| 1 GENERAL INFORMATION
The Company is a listed Company with its shares listed on the Stock
Exchanges of National Stock Exchange, Kolkata Stock Exchange and Uttar
Pradesh Stock Exchange. It is also a Company registered with the
Reserve Bank of India as an NBFC. Its main business is execution of job
work contracts and investment in securities and other avenues.
2. Rights, preferences and restrictions attached to shares
Equity Shares: The company has one class of equity shares having a par
value of Rs.10/- per share. Each shareholder is eligible for one vote
per share held. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual
General Meeting, except in case of interim dividend. In the event of
liquidation, the equity shareholders are eligible to receive the
remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
3. CONTINGENT LIABILITIES
For the year ended For the year ended
Particulars 31st March 2015 31st March 2014
Amount (Rs) Amount (Rs)
(i) Contingent Liabilities
(a) Corporate Guarantee given
for Subsidiary Company 10,00,00,000 10,00,00,000
Corporate Guarantee given to
Punjab National Bank for
financial assistance
sanctioned to ADD
Technologies (India) Ltd as
per term of sanction
b) Disputed tax demands for
Asst. Year 2009-10 for
which the company has
preferred Appeal 9,02,410 9,02,410
c) Disputed tax demands
for Asst. Year 2011-12
for which the company has
preferred Appeal 83,18,040 83,18,040
d) Disputed tax demands for
Asst. Year 2008-09 for which
the company has preferred Appeal 23,08,228 -
(e) 8,80,945 equity shares of
SPML Infra Limited have been
pledged in favour of IFCI
Limited (Previous year : Yes
Bank Limited) against: the 40,00,00,000 25,00,00,000
loan taken by SPML Infra
Limited as per terms of
sanction.
51,15,28,678 35,92,20,450
(ii) Commitments
(a) Estimated amount of
contracts remaining to be
executed on capital account - -
and not provided for
(b) Uncalled liability on
shares and other investments
partly paid - 37 50 000
(c) Other commitments
(specify nature)
- 37,50,000
Total 51,15,28,678 36,29,70,450
4. The disclosures required under Accounting Standard 15 "Employee
Benefits" Notified in the Companies (accounting Standards) Rules 2006,
are given below:
5. Employers Contribution to Provident Fund (charged off for the
year): Rs. NIL (P.Y. : NIL)
6. None of the employees as on 31st March 2015 eligible for employees
compensation, hence provision for the same has not been made during the
year.
7. Advances, Sundry Debtors and Sundry Creditors are subject to
confirmation of balances.
8. Leasing Arrangements
Finance lease:
The company does not have any i,em craered under which needs,
disclosure as accounting standard 19 .
Operating Lease:
company does not have any item covered under operation lease which
needs disClosure at per Accounting standand 19 - "Accounting for
Leases"
There are no reported foreign currency exposures that have not been
hedged by a derivative instrument otherwise, hence the dicoulsure of the
same is not made.
9. GIF value of imports NIL (PY NIL)
10. RELATED PARTY DISCLOSURES:
A Information given in accordance with the requirements of Accounting
Standard 18 on Related Party Disclosures:
i) Key Managerial Person:
Anil Kumar Sethi (wef 15th Nov 2013)
Pukhraj Jain (upto 15th Nov 2013)
ii) Relative of KMP
Deepak Sethi
Subhash Chand Sethi
ili) Subsidiary Company
ADD Technologies (India) Limited
iv) Associate Companies Add Realty Limited SPML Industries Limited
v) Enterprises in which KMP/Relatives of KMP having significant
influence or control:
SPML Infra Limited
SPML Utilities Limited
Subhash Kabini Power Corporation Limited
Zoom Industrial Services Limited
Add Eco Enviro Limited
Add Industrial Park (TN) Ltd
ADD Urban Enviro Limited
Doon Valley Waste Management P Limited
Jamshedpur Waste Processing Co P Limited
Madurai Municipal Waste Processing Co Limited
Meena Holding Limited
Pondicherry Port Limited
Sanmati Infra Devlopers Pvt. Limited
Meena Integrated Textile Infra Limited
Meena Homes Limited
SPML Infrastructure Limited
Delhi Waste Management Limited
11. The amounts and disclosures included in the financial statements of
the previous year have been reclassified to conform to the requirements
of Schedule III of Companies Act 2013.
12. Information as required in terms of Paragraph 9BB of Non Banking
Financial Companies Prudential Norms ( Reserve Bank ) Directors, 1998
has been given in Annexure - I.
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