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Notes to Accounts of Cantabil Retail India Ltd.

Mar 31, 2015

1. Corporate information : CIN L74899DL1989PLC034995

The Company was incorporated on 9th Feb,1989 and is mainly engaged in the business of designing, manufacturing, branding and retailing of apparel and apparel accessories through chain of retail store under the brand name "CANTABIL" & "Bonetti".The Company is also into the business of real estate trade.

2: Corporate Social Responsibility

Provision of corporate social responsibility as per Section 135 of Companies Act, 2013 read with schedule VII is not applicable to the company.

3. Employee benefit plans

4. (a) Defined benefit plans

The Company offers the following employee benefit schemes to its employees: Gratuity

Other defined benefit plans (Leave Encashment)

5. (a) Related Parties with whom transactions have taken place during the year :

Names of related parties Description of relationship

Mr. Vijay Bansal Key Managerial Personnel

Mr. Deepak Bansal Key Managerial Personnel

Mr. Anil Bansal Key Managerial Personnel

Mrs. Megha Bansal Key Managerial Personnel's relative

Poonam Bansal Key Managerial Personnel's relative

Rekha Bansal Key Managerial Personnel's relative

Sunil Bansal Key Managerial Personnel's relative

Anil Bansal (HUF) Enterprise in which Key Managerial Personnel has significant influence

Balaji International Clothing Enterprise in which Key Managerial Personnel has significant influence

Vardhman Enterprises Enterprise in which Key Managerial Personnel's relative has significant influence

Drishti Enterprises Enterprise in which Key Managerial Personnel's relative has significant influence

Balaji Apparel Enterprise in which Key Managerial Personnel's relative has significant influence

Akshi Marketing Private Limited Company in which Key Managerial Personnel's relative has significant influence

6. Segment Reporting

Company's revenue from Real Estate segment is less than minimum level required to be reported , therefore segment results are not given as per Accounting Standard (AS) 17 "Segment Reporting" prescribed by Companies (Accounting Standard) Rules, 2006.

Additional information to the financial statements

Note Particulars As at 31st As at 31st March, 2015 March, 2014 Rs. (In Lacs) Rs. (In Lacs)

30 Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities

(a) Claims against the Company not Nil Nil acknowledged as debt

(b) Guarantees - Corporate Guarantee Nil Nil for Subsidiary Company

(c) Other money for which the Company is contingently liable for :-

Labour Disputes 3.55 11.97

TDS demands in Dispute Nil 420.88

CENTRAL Excise Act, 1944 86.35 86.35

For Others Nil 14


Mar 31, 2014

1. Corporate information : CIN :- L74899DL1989PLC034995

The Company was incorporated on 09th Feb,1989 and is mainly engaged in the business of designing, manufacturing, branding and retailing of apparel and apparel accessories through chain of retail store under the brand name "CANTABIL". The Company has also undertaken the buisness of real estate trade.

Note 2: Disclosures under Accounting Standards 25.1 Employee benefit plans

2.1 (a) Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

Gratuity

Other Defined benefit plans (Leave Encashment)

Note 3: Disclosures under Accounting Standards

(a) Related Parties with whom transactions have taken place during the year :

Names of related parties Description of relationship

Mr. Vijay Bansal Key Management Personnel

Mr. Deepak Bansal Key Management Personnel

Mr. Anil Bansal Key Management Personnel

Mrs. Megha Bansal Key Management Personnel''s relative

Poonam Bansal Key Management Personnel''s relative

Rekha Bansal Key Management Personnel''s relative

Sunil Bansal Key Management Personnel''s relative

Anil Bansal (HUF) Enterprise in which Key Management Personnel has significant infuence.

Balaji International Clothing Enterprise in which Key Management Personnel has significant infuence.

Vardhman Enterprises Enterprise in which Key Management Personnel''s relative has significant infuence.

Akshi Marketing Private Limited Company in which Key Management Personnel''s relative has significant infuence.

Note 4: Additional information to the financial statements

Note Particulars As at 31st As at 31st march, 2014 march, 2013 Rs. In Lacs Rs. In Lacs

4.1 Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities

(a) Claims against the Company not acknowledged as debt Nil Nil

(b) Guarantees - Corporate Guarantee for Subsidiary Company Nil Nil

(c) Other money for which the Company is contingently liable for :-

Labour Disputes 11.97 21.87

VAT demands in Dispute Nil 23.65

TDS demands in Dispute 420.88 420.88

CENVAT on Service Tax Credit Show Cause Nil 110.38

CENTRAL Excise Act 1944 86.35 Nil

For Others 14.00 8.46


Mar 31, 2013

Corporate information

The Company was incorporated on 09th Feb, 1989 and is mainly engaged in the business of designing, manufacturing, branding and retailing of apparel and apparel accessories underthe brand name of "CANTABIL''Mhe Company has also entered into the business of real estate trade.


Mar 31, 2012

1. Corporate information

The Company is engaged in the business of designing, manufacturing, branding and retailing of apparels under the brand name of "CANTABIL".

2.1 Employee benefit plans

2.1 a Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

i. Gratuity

ii. Other defined benefit plans (Leave Encashment)

The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements:

 
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