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Notes to Accounts of Parker Agrochem Exports Ltd.

Mar 31, 2014

1. Previous Year figures have been regrouped / rearranged wherever considered necessary to make them comparable with the current year.

2. Figures have been rounded off to the nearest rupee.

3. The Breakup of Deferred Tax Liability (Net) As on 31-3-2014 as Under.

A. Deferred Tax Liabilities

(I) Timing Differences in Depreciable Assets

For Current Year Nil

B. Deferred Tax Assets 138942 Deferred Tax Liabilities (Net) 6417199

4. According to the AS-28 on "Impairment of Assets" issued by ICAI, the company has not made any provision for loss on impairment of assets as the carrying values of fixed assets are greater then their market value as explained to us by the company.

5. The company has disclosed Business Segment as the Primary Segment. Segments have been identified taking into account the nature of the products, the differing risks and return, the organization structure and internal reporting systems.

The Company Caters mainly to the needs of the domestic market. The company has not made any export sales during the year. As such there are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis.

The expenses, which are not directly attributable to the business segment, are shown as unallocated corporate cost.

Assets and Liabilities that can''t be allocated between the segments are shown as a part of unallocated corporate assets and liabilities respectively.

During the year under consideration there is not a single instance of inter segment transfer so the question of inter segment transfer pricing does not arise.

6. The company has no amounts payable to small scale industries undertaking in excess of X 100000/- and outstanding for a period of more than 30 days, as per information available with the company.

7 There are no micro, small and medium enterprises, to whom the companies owes dues, which are outstanding for more than 45 days as at the Balance sheet date, further the company has neither paid nor payable any interest to any MICRO, SMALL and MEDIUM Enterprises on the Balance sheet date. The above information has been determined to the extent such parties have been identified on the basis of information available with the company. This has been relied upon by the auditors.

8. A disclosure for contingent liability is made when there is possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made. Guarantees given by the Company''s bankers as at 31st March, 2014 in favour of parties are NIL and in respect of Bills discounted under L/C & DDP (Cheques) are also Nil.

9. Sundry Debtors, Creditors, Bank Balances, Loans & advances due or receivables etc are subject to their confirmations.

10. In the opinion of the Board, the Current Assets, Loans & Advances etc are approximately of the value stated, if realized in ordinary course of business. The Provision for depreciation and for all known liabilities are adequate and not in excess of the amount reasonably necessary.

11. Employees

(a) Who were employed for the full year & were in receipt of remuneration aggregating 7 60,00,000/- or more per year. No. of Employee NIL

(b) Who were employed for part of the year & were in receipt of remuneration aggregating to not less than 7 5,00,000/- per month is NIL

12. There are No debit balances of Companies, firms or other parties listed in the register maintained or in which the directors or their relatives are interested.


Mar 31, 2013

Company Overview: The Unit of the company is located at Plot No.3 & 4, Block ''H'' at Kandla Port, Kandla, Kutch District in the state of Gujarat. The Location of the unit is very Ideal as Kandla Port is Site Recognized by the Government authorities for Export. The Company has Developed Petroleum And Edible Oil storage tanks with Connecting Pipelines with Port jetty for directly Loading & Unloading ship. These Storage tanks are rented and the rental Income contributes to the Income of the Company. The company has in all fourteen Storage Tanks.

During the year the Company was involved in the business of trading in silver and commodity. However, the company continues to carry on the business of renting of storage tank.

1. Previous Year figures have been regrouped / rearranged wherever considered necessary to make them comparable with the current year.

2. Figures have been rounded off to the nearest rupee.

3. According to the AS-28 on "Impairment of Assets" issued by ICAI, the company has not made any provision for loss on impairment of assets as the carrying values of fixed assets are greater then their market value as explained to us by the company.

4. The company has disclosed Business Segment as the Primary Segment. Segments have been identified taking into account the nature of the products, the differing risks and return, the organization structure and internal reporting systems.

The Company Caters mainly to the needs of the domestic market. The company has not made any export sales during the year. As such there are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis.

The expenses, which are not directly attributable to the business segment, are shown as unallocated corporate cost.

Assets and Liabilities that can''t be allocated between the segments are shown as a part of unallocated corporate assets and liabilities respectively.

During the year under consideration there is not a single instance of inter segment transfer so the question of inter segment transfer pricing does not arise.

5. The company has no amounts payable to small scale industries undertaking in excess of Rs. 100000/- and outstanding for a period of more than 30 days, as per information available with the company.

6 There are no micro, small and medium enterprises, to whom the companies owes dues, which are outstanding for more than 45 days as at the Balance sheet date, further the company has neither paid nor payable any interest to any MICRO, SMALL and MEDIUM Enterprises on the Balance sheet date. The above information has been determined to the extent such parties have been identified on the basis of information available with the company. This has been relied upon by the auditors.

7. A disclosure for contingent liability is made when there is possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made. Guarantees given by the Company''s bankers as at 31st March, 2013 in favor of parties are NIL and in respect of Bills discounted under L/C & DDP (Cheques) are also Nil.

8. Sundry Debtors, Creditors, Bank Balances, Loans & advances due or receivables etc are subject to their confirmations.

9. In the opinion of the Board, the Current Assets, Loans & Advances etc are .approximately of the value stated, if realized in ordinary course of business. The Provision for depreciation and for all known liabilities are adequate and not in excess of the amount reasonably necessary.

10. Employees

(a) Who were employed for the full year & were in receipt of remuneration aggregating Rs. 60,00,000/- or more per year. No. of Employee NIL

(b) Who were employed for part of the year & were in receipt of remuneration aggregating to not less than Rs. 5,00,000/- per month is NIL

11. There are No debit balances of Companies, firms or other parties listed in the register maintained or in which the directors or their relatives are interested.


Mar 31, 2012

Company Overview: The Unit of I he company is located at Plot No. 3 & 4, Block 'H' at Kandla Port, Kandla, Kutch District in the sLale of Cjjarpt. 1 he Location of the unit is very Ideal as Kandla i'ort is Site Recognized by the Government authorities for Export The Company has Developed Petroleum And Edible Oil storage tanks with Connecting Pipelines with Port jetty for directly Loading & Unloading ship. These Storage tanks are rented and the rental Income contributes to the Income of the Company. The company has in all fourteen Storage Tanks,

Company was involved in the business of Silver, However, the company continues to carry on the Business of renting of Storage tank.

1. Previous Vear figjres havo been regrouped / rearranged wherever considered necessary to make them comparable with the current year.

2. figures have been rounded off to the nearest rupee,

3. The Breakup of Deferred Tax Liability (Net) As on 31-3-201Rs. as Under, A, Deferred Tax LiabiLilies

(I) Timing Differences in Depreciable Assets

For Current Year 39 284

ii. Deferred lax Assets Nil

Deferred Tax Liabilities (Net) 6558521

4. According to the AS-2B on "Impairment of Assets" issued by KAI, the company has not made any provision for loss on impairment of assets as tbe carrying values of fixed assets are greater then their market value as explained ta us by the company,

5. the company has disclosed Business Segment as the Primary Segment. Segments have been identified taking into account the nature of the products, the differing risks and return, the organization structure and internal reporting systems.

The Company mainly to needs of the domestic market. The company has not made any export sales during the year,' As such there are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis.

The expenses. which are not directly attributable to the business segment, aTe shown as unallocated corporate cost.

Assets and Liabilities thai can't te allocated between the segments arc shown as a part of unallocated corporate assets and liabilities respectively.

During the year under consideration there is not a single instance of inter segment transfer so the question of inter sooment transfer pricinq does not arise. 6 There are no micro, small and medium enterprises, Lo whom the companies owes dues, which are outstanding far more than 45 days as at the Balance sheet date, further the company has neither paid nor payable any interest to any MICRO, SMALL and MEDIUM Enterprises on the Balance sheet date. Tbe above information has been determined to the extent such parties have been identified on the basis of information available with the company. This has been relied upon by tbe auditors.

7. A disclosure for contingent LiabiLity is made when there is possible obligation or a present obligation that may, but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of ouLflow of resources is remote, no provision or disclosure is made. Guarantees given by the Company's bankers as at 31st March, 2012 in favour of parties are NIL and in respect of Bills discounted under L/C & DDP (Cheques) are also Nil

VII. SundTy Debtors, Creditors, Bank Balances, Loans & advances due or receivables etc are subject to their confirmations,

8. In the opinion of the Board, the Current Assets, Loans B Advances etc are approximately of the value slated, if realized in ordinary course of business, Ihe Provision for depreciation and for all known liabilities are adequate and not in excess of the amount reasonably necessary.

9. Employees

(a) Who were employed for the fulL year & were in receipt of remuneration aggregating or more per year No. of Employee NIL

(b) Who were employed for part of the year & were in receipt 61 remuneration aggregating to not loss than Rs. 5,00,000/- per month is NIL

10, There are No debit balances of Companies, firms-or other parties listed in the register maintained or in which the directors or their relatives are interested.

11. Ihe Company has incurred Rs.12,76.000/- towards Boundry Wall Earth Filling which is charged to the Statement of Profit & loss.

12, Additional Information Pursuant to Provisions of Part - II of - Schedule- VI to the Companies Act, 195S to the extent relevant.


Mar 31, 2010

1. These are consistent with generally accepted accounting practices.

2. Previous Year figures have been regrouped / rearranged wherever considered necessary to make them comparable with the current year.

3. Figures have been rounded off to the nearest rupee.

4. According to the AS-28 on "Impairment of Assets" issued by ICAI, the company has not made any provision for loss on impairment of assets as the carrying values of fixed assets are greater then their market value as explained to us by the company.

5. The company has disclosed Business Segment as the Primary Segment. Segments have been identified taking into account the nature of the products, the differing risks and return, the organization structure and internal reporting systems. The Company Caters mainly to the needs of the domestic market. The company has not made any export sales during the year. As such there are no reportable geographical segments. Segment Revenue, Segment Results, Segment Assets and segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis. The expenses, which are not directly attributable to the business segment, are shown as unallocated corporate cost. Assets and Liabilities that cant be allocated between the segments are shown as a part of unallocated corporate assets and Liabilities respectively.

During the year under consideration there is not a single instance of inter segment transfer so the question of inter segment transfer pricing does not arise.

6. The company has no amounts payable to small scale industries undertaking in excess of Rs.100000/- and outstanding for a period of more than 30 days, as per information available with the company.

7 There are no micro, small and medium enterprises, to whom the companies owes dues, which are outstanding for more than 45 days as at the Balance sheet date, further the company has neither paid nor payable any interest to any MICRO, SMALL and MEDIUM Enterprises on the Balance sheet date. The above information has been determined to the extent such parties have been identified on the basis of information available with the company. This has been relied upon by the auditors.

8. A disclosure for contingent liability is made when there is possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made. Guarantees given by the Companys bankers as at 31s1 March, 2010 in favour of parties are NIL and in respect of Bills discounted under L/C & DOP (Cheques) are also Nil.

9. Sundry Debtors, Creditors, Bank Balances, Loans & advances due or receivables etc are subject to their confirmations.

10. In the opinion of the Board, the Current Assets, Loans & Advances etc are approximately of the value stated, if realized in ordinary course of business. The Provision for depreciation and for all known liabilities are adequate and not in excess of the amount reasonably necessary.

11. Employees

(a) Who were employed for the full year & were in receipt of remuneration aggregating Rs.24,00,000/- or more per year. No. of Employee NIL

(b) Who were employed for part of the year 8, were in receipt of remuneration aggregating to not less than Rs.2,00,000/- per month is NIL

12. Additional Information Pursuant to Provisions of Part-II of - Schedule- VI to the Companies Act, 1956 to the extent relevant :

13. There are No debit balances of Companies, firms or other parties listed in the register maintained or in which the directors or their relatives are interested.

Notes (1) Previous Years Figures is shown in the Bracket.

(2) Gold Sales & Purchase and Silver Sales & Purchase and Castor Oil Sales & Purchase and USD sales & Purchase in Rs. Includes Future Sales, Spot Sales and future purchase and Spot Purchase also.

 
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