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SENSEX NIFTY India | Notes to Account > Aluminium > Notes to Account from PG Foils - BSE: 526747, NSE: N.A

PG Foils

BSE: 526747|ISIN: INE078D01012|SECTOR: Aluminium
Aug 19, 16:00
VOLUME 1,633
PG Foils is not listed on NSE
Mar 15
Notes to Accounts Year End : Mar '16

(i) The Company has only one class of equity shares having par value of Rs. 10 per share. Each Shareholder ineligible for one vote per share.

(ii) In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding. j

Disclosure Required Under Section 22 of the Micro, Small And Medium Enterprise Development Act, 2006_

I (i) Principal amount remaining unpaid to any supplier as at the end of the accounting year -

I (ii) The amount of interest accrued and remaining unpaid at the end of the accounting year - ~

I Note:- (i) Unclaimed dividend includes Rs343062/- for F.Y. 2010-11 and Rs. 511907/- for F.Y. 2015-16

I Note: Balances with government includes a sum of Rs.6.00,000/- was deposited by the company as pre-deposit of penalty as per directions given by the Custom Excise & I Gold (control) Appellate New Delhi by order dated 03.02.2003 against total amount of penalty of Rs.25 lacs to be deposited by Shri Pankaj R Shah Managing Director) and I Shri Ashok R Shah (Ex-Director) of the company, the appeal has been dismissed by the tribunal .The company has filed an appeal before High Court Matter is still pending.

1. The information in regards to SSI Units has been compiled in respect to parties to the extent to which they could be identified as SSI units on the basis of information available with the company.

2. (a) Bank balances are subject to bank reconciliations.

(b) Balances of Fixed Deposits are subject to verification & reconciliations. I

3. There is no agriculture product’ From the Agriculture land.

4. Since the company does not have any subsidiary AS 21 is not applicable

5. During the previous year, pursuant to the notification of Schedule II to the Companies Act, 2013 with effect from April 1,2014, the Company revised the estimated useful life of its assets to align the useful life with those specified in Schedule II. Pursuant to the transition provisions I prescribed in Schedule II to the Companies Act, 2013, the Company fully depreciated the carrying value of assets aggregating to Rs. 9.44 lacs, where the remaining useful life of the asset was determined to be nil as on April 1,2014, has been included in previous year depreciation amount.

6. Foreign exchange Cain/loss including Gain/loss in respect of purchase, sales and buyers credit.


Based on the guidance notes given in the accounting standard on Segment Reporting (AS 17) issued by the Institute of Chartered accountants of India the Company is single reportable segment company, engaged in the business of manufacture and sale of Aluminium Foil in the various form. As the Company operates in single primary segment, disclosure requirement is no applicable.


j List of Related Parties: I

a. Key Managerial Personnel

! 01 Shri Pankaj P Shah Managing Director !

I 02. Shri Abhay P Shah Whole Time Director j

I 03. Shri Sahil P Shah Director

04. Smt. Sakshi S Shah Director

b. Related Parties with whom transaction have taken place 1. Prem Cables Pvt. Ltd

. Miracle Carriers & Trading Company

9. Prem Nagar Industrial Estate Pvt. Ltd

10. Pipalia Cables & Wires Pvt. Ltd.

11. Miracle Foils Pvt.Ltd. ; ( 6. Foils India Laminates Pvt Ltd. i

12. Pipalia Engineering Work Pvt Ltd i

13. As per the provisions of Sec. 135 of the Companies Act 2013, the Group is required to spend Rs. 14.12 lacs (Previous year Rs. 11.00 lacs) towards CSR activities. The Group has spent Rs.14.20 lacs during the current financial year in line with the CSR Policy of the Group.

14. The Figures of the previous year have been regrouped and rearranged wherever necessary to make them comparative with previous year figures as done by the management so as reconciled with the amended revised schedule VI.

Source : Dion Global Solutions Limited
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