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BNR Udyog

BSE: 530809|ISIN: INE355C01016|SECTOR: Finance - Investments
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BNR Udyog is not listed on NSE
Mar 13
Notes to Accounts Year End : Mar '15
 1. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
 STANDARD 18
 
 A) List of related parties
 
 I) Parties where control exist - Nil
 
 II) Other parties with whom Company entered into transactions during
 the year - Nil
 
 III) Key Management personnel and enterprises having common key
 management personnel or their relatives.
 
 Key Management Personnel:
 
 Mr. Kamal Narayan Rathi - Managing Director
 
 Mr. Sandeep Rathi - Executive Director
 
 Enterprises having common Personnel NIL
 
 Relatives of Key Management Personnel
 
 Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Narayan Rathi & W/o.
 Shri Sandeep Rathi
 
 2. CONTINGENT LIABILITIES (Amount in Rs.)
 
 Particulars                                  2014-2015      2013-2014
 
 a) Counter Guarantee against Bank           Rs.16,75,000   Rs.50,19,387
    Gaurantee
 
 3. There are no Micro, Small and Medium Enterprises to whom the
 Company owes dues, which are standing for more than 45 days as at 31 st
 March 2015. This information as required to be disclosed under the
 Micro, Small and Medium Enterprises Development Act, 2006 has been
 determined to the extent such parties have been identified on the basis
 of information available with the Company.
 
 4. Balances shown under Trade Receivable are subject to
 confirmation/reconciliation
 
 5. Pursuant to enactment of Companies Act,2013, the company has
 applied the estimate useful life as specified in Schedule II
 Accordingly the unamortised carrying value is being depreciated /
 ammortised over the revised / remaining useful life. The written down
 value of Fixed Asset whose lives has expired as at 01.04.2014 has been
 adjusted,in opening balance of Profit & Loss Account amounting to
 Rs.27.21 Lakhs.
 
 6. Figures of the previous years have been re-grouped - re- arranged,
 wherever considered necessary and rounded off to nearest rupee.
 
 7. DEFINED BENEFIT PLAN
 
 The Employee''s Gratutity Fund Scheme managed by LIC Group Gratutity is
 a defined benefit plan. The present value of obligation is determined
 based on acturial valuation using the Projected Unit Credit Method,
 which recognizes each period of service as giving to additional unit of
 employee benefit entitlement and measures each unit separately to build
 up the final obligation. The Company is having fair value of plan
 assets which is more than the present value of obligations. The same is
 not taken into account considering the prudence
 
Source : Dion Global Solutions Limited
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