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Notes to Accounts of Visagar Polytex Ltd.

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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