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Notes to Accounts of Modi Udyog Ltd.

Mar 31, 2015

A DUES TO MICRO AND SMALL ENTERPRISES AS DEFINED UNDER THE MSMED ACT 2006

Based on the representations made to us by the management of the Company, there are no dues to entities defined as Micro and Small Enterprises under Micro, Small and Medium Enterprises Development Act, 2006.

B SEGMENT REPORTING

The Company doesn't fall in any of the category of entereprises as mentioned in AS -17 "Segment reporting" notified by Companies (Accounting Standards) Rules, 2006, so the company is not required to apply this Accounting Standard.

C In the opinion of the Board of Directors, the Current Assets, Loans & Advances have a avalue on realisation in the ordinary course of business at not less than the amount at which they are stated in the accounts. Adequate provisions have been made for all known losses and liabilities

D Certain balances of Trade Receivables, Trade Payables, Unsecured Loans & Advances are subject to confirmation.

CORPORATE INFORMATION

MODI UDYOG LIMITED (the Company) is a Public Limited company domiciled in India and! incorporated under the provisions of the Companies Act, 2013 listed in BSE Limited, The Calcutta' Stock Exchange Limited and The Metropolitan Stock Exchange of India Limited.


Mar 31, 2014

A. DUES TO MICRO AND SMALL ENTERPRISES AS DEFINED UNDER THE MSMED ACT 2006

Based on the representations made to us by the management of the Company, there are no dues to entities defined as Micro and Small Enterprises under Micro, Small and Medium Enterprises Development Act, 2006.

B. SEGMENT REPORTING

The Company doesn''t fall in any of the category of entereprises as mentioned in AS -17 "Segment reporting" notified by Companies (Accounting Standards) Rules, 2006, so the company is not required to apply this Accounting Standard.

C. In the opinion of the Board of Directors, the Current Assets , Loans & Advances have a avalue on realisation in the ordinary course of business at not less than the amount at which they are stated in the accounts. Adequate provisions have been made for all known losses and liabilities

D. Certain balances of Trade Receivables, Trade Payables, Unsecured Loans & Advances are subject to confirmation.

CORPORATE INFORMATION

MODI UDYOG LIMITED (the Company) is a Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 listed in Bombay Stock Exchange and Calcutta Stock Exchange

F Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

Contingent Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

G There are no Micro, Small and Medium Enterpises (MSMEs) as defined in the Micro, Small, Medium Enterprises Development Act, 2006 within the appointed date during the year and no MSMEs to whom the Company owes dues on account of principal amount together with interest at the balance sheet date and hence no additional disclosures have been made.

H The Company is a small and medium sized company (SMC) as defined in the general instructions in respect of accounting standards notifed under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a small and medium sized Company.

I PREVIOUS YEAR FIGURES

Revised Schedule VI notified under the Companies Act 1956, has become applicable to the company, for preparation and presentation of its financial statements, from the financial year commencing on or after 1st April 2011. In view of the same, the Company has reclassified the previous year figures in accordance with the requirements applicable in the current year.


Mar 31, 2013

Not Available.


Mar 31, 2011

(a)The company did not owe any amounts to Small Scale Industrial Undertakings outstanding for more than 30 days as on the Balance Sheet date.

(b)Based on the information/ documents available with the Company, no creditors is covered under the "The Micro, Small and Medium Enterprises Development Act, 2006". As a result, no interest provision / payments have been made by the Company to such creditors, if any,'' and no disclosure thereof are made in these accounts.

(c)"The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act 1956 Accordingly, the Company has complied with the Accounting Standards as are applicable to Small and Medium Sized Company.

(f) Previous year''s figures have been regrouped and/or rearranged wherever considered necessary.

(g)Information regarding Balance Sheet, Abstract and Company''s General Business Profile pursuant to part IV of Schedule VI to the Companies Act, 1956 is annexed herewith.

Signature to the Schedules forming part of the Balance Sheet and Profit and Loss Account.

 
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