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NOTES TO ACCOUNTS

Aadi Industries Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 1.03 Cr. P/BV -0.14 Book Value (₹) -7.19
52 Week High/Low (₹) 2/1 FV/ML 10/1 P/E(X) 0.00
Bookclosure 27/09/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2014-03 
1 a. Details of Shareholding as at March 31, 2014 Shareholders holding more than 5% of Equity Shares:

* 24,86,430 (PY: 21,91,639) Equity Shares of Rs.10/- each held by Mr.Rushabh Shah.

b. Each Equity Share is entitled to one voting right only.

c. In the event of liquidation of the company, the holders of equity shares will be entitled to receive assets remaining, after distribution of all preferential amounts.

2. [a] Loan from Directors would not be recalled before end of one year from 31st March, 2014.

[b] As there is no schedule for repayment in the interim period, the company has not defaulted.

3. CONTINGENT LIABILITIES & COMMITMENTS:

As informed to me by the Management, there are no contingent liabilities in the under considerat:

4. Foreign exchange loss (net) of Rs. NIL/- (Previous year Rs. NIL/-) has been included in respective heads of the Statement of Profit and Loss.

5. SEGMENT REPORTING :

There are no segments in the year under consideration; hence there is nothing to report under this clause.

Note: Related Parties Relationship is as identified by the company and relied upon by the Figures in the brackets represent previous year figures.

6. There are no leases in the year under consideration.

7. During the year under consideration, the management has represented that the inventory lying in the Factory Premises which was within the possession of the Bank has been lost.

However, there has been no correspondence/documents produced before us stating the above fact.

8. The Balances of Sundry Debtors, Creditors, Deposits and Loans & Advances are accepted as appearing in the Ledger Accounts and subject to confirmation from individual parties concerned, due adjustments, if any will be made there on. Management is confident of receiving all the sums due. The provisions for all known liabilities and for depreciation is adequate and not in excess of the amounts reasonably necessary.

9. In the opinion of the board the current assets, loans and advances are approximately of the values stated in the Balance Sheet, realized in the ordinary course of business.

10. In the absence of declaration from sundry creditors / suppliers with regard to their status as SSI Undertaking wherever appropriate, it is not possible to determine the amount, payable to sundry creditors falling within the meaning of SSI Undertaking.

11. Disclosure under Micro, Small and Medium Enterprises development Act, 2006. The Company has not received any memorandum ( as required to be filed by the suppliers with notified authority under the Micro, Small and Medium Enterprises development Act, 2006) claiming their status as micro, small and medium enterprises. Consequently the amount paid/payable to these parties during the period under review is NIL.

12. Previous Year Figures have been regrouped & reclassified/rearranged wherever necessary.

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