Mar 31, 2016
1. Related party transactions
Disclosure of Related partly transaction in accordance with the Accounting Standard 18 (A S 18) "Related Party Disclosure" issued by the institute of Chartered Accountants of India.
In sub Head transaction
2. Discontinuing operations- NO
3. Details of research and development expenditure recognized as an expense NIL
4. Interest in joint ventures-NA
5. The Cash Flow Statement reflects the combined cash flows pertaining to continuing and discounting operations.
6. These earmarked account balances with banks can be utilized only for the specific identified purposes.
Mar 31, 2015
1. The Financial Statements have been prepared under the historical
cost convention in accordance with the generally accepted accounting
principles and the provisions of the Companies Act 2013 as adopted
consistently by the Company.
2. The company generally follows mercantile system of accounting and
recognizes significant items of income and expenditure on accrual
basis.
3.a Exceptional items @ NIL
4.b Extraordinary items # NIL
5. Monies received against share warrants NIL
6. Share application money pending allotment  NIL
7. Contingent liabilities and commitments (to the extent not
provided for)
As at 31 As at 31
March, 2015 March, 2014
Rs. Rs.
Contingent liabilities NIL NIL
(a) Claims against the Company not
acknowledged as debt (give details)
(b) Guarantees @ (give details) 6,549,539.00 6,549,539.00
(c) Other money for which the Company
is contingently liable (give details)
8. Details of unutilised amounts out of issue of securities made
for specific purpose NA
9. Disclosures required under Section 22 of the Micro, Small and
Medium Enterprises Development Act, 2006 NIL
10. Disclosure as per Clause 32 of the Listing Agreements with
the Stock Exchanges
11. Details on derivatives instruments and unhedged foreign
currency exposures - NA
12. Disclosure required in terms of Clause 13.5A of Chapter XIII
on Guidelines for preferential issues, SEBI (Disclosure and Investor
Protection) Guidelines, 2000
13. Details of fixed assets held for sale NIL
14. Related Party Transaction
Disclosure of Related party transaction in accordance with the
Accounting Standard 18 (A S 18) "Related Party Disclosure" issued by
the institute of Chartered Accountants of India.
In sub Head transaction
15. Research and development expenditure recognised as an
expense - NIL
16. Interest in joint ventures- NA
17. Details of provisions
Mar 31, 2014
Particulars As at 31 As at 31
March, 2014 March, 2013
Deferred tax (liability) / asset
Tax effect of items constituting deferred
tax liability
On difference between book balance and tax
balance of fixed assets 555,458 293,901
Tax effect of items constituting deferred tax
liability 555,458 293,901
Tax effect of items constituting deferred tax
assets
Disallowances under Section 40(a)(i), 43B of
the Income Tax Act, 1961 (424,852) 82,496
Tax effect of items constituting deferred tax
assets (424,852) 82,496
Net deferred tax liability / (asset) 980,310 211,405
Note 2
The Company is in the business of manufacturing and dealing in footwear
only which is in context to Accounting Standard AS 17 "Segment
Reporting" issued by the Institute of Chartered Accountants of India is
the only business segment.
Note 3
Related Party Transaction
Disclosure of Related party transaction in accordance with the
Accounting Standard 18 (A S 18) "Related Party Disclosure" issued by
the institute of Chartered Accountants of India. In sub Head
transaction
Note 4
As per the information available with the Company there are no dues
outstanding including interest as on 31st March, 2014 to small, medium
and micro enterprises, as defined under Micro Small and Medium
enterprises Development Act, 2006.
Note 5
There are no amounts due and outstanding to be credited to Investor
Education Protection Fund.
Note 6
The Contingent Liabilities as per AS 29 of ICAI are as under
Bank Guarantee (Rs.) 6,889,539
Letter of credit (Rs.) 12,320,916
Note 7
The previous year''s figures have been reworked, regrouped and
reclassified wherever necessary.
Note 8
Director''s Remuneration Rs. 5.01 Lacs.
Mar 31, 2013
Note 1
The Company is in the business of manufacturing and dealing in footwear
only which is in context to Accounting Standard AS 17 "Segment
Reporting" issued by the Institute of Chartered Accountants of India
is the only business segment.
Note 2
Related Party Transaction
Disclosure of Related party transaction in accordance with the
Accounting Standard 18 (A S 18) "Related Party Disclosure" issued
by the institute of Chartered Accountants of India. In sub Head
transaction
Note 3
As per the information available with the Company there are no dues
outstanding including interest as on 31st March, 2013 to small, medium
and micro enterprises, as defined under Micro Small and Medium
enterprises Development Act, 2006
Note 4
There are no amounts due and outstanding to be credited to Investor
Education Protection Fund.
Note 5
The Contingent Liabilities as per AS 29 of ICAI are as under
Bank Guarantee (Rs.) 6,549,539
Letter of Credit (Rs.) 2,811,190
Note 6
The previous year''s figures have been reworked, regrouped and
reclassified wherever necessary.
Note 7
Director''s Remuneration Rs. 5.01 Lacs.
Mar 31, 2012
Note 1
The Company is in the business of manufacturing and dealing in footwear
only which is in context to Accounting Standard AS 17 "Segment
Reporting" issued by the Institute of Chartered Accountants of India is
the only business segment.
Note 2
Related Party Transaction
Disclosure of Related party transaction in accordance with the
Accounting Standard 18 (A S 18) "Related Party Disclosure" issued by
the institute of Chartered Accountants of India. In sub Head
transaction
Note 3
As per the information available with the Company there are no dues
outstanding including interest as on 31st March, 2012 to small, medium
and micro enterprises, as defined under Micro Small and Medium
enterprises Development Act, 2006
Note 4
There are no amounts due and outstanding to be credited to Investor
Education Protection Fund.
Note 5
The contingent liabilities as per AS. 29 of ICAI are as under -
Bank Guarantee - Rs. 6,549,539
Letter of credit - Rs. 3,126,355
Note 6
The previous year's figures have been reworked, regrouped and
reclassified wherever necessary.
Note 7
Director's remuneration Rs. 9.46 Lacs.
Mar 31, 2010
1 a) The previous years figures have been reworked,regrouped and
reclassified wherever necessary.
b) Figures have been presented in Lacs of rupees with two decimals.
c) Provision of Deferred Tax has been provided in accordance with the
Accounting Standard 22-According for Taxation on income issued by The
Institute of chartered Accountants of India.
2. a) The company has been advised that the computation of net profits
for the purposes of Directors remuneration under section 349 of the
companies Act 1956 need not be enumerated since no commission has been
paid to the Directors. Fixed monthly remuneration has been paid to the
directors asa per Schedule XIII to the Companies Act 1956.
b) Directors remuneratin Rs. 8.58 Lacs.
3. There was no impairment loss on Fixed Assets on the Basis of
review carried out by the management in Accordance with the accounting
standard 28 issued by the Institute of Chartered Accountants of India.
4. Taxes on Income:
i) Current tax is measured and the amount expected to be paid to
taxation authorities using the applicable tax rates and tax laws.
ii) Deferred tax assets & liabilities are measured using tax rates &
tax laws that has been announced upto the balance sheet date. Deferred
assets & Liabilities are recognised for the future tax consequences
attributable to timing difference between taxable income and accounting
income.
5. The Company is in the business of manufacturing & dealing in
footwear only which is in context to accounting standard (AS=17)
"Segment Reporting" issued by the institute of Chartered Accountant of
India is the only business segment.
6. Related Party Transaction
Disclosure of Related party transaction in accordance with Accounting
Standard 18 (A.S. 18) Related Party Disclosure", issued by the
institute of Chartered Accounting of India. In sub head transaction.
Party Relationship Name of Transaction Volume (Rs)
Bawa Skin Company Common Key Rent Paid 396000.00
Managerial
Personnel
Bawa Skin
Company Common Key Sale 948064.00
Managerial Personnel
7. As per the information available with the company there are not
dues outstanding including interest as on 31st March 2010 to small,
Medium and Micro enterprises, as defined under Micro, Small and Medium
enterprises Development Act, 2006
8. There are no amounts due and outstanding to be credited to
Investor Education Protection Fund.