Balaji Galvanising Industries Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. There are no micro, small and medium enterprises to whom the company owes dues which are outstanding for more than 45 days from the balance sheet date. The micro, small and medium enterprises have been identified on the basis of information available with the Company. This has . been relied upon by the Auditors.

2. Contingent Liabilities not provided for - Excise Duty Rs. 17.96 Lacs (p.y 17.96 lacs) and Sales Tax Rs Nil (p.y 7.66 lacs)

3. Legal & Professional charges include a sum of Rs. 8,988/- (p.y 16,545) paid to Auditors towards Consultation charges.

4. Deferred Taxation: The company has unabsorbed depreciation and carried forward losses available for set off under the Income Tax Act, 1961. However, in view of uncertainty regarding generation of sufficient future taxable income, net deferred tax assets have not been recognised in accounts on prudential basis.

5. The company is engaged in the manufacture of a single product i.e. S S Wire. Company''s business activities are confined only to India. Hence there are no reportable segments.

6. Related party Disclosures

Disclosures as required by the Accounting Standard 18 (AS-18) "Related party Disclosures" are given below:

i. Names of related parties and description of relationship:

a. Associates : 1. Balaji Wire Products 2. Bagaria Enterprises Pvt. Ltd. 3. R.K.Wire Products Ltd.

b. Key Management Personnel : a. Shri Shiv Bhagwan Bagaria -Chairman b. Shri Navneet Khemani c. Shri Sanjay Kumar Bagaria d. Shri Chetan Kumar Bagaria e. Shri Premotpal Guha

7. The company has carried out an impairment test as per Accounting Standard 28 issued by I.C.A.I. on all the assets and no provision was found to be required towards impairment of assets for the year ending 31.03.2014.

8. The company does not have any non cancellable leases. Office premises are taken on operating lease. Lease rent is accounted on accrual basis.

9. Balances under the head trade receivables, long term loans & advances, short term loans & advances, trade payables and other current liabilities are subject to confirmation from the respective parties.

10. Amounts, due and outstanding to be credited to Investor Education and Protection Fund as on 31st March, 2014 are Nil. (PY : NIL)

11. Previous year figures have been regrouped /recasted wherever deemed necessary to conform with current year''s classification.

12. Earnings/Outgoings in foreign currency:

Earnings : Rs. Nil (Previous year Nil) Outgo : Rs. Nil (Previous year Nil)

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Mar 31, 2013

1.1. Contingent Liabilities not provided for - Excise Duty Rs. 17.96 Lacs (p.y 17.96 lacs) and Sales Tax Rs 7.66 Lacs (p.y 7.66 lacs)

1.2 Legal & Professional charges include a sum of Rs. 16545/- (p.y Nil) paid to Auditors towards Tax Consultation charges.

1.3 Deferred Taxation : The company has unabsorbed depreciation and carried forward losses available for set off under the Income Tax Act, 1961. However, in view of uncertainty regarding generation of sufficient future taxable income, net deferred tax assets have not been recognised in accounts on prudential basis.

1.4 The company is engaged in the manufacture of a single product i.e. S S Wire. Company''s business activities are confined only to India. Hence there are no reportable segments.

1.5 Related party Disclosures

Disclosures as required by the Accounting Standard 18 (AS-18) "Related party Disclosures" are given below:

i. Names of related parties and description of relationship :

a. Associates : 1. Balaji Wire Products

2. Bagaria Enterprises Pvt. Ltd.

3. R.K.Wire Products Ltd.

b. Key Management : a. Shri Shiv Bhagwan Bagaria -Chairman Personnel b. Shri Navneet Khemani

c. Shri Sanjay Kumar Bagaria

d. Shri Chetan Kumar Bagaria

e. Shri PremotpalGuha

c. Relatives of Key Personnel: a. Ajay Kumar Bagaria HUF

1.6 The company has carried out an impairment test as per Accounting Standard 28 issued by I.C.A.I. on ail the assets and no provision was found to be required towards impairment of assets for the year ending 31.03.2013

1.7 The company does not have any non cancellable leases. Office premises are taken on operating lease. Lease rent is accounted on accrual basis.

1.8 Balances under the head trade receivables, long term loans & advances, short term loans & advances, trade payables and other current liabilities are subject to confirmation from the respective parties.

1.9 Amounts, due and outstanding to be credited to Investor Education and Protection Fund as on 31st March, 2013 are Nil. (PY : NIL)

1.10 Previous year figures have been regrouped /recasted wherever deemed necessary to conform with current year''s classification.

1.11 Earnings/Outgoings in foreign currency: Earnings : Rs. Nil (Previous year Nil) Outgo : Rs. Nil (Previous year Nil)

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Mar 31, 2012

1.1. Contingent Liabilities not provided for - Excise Duty Rs. 17.96 Lacs (P.Y. Nil) and Sales Tax Rs. 7.66 Lacs (P.Y. Nil)

For the year For the year ended ended 31.03.12 31.03.11

1.2 Auditors Remuneration

Statutory Audit Fees 33,090.00 33,090.00

Tax Audit Fee 11,030.00 11,030.00

1.3 Deferred Taxation: The Company has unabsorbed depreciation and carried forward losses available for set off under the Income Tax Act, 1961. However, in view of uncertainty regarding generation of sufficient future taxable income, net deferred tax assets have not been recognised in accounts on prudential basis.

1.4 The Company is engaged in the manufacture of a single product i.e. S S Wire. Company's business activities are confined only to India. Hence there are no reportable segments.

1.6 Related party Disclosures

Disclosures as required by the Accounting Standard 18 (AS-18) "Related Party Disclosures" are given below:

i. Names of related parties and description of relationship:

a. Associates 1. Balaji Wire Products

2. Bagaria Enterprises Pvt. Ltd.

3. R. K. Wire Products Ltd.

b. Key Management a. Shri Shiv Bhagwan Bagaria Personnel

b. Shri Navneet Khemani

c. Shri Sanjay Kumar Bagaria

d. Shri Chetan Kumar Bagaria

e. Shri Premotpal Guha

c. Relatives of Key Personnel a. Ajay Kumar Bagaria HUF

1.7 The Company has carried out an impairment test as per Accounting Standard 28 issued by I.C.A.I, on all the assets and no provision was found to be required towards impairment of assets for the year ending 31.03.12

1.8 The Company does not have any non cancelable leases. Office premises are taken on operating lease. Lease rent is accounted on accrual basis.

1.9 Balances under the head trade receivables, long term loans & advances, short term loans & advances, trade payables and other current liabilities are subject to confirmation from the respective parties.

1.10 Amounts due and outstanding to be credited to Investor Education and Protection Fund as on 31st March, 2012 are Nil. (PY : NIL)

1.11 Previous year figures have been regrouped/recasted wherever deemed necessary to conform with current year's classification.

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Mar 31, 2011

I. Contingent Liabilities not provided for -Rs. Nil (p.y Nil)

For the year For the year ended 31.03.11 ended 31.03.10

ii. Auditors Remuneration

Statutory Audit Fees 33,090=00 33,090=00

Tax Audit Fee 11,030=00 11,030=00

iii. Eaming/(Loss) per share in accordance with Accounting Standard 20(AS-20) issued by the Institute of Chartered Accountants of India.

Profit/Loss after Tax 24,98,397.23 35,90,779=51

No. of Equity Shares during the year 49,54,500 49,54,500

Earnings per Share (basic/diluted) 0.50 0.72

(Face value of each share is Rs.10/-)

iv. Deferred Taxation: The company has unabsorbed depreciation and carried forward losses available for set off under the Income Tax Act, 1961. However, in view of uncertainty regarding generation of sufficient future taxable income, net deferred tax Assets have not been recognised in accounts on prudential basis.

iii. Employees Benefits

Defined Contribution Plan

During the year ended 31st March, 2011 and 31st March, 2010, the company contributed the following amounts to defined contribution plan:

A. Gratuity

The Company adopted the revised accounting standard on employees benefits with effect from 1s! April, 2009. The following table set out the status of the gratuity plan as required under AS 15 (Revised):-

The principal assumptions used in determining gratuity obligations for the company's plans are shown below:

Assumptions %

iv. The company is engaged in the manufacture of a single product i.e Wire. Company's business activities are confined only to India. Hence there are no reportable segments.

v Related party Disclosures

Disclosures as required by the Accounting Standard 18 (AS-18) "Related party Disclosures" are given below.

vi. The company has carried out an impairment test as per Accounting Standard 28 issued by I.C.A.I, on all the assets and no provision was found to be required towards impairment of assets for the year ending 31.03.11.

vii. The company does not have any non cancelable leases. Office premises are taken on operating lease. Lease rent is accounted on accrual basis

viii The company has not received any intimation from 'suppliers' regarding their status under the micro, small and medium Enterprises Development Act, 2006 and hence disclosures, if any relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act, have not been given.

ix. Balances under the head Debtors, Loans & Advances, Trade Creditors and other liabilities are subject to confirmation from the respective parties.

x. Advances from customers include Rs.50,28,123.92 due to M/s Bagaria Enterprises Pvt. Ltd. .company under the same management.

xi. Amounts, due and outstanding to be credited to Investor Education and Protection Fund as on 31st March, 2011 are Nil. (PY: NIL)

xii. Previous year figures have been regrouped /recasted wherever deemed necessary to conform with current year's classification.

xiii. Additional information pursuant to the provisions of paragraph 3 & 4 of Part Ml of Schedule VI to the Companies Act, 1956 - Quantitative particulars: