Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on Jan 19, 2022     
  ABB India 2341.9 [ -1.24% ]
  ACC 2232.65 [ -1.00% ]
  Axis Bank Ltd. 729.6 [ 0.55% ]
  Bank of Baroda 95.85 [ 3.96% ]
  Bharti Airtel 704.05 [ -1.41% ]
  Bharat Petroleum 394.15 [ -0.97% ]
  Britannia Ind. 3576.2 [ -1.19% ]
  Cipla 895.45 [ -0.75% ]
  Coal India 163.85 [ 1.90% ]
  Colgate Palm. 1447.05 [ -1.58% ]
  Dabur India 568.6 [ 0.84% ]
  DLF Ltd. 408.3 [ 1.03% ]
  GAIL (India) 148 [ 3.61% ]
  Grasim Inds. 1806.95 [ -2.40% ]
  HDFC 2618.65 [ -1.65% ]
  HDFC Bank 1518.55 [ -0.72% ]
  Hero MotoCorp 2698.25 [ 0.21% ]
  ICICI Bank 808.35 [ -1.82% ]
  IDFC L 64.85 [ 3.59% ]
  IndusInd Bank 893 [ -0.80% ]
  Infosys 1867.7 [ -2.77% ]
  ITC Ltd. 220.35 [ -0.20% ]
  L&T 2019.35 [ -0.11% ]
  Lupin Ltd. 959.95 [ 1.85% ]
  Mahi. & Mahi 894.1 [ 0.30% ]
  MTNL 30.75 [ -2.54% ]
  Nestle India 18903.3 [ -2.41% ]
  NIIT Ltd. 470.7 [ -0.49% ]
  NMDC Ltd. 141.6 [ 1.00% ]
  NTPC 134.85 [ -0.04% ]
  ONGC 170.15 [ 3.88% ]
  Punj. NationlBak 40 [ 2.04% ]
  Power Grid Corpo 204.65 [ -0.22% ]
  Reliance Inds. 2521.4 [ 0.02% ]
  SBI 515.9 [ 1.83% ]
  Vedanta 324.75 [ 0.74% ]
  Shipping Corpn. 127.25 [ -5.60% ]
  Sun Pharma. 838.05 [ -0.93% ]
  Tata Steel 1208.75 [ 1.19% ]
  Tata Power Co. 248.5 [ 3.95% ]
  Tata Consultancy 3915.8 [ -1.87% ]
  Tech Mahindra 1669.1 [ 0.51% ]
  United Spirits 923.45 [ 0.66% ]
  Wipro 621.3 [ -1.91% ]

Company Information

Home » Market » Company Information

Ashish Polyplast Ltd.

Jan 19
21.40 +0.40 (+ 1.90 %)
 
VOLUME : 2130
Prev. Close 21.00
Open Price 21.00
TODAY'S LOW / HIGH
21.00
 
 
 
21.90
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
7.41
 
 
 
21.90
Ashish Polyplast Ltd. is not traded in NSE
Company Information Menu

Search Company

Market Cap. ( ₹ ) 7.27 Cr. P/BV 1.41 Book Value ( ₹ ) 15.17
52 Week High/Low ( ₹ ) 22/7 FV/ML 10/1 P/E(X) 21.97
Bookclosure 29/09/2020 TTM EPS ( ₹ ) 1.27 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 :2015-03 1. Confirmations of certain parties for amounts due to them/amounts due from them as per accounts of the Company are not received. Provision for doubtful debts, if any, in respect of above and the consequential adjustments, if any, arising out of reconciliation is unascertainable at this stage.

2. Previous year's figures have been regrouped, reclassified and rearranged wherever necessary to confirm this year's classification.

3. Consequent to the applicability of the Companies Act, 2013 (the Act) with effect from 1st April 2014, the comapny has realigned the remaining useful life of its Fixed Assets in accordance with the provsions prescribed under schedule-ll to the Act. Consequently the carrying value of the fixed assets having nil useful life as on 01st April 2014 amounting to Rs. 491,683/- (Net of Deffered Tax of Rs. 219,870/-) has been adjusted to the opening balance of profit and loss account and carrying value of assets having balanced useful life (net of residual value) is being depreciated over the residual remaining useful life. Accordingly the depreciation expense charged for the year ended 31st March 2015 is lower Rs.1.33 lacs.

4. Figures have been rounded off to nearest of rupee. Figures in brackets indicate negative values.

5. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value, if realized, during the ordinary course of business.

6. Contingent Liability and Capital Commitments:

                                                          Rs. in Lakhs

Particulars                                   2014-2015     2013-2014

Guarantee given to bank                          56,000        56,000

Contracts remaining to                              NIL           NIL
be executed on capital account
Excise demands against the company not acknowledged as debts and not provided for as the same are 8,79,562 8,79,562 disputed by the company in appeal.

7. The balances of sundry debtors and sundry creditors are subject to confirmation from respective parties. Necessary adjustments, if any, will be made when accounts are reconciled / settled.

8. Expenditure incurred by the Company on Employees :

a. If employed for a part of the financial year and where in receipt of remuneration for the year which in aggregate was not less than Rs.60 Lacs : Rs. Nil.

b. If employed for a part of the financial year and where in receipt of remuneration for any part of the year at the rate which in aggregate was not less than Rs.5 lacs per month : Rs. Nil

9. Value of Imports on C. I. F Basis is Rs. NIL (Previous Year Rs. Nil)

10. Remittance in Foreign Exchange on account of Travelling etc. Rs. Nil/- (Previous Year Rs.NIL)

11. Earnings in Foreign currency is Rs. NIL (Previous Year Rs. Nil)

12. Expenditure in Foreign currency is NIL (Previous Year Rs.NIL)

13. Suppliers/Service providers covered under Micro, Small, Medium Enterprises Development Act, 2006 have not furnished the information regarding filing of necessary memorandum with the appropriate authority. In view of this information required to be disclosed u/s. 22 of the said Act is not given.

14. Disclosure for leases under Accounting Standard 19 :

a Financial Lease :

The net carrying amount of assets acquired under financial lease : Nil

b Operational Lease :

The amount of payments for operational lease on assets : Nil

15. Segment Reporting:

The company manufactures only one product. The sale of the product is in Indian markets only. Hence there are no reportable business segments/geographical segments.

16. In accordance with Accounting Standard (AS-28) on "Impairment of Assets" issued by the Institute of Chartered Accountants of India the company during the year carried out an exercise to assess the impairment loss of assets. Based on such exercise, there is no impairment of assets. Accordingly no adjustment in respect of loss on impairment of assets is required to be made in the accounts.

17. Related party Disclosure.

Disclosures as required by Accounting Standard 18 "Related Party Disclosures" are given below.

A Related Party

     Ashish D. Panchal            -     Managing Director

     Kantaben D. Panchal          -     Director
B Key Management Personnel

     Ashish D. Panchal             -    Managing   Director

     Rasik B. Panchal              -    CFO
18. Disclosures pursuant to Accounting Standard -15 ( Revised) " Employee Benefits" :

A. Defined Contribution Plan:

The company has recognised as an expense in the profit and loss account in respect of defined contribution plan - Provident Fund of Rs. 1,77,447/- (Previous year Rs. 1,77,426/-) administered by the Government.

B. Defined benefit plan and long term employment benefit General Description:

* Gratuity (Defined Benefit Plan):

The company has obtained report from Actuary for Gratuity liability.

* Leave Wages:

The leave wages are payable to all eligible employees at the rate of daily salary/wages for each day of accumulated leave and are paid during the financial year itself. Therefore no liability is accrued at the end of the financial year for leave benefits as per practice followed by the company year to year.