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NOTES TO ACCOUNTS

BJ Duplex Boards Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 8.00 Cr. P/BV -5.21 Book Value (₹) -3.12
52 Week High/Low (₹) 16/8 FV/ML 1/1 P/E(X) 0.00
Bookclosure 26/12/2020 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2000-03 
1. In accordance with the accounting policy followed by the Company, the estimated liability as at 31st March 2000 amounting to Rs. 0.01 lacs (Previous year Rs. 1.96 lacs) for excise duty in respect of closing stock of goods manufactured in bonded house has not been provided for in the accounts and hence not included in the valuation of inventory. This accounting treatment has no impact on the Profit & Loss of the current financial year.

2. Contingent liabilities (Not provided for):- Amt. in Rs.

                                   Current Year        Previous Year

Outstanding bank guarantees         1.25 lacs            1.25 lacs

Letter of Credit                   40.00 lacs           50.00 lacs
3. In view of She technological advancement in paper Industry/status of Plant & Machinery of the Company and other commercial considerations. In respect of plant and machinery the method of depreciation has now been changed from straight line method to written down value method at the rates and in the manner specified under schedule XIV (as amended to She Companies Act, 1956 in accordance with note no 1.

(iv) of significant accounting policies, In compliance with the Accounting Standard-6 issued by the institute of chartered Accountants of India the depreciation is recomputed from the date of commissioning of the plant and machinery. There is an additional charge of depreciation in respect of prior periods amounting to Rs.1,54,78,910/- Due to this change for the current year the charge of depreciation is higher by a sum of Rs. 35,19,967/-. Overall the accumulated depreciation would have been lower by a sum of Rs.1,89,98,878/- and the net block of plant and machinery would have been higher by this sum has the method of depreciation remained the same.

4. During the year there was major fire in the factory premises resulting in loss of raw material estimated at Rs. 2.00 Crore (app) The company has filed an insurance claim with the insurers however, no provision is made in respect of insurance claim receivable, as the claim is not settled till the date of finalisation of this Balance Sheet

5. In the opinion of the Board of directors and to their knowledge and belief the value on realisation of current assets and other loans and advances will not be less than the amount at which they are stated in the Balance Sheet.

6. Amount due to the Small Scale and Ancillary undertaking could not be identified from the available information.

7. Personal accounts are subject to confirmation/reconciliation

8. Previous year figures are regrouped/rearranged wherever considered necessary

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