Natural Vanaspati Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2014

1. Contingent Liabilities

(a) Claims against the Company not acknowledged as debts Rs. 432.75 lakhs (previous year Rs. 432.75 lakhs Loans and advances include Rs. 95.71 lakhs (previous year Rs. 95.71 lakhs) paid by the company in connection with the aforesaid claims.

2. Depreciation has been provided on straight line method as per Schedule XIV of the Companies Act, 1956 from the month the assets are put to use. The revised rates specified in Schedule XIV of the Companies Act,1956 vide notification No. GSR 756(E) dt. 16.12.1993 of the Department of Company Affairs, Government of India, New Delhi are adopted.

3. Remuneration to Auditors comprises of Rs. 12,500/- for Audit fees (previous year Rs. 17,500/-) Rs. 5,000/- for Tax Audit (previous year Rs. 5,000/-) Rs. 12,500/- for Company Law and Tax Matters (previous year Rs. 17,500/-) and Rs. Nil for reimbursement of expenses (previous year Rs. Nil).

4. Term Loan from L.I.C. includes interest accrued and due to Rs. Nil (previous year Rs. 9,28,843/-).

5. Deferred tax:

Deferred tax has been provided in accordance with Accounting Standard 22 Accounting for taxes on income issued by the Institute of Chartered Accountants of India. The deferred tax liability has been provided on timing difference of depreciation.

6. Segment Reporting (AS 17)

(i) The Company operates predominantly only in one business segment, viz. Edible Oils which is the primary segment.

(ii) The sales of the company are in India only and there are no reportable geographical segments.

(iii) In respect of the above parties, there is no provision for doubtful debts as on 31 st March, 2014 and no amount has been written off or written back during the year in respect of debts due from/to them.

7. In the absence of necessary information from the suppliers, relating to their registration status under the Micro, small and Medium Enterprises Development Act, 2006, the information required under the said Act could not be compiled and disclosed.

8. Previous year''s figures have been regrouped wherever necessary.

---

Mar 31, 2013

1 Contingent Liabilities

(a) Claims against the Company not acknowledged as debts Rs. 432.75 lakhs (previous year 625.43 lakhs Loans and advances include Rs. 95.71 lakhs (previous year 95.71 lakhs) paid by the company in connection with the aforesaid claims.

2 Depreciation has been provided on straight line method as per Schedule XIV of the Companies Act, 1956 from the month the assets are put to use. The revised rates specified in Schedule XIV of the Companies Act,1956 vide notification No. GSR 756(E) dt. 16.12.1993 of the Department of Company Affairs, Government of India, New Delhi are adopted.

3 Remuneration to Auditors comprises of Rs. 17,500/- for Audit fees (previous year Rs. 17,500/-) Rs. 5,000/- for Tax Audit (previous year Rs. 5,000/-) Rs. 17,500/- for Company Law and Tax Matters (previous year Rs. 17,500/-) and Rs. Nil for reimbursement of expenses (previous year Rs. Nil).

4 Term Loan from L.I.C. includes interest accrued and due toRs. 9,28,843/-(previous year f 2,90,920/-).

5 Deferred tax:

Deferred tax has been provided in accordance with Accounting Standard 22 Accounting for taxes on income issued by the Institute of Chartered Accountants of India. The deferred tax liability has been provided on timing difference of depreciation.

6 Segment Reporting (AS 17)

(i) The Company operates predominantly only in one business segment, viz. Edible Oils which is the primary segment.

(ii) The sales of the company are in India only and there are no reportable geographical segments.

(iii) In respect of the above parties, there is no provision for doubtful debts as on 31 st March, 2013 and no amount has been written off or written back during the year in respect of debts due from/to them.

(iv) The significant transactions during the year with related parties are as under:

a. Navdurga Enterprises Purchase of Goods Rs. 6,34,48,875

b. Sri Umesh Kedia (KMP) Remuneration Rs. 5,37,360 * includes Provident Fund Rs. 9,360/-

7 In the absence of necessary information from the suppliers, relating to their registration status under the Micro, small and Medium Enterprises Development Act, 2006, the information required under the said Act could not be compiled anddisclosed.

8 Previous year''s figures have been regrouped wherever necessary.

---

Mar 31, 2012

1 Contingent Liabilities

(a)Claims against the Company not acknowledged as debts Rs.625.43 lakhs (previous year 625.43 lakhs) Loans and advances include Rs. 95:71 lakhs (previous year 86.06 lakhs) paid by the company in connection with the aforesaid claims.

2 Depreciation has been provided on straight line method as per Schedule XIV of the Companies Act, 1956 from the month the assets are put to use. The revised rates specified in Schedule XIV of the Companies Act,1956 vide notification No. GSR 756(E) dt. 16.12.1993 of the Department of Company Affairs, Government oflndia, New Delhi are adopted.

3 Remuneration to Auditors comprises of Rs.22,500/- for Audit fees (previous year Rs. 17,500/-) Rs. Nil for Tax Audit (previous year Rs. 5,000/-) Rs. 17,500/- for Company Law and Tax Matters (previous year Rs. 17,500/-) and Rs. Nil for reimbursement of expenses (previous year Rs. 1060/-).

4 Term Loan from L.I.C. includes interest accrued and due to Rs.2,90,920/- (previous year Rs. 11,616/-).

5 Deferred tax:

Deferred tax has been provided in accordance with Accounting Standard 22 Accounting for taxes on income issued by the Institute of Chartered Accountants of India. The deferred tax liability has been provided on timingdifference of depreciation.

6 Segment Reporting (AS 17)

(i) The Company operates predominantly only in one business segment, viz. Edible Oils which is the primary segment.

(ii)The sales of the company are in India only and there are no reportable geographical segments.

7 Related party disclosures (as identified by the management) as per accounting standard 18 are given below: (i)Details of transactions withrelated parties:



(In Rupees)

Nature of Transactions Associates Key Relatives of Other related Total Management Key Parties Personnel Management Total (ORP) (KMP) Personnell (R)

Receiving of Services -- 5,37,360 -- -- 5,37,360

(--) (5,33,360) (-) (-) (5,33,360)

Purchases of Goods -- (1,03,22,014) (-) (-) (1,03,22,014)

SaleofGoods -- (7,53,79,864) (-) () (7,53J9,864)



(ii)Names of related parties, description of relationship and outstanding as on 31st March, 2012:

Related Party Relationship Balence as on 31st March, 2012

a. Key Management Personnel

Shri Umesh Kedia Managing Director Rs.7,26,593 (Cr)

Shri Pankaj Kedia Director Rs.1,56,800 (Cr)

Shri Ravi Agarwal Director Rs.1,41,433 (Cr)



b. UKG Trade Links Directors are interested Rs. 5,80,78,161 (Cr) Navdurga Enterprises Directors are interested Rs. 5,38,79,047 (Dr)



(iii) In respect of the above parties, there is no provision for doubtful debts as on 31 st March, 2012 and no amount has been written off or written back during the year in respect of debts due from/to them.

(iv) The significant transactions during the year with related parties are as under:

a. Sri Umesh Kedia (KMP) Remuneration Rs. 5,37,360 includes Provident Fund Rs. 9,360/-

8. Earnings Per Share - The numerator and denominator used to calculate Basis/Diluted Earning per Share:

31st March, 2012 31st March, 2011

(I) Amount used as the numerator : Profit/(Loss) after tax (60,69,808) (34,79,124)

(ii) Basic/weighted average number of 29,48,500 29,48,500 Equity shares used as the denominator

(iii) Nominal value of equity shares 10 10

(iv)Basic/diluted earning per share (2.06) 1.18

9 In the absence of necessary information from the suppliers, relating to their registration status under the Micro, small and Medium Enterprises Development Act, 2006, the information required under the said Act could not be compiled and disclosed.



31st March,2012 31st March, 2011

10 Miscellaneous income includes

Lease Rent 12,00,000 9,30,000

12,00,000 9,30,000



11 Previous year's figures have been regrouped wherever necessary.

---

Mar 31, 2011

1. Contingent Liabilities

(a)Claims against the Company not acknowledged as debts Rs.625.43 lakhs (previous year 626.54 lakhs) Loans and advances include Rs. 86.06 lakhs (previous year 86.06 lakhs) paid by the company in connection with the aforesaid claims. ^

2. Depreciation has been provided on straight line method as per Schedule XIV of the Companies Act, 1956 from the month the assets are put to use. The revised rates specified in Schedule XIV of the Companies Act, 1956 vide notification No. GSR 756(E) dt. 16.12.1993 of the Department of Company Affairs, Government of India, New Delhi are adopted.

3. Remuneration to Auditors comprises of Rs. 17,500/- for Audit fees (previous year Rs. 17,500/-) Rs. 5,000/- for Tax Audit (previous year Rs. 5,000/-) Rs. 17,500/- for Company Law and Tax Matters (previous year Rs. 17,500/-) and Rs. 1060/- for reimbursement of expenses (previous year Rs. 50/-).

4 Term Loan from L.I.C. includes interest accrued and due Rs. 11,6161- (previous year Rs. 2,24,651/-).

5 Deferred tax:

Deferred tax has been provided in accordance with Accounting Standard 22 Accounting for taxes on income issued by the Institute of Chartered Accountants of India. The deferred tax liability has been provided on timing difference of depreciation.

6 Segment Reporting (AS 17)

(i) The Company operates predominantly only in one business segment, viz. Edible Oils which is the primary segment.

(ii)The sales of the company are in India only and there are no reportable geographical segments.

7 In the absence of necessary information from the suppliers, relating to their registration status under the Micro, small and Medium Enterprises Development Act, 2006, the information required under the said Act could not be compiled and disclosed

8 Previous year's figures have been regrouped rearranged wherever necessary.

---

Mar 31, 2010

1 Contingent Liabilities

Claims against the Company not acknowledged as debts Rs.626.54 lakhs (previous year 502.62 lakhs) Loans and advances include Rs. 86.06 lakhs (previous year 86.06 lakhs) paid by the company in connection with the aforesaid claims.

2 Consignment Sales included in the Sales figures is net of consignees expenses of Rs.0.82 lakhs (previous year Rs. 0.27 lakhs)

3 Goods sent on consignment to one agent during the year 1982 of Rs. 1.26 lakhs. The Agents contention of non receipt of goods was upheld by the court. The amount of Rs. 1.26 lakhs, deleted from sotck and charged to profit and loss account.

4 Depreciation has been provided on straight line method as per Schedule XIV of the Companies Act, 1956 from the month the assets are put to use. The revised rates specified in Schedule XIV of the Companies Act, 1956 vide notification No. GSR 756(E) dt. 16.12.1993 of the Department of Company Affairs, Government of India, New Delhi are adopted.

5 Arul Mariamman Textiles Ltd. and our company had reached a mutual understanding and withdrawn the cases filed against each other. The relevant asset (wind Electricity Generators) has been transferred to the partys account and the remaining credit balance shown under miscellaneous income.

6 The Companys won cases in I.T.A.T regarding wind mill depreciation for the assessment years 1996-97 and 1997 -98 has been allowed. The Income Tax Department has refunded the Taxes paid in this regard along with interest of Rs. 38,48,588/-

7 Remuneration to Auditors comprises of Rs. 17,500/- for Audit fees (previous year Rs. 17,500/-) Rs. 5,000/- for Tax Audit (previous year Rs. 5,000/-) Rs. 17,500/- for Company Law and Tax Matters (previous year Rs. 17,500/-) and Rs.50/- for reimbursement of expenses (previous year Rs. 2,275/-).

8 Term Loan from L.I.C. includes interest accrued and due of Rs.2,24,651/- (previous year Rs. 8,40,280/-).

9 Packing and Selling expenses include brokerage on sales of Rs.13,441/- (previous year Rs. 67,590/-) and commission to consignees Rs.87,500/- (previous year Rs. 29,506/-)

10 Deferred tax:

Deferred tax has been provided in accordance with Accounting Standard 22 Accounting for taxes on income issued by the Institute of Chartered Accountants of India. The deferred tax liability has been provided on timing difference of depreciation.

11 Segment Reporting (AS 17) I:

(i) The Company operates predominantly only in one business segment, viz. Edible Oils which is the primary segment. ;

(ii) The sales of the company are in India only and there are no reportable geographical segments.

(iii) The significant transactions during the year with related parties are as under:

(iv) In respect of the above parties, there is no provision for doubtful debts as on 31st March, 2010 and no amount has been written off or written back during the year in respect of debts due from/to them.

12 Earnings Per Share - The numerator and denominator used to calculate Basis/Diluted Earning per Share:

13(a) Sundry Creditors include Rs. 1,09,467/- (previous year Rs. 3,08,545/-) due to small scale industrial undertakings on the basis of information available with the company. Such units to whom the company owes a sum which is outstanding for more than 30 days at the Balance Sheet date is M/s Netu Metal Industries and M/s Sri Krishna Mineral Trading Company.

(b) In the absence of necessary information from the suppliers, relating to their registration status under the Micro, small and Medium Enterprises Development Act, 2006, the information required under the said Act could not be compiled and disclosed.

14 Previous years figures have been regrouped wherever necessary.