Hindustan Breweries & Bottling Ltd. के अकाउंट के लिये नोट

Mar 31, 2011

1. Contingent Liabilities not provided for in respect of:

Current Previous Year Year (Rs.) (Rs.)

(a) Claim from statutory bodies under aopoeal 4,60,000 32,62,440

(b) Claims against the company not acknowledged as debts 28,49,010 28,49,010

2. As per information available with the Company, none of the creditors has confirmed that they are registered under the Micro, Small and Medium Enterprises Development Act 2006.

3. 4. No provision has been made in the accounts in respect of the following liabilities as the company continues to account for the same as and when paid:-

(a) (a) Accrued liability towards gratuity amounting to Rs. 1,83,74,026/= (previous year Rs. 1,78,89,050/=) estimated on the basis of actuarial valuation.

(b) (b) Accrued liability towards leave encashment amounting to Rs. 45,55,960/=

(previous year Rs. 42,58,394/=).

4 The outstanding balances of secured loans, unsecured loans, sundry creditors, current liabilities, sundry debtors, loans and advances and certain bank balances are subject to confirmation, reconciliation and adjustments, which may affect revenue are as per books of accounts only. Differences, if any, shall be accounted for on such reconciliation.

5 In the opinion of the management, the current assets loan and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities have been adequately made in the accounts.

6 Factory Land, Building, Plant & Machinery and Electric fittings were revalued on 31-3-1999 by an approved valuer. As a result, the gross value of such assets had increased by Rs. 10,25,35,068/= which had been credited to revaluation reserve and same has been utilised to set off debit balance in Profit and Loss Account in the year March, 2002 on the basis of legal opinion obtained by the company.

7 The company's accounts for the year ended 31st March, 2011 have been prepared on the basis of a "going concern".

8 Profit and Loss account includes Rs.7,20,000/= ( Previous year Rs. 7,20,000/=) paid during the year to whole time director as remuneration.

9 The Company does not have Company Secretary as on the date of Balance Sheet as required by the section 383 A of the Company's Act 1956.

10 The company is a single segment company engaged in manufacture of Beer. Accordingly, the disclosure requirement as prescribed in The Accounting Standard (AS)-17 on Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

11. In the absence of registration and complete information in respect of status of each credotors, the company is not in a position to identify the amount payable to Micro, Small and Ancillary Enterprises.

12 The figures of previous year have been regrouped and recasted wherever necessary to make them comparable with current year figures

Previous year's figures have been rearranged and/or regrouped wherever considered necessary. As per our report of even date annexed

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Mar 31, 2010

1. Contingent Liabilities not provided for in respect of:

Current Previous Year Year (Rs.) (Rs.)

(a) Claims against the company not acknowledged as debts 28,49,010 28,49,010

(b) Uncalled liability on partly paid shares 50,000 50,000

2. As per information available with the Company, none of the creditors has confirmed that they are registered under the Micro, Small and Medium Enterprises Development Act 2006.

3. No provision has been made in the accounts in respect of the following liabilities as the company continues to account for the same as and when paid:-

(a) Accrued liability towards gratuity amounting to Rs.1,78,89,050/=(previous year Rs. 1,25,58,7041=) estimated on the basis of actuarial valuation.

(b) Accrued liability towards leave encashment amounting to Rs. 42,58,394/=

(previous year Rs. 38,84,966/=).

4 The outstanding balances of secured loans, unsecured loans, sundry creditors, current liabilities, sundry debtors, loans and advances and certain bank balances are subject to confirmation, reconciliation and adjustments,which may affect revenue are as per books of accounts only. Differences, if any, shall be accounted for on such reconciliation.

5 In the opinion of the management no provision is necessary in respect of overdue and doubtful debts of Rs.64,70,869/= (previous year Rs. 64,70,869/=) in view of vigorous efforts being made by it for recovery of the same.

6 No Provision is necessary in respect of overdue debts of Rs.37,42,712 /=(previous year Rs. 37,42,712 /=) as the company has filed legal and civil case on party the details as follows

7. In the opinion of the management, subject to note no.6 & 7 above, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realised in the ordinary course of business and provision for all known liabilities have been adequately made in the accounts.

8 The company has filed suits for recovery against certain debtors and suppliers who have also filed counter claims. The company has not accounted for these claims and counter clams (amount unascertained) in view of the policy of the company to account for the same on cash basis.

9 Factory Land, Building, Plant & Machinery and Electric fittings were revalued on 31-3-1999 by an approved valuer. As a result, the gross value of such assets had increased by Rs. 10,25,35,068/= which had been credited to revaluation reserve and same has been utilised to set off debit balance in Profit and Loss Account in the year March, 2002 on the basis of legal opinion obtained by the company.

10 The company''s accounts for the year ended 31st March, 2009 have been prepared on the basis of a "going concern".

11 Profit and Loss account includes Rs. 7,20,000/= ( Previous year Rs. 7,20,000/=) paid during the year to whole time director as remuneration.

12 The Company does not have Company Secretary as on the date of Balance Sheet as required by the section 383 A of the Company''s Act 1956.

13. Deferred Tax

In accordance with Accounting Standard 22, "Accounting for taxes on Income" issued by The Institute of Chartered Accountants of India, the company has accounted for deferred tax liabilities of Rs.3,79,36,463/=. The company has deferred tax assets of Rs. 6,18,08,480/= by way of carried forward losses and unabsorbed depreciation under the Income Tax Act, 1961, out of which, as a matter of prudence, deferred tax assets only to the extent of the amount of deferred tax liabilities, as above, have been recognised. Accordingly, there is no impact of the same in these accounts. The details of deferred Tax assets / liabilities are as under -

14. The company is a single segment company engaged in manufacture of Beer. Accordingly, the disclosure requirement as prescribed in The Accounting Standard (AS)-17 on Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

15. The Company has received an approval on 6th July,2003 from Central Government for appointment of Shri Rajendra Agarwal as Managing Director with effect from 26th July,2002 sanctioning an amount of Rs.75,000/= per month as against Rs. 90,000/= passed in Annual General Meeting and order also stipulates the payment of perquisites subject to consent from Bank of Baroda and the as the company has made full payment to bank of baroda now the consent is not required from bank of baroda and accordingly the company will make payment from 2009-2010

16. The Company has received letter from Bank of Baroda dated 31.07.2008 for raised the claim in respected of interest of the period 01.04.2005 to 30.06.2008 amounting to Rs. 1,68,61,040/- (up to March Rs.1,61,71,521/-) as the company is in BIFR and account is NPA hence the company has disputed the claim but the bank has refused to waive interest consequent to that the company has made payment of full outstanding dues along with interest and accordingly the interest has been debited to profit and loss account amounting to Rs.1,82,79,000/ =and obtained no dues certificate from Bank of Baroda.

Previous year''s figures have been rearranged and/or regrouped wherever considered necessary.

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Mar 31, 2009

1. Contingent Liabilities not provided for in respect of: Current Previous

Year Year (Rs.) (Rs.)

(a) Claims against the company not acknowledged as debts 28,49,010 28,49,010

(b) Uncalled liability on partly paid shares 50,000 50,000

2. As per information available with the Company, none of the creditors has confirmed that they are registered under the Micro, Small and Medium Enterprises Development Act 2006.

3. No provision has been made in the accounts in respect of the following liabilities as the company continues to account for the same as and when paid:-

(a) Accrued liability towards gratuity amounting to Rs.1,25,58,704/= (previous year Rs.1,31,17,470/=) estimated on the basis of actuarial valuation.

(b) Accrued liability towards leave encashment amounting to Rs. 38,84,966/= (previous year Rs.36,34,705/=). ,

4. The outstanding balances of secured loans, unsecured loans, sundry creditors, current liabilities, sundry debtors, loans and advances and certain bank balances are subject to confirmation and reconciliation. Differences, if any, shall be accounted for on such reconciliation.

5 In the opinion of the management no provision is necessary in respect of overdue and doubtful debts of Rs.64,70,869/= (previous year Rs. 64,70,869/=) in view of vigorous efforts being made by it for recovery of the same.

6 No Provision is necessary in respect of overdue debts of Rs.37,42,712 /=(previous year Rs. 37,72,712/=) as the company has filed legal and civil case on party the details as follows

7. In the opinion of the management, subject to note no.6 & 7 above, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realised in the ordinary course of business and provision for all known liabilities have been adequately made in the accounts.

8 The company has filed suits for recovery against certain debtors and suppliers who have also filed counter claims. The company has not accounted for these claims and counter clams (amount unascertained) in view of the policy of the company to account for the same on cash basis.

9 Factory Land, Building, Plant & Machinery and Electric fittings were revalued on 31-3-1999 by an approved valuer. As a result, the gross value of such assets had increased by Rs. 10,25,35,068/= which had been credited to revaluation reserve and same has been utilised to set off debit balance in Profit and Loss Account in the year March, 2002 on the basis of legal opinion obtained by the company.

10 The company''s accounts for the year ended 31st March, 2009 have been prepared on the basis of a "going concern''1.

11 Profit and Loss account includes Rs. 7,20,000/= ( Previous year Rs. 7,20,000/=) paid during the year to whole time director as remuneration.

12 The Company does not have Company Secretary as on the date of Balance Sheet as required by the section 383 A of the Company''s Act 1956.

13. Deferred Tax

In accordance with Accounting Standard 22, "Accounting for taxes on Income" issued by The Institute of Chartered Accountants of India, the company has accounted for deferred tax liabilities of Rs.3,79,36,463/=. The company has deferred tax assets of Rs. 6,18,08,480/= by way of carried forward losses and unabsorbed depreciation under the Income Tax Act, 1961, out of which, as a matter of prudence, deferred tax assets only to the extent of the amount of deferred tax liabilities, as above, have been recognised. Accordingly, there is no impact of the same in these accounts. The details of deferred Tax assets / liabilities are as under -

14. The company is a single segment company engaged in manufacture of Beer. Accordingly, the disclosure requirement as prescribed in The Accounting Standard (AS)-17 on Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

15. The Company has received an approval on 6th July,2003 from Central Government for appointment of Shri Rajendra Agarwal as Managing Director with effect from 26th July,2002 sanctioning an amount of Rs.75,000/= per month as against Rs. 90,000/= passed in Annual General Meeting and order also stipulates the payment of perquisites subject to consent from Bank of Baroda and the as the company has made full payment to bank of baroda now the consent is not required from bank of baroda and accordingly the company will make payment.

16. The Company has received letter from Bank of Baroda dated 31.07.2008 for raised the claim in respected of interest of the period 01.04.2005 to 30.06.2008 amounting to Rs.1,68,61,040/- (up to March Rs.1,61,71,521/-) as the company is in BIFR and account is NPA hence the company has disputed the claim but the bank has refused to waive interest consequent to that the company has made payment of full outstanding dues along with interest and accordingly the interest has been debited to profit and loss account amounting to Rs.1,82,79,000/ =and obtained no dues certificate from Bank of Baroda.

Previous year''s figures have been rearranged and/or regrouped wherever considered necessary.