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Notes to Accounts of Shivalik Rasayan Ltd.

Mar 31, 2015

1. Corporate information

Shivalik Rasayan Limited was registered with the ROC, Gwalior, Madhya Pradesh under the Registration number 1498/79 dated 16/03/1979. In the year 1980 company shifted its registered office from Madhya Pradesh to Uttar Pradesh under the Registration number 6992/5041 dated 23/02/1980. Old Registration number has been converted into new Corporate Identification number (CIN) L24237UR1979PLC005041. Registered office of the company is situated in the state of Uttarakhand at Village Kolhupani, P.O.Chandanwari, Dehradun - 248007. The company is manufacturer of organophosphate insecticides such as Dimethoate Technical and Malathion Technical.

2. (CONTINGENT LIABILITES)

Particulars As at March 31, As at March 31, 2015 2014

Bank Guarantee given to Uttarakhand Environment & Pollution Control Board 2,00,000 2,00,000

Bank Guarantee given to Sales Tax Department 50,000 50,000

3. The Company has not received any confirmation from suppliers regarding their status of registration under the Micro, Small & Medium Enterprises Development Act, 2006 which came into effect from October 2, 2006 and hence disclosure required under the said act have not been given.

4. The Previous Year Figures have been reworked, regrouped, rearranged, reclassified and / or re-casted wherever deemed necessary to make them comparable with those of the current year's figures.


Mar 31, 2014

1. Contingent Liabilities - (as confirmed and certified by the management)

Guarantee issued by the Banker on behalf of the company Rs.2,00,000/- (Previous year Rs.2,00,000/-) to Uttaranchal Environment & Pollution Control Board, Dehradun.

2. In the opinion of the Management, the value on realization of current assets, loans and advances in the ordinary course of business WiFi not be less than the amount at which they are stated in the Balance Sheet.

3. As per direction of Institute of Chartered Accountants of India, net safes are shown after deducting excise duty paid thereon.

4. The company has pledged its fixed deposit receipts aggregating Rs.50,000/- (Previous Year Rs.50,000/-) with Punjab National Bank, Indira Nagar Branch, Dehradun as security against guarantee issued in favor of Sales-Tax Officer.

5. Additional information pursuant to the provisions of Schedule VI to the Companies Act, 1956.

(Certified by the management but not verified by the Auditors being technical matter)

6. Other Income Rs.2,43,957/- (Previous Year Rs.2,34,021/-) includes Sale of Unusable Stores Rs.1,05,000/- (Previous Year Rs. 1,70,273/-), Insurance Claim received Rs.85,647/- (Previous Year Rs.33,748/-), Other Miscellaneous Income Rs.53,310/- (Previous Year Rs.30,000/-) and Interest Rs.27,52,273/- (Previous Year Rs.27,52,273/-).

7. Related Parties Transactions

The company has not taken or given any loan to any companies or individual in which directors have significant influence.

8. Balance with banks other than Scheduled Banks in Current Account are as under:-

Current Year Previous Year Nil Nil

Maximum amount deposited at any time during the year was as under:-

9. Particulars in respect of car taken on lease required to be disclosed under the Accounting Standard 19 on ''Leases'' issued by Institute of Chartered Accountants of India.

a) Minimum lease payments outstanding Rs. Nil

b) Present value of minimum lease payments Rs. Nil

c) Amount Due Minimum lease payments Present value of minimum lease payments

(i) Not later than one year Rs. Nil Rs. Nil

(ii) Later than one year Rs. Nil Rs. Nil

10. As per management information, the Company is complying with all the regulations of Delhi Stock Exchange.

11. The company has not dealt with any organization covered under the "Micro, Small & Medium Enterprises Development Act, 2006" during the year as certified by the management.

12. Earnings per Share

The following is a computation of earnings per share and a reconciliation of the equity shares used in the computation of basic and diluted earnings per share.

13. Previous year figures have been recast / regrouped wherever necessary to confirm the classification adopted for the current year.


Mar 31, 2013

1. Contingent Liabilities -

(as confirmed and certified by the management)

Guarantee issued by the Banker on behalf of the company Rs.2,00,000/- (Previous year Rs. 2,00,000/-) to Uttaranchal Environment & Pollution Control Board, Dehradun.

2. In the opinion of the Management, the value on realization of current assets, loans and advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

3. As per direction of Institute of Chartered Accountants of India, net sales are shown after deducting excise duty paid thereon.

4. The company has pledged its fixed deposit receipts aggregating Rs.50,000/- (Previous Year Rs.50,000/-) with Punjab National Bank, Indira Nagar Branch, Dehradun as security against guarantee issued in favor of Sales-Tax Officer.

5. Additional information pursuant to the provisions of Schedule VI to the Companies Act, 1956.

6. Other Income Rs.2,34,021/- (Previous Year Rs.2,20,728/-) includes Sale of Unusable Stores Rs.1,70,273/-(Previous Year Rs.1,57,000/-), Insurance Claim received Rs.33,748/- (Previous Year Rs.14,728/-), Other Miscellaneous Income Rs.30,000/- (Previous Year Rs.49,000/-) and Interest Rs.27,52,273/- (Previous Year Rs.20,95,090/-).

7. Related Parties Transactions

The company has not taken or given any loan to any companies or individual in which directors have significant influence.

8. Balance with banks other than Scheduled Banks in Current Account are as under:- Current Year Previous Year Nil Nil

Maximum amount deposited at any time during the year was as under:- Nil Nil

9. Particulars in respect of car taken on lease required to be disclosed under the Accounting Standard 19 on ‘Leases'' issued by Institute of Chartered Accountants of India.

10. As per management information, the Company is complying with all the regulations of Delhi Stock Exchange.

11. The company has not dealt with any organization covered under the "Micro, Small & Medium Enterprises Development Act, 2006" during the year as certified by the management.

12. Earnings per Share

The following is a computation of earnings per share and a reconciliation of the equity shares used in the computation of basic and diluted earnings per share.

13. Previous year figures have been recast / regrouped wherever necessary to confirm the classification adopted for the current year.


Mar 31, 2012

1. Contingent Liabilities -

(as confirmed and certified by the management)

Guarantee issued by the Banker on behalf of the company Rs.2,00,000/- (Previous year Rs.2,00,000/-) to Uttaranchal Environment & Pollution Control Board, Dehradun.

2. Estimated amount of contracts remaining to the executed on capital account and not provided for Rs. Nil (Previous year Rs. Nil).

3. The Company has provided Rs.33,78,023/- as provision for Income Tax by debiting to Profit & Loss Account.

4. In the opinion of the Management, the value on realization of current assets, loans and advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

5. As per direction of Institute of Chartered Accountants of India, net sales are shown after deducting excise duty paid thereon.

6. The company has pledged its fixed deposit receipts aggregating Rs.50,000/- (Previous Year Rs.50,000/-) with Punjab National Bank, Indira Nagar Branch, Dehradun as security against guarantee issued in favor of Sales-Tax Officer.

7. Profit before tax of the Company for the Financial Year ended 31/03/2011 and 31/03/2012 was Rs. 88.18 Lakh and Rs.126.65 Lakh respectively. Company hopes to maintain its profitability in future also.

8. Commission for marketing the products of the company has been paid to the selling agents this year Rs.87,59,882/-(previous year Rs.70,88,264/-).

9. Additional information pursuant to the provisions of Schedule VI to the Companies Act, 1956.

(Certified by the management but not verified by the Auditors being technical matter)

10. Other Income Rs.2,20,728/- (Previous Year Rs.5,32,506/-) includes Sale of Unusable Stores Rs. 1,57,000/-(PreviousYearRs.4,50,730/-), Insurance Claim received Rs.14,728/- (Previous Year Rs.10,776/-), Other Miscellaneous Income Rs.49,000/- (Previous Year Rs.71,000/-) and Interest Rs.20,95,090/- (Previous Year Rs.9,85,253/-).

11. Related Parties Transactions

The company has not taken or given any loan to any companies or individual in which directors have significant influence.

12. Balance with banks other than Scheduled Banks in Current Account are as under-

Current Year Previous Year

Nil Nil

Maximum amount deposited at any time during the year was as under:-

Nil Nil

13. Particulars in respect of car taken on lease required to be disclosed under the Accounting Standard 19 on ''Leases'' issued by Institute of Chartered Accountants of India.

14. As per management information, the Company is complying with all the regulations of Delhi Stock Exchange.

15. The company has not dealt with any organization covered under the "Micro, Small & Medium Enterprises Development Act, 2006" during the year as certified by the management.

16. Earnings per Share

The following is a computation of earnings per share and a reconciliation of the equity shares used in the computation of basic and diluted earnings per share.

17. Previous year figures have been recast / regrouped wherever necessary to confirm the classification adopted for the current year.


Mar 31, 2011

1. Contingent Liabilities -

(as confirmed and certified by the management)

Guarantee issued by the Banker on behalf of the company Rs.2,00,000/- (Previous year Nil) to Uttaranchal Environment & Pollution Control Board, Dehradun.

2. Estimated amount of contracts remaining to the executed on capital account and not provided for Rs. Nil (Previous year Rs. Nil).

3. The Company has provided Rs.19,75,857/- as provision for Income Tax by debiting to Profit & Loss Account.

4. In the opinion of the Management, the value on realization of current assets, loans and advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

5. As per direction of Institute of Chartered Accountants of India, net sales are shown after deducting excise duty paid thereon.

6. The company has pledged its fixed deposit receipts aggregating Rs.50,000/- (Previous Year Rs.50,000/ -) with Punjab National Bank, Indira Nagar Branch, Dehradun as security against guarantee issued in favor of Sales-Tax Officer.

7. Profit before tax of the Company for the Financial Year ended 31/03/2010 and 31/03/2011 was Rs. 60.19 Lakh and Rs.88.18 Lakh respectively. Company hopes to maintain its profitability in future also.

8. Commission for marketing the products of the company has been paid to the selling agents this year Rs.70,88,264/- (previous year Rs.61,11,394/-).

9. Additional information pursuant to the provisions of Schedule VI to the Companies Act, 1956. (Certified by the management but not verified by the Auditors being technical matter)

10. Miscellaneous Income Rs.5,32,506/- (Previous Year Rs.4,81,750/-) includes Sale of Unusable Stores Rs. 4,50,730/- (Previous Year Rs.4,05,525/-), Insurance Claim received Rs.10,776/- (Previous Year Rs.2,225/-), Other Miscellaneous Income Rs.71,000/- (Previous Year Rs.74,000/-) and Interest Rs.9,85,253/- (Previous Year Rs.8,48,664/-).

11. Related Parties Transactions

The company has not taken or given any loan to any companies or individual in which directors have significant influence.

12. Balance with banks other than Scheduled Banks in Current Account are as under:- Current Year Previous Year Nil Nil

Maximum amount deposited at any time during the year was as under:- Nil Nil

13. Particulars in respect of car taken on lease required to be disclosed under the Accounting Standard 19 on ‘Leases'' issued by Institute of Chartered Accountants of India.

14. As per management information, the Company is complying with all the regulations of Delhi Stock Exchange.

15. The company has not dealt with any organization covered under the "Micro, Small & Medium Enterprises Development Act, 2006" during the year as certified by the management.

16. Earnings per Share

The following is a computation of earnings per share and a reconciliation of the equity shares used in the computation of basic and diluted earnings per share.

17. Previous year figures have been recast / regrouped wherever necessary to confirm the classification adopted for the current year.

 
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