Mar 31, 2015
The Company has only one class of equity shares having a par value of
Re.1 per share. Each Shareholder is eligible for one vote per share.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders.
- Dividend proposed to be distributed to equity shareholders is
Re.0.20/- (Previous year Re.0.20) per equity share.
a) Key Managerial Personnel: Ramprasad Poddar
Dinesh Poddar Shilpa Poddar Rajesh Poddar
b) Relatives of Key Managerial Personnel: Deepak Harlalka
c) Companies/ Firms over which the Key Managerial Personnel/ Ashirwad
Capital Limited Relatives have significant influence or control:
Ashirwad Shelters Private Limited
Fatehpur Welfare Trust
Ma Passion (India) Private Limited
Swasti Vinayaka Investech Private Limited
Swasti Vinayaka Realestate Development Private Limited
Swasti Vinayaka Synthetics Limited
1. There was no employee who was employed throughout the year and was
in the receipt of remuneration of more than Rupees 24 Lacs per annum or
not more than Rupees 2 Lacs per month.
2. During the year free accident took place causing loss of inventory
of Rs.71,62,467/- against which provision has been made for Insurance
Claim receivable of Rs. 61,00,890/- from Insurance Company disclosed in
the note No.19 under the head of "Other Income".
3. Previous year figures have been reclassified to conform to this
year's classification.
4. Significant accounting policies and practices adopted by the
Company are disclosed in the statement annexed to these financial
statements as Annexure I.
Mar 31, 2013
1. Previous year figures have been reclassified to conform to this
year''s classification.
The Company has only one class of equity shares having a par value of
Re.1 per share. Each Shareholder is eligible for one vote per share.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders.
* Dividend proposed to be distributed to equity shareholders is
Re.0.20/- (Previous year Re.0.10 in addition to paid interim dividend
Re.0.10) per equity share
Terms of payments
1 Term Loan amounting to Rs. 14,76,324 ( March 31, 2012 : Rs.58,48,292)
Repayable in 48 monthly installment commencing from August 2009, Last
installment due in July 2013. Rate of interest 12.70% p.a. at the end of
the year (Previous year 12.90% p.a.)
2 Term Loan amounting to Rs.65,76,714 ( March 31, 2012: Rs.1,10,51,784)
Repayable in 50 monthly installment commencing from June 2010, Last
installment due in July 2014. Rate of interest 12.70% p.a. at the end of
the year (Previous year 12.90% p.a.)
3 Term Loan amounting to Rs. 1,62,67,176 ( March 31, 2012 :
Rs.1,99,46,835)
Repayable in 64 monthly installment commencing from May 2011, Last
installment due in July 2016 rate of interest 12.75% p.a. at the end of
the year (Previous year 12.95% p.a.)
4 Vehicle Loan amounting to Rs. 5,76,640 (March 31, 2012: Rs.9,16,664 )
Repayable in 59 monthly installment commencing from Nov 2009, Last
installment due in Sept 2014. Rate of interest 9.81% p.a. at the end of
the year (Previous year 9.81 p.a.)
5 Vehicle Loan amounting to Rs. 4,65,431 (March 31, 2012: Rs.5,92,276 )
Repayable in 59 monthly installment commencing from April 2011, Last
installment due in Feb 2016. Rate of interest 11.57% p.a. at the end of
the year (Previous year 11.57% p.a.)
Note : No amount have been written off/provided for or written back
during the year in respect of debts due from or to related parties.
Mar 31, 2012
Not Available
Mar 31, 2011
1. Figures of previous year have been regrouped, recasted and
rearranged wherever necessary.
2. In the opinion of management, the current assets, Loans and
Advances are approximately of the value stated if realised in ordinary
course of business.
3. Sundry Debtors & Creditors and Loans & Advances are shown as
appearing in the accounts and the same are subject to confirmation.
4. Goodwill is being amortized over a period of five years. This is
3nd year of amortisation.
5. Earning per Share:
a) Basic & diluted earning per share has been calculated by dividing
Net Profit after tax for the year as per accounts, which is
attributable to Equity Shareholders i.e.4,00,00,000 No of Equity shares
outstanding during the last year for the current year.
6. (a) Deferred Tax Asset of ` 15,00,468/-has been recognised and
charged to the profit and Loss A/c.
(b) Major component of deferred tax Asset:
Remuneration to directors has be en provided in accordance with
approval of shareholders and is restricted to amounts payable
prescribed in schedule XIII of the companies act.
7. Other additional information required pursuant to part II of
Schedule VI to the Companies Act, 1956 are not applicable.
8. Information pertaining to related party disclosures as required
under A.S - 18 issued by The Institute of Chartered Accountants of
India is enclosed herewith.
9. Details of opening stock, closing stock , purchases, sales & raw
material consumed are enclosed herewith.
10. Segment Reporting as required under Accounting Standard 17 issued
by The Institute of Chartered Accountants of India is enclosed herewith
11. Figures of previous year have been regrouped, recasted and
rearranged wherever necessary.
Mar 31, 2010
1. Figures of previous year have been regrouped, recasted and
rearranged wherever necessary.
2. In the opinion of management, the current assets, Loans and
Advances are approximately of the value stated if realised in ordinary
course of business.
3. Sundry Debtors & Creditors and Loans & Advances are shown as
appearing in the accounts and the same are subject to confirmation.
4. Goodwill is being amortised over a period of five years. This is
2nd year of amortisation.
5. Payment to Auditors:- Current Period Previous Year
(Rs.) (Rs.)
Statutory Auditfees 55,000 28,090
Taxation Matters 27,575 28,090
Other Matters - 5,000
Total 82,575 61,180
6. Earning per Share:
Basic & diluted earning per share has been calculated by dividing Net
Profit after tax forthe year as per accounts, which is attributable to
Equity Shareholders i.e.40000000 No. of Equity shares outstanding
during the last yearforthe current year.
7. (a) Deferred Tax Asset of Rs. 3,50,644/-has been recognised and
charged to the Profit and Loss A/c.
(b) Major component of deferred tax Asset:
Current Period Previous Year
Depreciation Rs.1,78,000/- Rs. 1,99,942/-
Gratuity Rs.1,72,644/- Rs. 1,86,504/-
Total Rs. 3,50,644/- Rs. 3,86,446/-
8. Directors Emoluments
Total Remuneration paid to Directors from January 2009 to March 2010
amountstoRs.40,51,484/-.
Working of Managerial remuneration payable u/s 309 of Companies Act
1956
Current Period Previous Year
(Rs.) (Rs.)
Net Profit before tax Rs. 1,93,17,819/- Rs. 1,42,17,184
Add: Remuneration Paid Rs. 40,51,484/- Rs. 18,78,787
Profit u/s 349 2,33,69,303 1,60,95,971
Remunerationî 10% on above 23,36,930 16,09,597
Remuneration Paid 40,51,484 18,78,787
Remuneration to directors has been provided in accordance with approval
of shareholders and is restricted to amounts payable prescribed in
schedule XIII of the companies act.
9. Other additional information required pursuant to part II of
Schedule VI to the Companies Act, 1956 are not applicable.
10. Information pertaining to related party disclosures as required
under A.S -18 issued by The Institute of Chartered Accountants of India
is enclosed herewith.
11. Details of opening stock, closing stock, purchases, sales & raw
material consumed are enclosed herewith.
12. Segment Reporting as required under Accounting Standard 17 issued
by The Institute of Chartered Accountants of India is enclosed herewith
13. Figures of previous year have been regrouped, recasted and
rearranged wherever necessary.