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Notes to Accounts of Shree Shaleen Textiles Ltd.

Mar 31, 2015

Not available


Mar 31, 2014

Contigent Liability Nil Nil

1 : Dues to Micro, Small and Medium Enterprises

Dues to Micro and Small Enterprises have been determined to the extent such parties have been Identified on the basis of information collected by the Management. Tiis has been relied upon by the auditors.

2 : Related party transactions Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP) and their relatives Mr. Revikant Sharma - Director

Mr. Madhu Sharma - Director Mr. Arunkumar Saboo - Director

Mr. Ankur Bhinda - Director

- Relatives of KMP Mrs. Uma Ravikant Sharma *

Mrs. Sarlta Sharma

Companies in which KMP & Lawson Trading Co P Ltd their relatives are Directors Ever comfort Travels I Ltd

Shekh3wati Syntex P Ltd

Note: Related parties have been identified by the Management.

3: Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties:

4 : Previous year''s figures

Previous year''s figures have been regrouped/reclassifled wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2013

Particulars For the year For the year ended 31 March, 2013 ended 31 March, 2012

1 : Contingent liabilities Nil Nil

2 : Dues to Micro, Small and Medium Enterprises

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

3 : Previous year''s figures

Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2012

1 Corporate information

Shree Shaleen Textiles Limited (The Company) is a public company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exhange of India.

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. Each holder of equity shares is entitled to one vote per share.

Particulars For the year For the year ended 31 ended 31 March,2012 March, 2011

Note 2 Contingent liabilities Nil Nil

Note 3 Dues to Micro, Small and Medium Enterprises

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors

Note 4 Previous year's figures

The Revised Schedule VI has became effective from April 01, 2011 for the preparation of financial statements. This significantly impacted the disclosure and presentaion made in financial statements. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2011

1 Provision for taxation is not made in accounts, since total income is below taxable income.

2 The expenses are accounted on the basis of internal or external vouchers authorized by the Assessed. For verification we relied on such internal vouchers where supporting vouchers are not available.

3. a. Sundry creditors do not include any amount due to Micro, Small & Medium Enterprises.

b. Based on the information so far available with the Company in respect of MSME (as defined in the Micro, Small & Medium Enterprises Development Act, 2006) there are no delays in payment of dues to such enterprises during the year and there is no such dues payable at the year end.

4. Some of the debit and credit balances are taken at book figures and are subject to confirmation.


Mar 31, 2010

1. TAXATION:

Provision for Income Tax, comprising current tax is made as per Income tax act 1961.

2. SEGMENTAL REPORTING:

The accounting policies applicable to the reportable segment are the same as those used in the preparation of the financial statements as set out above.

Segment revenue expenses includes amounts which can be directly Identifiable to the segment or allocable on a reasonable basis.

Segment assets include all operating assets used by the segment and consist primarily of debtors, inventories and fixed assets, segment liabilities include all operating liabilities and consist primarily of creditors and statutory liabilities.

3. INVESTMENTS:

a. Investments are shown at acquisition cost which includes brokerage and stamp Charges.

b. Investments are stated at cost. Dividend income is accounted in the year in which it is received.

c. Investments are stated at cost less amount written off when there is a Permanent diminution in values.

d. Investments are stated at cost except where the value has depreciated and provided for; the same is stated at Depreciated Value.

e. Investments are stated at cost and income there from is accounted on accrual basis. Adjustments towards appreciation or diminution in the market/intrinsic value of these investments are made at the time of disposal.

f. Quoted investments are stated at cost. Unquoted investment is shown at Cost. Income from these investments is credited to revenue on accrual basis.

g. Unquoted investments held on a long term basis are stated at cost. Quoted investments are stated at cost. Provision is made for any diminution in value which is considered to be permanent.

h. Sale of Investments:

There is no Surplus on sale of investments, Investment are sold at cost of purchase.

(4) DEBTORS:

1. Debtors are stated at book value after making provisions if any to be made for doubtful debts. The opening balance of debtor of amount 500.00 is written off to profit and loss account.

 
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