General Information
Prabhav Industries Limited is Public Limited Company incorporated in
India under the provisions of the Companies Act, 1956. The Company's
strength lies in the business process of manufacturing of MS Ingots and
also in Trading of Metal Scraps.
(a) In respect of loan and advances, the amount of bad and doubtful
debts is not ascertainable on account of non- receipt of confirmation
from the party.
(b) In the opinion of the Directors, Current Assets, Loans & Advances
have values at which they are stated in the Balance Sheet, if realized
in the ordinary course of business. The provision for depreciation and
all known liabilities is adequate.
(c) Sundry Creditors, Unsecured loans, other liabilities, loans and
advances, sundry debtors, and other current assets are subject to
confirmation.
(d) Micro Small & Medium Enterprise: The Company is in the process of
compiling the relevant information. Dues to Micro and small enterprises
have been determined to the extent such parties have been identified on
the basis of information collected by the management. This has been
relied upon by us.
(e) In the opinion of the Management, the Provident Fund and ESI act
are not applicable, hence no provision have been made for the same.
(f) Earning & Expenditure in Foreign Currency :Nil (P.Y. - Nil)
(g) Directors Remuneration: 2,92,500 (P.Y. - 3,72,000)
(h) Auditors Remuneration : 56180 (P.Y.185394)
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