Mar 31, 2015
NOTE NO. 1
RELATED PARTIES DISCLOSURES :
1] Relationship:
(a) Associates:
Deccan Bearings Marketing Pvt. Limited
(b) Key management personnel Kiran N. Vora, Managing Director B. W.
Chrisitan, Director
(c) Relatives:
Malini M. Vora Mukesh N. Vora (HUF)
Nirupa M. Vora Nirupa M. Vora (HUF)
SEGMENT REPORTING:
The Company is engaged in the business of Bearings, which as per
Accounting Standard AS-17, On Segment Reporting issued by The
Institute of Chartered Accountant of India is considered to be the
only reportable business segment, the Company is operating in the same
geographical segment. Therefore Segment wise reporting is not
applicable.
NOTE NO. 2
EARNINGS PER SHARE:
Basic and diluted earning per share has been calculated by dividing
net profit available for appropriation for the year by 21,83,334
equity shares of nominal value of Rs. 10/- each, outstanding as on 31
March, 2015
NOTE NO. 3
The Company has not received any intimation from 'suppliers' regarding
their status under The Micro, Small and Medium Enterprises Development
Act 2006, and hence the Disclosure, if any relating to the amount
unpaid as at the year end together with interest paid/payable as
required under the said Act have not been given.
NOTE NO. 4
Land at Halol was acquired on lease from Gujarat Industrial
Development Corporation.
NOTE NO. 5
Figures of the Previous Year have been regrouped/ recasted wherever
necessary to correspond with the current years'
classification/disclosure.
Mar 31, 2014
NOTE NO.1
SEGMENT REPORTING:
The Company is engaged in the business of Bearings, which as per
Accounting Standard AS-17, On Segment Reporting issued by The Institute
of Chartered Accountant of India is considered to be the only
reportable business segment, the Company is operating in the same
geographical segment. Therefore Segment wise reporting is not
applicable.
NOTE NO.2
The Company has not received any intimation from ''suppliers'' regarding
their status under The Micro, Small and Medium Enterprises Development
Act 2006, and hence the Disclosure, if any relating to the amount
unpaid as at the year end together with interest paid/payable as
required under the said Act have not been given.
NOTE NO.3
Land at Halol was acquired on lease from Gujarat Industrial Development
Corporation.
NOTE NO.4
Figures of the Previous Year have been regrouped/ recasted wherever
necessary to correspond with the current years''
classification/disclosure.
Mar 31, 2013
NOTE NO.1
SEGMENT REPORTING:
The Company is engaged in the business of Bearings, which as per
Accounting Standard AS-17, On Segment Reporting issued by The
Institute of Chartered Accountant of India is considered to be
the only reportable business segment, the Company is operating in
the same geographical segment. Therefore Segment wise reporting is
not applicable.
NOTE N0.2
EARNINGS PER SHARE:
Basic and diluted earnings per share has been calculated by dividing net
profit available for appropriation for the year by 21,83,334 equity
shares of nominal value of Rs. 10/- each, outstanding as on 31 March,
2013
NOTE NO.3
The Company has not received any intimation from ''suppliers''
regarding their status under The Micro, Small and Medium Enterprises
Development Act 2006, and hence the Disclosure, if any relating to the
amount unpaid as at the yearend together with interest paid/payable
as required under the said Act have not been given.
NOTE NO.4
Land at Halol was acquired on lease from Gujarat Industrial
Development Corporation. .
NOTE NO.5
Figures of the Previous Year have been regrouped/ recanted wherever
necessary to correspond with the current years
classification/disclosure.
Mar 31, 2012
NOTE N0.1
Auditors' Remuneration and expenses charged to the accounts:
2011 2012 2010 2011
Rs. Rs.
Audit Fees 30,000 30,000
Tax Audit Fees 25,000 20,000
Others 57,360 43,755
NOTE NO.2
EXPENDITURE IN FOREIGN CURRENCY:
Traveling expenses Rs. 2,30,034/ ( Rs. 2,12,456 }
Imports
(Raw Materials
on C.I.F.) Rs. 29,95,597/ ( Rs. 20,44,664 )
(Trading Goods
on C.I.F.) Rs.1,77,53,757/ ( Rs. 26,39,465 )
NOTE NO.3
EARNINGS IN FOREIGN EXCHANGE:
Export of
Goods(F.O.B) Rs. 15,16,575/ (Rs. 93,03,531 )
NOTE NO.4
RELATED PARTIES DISCLOSUERS :
1] Relationship :
(a) Associates:
Deccan Bearings Marketing Pvt. Limited
(b) Key management personnel Kiran
N. Vora, Managing Director B. W.
Chrisitan, Director
(c) Relatives:
Malini M. Vora
Mukesh N. Vora (HUF)
Nirupa M. Vora
NirupaM. Vora(HUF)
2] Transactions with Related parties
amount in Rupees):
PARTICULARS ASSOCIATES KEY MANAGEMENT
PERSONNEL RELATIVES
2011-2012 2010-2011 2011-2012 2010-2011 2011-2012 2010-2011
LOANS 9,41,062/ 9,41,062/ 17,35,000/ 17,35,000/
REMUNA
RATION 9,52,504/ 9,52,504/
PERQUI
SITES 1,84,675/ 1,85,290/
CONTRI
BUTION
TO
PROVIDEND
FUND 12,888/ 12,888/
TOTAL
REMUNATION 11,50,067/ 11,50,682/
NOTE N0.5
SEGMENT REPORTING:
The Company is engaged in the business of Bearings, which as per
Accounting Standard AS 17, On Segment Reporting issued by The Institute
of Chartered Accountant of India is considered to be the oniy
reportable business segment, the Company is operating in the same
geographical segment. Therefore Segment wise reporting is not
applicable.
NOTE N0.6
EARNINGS PER SHARE:
Basic and diluted earning per share has been calculated by dividing net
profit available for appropriation for the year by 21,83,334 equity
shares of nominal value of Rs. 10/ each, outstanding as on 31 March,
2012 2011 12 Amount Rs. 2010 11 Amount Rs. Profit/ (Loss) available to
equity shareholders (1,59,213) 1,39,104 Weighted average no. of equity
share for basic EPS 21,83,334 21.83,334 Nominal value of equity shares
Rs.10 Rs.10 Earning Per Share (Basic/Diluted) 0.07 0.06
NOTE NO.7
The Company has not received any intimation from 'suppliers'
regarding their status under The Micro, Small and Medium Enterprises
Development Act 2006, and hence the Disclosure, if any relating to the
amount unpaid as at the year end together with interest paid/payable as
required under the said Act have not been given.
NOTE NO.8
Land at Halol was acquired on lease from Gujarat industrial Development
Corporation.
NOTE NO.9
The Financial Statements for the year ended 31st March 2011 had been
prepared as per the then applicabie, pre revised Schedule VI to the
Companies Act, 1956. Consequent to the notification under the
Companies Act, 1956 the Financial Statements for the year ended 31st
March 2012 are prepared under revised Schedule VI. Accordingly the
previous year figures have also been reclassified to confirm to this
year's classification.
Mar 31, 2010
1] Land at Halol was acquired on lease from Gujarat Industrial
Development Corporation.
2] EARNINGS IN FOREIGN EXCHANGE:
- Export of Goods(F.O.B) Rs. 1,69,36,633 /- (Rs. 1,78,26,081/-)
3] Information pursuant to the provisions of Part II of Schedule VI of
the Companies Act, 1956 has been furnished to the extent applicable.
4] SEGMENT REPORTING:
The Company is engaged in the business of Bearings, which as per
Accounting Standard AS-17, On Segment Reporting issued by The Institute
of Chartered Accountant of India is considered to be the only
reportable business segment, the Company is operating in the same
geographical segment. Therefore Segment wise reporting is not
applicable.
5] Figures of the Previous Year have been regrouped/ recasted wherever
necessary.