| 1. Corporate information
The Company was incorporated on 22nd April, 1965 as a Private Limited
company limited by shares. It was converted in Public Limited company
in the year 1995. It has its Registered office in Mumbai and
manufacturing facility at village Umaraya, Taluka-Padra, Dist-
Vadodara,Gujarat, India. The company is engaged in the business of
manufacturing and trading in Printing Inks & Allied products. The
company sells its products across India and to other countries.
2. The Company does not have different segments and hence segment wise
reporting in terms of the Accounting standard (AS) 17 "Segment
Reporting" issued by the Institute of the Chartered Accountant of India
is not applicable.The Company mainly deals printing inks and
auxiliaries which is considered as a one segment only. Geographical
segment is not material and hence not required to disclose separately
3.1. In terms of Accounting Standard 22- "Accounting for Taxes on
Income" issued by the Institute of Chartered Accountants of India, the
Company has Deferred Tax Assets as on 31st March 2015. In terms of the
said Standard, in view of unabsorbed depreciation and unabsorbed
business losses under the tax laws, net result of computation is net
deferred tax assets. Hence, the management has decided not to
incorporate the same in the books of accounts as a matter of prudence
and in absence of virtual certainty as to its realization.
4. In the opinion of the management, current and non current assets
are recoverable in normal course of the Business.
5. The provisions of the section 135 in respect of corporate social
responsibility is not applicable to the company as company is not
falling under any criteria of the said provisions.
6. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure.
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