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Moneycontrol.com India | Notes to Account > Food Processing > Notes to Account from Hind Industries - BSE: 526307, NSE: HINDIND
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Hind Industries

BSE: 526307|NSE: HINDIND|ISIN: INE675B01019|SECTOR: Food Processing
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Hind Industries is not traded in the last 30 days
Mar 14
Notes to Accounts Year End : Mar '15
1.  SEGMENT REPORTING:
 
 The Management of the affairs of the company and its internal reporting
 is only on the basis of the significant product line, i.e. meat. Hence,
 segment reporting is not required. Accordingly, the disclosure
 requirements of Accounting Standard - 17 (AS-17) on Segment
 Reporting, issued by the Institute of Chartered Accountants of India
 is not applicable.
 
 2.  In the opinion of the management, the Current Assets, Loans and
 Advances are realizable at the value stated in the Balance Sheet, in
 the ordinary course of business.
 
 3.  Due to realignment of the value of Trade Receivables, to make it
 commensurate with the closing exchange rate, Sales & Trade Receivables
 have accordingly been increased by Rs. 85.48 lacs. (Previous year
 increase - Rs. 68.55 lacs).
 
 4.  Balances under Trade Receivable, Trade Payable, Loans and Advances
 are subject to confirmation and reconciliation and consequent
 adjustments thereof. The outstanding Trade Receivables which may not be
 recoverable could not be ascertained at the year end.
 
 5.  The company has given on loan its finished goods inventory at
 various intervals to its subsidiary company which is subsequently
 received in due course. In the opinion of the management, the above
 practice is adopted to have better realization as per the practice
 prevailing in the industry.
 
 6.  There exists no indication for the management to conclude that any
 of its cash generating units are impaired and accordingly no provision
 for impairment is required to be made in the financial statements.
 
 7.  Research and Development Expenses : NIL ( Previous Year - NIL )
 
 8.  Amount due to small scale industrial undertakings/ suppliers under
 the MSME Act, 2006 :
 
 As per the certificate of representation received from the Company, it
 has not received any intimation from suppliers regarding their status
 under the Micro, Small and Medium Enterprises Development Act, 2006 and
 hence disclosure, if any, relating to amounts unpaid as at the year end
 together with interest paid / payable as required under the said Act
 could not be furnished.
 
 9.  The company shall make available the separate financial statements
 of the subsidiary to the shareholders of the holding and subsidiary
 company whenever required at any point of time.
 
 10.  Previous year figures have been reclassified in accordance with
 current year requirements.-
Source : Dion Global Solutions Limited
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