Mar 31, 2015
1) In view of different range of power and conductor cables of
different sizes, quantitative information could not be furnished in
respect of power cables.
2) The Installed Capacities are as certified by the Management and not
verified by the Auditors, being a technical matter.
3) Sales are being shown in composite price, which includes Excise
Duty, Sales Tax, Insurance and Transportation charges.
4) Additional information pursuant to the provisions of Paragraph 3,4C
and 4D of part II, Schedule III, of Companies Act, 2013.
5) Confirmation of balances has not been received in respect of Secured
loans, Sundry Creditors, Sundry Debtors, Loans & Advances and margin
money. These accounts are subject to reconciliation and adjustments, if
any
6) Sundry creditors include outstanding dues to Micro, Small and
Medium Undertakings, to the extent possible ascertained and identified
from the available information, is Nil and Previous Year: NIL.
7) Related Party Disclosure:
Key personnel - Sri G.V.B.R. Reddy, No remuneration was paid during the
year
Noven Life Sciences Pvt. Ltd had opening credit balance of Rs, 27.09
Lakhs. No Transactions during the year. Closing balance was Rs, 27.09
Lakhs.
8) Deferred Tax:
Due to large accumulated lossess no deferred tax asset/liability was
identified during the year as per AS-22 Deferred Tax Asset / Liability
for the current year is recognized, due to large accumulated losses and
very low level of operations during the year as per AS-22 .
9) Previous year's figures have been regrouped wherever necessary to
conform to current year's classification.
10) Unsecured loans other include remuneration payable pertaining to
previous year of Rs, 30.99 lacs.
11) Paise rounded off to nearest Rupee.
12) Schedules 1 to 18 form an integral part of the Balance Sheet and
Profit and Loss Account.
Mar 31, 2013
1) CONTINGENT LIABILITIES:
i) Guarantees issued
ii) Demand from customers consequent to
reduction in Customs Duty 23.23 23.23
2) Sales are being shown in composte price, which includes Excise Duty,
Sales Tax, Insurance and Transportation charges.
3) Additional information pursuant to the provisions of Paragraph 3,4C
and 4D of part II, Schedule VI, of Companies Act, 1956.
(a) Capacity and Production:
4) Confirmation of balances has not been received in respect of Secured
loans, Sundry Creditors, Sundry Debtors, Loans & Advances and margn
money. These accounts are subject to reconciliation and adjustments, if
any.
5) Sundry creditors include outstanding dues toMicro,Smalland Medium
Undertakings, to the extent possible ascertained and identified from
the available information, is Nil and Previous Year NIL.
6) Related Party Disclosure:
Key personnel - Sri G.V.B.R. Reddy, No remuneration was paid during the
year.
Noven Life Sciences Pvt. Ltd had opening credit balance of Rs. 24.99
Lakhs. Transactions during the year was2.10 lakhs. Closing balance was
Rs.27.09 Lakhs.
7) Deferred Tax
Due to large accumulated lossess no deferred tax asset/liabilily was
identified during the year as per AS-22 Deferred Tax Asset / Liaability
for the current year is recognized, due to large accumulated losses and
very low level of operations during the year as per AS-22
8) All products are wires and cables, Hence no segment wise results
are reported As perA.S-17.
9) Un secured loansinclude: Deferred sale tax loan of Rs. 8.52 Crores
and Directors remuneration payable partaining to previous years of
Rs.30.99 lacs and Loans and advances from Directors amounting to
Rs.27.79 lacs.
10) Previous year''s figures have been regrouped wherever necessary to
conform to current year''s classification.
11) Paise rounded off to nearest Rupee.
12) Schedules 1 to 18 form an integral part of the Balance Sheet and
Profit and Loss Account.
Mar 31, 2012
1) CONTINGENT LIABILITIES:
As at As at
31.03.2012 30.09.2011
Rs. in Lakhs Rs. in Lakhs
i) Guarantees issued - -
ii) Demand from customers
consequent to
reduction in Customs Duty 23.23 23.23
2) Sales are being shown in composite price, which includes Excise
Duty, Sales Tax, Insurance and Transportation charges.
3) Confirmation of balances has not been received in respect of Secured
loans, Sundry Creditors, Sundry Debtors, Loans & Advances and margin
money. These accounts are subject to reconciliation and adjustments, if
any.
4) Sundry creditors include outstanding dues to Micro,Small and Medium
Undertakings, to the extent possible ascertained and identified from
the available information, is Nil and Previous Year: NIL.
5) Related Party Disclosure:
Key personnel à Sri G.V.B.R. Reddy, No remuneration was paid during the
year. Noven Life Sciences Pvt. Ltd. had opening credit balance of
Rs.23.04 Lakhs. Transactions during the year was 1.95 Lakhs. Closing
credit balance was Rs.24.99 Lakhs.
6) Deferred Tax
Due to large accumulated losses no deferred tax asset/liability was
identified during the year as per AS-22 Deferred Tax Asset/Liaability
for the current year is recognized, due to large accumulated losses and
very low level of operations during the year as per AS-22
7) All products are wires and cables, Hence no segment wise results
are reported As per A.S - 17.
8) Unsecured loans include: Deferred sale tax loan of Rs. 8.52 Crores.
Unsecured Loans from Directors remuneration payable include un paid
remuneration partaining to previous years of Rs.30.99 lacs, also
includes Rs.24.99 Lakhs from a related party.
9) Previous year's figures have been regrouped wherever necessary to
conform to current year's classification.
10) Paise rounded off to nearest Rupee.
11) Schedules 1 to 18 form an integral part of the Balance Sheet and
Profit and Loss Account.
Mar 31, 2011
1) CONTINGENT LIABILITIES:
As at As at
31.03.2011 30.09.2010
Rs. in Lakhs Rs. in Lakhs
In respect of
i) Guarantees issued - 15.82
ii) Demand from customers 23.23 23.23
consequent to reduction
in Customs Duty
2) Sales are being shown in composite price, which includes Excise
Duty, Sales Tax, Insurance and Transportation charges.
3) Additional information pursuant to the provisions of Paragraph 3, 4C
and 4D of part II, Schedule VI, of Companies Act, 1956.
Note: 1) In view of different range of power and conductor cables of
different sizes, quantitative information could not be furnished in
respect of power cables.
2) The Installed Capacities are as certified by the Management and not
verified by the Auditors, being a technical matter.
4) During the year an amount of Rs. 159.99 lacs comprising of Rs.46.88
lacs in rawmaterial, Rs. 36.23 lacs in stock in progress Rs. 76.88 lacs
in finished goods and Rs. 18.06 lacs in scrap were identified as
depletion / obsolete and written off in the Profit and loss account
5) Confirmation of balances has not been received in respect of
Secured loans, Sundry Creditors, Sundry Debtors, Loans & Advances and
margin money. These accounts are subject to reconciliation and
adjustments, if any.
6) Sundry creditors include outstanding dues to Micro.Small and Medium
Undertakings, to the extent possible ascertained and identified from
the available information, is Nil and Previous Year: NIL.
7) Related Party Disclosure:
Key personnel - Sri G.R.Reddy & Sri G.V.B.R. Reddy, No remuneration was
paid during the year.
8) Deferred Tax
Due to large accumulated losses no deferred tax asset/liability was
identified during the year as per AS-22 Deferred Tax Asset / Liaability
for the current year is recognized, due to large accumulated losses and
very low level of operations during the year as per AS-22
9) All products are wires and cables, Hence no segment wise results
are reported As perA.S-17.
10) Un secured loans include: Deferred sale tax loan of Rs. 8.52 Crores
and Directors remuneration payable partaining to previous years of
Rs.30.99 lacs and Loans and advances from Directors amounting to
Rs.20.41 lacs.
11) Previous year's figures have been regrouped wherever necessary to
conform to current year's classification.
12) Paise rounded off to nearest Rupee.
13) Schedules 1 to 18 form an integral part of the Balance Sheet and
Profit and Loss Account.
Mar 31, 2010
CONTINGENT LIABILITIES:
As st As 3t
31.03.2010 30.09.2009
Rs. in Lakhs Rs. in Lakhs
In respect of
i) Guarantees issued 15.82 15.82
ii) Demand from customers consequent to
reduction in Customs Duty 23.23 23.23
2) Sales are being shown in composite price, which includes Excise
Duty, Sales Tax, Insurance and Transportation charges.
3) During the period Depletions/Obsolete values to the extent of
Rs.21.26 Lakhs from Raw materials were identified and written off.
4) Confirmation of balances has not been received in respect of Sundry
Creditors, Sundry Debtors, Loans & Advances and margin money. These
accounts are subject to reconciliation and adjustments, if any.
5) Sundry creditors include outstanding dues to Micro.Small and Medium
Undertakings, to the extent possible ascertained and identified from
the available information, is Nil and Previous Year: NIL.
6) Related Party Disclosure:
Key personnel - Sri G.V.B.R. Reddy, No remuneration was paid during the
period.
7) Deferred Tax
Due to large accumulated losses no deferred tax asset/liability was
identified during the year as per AS-22
8) All products are wires and cables, Hence no segment wise results
are reported As perA.S-17.
9) Deferred Sales Tax loan Rs.8.52 Crores is being shown Under
Un-secured loans.
10) Previous years figures have been regrouped wherever necessary to
conform to current period classification.
11) Paise rounded off to nearest Rupee.
12) Schedules 1 to 18 form an integral part of the Balance Sheet and
Profit and Loss Account.
Sep 30, 2009
1) CONTINGENT LIABILITIES:
As at As at
30.09.2009 30.09.2008
Rs. in Lakhs Rs. in Lakhs
In respect of
i) Guarantees issued 15.82 107.7
ii) Letters of Credit - -
iii) Demand from customers consequent to
reduction in Customs Duty 23.23 23.23
2) Sales are being shown in composite price, which includes Excise
Duty, Sales Tax, Insurance and Transportation charges.
3) Sundry Debtors include Net of Debit and Credit balances. During the
year old and unrecoverable debtors to the tune of Rs. Lakhs were
written off.
4) During the year Depletions/Obsolete values to the extent of
Rs.88.63 Lakhs from Raw materials, Rs.331.31 Lakh6 from W.LPand
Rs.104.28 Lakhs from F.G were identified and written off. .
5) During the year some of the old equipments pertaining to Telecom
Cables were impaired as per AS-28 (issued by ICAI) to zero value and
the net value of Rs.9830667 (Gross block Less accumulated depreciation)
is identified in the P&L account.
6) Confirmation of balances has not been received in respect of Sundry
Creditors, Sundry Debtors, Loans and Advances margin money. These
accounts are subject to reconciliation and adjustments, if any.
7) Sundry creditorsinclude outstanding dues to Micro,Small and Medium
Undertakings, to the extent possible ascertained and identified from
the available information, is Nil and Previous Year: NIL.
8) Deferred Tax
A. The Deferred Tax Asset of the current year is Nil where as for the
Previous Year Deferred Tax Liability of Rs.92,14,036 has been
recognized in the Profit & Loss Account
B. Break up of Deferred Tax Asset (Net) Showing in the Balance Sheet
are as fllows:
Due to large accumulated losses no deferred tax asset/liability was
identified during the year as per AS-22
9) All products are wires and cables. Hence no segment wise results
are reported.
10) The company determines liability on Sales Tax Deferment on a Net
Present value basis and accordingly provision is mada The provision of
Rs.4784918A is shown under Administrated Expenses.
Provision will be made in each year for the incremental liability. Had
the above item not been considered, the profit/loss for the-period has
been reduced to the said amount. Also, the accumulated losses would
have been lower by the above mentioned amount.
11) Previous years figures have been regrouped wherever necessary to
conform to current years classification.
12) Paise rounded off to nearest Rupee.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article