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Notes to Accounts of Sampre Nutritions Ltd.

Mar 31, 2014

Corporate information

The Company is into the activity of manufacturing of Sugar Candies. The principal place of business is situated at 133, APIIC Industrial Estate, Medchal-500 401, RR Dist, Telangana.

1. Contingent liabilities not provided for in respect of:

a. The company is in receipt of assessment order of Sales Tax for the years 05-06 & 06-07 by not considering the Input tax on the materials which were used in the Job works, against the said assessment order, the company has preferred for appeal before the Deputy Commissioner of Sales Tax, Hyderabad. The Company is expecting a favorable result from the appellate authority.

2.Secured Loans:

a. The loans under hire purchase schemes are secured by hypothecation of vehicles owned by the company for Rs. 36.16 Lakhs

b. M/s Sampre Nutritions Ltd. has received Rs. 1 Crore as Secured loan by primarily secured by first charge on Plot situated between Plot No. 133 & 135, APIIC, Industrial Estate, Medchal belongs to Sampre Nutritions Ltd.

3. The sundry debtors, current assets, loans and advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated by the company.

4. The company has corresponded with old debtors and creditors and the dues which were neither recoverable nor payable have been written off during the year. Still there are some parties from which the company is yet to receive confirmations in respect of balances outstanding in sundry debtors and creditors.

5. As per the information available with the company, it appears that no dues outstanding for more than 30 days in excess of Rs.1,00,000/- as on 31st March 2014 in respect of Small Scale Industrial Undertakings. It is reported that there are no specific claims on the company from the small scale industrial supplier under the "Interest on Delayed Payments to small Scale and Ancillary Industrial Undertaking Act, 1993" during the said year.

8. There are no debts outstanding as on 31st March 2014 from Directors or other officers of the company other than imprest cash in order to meet running expenses.

9. Segment Reporting:

The company''s business consists of one primary reportable business segment of manufacturing and sale of sugar boiled candies and toffees with manufacturing facility at single place and consists of major revenue on account of Processing charges, no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard – 22.

10.Deferred Tax Liability:

Deferred tax liability as on 01.04.2014 due to timing differences between financial statements and taxation statements based on the return of income filed by the company as per applicable rate of taxation, estimated has been shown under Deferred Tax Liability in Balance Sheet as per the procedure prescribed in the Accounting Standard – 22.

11. Earnings per Share (EPS)

The earnings considered in ascertaining the company''s Earnings per share comprise of net profit after tax. The number of shares used in computing Basic earnings per share is the weighted average number of shares outstanding during the year. The numerators and denominators used to calculate earnings per share.

12. Taxes on income

The company made necessary provision for income tax and fringe benefit tax as per the provisions of income tax act, 1961.

13. Disclosure as required by Accounting Standard 18 (AS – 18)

"Related Party Disclosures" issued by the Institute of Chartered Accountants of India are as follows:

Name of the related parties and description of relationship

a) Associates: M/s. Royes Industries Limited

M/s. Naturalle Health Products Pvt. Ltd.

b) Key Managerial Personnel Shri Brahma K Gurbani (MD)

Smt. Meera B Gurbani (Director)

15. Previous year''s figures have been re grouped / and or re arranged wherever necessary to confirm with the current year classification.

16. Provision for accruing liability for Super Annuation / Retirement benefits have been made in the basis of the liability as actually determined as at the year end.

17. Depreciation has been provided on straight line method in accordance with the provision of companies act, 1956.

18. There were no employees drawing remuneration of Rs.60.00lacs or more per annum or Rs.5.00 lacs or more per month, if employed for part of the year.

19. Paisa is rounded off to nearest rupee.

20. Micro and Medium Scale Business Entities:

There are no micro, small and medium enterprises, to whom the company over dues, which are outstanding for more than 45 days as at 31st March 2014. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.


Mar 31, 2013

Notes 1-2

Corporate information

The Company is into the activity of manufacturing of Sugar Candies. The principal place of business is situated at 133, APIIC Industrial Estate, Medchal-500 401, RR Dist, Andhra Pradesh.

1. Contingent liabilities not provided for in respect of:

a. The company is in receipt of assessment order of Sales Tax for the years 05-06 & 06-07 by not considering the Input tax on the materials which were used in the Job works, against the said assessment order, the company has preferred for appeal before the Deputy Commissioner of Sales Tax, Hyderabad. The Company is expecting a favorable result from the appellate authority.

2. Secured Loans:

a. The loans under hire purchase schemes are secured by hypothecation of vehicles owned by the company

b. The working capital loan of Rs.26.50 Lakhs from AXIS Bank is primarily secured by first charge on stocks procured against confirmed orders / LC, hypothecation of book debts and export bills and collaterally secured by second charge on the fixed block of the company.

3. The sundry debtors, current assets, loans and advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated by the company.

4. The company has corresponded with old debtors and creditors and the dues which were neither recoverable nor payable have been written off during the year. Still there are some parties from which the company is yet to receive confirmations in respect of balances outstanding in sundry debtors and creditors.

5. As per the information available with the company, it appears that no dues outstanding for more than 30 days in excess of Rs.1,00,000/- as on 31st March 2013 in respect of Small Scale Industrial Undertakings. It is reported that there are no specific claims on the company from the small scale industrial supplier under the "Interest on Delayed Payments to small Scale and Ancillary Industrial Undertaking Act, 1993" during the said year.

6. There are no debts outstanding as on 31st March 2013 from Directors or other officers of the company other than imprest cash in order to meet running expenses.

7. Segment Reporting:

The company''s business consists of one primary reportable business segment of manufacturing and sale of sugar boiled candies and toffees with manufacturing facility at single place and consists of major revenue on account of Processing charges, no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard – 22.

8. Deferred Tax Liability:

Deferred tax liability as on 01.04.2013 due to timing differences between financial statements and taxation statements based on the return of income filed by the company as per applicable rate of taxation, estimated has been shown under Deferred Tax Liability in Balance Sheet as per the procedure prescribed in the Accounting Standard – 22.

9. Earnings per Share (EPS)

The earnings considered in ascertaining the company''s Earnings per share comprise of net profit after tax. The number of shares used in computing Basic earnings per share is the weighted average number of shares outstanding during the year. The numerators and denominators used to calculate earnings per share.

10. Taxes on income

The company made necessary provision for income tax and fringe benefit tax as per the provisions of income tax act, 1961.

11. Previous year''s figures have been re grouped / and or re arranged wherever necessary to confirm with the current year classification.

12. Provision for accruing liability for Super Annuation / Retirement benefits have been made in the basis of the liability as actually determined as at the year end.

13. Depreciation has been provided on straight line method in accordance with the provision of companies act, 1956.

14. There were no employees drawing remuneration of Rs.60.00lacs or more per annum or Rs.5.00 lacs or more per month, if employed for part of the year.

15. Paisa is rounded off to nearest rupee.

16. Micro and Medium Scale Business Entities:

There are no micro, small and medium enterprises, to whom the company over dues, which are outstanding for more than 45 days as at 31st March 2013. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

17. ADDITIONAL INFORMATION pursuant to provisions of para 3, 4C and 4D of part II Schedule VI of the Companies Act, 1956.


Mar 31, 2010

1. Contingent liabilities not provided for in respect of

a. The company is in receipt of assessment order of Sales Tax for the years 05-06 & 06-07 by not considering the Input tax on the materials which were used in the Job works, against the said assessment order, the company has preferred for appeal before the Deputy Commissioner of Sales Tax, Hyderabad. The Company is expecting a favorable result from the appellate authority.

2. Secured Loans

a. The loans under hire purchase schemes are secured by hypothecation of vehicles owned by the company

b. The working capital loan of Rs.168lakhs from AXI Bank is primarily secured by first charge on stocks procured against confirmed orders / LC, hypothecation of book debts and export bills and collaterally secured by second charge on the fixed block of the company.

c. The working capital limits of and Rs.150lakhs from SBI, Commercial Branch, Koti, Hyderabad is secured by exclusive first charge on stock of Raw Materials, Stock in process, Finished Goods and receivables of the company pertaining to the project of Micronutrient Initiative and collaterally secured by companys plot of land in between plot no.33 & 137 admeasuring 2119.8 Sq. Mtrs. In S. No. 865/2 situated in Industrial Estate, Medchal RR Dist besides second charge onentire other current assets of the company (Other than charged to UTI Bank Ltd, Begumpet, Hyderabad).

3. The sundry debtors, current assets, loans and advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated by the company.

4. The company has corresponded with old debtors and creditors and the dues which were neither recoverable nor payable have been written off during the year. Still there are some parties from which the company is yet to receive confirmations in respect of balances outstanding in sundry debtors and creditors.

5. As per the information available with the company, it appears that no dues outstanding for more than 30 days in excess of Rs. 1,00,000/- as on 3.1st March 2009 in respect of Small Scale Industrial Undertakings. It is reported that there are no specific claims on the company from the small scale industrial supplier under the "Interest on Delayed Payments to small Scale and Ancillary Industrial Undertaking Act, 1993" during the said year.

6. There are no debts outstanding as on 31st March 2010 from Directors or other officers of the company other than imprest cash in order to meet running expenses.

7. Traveling expenses includes Rs.4,18,188 (Previous year Rs.3,60,701/-) towards Directors traveling out of which Directors foreign travel expenses is to the tune of Rs. NIL (Previous year Rs.38,771).

8. Segment Reporting

The companys business consists of one primary reportable business segment of manufacturing and sale of sugar boiled candies and toffees with manufacturing facility at single place and consists of major revenue on account of Processing charges, no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard - 17.

9. Deferred Tax Liability

Deferred tax liability as on 01.04.2009 due to timing differences between financial statements and taxation statements based on the return of income filed by the company as per applicable rate of taxation, estimated at Rs.3,37,992(Net) has been shown under Deferred Tax Liability in Balance Sheet as per the procedure prescribed in the Accounting Standard - 22.

10. Earnings per Share (EPS)

The earnings considered in ascertaining the companys Earnings per share comprise of net profit after tax. The number of shares used in computing Basic earnings per share is the weighted average number of shares outstanding during the year. The numerators and denominators used to calculate earnings per share.

11. Taxes on income and Fringe Benefit

The company made necessary provision for income tax and fringe benefit tax as per the provisions of income tax act, 1961.

12. Disclosure as required by Accounting Standard -18

"Related Party Disclosures" issued by the Institute of Chartered Accountants of India are as follows:

Name of the related parties and description of relationship

a) Associates: M/s. Royes Industries Limited

M/s. Naturalle Health Products Pvt. Ltd.

M/s. Taraka Foods and Confectionery Pvt. Ltd.

b) Key Managerial Personnel Shri Brahma K Gurbani (MD)

Smt Meera B Gurbani (Director)

c) Details of transactions during the year

13. Previous years figures have been re grouped / and or re arranged wherever necessary to confirm with the current year classification.

14. Provision for accruing liability for Super Annuation / Retirement benefits have been made in the basis of the liability as actually determined as at the year end.

15. Depreciation has been provided on straight line method in accordance with the provision of companies act, 1956.

16. There were no employees drawing remuneration of Rs.24.00lacs or more per annum or Rs.2.00lacs or more per month, if employed for part of the year.

17. Paisa is rounded off to nearest rupee.

18. Micro and Medium Scale Business Entities

There are no micro, small and medium enterprises, to whom the company over dues, which are outstanding for more than 45 days as at 31st March 2010. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such pfarties have been identified on the basis of information available with the company.


Mar 31, 2009

1. Contingent liabilities not provided for in respect of:

a. The company is in receipt of assessment order of Sales Tax for the years 05-06 & 06-07 by not considering the Input tax on the materials which were used in the Job works, against the said assessment order, the company has preferred for appeal before the Deputy Commissioner of Sales Tax, Hyderabad. The Company is expecting a favorable result from the appellate authority.

2. Secured Loans:

a. The loans under hire purchase schemes are secured by hypothecation of vehicles owned by the company

b. The working capital loan of Rs.168lakhs from AXI Bank is primarily secured by first charge on stocks procured against confirmed orders / LC, hypothecation of book debts and export bills and collaterally secured by second charge on the fixed block of the company.

c. The working capital limits of and Rs.150lakhsfrom SBI, Commercial Branch, Koti, Hyderabad is secured by exclusive first charge on stock of Raw Materials, Stock in process, Finished Goods and receivables of the company pertaining to the project of Micronutrient Initiative and collaterally secured by companys plot of land in between plot no.33 & 137 admeasuring 2119.8 Sq. Mtrs. In S. No. 865/2 situated in Industrial Estate, Medchal RR Dist besides second charge on entire other current assets of the company (Other than charged to UTI Bank Ltd, Begumpet, Hyderabad).

3. The sundry debtors, current assets, loans and advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated by the company.

4. The company has corresponded with old debtors and creditors and the dues which were neither recoverable nor payable have been written off during the year. Still there are some parties from which the company is yet to receive confirmations in respect of balances outstanding in sundry debtors and creditors.

5. As per the information available with the company, it appears that no dues outstanding for more than 30 days in excess of Rs. 1,00,000/-as on 31st March 2009 in respect of Small Scale Industrial Undertakings. It is reported that there are no specific claims on the company from the small scale industrial supplier under the "Interest on Delayed Payments to small Scale and Ancillary Industrial Undertaking Act, 1993" during the said year.

6. There are no debts outstanding as on 31st March 2009 from Directors or other officers of the company other than imprest cash in order to meet running expenses.

7. Traveling expenses includes Rs.4,18,188 (Previous year Rs.3,60,701/-) towards Directors traveling out of which Directors foreign travel expenses is to the tune of Rs. NIL (Previous year Rs.38,771).

8. Segment Reporting:

The companys business consists of one primary reportable business segment of manufacturing and sale of sugar boiled candies and toffees with manufacturing facility at single place and consists of major revenue on account of Processing charges, no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard -17.

9. Deferred Tax Liability:

Deferred tax liability as on 01.04.2009 due to timing differences between financial statements and taxation statements based on the return of income filed by the company as per applicable rate of taxation, estimated at Rs.3,37,992(Net) has been shown under Deferred Tax Liability in Balance Sheet as per the procedure prescribed in the Accounting Standard - 22.

10. Earnings per Share (EPS)

The earnings considered in ascertaining the companys Earnings per share comprise of net profit after tax. The number of shares used in computing Basic earnings per share is the weighted average number of shares outstanding during the year. The numerators and denominators used to calculate earnings per share.

11. Taxes on income and Fringe Benefit

The company made necessary provision for income tax and fringe benefit tax as per the provisions of income tax act, 1961.

12. Disclosure as required by Accounting Standard 18 (AS - 18)

"Related Party Disclosures" issued by the Institute of Chartered Accountants of India are as follows:

Name of the related parties and description of relationship

a) Associates: M/s. Royes Industries Limited

M/s. Naturalle Health Products Pvt. Ltd.

M/s. Taraka Foods and Confectionery Pvt. Ltd.

b) Key Managerial Personnel Shri Brahma K Gurbani (MD)

Smt Meera B Gurbani (Director)

13. Previous years figures have been re grouped / and or re arranged wherever necessary to confirm with the current year classification.

14. Provision for accruing liability for Super Annuation / Retirement benefits have been made in the basis of the liability as actually determined as at the year end.

15. Depreciation has been provided on straight line method in accordance with the provision of companies act, 1956.

16. There were no employee drawing remuneration of Rs.24.00lacs or more per annum or Rs.2.00lacs or more per month, if employed for part of the year.

17. Paisa is rounded off to nearest rupee.

18. Micro and Medium Scale Business Entities:

There are no micro, small and medium enterprises, to whom the company over dues, which are outstanding for more than 45 days as at 31 March 2009. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such p[arties have been identified on the basis of information available with the company.

 
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