Associated Marmo & Granites Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. Contingent Liabilities not provided for in the respect of:

(a) On account of non-receipt of VAT 15, H Form &C Forms for the years pending assessment (Amount not confirmed).

2. (a) Factory Building, Building other than Factory, Plant & Machinery, Electric Installation and Vehicles have been revalued as on 30th April, 1992 by the approved valuer appointed for the purpose. As per their valuation report, based on current replacement cost of such assets taking into account the present use thereof, there has been a net increase in the gross value of the assets over original cost by Rs. 439.45 Lacs (Factory Building Rs. 29.06 Lacs, other Building Rs. 9.66 Lacs, Plant & Machinery 361.08 Lacs, Electric Installation Rs. 35.25 Lacs and Vehicles Rs. 4.40 Lacs) which have been added to fixed assets and credited to Revaluation Reserve Account. Out of these for the machineries sold during the year the revaluation reserve and the revalued cost thereof have been adjusted accordingly.

(b)The current year''s depreciation includes an additional charge of Rs. 1.15 Lacs (Previous year Rs. 1.56 Lacs) representing difference between the depreciation calculated on Revalued Gross Value and the original cost of the rates prescribed in Schedule XIV of the Companies Act, 1956. The Company has transferred said additional charge of depreciation on Revalued Assets from the Revaluation Reserve to the Profit & Loss Account.

3. The Company has made investment of Rs. 1,30,00,000/- in equity shares Stone & Mineral Associates Ltd., subsidiary of the Company.

4. Sundry creditors amount due to small scale industrial undertaking is nil.

5. Term Loans for Rs.7.50 Lacs and 13.00 Lacs and cash credit limit for Rs.90 Lacs from the State Bank of Bikaner and Jaipur. secured by first charge over the Plant & Machinery and all other movable properties existing and to be bought from time to time within the factory premises and by way of hypothecation of all present and future stocks and further secured by way of Personal Guarantee by Shri Nishant Bagla, Managing Director and Smt. Meghana Bagla. Car finance for Rs.34.00 Lacs has been taken from BMW India Financial Services Pvt. Ltd.

6. Balances appearing under the head Creditors / Debtors, Advances & Deposits are subject to confirmation.

7 As per AS 15 (Revised) on Employee Benefits, an actuarial report was obtained for valuation of Leave Encashment Benefits and Gratuity Benefits for employees. As per the valuation report the liability for leave encashment is Rs.33,383/- and liability for gratuity is Rs.3,61,615/-. However, provision for leave encashment stated in Balance Sheet is at Rs.39,098/- and provision for gratuity stated at Rs.4,73,686/-. Thus liabilities are overstated by Rs. 1,17,786/-. In Profit and Loss account provision for Leave Encashment is Rs.26,627/- and Provision for Gratuity is made at Rs.53,062/-. As per AS 15 following expenses were to be recognised.

8 No provisions has been made for Income Tax in the Books of Accounts for the Year as there is no any Taxable Income under the Provisions of the Income Tax Act, 1961.

9 Figures of previous year have been regrouped and rearranged wherever considered necessary.

10 Figures have been rounded off to the nearest Rupee.

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Mar 31, 2013

1. Contingent Liabilities not provided for in the respect of:

(a) On account of non-receipt of VAT 15, H Form & C Forms for the years pending assessment (Amount not confirmed).

2. (a) Factory Building, Building other than Factory, Plant & Machinery, Electric Installation and Vehicles have been revalued as on 30th April, 1992 by the approved valuer appointed for the purpose. As per their valuation report, based on current replacement cost of such assets taking into account the present use thereof, there has been a net increase in the gross value of the assets over original cost by Rs. 439.45 Lacs (Factory Building Rs. 29.06 Lacs, other Building Rs. 9.66 Lacs, Plant & Machinery 361.08 Lacs, Electric Installation Rs. 35.25 Lacs and Vehicles Rs. 4.40 Lacs) which have been added to fixed assets and credited to Revaluation Reserve Account. Out of these for the machineries sold during the year the revaluation reserve and the revalued cost thereof have been adjusted accordingly.

(b)The current year''s depreciation includes an additional charge of Rs. 1.56 Lacs (Previous year Rs. 1.05 Lacs) representing difference between the depreciation calculated on Revalued Gross Value and the original cost of the rates prescribed in Schedule XIV of the Companies Act, 1956. The Company has transferred said additional charge of depreciation on Revalued Assets from the Revaluation Reserve to the Profit & Loss Account.

3. The Company has made investment of Rs. 1,30,00,000/- in equity shares Stone & Mineral Associates Ltd., subsidiary of the Company.

4. Sundry creditors amount due to small scale industrial undertaking is nil.

5. Term Loans for Rs.7.50 Lacs and 13.00 Lacs and O.D. limit for Rs.40 Lacs enhanced to cash credit limit for Rs.90 Lacs from the State Bank of Bikaner and Jaipur, secured by first charge over the Plant & Machinery and all other movable properties existing and to be bought from time to time within the factory premises and by way of hypothecation of all present and future stocks and further secured by way of Personal Guarantee by Shri Nishant Bagla, Managing Director and Smt. Meghana Bagla. Car finance for Rs.34.00 Lacs from BMW India Financial Services Pvt. Ltd. was availed during the year.

6. Balances appearing under the head Creditors / Debtors, Advances & Deposits are subject to confirmation.

7 As per AS 15 (Revised) on Employee Benefits, an actuarial report was obtained for valuation of Leave Encashment Benefits and Gratuity Benefits for employees. As per the valuation report the liability for leave encashment is Rs.55,397/- and liability for gratuity is Rs.4,26,009/-. However, provision for leave encashment stated in Balance Sheet is at Rs.56,529/- and provision for gratuity stated at Rs.5,25,912/-. Thus liabilities are overstated by Rs. 1,01,035/-. In Profit and Loss account provision for Leave Encashment is Rs.5,456/- and Provision for Gratuity is made at Rs.22,723/-. As per AS 15 following expenses were to be recognised.

8 No provisions has been made for Income Tax in the Books of Accounts for the Year as there is no any Taxable Income under the Provisions of the Income Tax Act, 1961.

9. Information pursuant to the provisions of paragraph 3, 4C and 4D of Part II of Schedule VI of the Companies Act, 1956.

10 Figures of previous year have been regrouped and rearranged wherever considered necessary.

11 Figures have been rounded off to the nearest Rupee. Signature to Notes 1 to 25 as per our Report of even date

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Mar 31, 2010

1. Contingent Liabilities not provided for in the respect of:

(a) On account of non-receipt of VAT 15, H Form & C Forms for the years pending assessment (Amount not confirmed).

2. (a) Factory Building, Building other than Factory, Plant & Machinery, Electric Installation and Vehicles have been revalued as on 30th April, 1992 by the approved valuer appointed for the purpose. As per their valuation report, based on current replacement cost of such assets taking into account the present use thereof, there has been a net increase in the gross value of the assets over original cost by Rs. 439.45 Lacs (Factory Building Rs. 29.06 Lacs, other Building Rs. 9.66 Lacs, Plant & Machinery 361.08 Lacs, Electric Installation Rs. 35.25 Lacs and Vehicles Rs. 4.40 Lacs) which have been added to fixed assets and credited to Revaluation Reserve Account. Out of these for the machineries sold during the year the revaluation reserve and the revalued cost thereof have been adjusted accordingly.

(b)The current years depreciation includes an additional charge of Rs. 8.06 Lacs (Previous year Rs. 8.08 Lacs) representing difference between the depreciation calculated on Revalued Gross Value and the original cost of the rates prescribed in Schedule XIV of the Companies Act, 1956. The Company has transferred said additional charge of depreciation on Revalued Assets from the Revaluation Reserve to the Profit & Loss Account.

3. The Company has made investment of Rs. 1.30,00,000/- in equity shares Stone & Mineral Associates Ltd., subsidiary of the Company.

4. (a) Sundry creditors includes amount due to small scale industrial undertaking.

(b)The parties being small scale / ancillary industrial undertakings to whom amount exceeding Rs. 1 Lac are outstanding for more than 30 days is Korgavker Engineering Pvt. Ltd.

5. Overdraft for Rs.40 Lacs and Term Loans for Rs.7.00 Lacs and Rs.7.50 Lacs and Rs.13.00 Lacs from the State Bank of Bikaner and Jaipur secured by first charge over the Plant & Machinery and all other movable properties existing and to be bought from time to time within the factory premises and by way of hypothecation of all present and future stocks and further secured by way of Personal Guarantee by Shri D.K. Bagla, Managing Director and Shri Nishant Bagla.

6. Balances appearing under the head Creditors / Debtors, Advances & Deposits are subject to confirmation.

7 As per AS 15 (Revised) on Employee Benefits, an actuarial report was obtained for valuation of Leave Encashment Benefits and Gratuity Benefits for employees. As per the valuation report the liability for leave encashment is Rs.42,294/- and liability for gratuity is Rs.3,94,682/-. However, provision for leave encashment stated in Balance Sheet is at Rs.53,591/- and provision for gratuity stated at Rs.4,95,793/-. Thus liabilities are overstated by Rs. 1,12,408/-. In Profit and Loss account provision for Leave Encashment is Rs. 18,894/- and Provision for Gratuity is made at Rs.27,949/-. As per AS 15 following expenses were to be recognised.

8 (A) In accordance with Accounting Standard 22 "Accounting for Taxes on Income" the deferred tax expenses for the year amounting to Rs. 15.91 Lacs has been recognised in the Profit and Loss Account.

9 Related party disclosure in accordance with the Accounting Standard issued by the Institute of Chartered Accountants of India.

10 Figures of previous year have been regrouped and rearranged wherever considered necessary.

11 Figures have been rounded off to the nearest Rupee.

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Mar 31, 2009

1. Contingent Liabilities not provided for in the respect of:

(a) On account of non-receipt of VAT 15, H Form & C Forms for the years pending assessment (Amount not confirmed).

2. (a) Factory Building, Building other than Factory, Plant & Machinery, Electric Installation and Vehicles have been revalued as on 30th April, 1992 by the approved valuer appointed for the purpose. As per their valuation report, based on current replacement cost of such assets taking into account the present use thereof, there has been a net increase in the gross value of the assets over original cost by Rs. 439.45 Lacs (Factory Building Rs. 29.06 Lacs, other Building Rs. 9.66 Lacs, Plant & Machinery 361.08 Lacs, Electric Installation Rs. 35.25 Lacs and Vehicles Rs. 4.40 Lacs) which have been added to fixed assets and credited to Revaluation Reserve Account. Out of these for the machineries sold during the year the revaluation reserve and the revalued cost thereof have been adjusted accordingly.

(b)The current years depreciation includes an additional charge of Rs. 8.08 Lacs (Previous year Rs. 8.08 Lacs) representing difference between the depreciation calculated on Revalued Gross Value and the original cost of the rates prescribed in Schedule XIV of the Companies Act, 1956. The Company has transferred said additional charge of depreciation on Revalued Assets from the Revaluation Reserve to the Profit & Loss Account

3. The Company has made investment of Rs. 1,30,00,000/- in equity shares Stone & Mineral Associates Ltd., subsidiary of the Company.

4. (a) Sundry creditors includes amount due to small scale industrial undertaking.

(b)The parties being small scale / ancillary industrial undertakings to whom amount exceeding Rs. 1 Lac are outstanding for more than 30 clays is Korgavker Engineering Pvt. Ltd. and Spcedcut Diamond Tools Pvt. Ltd.

5. Overdraft for Rs.40 Lacs (Previous Cash Credit Limit Rs. 17 Lacs), and Term Loan for Rs.7.00 Lacs and Rs.7.50 Lacs from the State Bank of Bikaner and Jaipur secured by first charge over the Plant & Machinery and all other movable properties existing and to be bought from time to time within the factory premises and by way of hypothecation of all present and future stocks and further secured by way of Personal Guarantee by Shri O.K. Bash, Managing Director and Shri Nishant Bagla.

6. Balances appearing under the head Creditors / Debtors, Advances & Deposits are subject to .-confirmation.

7 As per AS 15 (Revised) on Employee Benefits, an actuarial report was obtained for valuation of Leave Encashment Benefits and Gratuity Benefits for employees. As per the valuation report the liability for leave encashment is Rs.54,0667- and liability for gratuity is Rs.3,65,153/-. However, provision for leave encashment stated in Balance Sheet is at Rs.69,907/- and provision for gratuity stated at Rs.4,67,844/-. Thus liabilities are overstated by Rs. 1,18.532/-. In Profit and Loss account provision for Leave Encashment is Rs.!6,993/- and Provision for Gratuity is made at Rs.27.512/-. As per AS 15 following expenses were to be recognised.

8 Related party disclosure in accordance with the Accounting Standard 18 issued by the Institute of Chartered Accountants of India.

9 No provisions has been made for Income Tax in the Books of Accounts for the Year as there is no any Taxable Income under the Provisions of the Income Tax Act, 1961. Yet provision for Fringe Benefit Tax has been made.

10. Information pursuant to the provisions of paragraph 3,4C and 4D of Part II of Schedule VI of the Companies Act, 1956.

11 Figures of previous year have been regrouped and rearranged wherever considered necessary.

12 Figures have been rounded off to the nearest Rupee. Signature to Schedules 1 to 1 5 as per our Report of even date