Home  »  Company
Enter the first few characters of Company and click 'Go'
Sorry, unable to find the company details of Kalptaru papers

Search NSE/BSE Listed Company Details By Alphabets

 
Subscribe now to get personal finance updates in your inbox!
Kalptaru Papers Ltd. Notes to Accounts, Kalptaru Papers Ltd. Company
Home  »  Company  »  Kalptaru Papers  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Kalptaru Papers Ltd.

Mar 31, 2014

1) Term Loans taken from IOB are primarily secured against Equitable mortgage of factory Land & Building and hypothecation of plant & machinaries/misc.fixed assets of the company situated at survey No.116/P and 117/P of mouje Karoli, Kalol Distt, Gandhinagar.

2) All type of Loans from IOB are collateraly secured by:- a) Residual value of exisiting fixed assets of the company valued by approved valuation officer.

b) Equitable mortgage of residential flats at B-4/101 & B-4/103, Goyal intercity, Drive-in-Road, Ahmedabad in the name of company and residential value of Factory & Building situated at Kalol Distt, Gandhinagar.

c) Personal guarantee of Directors and corporate guarantee of M/s Kalptaru Alloys Pvt.Ltd., Kalptaru Fincap Ltd., Kalptaru Insurance Brokers Ltd. And N.N.Papers Pvt.Ltd.

i) Deferred tax is recognised only on timing difference between the accounting income and taxable income, which are capable of reversal in subsequent periods.

ii) Deferred assets on carried forward business loss and unabsorbed depreciation is recognised only if management certifies with virtual certainity & convincing evidence that there will be sufficient future taxable income.

iii) Value of deferred tax is assessed on each balance Sheet date and any change in value is recognised in the profit & loss appropriation account.

i) Working Capital Loan from Axis Bank Limited is collaterally secured by residential property in the name of directors of the company and the personal guarantee of the directors of the company.

ii) Cash Credit facility from IOB is primarily secured against hypothecation of paid up stock upto 90 days and entire current assets of the company.

iii) Limit for letter of credits from IOB primarily Secured against documents of title to goods/underlying stocks/ accepted hundies.

iv) Limit for letter of guarantee from IOB primarily secured against counter guarantee of the company.

v) All type of borrowings from IOB are collaterally secured by:-

a) Residual value of exisiting fixed assets of the company valued by approved valuation officer.

b) Equitable mortgage of residential flats at B-4/101 & B-4/103, Goyal intercity, Drive-in-Road, Ahmedabad in the name of company and residential value of Factory & Building situated at Kalol Distt, Gandhinagar.

c) Personal guarantee of Directors and corporate guarantee of M/s Kalptaru Alloys Pvt.Ltd., Kalptaru Fincap Ltd., Kalptaru Insurance Brokers Ltd. and N. N. Papers Pvt. Ltd.

Note : 3 Related Party disclosures 1 Relationships:-

(A) Key Management Personnel

Sh. J.K. Gupta (Director Cum Chairman)

Sh. Naveen Gupta (Managing Director)

Sh. Shivratan Jivaram Sharma (Independent Director)

Sh. Paresh Babu Laxminandan Pandya (Independent Director)

Sh. Ramesh Chand ((Independent Director)

(B) Associate Concerns Kalptaru Fincap Ltd.

N.N Papers (P) Ltd. (Earlier known as Kalptaru Softech Pvt Ltd)

Jai Kishan & Sons (HUF)

Naveen Gupta (HUF)

Kalptaru Alloys Pvt. Ltd.

Kalpatru Insurance Broker Ltd.

Kalpatru Infosoft Pvt. Ltd.

Note : 4 The Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification/ disclosure.


Mar 31, 2013

Note : 1 Related Party disclosures 1 Relationships:-

(A) Key Management Personnel

Sh. J.K. Gupta (Director Cum Chairman)

Sh. Naveen Gupta (Managing Director)

Sh. Shivratan Jivaram Sharma (Independent Director)

Sh. Paresh Babu Laxminandan Pandya (Independent Director)

Sh. Ramesh Chand ((Independent Director)

(B) Associate Concerns Kalptaru Fincap Ltd.

N.N Papers (P) Ltd. (Earlier known as Kalptaru Softech Pvt Ltd)

Jai Kishan & Sons (HUF)

Naveen Gupta (HUF)

Kalptaru Alloys Pvt. Ltd.

Kalpatru Insurance Broker Ltd.

Kalpatru Infosoft Pvt. Ltd.

Note : 2 The Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification/ disclosure.


Mar 31, 2010

1) Previous year figures have been regrouped / rearranged wherever necessary to make them comparable with current years figures.

2) Sundry debtors / creditors / loans and advances are subject to confirmations and reconciliation.

3) Loan of the company from Indian Overseas Bank Limited are primarily secured by stock, book debts, land and building, and plant and machinery of the company. Besides, the loans are collaterally secured by residual value of existing fixed assets of the company, equitable mortgage of office premises, personal guarantee of directors and associate concerns namely Kalptaru Alloys Pvt. Ltd., Kalptaru Fincap Pvt. Ltd., Kalptaru Softech Pvt. Ltd. and Kalptaru Insurance Brokers Pvt. Ltd.

4) Loan of the company from Axis Bank Limited is collaterally secured by residential property in the name of directors of the company and the personal guarantee of the directors of the company.

5) In the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

6) Information pursuant to the provisions of paragraph 3 and 4(D) of Part II of Schedule VI of the Companies Act, 1956:

7) a. Pursuant to Accounting Standard for Taxes on Income (AS-22) the Deferred Tax Assets of Rs. 2969758.59 relating to the period upto 31.03.2010 has been recognized in the Profit & Loss Account.

8) Guarantee issued by bank on behalf of Company stands for Rs. 76.00 Lakhs.

9) It is not possible for the company to identify which are small scale industrial and ancilliary industrial undertakings to whom amount is unpaid alongwith interest due, if any. Moreover, no claim has been received for interest from suppliers.

A) Key Management Personnel

Sh. J.K. Gupta (Director Cum Chairman)

Sh. Naveen Gupta (Managing Director)

Sh. Pinnakinbhai Patel (Director)

Sh. Paresh Babu Laxminandan Pandya (Director)

B) Associate Concerns

Kalptaru Fincap Ltd. Kalptaru Alloys Pvt. Ltd.

Kalptaru Softech (P) Ltd. Kalpatru Insurance Broker Ltd.

Jai Kishan & Sons (HUF) Kalpatru Infosoft Pvt. Ltd.

Naveen Gupta (HUF)

 
Subscribe now to get personal finance updates in your inbox!