Mar 31, 2016
Note 1: Shri Girdhar Saboo is director in the company. In all the other companies, one or more director/ shareholder is common having substantial interest of more than 10% in this company and the other company and as such associated companies.
2. SBI Term Loan (Salt-Phalodi) is primarily secured against Plant, fixed assets of the company with extension of charge
3. SBI Term Loan (SpicesPhalodi) is primarily secured against Plant, fixed assets of the company with extension of charge
4. SBI term Loan (Ratlaam) is primarily secured against windmill at ratlaam with extension of charge
5. Terms of repayment are given below:
6. Term Loans taken from SBI is repayable in monthly installments of Rs.10,00,000
7. Term Loans taken from SBI is repayable in monthly installments of Rs.1,50,000
8. Term Loans taken from SBI is repayable in monthly installments of Rs.4,75,000
Note 9. : Out of the above amt. Rs. nil pertain to the Micro, Small and Medium Enterprises (MSME) as defined under âMicro, Small and Medium Enterprises Development Act, 2006â based on the information available with the Company. There is no into. payable to such parties as at 31-3-2016 (313-2015 :Rs. NIL )
Note 10: The preliminary expenses are related to a new project at Phalodi (Raj.). The project is still in progress and yet to be commissioned.
Note 11: The Company has not complied with mandatory accounting standard AS-15 on employees benefit in so far as the provision for post retirement benefit are concerned see note also. Leave encashment etc. are charged on cash basis.
Note 12: Financial & Derivative Instruments
The company has not entered into any long term contracts including derivative contracts during the year
Note 13: Previous year''s figures have been regrouped or reclassified wherever considered necessary.
Mar 31, 2015
Note 1: Shri Girdhar Saboo is director in the company. In all the
other companies, one or more director/ shareholder is common having
substantial interest of more than 10% in this company and the other
company and as such associated companies
Note 2:
1) SBI Term Loan (Phalodi) is primarily secured against Plant, fixed
assets of the company with extension of charge
2) SBI Term Loan (Phalodi) is primarily secured against Plant, fixed
assets of the company with extension of charge
3) SBI term Loan (Ratlaam) is primarily secured against windmill at
ratlaam with extension of charge 4)Terms of repayment are given below:
a)Term Loans taken from SBI is repayable in monthly installments of R
s.10,00,000 b)Term Loans taken from SBI is repayable in monthly
installments of R s.1,50,000 c)Term Loans taken from SBI is repayable
in monthly installments of Rs.4,75,000
Note 3: Out of the above amt. Rs. nil pertain to the Micro, Small
and Medium Enterprises (MSME) as defined under "Micro, Small and Medium
Enterprises Development Act, 2006" based on th e information available
with the Company. There is no intt. payable to such parties as at
31-3-2015 (31-3-2014 :Rs. N IL )
Note 4: The preliminary expenses are related to a new project at
Phaludi (Raj.). T he project is still in progress and yet to be
commissioned
* The company has been advised that the demand is likely not to be
raised or deleted substantially and as such no provision is considered
necessary
** Concept of materiality has been followed
*** The guarantee given is in respect of Saboo Sodium Chloro Ltd. which
is a associate concern of the assessee
Note 5: Financial & Derivative Instruments
The company has not entered into any long term contracts including
derivative contracts during the year
Note 6: There was no such segment in the FY 2013-14 and hence,
comparatives not given Note 34: Previous year's figures have been
regrouped or reclassified wherever considered necessary
Mar 31, 2014
1. Shri Girdhar Saboo is director in the company. In all the other
companies, one or more director/ shareholder is common having
substantial interest of more than 10% in this company and the other
company
2. In respect of share application money outstanding the complete
complience have been completed. Allotment of share are pending for
approval of BSE. On receive of which share will be alloted
3. During the year preferential allotment of shares have been made which
have earlier been forfeited by the company. Preferential allotments have
been made to related parties also the details of which is appearing at
the relevant place
4. Related Party Disclosures
Key Management Personnel
Vijay Kumar Verma
Atul Kharbanda
Girdhar Saboo
*Other Related Parties
Saboo Sodium Chloro Ltd
Fortress Hotels & Resorts (P) Ltd.
Girdhar Shaboo Tiger Salts Pvt. Ltd
Nawa Hotels & Resorts Private Limited
Rajasthan Mega Developers Private Ltd
Saboo Damodar Ropeways Pvt Ltd
Mar 31, 2013
Note 1.1 : Out of the above amount , Rs. nil pertain to the Micro,
Small and Medium Enterprises (MSME) as defined under " Micro, Small
and Medium Enterprises Development Act, 2006" based on the
information available with the Company. There is no interest payable to
such parties as at March 31, 2013 (March 31, 2012 :Rs. NIL )
Note 2.1: The preliminary expenses are related to a new project at
Falodi (Raj.). The project is still in progress and yet to be
commissioned
Note 3.1: Director of Saboo Sodium Chloro Ltd is having substantial
shareholding above 10% in the company and is also director in the
company. In case of Nawa Hotels & Resorts Pvt. Ltd. and Nawa Salts Pvt.
L td. the director of the company is shareholder having substantial
interest of more than 10%. All these advances are interest free
* on the basis of information provided by the management
Mar 31, 2012
Note 1.1 : Out of the above amount , Rs. nil pertain to the Micro,
Small and Medium Enterprises (MSME) as defined "Micro Small and Medium
Enterprises Development Act, 2006TH based on the Information available
with the Company. There is no interest payable to such parties as at
March 31, 2012 (March 31, 2011 :Rs. NIL )
Note 2.1: During the year under consideration, the company has
incurred a substantial loss on account of washing away of stock of salt
due to extraordinary circumstances. Accordingly, the c ompany has
written off an amount of Rs.65.45 lacs on account of the same and the
same is not part of the inventory.
Mar 31, 2010
1. Contingent liability- Nil
2. Book debts, advances, creditors, deposits etc. have been taken at
their book value awaiting respective confirmation and subject to
reconciliation.
3. Loans and advances and debtors have been considered good in respect
of which the Company holds no security other than the personal
guarantee of the person concerned.
4. So far as the information received from the creditors/ suppliers
and as explained by the manage- ment, there were no SSI undertakings to
which the Company owes any amount together with interest outstanding
for more than 30 days.
5. During the year, the company had stock in trade of unquoted shares
of Saboo Engitech Pvt. Ltd. & Fortress Hotels & Resorts Pvt. Ltd. As
per the last available balance sheets of these companies, the values of
these shares were substantially lower than the cost. It is the policy
of the company to value the shares at lower of cost or market price
whichever is less, where the market price is substantially lower than
the cost. Therefore, following the consistent policy of the company
these shares have been valued at such reduced valuation as calculated
from the last available balance sheet instead of cost.
6. Additional information pursuant to para 3, 4 ofthe para II of
schedule VI ofthe companies act, 1956 is given below (to the extent
applicable):
7. There is no expenditure incurred on employees who were in receipt
of remuneration in the aggregate of not less than Rs. 24,00,000/- per
annum, if employed throughout the year or Rs.2,00,000/- per month if
employed for a part of the year.
8. The Company is engaged in dealing of shares as well as trading in
salt etc., which, as per AS- 17 "Segment Reporting" issued by the
Institute of Chartered accountants of India, are consid- ered the
reportable business segments of the Company. The sale, purchase etc.
are separately shown in the p&l account for reporting the same. Most of
the other expenses are non-allocable in nature.
9. Information pursuant to AS-18 related party disclosure is as
under:
KEY MANAGEMENT PERSONNEL & RELATIVES:
1 Bhanwar Singh Director
2 Anuj Samdhani Director
3 Atul Kharbandha Director
10. The Company has applied the AS-22 issued by the Institute of
Chartered Accountants of India. In view of uncertainty in realization
of losses, no deferred tax provision has been made. However particulars
pursuant to As-22 are as under:
11. Previous year figures have been regrouped and rearranged wherever
it is necessary.
12. Figures have been round off to nearest rupee, wherever required.