Mar 31, 2015
CONTINGENT LIABILITIES AS ON BALANCE SHEET DATE.
1 HON, BLE M.P. has given probable liability under sales tax and excise
acts on purchase of denatured spirit relating to 1991-1992 . High
Court has granted a stay. (Rs. 47.50 Lacs) Estimated amount due.
a Terms / Rights Attached to Shares
i Equity Shares The Company has only one class of Equity shares having
a par value of 10/-. Each holder of equity shares is entitled to one
vote per share.
The Company declares and pays dividends in Indian rupees. The dividend
proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
During the Year Ended 31st March 2014 the amount per share dividend
recognized as distributions to equity shareholders was Rs. NIL For 31sr
March 2013 was Rs NIL)
In the event of liquidation of the Company, the holders of equity
shares willbe entitled to receive any of the remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
Mar 31, 2014
1. These financial statements are prepared in accordance with Indian
Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis except for certain financial
instruments which are measured at fair values. GAAP comprises
mandatory accounting standards as prescribed by the Companies
(Accounting Standards) Rules, 2006, the provisions of the Companies
Act, 1956 and guidelines issued by the Securities and Exchange Board of
India (SEBI). Accounting policies have been consistently applied
except where a newly issued accounting standard is initially adopted or
a revision to an existing accounting standard requires a change in the
accounting policy hitherto in use.
2. Terms / Rights Attached to Shares
i Equity Shares
The Company has only one class of Equity shares having a par value of
10/-. Each holder of equity shares is entitled to one vote per share.
The Company declares and pays dividends in Indian rupees. The dividend
proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
During the Year Ended 31st March 2014 the amount per share dividend
recognized as distributions to equity shareholders was Rs. NIL For 31sr
March 2013 was Rs NIL)
In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive any of the remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
3. Shares reserved for issue under options / Contracts / Commitments
4. Terms and Conditions of Borrowings
6551091 Loan from Bank of India is secured against hypothication /
pledge of stock/debitors/and other Assets of the company
5. PREVIOUS YEAR FIGURES
The Company has reclassified and regrouped the Previous Year Figures to
confirm the current classification.
Mar 31, 2010
(1) Related party disclosures as required as per accounting standard
(AS-18) on "Related Party Disclosures" issued by the Institute of
Chartered Accountant of India, are as below;
a. List of related parties and relation ships
Related party and there relationship
Key Management Personnel Shri Shyam Kabra, Managing Director
Manager Smt. Kusum Kabra (Spouse of MD)
Director Shri Mahendra Mandloi
Relatives of key management personal and their enterprises in which key
management personnel are interested
None
Note: Related party relationship is as identified by the company and
relied upon by the auditors.
(2) EMPLOYEES RETIREMENT BENEFITS
Contribution to provident fund & ESIC are charged to P&L a/c on actual
basis and provision for gratuity , leave encasement etc. Retirement
benefits are charges to P&L a/c on payment basis. The company has not
practice to create separate reserve on actual basis.
(3) Bank interest on F.D. which are deposited by the company with
various government departments as security deposit, not provided in the
accounts.
(4) The company has accounted retirement benefits to the employees on
payment basis. Provision for gratuity and other benefits are not
provided in balance sheet.
(5) Disclosures of sundry creditors under current liabilities is based
on the information available with the company regarding the status of
the suppliers as defined under the "interest on Delayed Payments to
small scale and Ancillary industrial Undertakings Act, 1993". The
company has no creditors in this category.
(6) Sales are net of Excise Duty & Sales Tax.
(7) Previous years figures are given in brackets & have been regrouped
& re arranged wherever necessary.
(8) The quantitative data of opening stock, purchase, production,
sales, closing stock, shortage/ excess & valuation of stock are taken
to be correct as appearing in respective ledger accounts & as certified
by the management
(9) Cash balance at the end of the year has been taken as certified by
the management.
(10) The audit have been completed with the help of available voucher,
cash memos, invoices & other information given in the cash book,
ledger, & explanation given by the management.
Quantitative Data
Note : Figures given in brackets are for previous year.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article