Home  »  Company  »  Ellenbarrie Ind. Gas  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Ellenbarrie Industrial Gases Ltd.

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.

 
Subscribe now to get personal finance updates in your inbox!