Link Pharma Chem Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2015

1. Securities:

Principal :

* 1st Equitable Mortgage charge on Land & Building situated at Plot No. 161 & 162, GIDC, Ind. Estate, Nandesari.

* 1st equitable Mortgage charge on Land & Building at Plot No. 163 & 164, GIDC, Ind. Estate, Nandesari.

* Hypothication charge on Stocks and Book Debts.

Collateral:

* EQM of office premises situated at office no. 6-B-2, 6th floor, Ramkrishna chambers, Productivity Road, alkapuri, Vadodara.

1) The Notes referred to in the Balance Sheet and Statement of Profit and Loss form an integral part of the accounts.

2) In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

3) Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year

The above Information has been complied in respect of Parties to the extent to which they could be identified as Small Scale & Ancillary Undertakings on the basis of Information available with the Company.

4) Net Profit of Rs. 0/- (Previous year Net Profit of Rs. 6,74,212/-) on account of exchange difference has been considered under foreign exchange earning under the head of indirect Income in the profit and loss account.

5) In accordance with the requirements of AS-18 on related party disclosures, the names of the related parties where control exists and / or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are as under:

i. Key Managerial Personnel Executive Directors. B.V.Retarekar S.G.Thakur

ii. Relatives of Key Managerial Mayaben S Thakur Personnel Nehaben B Retarekar Mayank B Retarekar Rishikesh S Thakur

iii. Firms in which the Key Managerial Chloro Chem of India - Vadodara

Personnel & their relatives : Pharma Inter Chemie - Vadodara are interested

iv. Fellow/ Subsidiary / Associates: None

Figures in bracket represent Previous Year's figures.

6) Additional information pursuant to the provisions of paragraph 3 and 4 part II of schedule VI of the Companies Act, 2013.

7) AS - 15 Accounting For Retirement Benefits in Financial Statements of Employees:

* Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

* There are no VRS expenses incurred during the year.

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Mar 31, 2014

1) The Notes referred to in the Balance Sheet and Statement of Profit and Loss form an integral part of the accounts.

2) In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

3) Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year.

4) During the year company has provided for income tax of 11,68,272-

5 ) Research & Development Expenditure is as follows:-

6) Names of Small Scale Industrial undertakings to which the company owes sums outstanding for more than 30 days as at the date of balance sheet are as under:

The above Information has been complied in respect of Parties to the extent to which they could be identified as Small Scale & Ancillary Undertakings on the basis of Information available with the Company.

7) Net Profit of Rs. 6,74,212/- (Previous year Net Profit of Rs. 1,43,721-) on account of exchange difference has been considered under foreign exchange earning under the head of indirect Income in the profit and loss account.

8) Auditors Remuneration is detailed here below:

9) In accordance with the requirements of AS-18 on related party disclosures, the names of the related parties where control exists and / or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are as under:

1. Key Managerial Personnel

0Executive Directors. B.V.Retarekar S.G.Thakur

2. Relatives of Key Managerial Mayaben S Thakur Personnel Nehaben B Retarekar Mayank B Retarekar Rishikesh S Thakur

3. Firms in which the Key Managerial Chloro Chem of India - Vadodara Personnel & their relatives are interested: Pharma Inter Chemie - Vadodara

4. Fellow/ Subsidiary / Associates : None

Figures in bracket represent Previous Year''s figures.

During the year there is no write off or right back of any amount due from or payable to related parties. Transactions with Related parties during the period are as under.

10) Additional information pursuant to the provisions of paragraph 3 and 4 part II of schedule VI of the Companies Act, 1956.

a) Particulars of Licensed and Installed Capacity and Actual Production (as certified by the management and accepted by the auditors without verification being a technical matter):

11) During last year the Company has Capitalized Rs. 15,00,000- towards interest, as borrowing Cost. Company follows the policy of Capitalizing Borrowing Costs that are directly attributable to the acquisition, Construction or Purchase of any Qualifying Asset.

12) The Company''s business activity falls within a single primary business segment namely, manufacturing of Chemicals, however the segment reporting of revenues for the Company is on the geographical location of the customers are as under:-

13) AS -15 Accounting For Retirement Benefits in Financial Statements of Employees:

* Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

* There are no VRS expenses incurred during the year.

* There are no provision made for retirement Benefits in books of accounts

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Mar 31, 2013

Note 1:

The Notes referred to in the Balance Sheet and Statement of Profit and Loss form an integral part of the accounts.

Note 2:

In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

Note 3:

Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year.

Note 4:

During the year company has provided for income tax of Rs. 1,645,765/-

Note 5: Net Profit of Rs. 1,43,721.00 (Previous year Net Profit Rs. 1,01,027/-) on account of exchange difference has been considered under foreign exchange loss under the head of indirect Expenses in the profit and loss account.

Note 6: In accordance with the requirements of AS-18 on related party disclosures, the names of the related parties where control exists and / or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are as under:

1. Key Managerial Personnel Executive Directors B. V. Retarekar, S. G. Thakur

2. Relatives of Key Managerial Personnel Mayaben S Thakur, Nehaben B Retarekar,

Mayank B Retarekar, Rishikesh S Thakur

3. Firms in which the Key Managerial Personnel &

their relatives are interested Pharma Inter Chemie, Chloro Chem of India

4. Fellow/Subsidiary Associates None Figures in bracket represent Previous Year''s figures.

Note 7: During the last year the Company has Capitalized Rs. 54,66,3171- towards interest, as borrowing Cost but during the current year company has not incurred any interest towards capital expenditure. Company follows the policy of Capitalizing Borrowing Costs that are directly attributable to the acquisition, Construction or Purchase of any Qualifying Asset.

Note 8: AS - 15 Accounting For Retirement Benefits in Financial Statements of Employees:

* Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

* There are no VRS expenses incurred during the year.

* There is no provision made for retirement Benefits in books of accounts.

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Mar 31, 2012

Note 1:

The Notes referred to in the Balance Sheet and Statement of Profit and Loss form an integral part of the accounts.

Note 2:

In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

Note 3:

Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year.

Note 4:

During the year company has provided for income tax of Rs.23,18,652/-

Note 5: Net Loss of Rs. 1,01,027 (Previous year Net Profit Rs. 71,516/-) on account of exchange difference has been considered under foreign exchange loss under the head of indirect Expenses in the profit and loss account.

Note 6: AS - 15 Accounting For Retirement Benefits in Financial Statements of Employees:

Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

There are no VRS expenses incurred during the year.

There is no provision made for retirement Benefits in books of accounts.

Note 7: Ankleshwar Unit is sold but still Cess, Modvate & Other excise balance is pending in the books of accounts.

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Mar 31, 2011

1) The schedules referred to in the Balance Sheet and Profit and Loss Account form an integral part of the accounts.

2) In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

3) Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year.

4) During the year company has provided for income tax provision for Rs. 4,05,840/-

5) Net profit of Rs. 71,516 (Previous year Rs. 26,770/-) on account of exchange difference has been considered under foreign exchange earnings under the head of other income in the profit and loss account.

6) We are of the opinion that company will be contingently liable in respect of Gujarat Sales Tax of Rs.3,67,685/ - for financial year 2003-04.

7) In accordance with the requirements of AS-18 on related party disclosures, the names of the related parties where control exists and / or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are as under:

1. Key Managerial Personnel Executive Directors : B. V. Retarekar, S. G. Thakur

2. Relatives of Key Managerial Personnel : -

3. Firms in which the Key Managerial Personnel & their relatives are interested : Pharma Inter Chemie, Chloro Chem of India

4. Fellow / Subsidiary Associates : None

Figures in bracket represent Previous Year's figures. -

8) During the year the Company has Capitalized Rs.45,46,227/- towards interest, as borrowing Cost. Company follows the policy of Capitalizing Borrowing Costs that are directly attributable to the acquisition, Construction or Purchase of any Qualifying Asset.

9) We have selected some Debtors and Creditors on random basis to which confirmation letters have been sent, out of which some have confirmed the balance. Those who have confirmed, out of them all are tallying with balance as per books.

10) AS -15 Accounting For Retirement Benefits in Financial Statements of Employees:

-Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

-There is no VRS expenses incurred during the year.

-There is no provision made for retirement Benefits in books of accounts.

11) Ankleshwar Unit is sold but still Cess, Modvate & Other excise balance is pending in the books of accounts.

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Mar 31, 2010

1) The schedules referred to in the Balance Sheet and Profit and Loss Account form an integral part of the accounts.

2) In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans and * advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

3) Previous year figures have been regrouped, rearranged and recast to correspond with the figures of the current year.

4) During the year company has provided for income tax provision for Rs. 6,76,161/-

5) Net toss of Rs. NIL (Previous year Rs. Nil) on account of exchange difference has been considered under foreign exchange earnings under the head of other income in the prof and loss account.

8) We are of the opinion that company will be contingently liable in respect of Gujarat Saie^, Tax of Rs.3,67,685/ - for financial year 2003-04.

9) Disclosure of Earnings per Share (EPS) computation as per Accounting Standard- 20 of the institute of Char- tered Accountants of India:

10) In accordance with the requirements of AS-18 on related party disclosures, the names of the related parties where control exists and / or with whom transactions have taken place during the year and description of relationships, as identified and certified by the management are as under:

1. Key Managerial Personnel Executive Directors : B. V. Retarekar, S. G. Thakur

2. Relatives of Key Managerial Personnel : -

3. Firms in which the Key Managerial Personnel &

their relatives are interested : Pharma Inter Chemie, Chloro Chem of India

4. Fellow / Subsidiary Associates : None

Figures in bracket represent Previous Years figures.

During the year there is no write off or right back of any amount due from or payable to related parties.

11) During the year the Company has Capitalized Rs.21,84,096/- towards interest, Rs.3,18,386/- towards bank charges and commission and Rs.81,900/- towards legal and filing charges as borrowing Cost. Company follows the policy of Capitalizing Borrowing Costs that are directly attributable to the acquisition, Construction or Purchase of any Qualifying Asset.

12) We have selected some Debtors and Creditors on random basis to which confirmation letters have been sent, out of which some have confirmed the balance. Those who have confirmed, out of them all are tallying with balance as per books.

13) AS - 15 Accounting For Retirement Benefits in Financial Statements of Employees:

Employee benefits are not classified into short-term benefits, Post employment benefits and termination benefits.

There is no VRS expenses incurred during the year.

There is no provision made for retirement Benefits in books of accounts.

14) Anklashwar Unit is sold but still Cess, Modvate & Other excise balance is pending in the books of accounts.