PB Global Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1. BACKGROUND:

1 The company is a public limited company and is engaged in the business of buying/ selling and trading of industrial chemicals and salt and acting as agents for chemical business. The Company is also engaged in the business of providing warehousing services.

2.1 The Company has neither received any intimation from its vendors regarding their "statu under the Macro, Small and Medium Enterprises Development Act, 2006 nor there has been any claim made for interest by the said enterprises, if any and hence the disclosure, under the said Act has not been made.

2.2 One of the Shareholders of the Company had filed a petition in the High Court of Kolkata making Company as of the defendants inter-alia praying for resi_ vining the Company from transferring the shares of the Company disposing its immovable property at Thane, Mumbai, in response to which the Hon. High Court passed an Ad Interim Order" restraining the Company from transferring the shares and disposing the said property, the same, the Company had filed appeal in Calcutta High Court Civil Appellate and received an order in favors of the Company. The said shareholder has filed a Special Leave Petition against the Order of the Hon. Calcutta Court Civil Appellate with the Hon. Supreme Court of India before whom the said matter is pending hearing and disposal

In the meantime, the Company has been directed by the Hon. Supreme Court to maintain a status-quo in respect of its immovable property at Thane

2.2 Confirmation of balance from debtors, parties to whom deposits, loans are given and/or received and from has not been obtained.

2.3 xhe Company is contingently liable in respect of sales tax demand for the period 1st April, 2000 to 12th December, 2000, the amount whereof is not known pending notice of demand from the Sales Tax Authorities.

2.4 No provision has been made for accruing gratuity liability and accruing leave salary payable to employee, as the company charges the same in the year of payment Such unprovoked liability has not been ascertained.

2.5 Provision has not been made in the accounts:

(a) For fall in value of unquoted investments, if any, amounts whereof are not ascertained.

(b) For fall in value of quoted investments the amounts whereof are not ascertainable.

(c) For water charges of Rs. 7,30,060 for past years as the same are disputed by the Company (Previous Year Rs. 7,30,060).

(d) For doubtful debts aggregating to Rs. 3,335,734/ -(Previous Year Rs.11,545,610/-)

2.6 Since trading in Company's security, i.e. equity shares continues to be suspended on Bombay Stock Exchange, it not complied with certain regulatory requirements of the Listing Agreement with the Stock Exchange and certain applicable requirements of Security Exchange Board of India (SEBI)

2.7 Certain old and obsolete Fixed Assets Plant & Machinery, Electrical Installation, Lab Equipments having an aggregate book value of Rs.12,539/- which had been retired from active use long ago shown separately as "Retired Fixed Assets" during earlier years in accordance with AS-10 "Accounting for Fixed Assets" have been written off during the year.

No depreciation has been provided in respect of the above mentioned assets as they have been depreciated up to

2.8 Certain vehicles purchased by the company having aggregate value of Rs. 5,735,517/- are held in the name of the director's of the Company. The Company has obtained loans from banks against hypothecation of the said vehicles.

2.9 The Company doesnot have possession of certain investments having aggregate book value of Rs.2,028,294/-.

inuiks:

1 "The Company has disclosed the above business segments as the primary segment.

2 In the opinion of the management, there is no geographical segment.

3 The Company does not have adequate information as regards direct and indirect costs and expenses as also assets employed and attributable liabilities attributable to warehousing income and hence, the same have not been shown

3 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted die disclosure and presentation nude in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2011

1. Provision has not been made in the accounts.

(a) For fall in value of unquoted investments, if any, amount where of is not ascertained.

(b) For fall in value of quoted investments to the amount where of

(c) For water charges of Rs. 7, 30,060 for past years as the same are disputed by the Company (Previous Year Rs. 7,30,060)

(d) For doubtful debts aggregating to Rs.1,15,45,610 (Previous Year Rs.68,16,926)

2. One of the Shareholders of the Company had filed the petition in the High Court of Kolkata making the Company as one of the defendand alia praying for restraining the Company from transferring the shares of the Company and a in response to which the Hon. High Court passed an "Ad Interim Order" restraining the Company from transferring the shares and disposing die said property. Against the same, the company had filed appeal in Calcutta High Court Civil Appellate and received order in favour of toe company. The said shareholder has filed a Special Leave Petition against the Order of the Hon.Calcutta High Court Civil Appellate with the Hon. Supreme Court of India before whom the said matter is pending hearing and disposal In the meantime, the Company has been directed by the Hon. Supreme Court to maintain a status-quo in respect of its immovable property at Thane

3. Confirmation of balance from debtors, parties to whom deposits, loans are given and/or received and from creditors are awaited.

4. The company has neither received any intimation from its vendors regarding their "status" under the macro, small and medium Enterprises development Act , 2006 nor there has been any claim made for interest by the said enterprises, if any and hence the disclosure, under the said Act has not been made.

5. The company is contingently liable in respect of sales tax demand known pending notice of demand from the sales tax authorities

6. No provision has been made for accruing gratuity liability and accruing leave salary payable to employee, as the company charges the same in the year of payment Such unprovided liability has not been ascertained.

7. RELATED PARTY DISCLOSURES:

(a) List of Related Parties and Relationships:

Party Relation

A KEY MANAGEMENT PERSONNEL

1 Mr. Omprakash Berlia Managing Director

2 Mr.Rajan Agarwal Director 3 Mr.Damodar Vyas Director

4 Mr. Bishwanath Jhunjhunwala Director

S Miss. Annie Femandes Director

NOTE: Related party relationship is as identified by the Company and relied upon by the Auditors.

8. Sales and purchases include Rs.42,30,38,000 in respect of which the Company has not earned any margin.

9. Since trading in Company's security, i.e. equity shares continues to be suspended on Bombay Stock Exchange, it has not complied with certain regulatory requirements of the Listing Agreement with the Stock Exchange and certain applicable requirements of Security Exchange Board of India (SEBI)

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

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Mar 31, 2010

1. Provision has not been made in the accounts.

(a) For fall in value of unquoted investments, if any, amount whereof is not ascertained.

(b) For fall in value of quoted investments to the amount whereof is not ascertainable

(c) For water charges of Rs. 7, 30,060 for past years as the same are disputed by the Company (Previous Year Rs. 7,30,060)

(d) Provision has not been made for doubtful debts aggregating to Rs. 68, 18,926. (Previous Year Rs. 77,01,317)

2. Particulars of investment in Government Securities are not available with the Company and hence, the details of the same have not been stated in the Balance Sheet.

3. Confirmation of balance from debtors, patties in whom deposits, loans are given and/or received and from creditors are awaited.

4. The company has neither received any intimation from its vendors regarding their "status" under the macro, small and medium Enterprises development Act, 2006 nor there has been any claim made for interest by the said enterprises, if any and hence the disclosure, under the said Act has not been made.

5. The company is contingently liable in respect of sales tax demand for the period 1st April 2000 to 12th December, 2000 the amount whereof is not known pending notice of demand from the sales tax authorities.

6. No provision has been made for accruing gratuity liability and accruing leave salary payable to employee, as the company charges the same in the year of payment. Such unprovided liability has not been ascertained.

NOTES:

1. The Company has disclosed the above business segments as the primary segment.

2. In the opinion of the managements, there is no geographical segment.

3. The Company does not have adequate information as regards direct and indirect costs and expenses as also assets employed and attributable liabilities attributable to warehousing income and hence, the same have not been shown.

NOTE:

(a) See Note No.8 Schedule 18 (A).

(b) Figures in bracket related to previous year

10. RELATED PARTY DISCLOSURES:

(a) List of Related Parties and Relationships:

Party Relation

A KEY MANAGEMENT

PERSONNEL

1 Mr. Omprakash Berlia Managing Director

2 Mr. Rajan Agarwal Director

3 Mr. Damodar Vyas Director

4 Mr. Bishwanath Jhunjhunwala Director

5 Miss. Annie J. Fernandas Director

NOTE: Related party relationship is as identified by the Company and relied upon by the Auditors.

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

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Mar 31, 2009

1. Provision has not been made in the accounts.

(a) For fall in value of unquoted investments, if any, amount whereof is not ascertained.

(b) For fall in value of quoted investments to the amount whereof is not ascertainable

(c) For water charges of Rs. 7, 30,060 for past years as the same are disputed by the Company (Previous Year Rs. 7,30,060)

(d) Provision has not been made for doubtful debts aggregating to Rs. 77,01,317. (Previous Year Rs. 84,96,683)

2. Particulars of investment in Government Securities are not available with the Company and hence, the details of the same have not been stated in the Balance Sheet.

3. Confirmation of balance from debtors, parties in whom deposits, loans are given received and from creditors are awaited.

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