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Excel Industries
BSE: 500650|NSE: EXCELINDUS|ISIN: INE369A01029|SECTOR: Pesticides/Agro Chemicals
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« Mar 12
Notes to Accounts Year End : Mar '13
1.  CORPORATE INFORMATION
 
 Excel Industries Limited (the Company) is Rs. public company domiciled
 in India and incorporated under the provisions of the Companies Act,
 1956. Its shares are listed on two stock exchanges in India. The
 Company is engaged in manufacturing of Chemicals and Environmental
 products. Chemicals comprising of Industrial and Specialty chemicals
 and Pesticides Intermediates. Environmental products comprising of Soil
 Enricher, Bio - Pesticides and other Bio-products. The Company is also
 engaged in manufacturing activity on behalf of third parties. In the
 current year, the Company has also commenced production of pharma
 intermediates.
 
 2.  BASIS OF PREPARATION
 
 The financial statements of the Company have been prepared in
 accordance with generally accepted accounting principles in India
 (Indian GAAP). The Company has prepared these financial statements to
 comply in all material respects with the accounting standards notified
 under the Companies (Accounting Standards) Rules, 2006, (as amended)
 and the relevant provisions of the Companies Act, 1956. The financial
 statements have been prepared on an accrual basis and under the
 historical cost convention, except in case of assets for which
 revaluation is carried out. The accounting policies have been
 consistently applied by the Company are consistent with those used in
 the previous year.
 
 All assets and liabilities have been classified as current or
 non-current as per the Company''s normal operating cycle and other
 criteria set out in the Schedule VI to the Companies Act, 1956. Based
 on the nature of products and the time between the acquisition of
 assets for processing and their realisation in cash and cash
 equivalents, the Company has ascertained its operating cycle as 12
 months for the purpose of current - non-current classification of
 assets and liabilities.
 
 3.  RELATED PARTY DISCLOSURES
 
 Names ol related parties and related party relationship
 
 Subsidiaries
 
 Kamaljyot Investments Limited Excel Bio Resources Limited
 
 Associate
 
 RomVijay Bioo Tech Private Limited (upto May 3,2012)
 
 Jointly Controlled Entity
 
 Wexsam Limited, Hong Kong
 
 Enterprises owned or significantly influenced by Key Management
 Personnel or their relatives
 
 Agrocel Industries Limited
 
 Anshul Specialty Molecules Limited
 
 C. C. Shroft Research Institute
 
 C. C. Shroff Self Help Centre
 
 Dipkanti Investments & Financing Private Limited
 
 Divakar Chemicals Limited
 
 Excel Crop Care Limited
 
 Good Rasayan Limited
 
 Hyderabad Chemicals Limited
 
 Hyderabad Chemicals Products Limited
 
 Kutch Crop Services Limited
 
 Pritami Investments Private Limited
 
 Rashtriya Seva Trust
 
 Shri Seetha Rama Seva Sadan
 
 Shrodip Investments Private Limited
 
 Shrujan
 
 Transpek Industry Limited
 
 Transpek-Silox Industry Limited
 
 Transpek Industry (Europe) Limited
 
 Utkarsh Chemicals Private Limited
 
 Key Management Personnel
 
 Shri Ashwin C. Shroff (Chairman and Managing Director)
 
 Smt. Usha A. Shroff (Executive Vice Chairperson)
 
 Shri Dipesh K. Shroff (Director)
 
 Shri Atul G. Shroff (Director)
 
 Shri Ravi Ashwin Shroff (Son of Shri Ashwin C, Shroff)
 
 Shri S. R. Potdar (Executive Director)
 
 Relatives of Key Management Personnel
 
 Shri Kantisen C. Shroff (Father of Shri Dipesh K. Shroff) Smt. Shruti
 Atul Shroff (Wife of Shri Atul G. Shroff) Kum. Vishwa Atul Shroff
 (Daughter of Shri Atul G. Shroff) Smt. Chanda Kantisen Shroff (Mother
 of Shri Dipesh K. Shroff) Smt. Preeti Dipesh Shroff (Wife of Shri
 Dipesh K. Shroff) Shri Hrishit Ashwin Shroff (Son of Shri Ashwin C.
 Shroff) Smt. Chetna Praful Saraiya (Sister of Shri Atul G. Shroff) Smt.
 Hiral Tushar Dayai (Sister of Shri Atul G. Shroff) Smt. Anshul Amrish
 Bhatia (Daughter of Shri Ashwin C. Shroff) Smt. Ami Abhay Saraiya
 (Sister of Shri Dipesh K. Shroff)
 
 4.  PREVIOUS YEAR FIGURES
 
 Previous Year figures have been regrouped/reclassified, where necessary
 to confirm to this year''s classification.
Source : Dion Global Solutions Limited
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