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Arex Industries
BSE: 526851|ISIN: INE480H01011|SECTOR: Textiles - Processing
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« Mar 13
Notes to Accounts Year End : Mar '14
As at 31st        As at 31st
                                     March,2014        March,2013
 
 1. Contingenting Liabilities of
 
 (a) Letter of credit by bank           NIL              NIL
 
 (b) Disalloawance of expenses under 
     Income Tax Act for               1351672          1351672
 A.Y.-1996-97 matter pending with 
 High Court of Gujarat
 
 2. The figures are rounded off to the nearest rupee and are regrouped
 or rearranged, wherever necessary to make them comparable.
 
 3. Sundry Debtors, Sundry Creditors, Loans and Advances, Deposite and
 Personal Accounts either debit or credit are subject to conformation
 from parties and reconciliation if any.
 
 4. In the opinion of the Board, the current assets, loan and advance
 have a value on realisation in ordinary course of business at least
 equal to the amount at which they are stated.
 
 5. Segment Reporting
 
 Company has only one primary segment of manufacturing and sale of
 labels and doses not fall under secondary segment. In view of this,
 details of segment information is not given as required by AS 17
 Segment Reporting issued by The Institute of Chartered Accountants of
 India.
 
 6. Related Party Transactions
 
 (A) Related Parties and nature of relationship
 
 Sr. 
 No.  Name of Related Party          Description of Relationship
 
 1.   Mr. Dinesh Bilgi              Chairman & Managing Director
 
 2.   Mr. Neel Bilgi                Jt.Managing Director
 
 3.   Mr. Chirag Bilgi              Jt.Managing Director
 
 4.   Mr. Pragnesh K. Shah          Executive Director
 
 5.   Mr. Laxman C. Tilani          Director
 
 6.   Mr.Dinesh H. Pande            Director
Source : Dion Global Solutions Limited
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