1. Estimated amount of Contract remaining to be executed on capital
account (Factory at TADA Andhra Pradesh) and not provided for is Rs 366
lakhs. PY (Nil).
2. As per the information and explanation provided by the company
none of the suppliers of the company are micro enterprises or small
enterprises under the Micro, Small and Medium Enterprises Development
Act, 2006. Therefore the disclosures under section 22 of the said act
are not necessary.
3. Amount due and outstanding to be credited to the Investor
Education and protection fund Rs. NIL (P.Y.467853/-).
4. Pursuant to the enactment of Companies Act 2013, the company has
applied the estimated useful lives as specified in Schedule II.
Accordingly the unamortized carrying value is being depreciated over
the remaining useful lives. The transitional depreciation bn fixed
assets as at Ist April 2014,amounting to Rs 33,58,252/- has been
debited to Profit & Loss appropriation account and the current year
depreciation of Rs II ,78,744/- has been charged to profit and loss
account.
5. The Company's main activity of business is manufacturing and
marketing of cotton canvas. All other activity revolve around this main
business, hence there are is no separate segment within the company as
defined by 'AS 17 - SEGMENT REPORTING'.
6. Related party disclosures
Key Management Personnel & relative
Ajeet Kumar Bhandari
Anil Kumar Bhandari
Klix Brainotech
Krishna Kumar Bhandari
Ajeet Kumar Huf
Krishna Tarpaulin Industries Pvt Ltd
Rudraaksh Textiles India LLP
7. Previous year figures have been regrouped/ rearranged wherever
necessary to make them Comparable with the current year figures.
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