Mar 31, 2014
Year ended Year ended
1.01 Other details : 31st March, 2014 31st March, 2013
e) Contingent Liabilities
not provided for
Bank Guarantee - 77,053
Sales Tax 2,21,49,353 1,02,62,639
Bill discounting - 5,61,466
1.02 The Company has two segments viz. Paper Sacks and Flexible
Laminates in terms of AS-17 of Accounting Standard Rules 2006. Segments
are identified and reported taking into account nature of products and
services, the differing risks and returns and the internal business
reporting systems. The accounting policies adopted for segment
reporting are in line with the accounting policy of the Company for
segment reporting.
Mar 31, 2013
1.1 The Company has recognised Flexible Laminates as a separate
segment from this financial year, in terms of AS-17 of Accounting
Standard Rules 2006. Segments have been identified and reported taking
into account nature of products and services, the differing risks and
returns and the internal business reporting systems. The accounting
policies adopted for segment reporting are in line with the accounting
policy of the Company for segment reporting.
1.2 DISCLOSURE REGARDING MICRO,SMALL AND MEDIUM ENTERPRISES
The amount due to Micro and Small Enterprises as defined in the "The
Micro, Small and Medium Enterprises Development Act, 2006" has been
determined to the extent such parties have been identified on the basis
of information available with the Company. The disclosures relating to
Micro and Small Enterprises pursuant to Sec22 of "The Micro,Small and
Medium Enterprises Development Act,2006 are as under:
Mar 31, 2012
Not Available
Mar 31, 2011
1. The name of the Company has been changed from B&A Multiwall
Packaging Limited to B&A Packaging India Limited vide fresh Certificate
of Incorporation dated 8th July, 2010 issued by the Registrar of
Companies, Orissa.
2. The Company has changed its financial year from calendar year to
April - March. Accordingly, these accounts consist of a period of
fifteen months from 1st January, 2010 to 31st March, 2011. Hence the
figures for the current period are not comparable.
Previous year's figures have been regrouped and rearranged, where
ever necessary
3. Contingent Liabilities not provided for
Bank Guarantee 81,600 3,73,360
Sales Tax 64,02,197 99,93,668
Bill discounting 5,61,466 -
4. In terms of Industrial Policies of 1986 and 1989 declared by
Government of Orissa, the Company opted for the Sales Tax Deferment
Scheme upto 30.11.1996 and the Deferred Sales Tax balance stands at
Rs 8,23,134 as on 31.03.2011 (As on 31.12.2009 -Rs 8,23,134)
5. The Company has one business segment of manufacture and sale of
paper sacks, hence no separate disclosure is necessary in respect of AS
17.
6. The Company has taxable income for the year. Provision made in
these accounts for the Current Tax represents tax payable in accordance
with Income Tax Act, 1961.
Dec 31, 2009
1. Licensed, Installed Capacities and Actual Production:
Year Annual Capacity Actual
Class of Goods Units ended Licensed Installed Production
Paper Sacks Nos. 31.12.2009 60 Million 35 Million 6.41Million
Paper Sacks Nos. 31.12.2008 60 Million 35 Million 8.12Million
(Note : Capacity of Paper Sacks plant is dependant on the product-mix.
Annual Installed capacity of 35 Million is based on production of
cement sacks only. With the present product-mix annual capacity works
out to 9 Million Sacks.,)
2. Particulars with respect to Stocks and Sales :
Year ended Year ended
31st December, 2009 31st December, 2008
Class of Goods Units Quantity Value Quantity Value
Opening Stock Nos. 4,67,175 99,03,520 6,61,291 98,28,157
Sale Nos. 66,69,173 20,22,64,393 83,09,236 23,28,32,351
Closing Stock Nos. 3,52,812 82,88,960 4,67,175 99,03,520
3. Value of Imports on C.I.F basis -
Raw Materials 5,46,71,935 11,39,86,933
4. Earning in Foreign Currency -
Export of Goods (F.O.B Basis) 48,64,674 32,76,976
5. Expenses in Foreign Currency 7,09,008 --
6. Contingent Liabilities not provided for
Bank Guarantee 3,73,360 3,73,360
Sales Tax 99,93,668 70,08,928
7. In terms of Industrial Policies of 1986 and 1989 declared by
Government of Orissa, the Company opted for the Sales Tax Deferment
Scheme upto 30.11.1996 and the Deferred Sales Tax balance stands at Rs.
8,23,134/- as on 31.12.2009 (As on 31.12.2008 - Rs. 8,23,134)
8. As per Accounting Standard - 15 "Employees Benefits" the
disclosure of Employee Benefits as defined in the Accounting Standard
are as follows.
Provision for Post retirement medical benefit to eligible employees has
been made as per Companys calculation.
9. The Company has one business segment of manufacture and sale of
paper sacks, hence no separate disclosure is necessary in respect of AS
17.
10. The Company has taxable income for the year. Provision made in
these accounts for the Current Tax represents Normal Tax payable in
accordance with Income Tax Act, 1961.
11. The Company has complied with the requirements of Accounting
Standard 22. The major components of the Deferred Tax Assets and
Liabilities based on the tax effect of timing difference are as under:
12. Disclosure regarding Micro, Small and Medium Enterprises
The amount due to Micro and Small Enterprises as defined in the The
Micro Small and Medium Enterprises Development Act, 2006" has been
determined to the extent such parties have been identified on the basis
of information available with the Company. The disclosures relating to
Micro and Small Enterprises are as under:
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