Mar 31, 2015
Note: 1 Segment Reporting Policies
Identification of segments:
a] Primary Segments
Business segment: The Company has only one segment of Home Appliances
and the products considered as part of the segment are LPG Stove, Range
hood (Chimney) and Gas Geysers. Since inherent nature of all activities
of the company is governed by the same set of risks and returns and
also all the products are falling in the same category in trade
parlance therefore as per the guidelines of the AS-17 no primary
segment is reporting required for the year.
b] Secondary Segment
Geographical Segment: The analysis of geographical segment is based on
the geographical location of the customers. The following is the
distribution of the Company's consolidated sales by geographical
market:-
Note: 2 Disclosure of Related party /Related Party Transactions
Name of the related parties and relationship
(a) Associates Companies
M/s Blow Hot Kitchen Appliances Private Limited.
M/s Indore Paper Krafters Pvt. Ltd.
M/s Valor Hitech Pvt. Ltd.
(b) Key Management Personnel and their relatives
Mr. Sanjay Gorani Managing Director
Mr. Anil Gorani Whole Time Director
Mr. Nakul Gorani Director
Mr. Narendra Gorani Relative of Director
Mrs. Manju Gorani Relative of Director
Mr. C.S.Sharma CFO
(c) The transactions entered into with the related parties during the
year along with related balances as at 31st march 2015 are as under:
Note: 3
Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs. NIL)
Note: 4
In the opinion of the management and to the best of their knowledge and
belief the value of realization of current assets, loans and advances
in the ordinary course of business will not be less than the amount at
which they are stated in the balance sheet. No provision has been made
for the long outstanding debtors considered doubtful because it is
still under negotiation stage.
Note: 5
Additional Information pursuant to provisions of paragraph 5 (VIII) of
part II of schedule III to the companies act as certified by the
Directors:
Note: 6
The Balances in the accounts of debtors, creditors, loans, advances and
others are subject to confirmation and reconciliation. But no
confirmation is called in last year by the company.
Note: 7
The previous year figures have been regrouped / reclassified, wherever
necessary to confirm to the current year figures.
Mar 31, 2014
Note: 1 Segment Reporting Policies
Identification of segments: a] Primary Segments
Business segment: The Company has only one segment of Home Appliances
and the products considered as part of the segment are LPG Stove, Range
hood (Chimney) and Gas Geysers. Since inherent nature of all activities
of the company is governed by the same set of risks and returns and
also all the products are falling in the same category in trade
parlance therefore as per the guidelines of the AS-17 no primary
segment is reporting required for the year.
Name of the related parties and relationship
(a) Associates Companies
M/s Blow Hot Kitchen Appliances Private Limited.
(b) Key Management Personnel and their relatives
Mr. Sanjay Gorani Managing Director
Mr. Anil Gorani Chairman
Mr. Nakul Gorani Director
Mr. Narendra Gorani Relative of Director Mrs. Manju Gorani Relative of
Director
Note: 2
Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs. NIL)
Note: 3
In the opinion of the management and to the best of their knowledge and
belief the value of realization of current assets, loans and advances
in the ordinary course of business will not be less than the amount at
which they are stated in the balance sheet. No provision has been made
for the long outstanding debtors considered doubtful because it is
still under negotiation stage.
Note: 4
Additional Information pursuant to provisions of paragraph 3, 4B, 4C of
part II of schedule VI to the companies as certified by the Directors:
Note: 5
The Balances in the accounts of debtors, creditors, loans, advances and
others are subject to confirmation and reconciliation. But no
confirmation is called in last three year by the company.
Note: 6
The previous year figures have been regrouped / reclassified, wherever
necessary to confirm to the current year figures.
Mar 31, 2013
NOTE: 1
SEGMENT REPORTING POLICIES
Identification of segments:
a] Primary Segments
Business segment: The Company has only one segment of Home Appliances
and the products considered as part of the segment are Kerosene wick
Stove, LPG Stove, Range hood (Chimney) and Gas Geysers. Since inherent
nature of all activities of the company is governed by the same set of
risks and returns and also all the products are falling in the same
category in trade parlance therefore as per the guidelines of the AS-17
no primary segment is reporting required for the year.
b] Secondary Segment
Geographical Segment : The analysis of geographical segment is based on
the geographical location of the customers. The following is the
distribution of the Company''s consolidated sales by geographical
market:-
NOTE: 2
DISCLOSURE OF RELATED PARTY /RELATED PARTY
TRANSACTIONS
Name of the related parties and relationship
(a) Associates Companies
M/s Blow Hot Kitchen Appliances Private Limited.
(b) Key Management Personnel and their relatives Mr. SanjayGorani
Managing Director Mr.AnilGorani Director
Mrs. Manju Gorani Director (Resigned during the year) Mr. Narendra
Gorani Relative of Director Mr. Nakul Gorani Director (Appointed during
the year)
NOTE: 3
CONTINGENT LIABILITIES
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs.NIL) NOTE: 27
In the opinion of the management and to the best of their knowledge and
belief the value of realization of current assets, loans and advances
in the ordinary course of business will not be less than the amount at
which they are stated in the balance sheet. No provision has been made
for the long outstanding debtors considered as recoverable, because it
is still under negotiation stage.
NOTE: 4
Additional Information pursuant to provisions of paragraph 3,4B, 4C of
part II of schedule VI to the companies as certified by the Directors:
NOTE: 5
The Balances in the accounts of debtors, creditors, loans, advances and
others are subject to confirmation and reconciliation. But no
confirmation is called in last three year by the company.
NOTE: 6
The previous year figures have been regrouped / reclassified, wherever
necessary to confirm to the current year figures.
Mar 31, 2012
Note: 1
Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs. NIL)
Note: 2
In the opinion of the management and to the best of their knowledge and
belief the value of realization of current assets, loans and advances
in the ordinary course of business will not be less than the amount at
which they are stated in the balance sheet. No provision has been made
for the long outstanding debtors considered recoverable because it is
still under negotiation stage.
Note: 3
The Balances in the accounts of debtors, creditors, loans, advances and
others are subject to confirmation and reconciliation. But no
confirmation is called in last three year by the company.
Note: 4
The Financial Statement for the year ended 31st March 2011 had been
prepared as per the then applicable, pre-revised Schedule VI to the
Companies Act, 1956 the Financial Statement for the year ended 31st
March'2012 are prepared as per revised Schedule VI. Accordingly the
previous year figures have also been reclassified to conform to this
year's classification. The adoption of revised Schedule VI for the
previous year figures does not impact recognition and measurement
principals followed for preparation of Financial Statements.
Mar 31, 2011
1. Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs.NIL)
2. Based on the information available with us and relied upon by the
Auditors the information as required to be disclosed under Micro, Small
& Medium Enterprises Development Act, 2006 as on 31/03/2011 is NIL,
3. The Balances in the accounts of customers, suppliers and others are
subject to confirmation and reconciliation. But no confirmation is
called in last three year by the company.
4. Figures have been rounded off to nearest rupee.
Mar 31, 2010
1. Contingent Liabilities :
Estimated amount of contracts remaining to be executed on capital
account (Net of Capital Advance) not provided for Rs. Nil (Previous
Year Rs. Nil).
2. In the opinion of the management and to the best of their knowledge
and belief the value of realisation of current assets, loans and
advances in the ordinary course of business will not be less than the
amount at which they are stated in the balance sheet. No provision has
been made for the long outstanding debtors considered doubtful because
it is still under negotiation stage
3. The Management is of the opinion that there are no Small Scale
Industries to whom the Company owes a sum exceeding Rs. 1.00 Lacs,
which is outstanding for more than 30 days at the Balance Sheet date.
4 Based on the information available with us and relied upon by the
Auditors the information as required to be disclosed under Micro, Small
& Medium Enterprises Development Act, 2006 as on 31/03/2010 is NIL.
5. The Balances in the accounts of customers, suppliers and others are
subject to confirmation and reconciliation. But no confirmation is
called in last three year by the company.
6. Figures have been rounded off to nearest rupee.
7. The figures in brackets indicate deduction or previous year.
Mar 31, 2000
1. Contingent Liabilities :
Estimated amount of contracts remaining to be executed on capital
account (Net of Capital Advance) not provided for Rs. 18.50 Lacs (Rs.
17.90 Lacs).
2. In the opinion of the management, no liabilities towards income tax
is contemplated and therefore no provision for tax has been made.
3. In the opinion of the management and to the best of their knowledge
and belief the value of realisation of current assets. Loans and
advances is in the ordinary course of business and will not be less
than the amount at which they are stated in the balance sheet.No
provision has been made for the debt considered doubtful as it is still
under negotiation stage.
Figures have been rounded off to nearest rupee.
4. Previous year figures have been regrouped/rearranged wherever
considered necessary to facilitate comparison.
5. The figures in brackets/indicate deduction or previous year.
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