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Notes to Accounts of Eco Friendly Food Processing Park Ltd.

Mar 31, 2015

1. The Equity Shares of Rs. 10/- (Ten) each of the Company were sub-divided into Equity Shares of Rupee 1/- (One) through Resolution passed in by the Shareholders in their EGM held on dated 20th December, 2015.

2. The Company has originally issued 1,48,59,000 Equity Shares of Rs 10/- each on 23rd Day of May of 2014, but on 20th Day of December of 2014 Company held EGM and sub-divided face value of its shares from Rs 10/- each to Re 1/- each as per the provision of Companies Act, 2013.

3. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

4. All the investments made by the company are valued at Cost .

5. Managerial Remuneration

6. Inventories are valued at cost or net realisable value whichever is less and Semi finished goods are valued at cost incurred till 31st March, 2015.

All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss

7. Account.

8. Related Party Transactions

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:

List of related parties where control exists and related parties with whom transactions have (i) taken place and relationships:

S No. Name of the Related Party Relationship

1 Brij Kishor Sabharwal Key Managerial Person (Director of the Company)


Mar 31, 2014

NOTE 1

Balance of some of the parties''accounts is subject to confirmation.

NOTE 2

In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realised in the ordinary course of business except stated otherwise, the provision for all the known liabilities is adequate and not in excess of the amount considered necessary.

NOTE 3

The company prepares and presents its financial statements as per Schedule VI to the Companies Act,1956, as applicable to it from time to time. In view of revision to the Schedule VI as per a notification issued during the year by the Central Government, the financial statements for the period ended 30 June 2013 have been prepares and presented as per the requirements of the Revised Schedule VI to the Companies Act, 1956. The previous year figures have been accordingly regroups/reclassified to conform to the current Year''s classification.


Mar 31, 2013

NOTE 1

Balance of some of the parties''accounts is subject to confirmation.

NOTE 2

In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realised in the ordinary course of business except stated otherwise, the provision for all the known liabilities is adequate and not in excess of the amount considered necessary.

NOTE 3

The Company had raised Rs. 756.00 lakhs by way of Public Issue. Against this, the company had utilized Rs. 544.66 lakhs as per the Objects of the Issue. The balance amount of Rs. 211.34 lakhs meant for projects have been used in short term investments and will made be available when needed for the projects.

NOTE 4

The previous year figures have been regrouped/reclassified as considered necessary.

 
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