Betex India Limited is a Public Limited Listed Company domiciled in
India and Incorporated under the provisions of the Companies Act, 1956.
The Company is engaged in the business of Processing of Art Silk Cloth
on job work basis and Power generation through Wind Mill.
1.1 CONTINGENT LIABILITIES (AS-29):
Contingent Liabilities (Not provided for) in respect
PARTICULARS : As On As On
Central Excise & Custorms Liabilities 2,213,789 2,213,789
TOTAL 2,213,789 2,213,789
1.2 SEGMENT REPORTING (AS-17)
The requirnment of Segment reporting is not applicable to the Company
both in respect of Geographies
Segment and Product wise Segment.
1.3 In the absence of necessary information with the company relaing
to the status of the supplier under Micro Small, and Medium Enterprises
Act, 2006, the information could not be compiled.
1.4 Estimated amount of contracts remained to be executed not provided
for: NIL, Advance paid : NIL
1.5 In the opinion of the Board of directors of the Company, the
current assets, Loans, advance and deposits ar« approximately of the
value stated in the accounts if realized, in the ordinary course of
Business, unless otherwise stated.
1.6 The provision of all known liabilities are adequate and not in
excess of the amount reasonably necessary.
1.7 The Amount of Loans & Advances encludes Rs. 317.67 Lacs (P.Y.
Rs.305.31 Lacs)due frorr Firm/Companies/lndividuals in which directors
of the company are interested.
1.8 No Balance confirmation letters have been sent to Sunday debtors,
creditors Loans & Advances unsecured Loan etc. Hence the said balance
1.9 No employees was in receipt of remuneration aggregating to Rs.
24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of
the year. Previous year also there was no such employees.
1.10 We have verified the vouchers and documentary evidences, wherever
made available. Where no documentary evidences were available, We have
relied on the authentication given by the management.
1.11 The Quantity of closing stock of Raw Materials, Finished Goods
etc. as shown in the Balance Sheet has been physically verified by the
management and has been certified as true and correct. We have totally
relied upon the quantitative statements of stock as provided by the
management''s. The value of closing stock is also taken as certified by
1.12 The Revised Schedule VI has become effective from 1 April, 2011
for the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped / reclassified
wherever necessary to correspond with the current year''s classification
1.13 The figures are rounded off to nearest rupee wherever