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Company Information

Home » Market » Company Information

Ambani Organics Ltd.

Ambani Organics Ltd. is not traded in BSE
Jan 25
96.20 -4.80 ( -4.75 %)
 
VOLUME : 2000
Prev. Close 101.00
Open Price 96.20
TODAY'S LOW / HIGH
96.20
 
 
 
96.20
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
43.70
 
 
 
114.85
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Market Cap. ( ₹ ) 52.70 Cr. P/BV 2.44 Book Value ( ₹ ) 39.44
52 Week High/Low ( ₹ ) 115/44 FV/ML 10/2000 P/E(X) 30.98
Bookclosure 27/09/2018 TTM EPS ( ₹ ) 0.00 Div Yield (%) 0.00
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2018-03 

Notes to Account

Note 27 Profit and loss from exceptional items:

Exceptional Items

As at 31 March 2018

As at 31 March 2017

Rs.

Rs.

Loss on sale of Motor Car

138,407

Prior Period Expenses

7,635

1,743,355

Total Rs.

7,635

1,881,762

Note 28 Contingent Liabilities:

Sr.No

Particular

2017-18

2016-17

(i)

Claims against the company not achnowledged

NIL

NIL

(ii)

Commitments, Estimated amount of contracts remaining to be executed on capital account and not provided for Tangible assets.

-

2,000,000

Note: The Income-tax assessment of the Company has been completed up-to assessment year 2015-16, The Company has been demanded to pay a tax liability of Rs. 65,950 & Rs. 67,600 for the F. Y. 2011-12 & 2012-13 respectively and same has been paid in FY 2017-18.

Note 29 Balances of Sundry Debtors, Sundry Creditors Assets, Loans & Advances and Deposits as on 31/3/2018 either debit or credit are subject to confirmation,

reconciliation and adjustments, if any. Note 30 In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated in the Balance Sheet which would be realized in the ordinary course of business.

Note 31 The Board of Directors has waived off the board Meeting fees. Note 32 Figures of the previous year have been regrouped / reclassified, wherever necessary to make them comparable with the figures under review.

Note 33 Segment Reporting as per AS-17

a. The Organization been processor,importer,Supplier and Exporter of Chemical & Dyes used in the Painting and Textile Industry, which have similar risk and returns and also similar market conditions of demand and supply. All other activities of the company revolve around the main business; as such there are inherent natures of these activities are governed by the same set of risk and returns; these have been grouped as a single segment. The company does not have any other reportable as defined under the Accounting Standard 17 (AS-17) for segment reporting.

b. Geographical Segments as secondary segment:

Particular

2017-18

2016-17

Exports (Including duties & Taxes)

112,506,527

71,500,806

India (Including duties & Taxes)

644,645,740

512,684,878

Total

757,152,267

584,185,684

Note 34 Particulars of Remuneration to Statutory Auditors

(Amount In Rs.)

Particular

2017-18

2016-17

Audit Fees (Excluding Taxes)

80,000

70,000

Tax Audit (Excluding Taxes)

40,000

23,500

Fees for Certification Charges

5,870

-

Note 35 Details of Component of Raw material consumed

(Amount in Rs.)

Particular

2017-18

2016-17

Value

Percentage

Value

Percentage

Indigenous

494,476,982

86%

367,972,255

84%

Imported

80,540,804

14%

71,847,257

16%

Total

575,017,787

100%

439,819,512

100%

Note 36 Expenditure In Foreign Currency

Particular

2017-18

2016-17

Commission

288,673

770,058

Note 37 Value of Imports and Exports

Particular

2017-18

2016-17

Value of Imports on GIF Basis

86,629,804

88,587,257

Value of Exports on FOB Basis

112,506,527

71,500,805

Note 38 Earnings In Foreign Currency

Particular

2017-18

2016-17

Towards Export of goods

87,554,370

71,279,584

Note 39 There are No Micro, small and Medium Enterprises to whom the company owes dues which are outstanding for more then 45 days during the period. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act 2006 has been determined to the extent such parties have been identified in the basis of information available with the company.

Note 40 Disclosure of related parties (As required by AS-18 Related party disclosure) List of key management personnel:

Reno.

Name of the Individual

Relationship

1

Mr Rakesh Shah

Key Management

2

Mrs Apooni Shah

Key Management

3

Mr Sharad Kothari

Key Management (From 12th Dec 2017)

4

Mr Aashay R Shah

Relative of Key Management

List of Subsidiary Company:-

Sn.

Name

Relation

1

Omega Woven Mills Pvt Ltd

Subsidiary Company

2

Om Maruti Glasswool & Wirenetting Products Pvt Ltd

Subsidiary Company

Disclosure of related party transaction (During the year):

(Amount in Rs.)

Sr.No.

Nature of transaction

Subsidiary Company

Key Management

Relative of Key Management/ Associate

Total

1

Salary

-

4,846,469

-

4,846,469

-

(3,456,000)

(900,000)

(4,356,000)

2

Investment Made during the year

5,600,000

-

-

5,600,000

(7,462,500)

(7,462,500)

3

Unsecured Loan Received

11,255,666

-

11,255,666

-

(20,596,597)

(20,596,597)

4

Unsecured Loan Repayment

8,976,523

-

8,976,523

-

(19,608,159)

(19,608,159)

5

Unsecured Loan given

10,248,163

-

-

10,248,163

(6,913,579)

(6,913,579)

6

Equity Share Purchase of subsidiary Company

5,600,000

-

5,600,000

-

-

7

Factory Rent Paid

300,000

-

-

300,000

Note- Figure in bracket represents last year data. Detail of Investment made in Subsidiary company:-______

No

Name

Amount

1

Om Maruti Glasswool & Wirenetting Products Pvt Ltd

5,600,000

Total

5,600,000

Detail of transaction with Subsidiary company :-

No

Name

Unsecured Loan given

Rent Paid

1

Omega Woven Mills Pvt Ltd

696,303

-

2

Om Maruti Glasswool & Wirenetting Products Pvt Ltd

9,551,860

300,000

Total Rs.

10,248,163

300,000

Detail of Salary and interest given to key managerial personnel:

(Amount in Rs.)

No

Name

Salary

Unsecured Loan Received

Unsecured Loan Repayment

Equity Share Purchase of subsidiary Company

1

Mr. Rakesh Shah

3,522,150

8,270,666

8,224,024

3,200,000

2

Mrs. Apooni Shah

1,205,319

2,985,000

752,499

2,400,000

3

Mr. Sharad Kothari

119,000

-

-

-

Total Rs.

4,846,469

11,255,666

8,976,523

5,600,000

Disclosure of outstanding amount at year end:

(Amount in Rs.)

No

Name

Type of Transaction

Amount

1

Mrs. Apooni Shah

Unsecured Loan Received

5,634,776

2

Omega Woven Mills Pvt Ltd

Unsecured Loan Given

7,609,882

3

Om Maruti Glasswool & Wirenetting Products Pvt Ltd

Unsecured Loan Given

9,551,860

Note 41 In compliance with the Accounting Standard 22 relating to "Accounting for Taxes on Income" issued by the Institute of Chartered Accountant of India, the deferred tax liability accruing during the year has been recognized in the Profit and Loss Account.

Major components of the Deferred Tax Liability/Asset are as follows:-

(Amount in Rs.)

Particulars

Balance as on April 1, 2017 (DTA)

Arising during the year (P&L)

Balance carried forward (DTA)

Deferred Tax liability/Asset on account of timing difference in depreciation

6,257,200

(5,429,994)

827,206

Total

6,257,200

(5,429,994)

827,206

Note 42 Disclosure as per AS 15 for Gratuity Liability

Defined Contribution Plans Amount of Rs. 621275 (PY Rs. 474670) towards Provident Fund is recognized as an expenses & included in "Salaries, PF employer Contribution & Bonus" in Profit & Loss.

Defined Benefits plan and short term Employee benefits

Gratuity (Defined Benefits Plan)

The Company has a defined benefit gratuity plan. Every Employee who has completed Five years of service get a gratuity on death or resignation or retirement at 15 days of salary (last drawn salary) for each completed year of service. The Gratuity has been provided on the basis of valuation provided by the actuary based on Projected Unit Credit Method.

Date of Valuation

3/1/2018

Number of Member

68

Average Age

33.56

Average Monthly Salary

8243.46

Average Past Service

4.46

Mortality Rate

LIC (2006-08)

Withdrawal Rate

1% to 3% depending

Discount Rate

7.5% P.A.

Salary Escalation

4%

Result of Valuation

PV Of Past Service Benefit

1,199,279

Current Service Cost

170,723

Total Expenses recognised during the year

1,370,002

Particular

31-Mar-18

Gratuity Provision - Non Current

719,567

Gratuity Provision -Current

239,856

Signature to Note No. 1 to 42 forming part of the Balance Sheet and Statement of Profit & Loss.

As per our audit report of even date.

As per our Report of even date

For and on behalf of Board of Directors of

For Shambhu Gupta & Co.

AMBANI ORGANICS LIMITED (Formerly Known as Ambani Organics

FRN No.:-007234C

Private Limited)

Chartered Accountants

CA. Rajkumar Khatod

Mr. Rakesh Shah

Mrs. Apooni Shah

Partner

Director

Director

Membership No. 133612

DIN No. 00503074

DIN No. 00503116

Place :- Mumbai

Dated:- May, 02nd 2018

Mr. Bhavesh Pandya

Ms. Honey Magia

Chief Financial Officer

Company Secretary