Mar 31, 2015
1.Disclosure in respect of Related Party Disclosure (As per Revised AS
-18)
The Management has identified the following Companies and individuals
as related parties of the Company for the year ended 31st March, 2015
for the purposes of reporting as per AS 18 Â "Related Party
Transactions":-
(A) Name of related parties and description of relationship:
1. Subsidiaries
Alsan Rubber And Chemicals Pvt. Ltd. 100% Holding
(w.e.f. 30.07.2014)
2. Fellow Subsidiaries Nil
3. Associates Nil
4. Key Managerial Personnel & their Relatives
Mr. Akashjain - .Managing Director
Mr. Vikas Jain - Brother
5. Companies where key Managerial Personnel & their Relatives have
significant influence:
South West Pinnacle Exploration Pvt Ltd.
2 Disclosure required by clause 32 of the Listing Agreement
Amount of Loans/Advances in the nature of loans outstanding from
subsidiaries during 2014-15 - NIL
3. Contingent Liabilities (not provided for) in respect of:
Amount in Rs.
S No Contingent Liabilities 31.03.2015 31.03.2014
1 Foreign LCs $ 7,32,324 @
Rs. 62.59/- 45,836,159 42,822,203
2 Demands not acknowledged asdebts
and not provided for, in respect of Nil Nil
which the matters are in appeal and
exclusive of the effect of similar
matters in respect of assessments
remaining to be completed
4. Employees Benefit Plans
Defined Contribution Plan
A separate trust has been established covering gratuity liability of
staff. The Trust has taken a policy on 01/07/2011 under Group Gratuity
Insurance Scheme of LIC under the defined contribution plans. Every
employee who has completed three years or more of services is eligible
for a Gratuity on seperation at 15 days' bsaic salary(last drawn
salary) for each completed year of service. The company has also taken
external Actuarial Valuation for determining the liability for future
gratuity benefits but has considered LIC Valuations for company
accounts. The assumptions of the Actuary for unfunded defined gratuity
plan are worked out as under :
5. Segment Reporting
The Company is predominantly engaged in commodities trading of Rubber &
Chemicals and Coal, which has been identified as main business segment
6. Due to Micro Small & Medium Enterprises
The companies has no dues to Micro, Small & Medium Enterprises during
the year ended March 31,2015
Mar 31, 2014
Disclosure in respect of Related Party Disclosure (As per Revised AS
 1)
The Management has identified the following Companies and individuals
as related parties of the Company for the year ended 31st March, 2014
for the purposes of reporting as per AS 18 "Related Party
Transactions":-
(A) Name of related parties and description of relationship:
1. Subsidiaries Nil
2. Fellow Subsidiaries Nil
3. Associates Nil
4. Key Managerial Personnel & their Relatives
Mr. Akash Jain - Managing Director
Mr. Vikas Jain - Brother
5. Companies where key Managerial Personnel & their Relatives have
significant influence:
South West Pinnacle Exploration Pvt. Ltd.
Note 2
Contingent Liabilities (not provided for) in respect of:
Amount in
S No Contingent Liabilities 31.03.2014 31.03.2013
1 Foreign LCs $ 7,14,276.00 @ Rs. 59.95/- 42,822,203 83,890,455
2 Bank Guarantee (Indian) - -
3 Corporate Guarantee - -
4 Demands not acknowledged as debts
and not provided for, in respect of Nil Nil
which the matters are in appeal and
exclusive of the effect of similar
matters in respect of assessments
remaining to be completed
Note 3
Employees Benefit Plans
Defined Contribution Plan
A separate trust has been established covering gratuity liability of
staff. The Trust has taken a policy on 01/07/2011under Group Gratuity
Insurance Scheme of LIC under the defined contribution plans. Every
employee who has completed three years or more of services is eligible
for a Gratuity on seperation at 15 days'' bsaic salary(last drwn
salary) for each completed year of service. The company has also taken
external Actuarial Valuation for determining the liability for future
gratuity benefits but has considered LIC Valuations for company
accounts. The assumptions of the Actuary for unfunded defined gratuity
plan are worked out as under :
Note 4
Segment Reporting
The Company is predominantly engaged in commodities trading of Rubber &
Chemicals and Coal, which has been identified as main business segment.
Note 5
Due to Micro Small & Medium Enterprises
The companies has no dues to Micro, Small & Medium Enterprises during
the year ended March 31, 2014.
Mar 31, 2013
Background
Chandra Frabhu International Ltd is a Company registered with Rostra,
of New LMUl The Company is a Public limited Company wbow shares are
listed b. BSE. Chandra Prabhu International Ltd. is a well- known name
in the trading of Synthetic Rubber & Chemicals and Coal
1 Cash Flow Statement
Cash Flows are reported using the Indirect Method, whereby profit /
(loss) before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals 01 accruals of
apst or future cash receipts or payments. The cash flow operating,
investing and financing activities of the company are segregated based
on the available information,
2 Segment Reporting
The company identifies primary segments based on the dominant Source,
nature of fislts and returns and the internal organisation and
management structure, The operating segments are the segments for which
separate financial information is available and for which operating
profit/loss amount arc evaluated regularly by the executive management
in deciding how to allocate fesouces and in assessing performance.
Common allocable costs are allocated to each segment pro-rata on die
basis of revenue of each segment to ihc total revenue of rhe Company,
Due to Mitt* Small & Medium Enlttptiscs
TIk Lumpaniea has in. daes to Small A Medium Knttiprtses during
the yen ended Match 11, 2013
Mar 31, 2012
Background
Chandra Prabhu International Ltd. is a Company registered with
Registrar of Companies, Delhi & Haryana, New Delhi. The Company is a
Public Limited Company whose shares arc listed in BSE. Chandra Prabhu
International Ltd. is a well- known name in the trading of Synthetic
Rubber & Chemicals and Coal.
1. Gratuity Fund Scheme
The company has taken group gratuity insurance scheme from LIC of India
under defined contribution plan determined on the basis on Projected
Unit Credit Method carried out as at die Balance Sheet date. The
company accounts for liability of future gratuity benefit based on LIC
valuation on projected unit credit medwd carried out for assessing
liability as at the reporting date.
2. Compensated Absenses
The liability of leave encashment and other compensated absences is
recognised on arithmetical basis at the end of the year are charged to
revenue each year.
3. Employee Pension Scheme
Employees contribution to Employees Pension Scheme, a defined
contribution plan is made in accordance with The Employees Pension
Scheme, 1995.
4 Taxation
Current tax is determined as the amount of tax payable in respect of
taxable income for the period. Deferred tax is recognized subject to
consideration of prudence in respect of deferred tax assets on timing
differences being the difference in income and accounting that
originates in one period and capable of reversal in one or more
subsequent period.
5 Earning Per Share
Basic earnings per share are calculated by dividing the net profit or
loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.
6 Cash Flow Statement
Cash Flows are reported using the Indirect Mediod, whereby profit /
(loss) before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of
apst or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the company are
segregated based on the available infomation.
7 Segment Reporting
Identification of segments
The company identifies primary segments based on the dominant source,
nature of risks and returns and the internal organisation and
management structure. The operating segments are the segments for which
separate financial information is available and for which operating
profit / loss amounts are evaluated regularly by the executive
Management in deciding how to allocate resources and in assessing
performance.
Allocation of common costs:
Common allocable costs are allocated to each segment pro-rata on the
basis of revenue of each segment to the total revenue of the Company.
Unallocated items:
Unallocated items include income and expenses which are not allocated
to any reportable business segment.
Segment Policies:
The Company prepares its segment information in conformity with the
accounting policies adopted for preparing and
presenting the Financial Statements of the Company as a whole.
8 Provisions, Contingent Liabilities and Contingent Assets
Provisions are recognized when there is a present legal obligation as a
result of past events and where it is probable that there will be
outflow of resources to settle the obligation and when a reliable
estimate of the amount of the obligation can be made.
Contingent liabilities are recognized only when there is a possible
obligation arising from past events due to occurrence or non-occurrence
of one or more uncertain future events not wholly within the control of
the Company or where any present obligation cannot be measured in terms
of future outflow of resources or where a reliable estimate of the
obligation cannot be made. Obligations are assessed on an on going
basis and only those having a largely probable
Contingent Assets are not recognized in the Financial Statement.
Note No. 9
Notes on accounts for the year ended March 31, 2012
Figures have been rounded off to the nearest rupee.
Till the year ended 31 March 2011, the company was using pre-revised
Schedule VI to the Companies Act 1956, for preparation and presentation
of its financial statements. During the year ended 31 March 2012, the
revised Schedule VI notified under the Companies Act 1956, has become
applicable to the company. The company has reclassified previous year
figures to conform to this year's classification.
Mar 31, 2010
1. Contingent liabilities (not provided for) in respect of :
Demands not acknowledged as debts and not provided for, in respect of
which the matters are in appeal and exclusive of the effect of similar
matters in respect of assessments remaining to be completed.
2009-2010 2008-2009
(Amt.inRs.) (Amt. in Rs.)
a) Foreign LCs 25,258,726 Nil
b) An ex-employee has filed a suit against the Company before the
labour court against termination, liabilities unascertained.
c) The Income Tax cases decided in Companys favour by ITAT and
Department is in further Appeal for A.Y. 1997-98 & 1998-99 although The
Hoble Court has decided similar issues in favour of assesses.
d) The company has given a guarantee to L & T Finance Ltd. in respect
of loan taken by its subsidiary South West Drilling & Infrastructure
Ltd.
2. Balances of sundry debtors & sundry creditors are subject to
confirmations from the respective parties.
3. There are no outstanding balances as on 31s March 2010 in
Unclaimed Dividend Account.
4. Previous years figures have been regrouped / rearranged /
re-casted wherever necessary to make them comparable with current
years figures. All figures have been rounded off to the nearest rupee.
5. Related party transactions :
a) Related Party where control exist: Subsidiaries
i) Chandra Prabhu Overseas Ltd.
ii) South West Drilling & Infrastructure Limited
b) Name of the Related party where transactions
have taken place during the year
i) Nil
ii) Key Management Personnel.
Managing Director
Sh.AkashJain
Directors
Sh. Piyush Jain (Ex. Director upto 31/05/09)
(Director upto 18/11/09)
Sh. Prakash Goyal
Sh. Sudhanshu Mishra
Sh.Ved Prakash Goel
Sh. Jagdish Jhunjhunwala
c) Related Party Transactions (Key Management Personnel)