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Hind Industries Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) - P/BV - Book Value (Rs.) -
52 Week High/Low (Rs.) - FV/ML - P/E(X) -
Bookclosure - EPS (Rs.) - Div Yield (%) -
Year End :2015-03 
1. SEGMENT REPORTING:

The Management of the affairs of the company and its internal reporting is only on the basis of the significant product line, i.e. meat. Hence, segment reporting is not required. Accordingly, the disclosure requirements of Accounting Standard - 17 (AS-17) on "Segment Reporting", issued by the Institute of Chartered Accountants of India is not applicable.

2. In the opinion of the management, the Current Assets, Loans and Advances are realizable at the value stated in the Balance Sheet, in the ordinary course of business.

3. Due to realignment of the value of Trade Receivables, to make it commensurate with the closing exchange rate, Sales & Trade Receivables have accordingly been increased by Rs. 85.48 lacs. (Previous year increase - Rs. 68.55 lacs).

4. Balances under Trade Receivable, Trade Payable, Loans and Advances are subject to confirmation and reconciliation and consequent adjustments thereof. The outstanding Trade Receivables which may not be recoverable could not be ascertained at the year end.

5. The company has given on loan its finished goods inventory at various intervals to its subsidiary company which is subsequently received in due course. In the opinion of the management, the above practice is adopted to have better realization as per the practice prevailing in the industry.

6. There exists no indication for the management to conclude that any of its cash generating units are impaired and accordingly no provision for impairment is required to be made in the financial statements.

7. Research and Development Expenses : NIL ( Previous Year - NIL )

8. Amount due to small scale industrial undertakings/ suppliers under the MSME Act, 2006 :

As per the certificate of representation received from the Company, it has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act could not be furnished.

9. The company shall make available the separate financial statements of the subsidiary to the shareholders of the holding and subsidiary company whenever required at any point of time.

10. Previous year figures have been reclassified in accordance with current year requirements.-


 
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