Pan Electronics India Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

13.Provisions, Contingent Liabilities, Contingent Assets and Capital Commitments:

Disputed liabilities and claims against the company including claims raised by fiscal authorities (e.g. Sales
Tax, Income Tax Excise etc.) pending in appeal / court for which no reliable estimate can be made and
or involves uncertainty of the outcome of the amount of the obligation or which are remotely poised for
crystallization are not provided for in accounts but disclosed in notes to accounts.

However, present obligation as a result of past event with possibility of outflow of resources, when
reliable estimation can be made of the amount of obligation, is recognized in accounts in terms of
discounted value, if the time value of money is material using a current pre-tax rate that reflects the risk
specific to the liability.

No contingent asset is recognized but disclosed by way of notes to accounts.

14.Impairment of assets

Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable
amount/Value in use.

Recoverable amount is determined:

a. In the case of an individual asset, a higher of the net selling price and the value in use;

b. In the case of a cash generating unit (a group of assets that generates identified, independent
cash flows), at higher of the cash generating unit''s selling price and the value in use.

Value in use is determined as the present value of estimated future cash flows from the continuing use
of an asset and from its disposal at the end of its useful life.

15. Cash flow statement:

Cash flow statement has been prepared under the indirect method as set out in the Indian Accounting
Standard 7: "Statement of Cash Flows" as specified in Section 133 of the Companies Act, 2013 read with
Rule 7 of Companies (Accounts) Rules, 2014.

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Mar 31, 2024

13.Provisions, Contingent Liabilities, Contingent Assets and Capital Commitments:

Disputed liabilities and claims against the company including claims raised by fiscal
authorities (e.g. Sales Tax, Income Tax Excise etc.) pending in appeal / court for which no
reliable estimate can be made and or involves uncertainty of the outcome of the amount
of the obligation or which are remotely poised for crystallization are not provided for in
accounts but disclosed in notes to accounts.

However, present obligation as a result of past event with possibility of outflow of
resources, when reliable estimation can be made of the amount of obligation, is recognized
in accounts in terms of discounted value, if the time value of money is material using a
current pre-tax rate that reflects the risk specific to the liability.

No contingent asset is recognized but disclosed by way of notes to accounts.
14.Impairment of assets

Impairment loss is recognised when the carrying amount of an asset exceeds its
recoverable amount/Value in use.

Recoverable amount is determined:

a. In the case of an individual asset, a higher of the net selling price and the value in
use;

b. In the case of a cash generating unit (a group of assets that generates identified,
independent cash flows), at higher of the cash generating unit''s selling price and
the value in use.

Value in use is determined as the present value of estimated future cash flows from the
continuing use of an asset and from its disposal at the end of its useful life.

15. Cash flow statement:

Cash flow statement has been prepared under the indirect method as set out in the Indian
Accounting Standard 7: "Statement of Cash Flows" as specified in Section 133 of the
Companies Act, 2013 read with Rule 7 of Companies (Accounts) Rules, 2014.

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Mar 31, 2014

1. Share Capital

Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity is entitled to one vote per share. The Company declares and pays dividend in Indian rupees.

In the event of liquidation of the Company, the holders of equity shares would be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Earnings per share (EPS)

Basic earnings per share

The calculation of basic earnings per share is based on the profit of Rs. 10,67,26,661/- (previous year Loss of Rs. 37,83,093/-), attributable to equity shareholders and weighted average number of equity shares outstanding 40,00,000 (previous year 40,00,000) shares.

3. Disclosure for retirement benefits Defined contribution plans

The Company''s employee provident fund scheme is a defined contribution plan. A sum of Rs Nil/-(previous year Rs.Nil) has been recognized and shown under Employee benefits in note

Defined benefit plans - Gratuity

Gratuity is payable to all eligible employees of the Company on superannuation, death or permanent disablement, in terms of the provisions of the Payment of Gratuity Act, 1972.

The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

As at 31 March 2014, the Company has carried out tax computation in accordance with Accounting Standard 22 - Accounting for Taxes on Income notified under the Companies (Accounting Standards) Rules, 2006. Management is of the view that in the absence of virtual uncertainty realization of the deferred tax assets has been recognised only to the extent of deferred tax liability. The components of deferred tax assets (net) as at 31 March 2013 are as follows:

4. Related parties

Related party disclosures as required under Accounting Standard (AS) - 18 "Related Party Disclosures":

(1) Name of the related party and nature of relationship where control exists.

Subsidiary Company -

Venlon Metallising Private Limited, (upto 31st Dec 2013)

Venlon Metacoat Private Limited, (upto 31st Dec 2013)

(ii) Related parties and nature of related party relationship with whom transactions have taken place

Description of relationship Name of the party

Subsidiaries Venlon Metallising Private Limited Venlon Metacoat Private Limited

Entities over which KMP is able to exercise significant Control Venlon Metallic Industries

Key Management Personnel (KMP) Nanik G Rohera Nitesh Rohera

5. The Company is a Public Listed Company as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with Accounting Standards as applicable to Public Listed Company,

6. Previous year figures have been regrouped wherever necessary

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Mar 31, 2013

1. Corporate Information

Pan Electronics (India) Ltd (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two Stock Exchanges in India. The company is engaged in the manufacturing and selling of capacitor grade Metallised Plastic films and capacitor elements. The Company''s products are sold in the domestic & international markets.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (INDIAN GAAP). The company has prepared these financial statements in material respect with the accounting standard notified under the companies (accounting standards) rules 2006 (as amended) and the relevant provisions of the Companies Act 1956. The financial statements have been prepared on accrual basis and under the historical cost convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, expect for the change in accounting policy explained below.

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Mar 31, 2010

1. Claims against the Company not acknowledged as debts Rs 363.38 Lakhs towards Central Excise and sales tax. (Previous Year Rs 363.38 lacs)

2. Contingent liabilities:

(i) For bills discounted with Banks Rs. NIL (Previous year - NIL).

(ii) Corporate Guarantee given to Industrial Development Bank of India (IDBI guaranteeing due repayment of Non Convertible Debentures of Rs.770 lakhs (Previous year Rs.770 lakhs) by Venlon Metalising Private Limited.

iii) Guarantee of Rs.50 lakhs given to Canara Bank, Mysore securing due repayment of term loan obtained by Dev Power Corporation, Mysore.

3. Confirmation of certain balances appearing under secured loan, unsecured loans, loans & advances, sundry advances, sundry debtors/creditors are pending and necessary adjustments, if required, will be made as and when the accounts are reconciled and settled. In respect of dues to financial institutions, the Company has not provided penal interest and liquidated damages charged by financial institution pending negotiations, amount of which is not ascertainable.

4. Managerial Remuneration under Section 198 of the Companies Act, 1956 paid to Shri Nitesh Rohera, Managing Director Rs. NIL (Previous year NIL lakhs) Provident Fund Contribution by employer is Rs. NIL {Previous year Rs.NIL lakhs). Chairman has waived his remuneration for the year 2005-06.

5. Additional information pursuant to the provisions under Part III of Schedule VI of the Companies Act, 1956

6. Expenditure in foreign currency Rs. NIL (Previous year - NIL)

7. Earnings in foreign currency Rs.l.35 lakhs (Previous year Rs. 23.45 lakhs)

8. The names of the SSIs to whom the amount which is outstanding for more than 30 days as on 31st March 2010 are not available with the company

9. Loans and advances include:

Advance to wholly owned Subsidiary Company Venlon Metalising Pvt Ltd Rs. 9.25 Lakhs. (Previous year Rs. 10.58 lakhs)

Advance to wholly owned Subsidiary Company Venlon Metacoat Pvt Ltd Rs. 346.68 lakhs (Previous year Rs. 384.52 lakhs)

(a) VMI- Venlon Metallica Industries- a Firm in which the Directors are interested.

(b) VMPL- Venlon Metallisising Private Limited - which is a wholly owned subsidiary

(c) VMC- Venlon Metacoat Private Limited- which is a wholly owned subsidiary

10. Previous years figures have been regrouped / reclassified, wherever necessary.