| Note: 1 Segment Reporting Policies
Identification of segments:
a] Primary Segments
Business segment: The Company has only one segment of Home Appliances
and the products considered as part of the segment are LPG Stove, Range
hood (Chimney) and Gas Geysers. Since inherent nature of all activities
of the company is governed by the same set of risks and returns and
also all the products are falling in the same category in trade
parlance therefore as per the guidelines of the AS-17 no primary
segment is reporting required for the year.
b] Secondary Segment
Geographical Segment: The analysis of geographical segment is based on
the geographical location of the customers. The following is the
distribution of the Company's consolidated sales by geographical
market:-
Note: 2 Disclosure of Related party /Related Party Transactions
Name of the related parties and relationship
(a) Associates Companies
M/s Blow Hot Kitchen Appliances Private Limited.
M/s Indore Paper Krafters Pvt. Ltd.
M/s Valor Hitech Pvt. Ltd.
(b) Key Management Personnel and their relatives
Mr. Sanjay Gorani Managing Director
Mr. Anil Gorani Whole Time Director
Mr. Nakul Gorani Director
Mr. Narendra Gorani Relative of Director
Mrs. Manju Gorani Relative of Director
Mr. C.S.Sharma CFO
(c) The transactions entered into with the related parties during the
year along with related balances as at 31st march 2015 are as under:
Note: 3
Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil. (Previous Year Rs. NIL)
Note: 4
In the opinion of the management and to the best of their knowledge and
belief the value of realization of current assets, loans and advances
in the ordinary course of business will not be less than the amount at
which they are stated in the balance sheet. No provision has been made
for the long outstanding debtors considered doubtful because it is
still under negotiation stage.
Note: 5
Additional Information pursuant to provisions of paragraph 5 (VIII) of
part II of schedule III to the companies act as certified by the
Directors:
Note: 6
The Balances in the accounts of debtors, creditors, loans, advances and
others are subject to confirmation and reconciliation. But no
confirmation is called in last year by the company.
Note: 7
The previous year figures have been regrouped / reclassified, wherever
necessary to confirm to the current year figures.
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