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Notes to Accounts of National Peroxide Ltd.

Mar 31, 2016

Rights, Preference and Restrictions attached to Equity Shares

The Company has only one class of shares referred to as equity shares having a par value of '' 10 Each holder of equity shares is entitled to one vote per share.

The Company declares dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

In last 5 years, no classes of shares has been issued either by payment being received in cash or brought back nor bonus issues made by the Company.

1. SEGMENT INFORMATION

The Company operates in a single business segment i.e., Manufacturing of Peroxides. Also it operates significantly in a single geographic segment viz India. Therefore, information required by the Accounting Standard on “Segment Reporting” (AS) - 17 are not applicable.

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


Mar 31, 2014

1. SEGMENT INFORMATION

The Company operates in a single business segment i.e., manufacturing of Peroxygens. Also it operates significantly in a single geographic segment viz India. Therefore, information required by the Accounting Standard on "Segment Reporting" (AS) - 17 are not applicable.

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


Mar 31, 2013

1. SEGMENT INFORMATION

The Company operates in a single business segment i.e., Manufacturing of Peroxygens. Also it operates significantly in a single geographic segment viz India. Therefore, information required by the Accounting Standard on "Segment Reporting" (AS) - 17 are not applicable.

2. FOREIGN CURRENCY EXPOSURES

The Company has not taken any derivative instrument during the year and there is no derivative instrument outstanding as at the year end. The year end foreign currency exposures that were not hedged by a derivative instrument, or otherwise are given below.

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


Mar 31, 2012

(i) The Board of Directors at its meeting held on 14th May, 2012 has recomended a dividend of Rs 12/- per equity share.

(ii) Additional Tax on dividend credit taken, Rs 4.24 Lakhs (Previous Year Rs 22.75 lakhs), pertains to the dividend tax paid by the Subsidiary Company on the dividend paid to Company as per Section 115(O)(1A) of the Income Tax Act, 1961.

1. CONTINGENT LIABILITIES AND COMMITMENTS

(a) Estimated amount of Contracts remaining to be executed on Capital Account and not provided for 23.76 1,469.88

(b) Other Commitment

The Company has entered into a long term agreement with GAIL (India) Limited (GAIL) for purchase of Natural Gas. The agreement is valid till 30th April, 2028. As per the said agreement, the Company under 'Take or Pay obligation' clause has to make payment for a fixed quantity of gas on an annual basis, whether used or not. However the shortfall can also be adjusted against the next year's consumption. GAIL has the discretion to waive off the said Take or Pay charges. Till date GAIL has not levied such charges and the Company also does not foresee any liability on this account in the near future - -

(c) Excise Duties - 'Pending in appeal- matters decided against the Company (the Company is not estimating any cash outflow relating to this matter) 11.50 11.50

2. SEGMENT INFORMATION

The Company operates in a single business segment i.e., Manufacturing of Peroxygens. Also it operates significantly in a single geographic segment viz India. Therefore, information required by the Accounting Standard on "Segment Reporting" (AS) - 17 are not applicable.

3. FOREIGN CURRENCY EXPOSURES

The Company has not taken any derivative instrument during the year and there is no derivative instrument outstanding as at the year end. The year end foreign currency exposures that were not hedged by a derivative instrument, or otherwise are given below.

4. The Revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2011

As at As at 31.03.2011 31.03.2010 Rs. in 000 Rs. in 000

1. Contingent Liabilities:

(a) Estimated amount of Contracts remaining to be executed on Capital Account and not provided for against which advance paid Rs. 62,850 thousand (Previous year Rs. 2,300 thousand) 146,988 37,015

(b) Excise Duties – Pending in appeal-matters decided against the Company 1,150 1,150

2. Out of the Deferred Revenue Expenditure recognised prior to 1st April 2003, Rs. 711 thousand (Previous Year Rs. 932 thousand) has been charged to the Profit and Loss Account upon payment.

3. (a) The identification of vendors as a "Supplier" under Micro, Small and Medium Enterprises Development. Act, 2006 has been done on the basis of information to the extent provided by the vendors to the company. This has been relied upon by the auditors.

(b) Sundry Creditors include Rs. 4 thousand (Previous Year Rs. 3 thousand) payable to "Suppliers" registered under the Micro, Small and Medium Enterprises Development Act, 2006. There is no principal amount overdue nor any interest has been paid / payable by the Company during the year to the "Suppliers" covered under the Micro, Small and Medium Enterprises Development Act, 2006. The above information takes into account only those suppliers who have responded to the inquiries made by the Company for this purpose.

4. Segment Information:

The Company operates in a single business segment i.e., Manufacturing of Peroxygens. Also it operates significantly in a single geographic segment viz India. Therefore, information required by the Accounting Standard on "Segment Reporting" (AS) – 17 are not applicable.

5. Sundry expenses include an amount of Rs. Nil (previous year – Rs. 83 thousand) paid to a firm in which partners of the audit firm are partners.

6. Additional Tax on dividend 2009-10 credit taken, Rs. 2,275 thousand (Previous Year Rs. Nil), pertains to the dividend tax paid by the Subsidiary Company on the dividend paid to Company as per Section 115(O)(1A) of the Income Tax Act, 1961.

7. Previous years figures have been regrouped where necessary to conform to current years presentation.


Mar 31, 2010

As at As at 31.03.2010 31.03.2009 Rs.in 000 Rs.in 000 1.Contingent Liabilities:

(a)Estimated amount of Contracts remaining to be executed on Capital Account and not provided for (against 37,015 1,608 which advance paid Rs.2,300 thousand (Previous Year Rs.205 thousand)

(b)Income-tax matters in respect of earlier years under dispute as follows: Pending in appeal-matters decided against -- 4,772 the Company

(c)Excise Duties -Pending in appeal- matters decided against the Company 1,150 1,150

2.Out of the Deferred Revenue Expenditure recognised prior to 1st April,2003,Rs.932 thousand (Previous Year Rs.871 thousand) has been charged to the Profit and Loss Account upon payment.

3.(a)"The identification of vendors as a "Supplier"under Micro,Small and Medium Enterprises Development Act,2006 has been done on the basis of information to the extent provided by the vendors to the company.This has been relied upon by the auditors.

(b)Sundry Creditors include Rs.3 thousand (Previous Year Rs.Nil)payable to "Suppliers"registered under the Micro,Small and Medium Enterprises Development Act,2006.There is no principal amount overdue nor any interest has been paid /payable by the Company during the year to the "Suppliers"covered under the Micro,Small and Medium Enterprises Development Act,2006.The above information takes into account only those suppliers who have responded to the inquiries made by the Company for this purpose.

4.Segment Information:

The Company operates in a single business segment i.e.,Manufacturing of Peroxygens.Also it operates significantly in a single geographic segment viz India.Therefore,information required by the Accounting Standard on "Segment Reporting"(AS)-17 has not been furnished.

5.Sundry expenses includean amount of Rs.83 thousand (Previous Year -Rs.88 thousand)paid to a firm inwhich partners of the audit firm are partners.

6.Previous years figures have been regrouped where necessary to conform to current years presentation.

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