Mar 31, 2015
1. The Company has only one class of shares namely equity shares
comprising of nominal value of Rs 10 per equity shares. Each holder of
equity shares is entitled to one vote per share. The shareholders have
the right to receive interim dividends, if any, declared by the Board
of Directors and final dividends proposed by the Board of Directors and
approved by the shareholders. 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
preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders. The equity
shareholders have all other rights as available to the equity
shareholders as per the provisions of the Companies Act, 1956, read
together with the Memorandum of Association and Articles of Association
of the Company as applicable.
2. Out of 61,61,100 Equity shares issued subscribed and paid up,
13,60,000 Equity shares of Rs 10/- each have been issued and allotted
as fully paid bonus shares on 29th December 2007 by capitalisation of
General Reserves.
3. Short term borrowings from Banks represents working capital
borrowings by way of cash credit repayable on demand. They are secured
by hypothecation of raw-materials, work in progress, finished goods,
book debts and a part of plant and machineries, and additionally
secured by equitable mortgage by deposit of title deeds of land and
personal guarantees of promoter directors.
4. The Company has not accepted any deposits from public. The
deposits represents unsecured security deposits from dealers which will
be retained with the Company till such time the dealership arrangement
continues.
5. The Company has not borrowed any funds from related parties.
6.Related Party Transactions during the year ended 3f'March 2015:
1. Relationships
a. Key Management Personnel
Mr B. Popatlal Kothari - Managing Director
Mr P Kashyap Kothari - Factory Manager
b. Relatives of Key Managerial Personnel:
Mr P Nitya Kothari
7. The Company operates in a single segment and as such disclosures
under segmental reporting is not applicable.
8.The Depreciation on tangible assets have been re-computed based on
useful life of assets, under straight line method as prescribed under
Schedule II to the Companies Act, 2013. The re-computation has resulted
in the excess depreciation amounting to Rs 669810 being written off
against the assets as on 1 st April 2014 which has been adjusted
against the retaining earnings in the reserves as at the beginning of
the year.
Mar 31, 2014
1.1. CONTINGENT LIABILITIES
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
present obligation that the likelihood of outflow of resources is
remote, no provision or disclosure is made.
1.2. Related Party Transactions 1. Relationships
a. Key Management Personnel
Mr B. Popatlal Kothari - Managing Director Mr P Kashyap Kothari -
Factory Manager
b. Relatives of Key Managerial Personnel:
Mr P Nitya Kothari
1.3. The Company operates in a single segment and as such disclosures
under segmental reporting is not applicable.
1.4. The figures have been rounded off to the nearest rupee.
Mar 31, 2013
1.1. Related Party Transactions 1. Relationships
a. Key Management Personnel
Mr B. Popatlal Kothari - Managing Director Mr P Kashyap Kothari -
Factory Manager
b. Relatives of Key Managerial Personnel: Mr P Nitya Kothari
1.2. The Company operates in a single segment and as such disclosures
under segmental reporting is not applicable.
1.3. The figures have been rounded off to the nearest rupee.
Mar 31, 2012
1.01 The Company has only one class of shares namely equity shares
comprising of nominal value of Rs 10 per equity shares. Each holder of
equity shares is entitled to one vote per share. The shareholders have
the right to receive interim dividends, if any, declared by the Board
of Directors and final dividends proposed by the Board of Directors and
approved by the shareholders. 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
preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders. The equity
shareholders have all other rights as available to the equity
shareholders as per the provisions of the Companies Act, 1956, read
together with the Memorandum of Association and Articles of Association
of the Company as applicable.
1.02 Out of 47,60,000 Equity shares issued subscribed and paid up,
13,60,000 Equity shares of Rs 10/- each have been issued and allotted
as fully paid bonus shares on 29th December 2007 by capitalization of
General Reserves.
2.01 Short term borrowings from Banks represents working capital
borrowings by way of cash credit repayable on demand. They are secured
by hypothecation of raw-materials, work in progress, finished goods,
book debts and a part of plant and machineries, and additionally
secured by equitable mortgage by deposit of title deeds of land and
personal guarantees of promoter directors.
2.02 The Company has not accepted any deposits from public. The
deposits represents unsecured security deposits from dealers which will
be retained with the Company till such time the dealership arrangement
continues.
1.03 The Company has not borrowed any funds from related parties.
3.01 Out of the total amount shown under sundry creditors, an amount of
Rs 343435 is due to two small scale industrial unit which exceeds Rs
100,000 and which are due for more than 30 days. Names of the small
scale industrial undertakings (as compiled by the Company based on the
information available and relied upon by the Auditors) to whom the
Company owe a sum which is outstanding for more than 30 days are as
follows:
4.1..Related Party Transactions 1. Relationships
a. Key Management Personnel
Mr B. Popatlal Kothari - Managing Director
Mr P Kashyap Kothari - Factory Manager
b. Relatives of Key Managerial Personnel:
Mr P Nitya Kothari
Mrs Aanchal Kothari
4.2.. The Company operates in a single segment and as such
disclosures under segmental reporting is not applicable.
4.3. The figures have been rounded off to the nearest rupee.
4.4. The Revised Schedule VI has become effective from 1st April 2011
for the preparation of financial statements. Previous year's figures
have been regrouped/reclassified wherever necessary to correspond with
the current year's classification/disclosure.
Mar 31, 2010
1. Out of the total amount shown under sundry creditors, an amount of
Rs 7,93,521 is due to two small scale industrial unit which exceeds
rupees one lakh and which are due for more than 30 days. Names of the
small scale industrial undertakings (as compiled by the Company based
on the information available and relied upon by the Auditors) to whom
the Company owe a sum which is outstanding for more than 30 days are as
follows:
2. Related Party Transactions
1. Relationships
a. Key Management Personnel
B. Popatlal Kothari - Managing Director
P. Kashyap Kothari - Factory Manager
3. The Company operates in a single segment and as such disclosures
under segmental reporting is not applicable.
4. As per the requirements of AS-22, the company has accounted the
cumulative net deferred tax asset in respect of timing differences
between book and tax profit as on 31st March 2010 amounting to Rs 22245
and deferred tax (accrual) for the cur/ent year amounting to Rs. 200271
in the Profit and Loss Account.
5. The figures have been rounded off to the nearest rupee.
6. The figures pertaining to the previous year have been to conform
to current years classification.
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