a) Fair value of investment Properties
The fair value of the Company’s investment properties at the end of the year have been determined on the basis of estimation of valuation carried out by the management and on basis of Management assessment, fair value of asset is more than carrying amount of the Investment Property
b) During the year, the Company carried out a review of the recoverable amount of investment properties. As a result there were no allowances for impairment required for these properties.
12.2. Terms/ Rights attached to the equity shares
The Company has one class of shares referred to as equity shares having a par value of Rs.10 each. Each shareholder is entitled to one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.
The Disclosure in respect of the amounts payable to Micro and Small Enterprises have been made in the financial statements based on the information received and available with the Company. Further, in view of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be material. The Company has not received any claim for interest from any supplier as at the balance sheet date. These facts have been relied upon by the auditors.
20.1. Fair valuation of investment property
The fair value of the company’s investment properties at the end of the year have been determined on the basis of estimation of valuation carried out by the management and on basis of management assessment, fair value of asset is more than carrying amount of the Investment Property
20.2. Borrowings secured against current assets
Quarterly returns or statements of current assets filed by thecompany with banks or financial institutions are in agreement with thebooks of accounts.
32. Unsecured Loans:
The loan taken from directors, promoters and their relatives are unsecured.
33. The breakup of Micro & Small Enterprise is provided to us by the management and the same is Accepted by us.
34. The balances of advances and advance given to suppliers, debtors and creditors are subject to balance confirmation by the respective parties and necessary adjustment if any will be made on its reconciliation.
35. In the opinion of the board, the current assets, loans & advances and other receivables have value on realization in ordinary course of business at least equal to the amount at which they are stated in the balance sheet.
36. The Company has not proposed any dividend on paid up share capital during the year under audit.
41. Segment Information
The Company’s Primary segment is identified as business segment based on natural of products, risks, returns and the internal business reporting system and secondary segment is identified based on the geographical location of the customers as per IND AS 108 - ‘Operating Segment’. The Company is principally engaged in a single business segment viz.” Chemicals”.
The Geographical segment has been considered for disclosure as secondary segment.
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