Home  »  Company  »  The Anandam Rubber  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of The Anandam Rubber Company Ltd.

Mar 31, 2015

1. BACKGROUND

The company had sold its loss making plantation in 1989, the proceeds in respect of which have been deployed in banks and investments. The directors are considering various business proposals to strengthen the financial base of the company.

2. Segment Reporting

The company's funds are presently deployed in banks and investments in shares, pending the acquisition of another plantation and/ or commencement of tea, rubber or other business. Consequently the need for separate disclosure as required under Accounting Standard 17- Segment Reporting is not considered.

3. Contingent Liabilities

The Company has no material contingent liabilities as at March 31, 2015.

4. Foreign Currency

The company did not enter into any transaction involving foreign currency.

5. Comparative Figures

Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

6. Information on dues to Small Scale Industries Units

The Company has not received the required information from suppliers under the Micro, Small and Medium enterprise Development Act, 2006. Hence, disclosure relating to unpaid amounts as at the end of the year together with the interest paid /payable as required under the said Act has not been made.




Mar 31, 2014

1. Segment Reporting

The company's funds are presently deployed in banks and investments in shares, pending the acquisition of another plantation and/ or commencement of tea, rubber or other business. Consequently the need for separate disclosure as required under Accounting Standard 17- Segment Reporting is not considered.

2. Contingent Liabilities

The Company has no material contingent liabilities as at March 31, 2014.

3. Foreign Currency

The company did not enter into any transaction involving foreign currency.

4. Comparative Figures

Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

5. Information on dues to Small Scale Industries Units

The Company has not received the required information from suppliers under the Micro, Small and Medium enterprise Development Act, 2006. Hence, disclosure relating to unpaid amounts as at the end of the year together with the interest paid /payable as required under the said Act has not been made.


Mar 31, 2013

1. Related Party Disclosures

List of related parties Where Control Exists:

* Akhil Securities 41/298 D2, 2nd Floor, Saniya Plaza, Mahakavi Bharathiyar Road, Near KSRTC Bus Stand, Ernakulam - 682 035

* Bobby J Arakunnel, Kattikaran Tower, Providence Road, Kochi

* Jaya Paul Vadakkedathu, Ooramana, Ramamangalam a. Transaction with related parities

Name of related party Nature of Volume of Balance as on transaction transactions March31, 2013

Akhil Securities Unsecured 20,00,000/- - loan taken

Bobby J Arakunnel Unsecured 1,50,000/- - loan taken

Jaya Paul Unsecured 2,00,000/- - loan taken

2. Non Current Investments

Regarding the investment in equity shares of Pats pin India Limited classified under non current investment, the management is of the view that the decline in market value is not permanent considering the growth expected in the investees operations and trend in Indian stock market and hence no provision has been made.

3. Remuneration to Auditors

Particulars 2012-2013 2011-2012

Statutory Audit under the Companies Act 17,000/- 15,000/-

Service Tax 2,101/- 1,854/-

Expenses reimbursement - -

Total 19,101/- 16,854/-

4. Segment Reporting

The company's funds are presently deployed in banks and investments in shares, pending the acquisition of another plantation and/ or commencement of tea, rubber or other business. Consequently the need for separate disclosure as required under Accounting Standard 17- Segment Reporting is not considered relevant.

5. Contingent Liabilities

The Company has no material contingent liabilities as at March 31, 2013.

6. Foreign Currency

The company did not enter into any transaction involving foreign currency.

7. Comparative Figures

Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

8. Information on dues to Small Scale Industries Units

The Company has not received the required information from suppliers under the Micro, Small and Medium enterprise Development Act, 2006. Hence, disclosure relating to unpaid amounts as at the end of the year together with the interest paid /payable as required under the said Act has not been made.


Mar 31, 2012

1. Related Party Disclosures

a. List of related parties Where Control Exists:

* Akhil Securities 41/298 D2, 2nd Floor, Saniya Plaza, Mahakavi Bharathiyar Road, Near KSRTC Bus Stand, Ernakulam - 682 035

* Bobby J Arakunnel, Kattikaran Tower, Providence Road, Kochi

2. Non Current Investments

Regarding the investment in equity shares of Patspin India Limited classified under non current investment, the management is of the view that the decline in market value is not permanent considering the growth expected in the investees operations and trend in Indian stock market and hence no provision has been made.

3. Segment Reporting

The company's funds are presently deployed in banks and investments in shares, pending the acquisition of another plantation and/ or commencement of tea, rubber or other business. Consequently the need for separate disclosure as required under Accounting Standard 17- Segment Reporting is not considered relevant.

4. Contingent Liabilities

The Company has no material contingent liabilities as at March 31, 2012.

5. Foreign Currency

The company did not enter into any transaction involving foreign currency.

6. Comparative Figures

Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

7. Information on dues to Small Scale Industries Units

The Company has not received the required information from suppliers under the Micro, Small and Medium enterprise Development Act, 2006. Hence, disclosure relating to unpaid amounts as at the end of the year together with the interest paid /payable as required under the said Act has not been made.

 
Subscribe now to get personal finance updates in your inbox!