Mar 31, 2015
Note No. 1 Corporate information
The company is a public limited engaged in Trading & Manufacturing of
dyed yam, the Registered office of the company is situated at 1/324
Popat Street Nanpura, Surat. 395001.
Note 2 Segment Reporting
Segment information
There is only one segment as identified by the management viz Textiles,
as defined in the AS 17.
Note 3 :-Contingent Liabilities
The Excise deptt has raised demand of Rs. 1939.19 lacs and Rs 1387.35
Lacs on the company for the period from 1998 to 2003 and has also
imposed penalty of equal amount. The company has disputed the said
demand in Tribunal and in the opinion of the management the liability
will be deleted. The management has not proposed any provision in the
books for the said demand raised by the Excise Department.
Mar 31, 2014
Note 1 Segment Reporting Segment information
There is only one segment as identified by the management viz Textiles,
as defined in the AS 17.
Note 2 :-Contingent Liabilities
The Excise deptt has raised demand of ''1939.19 lacs and ''1387.35 lacs
on the company for the period from 1998 to 2003 and has also imposed
penalty of equal ammount. The company has disputed the said demand in
Tribunal and in the opinion of the management the liability will be
deleted. The management has not proposed any provision in the books for
the said demand raised by Excise Department.
Note 3 :- Related Party Disclosure as per AS-18
Notes To Cash Flow Statement
1 Direct taxes paid are treated as arising from operating activities
and are not bifurcated between investing and financing activities.
Mar 31, 2013
Note No. 1 :- Corporate information
The company is a public limited engaged in Trading & Manufacturing of
dyed yarn, the Registered office of the company is situated at 1/324
Popat Street Nanpura, Surat. 395001.
Note 2 :- Segment Reporting Segment information
There is only one segment as identified by the management viz Textiles
, as defined in the AS 17.
Note 3 :-Contingent Liabilities
The Excise deptt has raised liability of duty amounting to Rs 1387 Lacs
on the company for the period from 1998 to 2003 . The company has
disputed the said demand in Tribunal and in the opinion of the
management the liability will be deleted.
Notes To Cash Flow Statement
1 Direct taxes paid are treated as arising from operating activities
and are not bifurcated between investing and financing activities.
Mar 31, 2012
Note No1. InCorporate information
The company is a pubic limited engaged in Trading of yam the Registered
office of the company is situated at 1/324 Popat Street Nanpura, Surat.
395001.
Note 2 :- Segment Reporting Segment information
There is only one segment as identified by the management viz Textiles,
as defined in the AS 17.
Note 3 :-Contingent Liabilities
As explained to us there exists no such contingent liabilities which
may result in loss or which require provision to be made in the books
of accounts. No contingent gain has been recognised as income in the
books of accounts.
Mar 31, 2011
1. The outstanding Balances of Debtors, Creditors, Deposits and
advances are subject to confirmation.
2. Previous year figures have been regrouped or rearranged wherever
necessary to make them comparable with these of current year.
3. The company has not provided for gratuity.
The management has explained that provision for gratuity will be made
as per actuarial basis as and when it falls due and becomes applicable.
4. Advances include a sum of Rs.171.38 Lass outstanding from companies
in which directors are interested.
No interest has been charged on these advances. Management has
explained that the advances were made in earlier years against supplies
to be made by the companies.
5. Segment Reporting :
There is only one segment as identified by the Management via Textiles,
as defined in the AS-17.
6. Related Party Disclosure as per AS-18 is as Under:
a) Related Party relationship and transactions with them during the
period:
Mar 31, 2010
1. The outstanding Balances of Debtors, Creditors, Deposits and
advances are subject to
2. Previous year figures have been regrouped or rearranged wherever
necessary to make them comparable with these of current year.
3. The company has not provided for gratuity. The management has
explained that provision for gratuity will be made as per acturial
basis as and wher falls due and becomes applicable.
4 Advance to Suppliers includes a sum of Rs.157.38 lacs (P.Y.Rs. 179.31
lacs) given to companies in while Directors are interested.
5 Segment Reporting :
There is only one segment as identified by the Management viz Textiles,
as defined in the AS-17.
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