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NOTES TO ACCOUNTS

Asahi Industries Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 33.82 Cr. P/BV -1.58 Book Value (₹) -3.21
52 Week High/Low (₹) 6/4 FV/ML 1/100 P/E(X) 0.00
Bookclosure 28/09/2018 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2015-03 
1. Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with the Income Tax Act, 1961.

2. There is no payment due to small scale industries.

e. Sales Tax Department has raised a demand (including interest) of Rs.49,14,000 (Rupees Forty Nine Lacs Fourteen Thousand Only) in respect of Sales Tax exemption granted to the Company for the years 1996-97, 1997- 98 and 1998-99. No provision for the said liability is made in the books of accounts and the Company has preferred an Appeal against the said Order which is pending. The Company has made an Application to the Government of Gujarat for granting reliefs as per directions of Hon'ble BIFR.which is pending before High Power Committee of Government of Gujarat.

3. Deferred tax Assets/ Liabilities has been provided in a accordance with the Accounting Standard-22 - "Accounting for taxes on income" issued by the ICAI applicable with effect from 1st April 2001.The Deferred tax Assets/(Liabilitiies) as on 31st March, 2015 amounting to 153.43 Lacs is the tax on the difference between the book depreciation and tax depreciation.

4. Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

5. The figures of the previous year are regrouped /rearranged whenever necessary to correspond with current year figure.

6. 1..AS-18 Related Party Disclosure: Nil

Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence;- Nil

ii) Key Management Personnel: a. Narayan Ghumatkar - Managing Director

iii) Relative of Key Management Personnel:- Nil

7. a Value of Imports of CIF basis in 2014-2015 2013-2014 respect of: 

Capital Goods                                  Nil             Nil


Stores & Spares                                Nil             Nil
b Expenditure in Foreign Currency on Account Of: 

Interest in rupee on foreign Currency          Nil             Nil
Loans payable


c .  F.O.B. Value of Exports                   Nil            Nil.
8. Contingent Liabilities and Commitments (to the extent not provided for) : 

                                                          (Rs.in Lacs)


Particular                           As at 31st             As at 31st
                                     March 2015             March 2014
(i) Contingent Liabilities :

(a) Claims against the company not acknowledge as debt

(b) Guarantees

(i) Bank Guarantee

(ii) Corporate Guarantee Given : 

(c ) Other money for which the         12895.00               12895.00


company is contingently liable :
                                         550.00                 550.00
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