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Company Information

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SIP INDUSTRIES LTD.

17 April 2023 | 12:00

Industry >> Floriculture

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ISIN No BSE Code / NSE Code / Book Value (Rs.) -2.71 Face Value 10.00
Bookclosure 28/08/2024 52Week High 0 EPS 0.00 P/E 0.00
Market Cap. 2.81 Cr. 52Week Low 0 P/BV / Div Yield (%) -2.22 / 0.00 Market Lot 0.00
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 :2014-09 
1. DIRECTOR'S REMUNERATION

Mr. K.C. Raghunathan continues as Managing Director without remuneration w.e.f 21st August 2011

2. No provision has been made pending disposal of rectification petition filed u/s.154 of Income Tax Act,1961 and waiver petition filed for waiver of interest.

3. No provision has been made towards Tax in view of the Loss incurred by the Company.

4. The Company created Employees' Gratuity Trust and Group Gratuity Policy has been taken with Life Insurance Corporation of India. The Annual Premium calculated by LIC as per acturial assessment has been charged to revenue. During the year the Company has not made any payment from Gratuity fund.

5. Sundry Debtors and Sundry Creditors and Advances are as per books subject to confirmation and reconciliation.

6. Deferred Tax for the Year 2013-14

Deferred Tax Asset has not been created in respect of Losses including depreciation incurred by the Company during the year on a conservative basis.

7. Investment in SIP Florals Private Limited has been valued at cost. The decline in value of investment is temporary and non-significant, hence not provided for.

8. Previous year's figures have been regrouped and reclassified wherever necessary.

9. Figures have been rounded off to the nearest Rupee.