Mar 31, 2014
1 SEGMENT INFORMATION
Primary Segment:
The company is engaged in the Comission Business and it is the primary
segment.
Secondary Segment:
The company has one geographical segments based upon location of
customers - within India.
2 LEASE ARRANGEMENTS
There is no Lease Agreement during the year by the Assessee.
3 DEFERRED TAX (LIABILITY) / ASSETS:
The company has not recognised deferred tax assets/liabilities arised
on account of the Carried Forward Losses and the movement in such
losses during the year.
4 Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2011
I. Debts due from private limited companies and firm where any
Directors is a director, Partner or Proprietor.
II. Secured Loan:
i) Union Bank Of India - Cash Credit A/c; Secured against hypothecation
of Capital Equipments, Plant & Machinery acquired or to be acquired for
leasing guaranteed by Managing Director and other three Director of the
Company.
ii) The above cash credit account with Union Bank of India had became
NPA in 1998 and the balance shown in Balance Sheet is excluding overdue
interest and subject to reconciliation.
iii) The said account is under settlement with the bank and accordingly
the company has paid total Rs.1.30 crores during the year F.Y.2010-11.
The excess amount paid over the outstanding payable loan as per
Company's record is shown in Miscellaneous Expenditure A/c. in Schedule
"J" as Union Bank of India (Settlement A/c) Rs.10281224/-; which is
pending to be adjusted on completion of settlement with Bank.
IV. Investments: The aggregate market value of long term quoted
investment as on March 31, 2011 was Rs. Not Determined (Previous year
Rs. Not Determined) representing a diminution in value of Rs. Not
Determined (Previous year Rs. Not Determined). (Refer the Note I (6)
for limitation on matter).
V. Directors Remuneration:
The Company has not given director remuneration to any of the directors
during the F.Y.2010-11 (P.Y. 2009-10 Rs.NIL).
VII. Additional information pursuant to part IV of the schedule VI to
the Companies Act, 1956 is given on separate sheet.
VIII. Name of the Company has been changed from Saheli Leasing &
Industries Ltd. To Himalchuli Food Products Ltd. VIde order date
24.03.1999 No.048652/STA/1999-2000 of Registrar of Companies, Gujarat.
Mar 31, 2010
I. Contingent Liabilities :
Income Tax Liabilities
The income Tax Department has preferred appeals before the order of
Income Tax Appellant Tribunal, Ahmedabad against the two different
order passed by the Gujarat High Court, Ahmedabad. Since the matter is
under dispute and being sub-judice till the appeal decision, no effect
thereof is given books of: account of the year. This disputed matter
includes;
a) Penalty imposed of Rs. 323,005/- of A.Y.1994-1995 for concealment
u/s, 271(1.){c) of Income Tax Act, 1961,
b) Penalty imposed of Rs. 1,114,364/- of A.Y.1995-1996 for concealment
u/s. 27-1(1)(c) of income Tax Act, 1961.
II. Secured Loan:
i) Union Bank of India - Gash Credit A/c: Secured against hypothecation
of Capital Equipments, Plant & Machinery acquired or to be acquired for
leasing guaranteed by Managing Director and other three Director of the
Company.
III. Investments: The aggregate market value of long term quoted
investment as on March 31, 2010 was Rs. Not Determined (Previous year
Rs. Not Determined) representing a diminution in value of Rs, Not
Determined (Previous year Rs. Not Determined). (Refer the Note i (6)
for limitation on matter).
IV. Additional information pursuant to part IV of the schedule VI to
the Companies Act, 1956 is given on separate sheet.
V, Name of the Company has been changed from Saheli Leasing &
Industries Ltd. To Himaichuli Food Products Ltd. Vide order date
24.03.1999 No.048652/STA/1999-2000 of Registrar of Companies, Gujarat.
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