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Moneycontrol.com India | Notes to Account > Food Processing > Notes to Account from Sheel International - BSE: 526081, NSE: N.A
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Sheel International
BSE: 526081|ISIN: INE895E01017|SECTOR: Food Processing
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« Mar 11
Notes to Accounts Year End : Mar '12
1. CONTIGENT LIABILITIES                            (in Rs.)
 
                                             As at 
                                        31.03.2012     As at 
                                                  31.03.2011
 
 Capital Contracts 
 remaining to be Executed                    -         -
 
 Claims against the Company 
 not acknowledged as debts                   -         -
 
 Other monies for which the 
 Company is Contigentely liable              -         -
 
 2. The Company has not dealt in the foreign currency in the current
 year and previous year. The company has neither imported any material
 nor exported any material. Further the company has not incurred any
 expenditure in foreign currency.
 
 3. During the year, company has charged depriciation on Plant &
 Machinery from retospective effect i.e. depriciation for the period
 April 1st, 1999 to March 31st, 2011 and current year for which, the
 depriciation was not charged in earlier years.  Depriciation has been
 charged at the single shift SLM rate upto 95% of the total asset value.
 
 4. RELATED PARTY DISCLOSURES
 
 Key Management Personnel Shri Nitin Maheshwari Shri Madan Chandra Das
 Shri Rishabh Bhutra
 
 5. In the absense of taxable income during the year, no provision for
 taxation has been made. The company has not recognised deferred tax
 asset (net) as on 31st March 2012 in the absense of virtual certainity
 of future taxable income.
 
 6. The Company is engaged only in one business a nd therefore has only
 one reportable segment.
 
 7. No amount is outstanding to Micro, Small & Medium Enterprises based
 upon information available with the company.
Source : Dion Global Solutions Limited
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