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Notes to Accounts of Maximaa Systems Ltd.

Mar 31, 2015

1 Related Party Relationships

(a) Enterprises owned by : Shree Laxmi Industries Directors or Major Shareholders Adfac Laboratories Pvt Ltd where control exist Essenzaa Lifescience Ltd. Anukaran Commercial Enterprises Ltd

(b) Key Management Personnel : Mr.Mayur B. Shah Mr.Manoj B. Shah Mr.Mahesh B. Shah Dr. D.R.K. Reddy

(c) Relatives of Key management : Mrs. Shaila Manoj Shah personnel and their enterprises Ms. Shyama Reddy where transactions have Mr. Kunal Manoj Shah taken place Mr. Tarang Mayur Shah M/s Mahesh B Shah HUF M/s Mayur B Shah HUF


Mar 31, 2014

Note 1

a.Trade Payables includes Rs. 2,20,582/-( previous year Rs. 4,84,449/-) due to micro and small enterprises registered under the Micro, Small and Medium Enterprises Development Act,2006.

b.No Interest is paid / payable during the year to any enterprise register under the MSMEDA,2006

c.The above information has been determined to the extent such parties could be identified on the basis of the information available with the Company regarding the status of the suppliers under the MSMESA, 2006.


Mar 31, 2013

Note 1

a Trade Payable includes Rs. 4,84,449/- ( previous year Rs. 2,17,333/- due to micro and small enterprises registered under the Micro, Small and Medium Enterprises Development Act,2006.

b No Interest is paid / payable during the year to any enterprise register under the MSMEDA,2006

c The above information has been determined to the extent such parties could be identified on the basis of the information available with the Company regarding the status of the suppliers under the MSMESA, 2006.


Mar 31, 2012

Note 1: Long Term Borrowings

Nature of Security and Terms of Repayment for Long Term Secured Borrowings

Nature of Security : Term Loan amounting to Rs. 1,94,04,691/- ( Previous year Rs. Nil) is secured by exclusive and specific charge on the assets purchase under the loan for plant & machinery at Dharmpur.

Term of Repayment: Repayable In 84 equated monthly installments of Rs. 3,88,751/- from December 2011, Last Installment November 2018. Rate of 15.25% pa. as at year end. (Previous year Nil)

Nature of Security: Term Loan amounting to Rs. Nil (Previous year Rs. 52,36,5417-) is secured by exclusive and specific charge on the assets purchase under the loan for plant & machinery at GIDC, Gundlav.

Term of Repayment: Repayable in 46 Equated monthly installments of Rs. 2,08,834/- from October 2007 Last installment September 2011. Rate of 12.50% pa. as at year end. (Previous year 12.50%)

Note 2:

a. Trade Payable Includes Rs. 2,17,333/- (previous year Rs. 2,61,616/-) due to micro and small enterprises registered under the Micro, Small and Medium Enterprises Development Act, 2008.

b. No Interest is paid/payable during the year to any enterprise register under the MSMEDA, 2006.

c. The above information has been determined to the extent such parties could be identified on the basis of the information available with the Company regarding the status of the suppliers under the MSMESA, 2006.

Note 3: Related Party Disclosure (As identified by the Management)

1. Related Party Relationships

(a) Enterprises owned by Directors : Shree Laxmi Furniture or Major Shareholders where : Shree Laxmi Industries control exist : Adfac Laboratories Pvt. Ltd

(b) Key Management Personnel : Mr. Mayur B. Shah

: Mr. Manoj B. Shah

: Mr. Mahesh S. Shah

: Dr. D.R.K. Reddy

(c) Relatives of Key management personnel and their : Mrs. Shaila M. Shah enterprises where transactions have taken place : Ms. Shyama Reddy

: Mr. Kunal Manoj Shah

: Mr. Tarang Mayur Shah

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. Consequent to the notification under the Companies Act, 1956, the financial statements for the year ended 31st March , 2012 are prepared under revised Schedule VI. Accordingly, the previous year figure have also been reclassified to confirm to this year's classification.

5. The accounts of customers/suppliers are under reconciliation/confirmation end the same have been taken as per balances appearing in the books.. Any difference arising on account of such reconciliation, which are not likely to be material, will be accounted for as and when these reconciliation are completed,

6. Previews year's figures have been regrouped/reclassified wherever considered necessary.


Mar 31, 2010

A) RETIREMENT BENEFITS TO EMPOLOYELS:

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B) SOFTWEARE DEVELOPMENT EXPENSES:

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C) FORRIGN CURRENCY TRANSACTION:

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D) TAXES ON INCOME:

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NOTES:

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MAPARA FURNITURE PVT LTD (Charecter not visible)

 
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