Mar 31, 2014
Corporate information
The Company is into the activity of manufacturing of Sugar Candies. The
principal place of business is situated at 133, APIIC Industrial
Estate, Medchal-500 401, RR Dist, Telangana.
1. Contingent liabilities not provided for in respect of:
a. The company is in receipt of assessment order of Sales Tax for the
years 05-06 & 06-07 by not considering the Input tax on the materials
which were used in the Job works, against the said assessment order,
the company has preferred for appeal before the Deputy Commissioner of
Sales Tax, Hyderabad. The Company is expecting a favorable result from
the appellate authority.
2.Secured Loans:
a. The loans under hire purchase schemes are secured by hypothecation
of vehicles owned by the company for Rs. 36.16 Lakhs
b. M/s Sampre Nutritions Ltd. has received Rs. 1 Crore as Secured loan
by primarily secured by first charge on Plot situated between Plot No.
133 & 135, APIIC, Industrial Estate, Medchal belongs to Sampre
Nutritions Ltd.
3. The sundry debtors, current assets, loans and advances have a value
on realization, in the ordinary course of business, at least equal to
the amount at which they are stated by the company.
4. The company has corresponded with old debtors and creditors and the
dues which were neither recoverable nor payable have been written off
during the year. Still there are some parties from which the company is
yet to receive confirmations in respect of balances outstanding in
sundry debtors and creditors.
5. As per the information available with the company, it appears that
no dues outstanding for more than 30 days in excess of Rs.1,00,000/- as
on 31st March 2014 in respect of Small Scale Industrial Undertakings.
It is reported that there are no specific claims on the company from
the small scale industrial supplier under the "Interest on Delayed
Payments to small Scale and Ancillary Industrial Undertaking Act, 1993"
during the said year.
8. There are no debts outstanding as on 31st March 2014 from Directors
or other officers of the company other than imprest cash in order to
meet running expenses.
9. Segment Reporting:
The company''s business consists of one primary reportable business
segment of manufacturing and sale of sugar boiled candies and toffees
with manufacturing facility at single place and consists of major
revenue on account of Processing charges, no separate disclosures
pertaining to attributable revenues, profits, assets, liabilities and
capital employed are given as required under Accounting Standard  22.
10.Deferred Tax Liability:
Deferred tax liability as on 01.04.2014 due to timing differences
between financial statements and taxation statements based on the
return of income filed by the company as per applicable rate of
taxation, estimated has been shown under Deferred Tax Liability in
Balance Sheet as per the procedure prescribed in the Accounting
Standard  22.
11. Earnings per Share (EPS)
The earnings considered in ascertaining the company''s Earnings per
share comprise of net profit after tax. The number of shares used in
computing Basic earnings per share is the weighted average number of
shares outstanding during the year. The numerators and denominators
used to calculate earnings per share.
12. Taxes on income
The company made necessary provision for income tax and fringe benefit
tax as per the provisions of income tax act, 1961.
13. Disclosure as required by Accounting Standard 18 (AS Â 18)
"Related Party Disclosures" issued by the Institute of Chartered
Accountants of India are as follows:
Name of the related parties and description of relationship
a) Associates: M/s. Royes Industries Limited
M/s. Naturalle Health Products Pvt. Ltd.
b) Key Managerial Personnel Shri Brahma K Gurbani (MD)
Smt. Meera B Gurbani (Director)
15. Previous year''s figures have been re grouped / and or re arranged
wherever necessary to confirm with the current year classification.
16. Provision for accruing liability for Super Annuation / Retirement
benefits have been made in the basis of the liability as actually
determined as at the year end.
17. Depreciation has been provided on straight line method in
accordance with the provision of companies act, 1956.
18. There were no employees drawing remuneration of Rs.60.00lacs or
more per annum or Rs.5.00 lacs or more per month, if employed for part
of the year.
19. Paisa is rounded off to nearest rupee.
20. Micro and Medium Scale Business Entities:
There are no micro, small and medium enterprises, to whom the company
over dues, which are outstanding for more than 45 days as at 31st March
2014. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have been identified on the basis of
information available with the company.
Mar 31, 2013
Notes 1-2
Corporate information
The Company is into the activity of manufacturing of Sugar Candies. The
principal place of business is situated at 133, APIIC Industrial
Estate, Medchal-500 401, RR Dist, Andhra Pradesh.
1. Contingent liabilities not provided for in respect of:
a. The company is in receipt of assessment order of Sales Tax for the
years 05-06 & 06-07 by not considering the Input tax on the materials
which were used in the Job works, against the said assessment order,
the company has preferred for appeal before the Deputy Commissioner of
Sales Tax, Hyderabad. The Company is expecting a favorable result from
the appellate authority.
2. Secured Loans:
a. The loans under hire purchase schemes are secured by hypothecation
of vehicles owned by the company
b. The working capital loan of Rs.26.50 Lakhs from AXIS Bank is
primarily secured by first charge on stocks procured against confirmed
orders / LC, hypothecation of book debts and export bills and
collaterally secured by second charge on the fixed block of the
company.
3. The sundry debtors, current assets, loans and advances have a value
on realization, in the ordinary course of business, at least equal to
the amount at which they are stated by the company.
4. The company has corresponded with old debtors and creditors and the
dues which were neither recoverable nor payable have been written off
during the year. Still there are some parties from which the company is
yet to receive confirmations in respect of balances outstanding in
sundry debtors and creditors.
5. As per the information available with the company, it appears that
no dues outstanding for more than 30 days in excess of Rs.1,00,000/- as
on 31st March 2013 in respect of Small Scale Industrial Undertakings.
It is reported that there are no specific claims on the company from
the small scale industrial supplier under the "Interest on Delayed
Payments to small Scale and Ancillary Industrial Undertaking Act, 1993"
during the said year.
6. There are no debts outstanding as on 31st March 2013 from Directors
or other officers of the company other than imprest cash in order to
meet running expenses.
7. Segment Reporting:
The company''s business consists of one primary reportable business
segment of manufacturing and sale of sugar boiled candies and toffees
with manufacturing facility at single place and consists of major
revenue on account of Processing charges, no separate disclosures
pertaining to attributable revenues, profits, assets, liabilities and
capital employed are given as required under Accounting Standard  22.
8. Deferred Tax Liability:
Deferred tax liability as on 01.04.2013 due to timing differences
between financial statements and taxation statements based on the
return of income filed by the company as per applicable rate of
taxation, estimated has been shown under Deferred Tax Liability in
Balance Sheet as per the procedure prescribed in the Accounting
Standard  22.
9. Earnings per Share (EPS)
The earnings considered in ascertaining the company''s Earnings per
share comprise of net profit after tax. The number of shares used in
computing Basic earnings per share is the weighted average number of
shares outstanding during the year. The numerators and denominators
used to calculate earnings per share.
10. Taxes on income
The company made necessary provision for income tax and fringe benefit
tax as per the provisions of income tax act, 1961.
11. Previous year''s figures have been re grouped / and or re arranged
wherever necessary to confirm with the current year classification.
12. Provision for accruing liability for Super Annuation / Retirement
benefits have been made in the basis of the liability as actually
determined as at the year end.
13. Depreciation has been provided on straight line method in
accordance with the provision of companies act, 1956.
14. There were no employees drawing remuneration of Rs.60.00lacs or
more per annum or Rs.5.00 lacs or more per month, if employed for part
of the year.
15. Paisa is rounded off to nearest rupee.
16. Micro and Medium Scale Business Entities:
There are no micro, small and medium enterprises, to whom the company
over dues, which are outstanding for more than 45 days as at 31st March
2013. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have been identified on the basis of
information available with the company.
17. ADDITIONAL INFORMATION pursuant to provisions of para 3, 4C and 4D
of part II Schedule VI of the Companies Act, 1956.
Mar 31, 2010
1. Contingent liabilities not provided for in respect of
a. The company is in receipt of assessment order of Sales Tax for the
years 05-06 & 06-07 by not considering the Input tax on the materials
which were used in the Job works, against the said assessment order,
the company has preferred for appeal before the Deputy Commissioner of
Sales Tax, Hyderabad. The Company is expecting a favorable result from
the appellate authority.
2. Secured Loans
a. The loans under hire purchase schemes are secured by hypothecation
of vehicles owned by the company
b. The working capital loan of Rs.168lakhs from AXI Bank is primarily
secured by first charge on stocks procured against confirmed orders /
LC, hypothecation of book debts and export bills and collaterally
secured by second charge on the fixed block of the company.
c. The working capital limits of and Rs.150lakhs from SBI, Commercial
Branch, Koti, Hyderabad is secured by exclusive first charge on stock
of Raw Materials, Stock in process, Finished Goods and receivables of
the company pertaining to the project of Micronutrient Initiative and
collaterally secured by companys plot of land in between plot no.33 &
137 admeasuring 2119.8 Sq. Mtrs. In S. No. 865/2 situated in Industrial
Estate, Medchal RR Dist besides second charge onentire other current
assets of the company (Other than charged to UTI Bank Ltd, Begumpet,
Hyderabad).
3. The sundry debtors, current assets, loans and advances have a value
on realization, in the ordinary course of business, at least equal to
the amount at which they are stated by the company.
4. The company has corresponded with old debtors and creditors and the
dues which were neither recoverable nor payable have been written off
during the year. Still there are some parties from which the company is
yet to receive confirmations in respect of balances outstanding in
sundry debtors and creditors.
5. As per the information available with the company, it appears that
no dues outstanding for more than 30 days in excess of Rs. 1,00,000/-
as on 3.1st March 2009 in respect of Small Scale Industrial
Undertakings. It is reported that there are no specific claims on the
company from the small scale industrial supplier under the "Interest on
Delayed Payments to small Scale and Ancillary Industrial Undertaking
Act, 1993" during the said year.
6. There are no debts outstanding as on 31st March 2010 from Directors
or other officers of the company other than imprest cash in order to
meet running expenses.
7. Traveling expenses includes Rs.4,18,188 (Previous year
Rs.3,60,701/-) towards Directors traveling out of which Directors
foreign travel expenses is to the tune of Rs. NIL (Previous year
Rs.38,771).
8. Segment Reporting
The companys business consists of one primary reportable business
segment of manufacturing and sale of sugar boiled candies and toffees
with manufacturing facility at single place and consists of major
revenue on account of Processing charges, no separate disclosures
pertaining to attributable revenues, profits, assets, liabilities and
capital employed are given as required under Accounting Standard - 17.
9. Deferred Tax Liability
Deferred tax liability as on 01.04.2009 due to timing differences
between financial statements and taxation statements based on the
return of income filed by the company as per applicable rate of
taxation, estimated at Rs.3,37,992(Net) has been shown under Deferred
Tax Liability in Balance Sheet as per the procedure prescribed in the
Accounting Standard - 22.
10. Earnings per Share (EPS)
The earnings considered in ascertaining the companys Earnings per
share comprise of net profit after tax. The number of shares used in
computing Basic earnings per share is the weighted average number of
shares outstanding during the year. The numerators and denominators
used to calculate earnings per share.
11. Taxes on income and Fringe Benefit
The company made necessary provision for income tax and fringe benefit
tax as per the provisions of income tax act, 1961.
12. Disclosure as required by Accounting Standard -18
"Related Party Disclosures" issued by the Institute of Chartered
Accountants of India are as follows:
Name of the related parties and description of relationship
a) Associates: M/s. Royes Industries Limited
M/s. Naturalle Health Products Pvt. Ltd.
M/s. Taraka Foods and Confectionery Pvt. Ltd.
b) Key Managerial
Personnel Shri Brahma K Gurbani (MD)
Smt Meera B Gurbani (Director)
c) Details of transactions during the year
13. Previous years figures have been re grouped / and or re arranged
wherever necessary to confirm with the current year classification.
14. Provision for accruing liability for Super Annuation / Retirement
benefits have been made in the basis of the liability as actually
determined as at the year end.
15. Depreciation has been provided on straight line method in
accordance with the provision of companies act, 1956.
16. There were no employees drawing remuneration of Rs.24.00lacs or
more per annum or Rs.2.00lacs or more per month, if employed for part
of the year.
17. Paisa is rounded off to nearest rupee.
18. Micro and Medium Scale Business Entities
There are no micro, small and medium enterprises, to whom the company
over dues, which are outstanding for more than 45 days as at 31st March
2010. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such pfarties have been identified on the basis of
information available with the company.
Mar 31, 2009
1. Contingent liabilities not provided for in respect of:
a. The company is in receipt of assessment order of Sales Tax for the
years 05-06 & 06-07 by not considering the Input tax on the materials
which were used in the Job works, against the said assessment order,
the company has preferred for appeal before the Deputy Commissioner of
Sales Tax, Hyderabad. The Company is expecting a favorable result from
the appellate authority.
2. Secured Loans:
a. The loans under hire purchase schemes are secured by hypothecation
of vehicles owned by the company
b. The working capital loan of Rs.168lakhs from AXI Bank is primarily
secured by first charge on stocks procured against confirmed orders /
LC, hypothecation of book debts and export bills and collaterally
secured by second charge on the fixed block of the company.
c. The working capital limits of and Rs.150lakhsfrom SBI, Commercial
Branch, Koti, Hyderabad is secured by exclusive first charge on stock
of Raw Materials, Stock in process, Finished Goods and receivables of
the company pertaining to the project of Micronutrient Initiative and
collaterally secured by companys plot of land in between plot no.33 &
137 admeasuring 2119.8 Sq. Mtrs. In S. No. 865/2 situated in Industrial
Estate, Medchal RR Dist besides second charge on entire other current
assets of the company (Other than charged to UTI Bank Ltd, Begumpet,
Hyderabad).
3. The sundry debtors, current assets, loans and advances have a value
on realization, in the ordinary course of business, at least equal to
the amount at which they are stated by the company.
4. The company has corresponded with old debtors and creditors and the
dues which were neither recoverable nor payable have been written off
during the year. Still there are some parties from which the company is
yet to receive confirmations in respect of balances outstanding in
sundry debtors and creditors.
5. As per the information available with the company, it appears that
no dues outstanding for more than 30 days in excess of Rs. 1,00,000/-as
on 31st March 2009 in respect of Small Scale Industrial Undertakings.
It is reported that there are no specific claims on the company from
the small scale industrial supplier under the "Interest on Delayed
Payments to small Scale and Ancillary Industrial Undertaking Act, 1993"
during the said year.
6. There are no debts outstanding as on 31st March 2009 from Directors
or other officers of the company other than imprest cash in order to
meet running expenses.
7. Traveling expenses includes Rs.4,18,188 (Previous year
Rs.3,60,701/-) towards Directors traveling out of which Directors
foreign travel expenses is to the tune of Rs. NIL (Previous year
Rs.38,771).
8. Segment Reporting:
The companys business consists of one primary reportable business
segment of manufacturing and sale of sugar boiled candies and toffees
with manufacturing facility at single place and consists of major
revenue on account of Processing charges, no separate disclosures
pertaining to attributable revenues, profits, assets, liabilities and
capital employed are given as required under Accounting Standard -17.
9. Deferred Tax Liability:
Deferred tax liability as on 01.04.2009 due to timing differences
between financial statements and taxation statements based on the
return of income filed by the company as per applicable rate of
taxation, estimated at Rs.3,37,992(Net) has been shown under Deferred
Tax Liability in Balance Sheet as per the procedure prescribed in the
Accounting Standard - 22.
10. Earnings per Share (EPS)
The earnings considered in ascertaining the companys Earnings per
share comprise of net profit after tax. The number of shares used in
computing Basic earnings per share is the weighted average number of
shares outstanding during the year. The numerators and denominators
used to calculate earnings per share.
11. Taxes on income and Fringe Benefit
The company made necessary provision for income tax and fringe benefit
tax as per the provisions of income tax act, 1961.
12. Disclosure as required by Accounting Standard 18 (AS - 18)
"Related Party Disclosures" issued by the Institute of Chartered
Accountants of India are as follows:
Name of the related parties and description of relationship
a) Associates: M/s. Royes Industries Limited
M/s. Naturalle Health Products Pvt. Ltd.
M/s. Taraka Foods and Confectionery Pvt. Ltd.
b) Key Managerial Personnel Shri Brahma K Gurbani (MD)
Smt Meera B Gurbani (Director)
13. Previous years figures have been re grouped / and or re arranged
wherever necessary to confirm with the current year classification.
14. Provision for accruing liability for Super Annuation / Retirement
benefits have been made in the basis of the liability as actually
determined as at the year end.
15. Depreciation has been provided on straight line method in
accordance with the provision of companies act, 1956.
16. There were no employee drawing remuneration of Rs.24.00lacs or
more per annum or Rs.2.00lacs or more per month, if employed for part
of the year.
17. Paisa is rounded off to nearest rupee.
18. Micro and Medium Scale Business Entities:
There are no micro, small and medium enterprises, to whom the company
over dues, which are outstanding for more than 45 days as at 31 March
2009. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such p[arties have been identified on the basis of
information available with the company.
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