1 Share Capital
b. Terms/rights attached to equity shares
The company has only one class of equity shares having par value of Rs.
10/- (Previous year Rs. 10/-) per share. Each holder of equity shares
is entitled to one vote per share.
The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure
2 Figures have been rounded off to nearest rupee.
2014-2015 2013-2014
in Rs. in Rs.
3 Contingent liabilities & Commitments 9441193/- 9441193/-
4 Provision for income-tax is based on the taxable profits of the
company in accordance with the Income - tax Act, 1961.
5 Estimated amounts of contracts remaining to be executed on capital
account and not provided for Rs. 39,73,849/ - (Previous year Rs.
2,57,07,867/-).
6 Contingent Liability on account duty saved due to import against
EPCG license is Rs. 94,41,193/- (Previous Year Rs. 94,41,193/-), which
has to be met by fulfilling an export obligation of Rs. 6,67,67,544/-
(Previous Year Rs. 6,67,67,544/-) in eight years.
7 Amount of borrowing cost capitalized as per "Accounting
Standard-16", during the year was Rs. NIL/- (Previous Year Rs. NIL)
8 There are no separate reportable segments as per Accounting Standard
17 as the entire operations of the Company relate to one segments, viz.
the Textile.
9 There is no lease transaction during the year as per "Accounting
Standard - 19".
10 As required by "Accounting Standard -20" the basic Earning Per Share
(EPS) is Rs. 0.43 arrived at by dividing the Profit After Tax (PAT) by
the total number of shares issued and subscribed as at the end of the
year.
11 Break up of expenditure incurred on employe's who were in receipt of
remuneration aggregating Rs. 6000000/ - or more for year or Rs.
500000/- or more, where employed for a part of the year. Nil (Previous
Year Rs. Nil).
12 Pursuant to the enactment of Companies Act 2013, the Company has
applied the estimated useful lives as specified in Schedule II.
Accordingly the unamortised carrying value is being depreciated over
the revised/remaining useful lives. The written down value of Fixed
Assets whose lives have expired as at 1st April 2014 have been adjusted
in the opening balance of Profit and Loss Account amounting of Rs.
755598/-
13 Disclosures in respect of related parties as defined in Accounting
Standard 18, with whom transactions have taken place during the year
are given below:-
a. Associate Companies Balhanuman Fabrics Pvt. Ltd
in which directors or their relatives Anunay Fab Ltd.
are interested
Gujarat Investa Ltd.
b. Directors and their relatives:
Purshottam Radheshyam Agarwal
Anjani R. Agarwal
Aman Purshottam Agarwal
14 Micro & Small Enterprises Dues
As per information given to us there were no amount overdue and
remaining outstanding to small scale and /or ancillary Industrial
suppliers on account of principal and /or interest as at the close of
the year. Based on the information available with company, there are no
dues outstanding to Micro and Small Enterprises as defined under Micro,
Small and Medium Enterprises Development Act, 2006 for more than 45
days as at March 31, 2015.
15 Previous year's figures have been regrouped/rearranged wherever
necessary so as to make them comparable with the figures of the current
year.
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