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Marsons

BSE: 517467|ISIN: INE415B01036|SECTOR: Electric Equipment
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Jun 18, 16:00
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Mar 14
Notes to Accounts Year End : Jun '15
1. Based on the information available with the company, the principal
 amount due to Micro, Small & Medium Enterprises, as defined under the
 Micro, Small, and Medium Enterprises Development Act, 2006 (MSMED Act,
 2006) is Rs, Nil (Previous year Rs, Nil). Further, no interest during
 the year has been paid or payable under the terms of the MSMED Act,
 2006.
 
 2. Total stores and spare parts consumed during the year are Rs, 49.07
 Lacs (Previous year Rs, 13.55 Lacs).
 
 3. ACCOUNTING OF INVESTMENTS AS-13
 
 In accordance with Accounting Standard (AS-13) of the Institute of
 Chartered Accountants of India, the long term investments held by the
 Company are to be carried at cost. Diminution in the value of some
 investments if any has not been made as amount is not ascertainable in
 view of market value is not available. The Company however does not
 anticipate any decline being permanent in nature. Few shares have been
 sold and relevant Long Term Capital Gain have been booked accordingly.
 
 4. As per Accounting Standard 15 ''Employee Benefits'' the disclosures as
 defined in the Accounting Standard are given below : Defined
 Contribution Plans
 
 The Company has not recognized an expense of towards defined
 contribution plans (Previous year NIL).
 
 Defined Benefit Plans
 
 In respect of gratuity liability, under defined benefit plan, the
 company has set up a Group Gratuity Scheme by entering into a scheme of
 insurance with Life Insurance Corporation of India, for providing
 Gratuity benefits to its employee and a sum of Rs,. 2.50 Lakhs
 (Previous Year NIL) has been contributed during the year to Marsons
 Electrical Ltd., Group Gratuity Scheme with Life Insurance Corporation
 of India.
 
 5. CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 Aggregate amount of guarantees furnished by the banks on behalf of the
 company to various State Electricity Board are Rs,. 1,917.62 lacs
 (Previous year Rs,. 2,481.00 lacs) which are secured by deposits of
 Fixed Deposit Receipts amounting to Rs,. 115.08 lacs (previous year
 Rs,.  303.61 lacs) with banks.
 
 6. RELATED PARTY DISCLOSURES AS REQUIRED BY AS-18
 
 Related party disclosures are given below: 1) Relationships:
 
 a) Key Management Personnel and their relatives : Mr. G.C. Kotia
 
 Mr. Akhilesh Kotia
 
 Mrs. Charu Kotia
 
 Mr. Harshvardhan Kotia
 
 b) Enterprises over which the Key Management personnel and/or their
 relatives have significance influence :
 
 1) Advance Powerinfra Tech Ltd.
 
 2) Marsons Textiles Ltd.
 
 3) M-Secure HR Services Pvt. Ltd.
 
 4) M-Trust Capital Advisory Pvt. Ltd.
 
 5) Marsons Infomedia Pvt. Ltd.
 
 6) Marsons Research Institute
 
 7. RESEARCH AND DEVELOPMENT EXPENSES
 
 In pursuit of Research and Development endeavors the company is
 continuously incurring R & D expenditure both on Capital and Revenue
 which is shown as part of regular heads of accounts in fixed assets and
 in Profit and Loss account respectively. Revenue expenditure on
 research & development activities accounted for under their natural
 heads of revenue expenses accounts is Rs,. 156.91 lacs. (previous Year
 Rs,. 236.20 Lacs) Capital expenditure on research & development
 activities accounted for under their natural heads of Fixed assets
 accounts is Rs,. 328.00 Lacs (Previous year Rs,.  6.42 Lacs)
 
 8. The figures for the current financial year are for nine months
 period.
Source : Dion Global Solutions Limited
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