Home  »  Company  »  Dhanlaxmi Fabric  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Dhanlaxmi Fabrics Ltd.

Mar 31, 2015

1. SEGMENT INFORMATION

The Company is currently organized into two business operating systems, Textile Processing and Power Generation The accounting principles used in preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. Revenue and direct expenses in relation to segments are categorized based on items that are individually identifiable or allocable on a reasonable basis to that segment. Certain corporate level revenue and expenses, besides financial cost and taxes are not allocated to operating segments and are included in "unallocable". Assets and liabilities represent employed in operational and liabilities owned to Third party that is individually identifiable or allocable on a reasonable basis to that segment. Asset and liabilities excluded from allocation to operating segments such as investments, corporate debt and taxes etc are included in "unallocable" segment assets employed in the company's various business segments located in india. Capital expenditure includes expenditure incurred during the year on acquisition of segment fixed assets.


Mar 31, 2014

1) Bank term loans are secured by way of first charge over the entire fixed assets of the company both present and future created out of the term loan. Personal guarantee of three directors and corporate guarantee of M/s.Western Chlorides and Chemicals Pvt Ltd subsidery of the company.

2) Unsecured loan received from M/s. Promtech Impex Pvt Ltd the associate company. Repayable on demand without any interest.

3) The deferred Tax balances have arisen principally on account of timing difference between the depriciation admissible under the Income tax Act 1961 and depreciation adjusted in account. Though adjusment has been made in term of accounting standard 22, having regard to the normal capital expenditure which the Company is expected to continue to make in future years, the timing difference not effectively reversed and to cash outgo likely to materialize on account there of.

4) Provision for IT for the Financial year 2010-11 Rs. 96.51 of the year 2011-12 Rs. 77.79, for the year 2012-13 Rs. 166.34 and for the year 2013-14 Rs. 78.53 has been made which will be written off after actual assessement of IT and difference will be appropriated by Debiting/ Crediting the P&L A/c in that year.

5) Secured by way of Hypothecation of stocks and book Debts and Personal guarantee of three Directors and Corporate Guarantee of M/s. Western Chlorides & Chemicals Pvt Ltd subsidiary of the company.

6) Disclosure under Section 22 of the Micro, Small and medium enterprises Development Act 2006 could not be furnished as none of the suppliers of the company have provided the details of their registration under the said Act.

7) Unclaimed Divident do not include any amount due and outstanding to be deposited into Investor Education and Protrction Fund.

8) Other loans advances includes primarily interest receivable on FD with Bank and advances given against purchase.

CONTINGENT LIABILITIES

As at 31st March 2014

Contingent Liabilities not provided for in respect of

1. Bank Guarantees 46.24

2. Property tax the year 2013-2014 4.74

3. Maharashtra State Electicity Distribution Co.Ltd 74.66

For Wheeling & Rewheeling Charges.

4. Shri Dhairyasheel Mane Textile Park, Ichalkaranji Bills 528.96 for Common Infrastructure & interest raised by park are under dispute as per M.O.U signed by the park. Legal case pending before Tribunal

1 RELATED PARTY DESCLOSERES

(a) List of Associated Companies:-

1. Dhanlaxmi Cotex Ltd

2. Sohanlal Export fabrics Pvt Ltd

3. Sohanlal Jhawar Family Trust

4. Dhanlaxmi Export Fabrics Pvt Ltd

5. Promtech Impex Pvt Ltd

6. MR share Broking Pvt Ltd

7. VRM Share Broking Pvt Ltd

Subsidiary Companies:-

1. Western Chlorides & Chemicals Pvt Ltd

2. fabrics Pvt Ltd

3. DFL Fabrics Pvt Ltd Management Personnel and Ralatives 1. Vinod S. Jhawar - Managing Director

9) SEGMENT INFORMATION

The Company is currently organized into two business operating systems, Textile Processing and Power Generation The accounting principles used in preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. Revenue and direct expenses in relation to segments are categorized based on items that are individually identifiable or allocable on a reasonable basis to that segment. Certain corporate level revenue and expenses, besides financial cost and taxes are not allocated to operating segments and are included in "unallocable". Assets and liabilities represent employed in operationa and liabilities owned to Third party that is individually identifiable or allocable on a reasonable basis to that segment. Asset and liabilities excluded from allocation to operating segments such as investments, corporate debt and taxes etc are included in "unallocable" segment assets employed in the company''s various business segments located in india. Capital expenditure includes expenditure incurred during the year on acquisition of segment fixed assets.

10) Additional information pursuant to provision of part IV of schedule VI to the Companies Act, 1956 is as per Annexure 1.

11) Statement under section 212 of the companies act, 1956 relating to subsidiery company is as per Annexure 2.


Mar 31, 2013

1 CONTINGENT LIABILITIES

As at 31st March 2013 Contingent Liabilities not provided for in respect of Rs. In Lacs

1. Bank Guarantees 20.08

2. Property tax the year 2012-2013 4.74

3. Maharashtra State Electicity Distribution Co.Ltd 74.66 For Wheeling & Rewheeling Charges.

4. Shri Dhairyasheel Mane Textile Park, Ichalkaranji Bills 528.96 for Common Infrastructure & interest raised by park are under dispute as per M.O.U signed by the park. Legal case pending before hon''ble judge co-op court No.2 Kolhapur

2 SEGMENT INFORMATION

The Company is currently organized into two business operating systems, Textile Processing and Power Generation The accounting principles used in preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. Revenue and direct expenses in relation to segments are categorized based on items that are individually identifiable or allocable on a reasonable basis to that segment. Certain corporate level revenue and expenses, besides financial cost and taxes are not allocated to operating segments and are included in "unallocable". Assets and liabilities represent employed in operationa and liabilities owned to Third party that is individually identifiable or allocable on a reasonable basis to that segment. Asset and liabilities excluded from allocation to operating segments such as investments, corporate debt and taxes etc are included in "unallocable" segment assets employed in the company''s various business segments located in india. Capital expenditure includes expenditure incurred during the year on acquisition of segment fixed assets.The company has considered geographical segment as secondary reporting segment for disclosure. For this purpose, revenues are bifurcated based on sales in india and Outside india.

3 Additional information pursuant to provision of part IV of schedule VI to the Companies Act, 1956 is as per Annexure 1.

4 Statement under section 212 of the companies act, 1956 relating to subsidiery company is as per Annexure 2.


Mar 31, 2012

1.1 Bank term loans are secured by way of first charge over the entire fixed assets of the company both present and future created out of the term loan. Personal guarantee of three director and corporate guarantee of M/s.Western chlorides and chemicals Pvt Ltd subsidery of the company.

1.2 Unsecured loan received from M/s. Promtech Impex Pvt Ltd the associate company. Repayable on demand without any interest.

1.3 Repayment schedule of Bank Term Loan.

The deferred Tax balances have arisen principally on account of timing difference between the depriciation admissible under the Income tax Act 1961 and depreciation adjusted in account. Though adjusment has been made in term of accounting standard 22, having regard to the mormal capital expenditure which the Company is expected to continue to make in future years, the timing difference not effectively reversed and to cash outgo likely to materialize on account there of.

2.1 Provision for IT for the year 2009-10 Rs.835446 for the year 2010-11 Rs.9650780 and for the year 2011-12 Rs.7672670 has been made which will be written off after actual assessement of IT and difference will be appropriated by Debiting/ Crediting the P&L A/c in that year.

3.1 Secured by way of Hypothecation of stocks and book Debts and Personal guarantee of three Directors and Corporate Guarantee of M/s. Western Chlorides & Chemicals Pvt Ltd subsidiary of the company.

3.2 The company has not availed the credit facitity at the end of the year 2011-12 due to surplus own funds.

4.1 Disclosure under Section 22 of the Micro, Small and medium enterprises Development Act 2006 could not be furnished as none of the suppliers of the company have provided the details their registration under the said Act.

5.1 Unclaimed Divident do not include any amount due and outstanding to be credited to Investor Education and Protrction Fund.

6.1 Balance with bank includes unclaimed divident Rs. 2.34 Lacs as 31/03/2012 and Rs.2.95 as at 31/03/2011

7.1 Other loans advances includes primarily Interest receivable on FD with Bank and advances given Advances against purchases.

8.1 During the year Company has exported fabric worth Rs.62.37 Lacs to Bangladesh which is included in the fabric sales figures

(Rs. in Lacs)

9 CONTINGENT LIABILITIES

As at 31st March 2012

Contingent Liabilities not provided for in respect of Rs. In Lacs

1. Bank Guarantees 7.19

2. Property tax the year 2011-2012 4.74

3. Maharashtra State Electicity Distribution Co.Ltd 74.66 For Wheeling & Rewheeling Charges.

4. Shri Dhairyasheel Mane Textile Park, Ichalkaranji Bills 528.96 for Common Infrastructure & interest raised by park are under dispute as per M.O.U signed by the park. Legal case pending before hon'ble judge co-op court No.2 Kolhapur

10 SEGMENT INFORMATION

The Company is currently organized into two business operating systems. Textile Processing and and Power GenerationThe accounting principles used in preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. Revenue and direct expenses in relation to segments are categorized based on items that are individually identifiable or allocable on a reasonable basis to that segment. Certain corporate level revenue and expenses, besides financial cost and taxes are not allocated to operating segments and are included in "unallocable".Assets and liabilities represent employed in operationa and liabilities owned to Third party that is indidually identifiable or allocable on a reasonable basis to that segment. Asset and liabilities excluded from allocation to operating segments such as investments, corporate debt and taxes etc are included in "unallocable", segment assets employed in the company's various business segments are all located in india. Capital expenditure includes expenditure incurred during the year on acquisition of segment fixed assets.The company has considered geographical segment as secondary reporting segment for disclosure. For this purpose, revenues are bifurcated based on sales in india and Outside india.

11 Additional information pursuant to provision of part IV of schedule VI to the Companies Act, 1956 is as per Annexure 1.

12 Statement under section 212 of the companies act, 1956 relating to subsidiery company is as per Annexure 2.

 
Subscribe now to get personal finance updates in your inbox!