1. The Company has not received any intimation from suppliers
regarding their status under Micro, Small and Medium Enterprise
Development Act, 2006 and hence disclosure requirements in this regard
as per Schedule VI of the Companies Act, 1956 could not Pe provided.
5. Related Party Relationships
(a) Enterprises Owned by Directors or Major Share Holders
Sr. Name of the Company/Firm
No.
1 Abhishek Packaging Industries
2 Maharastra Polycane Industries
3 Radha Madhav Research and Trade Ltd.
4 Print Rite
5 Siddharth Plastic Industries
6 Plastic Corporation
7 Mamta Steel
8 Mehsana Steel Suppliers
9Mahavir Steel Suppliers
10 Abias Export Pvt, Ltd.
11 Swati Packaging
12 Radha Krishna Industries
13 Radha Madhav Residency
14 Radha Madhav Holdings Pvt. Ltd.
(b) Key Management Personnel
Mr. Mitesh Agarwal
- Mr. Abhishek Agarwal
(c) Persons having significant influence
- Mr. Anil Agarwal
Note: In respect of above parties, there is no provision for doubtful
debts as on 31st March, 2011 and no amount has been written off or
written back during the year in respect of debts due from/to them.
6. Contingent Liability not provided for
Particulars (in 000)
2010-2011 2009-10
Rs. Rs.
a) Guarantees given by Banks 48,274 31786
b) Estimated amount of contract
remaining to be executed on capital 136 2207
Account and not provided for (net of
Advances)
c) Disputed Liability of Central Excise
Duty. Dispute pending with Customs 15,359 15,359
Excise & Service Tax Appellate Tribunal,
Ahmadabad
d) Duty liability with respect to
capital goods imported under EPCG
Scheme. 1,82,319 1,85,837
(against balance export obligation)
7. Impairment of Assets Accounting Standard 28
The company has carried out an exercise to ascertain the impairment, if
any, in the carrying values of its assets. The exercise has not reveals
any impairment in any fixed assets of the company.
9. The provision of Dividend on Preference Shares made in earlier year
is no more required, hence it is reversed.
10. These Fixed Deposits are pledged with bank as margin money.
13. The company has a single segment namely Flexible Packaging
therefore the company''s business does not fall under different business
segments as defined by AS-17 Segmental Reporting issued by ICAI.
14. Previous years figures have been regrouped & rearranged wherever
necessary.
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