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Anjani Portland Cement

BSE: 518091|NSE: APCL|ISIN: INE071F01012|SECTOR: Cement - Mini
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Mar 15
Notes to Accounts Year End : Mar '16

1. The company has only one class of equity shares having face value of Rs. 10 each. Each shareholder of Equity share is entitled to one vote per share. The company declares and pays dividends in Indian Rupees. In the event of liquidation of the company, the equity shareholders will 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. Term loan from banks represent Loan from HDFC Bank Limited Secured by a First Pari Passu charge on all Movable Fixed Assets and Corporate Guarantee of Holding company - Chettinad Cement Corporation Limited.

Note 8.1 : Cash Credit facility and Working Capital Demand Loan with HDFC Bank Limited is Secured by First Pari Passu Charge on Current Assets of the Company and Corporate Guarantee of Holding company -Chettinad Cement Corporation Limited.

Note :* There are no amounts due to be remitted to Investor Eduction and Protection Fund out of these amounts.

* Earmarked balances represents unclaimed Dividend. During the current year company has transferred Rs. 8.36 lacs to Investor Education Protection Fund

** Represents margin money deposits against BG''s & LC''s

Note -3. : The company has issued Non Convertible Debentures (NCD''s) during the year 2014-15 amounting to Rs.6,000 Lakhs through private placement. The details of NCD''s is as follows.

The above NCD''s are Secured by Pari Passu charge on Plant & Machinery , Furniture & Fixtures, Vehicles and office Equipments of the Company and Corporate Guarantee of Holding company - Chettinad Cement Corporation Limited. During the year credit rating of the company has been upgrated by virtue of which the interest rate has been changed from 10.50% to 10.25%.

Note - 4. : Related Party Disclosure :

A) Relationship

a) Holding Company

Chettinad Cement Corporation Limited

b) Key Management Personnel

A.Subramanian, Managing Director

Note 5:

The company operates in single business segment of Cement only, hence segment reporting is not applicable as per AS 17.

Note 6:

We have recorded all known liabilities in the financial statements. The Company has not received any intimations 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 yearend together with interest paid or payable as required under the said Act have not been given.

The Gratuity expenses have been recognized in Contribution to Provident and other funds and Leave Encashment in Salaries and wages under Note 22.

Note.7 :

Section 135(5) of the Companies Act 2013 stipulates that the company needs to spend two per cent of the average net profits made during the three immediately preceding financial years in pursuance of it Corporate Social Responsibility Policy.

The Company has incurred an average net loss for the past 3 years and hence is not required to spend on CSR activities for the Current Financial Year 2015-16.

Note.8 :

Previous year figures have been reclassified /regrouped and rearranged wherever necessary.

Source :
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