Mar 31, 2015
1. Secured Loans : Working capital facilities from banks are secured by
hypothecation of stocks of raw materials, semi finished goods, finished
goods, stores and spares and book debts and first charge on Fixed
Assets of the company in favour of State Bank of India, Patamata
Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch,
Vijayawada on pari passu basis.
2. Current Assets and Current Liabilities : Sundry Debtors, Loand and
Advances and Sundry Creditors balance are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 12.46 Lakhs
are pledged with bankers towards margin money for Letters of Credit and
Rs.52.49 Lakhs are pledged with banker towards margin for Bank
Guarantees.
3. No amount is due to any small-scale industry in excess of Rs.
1,00,000 or more than 30 days.
4. Provision is made for regular Income tax as per provisions of
Income Tax Act, 1961. Deferred Tax:
Deferred Tax is computed on the timing differences as per Accounting
Standard-22 issued by the ICAI.
The major and only component of Deferred Tax liability is the
difference between Depreciation charges in books & Depreciation claimed
as per Income Tax Act, 1961.
5. Segment Reporting: The Company is primarily engaged in the business
of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors. Since the nature of the activities is governed by the same
nature of risks, these are grouped as single segment.
6. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
7. Excise Duty: Provision has been made for the excise duty payable on
finished goods not cleared from the factory amounting to Rs. 10.26
Lakhs. CENVAT credit has been taken to the extent utilized for
clearance of finished goods.
8. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of India. 10.There is no impairment of assets.
9. Related party transactions:
Mar 31, 2014
1. Contingent Liabilities :
(Rs. in Lakhs)
Particulars 2013-2014 2012-2013
Letter of Credit - 185.48
Bank Gurarantees 287.84 248.50
Total 287.84 433.98
2. Secured Loans: Working capital facilities from banks are secured by
hypothecation of stocks of raw materials, semi finished goods, finished
goods, stores and spares and book debts and first charge on Fixed
Assets of the Company in favour of State Bank of India, Patamata
Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch,
Vijayawada on pari passu basis.
3. Current Assets and Current Liabilities: Sundry Debtors, Loans and
Advances and Sundry Creditors balance are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 31.27 Lakhs
are pledged with bankers towards margin money for Letters of Credit and
Rs.57.07 Lakhs are pledged with banker towards margin for Bank
Guarantees.
4. No amount is due to any small-scale industry in excess of
Rs.1,00,000 or more than 30 days.
5. Provision is made for regular Income tax as per provisions of
Income Tax Act, 1961.
The major and only component of Deferred Tax liability is the
difference between Depreciation charges in books & Depreciation claimed
as per Income Tax Act, 1961.
6. Segment Reporting: The Company is primarily engaged in the business
of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors. Since the nature of the activities is governed by the same
nature of risks, these are grouped as single segment.
7. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
8. Excise Duty: Provision has been made for the excise duty payable on
finished goods not cleared from the factory amounting to Rs.10.26
Lakhs. CENVAT credit has been taken to the extent utilized for
clearance of finished goods.
9. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of India.
Mar 31, 2013
1. Contingent Liabilities :
(Rs. in Lakhs)
Particulars 2012-2013 2011-2012
Letter of Credit 185.48 58.89
Bank Gurarantees 248.50 385.73
Total 433.98 444.62
2. Secured Loans: Working capital facilities from banks are secured by
hypothecation of stocks of raw materials, semi finished goods, finished
goods, stores and spares and book debts and first charge on Fixed
Assets of the Company in favour of State Bank of India, Patamata Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch, Vijayawada
on pari passu basis.
3. Current Assets and Current Liabilities: Sundry Debtors, Loans and
Advances and Sundry Creditors balance are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 31.27 Lakhs
are pledged with bankers towards margin money for Letters of Credit and
Rs.57.07 Lakhs are pledged with banker towards margin for Bank
Guarantees.
4. No amount is due to any small-scale industry in excess of
Rs.1,00,000 or more than 30 days.
5. Provision is made for regular Income tax as per provisions of
Income Tax Act, 1961.
The major and only component of Deferred Tax liability is the
difference between Depreciation charges in books & Depreciation claimed
as per Income Tax Act, 1961.
6. Segment Reporting: The Company is primarily engaged in the business
of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors. Since the nature of the activities is governed by the same
nature of risks, these are grouped as single segment.
7. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
8. Excise Duty: Provision has been made for the excise duty payable on
finished goods not cleared from the factory amounting to Rs.10.91
Lakhs. CENVAT credit has been taken to the extent utilized for
clearance of finished goods.
9. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of India.
10. There is no impairment of assets.
Mar 31, 2012
1. Contingent liabilities : (Rs. in Lakhs)
Particulars 2011-12 2010-11
Letter of Credit 58.89 135.27
Bank Guarantees 385.73 426.81
Corporate Guarantee _ _
Total 444.62 562.08
2. Secured Loans: Working capital facilities from banks are secured by
hypothecation of stocks of raw materials, semi finished goods, finished
goods, stores and spares and book debts and first charge on Fixed
Assets of the Company in favour of State Bank of India, Patamata
Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch,
Vijayawada on pari passu basis.
3. Current Assets and Current Liabilities : Sundry Debtors, Loans and
Advances and Sundry Creditors balances are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 16.22 Lakhs
are pledged with bankers towards margin money for Letters of Credit and
Rs.50.00 Lakhs are pledged with bankser towards margin for Bank
Guarantees.
4. No amount is due to any small-scale industry in excess of Rs.
1,00,000 or more than 30 days.
5. Provision is made for regular Income Tax as per the provisions of
Income Tax Act, 1961.
6. Segment Reporting : The Company is primarily engaged in the
business of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors. Since the nature of the activities is governed by the same
nature of risks, these are grouped as single segment.
7. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
8. Excise Duty : Provision has been made for the excise duty payable
on finished goods not cleared from the factory amounting to Rs. 8.91
Lakhs. CENVAT credit has been taken to the extent utlised for clearance
of finished goods.
9. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of India.
10. There is no impairment of assets.
11.1 State subsidy amount current year transferred to Other Income Rs.
76,608/-
11.2 Preferential Share Warrants forfeited amount of Rs. 800000/- added
to Capital Reserve and Share Premium of Rs. 224000/- transfer to Share
premium account.
12.1 Working Capital from banks is secured by hypothecation of movable
assets including inventories and assignment of receivables, personal
guarantees of Directors of the Company and Fixed assets of the Company.
Mar 31, 2011
1. Contingent liabilities :
Particulars 2010 - 11 2009 - 10
Letter of Credit 135.27 182.56
Bank Guarantees 426.81 58.19
Corporate Guarantee - 227.95
Total 562.08 468.70
2. Secured Loans : Working capital facilities from banks are secured
by hypothecation of stocks of raw materials, semi finished goods,
finished goods, stores and spares and book debts and first charge on
Fixed Assets of the Company in favour of State Bank of India, Patamata
Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch,
Vijayawada on pari passu basis.
3. Current Assets and Current Liabilities : Sundry Debtors, Loans and
Advances and Sundry Creditors balances are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 97.54 Lakhs
are pledged with bankers towards margin money for Letters of Credit and
Bank Guarentees.
4. No amount is due to any small-scale industry in excess of Rs.
1,00,000 or more than 30 days.
5. Segment Reporting : The Company is primarily engaged in the
business of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors and Silicon Rubber Insulators. Since the nature of the
activities is governed by the same nature of risks, these are grouped
as single segment.
6. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
7. Excise Duty : Provision has been made for the excise duty payable
on finished goods not cleared from the factory amounting to Rs. 10.31
Lakhs. CENVAT credit has been taken to the extent utilised for
clearance of finished goods.
8. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of India.
9. There is no impairment of assets.
Mar 31, 2010
1. Contingent liabilities :
Particulars 2009-10 2008 - 09
Letter of Credit 182.56 70.15
Bank Guarantees 58.19 -
Corporate Guarantee 227.95 -
Total 240.75 70.13
2. Secured Loans : Working capital facilities from banks are secured
by hypothecation of stocks of raw materials, semi finished goods,
finished goods, stores and spares and book debts and first charge on
Fixed Assets of the Company in favour of State Bank of India, Patamata
Branch, Vijayawada and State Bank of Hyderabad, Governorpet Branch,
Vijayawada on pari passu basis.
3. Current Assets and Current Liabilities : Sundry Debtors, Loans and
Advances and Sundry Creditors balances are subject to confirmation by
the parties. Fixed Deposits with Banks to the extent of Rs. 39.31 Lakhs
are pledged with bankers towards margin money for Letters of Credit.
4. Mo amount is due to any small-scale industry in excess of Rs.
1,00,000 or more than 30 days.
5. Provision is made for regular Income Tax as per the provisions of
Income Tax Act, 1961.
6. Segment Reporting : The Company is primarily engaged in the
business of manufacturing both AC and DC volts Aluminium Electrolytic
Capacitors. Since the nature of the activities is governed by the same
nature of risks, these are grouped as single segment.
7. In the absence of any claim under interest on delayed payments to
Small Scale and Ancillary Industries Undertaking Act, 1993 the Company
did not make any provisions for such payment.
8. Dividends : Provision is made in the Accounts for the Dividend and
Dividend Tax payable by the Company as recommended by the Board of
Directors, pending approval of the Shareholders at the Annual General
meeting.
9. Excise Duty : Provision has been made for the excise duty payable
on finished goods not cleared from the factory amounting to Rs. 6.80
Lakhs.
10. Gratuity has been funded through the scheme administered by Life
Insurance Corporation of Inda.
11. There is no impairment of assets.
The above remuneration is paid as per the terms of appointment approved
by the Board / Shareholders. However, the same is pending for approval
by Central Govt, of India.
1. Previous years figures have been regrouped, wherever necessary to
confirm to current years classification.
2. All the figures have been rounded off to the nearest Rupee.
3. Signatures to schedule 1 to 22
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