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Notes to Accounts of Vikas Granaries Ltd.

Mar 31, 2015

1. Segment information

The Company is engaged in the business of manufacturing of guar gum and its derivatives which as per Accounting Standard 17 on Segment Reporting" is considered to be the only reportable business segment.

2. Detail of dues to micro and small enterprises denned under the MSMED Act 2006

The Company has requested its vendors to confirm their status under Micro, Small and Medium Enterprises Development Act, 2006. Based on the confirmations received, there are no amounts due to any micro or small enterprise under the MSMED Act, 2006.

3. Commitments and contingent liabilities

a) Firm capital commitments

Estimated amount of contracts remaining to be executed on capital account is Rs.98.56 lacs (previous year Rs. 105.82 lacs)

4. During the year the company has organised seed distribution programme, in which gaur seed for Rs 10.27 lacs was distributed free of cost to farmers for promotion of guar cultivation as Corporate Social responsibility prescribed under section 135 of the Companies Act, 2013.

5. Previous year's figures have been re-grouped or re-arranged wherever necessary.


Mar 31, 2014

1. Detail of dues to micro and small enterprises defined under the MSMED Act 2006

The Company has requested its vendors to confirm their status under Micro, Small and Medium Enterprises Development Act, 2006. Based on the confirmations received, there are no amounts due to any micro or small enterprise under the MSMED Act, 2006.

2. Commitments and contingent liabilities

a) Firm capital commitments

Estimated amount of contracts remaining to be executed on capital account is Rs.105.82 lacs (previous year Rs. 114.26 lacs)

3. Imported and indigenous raw materials, components and spare parts consumed

4. Previous year''s figures havve been re-grouped or re-arranged wherever necessary.


Mar 31, 2013

1. Corporate information

Vikas Granaries Limited was incorporated in the year 1994. Te shares of the Company were listed on Bombay Stock Exchange Limited ("the stock exchange") and other stock exchanges in India in 1996. Te Company is an agro based industry manufacturer of Guar Gum Powder and its derivatives.

2. Basis of preparation

Te fnancial statements are prepared under historical cost convention on accrual basis in accordance with Generally Accepted Accounting Principles (GAAP) in India, applying the accounting standards notifed under the Companies (Accounting Standards) Rules, 2006, (as amended) and other relevant provisions of the Companies Act, 1956.

All assets and liabilities have been classifed as current or non-current as per the company''s normal operating cycle and other criteria set out in Revised Schedule VI to the companies Act, 1956. Company has determined its operating cycle as twelve months for the purpose of current/ non-current classifcation of assets and liabilities.

3. Segment information

Te Company is engaged in the business of manufacturing of guar gum and its derivatives which as per Accounting Standard 17 on Segment Reporting" is considered to be the only reportable business segment.

4. Detail of dues to micro and small enterprises defned under the MSMED Act 2006

Te Company has requested its vendors to confrm their status under Micro, Small and Medium Enterprises Development Act, 2006. Based on the confrmations received, there are no amounts due to any micro or small enterprise under the MSMED Act, 2006.

5. Commitments and contingent liabilities a) Firm capital commitments

Estimated amount of contracts remaining to be executed on capital account is Rs.114.26 lacs (previous year Rs. 12.09 lacs)

6. Previous year''s fgures have been re-grouped or re-arranged wherever necessary.


Mar 31, 2010

1. Vikas Granaries Limited (Formerly known as Adarsh Derivatives Limited) was incorporated in the year 1994. The shares of the Company were listed on Bombay Stock Exchange Limited ("the stock exchange") and other stock exchanges in India in 19%. The Company is an agro based industry manufacturer of Guar Gum Powder and its derivatives.

2. During the year the Company has raised its authorized share capital from 31,000,000 equity shares of Rs.10 each to 60,000,000 equity shares of Rs. 10 each.

3. The Company is engaged in the business of manufacturing of guar gum and its derivatives which as per Accounting Standard 17 on "Segment Reporting" is considered to be the only reportable business segment.

4. Information required as per the Micro, Small and Medium Enterprises Development Act, 2006

The Company has requested its vendors to confirm their status under Micro, Small and Medium Enterprises Development Act, 2006. Based on the confirmations received, there are no amounts due to any micro or small enterprise under the MSMED Act, 2006.

5. Commitments and contingent liabilities Firm capital commitments

Estimated amount of contracts remaining to be executed on capital account Rs 117.54 lacs (Previous year Rs. 284.05 lacs).

6. Previous year figures have been regrouped or recast wherever necessary to make them comparable with those of the current year.

 
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