Mar 31, 2015
1 CORPORATE INFORMATION
The company is carrying on the business of manufacture and trading of
garment accessories such as labels narrow fabric woven labels, printed
labels, hang tags, plastic seals etc. Company has its manufacturing
facility at Panchkula, Haryana
Contingent Liabilities
Curr.Yr. Prev.Yr.
Contingent Liabilities not Provided for
Claims against the company not
acknowledged as debt: Nil Nil
Uncalled Liabilities on shares partly paid up: Nil Nil
Arrears of Fixed Cummulative Dividend: Nil Nil
Estimated amount of contracts remaining to
be executed on capital account and not provided
for: Nil Nil
Other money for which the company is contingently liable:
i) Guarantees given by banks on behalf of the company
- to Reliance Industries Ltd. 5000000 5000000
- to Deputy Commissioner of customs 715000 715000
ii) Letters of credit open by the bank 0 0
3 In the opinion of the Directors current assets loans & advances have
a value on realization in ordinary course of business at least equal to
the value at which they have been stated in the Balance sheet.
4 Small Scale Creditors
Sundry Creditors includes Rs 15,59,669/- (Previous year -Rs.
17,84,427/-) due to Micro/Small/Medium enterprises. There is no
undertaking from whom amount outstanding for more than 30 Days in
respect of small scale undertaking where such dues exceeds Rs. 1.00
lacs (Previous year NIL)
5 Balances of sundry creditors, Sundry debtors and other advances are
subject to confirmation
6. Employee Benefits
The company has adopted Accounting Standard 15(Revised) on accounting
for Employee Benefits and has accounted the liability on the basis of
actuarial valuation. The company has taken gratuity policy from SBI
Life Insurance Co. Ltd and during the year contributed Rs. 10.00 lacs.
Provision for leave salary is made by debit to profit and loss account
7. Related Party disclosures as per AS-18
a. List of related & Associated parties
Name of Party Relationship
Uniroyal Builders & Developers Partnership Investment of 50%
Share of the Company
A M Textiles & Knitwears Limited 100% subsidiary company
b. Key management personnel
Mr. Arvind Mahajan Managing Director
Mrs Rashmi Mahajan Executive Director
Mr. Akhil Mahajan Executive Director
Mr. Abhay Mahajan Executive Director
8. Previous Years Figures
Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification
/disclosure.
Mar 31, 2014
1.Issued, Subscribed And Paid Up Capital Uniroyal Industries Ltd
82,68,720 ( Previous year-82,68,720) Equity shares of Rs. 10/- each
-22,33,200 Shares of Rs. 10/- each fully paid up have been allotted
pursuant to a scheme of Amalgamation, without payments being received
in cash in 2006 Details of shares held by each shareholder holding more
than 5% shares Equity Shares with voting rights
(a) Cash Credit from banks- secured
Secured by way of first charge on debtors arising out of trade
transactions & stocks of raw materials and consumable stores stocks in
process finished goods and packing materials and by way of charge on
the immovable assets of the company and personal guarantees of promoter
directors
2. Contingent Liabilities
Curr. Yr. Prev. Yr.
Contingent Liabilities Not Provided for
Claims against the company not Nil Nil
acknowledged as debt :
Uncalled Liabilities on shares partly Nil Nil
paid up :
Arrears of Fixed Cummulative Dividend : Nil Nil
Estimated amount of contracts remaining
to be executed
on capital account and not provided for: Nil Nil
Other money for which the company is
contingently liable :
i) Guarantees given by banks on behalf of
the company
- to Reliance Industries Ltd. 5000000 5000000
- to Deputy Commissioner of customs 715000 715000
ii) Letters of credit open by the bank 0 0
3 In the opinion of the Directors current assets loans & advances have
a value on realization in ordinary course of business at least equal to
the value at which they have been stated in the Balance sheet.
4 Small Scale Creditors
Sundry creditors includes Rs 17,84,427/- (Previous year- Rs.
12,26,609/- ) due to Micro/Small/Medium enterprises. There is no
undertaking from whom amount outstanding for more than 30 days in
respect of small scale underakings where such dues exceeds Rs. 1.00
lacs ( Previous year NIL)
5 Balances of sundry creditors, Sundry debtors and other advances are
subject to confirmation
6 Following items are being carried in the name of the erstwhile
company i.e. Sidharta Textile Mills Ltd. which was subsequently merged
with the company:
Fixed Assets - Vehicles (Santro and Honda CRV) included in the fixed
assets note no ''9'' having WDV as on 31.3.2014 amounting to Rs. 2.17
lacs
7 The effect of profit / loss (if any) in case of investment in the
following Partnership Firms for the period from the availability of the
audited financial statements upto the date of annual accounts i.e
31.03.2014 have not been considered in these financial statement as the
same are not available with the company.
In case of Uniroyal Builders & Promoters w.e.f 1.4.2007.
8 Employee Benefits
The Company has adopted Accounting Standard 15 (Revised) on accounting
for Employee Benefits and has accounted the liability on the basis of
acturial valuation. The company has teken gratuity policy from SBI Life
Insurance Co. Ltd and during the year contributed Rs. 10.00 lacs..
Provision for leave salary is made by debit to profit and loss account.
The necessary disclosure as per Accounting Standard 15 is as under :
9 Related Party disclosures as per AS-18
a. List of related & Associated parties
Name of Party Relationship
Uniroyal Builders & Developers Partnership Investment of 50% Share of
the Company
Uniroyal Builders & Promoters Partnership Investment 25% Share of
the Company
A MTextiles & Knitwears Limited 100% subsidiary company
b. Key management personnel
Mr. Arvind Mahajan Managing Director
Mrs Rashmi Mahajan Executive Director
Mr. Akhil Mahajan Executive Director
Mr. Abhay Mahajan Executive Director
Mar 31, 2013
1. CORPORATE INFORMATION
The company is carrying on the business of manufacture and trading of
garment accessories such as labels narrow fabric woven labels, prinited
labels, hang tags, plastic seals etc. Company has its manufacturing
facility at Panchkula, Haryana
2. Contingent Liabilities
Curr.Yr. Prev.Yr.
Contingent Liabilities
Not Provided for
Claims against the company
not acknowledged as debt: Nil Nil
Uncalled Liabilities on shares
partly paid up: Nil Nil
Arrears of Fixed Cummulative
Dividend: Nil Nil
Estimated amount of contracts
remaining to be executed
on capital account and not provided for: Nil Nil
There is a contingent liability of Rs. 138.02 lacs in respect of closed
pharma divison merged with the company on account of sales tax
exemption availed by it. The erestwhile company was granted sales tax
exemption for Rs. 506.85 lacs to be availed in 120 months by DETC,
Patiala based on the eligibility certificate issued by the DIC Patiala
on the basis of unit beiing considrered as EOU. Later on due to
inadequate exports the category of the company was shifted from
category A to B i.e General category vide letter dated 26/09/2002. The
sales tax exemption claimed by the erestwhile company was within the
eligibility limits of category B granted to the company. However later
on the letter of category change was withdrawn by the department. This
suo motto withdrawal of the eligiblity of exemptiom is illegal and
unjustified and the company is making efforts to restore the exemption.
While framing assessment for the year 2004-05 a demand notice of Rs.
56.65 lac was raised by the AETC on the basis that the company being
inelignle for sale tax exemtion. The company has taken upo the matter
with the Punjab Government through Industries departmeny. The matter
has been refereed to cabinet and is pending for decision. The company
has not recognised this liability in the books being hopeful of
favourable decision.
3 In the opinion of the Directors current assets loans & advances have
a value on realization in ordinary course of business at least equal to
the value at which they have been stated in the Balance sheet.
4 Small Scale Creditors
Sundry creditors includes Rs 12,26,609/- (Previous year- Rs.
9,69,854/-) due to Micro/Small/Medium enterprises. There is no
undertaking from whom amount outstanding for more than 30 days in
respect of small scale underakings where such dues exceeds Rs. 1.00
lacs (Previous year NIL)
5 Balances of sundry creditors, Sundry debtors and other advances are
subject to confirmation
6 Following items are being carried in the name of the erstwhile
company i.e. Sidharta Textile Mills Ltd. which was subsequently merged
with the company:
Fixed Assets - Vehicles (Santro and Honda CRV) included in the fixed
assets note no ''9'' having WDV as on 31.3.2013 amounting to Rs. 4.00
lacs
7 The effect of profit / loss (if any) in case of investment in the
following Partnership Firms for the period from the availability of the
audited financial statements upto the date of annual accounts i.e
31.03.2013 have not been considered in these financial statement as the
same are not available with the company.
In case of Uniroyal Builders & Promoters w.e.f 1.4.2007.
8 Previous Years Figures
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2012
1 CORPORATE INFORMATION
The company is carrying on the business of manufacture and trading of
garment accessories such as labels narrow fabric woven labels, printed
labels, hang tags, plastic seals etc. Company has its manufacturing
facility at Panchkula, Haryana
2 Contingent Liabilities
Curr.Yr. Prev.Yr.
Contingent Liabilities Not Provided for
Claims against the company not
acknowledged as debt: Nil Nil
Uncalled Liabilities on shares partly paid up: Nil Nil
Arrears of Fixed Cumulative Dividend : Nil Nil
Estimated amount of contracts remaining
to be executed on capital account and Nil Nil
not provided for:
Other money for which the company is contingently liable:
i) Guarantees given by banks on behalf
of the company
- to Reliance Industries Ltd. 5000000 5000000
- to Deputy Commissioner of customs 715000 715000
ii) Letters of Credit opened by the Bank 0 0
There is a contingent liability of Rs. 138.02 lacs in respect of closed
pharma division merged with the company on account of sales tax
exemption availed by it. The erstwhile company was granted sales tax
exemption for Rs. 506.85 lacs to be availed in 120 months by DETC,
Patiala based on the eligibility certificate issued by the DIC Patiala
on the basis of unit being considered as EOU. Later on due to
inadequate exports the category of the company was shifted from
category A to B i.e General category vide letter dated 26/09/2002. The
sales tax exemption claimed by the erstwhile company was within the
eligibility limits of category B granted to the company. However later
on the letter of category change was withdrawn by the department. This
suo motto withdrawal of the eligibility of exemption is illegal and
unjustified and the company is making efforts to restore the exemption.
While framing assessment for the year 2004-05 a demand notice of Rs.
56.65 lac was raised by the AETC on the basis that the company being
ineligible for sale tax exemption. The company has taken upto the matter
with the Punjab Government through Industries department. The matter
has been refereed to cabinet and is pending for decision. The company
has not recognized this liability in the books being hopeful of
favorable decision.
3 In the opinion of the Directors current assets loans & advances have
a value on realization in ordinary course of business at least equal to
the value at which they have been stated in the Balance sheet.
4 Small Scale Creditors
Sundry creditors includes Rs. 9,69,854/- (Previous year - Rs.
8,56,614/-) due to Micro/Small/Medium enterprises. There is no
undertaking from whom amount outstanding for more than 30 days in
respect of small scale undertakings where such dues exceeds Rs. 1.00
lacs (Previous year NIL)
5 Balances of sundry creditors, Sundry debtors and other advances are
subject to confirmation
6. Following items are being carried in the name of the erstwhile
company i.e. Sidharta Textile Mills Ltd., which was subsequently merged
with the company:
Fixed Assets - Vehicles (Santro and Honda CRV) included in the fixed
assets note no '9' having WDV as on 31.3.2012 amounting to Rs. 5.84
lacs
7. The effect of profit/loss (if any) in case of investment in the
following Partnership Firms for the period from the availability of the
audited financial statements upto the date of annual accounts i.e
31.03.2012 have not been considered in these financial statement as the
same are not available with the company.
In case of Uniroyal Builders & Promoters w.e.f 1.4.2007.
8 Employee Benefits
The Company has adopted Accounting Standard 15 (Revised) on accounting
for Employee Benefits and has accounted the liability on the basis of
acturial valuation. The company has taken gratuity policy from SBI Life
Insurance Co. Ltd and during the year contributed Rs. 2.50 lacs.
Provision for leave salary is made by debit to profit and loss account.
9 Related Party disclosures as per AS-18
a. List of related & Associated parties
Name of Party Relationship
Uniroyal Builders & Developers Partnership Investment of 50% Share
of the Company
Uniroyal Builders & Promoters Partnership Investment 25% Share of
the Company
AM Textiles & Knitwears Limited 100% subsidiary company
(b) Key management personnel
Mr.Arvind Mahajan Managing Director
Mrs Rashmi Mahajan Executive Director
Mr.Akhil Mahajan Executive Director
Mr. Abhay Mahajan Executive Director
Mar 31, 2010
1. Contingent Liabilities
Contingent Liabilities
Not Provided for Current
Year Previous Year
Claims against the company not
acknowledged as debt: Nil Nil
Uncalled Liabilities on shares partly paid up : Nil Nil
Arrears of Fixed Cummulative Dividend: Nil Nil
Estimated amount of
contracts remaining to be executed on capital
account and not provided for: Nil Nil
Other money for which the company
is contingently liable :
i) Guarantees given by banks on behalf 50 Lakhs 50 Lakhs
of the company - to Reliance Industires Ltd.
ii) Letters of Credit
opened by the Bank 0 0
iii) There is a contingent liability of Rs. 138.02 lacs in respect of
closed pharma divison merged with the company on account of sales tax
exemption availed by it. The erstwhile Company was granted Sale Tax
Exemption for Rs. 506.85 lacs to be availed in 120 months by AETC
Patiala based on the eligibility certificate issued by the DIC Patiala
on the basis of the unit being considered as EOU. Later on due to
inadequate exports the category of the company was shifted from
Category A to B i.e. General Category vide letter dated 26/09/2002. The
sales tax exemption claimed by the erstwhile company was within the
eligibility limits of category B granted to the company. However as
mentioned by DETC (Appeals) the afore mentioned letter was withdrawn by
the department. This suo motto withdrawal of the eligibility of
exemption is illegal and unjustified and the company is making efforts
to restore the exemption. However while framing assessment for the year
2004-05 a demand notice of Rs. 56.65 lacs was raised by The Excise &
Taxation Officer on the basis of the erstwhile company being ineligible
for sales tax exemption. The company has preferred an appeal before
the Deputy Excise and Taxation Commissioner, Appeals, Patiala and the
decision of which is still awaited. The company has not recognised this
liability in the books being hopeful of the favourable decision.
2. In the opinion of the Directors current assets loans & advances
have a value on realization in ordinary course of business at least
equal to the value at which they have been stated in the Balance sheet.
3. Small Scale Creditors
Sundry creditors includes Rs 526022/- (Previous year- Rs. 104518/-) due
to Micro/Small/Medium enterprises. There is no undertaking from whom
amount outstanding for more than 30 days in respect of small scale
undertakings where such dues exceeds Rs.1 lac. ( Previous year-Nil)
4. Balances of sundry creditors, Sundry debtors and other advances are
subject to confirmation.
5. Following items are being carried in the name of the erstwhile
company i.e. Sidharta Textile Mills Ltd. which was subsequently merged
with the company :
Fixed Assets - Vehicles (Santro and Honda CRV) included in the fixed
assets schedule E having WDV as on 31.3.2010 amounting to Rs. 9.50
lacs
6. Following items are being carried in the name of directors of the
company
Fixed Assets - Vehicles (Innova) included in the fixed assets schedule
E having WDV as on 31.3.2010 amounting to Rs.5.60 lacs
7. The effect of profit / loss (if any) in case of investment in the
following Partnership Firms for the period from the availability of the
audited financial statements upto the date of the Annual Accounts i.e.
31.3.2010 have not been considered in these financial statements as the
same are not available with the company:
In case of Uniroyal Builders & Promoters w.e.f 1.4.2007.
8. Managerail Remuneration
(Remuneration is within the limit prescribed under Schedule XIII to the
Companies Act, 1956.)
9. Employee Benefits
The Company has adopted Accounting Standard 15 (Revised) on accounting
for Employee Benefitsed by the Institute of Chartered Accountants of
India and has accounted the liability and planned assets on the basis
of actuarial valuation during the year company took gratuity policy
form SBI Life Insurance Co. Ltd. and contributed Rs. Five Lacs.
10. Related Party disclosures as per AS-18
a) List of related & Associated parties
Name of Party Relationship
Uniroyal Builders & Developers Partnership Investment of 50% Share of
the Company
Uniroyal Builders & Promoters Partnership Investment 25% Share of the
Company
A M Textiles & Knitwears Ltd. 100% subsidiary company
b) Key management personnel
Mr. Arvind Mahajan Managing Director
Mrs Rashmi Mahajan Executive Director
Mr. Akhil Mahajan Executive Director
Mr. Abhay Mahajan Executive Director
Mr. Pritam Chand Mahajan Director
11. Information required by paragraph 3,4 (C) and 4(D) of part-ll of
schedule VI of Companies Act,1956.
12. Previous Years Figures
Previous Years figures have been rearranged where ever necessary.
13. Balance sheet abstract and companys general profile as per Part
IV of schedule VI of the Companies Act, 1956: