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Notes to Accounts of Visagar Polytex Ltd.

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 year’s 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.

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