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Notes to Accounts of Emgee Cables And Communications Ltd.

Mar 31, 2015

1 CONTINGENT LIABILITIES NOT PROVIDED FOR :

i) Counter Guarantee given to Company's Banker for the Guarantee given by them on behalf of the Company is Rs. 970.00 Lacs. (Previous Year Rs.996.70 Lacs).

ii) Outstanding Inland/Foreign Letter of Credits Rs.950.00 Lacs (Previous Year Rs. 999.91 Lacs)

2 Provision has been made for Gratuity to employees.

3 Loans and advances and book debts are considered good.

4 Debit and Credit balances appearing under Sundry Debtors Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation. Adjustment if any in these accounts will be made as and when they will finally reconciled and confirmed.

5 In Terms of Section 22 of the Micro, Small & Medium Enterprises Development Act 2006, The Outstanding to these enterprise are required to be disclosed. However, these enterprise are required to be registered under the Act. In the absence of information about registration of the enterprise under the above Act, the required information could not be furnished.

6 Search operation by Income Tax Authorities was conducted at the business premises of the Company on 09.10.2002. As per records there was no undisclosed income of the Company and accordingly Block Return of Income has been filed showing NIL undisclosed income. The matter is pending for assessment before tax authorities. Provisions if any will be made at the time of completion of assessment proceedings.

7 Previous year figures are regrouped & rearranged wherever considered necessary.

8 Figures are rounded off to the nearest rupee.

9 None of the Employees of the Company is covered under section 217(2A) of the Companies Act 1956.

10 Other Advances includes Rs. NIL due from Director (Previous year Rs. NIL Lacs).

11 Segmental Reporting : During the year, Company has only one segment of activity i.e. manufacturing & Trading of Wires & Cables and single production unit at Jaitpura, Jaipur with sale area - Domestic and Export.

12 Disclosure with respect to related parties

S. NAME OF THE PERSON PARTY AMOUNT No. RELATIONSHIP

1 Shripal H. Choudhari Director 720,000.00

2 Abhinav Choudhari CFO 720,000.00

3 Anuradha Choudhari Director 600,000.00

4. H M S Investments Pvt. Ltd. Common Director 427,352,049

626,324,097

S. NAME OF THE PERSON NATURE OF PAYMENT No.

1 Shripal H. Choudhari Director Remuneration

2 Abhinav Choudhari KMP Remuneration

3 Anuradha Choudhari Sitting fee

4. H M S Investments Pvt. Ltd. Purchase Sales


Mar 31, 2014

1. CONTINGENT LIABILITffiS NOT PROVIDED FOR :

(i) Counter Guarantees given to Company''s Banker for the Guarantee given by them on behalf of the Company is Rs. 996.70 Lacs. (Previous Year Rs. 840.16 Lacs).

(ii) Outstanding Inland/Foreign Letter of Credits Rs. 999.91 Lacs (Pervious Year Rs. 993.73 Lacs.)

2. Provision has been made for Gratuity to employees.

3. Loans and advances and book debts are considered good.

4. Debit and Credit balances appearing under Sundry Debtors, Loans and Advances, and Sundry Creditors are subject to confirmation and reconciliation. Adjustment if any in these accounts will be made as and when they will finally reconciled and confirmed.

5. In Terms of Section 22 of the Micro, Small and Medium Enterprises Development Act 2006, The outstanding to these enterprises are required to be disclosed. However, these enterprise are required to be Registered under the Act. In the absence of information about registration of the enterprises under the above Act, the required information could not be furnished.

6. Search operation by Income Tax Authorities was conducted at the business premises of the Company on 09.10.2002. As per records, there was no undisclosed income of the Company and accordingly Block Return of Income has been filed showing NIL undisclosed income. The matter is pending for assessment before tax authorities. Provisions if any will be made at the time of completion of assessment proceedings.

7. Previous year figures are regrouped & rearranged wherever considered necessary.

8. Figures are rounded off to the nearest rupees.

9. None of the Employees of the Company is covered under section 217 (2A) of the Companies Act, 1956.

10. Other Advances includes Rs. NIL due from Director (Previous year Rs. NIL Lacs).

11. Segmental Reporting : During the year, Company has only one segment of activity i.e. Manufacturing & Trading of Wires & Cable and single production unit at Jaitpura, Jaipur with sale area- Domestic and Export.

Notes :

1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company not less than 48 hours before the commencement of the meeting.

2. A Proxy need not be a member of the company.

3. Appointing a proxy does not prevent a member from attending the meeting in person if he so wishes.

4. In the case of joint holders, the signature of any one holder will be sufficient, but names of all the joint holders should be stated.


Mar 31, 2012

1 CONTINGENT LIABILITIES NOT PROVIDED FOR :

i) Counter Guarantee given to Company's Banker for the Guarantee given by them on behalf of the Comapany is Rs. 662.95 Lacs. (Previous Year Rs.821.38 Lacs).

ii) Outstanding Inland/Foreign Letter of Credits Rs.992.16 Lacs (Previous Year Rs. 782.98 Lacs)

2 PARTICULARS OF SECURITIES TERM LOANS & OTHER LOANS :

A. WORKING CAPITAL - Dena Bank Jaipur :

Secured by First charge by way of Hypothecation of the present and future stocks of Raw-materials, Work-in-process, Finished goods & Stores of all kinds, Book Debts, outstanding money claims,

Bills Rights and other movable assets and also by personal guarantees of Shri Shripal Choudhari and Shri Mahipal H Choudhari Directors of the Company.

B. Term Loan from DENA BANK is secured by hypothecation on the Machinery.

Both A & B are further secured by way of first charge on the fixed assets of the Company and equitable mortgage of lease hold land & Building situated at F-75-76 Udyog Vihar Jaitpura, Land at 86 A & B Gourav Nagar, Civil Lines, Jaipur, Office at T-16-20 Alankar Plaza Centeral Spine Vidhyadhar Nagar, Jaipur.

C. HDFC and ICICI CAR LOANS are secured by hypotecation on vehicle.

3 No provision has been made for Gratuity to employees. The Company had initiated foracturial valuation.

4 Loans and advances and book debts are considered good. In this respect the company holds no security other than the personal guarantees of the person concerned.

5 Debit and Credit balances appearing under Sundry Debtors Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation. Adjustment if any in these accounts will be made as and when they will finally reconciled and confirmed. :

6 In Terms of Section 22 of the Micro, Small & Medium Enterprises Development Act 2006, The Outstanding to these enterpries are required to be disclosed. However, these enterpries are required to be registred under the Act. In the absence of information about registration of the enterpries under the above Act, the required information could not be furnished.

7 Search operation by Income Tax Authorities was conducted at the business permises of the Company on 09.10.2002. As per records there was no undisclosed income of the Company and accordingly Block Return of Income has been filed showing 'NIL' undisclosed income. The matter is pending for assessment before tax authorities. Provisions if any will be made at the time of completion of assessment proceedings.

8 Previous year figures are regroupad & rearranged wherever considered necessary.

9 Figures are rounded off to the nearest rupee.

10 None of the Employees of the Company is covered under section 217(2A) of the Companies Act 1956.

11 Some of the assets of the company were revalued during the year 1994-1995. Depreciation amounting to Rs. 181694/- on enhanced value of assets due to revaluation has been transferred from Revaluation Reserve Account to Profit & Loss Account.

12 Other Advances includes Rs. NIL due from Director (Previous year Rs. NIL Lacs).

13 Segmental Reporting : During the year, Company has only one segment of activity i.e. manufacturing & Trading cf Wires & Cables and single production unit at Jaitpura, Jaipur with single sale area - Domestic Market.


Mar 31, 2009

1. CONTINGENT LIABILITIES NOT PROVIDED FOR :

(i) Counter Guarantees given to CompanysBanker for the Guarantee given by them on behalf of the Company is Rs. 177.25 Lacs. (Previous Year Rs. 75.60 Lacs).

(ii) Outstanding Inland/Foreign Letter of Credits Rs. 167.16 Lacs (Pervious Year Rs. 639.73

Lacs.)

2. PARTICULARS OF SECURITIES, TERM LOANS & OTHER LOANS :

A. WORKING CAPITAL - Dena Bank, Jaipur :

Secured by First charge by way of Hypothecation of the present and future stocks of Raw- materials. Work-in-process. Finished goods & Stores of all kinds, Book Debts, Outstanding money claims. Bills. Rights and other movable assets and also by personal guarantees of Shri Shripal H. Choudhari and Shri Mahipal H Choudhari Directors of the Company.

B. Term Loans from Dena Bank is secured by hypothecation on the Machinery.

Both A & B are further secured by way of first charge on the fixed assets of the Company and equitable mortgage of lease hold land & Building situated at F-75-76, Udyog Vihar, Jaitpura. Land at 86 A & B Gourav Nagar, Civil Lines, Jaipur, Office at T-16-20, Alankar Plaza. Centeral Spine. Vidhydhar Nagar, Jaipur.

C. ICICI Bank and HDFC Car Loans are secured byhypotecation on vehicle.

3. No provision has been made for Gratuity to employees. The Company had initiated for acturial valuation.

4. Loans and advances and book debts are considered good. In this respect the company holds no security other than the personal guarantees of the person concerned.

5. Debit and Credit balances appearing under Sundry Debtors, Loans and Advances, and Sundry Creditors are subject to confirmation and reconciliation. Adjustment if any in these accounts will be made as and when they will finally reconciled and confirmed.

6. In Terms of Section 22 of the Micro, Small Scale and Medium Enterprises Development Act 2006, The outstanding to these enterprises are required to be disclosed. However, these enterprise are required to be registred under the Act. In the absence of information about registration of the enterprises under the above Act, the required information could not be furnished.

7. Search operation by Income Tax Authorities was conducted at the business premises of the Company on 09.10.2002. As per records, there was no undisclosed income of the Company and accordingly Block Return of Income has been filed showing NIL undisclosed income. The matter is pending for assessment before tax authorities. Provisions if any will be made at the time of completion of assessment proceedings.

8. Previous year figures are regrouped & rearranged wherever considered necessary.

9. Figures are rounded off to the nearest rupees.

10. None of the Employees of the Company is covered under section 217 (2A) of the Companies Act, 1956.

11. Some of the assets of the company were revalued during the year 1994-1995. Depreciation amounting to Rs. 1,81,694/- on enhanced value of assets due to revaluation has been transferred from Revaluation Reserve Account to Profit & Loss Account.

12. Other Advances includes Rs. NIL due from Director (Previous year Rs. NIL Lacs).

 
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