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Syschem India
BSE: 531173|ISIN: INE121D01028|SECTOR: Pesticides/Agro Chemicals
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« Mar 12
Notes to Accounts Year End : Mar '13
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
 confirmation.
 
 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
 Company.
 
 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.
Source : Dion Global Solutions Limited
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