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NOTES TO ACCOUNTS

Axel Polymers Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 3.96 Cr. P/BV 2.05 Book Value (₹) 4.49
52 Week High/Low (₹) 18/8 FV/ML 10/1 P/E(X) 8.46
Bookclosure 27/09/2019 EPS (₹) 1.09 Div Yield (%) 0.00
Year End :2015-03 
1. The secured term loans are secured against

Particulars                                    Security
1. Term loan 1 @15.75% - Personal Guarantee of Directors

2. Working Capital Term Loan - Equitable Mortgage of: @10.50%

3. Funded Interest Term Loan a) Company's property at Moxi, Savli I @9.50%

4. Funded Interest Term Loan     b)Residential property at Gautam nagar
   II @9.50%                        &JeevanJyotsoc Lalbaug Vadodara

                                    - First charge on all Fixed assets

2. Contingent Liability
                                                               Rs, lacs

PARTICULARS                 AS AT 31.03.2015            AS AT31.03.2014

Income Tax                         10.83                       10.51

3. The company has not received any intimation from the suppliers regarding their status under the Micro, Small and Medium enterprise development Act 2006 and hence disclosures, if any relating to amounts unpaid as at year end together with interest payable as required under the said Act have not been given.

4. Balances of sundry Receivables, Payables, Loan and Advances are subject to confirmation and Cash Balances are verified by the Management of the company.

5. Disclosure of related party transaction as required by Accounting Standard -18 issued by the Institute of Chartered Accountants of India:

Key Management Personnel and their relatives as on 31.03.2015 are as under

Relationship Name

Whole-time Director                             Mr B.K.Bodhanwala

Managing Director                               Mr A.B.Bodhanwala

Non-Executive Director                          Dr M.A.Bodhanwala

Additional Director                             Mr.G.S.Thanky

Company in which Director is interested         Dhara Petrochemicals R
                                                Ltd
Firm in which director is interested VR Industries

Note: Related parties and their relationship is as identified by Management and relied upon by the auditors.

6. Previous year's figures have been regrouped, rearranged or recast wherever necessary.

7. EXPENDITURE/EARNINGS IN FOREIGN CURRENCY: NIL (P.Y. Nil)

8. Excise Duty shown under 'expenditure' (note 2.21) represents the aggregate of excise duty borne by the Company and difference between excise duty on opening and closing stocks of finished goods.

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