Mar 31, 2015
1. Terms / Rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
2. Raw - materials consumed includes materials used for Job Work, which
is very insignificant.
3. Previous year figures have been recast/restated to confirm to the
classification of the current period.
4. Balance of Debtors, Creditors, Un-Secured Loan, Advances and Bank's
Outstation Collection Accounts are subject to confirmation &
reconciliation if any.
5. Related Party Disclosure
Disclosures as required by Accounting Standard 18 are given below:
Nature of Relationship Name of Related Party
Key Management Personnel Anil B Patel
Kunal A Patel
Other Parties which significantly Anupam Trading Company
Influence/are influenced by the H S Bhatt
Company (either individually
or with others)
Aman Enterprises
OM Suntronics Converting
Equipments
Kalpvrux Converting Products
Pvt Ltd
Stag Print P Ltd
The following transaction were carried out with the Related Parties in
Ordinary course of business.
Notes:
1 The above Cash flow statement has been prepared under the indirect
method as set out in the AS - 3 Cash Flow Statements issued by the
Institute of Chartered Accountant of India.
2 Cash and cash equivalents for the purposes of financial statement
comprise cash in hand, balances with bank and Fixed deposits with bank
as per Note No -14.
3 Purchase of fixed assets includes movements of capital
work-in-progress (including Capital Advances) during the year.
4 Previous Year figures have been regrouped when necessary to conform
to the year's classification.
Mar 31, 2014
1. Share Capital
a) Terms/Rights attached to equity shares
The Company has only one class of equity shares having a par value of ''
10 per share. Each holder of equity shares is entitled to one vote per
share.
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
2. Term Loans
a) Term Loan - HDFC Term Loan - Rs. 2.94 lacs (PY Rs. 3.74) secured by
way of Hypothecation of Car of the Company. The Loan is repayable in
equal monthly instalments each of Rs. 0.10 lacs along with Interest @
12% p.a.
b) Term Loan - HDFC Term Loan II Rs. 6.61 lacs (PY Rs. 12.59 lacs)
secured by way of Hypothecation of Car of the Company. The Loan is
repayable in equal monthly instalments each of Rs. 0.58 lacs along with
Interest @ 10% p.a.
c) Term Loan - HDFC Term Loan III Rs. 1.64 lacs (PY Rs. 3.11) secured
by way of Hypothecation of Car of the Company. The Loan is repayable in
equal monthly instalments each of Rs. 0.14 lacs along with Interest @
11.01% p.a.
d) Term Loan - HDFC Term Loan IV Nil (PY Rs. 4.13 lacs) secured byway
of Hypothecation of Car of the Company. The Loan is repayable in equal
monthly instalments each of Rs. 0.39 lacs along with Interest @ 8.00%
p.a.
e) Term Loan - HDFC Term Loan V Rs. 23.88 lacs (PY Nil) secured by way
of Hypothecation of Car. The Loan is repayable in equal monthly
instalments each of Rs. 0.90 lacs along with Interest @ 10.00% p.a.
f) Term Loan - HDFC Term Loan VI Rs. 10.00 lacs (PY Nil) secured by way
of Hypothecation of Car. The Loan is repayable in equal monthly
instalments each of Rs. 0.32 lacs along with Interest @ 10.25% p.a.
g) Term Loan - Axis Bank Term Loan I Rs. 1.01 lacs (PY Rs. 2.42 lacs)
secured by way of Hypothecation of Car of the Company. The Loan is
repayable in equal monthly instalments each of Rs. 0.13 lacs along with
Interest @ 9.00% p.a.
h) Term Loan IV- Bank of Baroda Rs. 79.95 (PY Rs. 95.89 lacs) secured
by way of Hypothecation of Plant & Machinery of the of the Company.
Repayable in 60 monthly instalments of Rs. 2.92 lacs, interest rate @
4.25% above Base Rate (i.e. 15%).
i) Term Loan - Kotak Mahindra Bank Ltd Rs. 61.44 lacs (PY Rs. 32.04
lacs) are clean business loan secured by way of personal guarantee of
the directors of the company. The Loan is repayable in equal monthly
instalments each of Rs. 1.79 lacs along with Interest @ 11.01% p.a.
j) Term Loan - Tata Capital Ltd Rs. 36.32 lacs (PY Rs. 11.49 lacs) are
clean business loan secured by way of personal guarantee of the
directors of the company. The Loan is repayable in equal monthly
instalments each of Rs. 1.06 lacs along with Interest @ 11.01% p.a.
k) Term Loan - Magma Fincap Rs. 36.32 lacs (PY Nil) are clean business
loan secured by way of personal guarantee of the directors of the
company. The Loan is repayable in equal monthly instalments each of Rs.
1.58 lacs along with Interest @ 16.01% p.a.
l) All the facilities (funded & Non-funded) are further guaranteed by
the Directors of the Company.
3. Short Term Liabilities
a) Working capital loans are secured by Hypothecation of entire raw
materials, stock-in-process, stores & spares, packing materials,
finished goods and Book-debts of the Company, both present & future.
Interest is charged @ 4.25% above Base Rate (i.e. 15%).
4. Trade Payables
As informed to us, the company has not received any intimation from
suppliers regarding their status under any Micro, Small and Medium
Enterprises Development Act, 2006 and hence disclosures, if any,
relating to amounts unpaid as at the year end together with the
interest paid/payable as required under the said Act has not been
given.
5. Related Party Disclosure
Disclosures as required by Accounting Standard 18 are given below:
Nature of Relationship Name of Related Party
Key Management Personnel Anil B Patel
Kunal B Patel
Other Parties which significantly Anupam Trading Company
Influence/are influenced by the
Company (either individually or H S Bhatt
with others)
Stag Print P Ltd
6. Contingent Liabilities not provided for
Guarantee given by the banks for which the Company has given counter
guarantee amounting to Rs. Nil (PY Rs. Nil).
Letter of Credit issued for purchase of Raw Materials Rs. Nil (PY Rs.
Nil).
7. Raw - materials consumed includes materials used for Job Work, which
is very insignificant.
8. Previous year figures have been recast/restated to confirm to the
classification of the current period.
9. Balance of Debtors, Creditors, Un-Secured Loan, Advances and Bank''s
Outstation Collection Accounts are subject to confirmation &
reconciliation if any.
Mar 31, 2013
1 Contingent Liabilities not provided for
Guarantee given by the banks for which the Company has given counter
guarantee amounting to Nil (PY Nil) Letter of Credit issued for
purchase of Raw Materials Nil (PY Nil)
Raw - materials consumed includes materials used for Job Work, which is
very insignificant hence not reported separately.
2 SSI Creditors
As required by the notification No. GSR 376 Â E dated 22.05.2002 ,
issued by the Department of Company affairs, ministry of Law Justice
and Company affairs Small Scale Industrial Undertaking to whom the
company owes a sum which is outstanding for more than 30 days at the
Balance Sheet date are Hindustan Tube, Ramdev Paper Box Ind., Stag
Print P Ltd., Sundry Creditors  Schedule-6)These information
determined on the basis of information available with the company.
3 Previous period figures have been recast/restated to confirm to the
classification of the current period.
4 ''Balance of Debtors, Creditors, Un-Secured Loan, Advances and Bank''s
Outstation Collection Accounts are subject to confirmation &
modification,
Mar 31, 2011
1 Corresponding figures of previous year have been regrouped /
rearranged to confirm with current year's grouping whenever necessary.
2 Balances of Debtors, Creditors and unsecured loans are subject to
confirmation and reconciliation.
3 The company is accounting Purchase, Sales and Inventories in
accordance with the provisions of section145A of The Income Tax Act,
1961 by including in the same, the amount of taxes, duties and other
sums irrespective of the fact that the rebate for the same is
available. The same method is not accordance with the guidance note
issued by the ICAI. However, non-adherence to the said guidance has no
impact on the Profit or Loss of the company for the period under
consideration.
4 Contingent Liabilities not provided for Rs. Nil Check o/s L/C & Bank
guarantee Nil
5 Remuneration to Auditors Audit & Tax audit Fees Rs. 0.62 Lacs (Rs.
0.52 Lacs)
6 SSI Creditor!
Balance of Debtors, Creditors, Un-Secured Loan, Advances and Bank's
Outstation Collection Accounts are subject to confirmation &
modification, As required by the notification No. GSR 376 - E dated
22.05.2002, issued by the Department of Company affairs , ministry of
Law Justice and Company affairs Small Scale Industrial Undertaking to
whom the company owes a sum which is outstanding for more than 30 days
at the Balance Sheet date are Hindustan Tube Ramdev Paper Box lands
Royal Inks and Resins P Ltd., Sundry Creditors - Schedule- 13)These
information determined on the basis of information available with the
company.
We have reviewed the attached Cash Flow Statement of PURITY FLEXPACK
LTD. For the year ended on 31st March 2001 The preparation of the Cash
Flow Statement is the responsibility of the Company. Our responsibility
is to express our ' opinion on the Cash Flow Statement based on our
review.
In our opinion the said Cash Flow Statement which is derived from
financial statement of the company for that year read together with the
notes thereon is in accordance with the requirement for cash flow
Statements prescribed by the Security ' and Exchange Board of India.
Mar 31, 2010
1 Corresponding figures of previous year have been regrouped /
rearranged to confirm with current years grouping whenever necessary.
2 Balances of Debtors, Creditors and unsecured loans are subject to
confirmation and reconciliation.
3 The company is accounting Purchase, Sales and Inventories in
accordance with the provisions of section 145A of the Income Tax Act,
1961 by including in the same, the amount of taxes, duties and other
sums Irrespective of the fact that the rebate for the same Is
available.The same method is not accordance with the guidance note
issued by the ICAI. However, non-adherence to the said guidance has no
impact on the Profit or Loss of the company for the period under
consideration.
4 Contingent Liabilities not provided for Rs. Nil Check, o/s L/C & Bank
guarantee Nit
5 Tax / FBT Provision 0.00 Lacs (Rs 0.87 Lacs)
6 Rernuneration?to Auditors Audit & Tax audit Fees Rs. 0.52 Lacs {Rs.
032 Lacs)
7 SSI Creditors
Balance of Debtors, Creditors, Un Secured Loan, Advances and Banks
Quotation Collection Accounts are subject to confirmation &
modification, As required by the notification No. GSR 376 - E dated
22.0S.2002, issued by the Department of Company affairs, ministry of
Law Justice and Company affairs Small Scale Industrial Undertaking to
whom the company owes a sum which is outstanding for more than 30 days
at the Balance Sheet date are Excel Paper Core, Hindustan Tube, New
Momai engg., Ramdev Paper Box Ind., Pelican Poly & Pallets, Royal Inks
and Resins P Ltd., Sundry Creditors - These information determined on
the basis of Information available with the company.