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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 521131ISIN: INE363D01018INDUSTRY: Textiles - Weaving

BSE   ` 23.48   Open: 23.48   Today's Range 23.48
23.48
+0.90 (+ 3.83 %) Prev Close: 22.58 52 Week Range 13.35
33.24
Year End :2015-03 
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.