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Notes to Accounts of Sree Jayalakshmi Autospin Ltd.

Mar 31, 2015

1. Company has not appointed company secretary in terms of section 203 of the companies Act of 2013.

2. The balances in the parties accounts under Sundry Creditors, Sundry Debtors, Advance from Customers, Loans & Advances, Deposits etc., are subject to confirmation./ Reconciliation/ Adjustments if any.

3. Sundry creditors dues to Micro, small and Medium enterprisers development Act,2006, could not be ascertained due to lack of information.

4. Expenditure incurred in foreign currency- Rs. NIL

5. C I F Value of imports of raw material Rs NIL.

6. Previous years figures have been regrouped and reclassified wherever necessary in order to be in conformity with current years presentation.

7. As the company has brought forward taxable losses, no provision for tax has been made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of Deferred tax.

8. The Company has taken a Ginning unit on lease basis with effect from 29.08.2008, the operating results were incorporated in the accounts

OTHER DISCLOSURES -

1. Segments have been identified in line with the accounting standard 17 "Segment Reporting" taking into account the organisation structure as well as the differing risks and returns.

2. Company has disclosed business segment as the primary segment.

3. Composition of business segment

Comprises Name of the segment of

a) Cotton Yarn

b) Cotton Lint

c) Others Wastes, Cotton seeds & Kappas

9. The segment revenue results, assets and liabilities include the respective amounts identifiable to each of the segments and amounts allocated on reasonable basis.

10. The accounting policies of the segments are the same as those described in the significant accounting policy as referred in schedule 18 to the accounts.


Mar 31, 2013

1. Company has not appointed company secretary in terms of section 383 A of theompanies Act of 1956.

2. The Balances in the parties accontsunder sundry Creditors, Sundry Debtors, Advance from Customers, Loans & Advances, Deposits etc., are subject to confirmation. Reconcialation''Adjustments if any.

3. Sundry creditors due to small scale and ancillary undertakings could not be ascertained due to lack of information.

4. Quantitative particulars (As required under part-ll of schedule VI of the necessary Act of 1956) as per Annexur-A.

5. Expenditure incurred in foreign currency- Rs. NIL .

6. C I F Value of imports of raw material Rs. NIL.

7. No of employees drawing remuneration more than Rs.2,00,000/- p.m.or Rs.24,00,000/-p.a.in gregate: NIL

8. Previous years figures have been regrouped and reclassified wherever necessary in order to be in confirmity with current years presentation.

9. As the company has brought forward taxable losses, no provision for tax has been made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of Deferred tax.

10. The Company has taken a Ginning unit on lease basis with effect from 29.08.2008, the operating results were incoporated in the accounts.


Mar 31, 2012

1. Company has not appointed company secretary in terms of section 383 A of theompanies Act of 1956.

2. SundryCreditors,Debtors,Deposits,Loans-and advances are subject to confirmation

3. Sundry creditors due to small scale and ancillary undertakings could not be ascertained due to lack of information.

4. Quantitative particulars (As required under part-ll of schedule VI of the necessary Act of 1956) as per Annexur-A.

5. Expenditure incurred in foreign currency- Rs. NIL 29. C I F Value of imports of raw material RsNIL.

6. No of employees drawing remuneration more than Rs.2,00,000/- p.m.or Rs.24,00,000/-p.a.in gregate :NIL

7. Previous years figures have been regrouped and reclassified wherever necessary in order to be in confirmity with current years presentation.

8. As the company has brought forward taxable losses, no provision for tax has been made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of Deferred tax.

9. The Company has taken a Ginning unit on lease basis with effect from 29.08.2008, the operating results were incoporated in the accounts.

OTHER DISCLOSURES:

1. Segments have been identified in line with the accounting standard 17 "Segment reporting" taking into account the organisation structure as well as the differing risks & returns.

2. Company has disclosed business segment as the primary segment.

4. The segment revenue results, asssets & liabilities include the respective amounts identifiable to each of the segments and amount located on reasonable basis.

5. The accounting policies of the segments are the same as those described in the segnificant accounting policy as reffered in schedule 18 to the accounts.


Mar 31, 2010

1. RETIREMENT BENEFITS :

1.1 Provision for employers contribution towards P.F & E.S.I has been made during the year.

1.2 The company has taken policy for Employees Gratuity and it is paying the premium as per contract.

2. Company has not appointed company secretary in terms of section 383 A of the companies Act of 1956.

3. Sundry Creditors, Debtors, Deposits, Loans-and advances are subject to confirmation

4. Quantitative particulars (As required under part-ll of schedule VI of the necessary Act of 1956) as per Annexur-A.

5. Expenditure incurred in foreign currency- Rs. NIL

6. - C I F Value of imports of raw material Rs NIL

7. No of employees drawing remuneration more than Rs.2,00,000/- p.m.or Rs.24,00,000/- p.a.in gregate :NIL

8. Previous years figures have been regrouped and reclassified wherever necessary in order to be in confirmity with current years presentation.

9. As the company has brought forward taxable

losses, no provision for tax has been made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of Deferred tax.

10. The Company has taken a Ginning unit on lease basis with effect from 29.08.2008, the operating results were incoporated in the accounts

11. Related party disclosures

Related party disclosures as required by AS18" Related party disclosures " are given below (I) Relationships

Related Party Relationship

K.V.Prabhakar Managing Director (Executive Director)

Smt. Vijaya Prabhakar Executive Director

Rama Murthy Non Executive Director

Eshwar Patii Executive Director Vishwanath.K.Mamini Non Executive Director

T. Chandrashekara Non Executive Director K.V.Prabhakar(H.U.F) Enterprises in which Key Management

Personnel/relatives is/are interested

Sri Jaya Infotech Services (P) Ltd., -do-

The Union Theaters (P) Ltd., -do-

The Margarine Refined & Co., Ltd., -do-

The Murugarajendra Oil Industries P Ltd -do-

Sree Vijayalakshmi Oil Mills -do-

SreeAnjaneya Cotton Mills (P) Ltd., -do-

Sree Ganesar Textiles -do-

Vijayalakshmi Cotton Enterprises -do-

Sree Srinivasa Industries -do-

City Fort Finvest Ltd., i -do-

Vakratunda Agritech Pvt Ltd -do-

 
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