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Notes to Accounts of United Textiles Ltd.

Mar 31, 2014

1 Internal Salaries and wages incurred during the year on repairs and maintenance have been charged directly to Salaries and wages, the separate amounts of which are not ascertainable.

2 Other liabilities includes amount due to Director is Rs. 2,30,200/- (Previous Year Rs. 2,60,000/-).

3 In the opinion of the management the realizable value of assets other than fixed assets and long term investments, in the ordinary course of business would not be less than the amount at which they are stated.

4 The balances in respect of some of the Sundry Debtors/ Creditors and other advances are subject to confirmation. The effect of the same in the opinion of the management, however not material, will be adjusted at the time of confirmation/reconciliation.

5 The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

6 Segment Reporting :

Company operates in a Single Primary Segment (Business Segment ) i.e. Cotton Yarn. The Company does not have any Geographical segment.

7 Related Parties Transactions:

List of Related Parties and Relationship (As identified by the Management)

(A) Key Management Personnel and There Relatives:

1. Sh Sushil Kr. Aggarwal Whole-time Director

2. Sh Arun Kumar Aggarwal Whole-time Director

3. Vivek Kumar Aggarwal Relative of Key Management Personnel

4. Smt. Natho Devi Relative of Key Management Personnel

8 Previous year figures have been regrouped/re-arranged to make them comparable with the Current Year''s figures.

9 Note 1 to 24 are annexed to and from integral part of the Balance Sheet and Statement of Profit and Loss.


Mar 31, 2013

1. Internal Salaries and wages incurred during the year on repairs and maintenance have been charged directly to Salaries and wages, the separate amounts of which are not ascertainable.

2. Other liabilities includes amount due to Director is Rs. 260000/- (Previous Year Rs. 74400/-).

3. In the qxnicn of the management the realisable value of assets other than fixed assets and long term investments, in the ordinary course of business would not be less than the amount at which they are stated

4. The balances in respect of some of the Sundry Debtors/ Qeditors and other advances are subject to confirmation. The effect of the same in the opinion of the managemert, however not material, will be adjusted at the time of conLrrraticn/reoordiliation

5. The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

6 Previous year figure have been regrouped/re-arranged to make them comparable with the Current Year''s figures.


Mar 31, 2012

1. Internal Salaries and wages incurred during the year on repairs and maintenance have been charged directly to Salaries and wages, the separate amounts of which are not ascertainable.

2. Other liabilities includes amount due to Director is Rs. 74400/- (Previous Year Rs. 39200/-).

3. In the opinion of the management the realisable value of current assets, loans and advances, in the ordinary course of business would not be less than the amount at which th ey are stated .

4. The balances in respect of some ofthe Sundry Debtors/Creditors and other advances are subject to confirmation. The effect of the same in the opinion of the management, however not ma te rial, w ill be adjusted at the time of confirmation/reconciliation.

5. The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

6 Segment Reporting :

Company operates in a S ingle Primary Segment (Business Segment) i.e. Cotton Yarn. The Company does not have any Geographical segment.

The additional information pursuant to revised Schedule VI to the Companies Act, 1956 are either Nil or Not

7 Applicable.

The Financial Statements for the year ended 31st March, 2011 were prepared as per then applicable, pre- revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under

8 the Companies Act, 1956, the financial statements for the year ended 31st March 2012 are prepared in compliance with the Revised Schedule VI. Accordingly, the previous year figures have also been reclassified/regrouped to conform to current year's classification.

9 Signature to Notes 1 to 24

In terms of our report of even date annexed hereto


Mar 31, 2010

1. Internal Salaries and wages incurred during the year on repairs and maintenance have been charged directly to Salaries and wages, the separate amounts of which are not as certainable.

2. Other liabilities includes amount due to Directors is Rs. 1,33,800/- (Previous Year Rs. 1,75,100/-)

3. In the opinion of the management the realisable value of current assets, loans and advances, in the ordinary course of business would not be less than the amount at which they are stated.

4. The balances in respect of some of the Sundry Debtors/ Creditors and other advances are subject to confirmation. The effect of the same in the opinion of the management, however not material, will be adjusted at the time of confirmation/reconciliation.

5. Based on the information available with the Company, Sundry Creditors in Schedule I includes Rs Nil (Previous Year NIL ) due to Small Scale Industrial Undertakings. There is no Small Scale Industrial Undertakings to whom an amount was payable and outstanding for more than 30 days.

6. The company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

7 Segment Reporting:

Company operates in a Single Primary Segment (Business Segment) i.e. Cotton Yam. The Company does not have any Geographical segment.

8 Related Parties Transactions:

List of Reiated Parties & Relationship (As identified by the Management) (A) Key Management Personnel & There Relatives:

1. Sh Sushil Kr. Aggarwal Whole-time Director

2. Sh Arun Kumar Aggarwal Executive Director

3. Vivek Kumar Aggarwal Relative Of Key Management Personnel

4. Smt. NathO Devi Relative Of Key Management Personnel

9 Previous year figures have been regrouped and rearranged wherever considered necessary to make them comparable with the Current years Figures.

10 Schedule A to Q are annexed to and form an integral part of Balance Sheet and Profit and Loss Account.

 
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