Home  »  Company  »  Natura Hue Chem  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Natura Hue Chem Ltd.

Mar 31, 2014

1. Previous year''s figures have been regrouped wherever necessary to confirm to this year''s classifications

2. In the opinion of the management there is no such event occurred after the date of Balance sheet, which needs to be adjusted in these accounts.

3. In the opinion of the Board, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance sheet.

4. There were no employee at any time during the year drawing Rs.500000/- or more per month.

5. No. of employees in the company is not more than 10. Hence Gratuity Act and ESIC Act is not applicable.

Since the no. of employees is less than 20, Provident fund Act is also not applicable.

6. Segment Reporting

a) Business Segment: - The Company has considered business segment as the primary segment to disclose. The company is engaged in the rendering Cargo handling Services, which the context of AS-17 is issued by the Institute of Chartered Accountants of India, is considered the only business segments.

b) Geographical Segment: - The Company provides Services within India. The condition prevailing in India being uniform No Separate geographical segment disclosure is considered necessary.

7. Deferred Tax:-

In accordance with the Accounting Standard -22 "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, the company has accounted for deferred tax during the period. The cumulative net deferred tax assets of Rs. 22611.00 as on 31st March 2014 have been recognized. Consequently the excess Deferred Tax assets of Rs 1087.00 has been recognized & debited to Profit & Loss account.

8. Related Party disclosure: -

Disclosures as required by accounting standard 18 (AS-18) related party '' disclosures issued by the institute of chartered accountants of India are as follows and description of relationship.

a. Name of related parties

I. Subsidiaries - NIL

ii. Key management personal

1. Shri Ravi Kamra, Director

2. Shri Ravindra Pokharna, Director

3. Shri Rishi Dave, Director .

4. Shri Satyawati Parashar, Director

5. Shri Laxmi Narayan Kachavat, Director

6. Shri Mansoor Ahmed, Director

iii. Relative of key management personnel where transaction have been taken place during the year.

1. New Era Alkaloids & Export Limited ''

Transaction with related parties referred to above in ordinary course of business.

(Rs. in Lakhs)

9. In respect of Micro / Small / Medium Enterprises Development Act, 2006, certain disclosure is required to make relating to Micro / Small / Medium Enterprises. The company could not get relevant information from its supplier about their coverage under the Act since the relevant information is not readily available, no disclosure have been made in the account. Hence disclosure, if any, relating to amounts unpaid as at the yearend together With interest paid/ payable as required under the said act have not been made

10. No interest has been recognized for the Earnest Money deposited with SBI.


Mar 31, 2013

1.Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax assets / (liabilities) of Rs.23,697.00

2. As on 31st March'' 2013 has been recognized and adjusted from Profit & Loss A/c.

4. Figures have been rounded of nearest Rupees & regroup rearranged as compare to previous year, wherever felt necessary.

5 In the opinion of the Management, the Current Assets, Loans Advices and Deposits approximately of the value stated if realized in the ordinary course of business & provisions for all known habitués“ not in excess of amount considered necessary. There are no coming liabilities However, there is a contingent asset, earnest money(25 /» of the big along given to State Bank of India(SBI) for participating in auction ft* purchasing M/s Sessile Power & Engineering Pvt. Ltd'' b“* subs “" y Company not deposited the balance amt. within the specified time & as; per that the auction, the amount already deposited by us is liable o forfeited The reason for non-payment of balance 75 /out. was use valid reason i.e. theft of some items from the plant site after depositing o earnest money, which resulted in substantial decline in the value of the plant machinery from the amt quoted by us in bid

The company treated the money as Deposit since the Company has filed case against SBI, Stressed Assets Management Branch, Bhopal for the management has virtual certainty that the verdict will be favor of the Company.

6. There were no employee at any time during the year drawing Rs.5,00,000/- or more per month.

7. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

8 Notes “1" to "20" Form an integral part of the Balance Sheet and Statement of Profit & Loss have been duly authenticated.

The company has only one class equity shares having par value of Rs 10 per share. Each equity share is entitled to one vote.

II Detail of shareholders holding more than 5% shares in (the Company

None of the members held more the 5% shares of the company during the year.

AS the Company/ "cliudin8its resister shareholders / members and other declaration received from shareholders readme beneficial interest the above shareholding representing both legal add beneficial ownership of shares.


Mar 31, 2012

1. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

2. .In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization in the ordinary course of bus at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities.

3. There were no employee at any time during the year drawing Rs.5,00,000/- or more per month.

4. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.


Mar 31, 2011

1. Deferred Tax: In accordance with the Accounting Standard - 22 'Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April' 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax' assets / (liabilities) of Rs. 16967.49.00 as on 31st March' 2011 has been recognized and adjusted from Profit & Loss A/c.

2. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

3. In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization- in the ordinary course of business,, at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities. '

4. There were no employee at any time during the year drawing Rs.2,00,000.00 or more per month.

5. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

6. Schedule A" to "R" Form an integral part of the Balance Sheet and Statement of Pre-operative Expenditure and have been duly authenticated.

7. Details required to be given as per the clause 4, 4A, 4B 4C and 4D of the Schedule VI of the Companies Act, 1956 :


Mar 31, 2010

1. Deferred Tax; In accordance with the Accounting Standard - 22 "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April' 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax assets / (liabilities) of Rs.20222.00 as on 31st March' 2010 has been recognized and adjusted from Profit & Loss A/c.

2. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

3. In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization in the ordinary course of business, at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities.

4. There were no employee at any time during the year drawing Rs,2,00,000.00 or more per month.

5. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

6. Schedule "A" to "P" Form an integral part of the Balance Sheet and Statement of Pre-operative Expenditure and have been duly authenticated.

 
Subscribe now to get personal finance updates in your inbox!