| (I) BACKGROUND
Kanchi Karpooram Limited ('the company') was incorporated on
31-01-1992. The Company is South India's first and largest producer of
a variety of Terpene and Paper chemicals. The Company manufacture
Camphor and allied products.
1. Contingent Liabilities not provided for as on 31-03-2015 - Rs. NIL
(PY. Rs. NIL)
2. Related Party Disclosures:-
Key Managerial Personnel (KMP)
A Shri. Suresh V Shah Managing Director
B Shri. Arun VShah Director
C Shri. Dipesh S.Jain Whole Time Director Director
PushpaSJain Director Other Related Parties
M/s Suresh Industries Firms in which directors have significant
influence
M/s Ambika Industries Firms in which directors have significant
influence
Jitendra Shah HUF Relative of Director
KavitaAJain Relative of Director
Lata A Shah Relative of Director
ShanthaVJain Relative of Director
Mukhesh Goal Relative of Director
3. Segment Reporting
The Company is engaged in Single business of Camphor and allied
products and in single geographical segment and hence "Segment
Reporting" is not applicable.
4. Employee Benefits
The following table sets forth the status of unvailed leave and
Gratuity plan of the Company and of the amounts recognised in the
Balance Sheet and statement of Profit and Loss
5. Amounts due and outstanding to be credited to the Investor
Education and Protection Fund as at 31.03.2015 is Rs NIL
6. The company has changed the method of providing depreciation from
1st April 2014 as required by the Companies Act, 2013. Accordingly
depreciation is provided in accordance with Schedule II thereof for the
current year as against the rates specified in Schedule XIV to the
Companies Act, 1956 adopted in the previous year. As a result,
depreciation for the current year is higher by Rs. 6.51 lakhs. Further,
in respect of assets whose remaining useful life is nil, their carrying
amounts as on 1st April 2014, aggregating to Rs.1,85,722/- is adjusted
against retained earnings as on 01/04/2014.
7. Previous year figures have been regrouped, wherever necessary and
rounded off to the nearest rupee.
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