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Andhra Pradesh Tanneries Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 0.00 Cr. P/BV 0.00 Book Value (₹) -52.46
52 Week High/Low (₹) 8/5 FV/ML 10/50 P/E(X) 0.00
Bookclosure 20/06/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2014-03 
1. The account of the Company are prepared on 'going concern Basis even though loss up to the year is more than the paid up capital and free reserves and the operations of the company are temporarily suspended

2. The Current assets, Loan and Advances stand at the values stated in Balance Sheet are realizable in the ordinary course of business and also provision

for known Liabilities made are adequate.

3. Depreciation for the current period has been provided on straight line method at the application rates specified in schedule XIV of the Companies Act, 1956. For the Assets Acquired / installed in the earlier years, the depreciation ha been charges on straight line method at the Rates applicable at the time of installation of installation of the said assets.

4. Balances under sundry debtors, sundry creditors, unsecured loan, under Payable, loans & advances and other receivables represent aggregate receivable and subject to confirmation by respective parties. Similarly few non-operative Bank account are subject to confirmation and reconciliation.

5. There are no stores, work in process, stock in Trade, etc. as certified by the Director.

6. Contingent Liabilities : Nil

7. No provision for Income Tax has been made since the Company has no assessable Income.

8. Bonus / Ex-gratia has not been provided during the year (previous year Rs. Nil) This clause of Provision of Bonus, ex-Gratia is not applicable.

9. A Sum of Rs. 7,76,138/- towards principal and Rs.24,79258/- towards Interest up to 31.03.2014 is overdue to A.P.govt. for interest Free sales Tax Loan. However, no such sum provided in books during the year.

10. As part of a comprehensive review in respect of the outstanding Sundry Debtors. Loan & Advances and other receivable are on going. Further Provision, if any, required towards outstanding amount will be made as and when in the opinion of the management the same is warranted. Necessary efforts are being made for the recovery of the same.

11. The company had settled dues of all the staff during financial year 1.4,2009 to 31.03.2010. Hence, there is no permanent staff and hence there is no Liability of EPF, ESI, etc during the year.

12. Since the Company has substantially carry forward loss and unabsorbed depreciation and there is uncertainty of sufficient future taxable income that may be avoidable for its realization, the deferred tax assets, in accordance with accounting standard 22 issued by the institute of Chartered Accountants of India has been considered as matter of Prudence.

13. The company accounts for payment of Gratuity on "Payment basis". The Actuarial liability in respect of the same is not available with company it has provided for Rs. Nil (Previous year Rs. Nil).

14. The company has not provided Dividend on preference Shares capital in the absence of Dividend on Equity share capital.

15. Selling and distribution expenses include forwarding expenses Rs. Nil (Previous year Rs. Nil).

16. Approved from SEBI in respect of listing of Shares is yet be received , A Certificate from the Chartered Accountant to effect the applicable provision of the regulation of SEBI under regulation 3(4) read with 3(5) is also pending.

17. There is no permanent staff and hence this clause of leave encashment is not applicable.

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