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Notes to Accounts of Tyche Industries Ltd.

Mar 31, 2015

A. Terms / rights attached to equity shares

"The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The Company declare and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.During the year ended March 31, 2015 amount of Dividend per share recognised as distributions to equity shareholders is Rs. 0.50 (March 31,2014: Rs.0.50)

(B) Previous year figures have been re-grouped wherever necessary to conform to the classification adoptedforthe currentyear.

(C) Figures are rounded off to the nearest rupee.


Mar 31, 2014

1. Deferred Tax Liablities (Net)

In compliance with Accounting Standard (AS-22) relating to ''Accounting for taxes on income'' issued by the Institute of Chartered Accountants of India, the Company has provided the deferred tax liability accruing during the year aggregating to Rs.46,85,911/- in the Profit & Loss Account. Deferred Tax Liability (Net) of Rs. 2,55,69,726/- shown in the Balance Sheet as on 31.03.2014 comprises of the following: :

(a) Previous year figures have been re-grouped wherever necessary to conform to the classification adopted for the current year.

(b) Figures are rounded off to the nearest rupee.


Mar 31, 2013

A. Related Party Transactions:

Related party Disclosures, as required by Accounting Standard 18 "Related Parties Disclosures” by the Institute of Chartered Accountants of India are as given below.

(B) Previous year figures have been re-grouped wherever necessary to conform to the classification adopted for the current year.

(C) Figures are rounded off to the nearest rupee.


Mar 31, 2012

1. Share Capital

a. Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share.

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

During the year ended March 31, 2012, amount of dividend per share recognised as distributions to equity shareholders is Rs.0.50 (March 31,2011: Rs.0.50)

(b) Previous year figures have been re-grouped wherever necessary to conform to the classification adopted for the current year.

(c) Figures are rounded off to the nearest rupee.


Mar 31, 2010

1. VALUATION OF INVENTORY:

The company has adopted the Policy to value the Raw materials, stores and spares and finished goods at cost, Work- in- process is valued at cost of Raw materials plus proportionate overheads as per AS 2 issued by ICAI. Cost includes all charges incurred for bringing the goods to the location of the manufacturing facilities.

2. SECURED LOANS:

The company has availed fund based limits in the form of Rs 10.00 crores (interchangeable cash credit limit of Rs 6.00 crores, EPC limit of Rs 6.00 crores, FBP limit of Rs 6.00 crores) and non fund based limit of Rs 1.00 crores in the form of Letters of credit (Inland/ foreign) against hypothecation of stocks of raw materials, work in process, finished goods, & book debts from Bank of India & Secured by other assets & also secured by personal guarantee of Managing director and collateral securities of assets with negative lien on net block other then assets mentioned below:

1) 3.00 acres of individual land with godown situated at S.Y 94/1, Sarpavaram Village, Kakinada.

2) Plot No 31 & 32 in S.Y 92 admeasuring 520 sq yards and 487 sq yards respectively belonging to company.

3. CONFIRMATION OF BALANCES:

The balances outstanding on account of sundry debtors/sundry creditors/advances are subject to confirmation from the respective parties.

4. MICRO, SMALL AND MEDIUM UNITS DUES:

As per the information and explanations available with the company there are no dues to Micro, small and medium enterprises, as defined in the Micro, small and medium enterprises Development Act, 2006, to whom the company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made

5. PREVIOUS YEAR FIGURES:

Previous year figures are regrouped wherever necessary to make them comparable with that of current year classification.

6. ROUNDING OFF:

Paise have been rounded off to the nearest rupee.

7. OTHER PROVISIONS OF SCHEDULE-VI:

Other provisions of Schedule-VI of the Companies Act, 1956 are not applicable to the company.

 
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