| 1. CORPORATE INFORMATION
Bothra Metals & Alloys Ltd was incorporated in the year 2001. The
Company is into manufacturing of Aluminium Section and Ingots through
its manufacturing facility at Sangli and Kala-Amb. The Company is also
into trading of all type of Non-Ferrous Metals.
c) During last five years, 13,999,880 number of Equity Shares were
issued as fully paid bonus shares.
NATURE OF SECURITY AND TERMS OF REPAYMENT FOR LONG TERM BORROWINGS
NATURE OF SECURITY
TERMS OF REPAYMENT
I Term loan amounting to RS. 140.53 Lakhs (Previous year Rs. 220.85
Lakhs) is secured by first charge on plant and machinery funded by
term-loan, first charge on part of land at Sangli and personal guarantee
of directors and relatives of directors.
Loan to be repaid in 11 equal quarterly installments starting from May,
2014 and last installment due In November, 2016. Rate of interest is
13.00% per annum payable monthly.
Ii Car loan amounting to ` 3.57 Lakhs (Previous year ` 6.56 Lakhs) is
secured against car, from Volkswagen Finance Pvt. Ltd
Loan to be repaid in 48 equal monthly installments, starting from May,
2012 and last installment due in April, 2016. Rate of interest is 11.73%
per annum payable monthly.
Iii Car loan amounting to ` 1.76 Lakhs (Previous year ` 2.80 Lakhs) is
secured against car, from ICICI Bank.
Loan to be repaid in 60 equal monthly installments, starting from
October,2011 and last installment due in September, 2016.Rate of
interest is 11.26% per annum payable monthly.
Iv Unsecured Loan amounting ` Nil (Previous ye ar `16.19 Lakhs) was
taken from HDFC Bank.
Loan to be repaid in 24 equal monthly installments, starting from April,
2013 and last installment due in March, 2015. Rate of interest is 16.00%
per annum payable monthly.
V Unsecured Loan amounting ` 4.44 Lakhs (Previous year ` NIL) was raised
during the year from LIC of India.
Loan to be repaid at the end of tenure of 8 years. Rate of interest is
9.00% per annum
Cash credit, buyer's credit arrangement and letter of credit limit from
banks are secured against hypothecatior of trade receivables and
inventory of the company and also the collateral security of properties
of company and guaranteed by directors and their relatives with the
collateral security of personal properties of directors and relatives.
Interest income has been shown as deduction from interest paid for
loans in statement of profit and loss for proper presentation.
2. Contingent liabilities (to the extent not provided for):
Claims against the Company not acknowledged as debts: (Rs. In Lakhs)
S. Particulars As on As on
No. 31.03.2015 31.03.2014
1 Gujarat commercial tax which is being
contested by Company. - 9.46
2 Central Excise Duty, which is being
contested by the company 2.00 2.00
3. Disclosure pursuant to Accounting Standard - 15 "Employee Benefits"
a) The Company has made a provision for the employee benefits in
accordance with the Accounting Standard (AS) 15 "Employee Benefits".
Defined contribution plans:
b) Defined benefit plans:
The employee gratuity is a defined benefit plan. The present value of
the obligation is based on actuarialvaluation using projected unit
credit method
The estimates of future salary increase considered in actuarial
valuation take account of inflation, seniority, promotion and other
relevant factors such as supply and demand in the employment market.
4. Related parties with whom transactions done during the year :
Key management personnel & relatives
a) Sunderlal Bothra
b) Narendra Kumar Bothra
c) Kishanlal Bothra
d) Sardarmal C.Suthar
e) Ashok Surana
f) Nirmal Daga
g) Sanjay Deokar
h) Kavindra Kumar Chhajer
i) Sunderlal Bothra (HUF)
j) Manju S. Bothra
k) Krishna BandhuDeokar
l) Dimple K. Bothra
m) Madhu N. Bothra
n) Sayerdevi Bothra
o) Bothra Print & Pack
5. Segment information: The Company operates in one segment namely
aluminium based products.
6. C.I.F. Value of imports, expenditure and earnings in foreign
currency
7. Figures for the previous year have been regrouped / reclassified /
reinstated, wherever considered necessary.
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