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NOTES TO ACCOUNTS

Zenith Exports Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 56.69 Cr. P/BV 0.64 Book Value (₹) 163.38
52 Week High/Low (₹) 151/34 FV/ML 10/1 P/E(X) 0.00
Bookclosure 25/09/2018 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2015-03 

(Rs. in Lacs)
                                         As at             As at
                                    31st March, 2015 31st March, 2014
1. ADDITIONAL NOTES TO THE FINANCIAL STATEMENTS 23.1 Commitments and Contingent Liabilities (i) Commitments/Contingent Liabilities

a. Foreign Bills discounted through 
banks                                   2262.40             2739.20

b. Bank Guarantee                        175.00              175.00
(ii) Claims against the company not acknowledged as debts in respcet of

a. Employees dispute for reinstatement 
is pending disposal by                        -               22.00
Labour Court

b. Income-Tax demand under CIT(Appeal)
./I.T. Appellate                          33.86               33.86
Tribunal.
c. Service Tax demand under Commissioner of Central Excise

(Appeals-I) Kolkata                        0.49                  -

(iii) Estimated amount of contract 
remaining to be executed on                   -               9.24
capital account (net of advances)
Note:

(a) The employee's Gratuity Funded Scheme of Main Division Kolkata managed by Life Insurance Corporation of India is a defined Benefit Plan.

(b) The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognised each period of service as giving rise to additional Unit of employee benefit entitlement and measures each unit separately to buildup the final obligation.

1.1 Balance confirmation from some of Sundry Debtors, Sundry Creditors, Loan Parties and material lying with third parties are still awaited.

1.2 Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.

2. Segment Reporting

The Company's primary Segment reporting is by its business segments which are Silk Fabrics/Made-ups segment, Industrial Leather Hand Gloves/Made-ups segment, yarns segments and Weaving Silk Fabrics segment.

Segment Revenue and Result

The expenses which are not directly attributable to the business segment are shown as unallocated expenditure net off unallocable income.

Segment assets and liabilities

Segment assets include all operating assets used by the business segment and consist principally of fixed assets, debtors and inventories. Segment liabilities primarily include current liabilities & loan fund Assets and liabilities that can not be allocated between the segments are shown as a part of unallocated corporate assets and liabilities respectively.

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