Mar 31, 2015
Note : 1
NATURE OF SECURITY
Term loan amounting to Rs.32,97,253/- (March 31.03.2014 Rs.78,36,517/-)
is secured by Exclusive and specific charge on the assets acquired
under the loan for Land & Factory Shed, Plant & Machinery.
Note : 2
TERMS OF REPAYMENT
Repayable in 77 months Installments commencing from April,2010. Last
Installment due in September,2016. Rate of Interest 13.25% p.a. at year
end.
NOTE : 3
AS Per AS- 18 Related Party Disclosures:
List of related parties with whom transactions have taken place during
the year
STATUS NAME OF THE RELATED PARTY
Holding Company: P & J Cretechem Pvt. Ltd.
Entities having Common
Control (Others): Taurus Chemicals Pvt.Ltd.
Key Managerial Personnel Prakash Chand Jain
Rajesh Pokerna
Sunil Kumar Jain
Sanjay kumar Jain
Relatives Of Key
Managerial Person Alka Devi Jain
Note 4.
Contingent liabilities provided for Rs. Nil. (Previous Year: Rs.
Nil).
Note 5
Retirement Benefit - Gratuity
The company has an unfunded defined contribution gratuity plan. Every
employee who has completed 5 years or more of service is eligible for a
gratuity on departure at 15 days salary (last drawn salary) per each
completed year of service.
Consequent to the adoption of revised AS- 15 Employee Benefits issued
under Companies (Accounting Standards) Amendment Rules 2008, the
following disclosures have been made as required by the standard.
The following tables summaries the component of the net employee
benefit expenses reconginsed in the profit and loss account, and the
fund status and amount recognised in the balance sheet for the gratuity
benefit plan.
Note 6.
The Company has also made provision for Liability related to their
employees who are not covered under the above scheme. The balance of
this Non-Funded Liability as on 31.03.2015 is Rs.9,05,865/- (Previous
year Rs.9,05,865/-).
Note 7.
The Company''s significant leasing arrangements are in respect of
operating lease for premises (Residential for Directors & Employees,
Guest House, Offices etc). The leasing arrangements, which are not
non-cancelable, range between 11 months and 3 years generally or longer
and are usually renewable by mutual consent between the parties. The
amount of lease rent paid is debited to Rent Account.
Note 8.
The Company has not received the required information from suppliers
regarding their status under the Micro, Small and Medium Enterprise
Development Act, 2006. Hence, disclosures if any, relating to amounts
unpaid as at the year-end together with interest paid/payable as
required under the said Act have not been made.
Note 9.
Previous Year''s figures have been regrouped/ reclassified wherever
necessary to correspond with current year''s classification /
disclosure.
The figures have been rounded off to nearest rupee.
Mar 31, 2014
1.1 Each holder of equity shares is entitled to one vote per share
2 Contingent liabilities provided for Rs. Nil. (Previous Year: Rs.
Nil).
3 Retirement Benefit - Gratuity
The company has an unfunded defined contribution gratuity plan. Every
employee who has completed 5 years or more of service is eligible for a
gratuity on departure at 15 days salary (last drawn salary) per each
completed year of service.
Consequent to the adoption of revised AS- 15 Employee Benefits issued
under Companies (Accounting Standards) Amendment Rules 2008, the
following disclosures have been made as required by the standard.
The following tables summaries the component of the net employee
benefit expenses reconginsed in the profit and loss account, and the
fund status and amount recognised in the balance sheet for the gratuity
benefit plan.
3.1 The Company has also made provision for Liability related to their
employees who are not covered under the above scheme. The balance of
this Non-Funded Liability as on 31.03.2014 is Rs.905865/- (Previous
year Rs.905865/-).
4 The Company''s significant leasing arrangements are in respect of
operating lease for premises
(Residential for Directors & Employees, Guest House, Offices etc). The
leasing arrangements, which are not non-cancelable, range between 11
months and 3 years generally or longer and are usually renewable by
mutual consent between the parties. The amount of lease rent paid is
debited to Rent Account.
5 Additional Information pursuant to provision of paragraph 3(ii)(d),
4C & 40 of part 11 of Schedule VI of the Companies Act, 1956.
(a) Licensed & Installed Capacity:
1. Total installed capacity in powder form is 1500 MT. per annum of
Unit-I.
2. Total installed capacity of IBAP Plant is 2400 MT. per annum of
Unit-II.
IBAP Plant is engaged and doing the conversion job of various parties
only and the said plant does not have its own Manufacturing product.
6 The Company has not received the required information from suppliers
regarding their status under the Micro, Small and Medium Enterprise
Development Act, 2006. Hence, disclosures if any, relating to amounts
unpaid as at the year-end together with interest paid/payable as
required under the said Act have not been made.
7 Previous Year''s figures have been regrouped/ reclassified wherever
necessary to correspond with current year''s classification /
disclosure.
The figures have been rounded off to nearest rupee.
Mar 31, 2013
1.1 The Companyhas not issued any securities convertible into equity /
preference shares.
1.2 During any of the Iast years from year ended 31st March 2013
ESSf without Pament being received 1 No shares were allotted as fully
paid up by way of bonus shares No shares were bought back.
1.3 Each holder of equity shares is entitled to one vote per share
Nature of Security and terms of repayment for long term of Repayment
Nature of Security
NATURE OF SECURITY
Term loan amounting to Rs. 15913985/- (March 31.03.20.13 Rs.
15918965/-) is secured by Exdustv and specific charge on the assets
acquired under the loan for Land & Factory Shed. Plants Machinery.
TERMS OF REPAYMENT
Repayable in 77 months Installments commencing from April.2010. Last
Installment due in September,20l6. Rate of Interest 13.25% p.a. at year
end. 41 months installments are stiflundue.
2. Contingent liabilities provided for Rs. Nil (previous year :
Rs.Nil)
3. DEFERRED TAX LIABILITIES:
i) Deferred TaxAssets and Liabilities have been considered in
accordance with AS-22, issued by the ICAI.
4. Retirement Benefit - Gratuity
The company has an unfunded defined contribution gratuity plan. Every
employee who has completed 5 years or more of service is eligible for a
gratuity on departure at 15 days salary (last drawn salary) per each
completed year of service.
Consequent to the adoption of revised AS-15 Employee Benefits issued
under Companies (Accounting Standards) Amendment Rules 2008, the
following disclosures have been made as required by-the standard.
The following tables summaries the components of the net employee
benefit expenses reconginsed in the profit and loss account, and the
fund status and amount recognised in the balance sheet for the gratuity
benefit plan.
Note:-
The Company also has made a provision for Liability of related to their
employee who are not covered under the above scheme. The balance of
this Non-Funded Liability as on 31.03.2013 is Rs.905865/- (Previous
year Rs.905 865/-).
5. The Company''s significant leasing arrangements are in respect of
operating lease for premises (Residential for Directors & Employees,
Guest House, Offices etc). These teasing arrangements, which are not
non-cancelable, range between 11 months and 3 years generally or longer
and are usually renewable by mutual consent between the parties. The
amount of lease rent paid is debited to Rent Account, and is disclosed
in Schedule -18.
6. Related Party Disclosures:
List of related parties with whom transactions have taken place during
the year:
1. Holding Company:
a) P & J Cretechem Pvt. Ltd.
2. Entities having Common Con troJ (Others); a) Taurus ChemicaJs Pvt
Ltd.
3. Key Managerlal PersonnaI
a) Prakash Chand JaJn
b) Rajesh Pokerna
C) Sunil Kumar Jain dj Sanajy Kumar Jain
4. Relatives
a) Afka Jain
b) Kiran Devi Jain
c) Manju Devi Jain
d) Raj Kumar Jain
e) Rama Devi Jain
7, Additional Infornnation pursuant to provision of paragraph
3(ii)d), 4C & 40 of part 11 of Schedule VI of the Companies Act, 1956.
(a) Licensed & Installed Capacity:
1, Total Installed capacity in powder form Is 1500 MT, per annum of
Unit-I, ,
2 Total installed capacity of I BAP Plant is 2400 MT per annum of
Unit-II.
8. IBAP Plant is engaged and doing the conversion job of various
parties only and the said plant does not have its own Manufacturing
product.
AA. The Company not received the required information from suppliers
regarding their status under the Micro. Small and Medium Enterprise
Develop men (Act, 2006. Hence, disclosures if any, relating to amounts
unpaid as at the year-end together with interest paid/payable as
required under the said Act have not been made,
9. The figures have been rounded off to nearest rupee.
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