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Notes to Accounts of Deco-Mica Ltd.

Mar 31, 2015

1. Contingent liabilities not provided for:

Demand of Value Added Tax of Rs. Nil (Rs. 6,409/-)

Demand of Central Sales Tax of Rs. Nil (Rs. 6, 07,372/-)

2. Related Party Disclosures :

List of Related Parties with whom transactions have taken place during the year:

A) Key Management Personnel

Shri Vijaykumar D. Agarwal

B) Relatives of Key Management Personnel's

Name of Party Related Party Relationship

Smt. Santoshdevi V. Agarwal Wife of Key Management Personnel

Mrs. Ruchira V. Agarwal Daughter in law of Key Management Personnel

Vanita V Agarwal Daughter of Key Management Personnel

Mr. Vijay Kumar D. Agarwal Key Management personnel is Karta (HUF)

Mr. Vishal V Agarwal Son of Key Management Personnel

Minor Aarya V. Agarwal Grandson of Key Management Personnel

Minor Khwaish V. Agarwal Granddaughter of Key Management Personnel

Tanish Industries Pvt Ltd Relatives of Key Management Personnel are Directors

V.K.A. Finance & Investment Co. Key Management personnel is Partner

Multi Shaper Pvt. Ltd. Relatives of Key Managerial Personnel are Directors

Salasar Laminates Ltd. Key Management Personnel is Director

Heritage Board Ltd. Directors are Director in the Company

Heritage Industries Pvt. Ltd Directors are Director in the Company

Par Export Key Management Personnel is partner

V K Foundation Directors are trustee

Krishna Decor Pvt. Ltd. Directors and their relatives are holding more than 20% shares in the company

Hidesign Innovation Director's HUF is Proprietor.

3. The difference between excise duty on opening and closing stock of finished goods is recognized separately in the Statement of Profit & Loss.

4. Borrowing costs attributable to the acquisition or construction of Qualifying Assets amounting to Rs. Nil (P. Y. Rs. Nil)

5. During the year, the company has impaired the assets to the tune of Rs. Nil (P.Y. Rs. Nil).

6. The Company has not received information from vendors regarding their status under the Micro, Small & Medium Enterprise Development Act, 2006 and hence disclosure relating to amount unpaid as at year end together with interest paid/payable under this act has been not given.

7. Balances are subject to confirmation.

8. Previous year's figures have been regrouped and rearranged wherever necessary, to make them comparable with those of current year.

Notes: Previous year's figures have been shown in brackets.


Mar 31, 2014

1. Share Capital

1.1 The company has only one. class of shares referred to as Equity shares having face value of Rs. 10/-. Each Holder of equity share is entitled to 1 vote per share.

1.2 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 shareholder.

2. Reserves & Surplus

2.1 Particulars Nature and purpose of

General Reserve The reserve is created out of profit in accordance with Companies (Transfer of Profit to Reserve) Rule, 1975 and is distributable in accordance with Companies (Distribution of dividend out of Reserve) Rules 1975.

3. Trade Payables

3.1 The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at year end together with interest paid/payable under this Act has not been given.

NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014

4. Contingent liabilities not provided for:

Demand of Value Added Tax of Rs. 6,409 - (R Y. Nil)

Demand of Central Sales Tax of Rs. 6, 07,372 - (R Y. Nil)

5. Related Party Disclosures:

List of Related Parties with whom transactions have taken place during the year:

A) Key Management Personnel

Shri Vijaykumar D. Agarwal

B) Relatives of Key Management Personnel''s

Name of Party Related Party Relationship

Smt. Santoshdevi V. Agarwal Wife of Key Management Personnel

Mrs. Ruchira V. Agarwal Daughter in law of Key Management Personnel

Vanita V Agarwal Daughter of Key Management Personnel

Mr. Vijay Kumar D. Agarwal (HUF) Key Management personnel is Karta

Mr. Vikas V Agarwal Son of Key Management Personnel

Mr. Vishal V Agarwal Son of Key Management Personnel

Mrs. Shraddha V. Agarwal Daughter in law of Key Management Personnel

Minor Aarya V. Agarwal Grandson of Key Management Personnel

Minor Khwaish V. Agarwal Granddaughter of Key Management Personnel

Minor Aditi V. Agarwal Granddaughter of Key Management Personnel

V.K.A. Finance & Investment Co. Key Management personnel is Partner

Multi Shaper Pvt. Ltd. Relatives are Directors

Salasar Laminates Ltd. Key Management Personnel is Director

Heritage Board Ltd. Directors are Director in the Company

Heritage industries Pvt. Ltd Directors are Director in the Company

Par Export Key Management Personnel is partner

V K Foundation Directors are trustee

Krishna Decor Pvt. Ltd. Directors and their relatives are holding more than 20% shares in the company

Hidesign Innovation Director''s HUF is Proprietor.

6. The difference between excise duty on opening and closing stock of finished goods is recognized separately in the Statement of Profit & Loss.

7. Borrowing costs attributable to the acquisition or construction of Qualifying Assets amounting to Rs. Nil (P. Y. Rs. Nil)

8. During the year, the company has impaired the assets to the tune of Rs. Nil (P.Y. Rs. Nil).

9. Lease:

The Company has entered into certain rent agreements and amounts of Rs. 7.80 Lacs (P.Y. Rs. 5.60 Lacs) paid under such agreements have been charged to the Statement of profit and Loss. These rents agreements are generally not non-cancellable and are renewable by mutual consent on mutually agreed terms. There are no restrictions imposed by such agreements.

10. The Company has not received information from vendors regarding their status under the Micro, Small & Medium Enterprise Development Act, 2006 and hence disclosure relating to amount unpaid as at year end together with interest paid/payable under this act has been not given.

11. Balances are subject to confirmation.

12. Previous year''s figures have been regrouped and rearranged wherever necessary, to make them comparable with those of current year.


Mar 31, 2013

1. Contingent liabilities not provided for:

Disputed Demand of Income Tax Rs. Nil (P. Y. Nil).

2. Related Party Disclosures :

List of Related Parties with whom transactions have taken place during the year: A) Key Management Personnel Shri Vijaykumar D. Agarwal

3. The difference between excise duty on opening and closing stock of finished goods is recognized separately in the Statement of Profit & Loss.

4. Borrowing costs attributable to the acquisition or construction of Qualifying Assets amounting to Rs. Nil (P. Y. Rs. Nil)

5. During the year, the company has impaired the assets to the tune of Rs. Nil (P.Y. Rs. Nil).

6. The Company has not received information from vendors regarding their status under the Micro, Small & Medium Enterprise Development Act, 2006 and hence disclosure relating to amount unpaid as at year end together with interest paid/payable under this act has been not given.

7. Balances are subject to confirmation.

8. Previous year''s figures have been regrouped and rearranged wherever necessary, to make them comparable with those of current year.


Mar 31, 2012

1.1 The company has only one class of shares referred to as Equity shares having face value of Rs. 10/-. Each Holder of equity share is entitled to 1 vote per share.

1.2 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 amourits. However, no such preferential amounts exist currently.

The distribution will be in proportion to the number of equity shares held by the shareholder.

2.1 The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at year end together with Interest paid / payable under this Act has not been given.

3. Contingent liabilities not provided for:

Disputed Demand of Income Tax Rs. Nil (P. Y. Rs. 0.15 Lacs).

4. Related Party Disclosures :

List of Related Parties with whom transactions have taken place during the year:

A) Key Management Personnel

Shri Vijav kumar D. Agarwal

5. Balances are subject to confirmation.

6. Previous year's figures have been regrouped and rearranged wherever necessary, to make them comparable with those of current year. Till the year ended 31" March 2011, the company was using pre-revised Schedule VI to the Companies Act, 1956, for preparation and presentation of its financial statements. During the year ended 31st March, 2012, the revised schedule VI notified under the Companies Act, 1956, has become applicable to the company. The Company has reclassified previous year figures to conform to this classification. The adoption of revised schedule VI does not impact recognition and measurement principles followed for preparation of financial statement. However, it significantly impacts presentation and disclosures made In the financial statements, particularly presentation of Balance Sheet.


Mar 31, 2011

I. Balances are subject to confirmation

ii. Paisa is rounded up to the nearest rupee.

iii. In the Opinion of the Board, Current Assets, loans and advances are approximately of the value stated if relaxed in the ordinary course of business

iv. Figures of the previous year have been regrouped and /or rearranged wherever found necessary to make them comparable with those of the current year. v.

v.Contingent liabilities not provided for:- Disputed Demand of Income Tax Rs.0.15 Lacs (Previous year Rs. Nil)

vi Related Party Disclosures :

List of Related Parties with whom transactions have taken place during the year: Last of Transactions, out of the transaction reported in the above table, where the transaction entered into with single party exceeds 10 % of the total related party transactions of similar nature are as under:

vii. The Company is Small and Medium Sized Company (SMC) as defined in the General Instructions i respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and medium Sized Company.

viii. The company has not received information from vendors regarding their status under the Micro, Sam and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid a at year end together with interest paid / payable under this Act has not been given.

ix. The figures of the previous year have been regrouped and rearranged wherever considered incessant


Mar 31, 2010

1. Balances are subject to confirmation.

2. Paise are rounded up to the nearest rupee.

3. In the Opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business.

4. Figures of the previous year have been regrouped and/or rearranged wherever found necessary to make them comparable with those of the current year.

A) Key Management Personnel Shri vljaykumar D. Agarwal

1. The Company is Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and medium Sized Company.

2. The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at year end together with interest paid / payable under this Act has not been given.

Notes : Previous years figures have been shown in brackets.

 
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