Mar 31, 2017
1. Terms/ Rights attached to the Shares :
The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividends in Indian Rupees.
In the event of Liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferred amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
2: Related party Disclosure
3. Name of the Related party and nature of relationship
4. Associate Enterprises
- M/s Caffil Private Limited
- M/s Amichem
- M/s Erca Specialty Chemicals Pvt. Ltd
5. Key Management Personnel
- Mr. Amit Patel (Managing Director)
- Mr. Aditya Patel (Joint Managing Director)
6. Commitments
Estimated amount of contract remaining to be executed on capital Account and not provided for Rs.1.25 Cr. (P.Y.Rs. 1.50 Cr.)
7. The records of the ROC shows an open charges on the assets of the company of Rs.40.00 lakhs of Dena Bank. The said charge has been closed by the Company but the same has get not been cancelled by Dena Bank. The Company has been vigoverosuly following up with the said Bank to complete the cancellation.
8 : Consolidated financial statement
The Company has one Associate concern,M/s. Erca Specialty Chemicals Private Ltd., The Accounts of the said Associate have been consolidated with standalone financial and part and parcel of this statement.
Note : The above information has been compiled by the company on the basis of information made available by vendors during the year 2012
9: The excise duty payable if any on finished goods held in the factory is neither included in expenditure nor valued in such stock but is accounted for on clearance of goods from factory. This accounting treatment has no impact on profits.
10: Sundry Debtors and Loans and Advances are subject to confirmation.
11: Segment Information has not been given as the Company does not have any segment.
Mar 31, 2016
Note 1 : Related party Disclosure
2. Name of the Related party and nature of relationship
3. Associate Enterprises
4- M/s Caffil Private Limited
4- M/s Amichem
6- M/s Erca Specialty Chemicals Pvt. Ltd
7. Key Management Personnel
8- Mr. Amit Patel (Managing Director)
9- Mr. Aditya Patel (Joint Managing Director)
Note 10 : Commitments
Estimated amount of contract remaining to be executed on capital Account and not provided for Rs.1.50 CR. (P.Y.Rs. 25 Lakhs)
Note 11 :
The records of the ROC shows an open charges on the assets of the Company of Rs. 40.00 lakhs of Dena Bank. The said charge has been closed by the Company but the same has get not been cancelled by Dena Bank. The Company has been vigoverosuly following up with the said Bank to complete the cancellation.
Note 12 : Consolidated financial statement
The Company has one Associate concern,M/s. Erca Speciality Chemicals Private Ltd., The Accounts of the said Associate have been consolidated with standalone financial and part and parcel of this statement.
Note 13: The above information has been compiled by the Company on the basis of information made available by vendors during the year 2012
Note 14 : The excise duty payable if any on finished goods held in the factory is neither included in expenditure nor valued in such stock but is accounted for on clearance of goods from factory. This accounting treatment has no impact on profits.
Note 15 : Sundry Debtors and Loans and Advances are subject to confirmation.
Note 16: Segment Information has not been given as the Company does not have any segment.
Mar 31, 2015
Note 1: As per requirement of Companies Act, 2013, the Company has
re-assessed the remaining useful life of the fixed assets taking into
consideration the useful life prescribed in Schedule II of the Act.
This has resulted in lower charge of depreciation of Rs. 23.60 lacs for
the year. Further the written down value of the Assets of Rs. 18.72
Lacs as on 1st April, 2014, whose residual life is exhausted, has been
adjusted against Reserves and Surplus.
Note 2: Related party Disclosure
I) Name of the Related party and nature of relationship
A. Associate Enterprises
- M/s Caffil Private Limited
- M/s Amichem
- M/s Erca Speciality Chemicals Pvt. Ltd ( Joint Venture Company)
B. Key Management Personnel
- Mr. Amit Patel (Managing Director)
- Mr. Aditya Patel (Joint Managing Director)
* Excluding Provision for Gratuity & Leave encashment as the acturial
valuation is done on the overall Company basis
Note 3: Contingent Liabilities
PARTICULARS As at As at
31/03/2015 31/03/2014
1 Outstanding Letters of Credit 1,159,152 8,494,584
2 Outstanding Bank Guarantee 1,850,000 1,700,000
3,009,152 10,194,584
Note 4 : Commitments
Estimated amount of contract remaining to be executed on capital
Account and not provided for Rs.25 Lakhs (P.Y. Rs. 100 Lakhs)
Note 5 : Disclosure of Interest in Joint Venture / Associate.
Details of Company's interest in its Joint Venture, having joint
control, as per the requirement of Accounting Standard (AS) - 27 on
"Financial Reporting of Interest in Joint Ventures" notified under the
Companies (Accounting Standard) Rules, 2006, are as under:
Note 6 : Consolidated finanacial statement
The Company has one Joint Venture / Associate concern..M/s. Erca
Speciality Chemicals Private Ltd., The Company is exempted from
preperation of consolidated financial statement under rule 6 of the
companies (Accounts) Rules 2014 as amended by Notication dated 14th
October 2014.
Note : The above information has been compiled by the Company on the
basis of information made available by vendors during the year 2012
Note : 7 The excise duty payable if any on finished goods held in the
factory is neither included in expenditure nor valued in such stock
but is accounted for on clearance of goods from factory. This accounting treatment has no impact on profits.
Note : 8 Sundry Debtors and Loans and Advances are subject to
confirmation.
Note : 9 Segment Information has not been given as the Company does
not have any segment.
Note : 10 Earnings per Share as my/our proxy to attend and vote
(on a poll) for me/us and on my/our behalf at the 23rd Annual General
Meeting of the Company, to be held on Friday, the 21st day of August,
2015 at 10.00 A.M. at Plot No.E-4, M.I.D.C. Tarapur, Boisar, Dist:
Palghar - 401 506 and at any adjournment thereof in respect of such
resolutions as are indicated below:
Note : This form of proxy in order to be effective should be duly
completed and deposited at the Registered Office of the Company, not
less than 48 hours before the commencement of the Meeting.
Mar 31, 2014
Note 1:
Related party Disclosure
I) Name of the Related party and nature of relationship
A. Associate Enterprises
- M/s Caffil Private Limited
- M/s Amichem
- M/s Erca Speciality Chemicals Pvt. Ltd (Joint Venture Company)
B. Key Management Personnel
- Mr. Sishir Amin (Managing Director)
- Mr. Amit Patel (Executive Chairman)
- Mr. Aditya Patel (Joint Managing Director)
Note 2:
Contingent Liabilities
PARTICULARS As at As at
31/03/2014 31/03/2013
1 Esti mated amount of Arrears on account
of revision of Wages for Factory workers
pending settlement with the Union - -
2 Outstanding Letters of Credit 8,494,584 5,276,688
3 Outstanding Bank Guarantee 1,700,000 25,000
10,194,584 5,301,688
Note 3: Commitments
Estimated amount of contract remaining to be executed on capital
Account and not provided for Rs. 100 Lakhs (P.Y. Rs. 100 Lakhs)
Note 4:
The excise duty payable if any on finished goods held in the factory is
neither included in expenditure nor valued in such stock but is
accounted for on clearance of goods from factory. This accounting
treatment has no impact on profits.
Note 5:
Sundry Debtors and Loans and Advances are subject to confirmation.
Note 6:
Segment Information has not been given as the Company does not have any
segment.
Mar 31, 2013
Note 1:
Related party Disclosure
I) Name of the Related party and nature of relationship
A. Associate Enterprises
- M/s Caffil Private Limited
- M/s Amichem
- M/s Erca Speciality Chemicals Pvt. Ltd (Joint Venture Company)
B. Key Management Personnel
- Mr. Sishir Amin (Managing Director)
- Mr. Amit Patel (Executive Chairman)
- Mr. Jayant Patel (Expired on 1-6-2012)
- Mr. Aditya Patel (Appointed on 14-08-2012)
Note 2: Commitments
Estimated amount of contract remaining to be executed on capital
Account and not provided for Rs. 100 Lakhs (P.Y.Rs. 100 Lakhs)
Note 3:
Disclosure of Interest in Joint Venture
Details of Company''s interest in its Joint Venture, having joint
control, as per the requirement of Accounting Standard (AS) - 27 on
"Financial Reporting of Interest in Joint Ventures" notified under the
Companies (Accounting Standard) Rules, 2006, are as under:
Note 4 :
The excise duty payable if any on finished goods held in the factory is
neither included in expenditure nor valued in such stock but is
accounted for on clearance of goods from factory. This accounting
treatment has no impact on profits.
Note 5 :
Sundry Debtors and Loans and Advances are subject to confirmation.
Note 6 :
Segment Information has not been given as the Company does not have any
segment.
Mar 31, 2012
A) Terms/ Rights attached to the Shares :
The Company has only one class of equity shares having a par value of
Rs.10 per share. Each holder of equity share is entitled to one vote
per share. The company declares and pays dividends in Indian Rupees.
In the event of Liquidation of the Company, the holder of equity shares
will be entitled to receive remaining assets of the company, after
distribution of all preferred amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
* Based on the information available with the Company in respect of
Micro, Small & Medium Enterprises (as defined in The Micro, Small &
Medium Enterprises, Development Act, 2006'). The Company is generally
regular in making payments of dues to such enterprises. Hence the
question of payment of interest or provision therefore towards belated
payments does not arise.
# As at the year end there is no amount due for payment to the Investor
Education & Protection Fund under Section 205C of the Companies Act,
1956.
* As required by Accounting Standard 15 Employees Benefits (AS-15), the
disclosures are as under:
A) Defined Contribution Plans
a) The company makes Contribution to Provident fund and employees
pension scheme to Defined Contribution plan for qualifying employees.
Under the schemes the company is required to contribute a specified
percentage of the payroll costs to fund the benefits
The principle plan assets consists of a scheme of insurance taken by
the trust, which is a qualifying policy. Breakdown of individual
investments that comprise the total plan assets is not supplied by the
insurer '
Note 1:
Related party Disclosure
I) Name of the Related party and nature of relationship
A. Associate Enterprises
- M/s Caffil Private Limited
- M/sAmichem
- M/s Erca Specialty Chemicals Pvt. Ltd (Joint Venture Company)
B. Key Management Personnel
- Mr. Sishir Amin (Managing Director)
- Mr. Amit Patel (Executive Chairman)
- Mr. Jayant Patel (Expired on 1-6-2012)
- Mr. Aditya Patel (Appointed on 14-08-2012)
Note 2:
Commitments
Estimated amount of contract remaining to be executed on capital
Account and not provided for Rs. 100 Lakhs (P.Y.Rs. 100 Lakhs) Note 30:
Disclosure of Interest in Joint Venture
Details of Company's interest in its Joint Venture, having joint
control, as per the requirement of Accounting Standard (AS) -27 on
"Financial Reporting of Interest in Joint Ventures" notified under the
Companies (Accounting Standard) Rules, 2006, are as under:
Note 3 :
The Company has not made provision for impairment, if any, in the
carrying amount of assets as the same is not ascertained.
Note 4 :
The excise duty payable if any on finished goods held in the factory is
neither included in expenditure nor valued in such stock but is
accounted for on clearance of goods from factory. This accounting
treatment has no impact on profits.
Note 5:
Sundry Debtors and Loans and Advances are subject to confirmation.
Note 6:
Segment Information has not been given as the Company does not have any
segment.
Mar 31, 2010
1) The Company has not made provision for impairment, if any, in the
carrying amount of assets as the same is not ascertained.
2) Estimated amount of contract remaining to be executed on capital
Account and not provided for Rs.100 Lakhs (P.Y.Rs. 100 Lakhs)
3) The stock in trade at the year end is as per inventories taken,
valued and certified by the management.
4) Depreciation provided in the accounts is calculated on the straight
line method basis as per the provisions of section 205(2)(e) of the
Companies Act 1956 at the rates specified in schedule XIV of the said
Act.
5) The excise duty payable if any on finished goods held in the factory
is neither included in expenditure nor valued in such stock but is
accounted for on clearance of goods from factory. This accounting
treatment has no impact on profits.
6) Sundry Debtors and Loans and Advances are subject to confirmation.
7) Contingent Liabilities not provided for : Rs. Nil (P.Y. Rs. Nil)
8) The Company has not received any information from vendors regarding
their status under Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosures relating to amounts unpaid as at the year
end together with interest paid / payable under this Act have not been
given.
9) Segment Information has not been given as the Company does not have
any Segment.
10) Basic and diluted earning per share has been calculated by dividing
net profit after taxation for the year by 60,00,000 (60,00,000) equity
shares of nominal value of Rs.10/- each outstanding as on March 31,
2010
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