| 1) Company Profile:
The company is engaged in manufacturing and trading activity and has
two business segments, viz. Agricultural Equipments and Bearings
(Forged Rings). It trades in Agricultural Equipments while manufactures
as well as does job work of Bearings.
2.the company has only one class of shares referred to as ordinary
equity share having a face value of Rs.10 Each shareholders is entiled
to one vote per share.
3. Contingent liabilities and commitments (to the extent not provided
for)
For the year ended For the year ended
Particulars 31.03.2015 31.03.2014
Contingent liabilities:
Forward U.S. Dollar Contracts
with Marwadi Shares & Finance 2,347,373 4,525,188
Limited
(ii) Secondary Segment Information:
The following Geographic Segments individually contributed 10% or more
of the Company's revenues in the previous year.
4. Related Party Disclosures
As per Accounting Standard 18, the disclosures of transactions with
the related parties are given
5. List of related parties with whom transactions have taken place
and relationships;
Sr Name of the Related Party Relationship
No.
1. Nathabhai J. Sadariya
2. Sanjay J. Patel Key Managerial Personnel
3. Manoj H. Shah
4. Jitendra H. Shah
5. Nayna A. Shah
6. Kantaben J. Patel Relatives of KMP
7. Devkuvarben N. Sadaria
8. Ashwin H. Shah
9. Accumax Rings Limited Subsidiary
6. Other Disclosures
7. The outstanding balances as al 31st March, 2015 in respect of
Trade receivables, Trade payables, Loans 6 Advances and other payables
& receivables are subjected to confirmation from respective parties and
consequential reconciliation and/or adjustments arising there from, If
any. The Management, however, does not expect any material variation.
8. The company has requested the suppliers to give info-nation about
their status as Micro, Small ard Medium Enterprises as defied under the
MSMED Act, 2006. In the absence of this information. Company is unable
to provide the details in Trade Payab les regarding the overdues to
such Enterprise
9. According to the opinion of the management of the Company, the
value of realization of Trade & Other Receivables and Leans & Advances
given in the ordinary course of business would not be less than toe
amount at which they are stated In the Balance sheet.
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