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Notes to Accounts of Chordia Food Products Ltd.

Mar 31, 2015

NOTE 1.

SEGMENT INFORMATION

i. Information about Primary Geographical Segments:

Not Applicable since the Company operates in single Geographical Segment i.e. Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

ii. Information about Secondary Business Segments:

Not Applicable since no Secondary Segment is identified as the Company operates in a Single Business Segment of Manufacturing of Food Products.

NOTE 2. RELATED PARTY DISCLOSURES [as required by Accounting Standards (AS 18)]

As required by Accounting Standards-AS "Related Party Disclosure" is made as under

NOTE 3

The Computation of Net profit for the purpose of calculation of Directors' Remuneration under Section 198 of the Companies Act, 2013 is not enumerated, since no commission had been paid to the Managerial personnel.

NOTE 4

The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date. together with interest paid/ payable under this Act, have not been give. The same has been relied upon by the Auditors.


Mar 31, 2014

NOTE 1 THE DISCLOSURE REQUIED BY ACCOUNTING STANDARD (AS-29) PROVISIONS, CONTINGENT LIABILITIES, CONTIGENT ASSETS PRESCRIBED BY THE COMPANIES (ACCOUNTING STANDARDS) AMENDMENT RULES, 2006 ARE AS FOLLOWS:

Class of Opening Provisions Amounts used Amounts Closing provision Balance as on for the during the year reversed Balance 1st April 2013 year during as on 31st the year March 2014

Nil Nil Nil Nil Nil Nil

NOTE 2 SEGMENT INFORMATION

i. Information about Primary Geographical Segments:

Not Applicable since the company operates in single Geographical Segment i.e. Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

ii. Information about Secondary Business Segments:

Not Applicable since no Secondary Segment is identified as the Company operates in a Single Business Segment of Manufacturing of Food Products.

NOTE 3 RELATED PARTY DISCLOSURES [AS REQUIRED BY ACCOUNTING STANDARDS (AS 18)]

As required by Accounting Standards-AS "Related Party Disclosure" is made as under.

A. Names of Related Parties and Description of Relationship with whom there were no transaction during the year. Director -

i) Mr. Hukmichand Sukhlal Chordia ii) Dr. Pravin H. Chordia iii) Mr. Mahendra Mehta iv) Mr. Vijaykumar Kankaliya v) Mr. Ajay Pohekar Companies - i) Chordia Technologies Pvt. Ltd.

B Names of Related Parties and Description of Relationship with whom there were transaction during the year. Directors - i) Mr. Pradeep Hukmichand Chordia Firms :

i) Kamal Industries Companies - i) Chordia Food Park & Properties Ltd. ii) Pravin Sales Division

NOTE 4

The Computation of Net profit for the purpose of calculation of Directors'' Remuneration under Secton 349 of the Companies Act, 1956 is not enumerated, since no commission had been paid to the Managerial personnel.

NOTE 5

The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date. Together with interest paid/ payable under this Act, have not been give. The same has been relied upon by the Auditors.


Mar 31, 2013

NOTE 1 SEGMENT INFORMATION

i. Information about Primary Geographical Segments:

Not Applicable since the company operates in single Geographical Segment i.e. Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

ii. Information about Secondary Business Segments:

Not Applicable since no Secondary Segment is identified as the Company operates in a Single Business Segment of Manufacturing of Food Products.

NOTE 2 RELATED PARTY DISCLOSURES [AS REQUIRED BY ACCOUNTING STANDARDS (AS 18)]

As required by Accounting Standards-AS "Related Party Disclosure" is made as under.

A. Names of Related Parties and Description of Relationship with whom there were no transaction during the year. Director –

i) Mr. Hukmichand Sukhlal Chordia ii) Dr. Pravin H. Chordia iii) Mr. Hiralal N. Lunkad iv) Mr. Mahendra Mehta Companies – i) Chordia Technologies Pvt. Ltd. B Names of Related Parties and Description of Relationship with whom there were transaction during the year. Directors – i) Mr. Pradeep Hukmichand Chordia Firms : i) Kamal Industries Companies – i) Chordia Food Park & Properties Ltd. ii) Pravin Sales Division

NOTE 3

The Computation of Net profit for the purpose of calculation of Directors'' Remuneration under Section 349 of the Companies Act, 1956 is not enumerated, since no commission had been paid to the Managerial personnel.

NOTE 4

The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date. Together with interest paid/ payable under this Act, have not been given. The same has been relied upon by the Auditors.


Mar 31, 2012

1. BASIS OF PREPARATION FINANCIAL STATEMENTS

a. The financial statements have been prepared to comply in all material respects with the mandatory Accounting Standards notified under Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956.

b. The Company follows mercantile system of accounting and recognises Income and Expenditure on an accrual basis except those with significant uncertainties.

c. The accounting policies applied by the Company are consistent with those used in the previous year.

d. For preparation and presentation of the financial statements, erstwhile Schedule VI to the Companies Act, 1956 was used up to the year ended 31st March, 2011.

For the year ended 31st March 2012, the revised Schedule VI notified under the Companies Act 1956 has become applicable to the Company. Previous years figures have been regrouped to conform to the current year re-classification.

2. The Company has only one class of shares referred to as Equity Shares having a par value of Rs. 10/- each. Each holder of Equity Shares is entitled to one vote per share.

3. In case any Dividend is declared and paid it is done in Indian Rupees. The Dividend proposed if any by the Board of Directors is subject to the approval of Shareholders in the ensuing Annual General Meeting

4. The Company has not declared or paid any dividend during the year or in respect of the year ended on 31s1 March 2012.

5. 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 exist currently. The distribution will be in proportion to the number of Equity Shares held by the shareholders.

6. The Company is Holding Company of Western Agri Food Park Pvt. Ltd.. However, its is not a Subsidiary Company of any other Company.

NOTE 7 SEGMENT INFORMATION

i. Information about Primary Geographical Segments:

Not Applicable since the company operates in single Geographical Segment i.e.Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

ii. Information about Secondary Business Segments:

Not Applicable since no Secondary Segment is identifed as the Company operates in a Single Business Segment of Manufacturing of Food Products.

NOTE 8 RELATED PARTY DISCLOSURES [as required by Accounting Standards (AS 18)]

As required by Accounting Standards-AS "Related Party Disclosure" is made as under.

A. Names of Related Paties and Description of Relationship with whom there were no transaction during the year. Director -

i) Dr. Pravin H. Chordia ii) Mr. Hiralal N. Lunkad iii) Mr. Mahendra Mehta Companies -

i) Chordia Technologies Pvt. Ltd.

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. Directors -

i) Mr. Hukmichand Sukhlal Chordia ii) Mr. Pradeep Hukmichand Chordia

Companies -

i) Agri Food Park (India) Ltd. ii) Western Agri Food Park Pvt. Ltd.

NOTE 9

The Computation of Net profit for the purpose of calculation of Directors' Remuneration under Secton 349 of the Companies Act, 1956 is not enumerated, since no commission had been paid to the Managerial personnel.

NOTE 10

The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date. Together with interest paid/ payable under this Act, have not been give. The same has been relied upon by the Auditors.


Mar 31, 2010

1. Estimated amounts of contracts remaining to be executed on Capital account and not provided for Rs. Nil (Previous Year Rs. Nil.)

2. The Computation of Net Profit for the purpose of calculation of Directors remuneration under Section 349 of the Companies Act,1956 is not enumerated, since no commission had been paid to the Managerial personnel.

3. The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date, together with interest paid/ payable under this Act, have not been given. The same has been relied upon by the Auditors.

4. As required by Accounting Standards - AS-18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transaction during the year. Directors

i) Dr. Pravin H. Chordia

ii) Mr. Hiralal N. Lunkad

iii) Mr. Mahendra Mehta

Companies

i) Chordia Technologies Pvt Ltd.

B. Names of Related Parties and Description of Relationship with whom there were transactions during the year.

Directors

i) Mr. Hukmichand Sukhlal Chordia ii) Mr. Pradeep Hukmichand Chordia Companies

i) Agri Food Park (India) Ltd ii) Western Agri Food Park Private Ltd.

5 Segment Information

5.1 Information about Primary Geographical Segments

Not Applicable since the company operates in single Geographical Segment i.e.Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

5.2 Information about Secondary BusinessSegments:

Not Applicable since no Secondary Segment is identifed as the company operates in a single Business Segment of Manufacturing of Food Products. 12. The Previous year figures have been regrouped and /or reclassified wherever necessary.


Mar 31, 2009

1. Estimated amounts of contracts remaining to be executed on Capital account and not provided for Rs. Nil (Previous Year Rs. Nil.)

2. Additional information pursuant to the provisions of paragraph 3, 4C & 4D of Part II of Schedule VI of the Companies Act, 1956

3. The Computation of Net Profit for the purpose of calculation of Directors remuneration under Section 349 of the Companies Act, 1956 is not enumerated, since no commission had been paid to the Managerial personnel.

4. The Company has not received information from Vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclos res relating to amounts unpaid as at the year end date, together with interest paid/ payable under this Act, have not bjen given. The same has been relied upon by the Auditors. 9. as required by Accounting Standards - AS-18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transaction during the year.

Directors

i) Dr. Pravin H. Chordia ii) Mr. Hiralal N. Lunkad iii) Mr. Mahendra Mehta

Companies

i) Chordia Technologies Pvt Ltd.

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year.

Directors

i) Mr. Hukmichand Sukhlal Chordia ii) Mr. Pradeep Hukmichand Chordia Companies

i) Agri Food Park (India) Ltd ii) Western Agri Food Park Private Ltd.

5. Segment Information

5.1 Information about Primary Geographical Segments

Not Applicable, since the Company operates in single Geographical Segment i.e. Domestic. The Company does not have any major Exports, which are less than 1% of its total Sales.

5.2 Information about Secondary Business Segments:

Not Applicable since no Secondary segment is identified as the Company operates in a single Business Segment of Manufacturing of Food Produ :ts.

6. The previous year figures have been regrouped and /or reclassified wherever necessary.