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Notes to Accounts of Captain Pipes Ltd.

Mar 31, 2015

The company has issued equity shares of same assets of which is having same rights, preferential and restore-close is ailanthic to cad as of shares including restrictions on the distribution of dividends and the repayment of capital.

- Tata Capital Financial loan A/c No,;-3436953&.3497984 secured against Machinery , rate of interest 14,75%, this loan is covered with personal guarantee of directors - (i) Shri Gopaibbai Khichadia (ii) Shri Rarnethbhai Khichadia and (iii) Shri Kamilal M. Gedia, repayable in monthly installment of Rs:. 1,52,200 plus interest and Rs. 30.200 plus interest respectively and date of last installment will be 06. December 2017,

- BOB Term Loan secured against Factory Land, Building & Plant & Machinery. Rate Of Interest 14.50%, this loan is covered with personal guarantee of directors - (i) Shri Gopalbhai Khichadia (ii) Shri Rameshbhai Khichadia and (hi) Shri Kantilal M. Gedia, repayable in Monthly installments of Rs.475O00/- P.m. plus interest and date of last installment will be 30, April - 201G,

- L & T Finance Ltd Secured Against Vehicle Taw Super Ace, repayable in LM1 of Rs. 11.880/- and date of last installment will be 05, July - 2014.The loan was repaid during the F.Y. 2014-15

- Tata Capital Financial Service loan A/c No: 3S60305 ,secured against New Plant & machinery and guarantee by all Directors, Rate of Interest:- 13.85%, this loan is covered with personal guarantee of directors, Shri Gopalbhai Kichadia, Shri Rameshbhai Khichadia and Shri Kantilal M. Gedia repayable in monthly installment of Rs, 4,54.100 plus interest and date of last installment will be 15, January - 2019,

- Unsecured Loans are considered as nor current liability based on management explanation that the same are not repayable immediately

- Details of Raw - Materials mainly includes :- PVC resin Red Material .Calcium Chronis . HDPH GRANT. 'LS , Impact Modifier

- Finished Goods : Assembly Department. Column Pipe, Plumbing Pipe, U PVC pipe. Casing pipe

(Note : For the information of RM and FG Amt, - ruler to 4,1 -Chanson in victories of finished goods Work-in-progress and

- Raw materials arc valued at lower of cost and net variable value

- Cost is determined, on first-out method.

- Inventories of manufactured finished goods are valued at Market value.

- The figure shown under the Adjustment head is the figure of Rate Dale, and Discount on purchase of Raw Material.

 
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