Mar 31, 2018
1. In the opinion of Directors, Current Assets, Loans and Advances have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provision for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.
2. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills Discounted Rs.1604.40 lakhs (Previous Year Rs. 2929.74 lakhs).
3. Earning in Foreign Exchange:
FOB value of export: Rs.44,379.76 Lakhs (Previous Year Rs.52,884.71 Lakhs).
4. The Management is of the view of that the fixed assets of the Company are capable of generating adequate returns over their useful lives in the course of business. Therefore the assets are not impaired and do not call for providing any loss.
5. The company has taken effort to verify the closing balances of the sundry creditors / Debtors subject to pending confirmations.
6. Additional Disclosure pursuant to clause 32 of Listing Agreement, (Excepting for employees) is not applicable as there are no transactions in that nature.
7. The previous yearâs figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amount and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.
8. As per Ind AS 108 on âSegment Reportingâ, segment information has been provided under the Notes to Consolidated Financial Statements
Financial instruments - Fair values and risk management
A. Accounting classification and fair values
Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are presented below. It does not include the fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
b) Segment Reporting : Segment identification, reportable segments
i) Primary/secondary segment reporting format:
The risk-return profile of the companyâs business is determined predominantly by the nature of its products and services. Accordingly, business segments constitute the primary segments for disclosure of segment information.
ii) Segment Identification:
Business segment have been on the basis of nature of product/services, the ri-return profile of individual business.
iii) Reportable Segment:
Reportable segment has been identified as per the criteria specified in Ind AS 108 âSegment Reporting Issued by the Institute of Chartered Accountants of India.
Mar 31, 2016
1. Reimbursement expected in respect of expenditure required to settle a provision is recognized only when it is virtually certain that the reimbursement will be received.
2. Contingent Liability is disclosed in case of:
3. A present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the obligation.
4 a present obligation arising from past events, when no reliable estimate is possible; and
5. Contingent assets are neither recognized, nor disclosed.
6. Provisions, Contingent liabilities and contingent assets are reviewed at each Balance Sheet date.
7. IMPAIRMENT OF ASSETS
The carrying values of assets / cash generating units at each Balance Sheet date are reviewed for impairment. If any indication of impairment exists, the recoverable amount of such assets is estimated and impairment is recognized, if the carrying amount of these assets exceeds their recoverable amount. The recoverable amount is the greater of the net selling price and their value in use. Value in use is arrived at by discounting the future cash flows to their present value based on an appropriate discount factor. When there is indication that an impairment loss recognized for an asset in earlier accounting periods no longer exists or may have decreased, such reversal of impairment loss is recognized in the Statement of Profit and Loss except in case of revalued assets.
8. Particulars of Security :
9. Primary: Exclusive charge on all the assets of the project including cost of Land.
10. Collateral: a) Hypothecation of a Wind Mill located at Dharmapuri District, Tamil Nadu
11. Personal guarantee of Umesh Lahoti, Ujwal Lahoti and Aadhitiya Lahoti of the above, Installment of Year 2014-15 has been considered as current maturities of long term debts and re-grouped accordingly under Other Current Liabilities in March 2014 financials.
12. In the opinion of Directors, Current Assets, Loans and Advances have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provision for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.
13. Contingent Liabilities:
14. Contingent Liabilities not provided for in respect of Bills Discounted Rs. 3507.89 lakhs (Previous Year Rs. 2,907.02 lakhs).
15. Claims not acknowledged by the Company relating to cases contested by the Company:
16. Earning in Foreign Exchange:
FOB value of export: Rs. 43,102.60 Lakhs (Previous Year Rs. 55,399.12/- Lakhs).
17. The information as required under Micro, Small and Medium Enterprises Development Act, 2006 was called from relevant parties. In view of no response, no such information is furnished.
18. The Management is of the view of that the fixed assets of the Company are capable of generating adequate returns over their useful lives in the course of business. Therefore the assets are not impaired and do not call for providing any loss.
19. Related Party Disclosure: -
20. The Company has identified following parties for the purpose of Related Party Disclosure:
Subsidiary Companies: Holding (%)
Lahoti Spintex & Energy Limited 100
21. Varadan Limited 100
Entities in which KMP / relatives of KMP have significant influence:
PSWare Information Pvt.Ltd.
Bauble Investment Pvt.Ltd.
Bhalchandram Clothing Pvt.Ltd.
Step By Step Export Pvt.Ltd Parvati Textiles Pvt.Ltd.
Key Management Personnel (KMP):
Shri Umesh R. Lahoti - Managing Director Shri Ujwal R Lahoti - Executive Director Shri Aadhitya Lahoti - Director Shri Pradeep Bachhuka-Chief Financial Officer Smt.Gayahtri S.Iyer - Company Secretary Ms.Mrunal Vaidya- Company Secretary
22.. The company has taken effort to verify the closing balances of the sundry creditors / Debtors subject to pending confirmations.
23. Additional Disclosure pursuant to clause 32 of Listing Agreement, (Excepting for employees) is not applicable as there are no transactions in that nature.
24. Segment Reporting
25. Information about business segments (information provided in respect of revenue items for the year ended March 31, 2016 and in respect of assets/liabilities as at March 31, 2016)
26. Segment Reporting : Segment identification, reportable segments
27 Primary/secondary segment reporting format:
The risk-return profile of the company''s business is determined predominantly by the nature of its products and services. Accordingly, business segments constitute the primary segments for disclosure of segment information.
28. Segment Identification:
Business segment have been on the basis of nature of product/services, the ri-return profile of individual business.
29. Reportable Segment:
Reportable segment has been identified as per the criteria specified in Accounting Standard (AS) 17 "Segment Reporting Issued by the Institute of Chartered Accountants of India.
30. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amount and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.
Mar 31, 2015
1. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
2. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills
Discounted Rs. 2907.02 lakhs (Previous YearRs.6,045.35 lakhs).
b) Claims not acknowledged by the Company relating to cases contested
by the Company :
(Rs. In lakhs)
Sr. Particulars As at As at
No. March March
31, 2015 31, 2014
(I) Income Tax Matter 269.10 252.24
(Pending before
Appellate Authorities
in respect of which the
Company is in appeal)
3. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
4. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
5. Related Party Disclosure: -
i) The Company has identified following parties for the purpose of
Related Party Disclosure:
Subsidiary Companies: Holding (%)
Lahoti Spintex Limited 100
G. Varadan Limited 100
Entities in which KMP / relatives of KMP have significant influence:
PSWare Information Pvt.Ltd.
Bauble Investment Pvt.Ltd.
Bhalchandram Clothing Pvt.Ltd.
Step By Step Export Pvt.Ltd..
Parvati Textiles Pvt.Ltd.
Key Management Personnel (KMP):
Shri Umesh R. Lahoti - Managing Director
Shri Ujwal R Lahoti - Executive Director
Shri Aadhitya Lahoti - Director
Shri Pradeep Bachhuka-Chief Financial Officer
Smt.Gayahtri S.Iyer - Company Secretary
6. The company has taken effort to verify the closing balances of the
sundry creditors / Debtors subject to pending confirmations.
7. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is not applicable as there are no
transactions in that nature.
8. Segment Reporting : Segment identification, reportable segments
I) Primary/secondary segment reporting format:
The risk-return profile ofthe company's business is determined
predominantly by the nature of its products and services. Accordingly,
business segments constitute the primary segments for disclosure of
segment information.
ii) Segment Identification:
Business segment have been on the basis of nature of product/services,
the ri-return profile of individual business.
iii) Reportable Segment:
Reportable segment has been identified as per the criteria specified in
Accounting Standard (AS) 17 "Segment Reporting Issued by the Institute
of Chartered Accountants of India.
9. The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amount and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
Mar 31, 2014
A) Particulars of Security :
i) Primary: Exclusive charge on all the assets of the project including
cost of Land.
ii) Collateral: a) Hypothecation of a Wind Mill located at Dharmapuri
District, Tamil Nadu
b) Personal guarantee of Umesh Lahoti, Ujwal Lahoti and Aadhitiya
Lahoti Of the above, Installment of Year 2014-15 has been considered as
current maturities of long term debts and re-grouped accordingly under
Other Current Liabilities in March 2014 financials.
The loans from SBI, ICICI Bank, CITI Bank and DBS Bank are secured
against Hypothecation of Stock and Book Debts of the Company with pari
pasu clause.
1. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
2. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills
Discounted Rs. 6,045.35 lakhs (Previous Year Rs. 4,958.36lakhs).
b) Claims not acknowledged by the Company relating to cases contested
by the Company:
(Rs. In Lakhs)
As at As at
March March
31, 2014 31, 2013
Income Tax Matter 252.24 252.24
(Pending before
Appellate Authorities
in respect of which the
Company is in appeal)
3. Earning in Foreign Exchange:
FOB value of export: Rs. 67,667.24/- Lakhs (PreviousYear Rs.
49,419.14/- Lakhs).
4. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
5. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
6. Company has not been able to appoint a Company Secretary during
the year, In spite of its best efforts.
7. The company has taken effort to verify the closing balances of the
sundry creditors / debtors subject to pending confirmations.
8. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is not applicable as there are no
transactions in that nature.
9. Segment Reporting
a) Information about business segments (information provided in respect
of revenue items for the year ended March 31, 2014 and in respect of
assets/liabilities as at March 31,2014)
b) Segment Reporting : Segment identification, reportable segments
i) Primary/secondary segment reporting format:
The risk-return profile of the company''s business is determined
predominantly by the nature of its products and services. Accordingly,
business segments constitute the primary segments for disclosure of
segment information.
ii) Segment Identification:
Business segment have been on the basis of nature of product/services,
the ri-return profile of individual business.
iii) Reportable Segment:
Reportable segment has been identified as per the criteria specified in
Accounting Standard (AS) 17 "Segment Reporting Issued by the Institute
of Chartered Accountants of India.
10. The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amount and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
Mar 31, 2013
1. Reimbursement expected in respect of expenditure required to settle
a provision is recognised only when it is virtually certain that the
reimbursement will be received.
2. Contingent Liability is disclosed in case of:
i) A present obligation arising from past events, when it is not
probable that an outflow of resources will be required to settle the
obligation.
ii) a present obligation arising from past events, when no reliable
estimate is possible; and
3. Contingent assets are neither recognised, nor disclosed.
4. Provisions, Contingent liabilities and contingent assets are
reviewed at each Balance Sheet date.
5. Impairment of Assets
The carrying values of assets / cash generating units at each Balance
Sheet date are reviewed for impairment. If any indication of impairment
exists, the recoverable amount of such assets is estimated and
impairment is recognized, if the carrying amount of these assets
exceeds their recoverable amount. The recoverable amount is the
greater of the net selling price and their value in use. Value in use
is arrived at by discounting the future cash flows to their present
value based on an appropriate discount factor. When there is indication
that an impairment loss recognised for an asset in earlier accounting
periods no longer exists or may have decreased, such reversal of
impairment loss is recognised in the Statement of Profit and Loss
except in case of revalued assets.
6. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
7. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills
Discounted Rs. 4958.36 lakhs (Previous YearRs. NIL).
b) Contingent Liability in respect of Letter of Credit opened amounts
to Rs. 958.00 lakhs
c) Claims not acknowledged by the Company relating to cases contested
by the Company :
8. Earning in Foreign Exchange:
FOB value of export: Rs. 49,419.14/- Lakhs (Previous Year Rs. 21,673.86/-
Lakhs)
9. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
10. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
11. Related Party Disclosure: -
i) The Company has identified following parties for the purpose of
Related Party Disclosure:
Subsidiary Companies: Holding
(%) Lahoti Spintex Limited 100
G. Varadan Limited 100
Entities in which KMP / relatives of KMP have
significant influence:
PSWare Information Private Limited
Sri Laxmi Exports (Partnership Firm)
Kirti Stock Brokers Private Limited
Bauble Investment Private Limited
Hind Commerce Limited
Key Management Personnel (KMP):
Shri Umesh R. Lahoti - Managing Director
Shri Ujwal R Lahoti - Executive Director
Shri Aadhitiya Lahoti - Director
12. Company has not been able to appoint a Company Secretary during
the year, In spite of its best efforts.
13. The company has taken effort to verify the closing balances of the
sundry creditors / Debtors subject to pending confirmations.
14. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is not applicable as there are no
transactions in that nature.
Mar 31, 2012
A) Particulars of Security :
i ) Primary: First hypothecation/Mortgage charge on two wind power
machine at distt.Nandurbar, Maharatshtra created out of banks finance
ii) Collateral: Hypothecation/mortage charge on CompanyRs.s existing
windmill located at Village Salampalayam, erode, Tamil Nadu Of the
above, Installment of Year 2011-12 has been considered as current
maturities of long term debts and re-grouped accordingly under Other
Current Liabilities in F.Y 2010-11. As entire amount of term loan has
been repaid in the F.Y 2011- 12, no amount stands outstanding either as
current maturities or as long term liability.
1. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
2. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills
Discounted Rs. NIL (Previous Year Rs. NIL).
b) Claims not acknowledged by the Company relating to cases contested
by the Company :
(Rs. in lakhs)
As at As at
31-Mar-12 31-Mar-11
(i) Sales Tax Matter Nil 3.00
(ii) Income Tax 231.66 375.98
Matter (Pending
before Appellate
Authorities in
respect of which
the Company is in
appeal)
3. Earning in Foreign Exchange:
FOB value of export: Rs. 21,673.86/- Lakhs,
(Previous Year Rs. 29,442.38 Lakhs).
4. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
5. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
6. Company has not been able to appoint a Company Secretary during
the year, In spite of itRs.s best efforts.
7. The company has taken effort to verify the closing balances of the
sundry creditors / Debtors subject to pending confirmations.
8. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is not applicable as there are no
transactions in that nature.
b) Segment Reporting : Segment identification, reportable segments
i) Primary/secondry segment reporting formate: The risk-return profile
of the companyRs.s business is determined predominantly by the nature
of its products and services. Accordingly, business segments constitute
the primary segments for disclosure of segment information.
ii) Segment Identification :Business segment have been on the basis of
nature of product/services, the ri-return profile of individual
business.
iii) Reportable Segment: Reportable segment has been identified as per
the criteria specified in Accounting Standard (AS) 17 "Segment
Reporting Issued by the Institute of Chartered Accountants of India.
9 The previous yeRs figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amount and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
Mar 31, 2011
1. Reimbursement expected in respect of expenditure required to settle
a provision is recognised only when it is virtually certain that the
reimbursement will be received.
2. Contingent Liability is disclosed in case of
i) a present obligation arising from past events, when it is not
probable that an outfl ow of resources will be required to settle the
obligation.
ii) a present obligation arising from past events, when no reliable
estimate is possible; and
3. Contingent assets are neither recognised, nor disclosed.
4. Provisions, Contingent liabilities and contingent assets are
reviewed at each Balance Sheet date.
5 IMPAIREMENT OF ASSETS
An assets is treated as impaired when the carrying cost of assets
exceed its recoverable value. An impairment loss is charged to Profi t
and Loss Account in the year in which an asset is identifi ed by
management as impaired. The impairment loss recognised in prior
accounting period is reversed if there has been a change in the
estimate of recoverable amount.
1. The previous year's fi gures have been reworked, regrouped,
rearranged and reclassifi ed wherever necessary. Amount and other
disclosures for the preceding year are included as an integral part of
the current year fi nancial statements and are to be read in relation
to the amounts and other disclosures relating to the current year.
2. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
3. Contingent Liabilities:
a) Contingent Liabilities not provided for in respect of Bills
Discounted ? NIL (Previous Year RS. 117.91 Lakhs).
b) Claims not acknowledged by the Company relating to cases contested
by the Company :
(Rs. in lakhs)
As at As at
31-Mar-11 31-Mar-10
(i) Sales Tax 3.00 Nil
(ii) Income Tax (Pending before Appellate 375.98
Authorities in respect of which
the Company is in appeal)
9. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
10. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
12. Related Party Disclosure: -
i) The Company has identifi ed following parties for the purpose of
Related Party Disclosure:
Subsidiary Companies: Holding (%)
Lahoti Spintex Limited 100
G. Varadan Limited 100
Associate Companies:
Lahoti Terra Knitfab Limited NIL
(Ceased to be associate during the year)
Other Related Parties:
PSWare Information Private Limited
Sri Laxmi Exports (Partnership Firm)
Kirti Stock Brokers Private Limited
Bauble Investment Private Limited
Key Management Personnel:
Shri Umesh R. Lahoti - Managing Director
Shri Ujwal R Lahoti - Executive Director
Shri Aadhitiya Lahoti - Director
15. Company has not been able to appoint a Company Secretary during
the year, In spite of it's best efforts.
16. The company has taken effort to verify the closing balances of the
sundry creditors / Debtors subject to pending confirmations.
17. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is made under schedule "J" to the Accounts.
Mar 31, 2010
1. Reimbursement expected in respect of expenditure required to settle
a provision is recognised only when it is virtually certain that the
reimbursement will be received.
2. Contingent Liability is disclosed in case of
i) a present obligation arising from past events, when it is not
probable that an outflow of resources will be required to settle the
obligation.
ii) a present obligation arising from past events, when no reliable
estimate is possible; and iii) a possible obligation from past events
where the probability of outflow of resources is not remote.
3. Contingent assets are neither recognised, nor disclosed.
4. Provisions, Contingent liabilities and contingent assets are
reviewed at each Balance Sheet date.
L. IMPAIREMENT OF ASSETS
An assets is treated as impaired when the carrying cost of assets
exceed its recoverable value. An impairment loss is charged to Profit
and Loss Account in the year in which an asset is identified by
management as impaired. The impairment loss recognised in prior
accounting period is reversed if there has been a change in the
estimate of recoverable amount.
5. The previous years figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amount and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
6. In the opinion of Directors, Current Assets, Loans and Advances
have the value at which these are stated in the Balance Sheet, if
realized in the ordinary course of business and the provision for all
known liabilities is adequate and not in excess of or less than the
amount reasonably necessary.
7. Contingent Liabilities:
Contingent Liabilities not provided for in respect of:
a) Income tax matters Rs. 42.53 Lakhs
b) Bill Discounted Rs. 117.91 Lakhs (Previous Year Rs. 123.82 Lakhs)
8. Earning in Foreign Exchange:
FOB value, including third party export: Rs. 24,270.93/- Lakhs
(PreviousYear? 14,420.15 Lakhs)
9. The information as required under Micro, Small and Medium
Enterprises Development Act, 2006 was called from relevant parties. In
view of no response, no such information is furnished.
10. The Management is of the view of that the fixed assets of the
Company are capable of generating adequate returns over their useful
lives in the course of business. Therefore the assets are not impaired
and do not call for providing any loss.
11. Particulars in respect of opening stock, purchases, closing stock
and sales of goods traded during the period ended on March 31, 2010:
Key Management Personnel:
Shri Umesh R. Lahoti - Managing Director
Shri Ujwal R Lahoti - Executive Director
Shri Aadhitiya Lahoti - Jt. Executive Director
12. Company has not able to appoint a Company Secretary during the
year. In spite of its best efforts.
13. The company has taken effort to verify the closing balances of the
sundry creditors / Debtors subject to pending confirmations.
14. Additional Disclosure pursuant to clause 32 of Listing Agreement,
(Excepting for employees) is made under schedule "J" to the Accounts.
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