| 1. Capital commitment for Purchase of Fixed Assets amounting to Rs,
25,75,074/-(Previous Year Rs, 63,89,625/-).
2. Depreciation:
Effective from 01.04.2014, the Company has adopted the useful lives of
its Tangible Fixed Assets as per Part C of Schedule II of the Companies
Act, 2013 and provided depreciation accordingly.
In respect of assets of which the remaining useful lives have been
exhausted as on April 1, 2014, the carrying amount of assets after
retaining residual value, amounting to Rs, 0.59 lacs (Net of Deferred Tax
Credit of Rs, 0.29 lacs) has been recognized in the opening balance of
General Reserve.
The provision of depreciation in terms of Companies Act 2013 as
aforesaid has resulted in lower provision by Rs, 4.20 lacs for the year
as compared to the provision in terms of erstwhile Companies Act, 1956.
3. Detail of Loan given Under Section 186 (4) of the Companies Act.2013
Long-Term Loans and Advances Include Loan given @ 18% p.a. to Gei
Industrial Systems Ltd. Amounting to Rs,.0.91 Crore (Previous year Rs,.
1.09 Crore) due for repayment.
Short-Term Loans and Advances includes Loan given @ 15% p.a. to
Videocon Industries limited Rs,.1 Crore (Previous Year Rs,.Nil) & Mr.
N.Murkumbi amounting to Rs,.3 Crore (Previous Year Rs,.4 Crore) both due
for repayment within 1 year
4. The provisions of Accounting Standard 15 (Revised) on "Employee
Benefits" are not applicable to the Company except for Leave
Encashment. However, the Company does not allow any accumulation of
leave and employees are allowed to encash it on or after 31st March of
every year.
5. Segment Reporting:
The Company has disclosed Business Segment as the primary segment. The
Company operates two business segments: Trading & Power Generation.
Business Segments have been identified as reportable primary segments
in accordance with Accounting Standard - 17 issued by the Institute of
Chartered Accountants of India, taking into account the nature of
products, risks and returns, organization structure and internal
reporting system.
6. Disclosure in respect of related parties as defined in Accounting
Standard - 18 wherein transactions have taken place during the year are
given below:
Key Management Personnel & Relatives:
Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs.
M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr.
Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).
7. Earnings Per Share (EPS)
The earnings per share have been computed in accordance with the
'Accounting Standard 20 - Earnings per Share.
8. Expenditure incurred in foreign currency for foreign travelling of
Rs, 19,69,657/- (Previous Year Rs, 8,32,306/-).
9. In the opinion of the Board, current assets, loans and advances
have a value on realization at least equal to the amount at which they
are stated in the accounts.
10. Debtors & Creditors balances are subject to confirmation.
Adjustments if any, will be made in the accounts on the receipt of such
confirmations.
11. Previous year figures have been regrouped, reworked, reclassified &
rearranged wherever necessary
|