Note 21 - General Notes for the year ended on 31st March, 2018
21.1 Investments:
The Company has not acquired any investments during the year.
21.2 Prior Period Items:
During the year company has charged f 3,49,413/- (previous year f NIL) to the Statement of Profit & Loss.
21.3 Borrowing Costs:
During the year all the assets were acquired in a ready use condition.
21.4 Foreign Currency Transactions:
(a) During the year the company has recognized net foreign exchange gain of f 88,58,505/- (previous year ^46,42,579/-).
(b) Total Short-Term Borrowings includes Foreign Currency loan facility of USD 21,26,970.60 (Including accrued Interest) which is restated at the exchange rate prevailing at the end of year.
21.5 Hedge Transactions:
During the year the Company has recognized net profit of TNIL (previous year net gain of ^2,15,18,546/-) on hedge transactions. 21.10 In terms of Section 22 of the ‘Micro, Small and Medium Enterprises Development Act 2006’ (SME Act) the outstanding payable to Micro and Small Enterprises, as defined under the SME Act, are required to be disclosed in the prescribed format. However such Enterprises are required to be registered under the ‘SME Act’. In the absence of information about registration of the Enterprises as at 31st March, 2018, the required information could not be furnished. However, the management was of the opinion that the company has not received any claim for overdue interest from such suppliers during the period. There are no outstanding dues towards suppliers as defined under the “Micro, Small & Medium Enterprises Development Act, 2006.”
21.13 Segment Information:
(a) Business segments
The management is of the opinion that the Company is primarily engaged in only one business segment of Gold Jewellery, hence there is no variation in risk and rates of return arising from one or more segments.
(b) Geographical segments
The customer base of the Company is spread across India as well as in overseas hence the management of the Company has recognized its secondary segmental reporting on the basis of the geographical location of its customers.
21.15 Previous year figures are regrouped, recast and reclassified wherever necessary. Figures in brackets are pertaining to previous year.
| 