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Notes to Accounts of Vinyoflex Ltd.

Mar 31, 2015

1. As per Accounting Standard (AS) 17 on "Segment Reporting"

Since the Company operates in a single Segment i. e. "P.V.C. film", Accounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants on India is not applicable.

2. Previous year figures have been regrouped where ever necessary.

3. Sundry debtors, Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

4. Installed production capacity is are per certified by the directors and has not been verified by Auditors, this being technical matter.

5. Director's Remuneration :

Salary to Managing Director 194994.00 (194994.00)

6. Income Tax Provision :

(a) Income tax provision has been made at applicable rate.

7. Since the Company operates in a single Segments i.e. "P.V.C. Film", Accounting Standard (AS) 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

8. Salary & Wages included salary to managing Director 194994.00 (194994.00)

9. Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2014 is translated at the rate as on that day.


Mar 31, 2014

1. The Company has only one class of shares referred to as Equity shares having a per value of Rs. 100/- each.

2. Since Company has neither issue shares nor buyback shares during the year under review, reconciliation of number of outstanding Equity Shares is not required.

3. Working capital loans are secured by hypothecation of present and future stock of raw materials, stock-in- process, finished goog, stores and spares, book debts, receivable & guaranteed by all directors

4. The details of amounts outstanding to Micro, Small and medium enterprise based on the information with the Company is as under.

As regard the amount outstanding to Micro, Small and Medium enterprise, we have been given to understand by the Comapany that the Company has requested their suppliers to give information about their status as to Micro, Small Medium as defined in the Micro, Small and Medium Enterprises Development Act, 2006. In absence of such information the Company is unable to provide the details in current liabilities regarding the amount outstanding to such enterpriese.

5. As per Accounting Standard (AS) 17 on "Segment Reporting"

Since the Company operates in a single Segment i. e. "P.V.C. film", Acounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants on India is not applicable.

6. CONTIGENT LIABILITIES AND COMMITMENTS: Aa at Aa at 31 st March, 2014 31 st March, 2013

Nil Nil

7. Previous year figures have been regrouped where ever necessary.

8. Sundry debtors, Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

9. Installed production capacity is are per certified by the directors and has not been verified by Auditors, this being technical matter.

10. Income Tax Provision :

(a) Income tax provision has been made at applicable rate.

11. Since the Company operates in a single Segments i.e. "P.V.C. Film", Accounting Standard (AS) 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

12. Salary & Wages included salary to managing Director 194994.00 (194994.00)

13. Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2014 is translated at the rate as on that day.,

14.a The above Quantity details of purchases and Closing stock dose not includes the quantity and value of stock in transit, if any, as at 31.03.2014

b Purchases inscludes Rs. 1443589.00 of sales return.


Mar 31, 2013

1. As per Accounting Standard (AS) 17on "Segment Reporting"

Since the Company operates in a single Segment i. e. "P.V.C. film", Acounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants on India is not applicable.

2. CONTIGENT LIABILITIES AND COMMITMENTS :

31st March, 2013 31st March, 2012

Nil Nil

3. Previous year figures have been regrouped where ever necessary.

4. Sundry debtors, Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

5. Installed production capacity is are per certified by the directors and has not been verified by Auditors, this being technical matter.

6. Director''s Remuneration :

Salary to Managing Director 194994.00 (184498.00)

7. Income Tax Provision :

(a) Income tax provision has been made at applicable rate.

8. Since the Company operates in a single Segments i.e. "P.V.C. Film", Accounting Standard (AS) 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

9. Salary & Wages included salary to managing Director 194994.00 (184498.00)

10. Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2009 is translated at the rate as on that day.


Mar 31, 2012

1. As per Accounting Standard (AS) 17 on "Segment Reporting"

Since the Company operates in a single Segment i. e. "P.V.C. film", Accounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants on India is not applicable.

2. CONTINGENT LIABILITIES AND COMMITMENTS :

As at As at 31st March, 2012 31st March, 2011

Nil Nil

1. Previous year figures have been regrouped where ever necessary.

2. Sundry debtors, Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

3. Installed production capacity is are per certified by the directors and has not been verified by Auditors, this being technical matter.

4. Income Tax Provision :

(a) Income tax provision has been made at applicable rate.

5. Since the Company operates in a single Segments i.e. "P.V.C. Film", Accounting Standard (AS) 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

6. Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2009 is translated at the rate as on that day.,

7. Information pursuant to the provision of paragraph 3 & 4 of the part II of the Schedule IV of the Companies Act is as under:

I. Particulars of Licence capacity. Installed capacity and production. Particulars Class of Goods Mtrs.

(a) Licence Capacity PVC Film No licence is required

(b) Installed Capacity PVC Film 6000 Mts. P.A. on triple shift basis

(c) Production PVC Film 3544.847 Mts. (3274.731 Mts.)


Mar 31, 2010

1. Previous year figures have been regrouped where ever necessary.

2. Sundry debtors. Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

3. Installed production capacity is as per certified by the directors and has not been verified by Auditors, this being technical matter.

4. Sundry creditors include Rs. 4483062/- being amount payable to Micro, Small and Medium Enterprise , as defined in the Micro, Samll, Medium Enterprises Development Act, 2006, in excess of Rs.1.00 lacs and outstanding for more than 30 days. This amount has been, determined to the extent such parties are identifide by the company on the basis of information available with them and has been relied upon by the auditors.

Note: 1. Relative of some of the directors of the Company.

2. Some the directors of the Company are director in the Company.

5. Income Tax Provision:

(a) Income tax provision has been made on the basis of Minimu Alternative Tax.

(b) Deferred Taxation:

6. Since the Company operates in a single Segment i.e. " P.V.C. Film", Accounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

7. Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2009 is translated at the rate as on that day.,

8. Information pursuant to the provision of paragraph 3 & 4 of the part II of the Schedule IV of the Companies Act is as under:

I. Particulars of Licence capacity. Installed capacity and production. Particulars Class of Goods Mtrs.

Particulars Class of Goods Mtrs.

(a) Licence Capacity PVC Film No licence is required

(b) Installed Capacit PVC Film 6000 Mts. P.A. on triple shift basis

(c) Production PVC Film 3011.115 Mts. (3014.068 Mts.)





The above quantity of Mts. Production, Sales and Closing stock which includes quantity of certain items produced and measured in meters but the same is converted into MTS. [Kgs.j on approximate basis for uniformity.

1. The above Quantity details of purchases and Closing stock dose not includes the quantity and value of stock in transit, if any, as at 31.03.2010

2. Purchases inscludes Rs. 970013/- of sales return.

Since the Company operates in a single Segment i.e. " P.V.C. Film", Accounting Standard (AS) 17th Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.






Mar 31, 2009

1 Previous year figures have been regrouped where ever necessary.

2 Sundry debtors, Creditors and Loans and Advances are shown as appearing in the accounts and same are subject to confirmation.

3 Installed production capacity is as per certified by the directors and has not been verified by Auditors, this being technical matter.

4 Dues to SSI Unots:Sundry creditors include Rs. 1769120/- being amount payable to SSI undertakings in excess of Rs. 1.00 lacs and outstanding for more than 30 days. This amount has been determined to the extent such parties are identified by the company on the basis of information available with them and has been relied upon by the auditors.

5 Directors Remuneration : Salary to managing Director 63500.00 (Rs. 63500/-)

6 Since the Company operates in a single Segment i.e. " P.V.C. Film", Accounting Standard (AS) 17" Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

7 Foreign Exchange Transactions :

Foreign Exchange transactions are accounted for at the rates prevailing on the day of transactions and the difference on the actual realisation through bank is transferred to foreign exchange difference account. The amount outstanding, if any, as at 31.03.2009 is translated at the rate as on that day.

 
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