| 1. Balance with schedule Bank include Rs.1,47,08,996 (P.Y.
Rs.1,61,18,604) representing margin money for letter of credit and bank
guarantees issued
2. The Companies Act 2013 mandates that companies transfer dividend
that has been unclaimed for period of seven years from unpaid dividend
account to Investor Education & Protection Fund (IEPF),. Accordingly if
dividend is unclaimed for a period of seven years, it will be
transferred to IEPF.
3. Deposits includes Rs.1,41,08,996 with original maturity of 12
months and more.
4. None of the items in raw material individually accounts for 10% or
more of the total value of material consumed. In the absence of
verifiable records the Auditors have relied upon the management's
representation to this behalf.
6. Contingent Liabilities:
Sr. Particulars 2014-15 2013-14
No. Rs. Rs.
1. Disputed Tax/Duty demands not 9,89,86,032 10,33,26,536
provided for
2. Bank guarantees given on behalf
of Company to third parties. 7,31,96,352 5,79,57,810
7. Employee Benefit:-
The Company provides benefits to its employees under the Leave
Encashment pay plan which is a non-contributory defined benefit plan.
The employees of the Company during the tenure of their employment are
entitled to receive leave encashment in excess of 60 days leave to the
credit of their account as on 1st January every year.
The benefit of Gratuity is funded defined benefit plan. For this
purpose the Company has obtained a qualifying insurance policy from LIC
of India, and the same is not funded by the Company.
8. Segment Reporting (Accounting Standard - AS 17):
The Company is engaged in business / operations of manufacture, sale
and servicing of professional electronic equipment. Though the Company
has a range of products, they all fall within the single segment of
electronic equipment. It is a considered view of the management that
the Company has no reportable segments envisaged in the Accounting
Standard (AS17) "Segment Reporting"issued by the Institute of Chartered
Accountants of India.
9. Related Party Disclosures (Accounting Standard AS 18):
List of Related Parties and Relationship
Subsidiary Company :
Sprylogic Technologies Ltd
Joint Venture:
Arabian Power Electronics Company (Joint Venture business in Saudi
Arabia)
Associates:
(enterprises where Aplab Limited and its subsidiaries have 20% holding
or, investing parties who have over 20% holding in Aplab Limited)
Zee Entertainment Enterprises Ltd (Formerly Zee Telefilms Ltd)
Key Management Personnel:
Mr. P.S. Deodhar Chairman & Managing Director
Mr. Nishith Deodhar Former Managing Director
Mrs. Amrita Deodhar Director
Mr. Rajesh Deherkar Company Secretary and Finance Controller
Relatives of Key Management Personnel:
Mrs. Aruna Narayanan
Enterprises over which key management personnel and their relatives are
able to exercise significant influence
Sr. Name of the Party
No.
1 Deodhar Electro Design Pvt Ltd
2 Intel Exports Corporation
3 Telemetric Equipments Pvt.Ltd.
4 Print Quick Private Limited
5 Origin Instrumentation Private Limited
6 Contech Soft-Tech Solution Pvt. Ltd
7 Telematra Systems Pvt. Ltd.
8 Mitramax Energy Pvt. Ltd.
10. Taxes on Income (Accounting Standard - AS 22):
(i) No provision is made for current tax in view of the business loss
during current year and unabsorbed business loss of previous year
(ii) Deferred Tax Liability / (Asset) at the year end comprises timing
difference on account of:
* Deferred tax asset on carried forward unabsorbed business loss has
been considered to the extent of deferred tax liability for the year.
Deferred tax asset on the balance of such carried forward losses has
not been recognized in the absence of virtual certainty of future
taxable income.
11. Previous year figures have been re-grouped and re-classified
wherever necessary
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