Mar 31, 2015
1. Term Loan and Working Capital facilities:
First Hypothecation charge over entire fixed and current assets (Both
present and future) of the company.
2. The Balances of debtors, creditors, loans and advances are subject
to their confirmations and reconciliation if any.
In the opinion of the Board of Directors of the Company and to the best
of their knowledge and belief all the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
Balance Sheet.
3. (a) Sundry Creditors do not include any sum due to small scale and
ancillary undertakings.
(b) The undertakings from which amounts were outstanding for more than
30 days do not include any small scale undertakings.
(c) The above information has been compiled in respect of parties, to
the extent to which they could be identified as small scale and
ancillary undertaking on the basis of information available with the
Company.
4. Related party disclosure: Disclosures as required by Accounting
Standard-18 "Related Party Disclosure" issued by the Institute of
Chartered Accountants of India in respect of transactions for the year
ended 31st March 2015 are as under:
The company has identified all the related parties having transactions
during the year as per the details given below.
i. List of Related Parties
(a) Individuals and other persons exercising control or significant
influence:
1. Shri B.H.Bapna (Managing Director)
2. Shri Vinod Bafna (Director)
3. Shri Sandeep Bapna (Director)
4. Shri Vijendra Bafna (Director's Brother)
5. Shri R.L.Mehta (Director)
6. Shri Dinesh Mohal
lal Sanghvi (Director)
7. Shri K.J.Rathod (Director)
8. Shri Anik Shah (Director)
9. Smt. Shilpa Bapna (Director)
10. Shri Sumit Rathod (Director)
11. Shri Dinesh Kumar
Jain (CFO)
12. Shri Niraj Khamesra (CS)
(b) Associate concerns in which any of the Directors or any of their
relative is interested:
1. Sun Polytex Private Limited
2. Crescent Polytex Private Limited
3. Sisarma Plastics LLP
4. Anita Plastics Inc.
5. Venus Polytex Private Limited
6. Harmony Plastics Private Limited
7. Plasti Weave Industries LLP
8. Cedar Investments Private Limited
5. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure.
Mar 31, 2014
Company Overview
Mewar Polytex Limited was originally incorporated in 1979 as private
limited company and subsequently converted in to public limited company
in 1994 is listed on Bombay Stock Exchange (BSE). The Company was
promoted by Mr. B.H. Bapna an engineer from University of California,
to manufacture light weight PP bags for packing minerals and chemical
during a period when HDPE bags were predominately used. The company is
now an ISO 9001:2008 certified export house. Company is having two
manufacturing units one at Mewar Industrial Area Madri established in
the year 1979 and second at village Nai established in the year
1994.Company has annual consolidated production capacity of3645 MT
including lamination.
1. Term Loan and Working Capital facilities:
Exclusive charge over entire Plant and Machinery and fixed assets (both
present and future) and equitable mortgage together with all building
structure thereon of the company and personal guarantee of Mr. B. H.
Bapna, Mr. Vinod Bafna and Mr. Sandeep Bapna.
2. The Balances of debtors, creditors, loans and advances are subject
to their confirmations and reconciliation if any.
In the opinion of the Board of Directors of the Company and to the best
of their knowledge and belief all the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
Balance Sheet.
3. (a) Sundry Creditors do not include any sum due to small scale and
ancillary undertakings.
(b) The undertakings from which amounts were outstanding for more than
30 days do not include any small scale undertakings.
(c) The above information has been compiled in respect of parties, to
the extend to which they could be identified as small scale and
ancillary undertaking on the basis of information available with the
Company.
4. Related party disclosure: Disclosures as required by accounting
Standard-18 ÂRelated Party Disclosure issued by the Institute of
Chartered Accountants of India in respect of transactions for the year
ended 31st March 2014 are as under:
The company has identified all the related parties having transactions
during the year as per the details given below.
i. List ofRelated Parties
(a) Individuals and other persons exercising control or significant
influence:
1. Mr. B. H. Bapna (Managing Director)
2. Mr. Vinod Bafna (Director)
3. Mr. Sandeep Bapna (Director)
4. Mr. Vijendra Bapna (Director''s Brother)
5. Mr. R. L. Mehta (Director)
6. Mr. Dinesh Mohal lal Sanghvi (Director)
7. Mr. K. J. Rathod (Director)
8. Mr. Anik Shah(Director)
9. Mrs. Shilpa Bapna (Director''s Wife)
(b) Associate concerns in which any of the Directors or any of their
relative is interested:
1. Sun Polytex Private Limited
2. Crescent Polytex Private Limited
3. Sisarma Plastics LLP
4. Anita Plastics Inc.
5. Venus Polytex Private Limited
6. Harmony Plastics Private Limited
7. Plasti Weave Industries LLP
8. Cedar Investments Private Limited
Mar 31, 2013
1 Company Overview
Mewar Polytex Limited was originally incorporated in 1979 as private
limited company and subsequently converted in to public limited company
in 1994 is listed on Bombay Stock Exchange (BSE). The Company was
promoted by Mr. B.H. Bapna an engineer from University of California,
to manufacture light weight PP bags for packing minerals and chemicals
during a period when HDPE bags were predominately used. The company is
now an ISO 9001:2008 certified export house. Company is having two
manufacturing units one at Mewar Industrial Area Madri established in
the year 1979 and second at village Nai established in the year 1994.
Company has annual consolidated production capacity of 3645 MT
including lamination.
2. Term Loan and Working Capital facilities:
First Hypothecation charge over entire fixed and current assets (Both
present and future) of the company.
3. The Balances of debtors, creditors, loans and advances are subject
to their confirmations and reconciliation if any.
In the opinion of the Board of Directors of the Company and to the best
of their knowledge and belief all the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
Balance Sheet.
4. (a) Sundry Creditors do not include any sum due to small scale and
ancillary undertakings.
(b) The undertakings from which amounts were outstanding for more than
30 days do not include any small scale undertakings.
(c) The above information has been compiled in respect of parties, to
the extend to which they could be identified as small scale and
ancillary undertaking on the basis of information available with the
Company.
5. Related party disclosure: Disclosures as required by accounting
Standard-18 "Related Party
Disclosure" issued by the Institute of Chartered Accountants of India
in respect of transactions for the year ended 31 st March 2013 are as
under:
The company has identified all the related parties having transactions
during the year as per the details given below.
i. List of Related Parties
(a) Individuals and other persons exercising control or significant
influence:
1. Mr. B.H.Bapna (Managing Director)
2. Mr. Vinod Bapna
3. Mr. Sandeep Bapna
4. Mr. Vij endra B apna
5. Mr.RL.Mehta
6. Mr. Dinesh Sanghvi
7. Mr.KJ.Rathod
8. Mr.AnikShah
9. Mrs. Shilpa Bapna
(b) Associate concerns in which any of the Directors or any of their
relative is interested:
1. Sun Polytex Private Limited
2. Crescent Polytex Private Limited
3. Sisarma Plastics Private Limited
4. Anita Plastics Inc.
5. Venus Polytex Private Limited
6. Harmony Plastics Private Limited
7. Plasti Weave Industries LLP
8. Cedar Investments Private Limited
6. Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2012
1 Company Overview
Mewar Polytex Limited was originally incorporated in 1979 as private
limited company and subsequently converted in to public limited company
in 1994 is listed on Bombay Stock Exchange (BSE). The Company was
promoted by Mr. B.H. Bapna an engineer from University of California,
to manufacture light weight PP bags for packing minerals and chemicals
during a period when HDPE bags were predominately used. The company is
now an ISO 9001:2000 certified export house. Company is having two
manufacturing units one at Mewar Industrial Area Madri established in
the year 1979 and second at village Nai established in the year 1994.
Company has annual consolidated production capacity of3645 MT including
lamination.
2. Term Loan and Working Capital facilities:
First Hypothecation charge over entire fixed and current assets (Both
present and future) of the company.
3. Contingent Liabilities not provided for:
31-03-2012 31-03-2011
Bill Discounted with Bank 127,41,509 NIL
4. The Balances of debtors, creditors, loans and advances are subject
to their confirmations and reconciliation if any.
In the opinion of the Board of Directors of the Company and to the best
of their knowledge and belief all the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
Balance Sheet.
5. (a) Sundry creditors do not include any sum due to small scale and
ancillary undertakings.
(b) The undertakings from which amounts were outstanding for more than
30 days do not include any small scale undertakings.
(c) The above information has been compiled in respect of parties, to
the extend to which they could be identified as small scale and
ancillary undertaking on the basis of information available with the
Company.
6. Related party disclosure: Disclosures as required by accounting
Standard-18 "Related Party Disclosure" issued by the Institute of
Chartered Accountants of India in respect of transactions for the year
ended 3 lil March 2012 are as under:
The company has identified all the related parties having transactions
during the year as per the details given below.
i. List of Related Parties
(a) Individuals and other persons exercising control or significant
influence:
1. Mr. B.H.Bapna (Managing Director)
2. Mr. Vinod Bapna
3. Mr. Sandeep Bapna
4. Mr. Vij endra B apna
5. Mr. R.L.Mehta
6. Mr. Dinesh Sanghvi
7. Mr. K.J.Rathod
8. Mr.AnikShah
9. Mrs. Shilpa Bapna
(b) Associate concerns in which any of the Directors or any of their
relative is interested:
1. Sun Polytex Private Limited
2. Crescent Polytex Private Limited
3. Sisarma Plastics Private Limited
4. Anita Plastics Inc.
5. Venus Polytex Private Limited
6. Harmony Plastics Private Limited
7. Plasti Weave Industries
8. Cedar Investments Private Limited
7. The Revised Schedule VI has become effective from April 1, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure.
Mar 31, 2010
1. Contingent Liabilities not provided for:
In addition to contingent liabilities reported by auditors in there
Audit Report relating to some pending cases, company has following
contingent liabilities not provided for:
31-03-2010 31-03-2009
Bill Discounted with Bank NIL 34,04,369
2. The Balances of debtors, creditors, loans and advances are subject
to their confirmations and reconciliation if any.
3. In the opinion of the Board of Directors of the Company and to the
best of their knowledge and belief all the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
Balance Sheet.
4. (a) Sundry creditors do not include any sum due to small scale arid
ancillary undertakings.
(b) The undertakings from which amounts were outstanding for more than
30 days do not include any small scale undertakings.
(c) The above information has been compiled in respect of parties, to
the extend to which they could be identified as small scale and
ancillary undertaking on the basis of information available with the
Company.
5. Related party disclosure: Disclosures as required by accounting
Standard-18 "Related Party Disclosure" issued by the Institute of
Chartered Accountants of India in respect of transactions for the year
ended 31st March 2010 are as under:
The company has identified all the related parties having transactions
during the year as per the details given below.
i. List of Related Parties
(a) Individuals and other persons exercising control or significant
influence:
1. Shree B.H.Bapna (Managing Director)
2. Shree Vinod Bapna
3. Shree Sandeep Bapna
4. Shree Vijendra Bapna
5. Shree R.L.Mehta
6. Shree M.V.Sanghvi
7. Shree K.J.Rathod
8. Shree Anik Shah
9. Smt. Mangla Bapna
(b) Associate concerns in which any of the Directors or any of their
relative is interested:
1. Sun Polytex Private Limited
2. Crescent Polytex Private Limited
3. Sisarma Plastics Private Limited
4. Venus Polytex Private Limited
5. Harmony Plastics Private Limited
6. Maple Industries
7. Plasti Weave Industries
8.. Cedar Invesments Private Limited
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