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Notes to Accounts of Sindhu Trade Links Ltd.

Mar 31, 2014

1. (a) Long Term Borrowings

Note: *

Term Loan from Axis Bank is taken during the financial year 2011-12 and carries interest @ 9.96% p.a. The loan is repayable in 36 monthly installments of Rs. 1.44 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Vehicle against which the loan was taken.

Note: **

Term Loan facility of Rs. 55 Crores was taken during the financial year 2011-12 from ICICI Bank and carries interest @ 13.75% p.a. The principal component of loan is repayable in 14 quarterly installments of 7.70 % of facility amount starting from the 8th quarter from the date of loan. and interest amount, till the period of repayment of loan installment, is payable on monthly basis. The loan is secured against the personal property of Mrs. Saroj Sindhu & Maj. Satyapal Sindhu, Mr. Vir Sen Sindhu, Mr. Abhimanyu Sindhu, Mr. Rudra Sen Sindhu, Mrs. Ekta Sindhu , Mrs. Rachna Sindhu, Dev Suman Sindhu , Vrit Pal Sindhu and Property of M/s Indus Infra Development Pvt Ltd; Term Loan Facility of Rs. 30 Crores was taken during the financial year 2012-13 and carries interest @ 13.75% p.a. The Principal component is repayable in 16 equal quarterly instalments starting from 5th quarter. Till the period of Loan, Interest is payable on monthly basis. The Loan is Secured against the property of M/s Sindhu Realtors Ltd.

Note: ***

Term Loan from Bajaj Finance Limited , details of which are as under:-

Term loan of Rs. 1.45 crores was taken during the financial year 2011-12 bearing interest @ 11.75% p.a. The loan is repayable in 35 monthly installments of Rs. 4.93 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Equipments (1 liebherr Loader) against which the loan was taken.

Term loan of Rs. 1.30 crores was taken during the financial year 2011-12 bearing interest @ 11.49% p.a. The loan is repayable in 35 monthly installments of Rs. 4.38 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Vehicles (5 tippers) against which the loan was taken.

Term loan of Rs. 4.54 crores was taken during the financial year 2011-12 bearing interest @ 14 % p.a. The loan is repayable in 35 monthly installments of Rs. 15.88 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Vehicles (49 trucks) against which the loan was taken.

Note: ****

Term Loan from SREI Equipment Finance Pvt Ltd was taken during the financial year 2011-12 and carries interest @ 13.18% p.a. The loan is repayable in 47 monthly installments of Rs. 27.35 lakhs each including interest from the date of loan. The loan is secured by hypothecation of 66 Vehicle & Equipments against which the loan was taken.

Note: *****

Term Loan from Indiabulls Financial Services Limited is taken during the financial year 2012-13, details of which are as under:-

Term loan of Rs. 1.291 lakhs is taken bearing interest @ 11% p.a. The loan is repayable in 35 monthly installments of Rs. 4.32 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Vehicles against which the loan was taken.

Note: ******

Term Loan from HDFC Bank Limited is taken during the financial year 2013-14, details of which are as under:-

Term loan of Rs. 150 lakhs is taken bearing interest @ 10.90% p.a. The loan is repayable in 35 monthly installments of Rs. 5.02 lakhs each including interest from the date of loan. The loan is secured by hypothecation of Equipment against which the loan was taken.

Note: *******

Secured and Redeemble Non Convertiable Debentures were issued. The debentures are secured against 23.9% equity capital of company and 49.58 Acre of Land Situated at Tifra, Bilaspur of company. The Debentures carry 10% Fixed Coupon payable Quarterly and 11% Rear End Coupon. The debenture''s maturity date is 31/10/2014.

Notes: #

CC limit of Rs. 5 crores was taken from ICICI Bank during the financial year 2011-12 and carries interest @ 13.75% p.a. The facility is secured against the entire stocks of raw material , stores etc and book- debts receivables etc and Second pari passu charge on property of M/s Sindhu Realtors Ltd.

2. Loans & Advances

(a) long-term loans & Advances

Advances recoverable in cash or in kind for the value to be received (unsecured considered good unless otherwise stated).

3. Contingent Liabilities

FOR THE YEAR ENDED FOR THE YEAR ENDED ON 31ST MARCH 2014 ON 31ST MARCH 2013

The Company has given corporate guarantee in respect of the loan taken by the subsidiaries of the company

* Shyam Indus Power Solutions Private Limited 1,045,000,000 850,000,000

* Hari Bhoomi communications Pvt Ltd 30,000,000 30,000,000

The company has given corporate guarantee in respect of the loan taken by the other company

* Indus Portfolio Pvt Ltd 200,000,000 200,000,000

* S3H Constructions Pvt Ltd 51,000,000 -

The following assessment orders were received from respective assessing officer against which appeal ha been made with competent authority

Authority Assessment Year

Adl.CIT(8) 2009-10 2,230,750 2,230,750

ACIT(12)(1) 2009-10 - 242,669

ACIT(8)(1) 2008-09 9,916,074 9,916,074

Adl.CIT(8) 2008-09 8,817,707 8,817,707

ACIT(12)(1) 2006-07 8,371,075 8,371,075

ACIT(8)(1) 2005-06 - 191,531

ACIT(8)(1) 2004-05 - 1,891,634

1,355,335,606 1,111,661,440

4. Related party Disclosures:

1) Enterprises where control Exist:

Subsidiaries:-

1. Shyam Indus Power Solutions Private Limited

2. Hari Bhoomi Communications Private Limited

3. Indus Automobile Private Limited

4. Indus Automotives Pvt Ltd

5. Param Mitra Resources Pte Limited

Subsidiaries of Shyam Indus Power Solutions Private Limited which itself is the subsidiary of the Company.( As Per Section 4(1) (c) of the company''s Act, 1956.

1. Shyam Indus Solar Power Private Limited

2. Indus Urja Private Limited

3. Shyam Indus Energy Private Limited

4. Shyam Indus Hydel Power Private Limited

5. Flair Electric Projects Private Limited

6. Vaishnawi Energy Distribution Private Limited

7. SIPS BIO Power Private Limited

8. SIPS Utilities Private Limited

9. SIPS Power Distribution Private Limited

Subsidiaries of SIPS Utilities Private Ltd which itself is the subsidiary of the Company.( As Per Section 4(1) (c) of the company''s Act, 1956.

1. Sea Side Utilities Pvt Ltd

2. River Side Utilities Pvt Ltd

Other Related Parties

1. Paramitra Holdings Private Limited

2. Sindhu Farms Private Limited

3. Sindhu Realtors Limited

4. S3H Constructions Private Limited

5. ACB India Limited

6. B and S Realtors Private Limited

7. Sainik Mining and Allied Services Private Limited

8. Spectrum Coal and Power Limited

9. Indus Infra Built Private Limited

10. Sudha Bio Power Pvt Ltd

11. ACB India Power Ltd

12. Indus Automobiles

13. V. V. Transport

14. M. S. & Sons

15. Indus Educations & Research Institute

16. Param Mitter industrial Training Centre

17. Param Mitra Manav Nirman Sansthan

18. Mitter Sen sindhu (HUF)

19. Parameshwari Devi

20. Rudra Sen Sindhu

21. Vrit Pal Sindhu

22. Vir Sen Sindhu

23. Dev Suman Sindhu

24. Anika Sindhu

25. Saroj Sindhu

26. Samriti Sindhu

27. Usha sindhu

28. Saurabh Sindhu

29. Shashi Sindhu

30. Surbhi Sindhu

31. Sumegha Sindhu

32. Shweta Sindhu

33. Somvir Sindhu

34. Maruti Clean Coal & Power Ltd

35. Garuda resorts pvt ltd

36. Indus infra development pvt ltd

37. Indus Sor Urja Pvt ltd

38. Mahavir Multitrade Pvt Ltd

39. Ch. SIS Ram Polytechnic kinana

40. Adarsh infraventure Private limited

41. Sarvesh sindhu

42. Mitter sen agro farms pvt ltd

43. Param mitter associates pvt ltd

44. Paramitra Investments Pvt Ltd

45. Abhimanyu sindhu

46. Abhimanyu sindhu-huf

47. Rudra sen sindhu huf

48. Dev suman sindhu huf

49. Ekta sindhu

50. Satyapal sindhu

51. Rachna sindhu

52. Satyapal sindhu huf

53. Shahista sindhu

54. Sumati sindhu

55. Vir sen sindhu huf

56. Vritpal sindhu huf

57. Mahanadi Coal Transport

58. S.J. Finance & Consultants Pvt Ltd

59. Pragati Vanijaya Ltd

60. Chhattisgarch Land & Building Developers Pvt ltd

61. Kartikay Resources & Power Gen Pvt Ltd

62. Indus Portfolio Pvt Ltd

63. Indus Best Mega Food Park Pvt Ltd

64. Sindhu Education Foundation

65. TRN Energy Pvt Ltd

66. NU Edge Infrasolutions LLP

67. Amberi Hotel & Motels Pvt Ltd

68. Aryan Ispat & Power Pvt Ltd

69. Four Corners Developers Pvt Ltd

70. Kartikay Exploration & Mining Services Pvt Ltd

Other Entities under control of company Nil

i) Joint Venture - Nil

ii) Key Management Personnel

Sh. Rudra Sen Sindhu

Sh. Vir Sen Sindhu

Sh. Satyapal Sindhu

Sh. Vrit Pal Sindhu

Sh. Dev Suman Sindhu


Mar 31, 2013

AS AT 31st Contingent Liabilities AS AT 31st MARCH 2013 MARCH 2012

The Company has given corporate guarantee in respect of the loan taken by the subsidiaries of the company

- Shyam Indus Power Solutions Private Limited 850,000,000 850,000,000

- Hari Bhoomi communications Pvt Ltd 30,000,000 -

The company has given corporate guarantee in respect of the loan taken by the other company

- Indus Portfolio Pvt Ltd 200,000,000 -



NOTES -1 CORPORATE INFORMATION

SINDHU TRADE LINKS LIMITED Is engaged in the Business of Transportation, Media, Finance, Trading of Oil & Diesel and having its place of business in Delhi and Chattisgarh

2. Related party Disclosures –

1) Enterprises where control Exist:

Subsidiaries:- -

1. Shyam Indus Power Solutions Private Limited

2. Hari Bhoomi Communications Private Limited

3. Indus Automobile Private Limited

4. Indus Automotives Pvt Ltd

5. Param Mitra Resources Pte Limited

Subsidiaries of Shyam Indus Power Solutions Private Limited which itself is the subsidiary of the Company.( As Per Section 4(1) (c) of the company''s Act, 1956

1. Shyam Indus Solar Power Private Limited

2. Indus Urja Private Limited

3. Shyam Indus Energy Private Limited

4. Shyam Indus Hydel Power Private Limited

5. Flair Electric Projects Private Limited

6. Vaishnawi Energy Distribution Private Limited

7. SIPS BIO Power Private Limited

8. SIPS Utilities Private Limited

9. SIPS Power Distribution Private Limited

Subsidiaries of SIPS Utilities Private Ltd which itself is the subsidiary of the Company.( As Per Section 4(1) (c) of the company''s Act, 1956

1. Sea Side Utilities Pvt Ltd

2. River Side Utilities Pvt Ltd

Other Related Parties:- 1 Paramitra Holdings Private Limited

2 Sindhu Farms Private Limited

3 Sindhu Realtors Private Limited

4 S3H Constructions Private Limited

5 ACB India Limited

6 B and S Realtors Private Limited

7 Sainik Mining and Allied Services Private Limited

8 Spectrum Coal and Power Limited

9 Indus Infra Built Private Limited

10 Sudha Bio Power Pvt Ltd

11 C. K. Automobiles and Traders

12 Indus Automobiles (Firm)

13 V. V. Transport

14 M. S. & Sons

15 Indus Educations & Research Institute

16 Param Mitter industrial Training Centre

17 Param Mitra Manav Nirman Sansthan

18 Sh. Mitter Sen sindhu (HUF)

19 Parameshwari Devi

20 Rudra Sen Sindhu

21 Vrit Pal Sindhu

22 Vir Sen Sindhu

23 Dev Suman Sindhu

24 Anika Sindhu

25 Saroj Sindhu

26 Samriti Sindhu

27 Usha sindhu

28 Saurabh Sindhu

29 Shashi Sindhu

30 Surbhi Sindhu

31 Sumegha Sindhu

32 Shweta Sindhu

33 Somvir Sindh

34 Satvik Sindhu

35 Garuda resorts pvt ltd

36 Indus infra development pvt ltd

37 Indus Sor Urja Pvt ltd

38 Mahavir Multitrade Pvt Ltd

39 Ch. SIS Ram Polytechnic kinana

40 Adarsh infraventure Private limited

41 Sarvesh sindhu

42 Mitter sen agro farms pvt ltd

43 Param mitter associats pvt ltd

44 Lokseva textrade pvt ltd

45 Abhimanyu sindhu

46 Abhimanyu sindhu-huf

47 Rudra sen sindhu huf

48 Dev suman sindhu huf

49 Ekta sindhu

50 Satyapal sindhu

51 Rachna sindhu

52 Satyapal sindhu huf

53 Shahista sindhu

54 Sumati sindhu

55 Vir sen sindhu huf

56 Vritpal sindhu huf

57 Indus eduinfrastructure pvt ltd

58 Indus edumanagement services pvt ltd

59 Mahanadi Coal Transport

60 S.J. Finance & Consultants Pvt Ltd

61 Pragati Vanijaya Ltd

62 Chhattisgarch Land & Building Developers Pvt ltd

63 Kartikay Resources & Power Gen Pvt Ltd

64 Mahavir Benefications Pvt Ltd

65 Indus Best Mega Food Park Pvt Ltd

66 Sindhu Education Foundation

Other Entities under control of company Nil

ii) Joint Venture - Nil

iii) Key Management Personnel

Sh. Rudra Sen Sindhu

Sh. Vir Sen Sindhu

Sh. Satyapal Sindhu

Sh. Vrit Pal Sindhu

Sh. Dev Suman Sindhu


Mar 31, 2010

1) Claims against the company not acknowledge as debts - NIL (Previous year Rs.-NIL)

2) Estimated amount of contracts remaining to be executed on capital Account not provided for - NIL (Previous year Rs.-NIL)

3) In the opinion of Board. Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business The provision for depreciation and all other known liabilities is adequate and not in excess of the amount necessary.

4) Previous year figures have been regrouped/recast wherever necessary to make the same comparable with those of the current year

5) None of the employees of the company was in receipt of remuneration exceeding Rs. 2.00.000/- per month where employed for part of the year or Rs. 24.00.000/- p.a. where employed throughout the year.

6) In compliance of Sec. 45 IC of the Reserve Bank of India Act, 1934, the company has transferred a sum of Rs 14.02,513 to Special reserve Fund. The reserve fund so created is available for utilisation for specified purposes as may be prescribed by the Reserve Bank from time to time.

7) Related party Disclosures -

1) Related party with whom the company had transaction, etc.

i) Associates

1) Shyam Indus Power Solutions pvt Ltd

2) Indus Public School- Jind

3) Sindhu Education Foundation A) Delhi Public School- Durg

5) Delhi Public school- Bilaspur

6) Sindhu trade Link Ltd

7) Sahib Automobiles

8) B &S Realtors Pvt. Ltd

9) M S & Sons

10 Chhattisgarh Coal Carriers

11) V.V Transport

12) Ex-Ser Abhimanyu Coal Carriers Pvt Ltd.

13) Han Bhoomi Dainik

14) Han Bhoomi communication Pvt Ltd

10) Schedule in terms of paragraph 13 of Non-Banking Financial(Non- Deposit Accepting or Holding) Companies Prudential Norms (reserve Bank) Directors, 2007

Notes:

1.As defined in Paragraph 2(1) (xii) of the Non -Banking Financial Companies Acceptance of Public Deposits (Reserve Bank)Directors, 1998.

2.Provisions norms shall be applicable as prescribed in the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions,2007.

3.All Accounting Standards and Guidance notes issued by ICAI are applicable including for valuation of investments and other assets acquired in satisfaction of debt.However, market value in espect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in column(4) above.



 
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