Company is located at Sy.No.142A, IDABollaram, (Via) Miyapur, Jinnaiam
Mandal, Medak District, A.P-502 325. It is manufacturing PP/HDPE Woven
2.1 Rights, Preferences and restrictions attached to equity shares
The Company has only one class of shares referred to as equity shares
having a par value of Rs.10 per share. Each holder of equity shares is
entitled to one vote per share.
In the event of liquidation of the company, the holders of equity
shares 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
2.2 Loans from related parties are repayable on demand and are subject
2.3 The Govt.of Andhra Pradesh vide GO.No sl08 & 1341 & C (IP)
Department,dated 20.06.1996 and 01.07.1996 has allowed the company to
defer the sales tax payments for a period of Fourteen years from
01.07.1997 on expanded capacity (i.e. beyond base production of
898.40 MTPA) subject to a maximum exemption of Rs. 3,79,55,720/-. The
Company has not availed sale tax deferment during the year 2011-12 as
the scheme has ended on 30.06.2011, (amount availed in previous year
Rs.31,27,067/-) and such deferment is cumulatively Rs.2,74,10,681 /-
for 2011 -12 (upto previous year Rs.2,74,10,681 /-) as per VAT
returns filed by company.
3.1 In view of the uncertainity of the company making profits under the
head Income from Business (Section 28 to 43) to enable the company to
avail the credit within the prescribed time of Minimum Alternative Tax
paid on the book profits, no credit is accounted with respect to MAT
4.1 The Company has not received any intimation 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 year end together with interest paid / payable as
required the said Act have not been given.
4.2 Trade Payable are subject to reconciliation and confirmation
NOTE NO. 5 Segment Information
The company operates PP/HDPE Woven Sacks and same geographical
location, hence there are no different reporting segments.
NOTE NO. 6 Related Party Transactions
6.1 List of related parties with whom transactions have taken place