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Moneycontrol.com India | Notes to Account > Textiles - Weaving > Notes to Account from Shree Bhavya Fabrics - BSE: 521131, NSE: N.A
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Shree Bhavya Fabrics

BSE: 521131|ISIN: INE363D01018|SECTOR: Textiles - Weaving
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Mar 14
Notes to Accounts Year End : Mar '15
1 Share Capital
 
 b. Terms/rights attached to equity shares
 
 The company has only one class of equity shares having par value of Rs.
 10/- (Previous year Rs. 10/-) per share.  Each holder of equity shares
 is entitled to one vote per share.
 
  The Revised Schedule VI has become effective from 1 April, 2011 for
 the preparation of financial statements.  This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s classification
 / disclosure
 
 2 Figures have been rounded off to nearest rupee.
 
                                                 2014-2015     2013-2014
                                                   in Rs.      in Rs.
 
 3  Contingent liabilities & Commitments        9441193/-      9441193/-
 
 4 Provision for income-tax is based on the taxable profits of the
 company in accordance with the Income - tax Act, 1961.
 
 5 Estimated amounts of contracts remaining to be executed on capital
 account and not provided for Rs. 39,73,849/ - (Previous year Rs.
 2,57,07,867/-).
 
 6 Contingent Liability on account duty saved due to import against
 EPCG license is Rs. 94,41,193/- (Previous Year Rs. 94,41,193/-), which
 has to be met by fulfilling an export obligation of Rs. 6,67,67,544/-
 (Previous Year Rs. 6,67,67,544/-) in eight years.
 
 7 Amount of borrowing cost capitalized as per Accounting
 Standard-16, during the year was Rs. NIL/- (Previous Year Rs. NIL)
 
 8 There are no separate reportable segments as per Accounting Standard
 17 as the entire operations of the Company relate to one segments, viz.
 the Textile.
 
 9 There is no lease transaction during the year as per Accounting
 Standard - 19.
 
 10 As required by Accounting Standard -20 the basic Earning Per Share
 (EPS) is Rs. 0.43 arrived at by dividing the Profit After Tax (PAT) by
 the total number of shares issued and subscribed as at the end of the
 year.
 
 11 Break up of expenditure incurred on employe''s who were in receipt of
 remuneration aggregating Rs. 6000000/ - or more for year or Rs.
 500000/- or more, where employed for a part of the year. Nil (Previous
 Year Rs.  Nil).
 
 12 Pursuant to the enactment of Companies Act 2013, the Company has
 applied the estimated useful lives as specified in Schedule II.
 Accordingly the unamortised carrying value is being depreciated over
 the revised/remaining useful lives. The written down value of Fixed
 Assets whose lives have expired as at 1st April 2014 have been adjusted
 in the opening balance of Profit and Loss Account amounting of Rs.
 755598/-
 
 13 Disclosures in respect of related parties as defined in Accounting
 Standard 18, with whom transactions have taken place during the year
 are given below:-
 
 a. Associate Companies                      Balhanuman Fabrics Pvt. Ltd
 
 in which directors or their relatives       Anunay Fab Ltd.
 are interested
                                             Gujarat Investa Ltd.
 
 b. Directors and their relatives:
 
 Purshottam Radheshyam Agarwal
 
 Anjani R. Agarwal
 
 Aman Purshottam Agarwal
 
 14 Micro & Small Enterprises Dues
 
 As per information given to us there were no amount overdue and
 remaining outstanding to small scale and /or ancillary Industrial
 suppliers on account of principal and /or interest as at the close of
 the year. Based on the information available with company, there are no
 dues outstanding to Micro and Small Enterprises as defined under Micro,
 Small and Medium Enterprises Development Act, 2006 for more than 45
 days as at March 31, 2015.
 
 15 Previous year''s figures have been regrouped/rearranged wherever
 necessary so as to make them comparable with the figures of the current
 year.
 
 
Source : Dion Global Solutions Limited
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