1 Additional Information:
1) Details related to Long term Borrowings
a Details of security
Term Loan is secured by hypothecation of Land & Building, Plant &
Machinery and Misc Fixed Assets purchased from the term loan coupled
with extension of charge on existing asset block of the company.
Vehicle Loans are secured against hypothecation of vehicles for which
loan has been taken.
Other Secured Loans are secured by way of first charge on assets
against which loan is taken and personal guarantee of the Managing
Director and Whole-time Directors of the company.
b Term Loan, Cash Credit and Bank Guarantee from PNB are guaranteed and
collaterally secured by the Managing Director and the Whole-time
Directors of the company along with Mr. Ajay Kumar Chaudhary, Mr. and
MrsAtuI Kumar, M/sAllychem Laboratories Pvt. Limited and Allychem
Securities Pvt. Limited.
c Terms of repayment of term loans and others
2) The management has certified the fixed assets installed and put to
use & relied upon by the auditors, being a technical matter. During the
year, Borrowing cost and other cost capitalized up to March 31, 2013 Rs
262.23 lacs (as at March 31,2012 is Rs 10.68 lacs)
3) The inventory of stocks, stores and spares has been taken, valued
and certified by the management.
4) The balance of Trade Receivable and Trade Payable, are subject to
5) Segment Reporting
The Company is working under one business segment only i.e. chemicals.
These chemicals are having different applications. Besides there is not
any significant variances on geographical basis, so the segment
reporting defined under Accounting Standard 17 is not applicable to the
6) Previous year''s figures have been re-arranged and reclassified
wherever necessary to make them comparable with the current year''s
figures. The amount have been rounded off to nearest lakhs.