd.. BNR Capital Services Private Ltd. and BN Rathi Comtrade Pvt. Ltd, Relatives of Key Management Personnel

Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi & W/o. Shri Sandeep Rathi

vi. There are no Micro Small and Medium Enterprises to whom the company owes dues, which are standing for more than 45 days as at 31st March 2013. This information as required to be disclosed under 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.

v. Balances shown under Trade receivable are subject to Confirmation/ reconciliation

vi. Figures of the Previous Years have been re-grouped - re- arranged, wherever considered necessary and rounded off to nearest rupee.

The Company contributes applicable rates of salary of all eligible employees towards Provident Fund and Employees State Insurance managed by the Central Government.

DEFINED BENEFIT PLAN

The employee''s gratutity fund scheme managed by LIC Group Gratutity is a defined benefit plan. The present value of obligation is determined based on acturial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence.


Mar 31, 2012

Note: Out of the said amount NIL amount pertains to Micro, Small and Medium Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006. The information has been given in respect of such vendors to the extent they could be identified as Micro and Small enterprises on the basis of information available with the company on records.

i. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18 A) List of related parties

I) Parties where control exist - nil

II) Other parties with whom company entered into transactions during the year - nil

III) Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Shri B.N.Rathi - Chairman Shri Kamal Rathi - Managing Director

Enterprises having common Key Management Personnel

B.N.Rathi Securities Limited BNR Capital Services Private Limited

Relatives of Key Management Personnel

Shri Sandeep Rathi - Son of Shri Kamal Rathi

Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi

ii. CONTINGENT LIABILITIES (Amount in Rs.) Particulars 2011-2012 2010-2011

a) Counter Guarantee against Bank Guarantee Rs. 1,75,000 Rs. 1,75,000

iii. There are no Micro Small and Medium Enterprises to whom the company owes dues, which are standing for more than 45 days as at 31st March 2012. This information as required to be disclosed under 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.

iv. Balances shown under Sundry Debtors are subject to Confirmation/ reconciliation

v. Figures of the Previous Years have been re-grouped - re- arranged, wherever considered necessary and rounded off to nearest rupee.

vi. EMPLOYEE BENEFITS

Employee Benefits have been provided as per provisions of Revised Accounting Standard 15AS(15) issued by the Institute of Chartered Accountants of India with effect from 01.04.2007

The Company contributes applicable rates of salary of all eligible employees towards Provident Fund and Employees State Insurance managed by the Central Government.

DEFINED BENEFIT PLAN

The employee's gratuity fund scheme managed by LIC Group Gratuity is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence.


Mar 31, 2011

DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18 A) List of related parties

I) Parties where control exist - nil

II) Other parties with whom company entered into transactions during the year - nil

III) Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Shri B.N. Rathi - Chairman

Shri Kamal Rathi - Managing Director

Enterprises having common Key Management Personnel

B.N. Rathi Securities Limited

BNR Capital Services Private Limited

Relatives of Key Management Personnel

Shri Sandeep Rathi - Son of Shri Kamal Rathi

Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi

2. CONTINGENT LIABILITIES (Amount in Rs.)

Particulars 2010-2011 2009-2010

a) Counter Guarantee against Bank Gaurantee Rs. 1,75,000 Rs. 1,75,000

3. EMPLOYEE BENEFITS

The Company contributes applicable rates of salary of all eligible employees towards Provident Fund and Employees State Insurance managed by the Central Government.

DEFINED BENEFIT PLAN

The employee's gratutity fund scheme managed by LIC Group Gratutity is a defined benefit plan. The present value of obligation is determined based on acturial valuation using the Project Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence.

4. There are no Micro Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st march 2011. This information as required to be disclosed under 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.

5. Balances shown under Sundry Debtors are subject to Confirmation / reconciliation.

6. Figures of the Previous Years have been re-grouped re- arranged, wherever considered necessary and rounded off to nearest rupee.


Mar 31, 2010

DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD 18 A) List of related parties

I) Parties where control exist - nil

II) Other parties with whom company entered into transactions during the year - nil

III) Key Management personnel and enterprises having common key management personnel or their relatives.

Key Management Personnel:

Shri B.N.Rathi - Chairman Shri Kamal Rathi - Managing Director

Enterprises having common Key Management Personnel

B.N.Rathi Securities Limited BNR Capital Services Private Limited

Relatives of Key Management Personnel

Shri Sandeep Rathi - Son of Shri.K.N.Rathi

Smt. Mayura Rathi - Dauqhter-in-law of Shri.K.N.Rathi

2. CONTINGENT LIABILITIES (Amount in Rs.)

Particulars 2009-2010 2008-2009

a) Counter Guarantee against Bank Gaurantee Rs. 1,75,000 Rs. 8,87,800

b) Claims of Income-Tax for the Asst. Years 2004-2005, Nil Rs. 50,162 and 2005-2006 for which petitions are pending with

IT Authorities (Company is hopeful of getting full relief, hence provision is not made.)

DEFINED BENEFIT PLAN

The employees gratutity fund scheme managed by LIC Group Gratutity is a defined benefit plan. The present value of obligation is determined based on acturial valuation using the Project Unit Credit Method, which recognizes each period of service as giving to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The company is having fair value of plan assets which is more than the present value of obligations. The same is not taken into account considering the prudence.

3. The company received a sum of Rs. 1,25,369/- as fourth and final instalment towards Capital Investments Subsidy for Medical Transcription from the Government of Andhra Pradesh Information Technology Department out of sanctioned Amount of Rs. 12,53,592/- and the same is reduced from the relevant assets of the Company.

4. There are no Micro Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31 st march 2010. This information as required to be disclosed under 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.

5. Balances shown under Sundry Debtors are subject to Confirmation / reconciliation.

6. Figures of the Previous Years have been re-grouped re- arranged, wherever considered necessary and rounded off to nearest rupee.

 
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