Mar 31, 2013
RELATED PARTY DISCLOSURES:
a) The company has the following related parties with transactions have
taken place during the year
Associates:
Navabharat Press Ltd.
Navabharat Press, Nagpur
Bionova Paper Krafts Pvt. Ltd
Navabharat Real Estate Pvt. Ltd.
MANAGING DIRECTOR:
Mr. Nimish Maheshwari
NOTE-2
CONTINGENT LIABILITIES
a) Counter Guarantees given to Banks for
issuing Bank Guarantees 35125.00 26598.20
b) Claims against company not acknowledged
as debt: 72840.00 30120.00
Bills of MSEDC Ltd
c) Contracts remaining to be executed
on Capital Accounts Nil Nil
d) Contingent Liability of right to
compense arising out of re-schedulement of
credit facilities by State Bank of India 156000.00 156000.00
Mar 31, 2012
NOTE-1
CONTINGENT LIABILITIES As at MARCH 2012 As at MARCH 2011
Rs. in Thousands Rs. in Thousands
a) Counter Guarantees given to
Banks for issuing Bank
Guarantees 2659.82 70009.48
b) Claims against company not
acknowledged as debt
Bills of MSEDC Ltd 3012.00 3012.00
c) Contracts remaining to be
executed on Capital Accounts NIL NIL
d) Contingent Liability of right
to compose arising out of
re-schedulement of credit
facilities by State Bank of
India 1560.00 15600.00
Mar 31, 2011
I. Contingent Liabilities:
a) Bank Guarantees outstanding Rs.70.01 Lacs (Last year:
Rs. 83.10 Lacs)
b) Claims against company
not acknowledged :
i) Bills of M.S.E.D.C. Ltd., Rs. 30.12 Lacs (Last year:
Rs. 30.12 Lacs)
ii) Sales tax liabilities, Rs. 48.10 Lacs (Last
disputed in Appeals year: Rs. 46.10 Lacs)
c) Contracts remaining to be Nil (Last Year: Nil)
executed on Capital
accounts
d) Contingent Liability of Rs. 156.00 Lacs (Last year
right to recompense arising Rs. 156 Lacs)
out of re-scheduiement of
credit facilities by
State Bank of India :
II. Particulars in respect of goods manufactured :
a) Name of the product Newsprint in Rolls / sheets and
Kraft Paper
b) Licenced Capacity 25000 TPA (Last year 25000 TPA)
c) Installed Capacity 21780 TPA (Last year 21780 TPA)
d) Opening Stock 59.612 MT (Last year 70.747 MT)
e) Production 11597.289 MT (Last year 12351.994 MT)
f) Sales 11609.58 MT (Last year 12363.129 MT)
g) Closing Stock 47.320 MT (Last year 59.612
Mar 31, 2010
I. Contingent Liabilities :
a) Bank Guarantees outstanding : Rs. 83.10 Lacs (Last year: Rs. 62.77
Lacs)
b) Claims against company not acknowledged :
i) Bills of M.S.E.D.C. Ltd., : Rs. 30.12 Lacs (Last year: Rs. 30.12
Lacs)
ii) Sales tax liabilities, disputed in Appeals Rs. 46.10 Lacs (Last
year: Rs. 46.10 Lacs)
c) Contracts remaining to be executed on : Nil (Last Year: Nil) Capital
accounts
d) Contingent Liability of right to recompense arising out of
re-schedulement of credit facilities by State Bank of India : Rs. 156.00
Lacs (Last year: Rs. 156 Lacs)
II. Particulars in respect of goods manufactured :
a) Name of the product : Newsprint in Rolls / sheets and Kraft Paper
b) Licenced Capacity 25000 TPA (Last year 25000 TPA)
c) Installed Capacity 21780 TPA (Last year 21780 TPA)
d) Opening Stock 70.747 MT (Last year 56.708 MT)
e) Production 12351.994 MT (Last year 23390.204 MT)
f) Sales : 123631129 MT (Last year 23376.165 MT)
g) Closing Stock 59.612 MT (Last year 70.747 MT)
2. Related Party Disclosure :
a) The company has the following related parties with whom transactions
have taken place during the year:
Associates:
- Navabharat Press Ltd.
- Madhyadesh Press Pvt. Ltd.
- Madhyadesh Construction & Finance Pvt. Ltd.
- Navabharat Press, Nagpur
- Shri Bio Fuels
- Bionova Paper Krafts Pvt. Ltd.
Schedules 01 to 17 form an integral part of the accounts and are signed
for the purpose of identification.
Mar 31, 2009
1. The Company has issued optionally convertible preferential share
warrants, in favour of six investors, giving them rights to subscribe
to 15,00,000 shares of the company with face value of Rs. 10/- at a
premium of Rs. 12/-. The company has received Rs. 33,00,000/ - (being
10% of total payable amount) against these share warrants. As these
investors did not exercise their rights, this amount is forfeited and
shown as Capital Reserve.
I. Contingent Liabilities :
a) Bank Guarantees outstanding : Rs. 62.77 Lacs (Last year:
Rs. 9.44)
b) Claims against company not
acknowledged :
i) Bills of M.S.E.D.C. Ltd., : Rs. 30.12 Lacs (Last year:
Rs. 30.12
Lacs)
ii) Sales tax liabilities,
disputed in Appeals Rs. 46.10 Lacs (Last year:
Nil)
c) Contracts remaining to be
executed on : Nil (Last Year: Nil)
Capital accounts
d) Contingent Liability of right
to recompense arising out of
reschedulement of credit
facilities by State Bank of India : Rs. 156.00 Lacs (Last
year: Rs. 156.00 Lacs)
V. Break up of raw materials & consumables :
Figures in parentheses denote those relating to last year.
VI. Particulars in respect of goods manufactured :
a) Name of the product Newsprint in Rolls / sheets
and Kraft Pape
b) Licenced Capacity 25000 TPA (Last
year 25000 TPA)
c) Installed Capacity 21780 TPA (Last year
21780 TPA)
d) Opening Stock 56.708 MT (Last year
64.553 MT)
e) Production 23390.204 MT (Last year
20873.839 MT)
f) Sales 23376.165 MT (Last year
20881.684 MT)
g) Closing Stock 70.747 MT (Last year
56.708 MT)
2. Related Party Disclosure :
a) The company has the following related parties with whom transactions
have taken place during the year:
Associates :
- Navabharat Press Ltd.
- Madhyadesh Press Pvt. Ltd.
- Madhyadesh Construction & Finance Pvt. Ltd.
- Navabharat Press, Nagpur
- Shri Bio Fuels
- Bionova Paper Krafts Pvt. Ltd.
Managing Director - Mr. Nimish Maheshwari
Schedules 01 to form an integral part of the accounts and are signed
for the purpose of identification.