Mar 31, 2016
1. There is no undisclosed item of Income or Expenditure which exceeds 1 % of the Revenue from operations or Rs. 100000, whichever is higher.
3. Wherever information has been received from the suppliers of their being small scale units, no amount exceeding rupees one lac is due to them for period exceeding thirty
Have:
It is not practicable for the Company to estimate the closure of these issues and consequential timings of cash flows, if any, in respect of the above.
4. A supplier has preferred a claim against the company for about Rs. 35 Million for non-acceptance of delivery which has been disputed by the company. Additionally, the company has filed a suit for damages against the supplier for failure to meet contractual obligations. The matters are pending at various stages before the courts.
5. Related Party disclosure :
Information in accordance with the requirement of Accounting Standard 18 on Related Party disclosures issued by The Institute of Chartered Accountants of India.
a) List of related parties
Holding Company - Ultimate Holding Company
Air Water Inc., Japan
Associates
Superior Tea & Allied Industries Pvt Ltd.
Gunjan Suppliers Pvt Ltd.
Varun Tea Plantations Ltd.
Ellenbarrie Cryogenics Ltd.
Comfort Share Trading Ltd (Certificate of Commencement yet to be received) Ellenbarrie Tea & Industries Ltd.
b) Key Management Personnel
Shri Norio Shibuya - Managing Director
Shri Padam Kumar Agarwala - Executive Director
Shri Shanti Prasad Agarwala - Executive Director
Shri Varun Agarwal - Executive Director
Shri K. Srinivas Prasad - Chief Financial Officer
Mrs. Priyanka Jaiswal - Company Secretary
Note : Figure in brackets relate to corresponding previous year.
6. Segment Reporting :
Information in accordance with requirement of Accounting Standard-17 on Segment Reporting issued by the Institute of Chartered Accountants of India,
a) The Company has two primary business segments :
(i) Gases and related products
(ii) Sheets
Gases and related products comprise manufacture, sale and trading of Industrial, Medical and Special gases as well as related products.
b) Other represents unallowable items not included in the segments.
c) The Company operates predominantly within the geographical limits of India, and accordingly secondary segment has not been considered.
7. Valuation of Shares & Securities at Note 10 above contains some shares which are valued at cost in view of suspension of trading of such shares on recognized stock exchange.
8. In view of inability to assess future taxable income, the extent of deferred tax assets which may be adjusted in subsequent years is not ascertainable with virtual certainty at this stage and accordingly in keeping with Accounting Standard 22 âAccounting for Taxes on Incomeâ issued by the Institute of Chartered Accountants of India, the same has not been recognized in these accounts on prudent basis.
9. Previous yearâs figures are re-grouped and re-arranged, wherever necessary.
Mar 31, 2015
1. There is no undisclosed item of Income or Expenditure which
exceeds 1 % of the Revenue from operations or Rs. 1,00,000, whichever
is higher.
2. Wherever information has been received from the suppliers of their
being small scale units, no amount exceeding rupees one lac is due to
them for a period exceeding thirty days.
It is not practicable for the Company to estimate the closure of these
issues and consequential timings of cash flows, if any, in respect of
the above.
3. A supplier has preferred a claim against the company for about Rs.
35 Million for non-acceptance of delivery which has been disputed by
the company. Additionally, the company has filed a suit for damages
against the supplier for failure to meet contractual obligations. The
matters are pending at various stages before the courts.
4. Segment Reporting:
Information in accordance with requirement of Accounting standard - 17
on Segment Reporting is- sued by the Institute of Chartered Accountants
of India.
a) The Company has two primary business segments :
(i) Gases and related products
(ii) Sheets
Gases and related products comprise manufacture sale and trading of
Industrial, Medical and Special gases as well as related products.
b) Other represents unallowable items not included in the segments.
c) The Company operates predominantly within the geographical limits of
India, and accordingly secondary segment has not been considered.
5. Valuation of Shares & Securities at Note 10 above contains some
shares which are valued at cost in view of suspension of trading of
such shares on recognized stock exchange.
6. Previous year's figures are re-grouped and re-arranged, wherever
necessary. Notes 1 to 36 as above.
Mar 31, 2014
1. There is no undisclosed item of Income or Expenditure which
exceeds 1% of the Revenue from operations or Rs. 1,00,000, whichever is
higher.
2. Wherever information has been received from the suppliers of their
being small scale units, no amount exceeding rupees one lac is due to
them for a period exceeding thirty days.
3.CONTINGENT LIABILITIES NOT PROVIDED FOR
2013-2014 2012-2013
Rs. Rs.
Central Excise Duty & Service Tax 2,17,86,230 4,41,92,475
VAT & CST 3,15,91,676 3,73,87,937
Income Tax 1,73,387 1,93,510
4. Related Party disclosure :
Information in accordance with the requirement of Accounting Standard
18 on Related Party Disclosures issued by The Institute of Chartered
Accountants of India.
a) List of Related Parties :
Holding Company / Ultimate Holding Company
Air Water Inc., Japan
Associates :
Superior Tea & Allied Industries Pvt. Ltd.
Gunjan Suppliers Pvt. Ltd.
Varun Tea Plantations Ltd.
Ellenbarrie Cryogenics Ltd.
Comfort Share Trading Ltd.
Ellenbarrie Real Estate Ltd.
b) Key Management Personnel :
Shri Padam Kumar Agarwala - Managing Director
Shri Shanti Prasad Agarwala - Whole time Director
Shri Varun Agarwal - Executive Director
Ms. Priyanka Jaiswal - Company Secretary
5. Segment Reporting :
Information in accordance with the requirement of Accounting Standard -
17 on Segment Reporting issued by the Institute of Chartered
Accountants of India.
a) The Company has two primary business segments : (i) Gases and
related products
(ii)Sheets
Gases and related products comprise manufacture and sale of Industrial,
Medical and Special gases as well as related products.
b) Other represents unallocable items not included in the segments.
c) The Company operates predominantly within the geographical limits of
India, and accordingly secondary segment has not been considered.
6. Previous year''s figures are re-grouped and re-arranged, wherever
necessary.
Mar 31, 2013
1. Dividend remittance to Non-resident shareholders Nil Nil
2. There is no undisclosed item of Income and Expenditure which
exceeds 1% of the Revenue from operations or Rs. 1,00,000, whichever is
higher.
3. Wherever information has been received from the suppliers of their
being small scale units, no amount exceeding rupees one lac is due to
them for a period exceeding thirty days.
4. CONTINGENT LIABILITIES NOT PROVIDED FOR 2012-2013 2011-2012
Rs. Rs.
Central Excise Duty & Service Tax 4,41,92,475 -
West Bengal & Andhra Pradesh VAT & CST 3,73,87,937 -
Income Tax 1,93,510 -
5. In accordance with Accounting Standards 22 viz. "Accounting for
Taxes on Income" issued by The Institute of Chartered Accountants of
India, for the current year, in view of investment in the new Unit,
viz. Vizag Plant, resulting in an abnormal disproportionate difference
in depreciation, the extent of deferred tax liability has not been
recognised in these accounts.
6. Related Party disclosure :
Information in accordance with the requirement of Accounting Standard
18 on Related Party Disclosures issued by The Institute of Chartered
Accountants of India.
a) List of Related Parties :
Superior Tea & Allied Industries Pvt. Ltd.
Gunjan Suppliers Pvt. Ltd.
Varun Tea Plantations Ltd.
Ellenbarrie Cryogenics Ltd.
b) Key Management Personnel:
Shri Shanti Prasad Agarwala - Managing Director Shri Padam Kumar
Agarwala - Joint Managing Director Shri Varun Agarwal - Director
7. Segment Reporting:
Information in accordance with the requirement of Accounting Standard -
17 on Segment Reporting issued by the Institute of Chartered
Accountants of India.
a) The Company has two primary business segments :
(i) Gases and related products
(ii) Sheets
Gases and related products comprise manufacture and sale of Industrial,
Medical and Special gases as well as related products.
b) Other represents unallocable items not included in the segments.
c) The Company operates predominantly within the geographical limits of
India, and accordingly secondary segment has not been considered.
8. Previous year''s figures are re-grouped and re-arranged, wherever
necessary. Signature to Schedules 1 to 36
Mar 31, 2012
A) There is no change in number of shares outstanding as at 31st March,
2012 and 31st March, 2011
b) The Company does not have any holding company
c) Details of Shareholders holding more than 5% shares in the company :
d) No shares have been allotted other than cash or has been bought back
by the company during the period of 5 years preceding the date as at
which the Balance Sheet is prepared.
e) No convertible securities has been issued by the company during the
year.
f) No calls are unpaid by any Director and Officer of the Company
during the year.
1. There is no undisclosed item of Income and Expenditure which
exceeds 1% of the Revenue from " operations or Rs. 1,00,000, whichever
is higher.
2. Wherever information has been received from the suppliers of their
being small scale units, no amount exceeding rupees one lac is due to
them for a period exceeding thirty days.
3. In accordance with Accounting Standards 22 viz. "Accounting for
Taxes on Income" issued by The Institute of Chartered Accountants of
India, for the current year, in view of investment in the new Unit,
viz. Vizag Plant, resulting in an abnormal disproportionate difference
in depreciation, the extent of deferred tax liability has not been
recognised in these accounts.
4. Related Party disclosure :
Information in accordance with the requirement of Accounting Standard
18 on Related Party Disclosures issued by The Institute of Chartered
Accountants of India.
a) List of Related Parties :
Superior Tea & Allied Industries Pvt. Ltd.
Gunjan Suppliers Pvt. Ltd.
Varun Tea Plantations Ltd.
Ellenbarrie Cryogenics Ltd.
b) Key Management Personnel :
Shri Shanti Prasad Agarwala - Managing Director
Shri Padam Kumar Agarwala - Joint Managing Director
Shri Indrajit Mookerjee - Joint Managing Director
Shri Varun Agarwal - Executive Director
5. Segment Reporting :
Information in accordance with the requirement of Accounting Standard -
17 on Segment Reporting issued by the Institute of Chartered
Accountants of India.
a) The Company has two primary business segments :
(i) Gases and related products
(ii) Sheets
Gases and related products comprise manufacture and sale of Industrial,
Medical and Special gases as well as related products.
b) Other represents unallocable items not included in the segments.
c) The Company operates predominantly within the geographical limits of
India, and accordingly secondary segment has not been considered.
6. Previous year's figures are re-grouped and re-arranged, wherever
necessary. Signature to Schedules 1 to 35
Mar 31, 2010
1. Wherever information has been received from the suppliers of their
being small scale units, no amount exceeding rupees one lac is due to
them for a period exceeding thirty days.
2 In accordance with Accounting Standards 22 viz. "Accounting for
Taxes on Income" issued by The Institute of Chartered Accountants of
India, for the current year, in view of huge investment in the new
Unit, viz. Vizag Plant, resulting in an abnormal disproportionate
difference in depreciation, the extent of deferred tax liability has
not been recognised in these accounts.
3. Related Party Disclosure :
Information in accordance with the requirement of Accounting Standard
18 on Related Party Disclosures issued by The Institute of Chartered
Accountants of India.
a) List of related parties
Superior Tea & Allied Industries Pvt. Ltd. Gunjan Suppliers Pvt. Ltd.
Varun Tea Plantations Ltd. Ellenbarrie Cryogenics Ltd.
b) Key Managerial Personnel
Shri Shanti Prasad Agarwala, Managing Director Shri Padam Kumar
Agarwala, Joint Managing Director Shri Indrajit Mookerjee, Joint
Managing Director Shri Varun Agarwal, Executive Director
4. Segment Reporting :
Information in accordance with the requirement of Accounting
Standard-17 on Segment Reporting issued by the Institute of Chartered
Accountants of India.
a) The Company has two primary business segments : (i) Gases and
related products
(ii) Sheets
Gases and related products comprise manufacture and sale of Industrial,
Medical and
Special gases as well as related products.
b) Other represents unallocable items not included in the segments.
c) The Company operates predominantly within the geographical limits of
India, and accordingly secondary segment has not been considered.
5. Previous years figures are re-grouped wherever necessary.