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NOTES TO ACCOUNTS

TGB Banquets and Hotels Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 10.84 Cr. P/BV 0.11 Book Value (₹) 34.12
52 Week High/Low (₹) 21/3 FV/ML 10/1 P/E(X) 0.00
Bookclosure 27/09/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2015-03 
1. Security Particulars of Secured Loans

* Term Loan from SBI

i) First pari passu charge over present and future movable and immovable fixed assets at Ahmedabad and Surat properties of the Company.

ii) In addition to the above, the subsidiary company, Lov Kush Properties Pvt. Ltd., has given the corporate guarantee to the limits availed by the company.

iii) The term loans are further guaranteed by the personal guarantee of all executive directors.

2. Term Loan & Working Capital Loan from ICICI

i) Pari passu charge over present and future movable and immovable fixed assets at Ahmedabad and Surat properties of the Company.

ii) The term loans are further guaranteed by the personal guarantee of all executive directors.

* Term Loan from Religare Finvest Ltd.

i) Pari passu charge over present and future movable and immovable fixed assets at Ahmedabad and Surat properties of the Company.

3. Secured Loans from others

i ) Vehi cle loans a re sec ur ed by the hypothecation of asset s purchased.

4. Contingent Liabilities :

Particulars                               Current Year    Previous Year
                                          Rs. in Lacs      Rs. in Lacs

(i)   Bank Guarantee Issued to Custom        438.34          520.12
      Department for Import Purpose

(ii)  Demand of Income Tax Raised by
      the authorities disputed and not
      acknowledged as due                    980.96          718.85

Total                                      1,419.30        1,238.97
5. Related Party Transactions :

a) Related Parties and their Relationship:

Name of Related Party                    Relationship

New Ramesh Kirana Stores                 Entities over which Key
                                         Management Personnel are able
                                         to exercise significant
                                         influence

TGB Foods Pvt. Ltd                       Entities over which Key
                                         Management Personnel are able
                                         to exercise significant
                                         influence

TGB Bakers & Confectioners Pvt. Ltd.     Entities over which Key
                                         Management Personnel are able
                                         to exercise significant
                                         influence

Devanand G. Somani HUF                   Entities over which Key
                                         Management Personnel are able
                                         to exercise significant
                                         influence

Narendra G. Somani                       Key   Management  Personnel

Devanand G. Somani                       Key   Management  Personnel

Hemant G. Somani                         Key   Management  Personnel

Ramesh K. Motiani                        Key   Management  Personnel

Harshita D. Somani                       Relative  of Key Management
                                         Personnel

Sunita N. Somani                         Relative  of Key Management
                                         Personnel

Neeta H. Somani                          Relative  of Key Management
                                         Personnel

Bhagwati Sales Corporations              Relative  of Key Management
                                         Personnel
6. Segment Reporting :

Since the company has only one segment, there is no separate reportable segment as required in AS-17 issued by the ICAI.

7. Since the business of the Company is by way of Food and Beverages, the quantity wise details of purchase, consumption, turnover, stock etc. are not furnished as the items are so large in number that it is not practicable to present.

8. The company had not received any intimation from suppliers regarding their status under the Micro, Small & Medium Enterprise Act, 2006, and hence disclosures, if any, relating to amounts unpaid as the year end together with interest paid or payable as required under said Act, have not been given.

9. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realized, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

10. Previous years figures have been reworked, regrouped and reclassified wherever necessary.

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