Mar 31, 2015
Note 1. Segment Reporting
The Company is engaged in the business of manufacturing of Yarn and all
other activities of the company revolve around the mam business and the
Company operates in a single geography i.e. India. As per the opinion
of the management, disclosure of segment information as prescribed in
the Accounting Standard 17 (AS 17) "Segment Reporting" issued by the
Institute of Chartered Accountants of India is not applicable.
Mar 31, 2014
Note 1 Disclosures pursuant to Accounting Standard-15 "Employee
Benefit"
The Company has provided for Gratuity based on actuarial valuation on
the basis of projected unit credit method.
The following table summaries the components of the net benefit
recognized in the profit and loss account and amounts recognized in the
Balance Sheet.
Note 2 Segment Reporting
The Company is engaged in the business of manufacturing of Yarn and all
other activities of the company revolve around the main business and
the Company operates in a single geography i.e. India. As per the
opinion of the management, disclosure of segment information as
prescribed in the Accounting Standard 17 (AS 17) "Segment
Reporting" issued by the Institute of Chartered Accountants of India
is not applicable.
Note 3 Related Party Disclosures
Disclosures as required under Accounting Standard (AS) 18 "Related
Party Disclosures" issued by the Institute of Chartered Accountants
of India are given below:
Name of the Related Party Relationship
Sri Virender Kumar Agarwal Key Managing Director
Smt Seema Agarwal Management Joint Managing
Director
Sri Mayank Agarwal Personnel Executive Director
Sri Pujit Agarwal Non-Executive Director
Note 4 Significant Accounting Policies and Practices adopted by the
Company are disclosed in the statement annexed to these financial
statements as Annexure I.
Mar 31, 2013
Note 1 Earning Per Share
Disclosure for earning per share as required under "Accounting Standard
(AS-20) Earning Per Share" issued by the Institute of Chartered
Accountant of India.
Note 2 Defferred Tax
The company has accounted for deferred tax in accordance with the
Accounting Standard - 22 "Accounting for Taxes on Income" issued by the
Institute of Chartered Accountants of India.
Major components of Deferred tax assets and liabilities arising on
account of timing differences as on 31st March, 2013:
Note 3 Segment Reporting
The Company is engaged in the business of manufacturing of Yarn and all
other activities of the company revolve around the main business and
the Company operates in a single geography i.e. India. As per the
opinion of the management, disclosure of segment information as
prescribed in the Accounting Standard 17 (AS 17) "Segment Reporting"
issued by the Institute of Chartered Accountants of India is not
applicable.
Mar 31, 2012
Note 1 Contingent Liabilities : (Figures in Rs. Lakhs)
Contingent liabilities and
commitments As at As at
(to the extent not provided for) 31 March 2012 31 March 2011
(a) Dividend on Preference Shares 31.40 -
(b)Bank Guarantees 14.57 14.57
Total 45.97 14.57
Note 2 Deferred Tax :
The company has accounted for deferred tax in accordance with the
Accounting Standard "22 "Accounting for Taxes on Income" issued by
the Institute of Chartered Accountants of India. Major components of
Deferred tax assets and liabilities arising on account of timing
differences as on 31 March, 2012:
Note 3 Disclosures pursuant to Accounting Standard-15 "Employee
Benefit" :
The Company has provided for Gratuity based on actuarial valuation on
the basis of projected unit credit method. The following table
summarize the components of the net benefit recognized in the profit
and loss account and amounts recognized in the Balance Sheet.
Note 4 Segment Reporting :
The Company is engaged in the business of manufacturing of Yarn and all
other activities of the company revolve around the main business and
the Company operates in a single geography i.e. India. As per the
opinion of the management, disclosure of segment information as
prescribed in the Accounting Standard 17 (AS 17) "Segment
Reporting" issued by the Institute of Chartered Accountants of India
is not applicable
Note 5 Significant Accounting Policies and Practices adopted by the
Company are disclosed in the statement annexed to these financial
statements as Admixture I.
Mar 31, 2010
1 The Company has opted for exempted route under Excise rules w.e.f
31st July, 07. Accordingly, the CENVAT benefit not availed from the
said date.
2 Interest paid, payable and accrued and due to Micro and small
enterprises - Nil.
3 Details of Non convertible cumulative redeemable preference shares.
4 The Companys operations predominantly comprises of only one
reportable product segment i.e. Yarn as per Accounting Standard - 17
"Segment Reporting" issued by the Institute of Charterd Accountants of
India.
5 Disclose in respect of rekted parties pursuant to Accounting
Standard 18:
6 Paise have been rounded off to the nearest rupee.
7 Previous Years figures have been regrouped wherever necessary.
8 Additional information pursuant to provisions of Part IV of Schedule
VI of the Companies Act, 1956 is furnished in Annexure"A".
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