Mar 31, 2018
a. Terms / rights attached to equity shares
âThe 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, 2018 amount of Dividend per share recognised as distributions to equity shareholders is Rs. 0.50 (March 31,2017: Rs.0.50)â
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 309,600/- in the Profit & Loss Account. Deferred Tax Liability (Net) of ` Rs. 1,96,47,455/- shown in the Balance Sheet as on 31.03.2018 comprises of the following:
**The Information relating to Micro & Small enterprises as envisaged under the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues on account of prinicipal and interest not forthcoming from the respective parties.
1. Other Current Liabilities
Note: 1 Disclosure pursuant to Note no 6 (G) of Part I of Schedule III to the Companies Act 2013.
A. Related Party Transactions: Related party Disclosures, as required by Accounting Standard 18 â âRelated Parties Disclosuresâ by the Institute of Chartered Accountants of India are as given below.
All related party transactions during the year, in the ordinary course of business, were on armâs length basis.
B. Cash and cash equivalents:
Cash and cash equivalents consist of cash on hand, demand deposits and short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value. For this purpose, âshort-termâ means investments having maturity of twelve months or less from the date of investment. Bank overdrafts that are repayable on demand and form an integral part of our cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows.
C. Forfeiture of shares: The company has issued notices to the shareholders for payment of calls in arrears on various dates, after the issue of said notices the company is left with unpaid capital of Rs 46,600/- unpaid on 9,320 equity shares @ Rs 5/- share. The company after taking approvals from stock exchange, the said share capital is written off accordingly in books.
D. Managerial Remuneration:
E. The Figures of the previous years have been re-grouped/re-arranged wherever necessary.
Mar 31, 2016
b. 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, 2016 amount of Dividend per share recognized as distributions to equity shareholders is Rs. 0.50 (March 31,2015: Rs.0.50)"
C. Disclosure pursuant to Note no. 6(A)(g) of Part I of Schedule III to the Companies Act, 2013
The Information relating to Micro & Small enterprises as envisaged under the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues on account of principal and interest not forthcoming from the respective parties.
(h) Previous year figures have been re-grouped wherever necessary to conform to the classification adopted for the current year.
(i) Figures are rounded off to the nearest rupee.
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.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article