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Notes to Accounts of CCL International Ltd.

Mar 31, 2015

I. Presentation and disclosure of financial statements:

During the year ended 31 March 2015, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the companies, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year.

II. Figure of the previous year has been regrouped / rearranged / re casted wherever necessary to confirm the figures of the current year.


Mar 31, 2014

Presentation and disclosure of financial statements:

During the year ended 31 March 2014, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the companies, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year.

Long Term Borrowings

Note A(1): Loan from HDFC Bank of Rs. 34,409.99 (Previous Year Rs. 1,61,829.76/-), out of which Rs.34409.99/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 5,08,220/-. Rate of Interest being 12.51% (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(2): Car Loan from OBC Bank of Rs. 6,75,155.86/- (Previous Year Rs. 10,14,072/-) out of which Rs. 3,37,176.46/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 12,81,330/-. Rate of Interest being 11.00 % (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(3): Car Loan from OBC Bank of Rs. 12,37,844.42/- (Previous Year Rs. 19,25,581/-) out of which Rs. 6,63,607.75/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 22,56,000/-. Rate of Interest being 11.00 % (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(4): Loan from Axis Bank of Rs. 90,00,000/-( Previous Year Rs. Nil) out of which Rs. 22,97,509.00/- is Current is secured by way of Hypothecation of Motor Grader amounting to Rs. 90,00,000/-. Rate of Interest being 10.52 % (Fixed) P.A. Repayable 36 Monthly Installments, a

Note A(5): Loan from Tata Capital Finance of Rs. 3,19,65,809.11/- out of which Rs. 81,19,726.49/- is Current is secured by way of Hypothecation of Motor Grader amounting to Rs. 3,38,00,000/-. Rate of Interest being 11.77 % (Fixed) P.A. Repayable 47 Monthly Installments.

Note A (6): Loan from L & T Finance Limited is NIL/-( Previous Year Rs. 18,98,540/-) @ 11.80% p.a., is secured by way of Hypothecation of certain Plant & Machinery (Forklane) and Personal Guarantee by Directors. Repayble in EMI ending on March 5, 2014.

Note A (7): Loan from L & T Finance Limited of Rs. 66,21,309/- (Previous Year Rs. 1,43,38,630/-) @13.00% p.a., out of which Rs. 66,21,309/- is Current is secured by way of Hypothecation of certain Plant & Machinery(Writgen Recycler/Stabliser) and Personal Guarantee by Directors. Repayable in EMI ending on March 5, 2015. Note A(8): Loan from L & T Finance Limited is Nil (Previous Year Rs. 5,97,150/-) @ 13.59%, is secured by way of Hypothecation of certain Plant & Machinery (Tipper) and Personal Guarantee by Directors. Repayable in EMI ending on March 5, 2014.

Note A(9): Loan from L & T Finance Limited is Nil (Previous Year Rs.7,27,029/-) @ 11.05%, is secured by way of Hypothecation of certain Plant & Machinery (JCB Compector) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 01, 2014.

Note A(10): Loan from L & T Finance Limited is Nil (Previous Year Rs.7,30,464/-) @ 10.67%, is secured by way of Hypothecation of certain Plant & Machinery (JCB Compector) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 10, 2014.

Note A(11): Loan from L & T Finance Limited is Nil (Previous Year Rs. 16,14,314/-) @ 12.25%, is secured by way of Hypothecation of certain Plant & Machinery(JCB Machines) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 1, 2014.

Note A(12): Loan from ICICI of Rs. 15,07,248/- (Previous Year Rs. 29,79,448/-) @12.65%, (out of which Rs.15,07,248/- is Current) is secured by way of Hypothecation of certain Plant & Machinery(Tippers) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 15, 2015.

Short Term Borrowings

Note A:

Note A(1): Cash Credit of Rs. 5,66,48,953.14/-(Previous year Rs. 1,35,75,769/-) from Oriental Bank of Commerce is secured by way of Hypothecation of Stock of the company on first Charge basis & collateral security of certain lands of the company.

Note A(2): Bank Overdraft is Nil (Previous year Rs. 75,02,408.64) from IDBI Bank Ltd is secured by way of Fixed Deposits of Rs. 1,00,11,000/- NoteA(3): Bank Overdraft Limits of Rs. 40,13,265.71/-(Previous year Rs. Nil) from State Bank of India by way of Fixed deposits of Rs. 50,00,000/- Note: A(4) Letter of Credit of Rs. 1,83,15,482/- (Previous year Rs. Nil) issued by Oriental Bank of Commerce.

Note:A (5) Advance from PWD (Mehayala) is Nil (Previous year Rs. 1,12,50,000/-) against ongoing project is secured by way of Bank Guarantee.

Note B(1): Unsecured Loan is Nil (Previous year Rs. 20,00,000/-)from Yashoda Builders Private Limited.

Note B(2): Unsecured Loan is Nil (Previous year Rs.29,00,000/-)from Director and other associates companies.

Cash and Cash Equivalents

Note A (1): FDR (inculsive of accured interest) in favour of PWD (Meghalaya) of Rs.2,88,94,564.81/- (Previous Year Rs. 26,77,318.50/- is the security against work contract in Meghalaya.

Note A (2): FDR (inculsive of accured interest)of Rs. 1,28,293/- (Previous year Rs. 1,18,825/-) is Security for Sales Tax Registration.

Note A (3): FDR against Overdraft Limit is Nil (Previous year Rs. 1,00,64,010/-)is Security against Overdraft Limit issued from IDBI Bank.

Note A (4): FDR(inculsive of accured interest) of Rs. 53,89,352/- (Previous Year Rs. NIL) is the Security against Overdraft Limit issued by State Bank of India against Bank OD limits.

Note A (5): FDR (inculsive of accured interest) of Rs.39,07,243/- (Previous Year Rs. Nil) is the Security against Bank Gaurantee of Rs. 1,90,57,175/- issued by Oriental Bank of Commerce.

Note A (6): FDR (inculsive of accured interest) of Rs. 52,62,906/- (Previous Year Rs. Nil) is the Security against Letter of Credit of Rs. 2,58,15,482/- issued by Oriental Bank of Commerce.

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

Particulars 2013-14 2012-13 (I) Contingent Liabilities (a) Claims against the company not acknowledged as debt 0 0 (b) Guarantees 19057175 62678146 (c) Other money for which the company is contingently liable 0 0

Total 19057175 62678146


Mar 31, 2013

1. Schedules 1 to 16 are the integral parts of the accounts.

2. Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3. Basic and Diluted Earning Per Share is Re 0.18 (Previous Year - Re. 0.10).

4. The company has carry forwarded losses under the Income Tax Act, 1961 . In the absence of virtual certainty of future taxable Income , deferred tax assets/ liabilities are not recognized in the accounts.

5. Deferred Tax Liability /(Assets) :

As required by Accounting Standard on ''Accounting for Taxes on Income'' (AS-22) issued by ICAI, the major component of Deferred Tax Liability /(Assets) are given below :

As the Company has changed its line of business at the end of financial year there was no transaction will be complied.


Mar 31, 2011

1. Schedules 1 to 16 are the integral parts of the accounts.

2. Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3. Basic and Diluted Earning Per Share is Re 1.46 (Previous Year - Re. 1.71).

4. The company has carry forwarded losses under the Income Tax Act, 1961. In the absence of virtual certainty of future taxable income, deferred tax assets/ liabilities are not recognized in the accounts.

5. As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next financial year requirement will be complied.


Mar 31, 2010

1 Schedules 1 to 16 are the integral parts of the accounts.

2 Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3 Basic and Diluted Earning Per Share is Rs. 1.7 (Previous Year - Rs. 0.32).

4 The company has carry forwarded losses under the Income Tax Act, 1961 In the absence of virtual certainty of future taxable income , deferred tax assets/ liabilities are not recognized in the accounts.

5 As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next financial year requirement will be complied.


Mar 31, 2009

1 Schedules 1 to 16 are the integral parts of the accounts.

2 Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3 Details of Related Party Transactions Key Managerial Personnel

Mr. Girish R. Gupta Chairman cum Managing Director Remuneration Rs. 90,000/-

Enterprises (Domestic Companies) under significant influence of the Key Managerial Personnel and his relatives

Name of Enterprises Nature of Transactions Balance as on 31.03.2009

Tanvi Fincap Pvt. Ltd. Arrangement of Short Term Fund & Rs. NIL

Sale of Investment 6 Basic and Diluted Earning Per Share is Re 0.32 (Previous Year- Re. 1.01).

4 The company has cany forwarded losses under the Income Tax Act, 1961 In the absence of virtual certainty of future taxable income , deferred tax asstes/ liabilities are not recognized in the accounts.

5 As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next Financial year requirement will be complied.



 
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