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Notes to Accounts of Mapro Industries Ltd.

Mar 31, 2015

Mapro Industries Ltd. (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchange (BSE). During the year, the company has been engaged in the execution of civil construction contracts through sub-contracting. The company carries out its activity in domestic markets only.

Note 1: Contingent Liabilities and Commitments to the extent not provided for

31st March 2015 31st March 2014

(a) Contingent Liabilities

- Estimated amount of contracts remaining to be executed on Capital accounts and not provided for Nil Nil

(b) Commitments Nil Nil

(c) Estimated Liability in respect of appeal by DGCEI before CEGAT Nil Nil

Note 2: Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

The Company is in the process of identifying the suppliers, who would be covered under the Micro, Small and Medium Enterprises Development Act, 2006. In this process the Company has given notice to its vendors/ suppliers to inform about whether any of them are registered under the said Act. The Company has not yet received any information about such registration from the vendors. Such information will be provided as and when confirmation is received from them.


Mar 31, 2014

Note 1: Corporate Information

Mapro Industries Ltd. (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchange (BSE). During the year, the company has been engaged in the execution of civil construction contracts through sub-contracting. The company carries out its activity in domestic markets only.

Note 2: Contingent Liabilities and Commitments to the extent not provided for

As at As at 31st March 2014 31st March 2013

(a) Contingent Liabilities

- Estimated amount of contracts remaining to be executed on Capital accounts and not provided for Nil Nil

(b) Commitments Nil Nil

(c) Estimated Liability in respect of appeal by DGCEI before CEGAT Nil Nil



Note 3: Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006.

The Company is in the process of identifying the suppliers, who would be covered under the Micro, Small and Medium Enterprises Development Act, 2006. In this process the Company has given notice to its vendors/ suppliers to inform about whether any of them are registered under the said Act. The Company has not yet received any information about such registration from the vendors. Such information will be provided as and when confirmation is received from them.

Note 4:

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

Note 5: Employee Benefits

The company has not accounted for gratuity and other Long Term and Short Term retirement benefits payable to the employees.

Note 6: Related Parties, Related Party Transactions and Balances receivable/payable as at the end of the year 29.a: Related Parties

Description of relationship Names of related parties

Enterprises under common control Nil

Joint Ventures & Associates Mapro Gases Ltd.

Mapro Ventures Ltd.

Key Management Personnel (KMP) Umesh Kumar Kanodia

Atul Kumar Sultania Gopalkrishna Balkrishna Somani

Relatives of KMP Nil

Company in which KMP / Relatives of KMP can

exercise significant influence Nil

Related parties have been identified by the management.


Mar 31, 2013

1 Leasehold Land and Buildings at Panvel and Office Premises at Nariman Point transferred to Mapro Gases Ltd and Mapro Ventures Ltd respectivly pursuant to Demerger Scheme approved in the process of transfer by Hon''ble Bombay High Court are stiH

2 DISCLOSURE UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

Company do not have any information regarding suppliers / service providers covered under Micro, Small and Medium Enterprises Devlopment Act, 2006. Hence, information required to be disclosed u/s 22 of the said act is not given.

3 CONTINGENT LIABILW

During the year 2001-02 there was a Search by the Office of Directorate General of Central Excise Intelligence (DGCEI).The Appeal against the Demand was decided by the Appalate Commissioner in Company''s favour but the Department has filed an Appeal before CEGAT. However the Company do not expect any liability in this respect.

4 SEGMENT REPORTING

The Company has no other segment.So disclosure under AS 17 for segment reporting is not applicable.

5 Additional information required vide Part II of Schedule VI of Companies Act, 1956 are either nil or not applicable

6 Previous year''s figures are regrouped / reclassified / re-arranged whenever necessary so as to be in confirmity with the figures of the current year


Mar 31, 2011

1) Contingent Liabilities:

i) Counter Guarantee given to Bankers for issuance of Bank Guarantee Rs Nil (Previous Year Rs Nil)

2) No provision for liability for leave encashment has been made since the same is accounted consistently on cash basis. Amount not ascertained.

3) Balance of Debtors / Creditors and Advances are subject to confirmation and reconciliation if any. However in the opinion of Management current assets and loans & advances will have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet

4) During the year 2001-02 there was a Search by the Office of Directorate General of Central Excise Intelligence "" (DGCEI). The Appeal against the Demand was decided by the Appellate Commissioner in Company's favour, but the Department has filed an Appeal before CEGAT. However the Company do not expect any liability in this respect.

5) The company has no plans to abandon its adopted areas of present operation/business in the immediate future nor does it have any plans/intentions that will result in an impairment of its capital assets

6.The Company has no other segment. So disclosure under AS 17 for segment reporting is not applicable.

7. Company do not have any information regarding suppliers / service providers covered under Micro, Small and Medium Enterprises Development Act, 2006. Hence, information required to be disclosed u/s 22 of the said act is not given.

8. Related party disclosures for the year ended 31st March, 2011 A. Related party and their relationship (as identified by the Management)

9. Cash Flow statement as per AS-3 is annexed.

10. Earning per Share -

11. The Deferred Tax liability as per AS-22-Accounting for Tax on Income

12. Amounts in brackets represents the figures of previous year.

13. Previous Years figures have been regrouped / rearranged wherever found necessary.


Mar 31, 2010

1) Contingent Liabilities:

i) Counter Guarantee given to Bankers for issuance of Bank Guarantee Rs Nil (Previous Year Rs Nil)

2) No provision for liability for leave encashment has been made since the same is accounted consistently on cash basis. Amount not ascertained.

3) Balance of Debtors / Creditors and Advances are subject to confirmation and reconciliation if any. However in the opinion of Management current assets and loans & advances will have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet

4) During the year 2001-02 there was a Search by the Office of Directorate General of Central Excise Intelligence "" (DGCEI). The Appeal against the Demand was decided by the Appalate Commissioner in Companys favour, but the Department has filed an Appeal before CEGAT. However the Company do not expect any liability in this respect.

5) The company has no plans to abandon its adopted areas of present operation/business in the immediate future nor does it have any plans/intentions that will result in an impairnment of its capital assets

6.The Company has no other segment.So disclosure under AS 17 for segment reporting is not applicable.

7. Company do not have any information regarding suppliers / service providers covered under Micro, Small and Medium Enterprises Devlopment Act, 2006. Hence, information required to be disclosed u/s 22 of the said act is not given.

8. Related party disclosures for the year ended 31st March, 2010 A. Related party and their relationship (as identified by the Management)

9. Cash Flow statement as per AS-3 is annexed.

10. Earning per Share -

11. The Deferred Tax liability as per AS-22-Accounting for Tax on Income

12. In the absence of Taxable Income & Book Profit under MAT no provision for Income Tax has been made.

13. Amounts in brackets represents the figures of previous year.

14. Previous Years figures have been regrouped / rearranged wherever found necessary.

 
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