Mar 31, 2016
1. As the company''s business activity fall within single segments viz Textile Business, the disclosure requirement of AS-17 (Segment Reporting) issued under Companies (Accounting Standards) Rules notified under section 133 of the Companies Act, 2013 read with the companies (Accounts) Rules 2014 is not applicable.
2. The company has not received intimation from its suppliers regarding their status as per the provisions of "Micro, Small and Medium Enterprise Development Act 2006". As per information available with the company, The Company has made payment to creditors generally within stipulated period as provided in Act referred above. Hence the company has not provided for any interest payable to small, micro and medium enterprises. The company has not received any claim for interest payable and does not expect such claims, if made later, to be for material amount.
3. There are no material significant related party transactions entered into by the Company with its Promoters, Directors, Key Managerial Personnel or other designated persons, which may have a potential conflict with the interest of the Company at large.
4. Balances of Sundry Debtors, Sundry creditors, Advances, Deposits, Loans and Bank Balances are subject to confirmation, reconciliation and adjustment if any.
5. The Value of Inventories is taken as Certified by the Management.
6. Contingent Liabilities: NIL
7. The company has during the year provided Depreciation on fixed assets based on estimated life and realizable value as prescribed in schedule II of Companies Act, 2013.
8. Previous yearâs figures are regrouped wherever necessary.
Mar 31, 2015
1. Terms / rights attached to equity shares
The Company has only one class of equity shares having a par value of
Re. 1/- per share.
2. Corporate Information
Visagar Polytex Limited (the Company) is a public limited company
domiciled in India and incorporated under the provisions of the
Companies Act, 1956. Its shares are listed on the Bombay Stock
Exchange.
Jun 30, 2014
RETIRMENT BENEFITS
Provision for Payment of Gratuity Act, 1972 is not applicable and as
such no provision is made. Leave Encashment, if any, would be accounted
for as and when paid.
In the opinion of the Board the value of Current Assets, Loans &
Advances have a value in ordinary course of business at least equal to
that stated in the Balance Sheet except in case of those show in
doubtful. Loans & Advances, Sundry Debtors & Sundry creditors are
subject to confirmation from the parties.
No Interest has been provided for the year on loans & advances made by
the Company during the year in many cases.
Estimated Amount of Contracts Remaining to be executed on Capital
Accounts and not provide for Rs.
NIL.
Additional information Pursuant to the Provision of Paragraph 3, 4C and
4D of part II of the Schedule VI of the Companies Act, 1956.
Particulars of Purchase, Turnover and Stock of Goods traded in - Other
additional information - NIL (Previous Year NIL)
Earning & Expenditure in Foreign Currency - NIL ( Previous Year NIL)
Previous Year's Figure have been Regrouped and rearrange wherever found
necessary.
Signature to the Schedule 1 to 24 forming part of the Balance Sheet &
Profit & Loss Account.
Jun 30, 2013
1. In the opinion of toe Board toe value of Current Assets, Loans &
Advances have a value in ordinary course of business at least equal to
that stated in toe Balance Sheet except in case of those show in
doubtful. Loans & Advances, Sundry Debtors & Sundry creditors are
subject to confirmation tom toe parties.
2. No Interest has been provided for toe year on loans & advances made
by toe Company during the year in many cases.
3. Estimated Amount of Contracts Remaining to be executed on Capital
Accounts and not provide for Rs. NIL.
4. Additional information Pursuant to toe Provision of Paragraph 3, 4C
and 4D of part II of toe Schedule VI of toe Companies Act, 1956.
A. Particulars of Purchase, Turnover and Stock of Goods traded in -
B. Other additional information - NIL (Previous Year ML)
C. Earning & Expenditure in Foreign Currency - NIL ( Previous Year ML)
5. Previous Year''s Figure have teen Regrouped and rearrange wherever
found necessary.
Jun 30, 2010
1. In the opinion at the Board the value of Current Assets, Loans &
Advances have a value in ordinary course of business at least equal to
that stated in the Balance Sheet except in case of those shown as
doubtful.
2. No Interest has been provided for the year on LOANS & ADVANCES made
by the Company in few cases.
3. Estimated Amount of Contracts Remaining to be executed on Capital
Accounts and not provide for Rs. NIL.
4. Additional information Pursuant to the Provision of Paragraph 3, $C
and $D of part II of the Schedule VI of the Companies Act, 1956.
A. Other additional information- NIL (Previous Year NIL)
B. Earning & Expenditure in Foreign Currency -NIL (Previous Year NIL)
C. Previous Year Figure has been Regrouped rearrange wherever found
necessary.
Jun 30, 2009
1. In the opinion of the Board the value of Current Assets, Loans &
Advances have a value in ordinary course of business at least equal to
that stated in the Balance Sheet except in case of those shown as
doubtful.
2. No Interest has been provided for the year on LOANS & ADVANCES made
by the Company in few cases.
3. Estimated Amount of Contracts Remaining to be executed on Capital
Accounts and not provide for NIL.
4. Additional information Pursuant to the Provision of Paragraph 3, $C
and $D of part II of the Schedule VI of the Companies Act, 1956.
A. Other additional information - NIL (Previous Year NIL)
B. Earning & Expenditure in Foreign Currency - NIL ( Previous Year
NIL)
C. Previous Year Figure has been Regrouped rearrange wherever found
necessary.
5. Schedules 1 to 15 form an integral part of the Balance Sheet &
Profit & Loss Account.