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Notes to Accounts of Sunil Healthcare Ltd.

Mar 31, 2015

1. Nature of Operation

The Company has manufacturing facility at Alwar (Rajasthan) for 8430 Million (Previous year 7700 Million) of Hard Gelatin Capsule Shells. Comapany is also doing Trading of Food items.

2. Terms/Right attached to equity shares

Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company the holder of equity share will be entitled to receive remaining assets of the Company after preferential distribution. The distribution will be in proportion to the number of equity shares held by the share holders. There is no restriction on distribution of dividends. However same is subject to the approval of the shareholders in the Annual General Meeting.

(a) Term Loans are Secured by specific Plant & Machineries and other immovable or movable fixed Assets, purchased against specific loan and carries interet rate of 14.70% p.a.(Previous year 14.70% p.a.) The same is also personally guaranteed by Chairman cum Managing director and a relative. Payment terms of Term loans of non-current portion is as follows:

(a) Cash Credit is Secured by first charge by way of hypothecation on the entire stock of inventories, receivables, bills, and other chargeable current assets of the company (both present and future) and extension of first mortgage / hypothecation charge on the entire fixed assets of the company. The same is also personally guaranteed by Chairman cum Managing director and a relative.

3. Contingent Liabilities and Commitments

A. Contingent Liabilities

(a) . Claims against the company not acknowledged as debt:

Demand for Octroi under disputes 8.47 8.47

Income Tax and Wealth Tax 0.85 0.85 (Paid under Protest Rs. 0.85 Previous year Rs. 0.85)

(b) Liability for Customs duty on capital Goods imported under EPCG Scheme, against which export obligation is to be fulfilled. 7.45 NIL

(c) Liability for Customs duty on Raw Materials imported under Advance License, against which export obligation is to be fulfilled. 347.28 453.64

B. Commitments

(a). Estimated amount of contracts remaining to be executed on capital account and not provided for 301.75 10.95 "(Advances paid Rs. 154.31 Previous Year Rs. 7.54)"

4. Other Notes on Accounts

5. Some of the Trade Receivable , Payable, Borrowing and Loans & Advances are Subject to Confirmation

6. In the opinion of the management ,the Current Assets, Loans and Advances are approximately of the value stated,if realised in the ordinary course of business.

B. "Disclosure relating to Provident Funds

The Company recognised Rs. 42.66 (Previous year Rs. 37.95) for provident fund contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes. "

7. Segment Informations

a As of March 31, 2015, there are two business segments i.e. Empty Hard Gelatin Capsule and Marketing of Food Product. A description of the types of products by each reportable segment is as follows:

Empty Hard Gelatin Capsule - the Company deals in manufactures of EHG Capsule Shells Marketing of Food Product includes trading activities carried out on high sea sales basis. b Segment Reporting (by business segment):

The following table presents revenue and profit information regarding business segments for the years ended March 31,2015 and March 31, 2014 and certain assets and liability information regarding business segments at March 31, 2015 and March 31, 2014.

c Segment Reporting (by Geographical demarcation):

(a) . The segment is based on geographical demarcation i.e. India and Rest of the World.

(b) . The Company's revenue from external customers and information about its assets and others by geographical location are follows:


Mar 31, 2014

1. CASH FLOW FROM FINANCING ACTIVITIES

Notes:

1. The Cash Flow Statement has been prepared under the indirect method as set out in Accounting Standard (AS) 3 "Cash flow Statement" as notified under the Companies (Accounting Standard) Rule 2006.

2. Figures have been regrouped/rearranged wherever necessary.

2. SHARE CAPITAL

Terms/Right attached to equity shares

Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company the holder of equity share will be entitled to receive remaining assets of the Company after preferential distribution. The distribution will be in proportion to the number of equity shares held by the shareholders. There is no restriction on distribution of dividends. However same is subject to the approval of the shareholders in the Annual General Meeting.

3 RESERVES AND SURPLUS:

(a) Term Loans are Secured by specific Plant & Machineries ando ther immovable or movable fixed Assets, purchased against specification. The same isalso person all yguaran teed by Chairman cum Managing director and a relative. Payment of Term loan so fnon-current portion and rate of interest payable is as follows:

(b) Loans from Chairman Cum Managing Director of Rs. 5.40 is interest free (Previous year Rs.12.63)

(c) Loan from other saggre gate of Rs.22.69 payable in 11 monthly instalments w.e.f. 3rd March 2013 and carries rate of interest 19.29% p.a. (d) Loan from others aggregate of Rs.33.72 payable in 24 monthly instalments w.e.f. 29th March 2014 and carries rate of interest 19.67%p.a.

(e) Loan from others aggregate of Rs.23.65 payable in 22 monthly instalments w.e.f. 07th February 2014 and carries rate of interest 19.51%p.a

4. Short Term Borrowings

(a) Cash Credit is Secured by first charge by way of hypothecation on the entire stock of inventories, receivables, bills, and other chargeable current assets of the company (both present and future) and extension of first mortgage / hypothecation charge on the entire fixed assets of the company. The same is also personally guaranteed by Chairman cum Managing director and a relative.

5. Trade Payables

The Company has not received any intimation from its suppliers being registered under Micro, Small and Medium Enterprises Development Act,2006(MSME).Hence the necessary disclosure required under MSME-Act-2006 cannot be made.

6 Contingent Liabilities and Commitments

A. Contingent Liabilities As at 31/03/2014 31/03/2013

(a) Claims against the company not acknowledged as debt:

Demand for Octroi under disputes 8.47 8.47

Income Tax and Wealth Tax 0.85 0.85

(Paid under Protest Rs 0.85 Previous year Rs.0.85)

(b) Customs duty on capital Goods imported NIL 6.51 under EPCG Scheme, against which export obligation is to be fulfilled.

(c) Customs duty on Raw Materials imported 453.64 363.86 under Advance License, against which export obligation is to be fulfilled.

7.1.1 Exceptional item reported for Rs NIL (Previous year 55) received from a Debtor which was written off in earlier year.

7.1.2 Some of the Trade Receivable, Payable, Borrowing and Loans & Advances are Subject to Confirmation.

7.1.3 In the opinion of the management, the Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business.

7.1.4 Disclosure required by Accounting Standard (AS) 15 (Revised) on "Employee Benefits":

The estimates of the future salary increases, considered in actuarial valuation, taken account of inflation, seniority, promotion and other relevant factors. Gratuity upto certain amount per employee is covered under an irrevocable Gratuity Fund under the Group Gratuity cum Life Assurance Scheme of the Life

Insurance Corporation of India. The Company has also recognised 37.95/- (Previous Year Rs. 31.96/-) being contribution to employees'' Provident Fund (Defined Contribution Plan)

7.1.5 Segment Informations

a Company''s business activity falls within a single primary business segment viz EHG Capsule Shells

b Segment Reporting (by Geographical demarcation):

(a). The segment is based on geographical demarcation i.e. India and Rest of the World.

(b). The Company''s revenue from external customers and information about its assets and others by geographical location.

7.1.6 The company has no outstanding derivative instrument as at Balance Sheet date.

7.1.7 The previous year figure has been reclassified /regrouped to conform current year figures.


Mar 31, 2013

1. Contingent Liabilities and Commitments

A. Contingent Liabilities

(a) Claims against the company not acknowledged as debt:

Demand for Octroi under disputes 8.47 8.47

Income Tax and Wealth Tax 0.85 0.85

(Paid under Protest Rs.0.85 Previous year Rs.0.85)

(b) Customs duty on capital Goods imported under EPCG 6.51 Nil Scheme, against which export obligation is to be fulfilled.

(c) Customs duty on Raw Materials imported under Advance 363.86 126.22 License, against which export obligation is to be fulfilled.

B. Commitments

(a) Estimated amount of contracts remaining to be executed 45.36 544.32 on capital account and not provided for (Advances paid Rs. 6.84 Previous Year Rs.221)

2. Notes on Accounts

3. Exceptional item reported for Rs. 55 Lacs received from a Debtors which was written off in earlier year

4. Some of the Trade Receivable , Payable, Borrowing and Loans & Advances are Subject to Confirmation

5. In the opinion of the management ,the Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business.

6. Disclosure required by Accounting Standard (AS) 15 (Revised) on "Employee Benefits":

The estimates of the future salary increases, considered in actuarial valuation, taken account of inflation, seniority, promotion and other relevant factors. Gratuity up to certain amount per employee is covered under an irrevocable Gratuity Fund under the Group Gratuity cum Life Assurance Scheme of the Life Insurance Corporation of India. The Company has also recognised Rs.31.96/- (Previous Year Rs.25.56/-) being contribution to employees'' Provident Fund (Defined Contribution Plan)

7. Segment Information’s

a Company''s business activity falls within a single primary business segment viz EHG Capsule Shells

b Segment Reporting (by Geographical demarcation):

(a) The segment is based on geographical demarcation i.e. India and Rest of the World.

8. b) The company has no outstanding derivative instrument as at Balance Sheet date.

9. The previous year figure has been reclassified /regrouped to conform current year figures.

 
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