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Notes to Accounts of Esteem Bio Organic Food Processing Ltd.

Mar 31, 2015

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

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

1.3 Managerial Remuneration: 240,000

The inventories (finished) are valued at 90% of their net realizable value and inventories (semi-finished) are valued at 75% of their 2.4 estimated net realizable value.

1.4 All schedules annexed to and from integral part of the Balance Sheet and Profit & Loss Account.

1.5 Related Party Transactions

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


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 adquate and not in excess of the amount considered necessary.

NOTE 3

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


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 adquateand not in excess of the amount considered necessary.

NOTE 3

The Company had raised Rs. 1129.50 lakhs by way of Public Issue. Against this, the company had utilized Rs. 551.93 lakhs as per the Objects of the Issue. The balance amount of Rs. 577.57 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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