KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Oct 04, 2024 >>  ABB India 7937.8  [ -2.10% ]  ACC 2432.15  [ -1.10% ]  Ambuja Cements 609.95  [ -1.21% ]  Asian Paints Ltd. 3071.85  [ -2.49% ]  Axis Bank Ltd. 1177.5  [ 0.17% ]  Bajaj Auto 11778.1  [ -0.26% ]  Bank of Baroda 250.55  [ 2.24% ]  Bharti Airtel 1640.75  [ -2.09% ]  Bharat Heavy Ele 267.45  [ -0.54% ]  Bharat Petroleum 341.4  [ -2.22% ]  Britannia Ind. 6202.8  [ -2.07% ]  Cipla 1622.85  [ -2.00% ]  Coal India 497.15  [ -1.05% ]  Colgate Palm. 3745.5  [ -2.44% ]  Dabur India 572.15  [ -1.46% ]  DLF Ltd. 844.95  [ -2.28% ]  Dr. Reddy's Labs 6635.5  [ -1.47% ]  GAIL (India) 230.35  [ -4.06% ]  Grasim Inds. 2745  [ -0.72% ]  HCL Technologies 1776.15  [ -0.01% ]  HDFC 2729.95  [ -0.62% ]  HDFC Bank 1656.8  [ -1.51% ]  Hero MotoCorp 5513.85  [ -2.62% ]  Hindustan Unilever L 2848.85  [ -1.60% ]  Hindalco Indus. 747.95  [ 0.12% ]  ICICI Bank 1239.05  [ -1.38% ]  IDFC L 109.35  [ 0.55% ]  Indian Hotels Co 661.25  [ -1.88% ]  IndusInd Bank 1382.9  [ -0.32% ]  Infosys L 1918.35  [ 1.33% ]  ITC Ltd. 503.45  [ -1.86% ]  Jindal St & Pwr 1023.55  [ -2.58% ]  Kotak Mahindra Bank 1808.5  [ -0.74% ]  L&T 3490.75  [ -0.23% ]  Lupin Ltd. 2197.6  [ 0.65% ]  Mahi. & Mahi 3017.05  [ -3.58% ]  Maruti Suzuki India 12602.9  [ -0.40% ]  MTNL 54.88  [ -3.55% ]  Nestle India 2599.3  [ -2.85% ]  NIIT Ltd. 163.15  [ -0.85% ]  NMDC Ltd. 236.55  [ -1.21% ]  NTPC 430.15  [ -1.21% ]  ONGC 295.2  [ 1.06% ]  Punj. NationlBak 105.8  [ 0.76% ]  Power Grid Corpo 338.8  [ -1.57% ]  Reliance Inds. 2773.8  [ -1.47% ]  SBI 796.6  [ 0.28% ]  Vedanta 508.9  [ -0.57% ]  Shipping Corpn. 244.4  [ -2.18% ]  Sun Pharma. 1910.5  [ -0.16% ]  Tata Chemicals 1129.85  [ -0.31% ]  Tata Consumer Produc 1130.8  [ -1.84% ]  Tata Motors 930.7  [ 0.51% ]  Tata Steel 166.75  [ -0.12% ]  Tata Power Co. 466.7  [ -1.06% ]  Tata Consultancy 4249.1  [ 0.39% ]  Tech Mahindra 1616.5  [ 0.83% ]  UltraTech Cement 11445.45  [ -2.36% ]  United Spirits 1531.5  [ -2.02% ]  Wipro 533.5  [ 0.68% ]  Zee Entertainment En 131.85  [ -2.94% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

ADHATA GLOBAL LTD.

01 April 1997 | 12:00

Industry >> Textiles - Spinning - Cotton Blended

Select Another Company

ISIN No INE586D01014 BSE Code / NSE Code 531286 / ADHHATA Book Value (Rs.) 3.81 Face Value 10.00
Bookclosure 04/09/2023 52Week High 8 EPS 0.00 P/E 0.00
Market Cap. 2.59 Cr. 52Week Low 5 P/BV / Div Yield (%) 1.44 / 0.00 Market Lot 1.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :1999-03 
1. Secured Loans

(a) 150000, 17.5% Privately Placed Optionally Fully Convertible Debentures - These Debentures are secured by a first charge by way of hypothecation in favour of the Trustees of all the company's movables (save & except books debts) including movable machinery, machinery's spare, tools and accessories, present and future, subject to prior charges created/or to be created in favour of the Company's Banker or the Company's Stocks of Raw material, Semi-finished and finished goods, consumable stores and such other movable as may be agreed to by the Trustees for securing the borrowings for Working Capital requirement in the ordinary course of business. The Mortgage and Charges referred to herein above shall rank paripassu with the mortgage and charges created in favour of IDBI for its foreign currency loan and is guaranteed by Promoter Directors.

These Debentures of Rs. 100 each are redeemable at par in two annual instalments of Rs. 75 Lacs each repayable on 31st March, 2004 and 31st March, 2005.

(b) Term loan from Financial Institutions are secured by First charge/ mortgage of all the immovable properties & movable properties (save and except book debts) both present and future subject to prior charge in favour of Bankers by way of security for borrowings for working capital.

The mortgage & charges referred to herein above shall rank paripassu with the Mortgage & Charges created in favour of IDBI for its foreign currency loan and is guaranteed by Promoter Directors.

(c) Working Capital Loans from Banks are secured by way of first charge on stock, book debts and all other Current Assets and second charge on Fixed Assets and personal guarantee of Promoter Directors.

(d) Loan from others are secured by hypothecation of Vehicles.

2. (a) During the year Company has written back an amount of Rs. 2830630/-as interest charged on increased liabilities of Foreign Currency Loan due to fluctuation in foreign exchange rate by crediting to interest on secured loan and decided to treat the amount as deferred revenue expenditure, to be written off equally over a period of five years. This has resulted in overstating the profit by Rs. 2264504/- (afterwriting off 1/5th Rs. 5,66,126).

(b) During the year Company has changed the accounting policy relating to commission on sale from accural basis to cash basis, the impact on profits due to the change is not ascertained.

3. The Company has changed the rates of depreciation in the year 1998 in respect of Plant and Machinery from shiftwise basis to continuous process plant with retrospective effect.

4. In the absence of profits no transfer has been made to the Debenture Redemption Reserve.

5. Stock of Raw Materials include Rs. 440833/- (Previous year Rs. 440833/-) worths of cotton affected by fire.

6. Fixed Deposits are under Bank lien.

7. Investments purchases during the year NIL. (Previous year 345 Equity Shares of State Bank of Bikaner & Jaipur face value of Rs. 100/- per share cost Rs. 186300/-)

8. Instalments of Term Loan Due within one year are Rs. 1,42,87,753.50 (Previous year Rs. 24,00,000/-)

9. In view of the multiplicity and identification of accounts relating to Small Scale Industrial undertakings, information for determining the particulars relating to current indebtness to such undertakings as required under schedule VI to the Companies Act 1956 are not readily available.

10. Deferred revenue expenditure represents unamortised portion of interest on increased liability of Foreign Currency Loan due to foreign exchange fluctuation.

11. In the opinion of the Board, all current assets, loans and advances and other receivables are approximately of the value stated, if realised in the ordinary course of business.

12. Prior Period items represents : Rs. 1865392.50. Out of which Rs. 980800/- due to cancellation of forward exchange booking, which bank has debited during the year. Rs. 888380/- deducted by Sundry debtor and written off during the year.

13. Estimated amount of Contract remaining to be executed on Capital Account and not provided for ..Nil (Previous Year - Rs. 20 lacs).

14. Contingent Liabilities not provided for :

                                   Amount (Rs.)     Previous Year (Rs.)
     
Bank Guarantees                        19477488                19477488
     
Bills Discounted                       18098171                16003980
15. No provision for taxation has been made as there are no taxable profits.