Mar 31, 2015
1. Share Capital :
Terms / Rights attached to Shares
Equity Shares : The Company has only one class of equity shares having
at par value of Rs. 10/- per share. Equity shares are pari passu in all
respects and each shareholder is eligible for one vote per share held.
The Company declare and pays dividend in indian rupees. The dividend
proposed by the board of Directors is subject to the approval of the
shareholders at the ensuing AGM. In the event of liquidation of the
company, the equity shareholders are eligible to receive the remaining
assets of the Company, after distribution of all preferential amounts
in proportion to their shareholding.
2. The figures are rounded off to the nearest rupee and previous year
figures are regrouped and rearranged, wherever necessary to make them
comparable with current year figures.
3. Trade Receivables are subject to conformation from parties and
reconciliation if any.
4. In the opinion of the Board, the current assets, loan and advance
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
5. Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and does not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
"Segment Reporting".
6. Related Party Transactions
(A) Related Parties and nature of relationship
Sr.No. Name of Related Party Description of Relationship
1. Mr. Dinesh Bilgi Managing Director & CFO
2. Mr. Neel Bilgi Managing Director
3. Mr. Chirag Bilgi Managing Director
4. Mr. Pragnesh K. Shah Executive Director
5. Mrs. Kairavi Bilgi Company Secretary
Directors
1. Mr. Laxman C. Tilani Director
2. Mr. Dinesh H. Pande Director
Entities in which relatives of Key Managerial Personnel are interested
1. ANC Systems LLP Firm (Company) in which
(Earlier ANC Systems Pvt Ltd) (was) relative of a Director
is Partner (Director)
2. Latha Services LLP Firm (Company) in which
(Earlier Latha Services Pvt Ltd) (was) relative of a Director
is Partner (Director)
3. Ultra Polydye Pvt. Ltd. Company in which relative
of a Director is member
Mar 31, 2014
As at 31st As at 31st
March,2014 March,2013
1. Contingenting Liabilities of
(a) Letter of credit by bank NIL NIL
(b) Disalloawance of expenses under
Income Tax Act for 1351672 1351672
A.Y.-1996-97 matter pending with
High Court of Gujarat
2. The figures are rounded off to the nearest rupee and are regrouped
or rearranged, wherever necessary to make them comparable.
3. Sundry Debtors, Sundry Creditors, Loans and Advances, Deposite and
Personal Accounts either debit or credit are subject to conformation
from parties and reconciliation if any.
4. In the opinion of the Board, the current assets, loan and advance
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
5. Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and doses not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
Segment Reporting issued by The Institute of Chartered Accountants of
India.
6. Related Party Transactions
(A) Related Parties and nature of relationship
Sr.
No. Name of Related Party Description of Relationship
1. Mr. Dinesh Bilgi Chairman & Managing Director
2. Mr. Neel Bilgi Jt.Managing Director
3. Mr. Chirag Bilgi Jt.Managing Director
4. Mr. Pragnesh K. Shah Executive Director
5. Mr. Laxman C. Tilani Director
6. Mr.Dinesh H. Pande Director
Mar 31, 2013
1. Contingenting Liabilities of
(a) Letter of credit by bank NIL 1423829
(b) Disalloawance of expenses under Income
Tax Act for A.Y.-1996-97 matter pending
with High Court of Gujarat 13,51,672 13,51,672
2. The figures are rounded off to the nearest rupee and are regrouped
or rearranged, wherever necessary to make them comparable.
3. Sundry Debtors, Sundry Creditors, Loans and Advances, Deposite and
Personal Accounts either debit or credit are subject to conformation
from parties and reconciliation if any.
4. In the opinion of the Board, the current assets, loan and advance
have a value on realisation in ordinary course of business at least
equal ot the amount at which they are stated.
5. Employee Benefits in respect of Gratuity and Leave encashment -
Particular as per Accounting Standard AS 15
6. Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and doses not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
Segment Reporting issued by The Institute of Chartered Accountants of
India.
Mar 31, 2012
1. Contingent Liabilities of
Amount in Rupees
2011-12 2010-11
(a) Letter of credit by bank 14,23,829 NIL
(b) Disallowance of expenses under
Income Tax Act for A.Y.- 1996-97 13,51,672 13,51,672
matter pending with High Court of
Gujarat
2. The figures are rounded off to the nearest rupee and are regrouped
or rearranged, wherever necessary to make them comparable.
3. Sundry Debtors, Sundry Creditors, Loans and Advances, Deposits and
Personal Accounts either debit or credit are subject to conformation
from parties and reconciliation if any.
4. In the opinion of the Board, the current assets, loan and advance
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
5. Segment Reporting :
Company has only one primary segment of manufacturing and sale of
labels and doses not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
Segment Reporting issued by The Institute of Chartered Accountants of
India.
6. Related Party Transactions
(A) Related Parties and nature of relationship
Sr.No. & Name of Related Party Description of Relationship
1. Mr. Dinesh Bilgi Chairman & Managing Director
2. Mr. Neel Bilgi Executive Director
3. Mr. Pragnesh K. Shah Executive Director
4. Mr. Chirag Bilgi Executive Director
5. Mr. Laxman C. Tilani Director
7. Bad debts of Rs. 17,05,096/- in Note no. 23 of Financial Statement
includes Rs. 8,77,487/- in respect of Export Debts for which
Application to get approval for write-off from Authorised Dealer is
made on 11/05/2012 as required under FEMA. Approval, for which is yet
to be received.
Mar 31, 2011
I. AMOUNT IN RUPEES
31/03/2011 31/03/2010
i) Contingent Liabilities of
(a) Letter of Credit by bank - 9,11,250
(b) Disallowance of expenses
under Income Tax Act for A. Y-1996-97 13,51,672 13,51,672
matter pending with High Court
of Gujarat
[The company is not required to obtain any license under Industrial
(Development & Regulation) Act, 1951 for the products being
manufactured by the company]
ii) The figures are rounded off to the nearest rupee and are regrouped
or rearranged, wherever necessary to make them comparable.
iii) Company provides for depreciation on the fixed assets, at the
rates specified in Schedule XIV of the Companies Act,1956, on straight
line method. (Windmills - Written Down Value)
iv) Sundry Debtors, Sundry Creditors, Loans and Advances, Deposits and
Personal Accounts either debit or credit are subject to confirmation
from parties and reconciliation if any.
v) In the opinion of the Board, the current assets, loans and advances
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
vi) Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and does not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
Segment Reporting issued by The Institute of Chartered Accountants of
India.
This information as required to be disclosed has been determined to the
extent such parties have identified on the basis of information
available with the Company. Further, pervious year information is not
available with the Company.
Mar 31, 2010
AMOUNT IN RUPEES
31/03/2010 31/03/2009
i) Estimated amount of contracts --- ---
remaining to be executed on
capital account and not
provided for
ii) Contingent Liabilities of
(a) Letter of Credit by bank 9,11,250 ---
(b) Disallowance of expenses
under Income Tax Act for
A. Y-1996-97 13,51,672 13,51,672
matter pending with High
Court of Gujarat
iii) The figures are rounded off to the nearest rupee and are regrouped
or rearranged, wherever necessary to make them comparable.
iv) Company provides for depreciation on the fixed assets, at the
rates specified in Schedule XIV of the Companies Act, 1956, on straight
line method. (Windmills - Written Down Value)
v) Sundry Debtors, Sundry Creditors, Loans and Advances, Deposits and
Personal Accounts either debit or credit are subject to confirmation
from parties and reconciliation if any.
vi) In the opinion of the Board, the current assets, loans and advances
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
vii) Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and does not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
Segment Reporting issued by The Institute of Chartered Accountants of
India.
viii) Related Party Transactions
(A) Related parties and nature of relationship
Sr. No. Name of related Party Description of
relationship
1. Mr. Dinesh Bilgi Managing Director
2. Mr. Neel Bilgi Executive Director
3. Mr. Pragnesh Shah Executive Director
4. Mr. Chirag Bilgi Relatives of key
Management Personnel
(C) Related party relationship is as identified by the Company on the
basis of information available with them and relied upon by the
Auditors.
ix) Disclosure in accordance with Part I of Schedule VI of Companies
Act, 1956 in respect of Micro, Small arid Medium Enterprises:
(Amount in Rupees)
Sr. No. Particulars 2009-10 2008-09
a. Principal amount remaining
unpaid NIL NIL
b. Interest due thereon NIL NIL
c. Interest paid by the Company
in term of Section 16 of
Micro, Small and Medium
Enterprises Development
Act, 2006 NIL NIL
d. Interest due and payable
for the period of delay
in payment NIL NIL
e. Interest accrued and
remaining unpaid NIL NIL
f. Interest remaining due and
payable even in succeeding
years. NIL NIL
This information as required to be disclosed has been determined to the
extent such parties have identified on the basis of information
available with the Company. Further, perivous year information is not
available with the Company.
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