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Notes to Accounts of Neil Industries Ltd.

Mar 31, 2015

(a) Related Party Disclosures as required in terms of Accounting Standard AS 18

Relationships (Related Party relationship are as identified by the Company)

(a) Holding Company : N. A.

(b) Subsidiary Company : N. A.

(c) Fellow Subsidiary Company : N. A.

(d) Associates : N.A.

(e) Key Management Personnel :

1) Arvind Kumar Mittal

2) Rajesh Bajpai

3) Vivek Awasthi

4) Pinki Yadav

5) Chandra Kant Dwivedi

6) Vaibhav Agnihotri

(f) Relative of Key Management Personnel: : N.A.

(b) Transaction with Related Party

Year Ended

1) Director Remuneration Paid to Keymanagement 3/31/2015 3/31/2014 personnel

Arvind Kumar Mittal 275,000 -

2) Legal Fees paid to Director Vaibhav Agnihotri 4,200

( c) The Company has not received any intimation from its suppliers regarding their status under The Micro, Small and Medium Enterprise Development Act, 2006 and hence no disclosure required under the said Act can be made.

(d) There was no impairment loss on Fixed Assets on the basis of review carried out by the Management in accordance with the Accounting Standard 28 issued by The Institute of Chartered Accountants of India.

(a) Riqhts.preference.repavabilitv and restriction, if any, on equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.


Mar 31, 2014

(a) Rights.preference.repavabilitv and restriction, if any, on equity shares The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.


Mar 31, 2013

Related Party Disclosures as required in terms of Accounting Standard AS 18

Relationships (Related Party relationship are as identified by the Company)

(a) Holding Company : N.A.

(b) Subsidiary Company : N.A.

(c) Fellow Subsidiary Company : N.A.

(d) Associates : N.A.

(e) Key Management Personnel : 1. ARVIND KUMAR MITTAL

2. SANDEEP SHARMA

(f) Relative of Key Management Personnel : N.A.

1. The Company has not received any intimation from its suppliers regarding their status under The Micro, Small and Medium Enterprise Development Act, 2006 and hence no disclosure required under the said Act can be made.

2. There was no impairment loss on Fixed Assets on the basis of review carried out by the Management in accordance with the Accounting Standard 28 issued by The Institute of Chartered Accountants of India.

3. The entire operations of the company relate to only one segment viz. Export of Garments as such, there is no separate reportable segment under Accounting Standard - AS 17 on Segment Reporting.

4. The balances of sundry debtors, creditors and loans & advances are subject to confirmation.

5. Share Capital

(a) Rights, preference, repayability and restriction, if any, on equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

6. Earnings Per Share (EPS):

Earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders, by the weighted average number of equity shares outstanding during the period.


Mar 31, 2012

1. SHARE CAPITAL

(a) Rights, preference, repayability and restriction, if any, on equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.