(d) Rights, Preference and Restrictions attached to Equity Shares of Rs.10 each.
The Company has only one class of share referred to as Equity Shares having a par value of Rs.10/- each. Each holder of Equity Shares is entitled to one vote per share.Dividend (if any) recommended by board of directors is subject to approval of the shareholders in the ensuing Annual General Meeting.
In the event of winding up of the company, the holder of Equity Shares will be entitled to receive any of the remaining assets of the company after all preferential amounts and external liabilities are paid in full. However, no such preferential amount exists currently. The distribution of such remaining assets will be on the basis of number of Equity Shares held and the amount paid up on such shares.
(d) EPCG Grant
1. Custom duty saved on import of capital goods under EPCG Scheme is Rs. 234.27 Lakhs on 08.02.2017. Total Export Obligation ( EO) under the EPCG Scheme is Rs. 1,405.62 Lakhs. The original Export period was 6 years upto 07.02.2023. Further the Company had obtained an extension of 2 years with 20% EO enhancement, up to 07.02.2025.
DGFT has further extended the EO period by 18 months, i.e., up to 08.08.2026.
2. Custom Duty saved on import of Capital Goods is Rs. 350.18 Lacs. Total Export Obligation (EO) was Rs. 525.27 lakhs with export period of 6 years from the EPCG issue date i.e. 21.11.2023.
(b) Defined Benefit Obligation:
Post employment and other long-term employee benefits in the form of gratuity is considered as Defined Benefit Obligation. The present value of obligation is determined based on actuarial valuation using projected unit credit method as at the Balance Sheet date. The amount of defined benefits obligation recognized in the Balance Sheet represent the present value of the obligation as adjusted for unrecognized past service cost.
(f) Actuarial Assumptions used as at the balance sheet date:
The principal economic & demographic assumptions considered in the valuation are:
Discount Rate - 6.75 %
Salary Escalation Rate - 7.00 %
Retirement Age - 58 year
Attrition rate - 5% at younger ages and reducing to 1% at older ages according to graduated scales
2.31 The Company is engaged in manufacturing of Plastic Caps & Closures and trading of Shrink Films, Trading of Granules, Plastic Caps & Closures.Considering the nature of Business and financial reporting of the company, the company is operating in only one segment. Hence segment reporting is not applicable.
In accordance with the provisions of the Accounting Standard on Impairment of Assets, AS -28, the management has made assessment of assets 2.33 in use in respect of each cash-generating unit and considering the business prospects related thereto, no provision is considered necessary on account of impairment of assets.
Based on Information available with the company and relied by us, principal amount due and remaining unpaid to Micro & Small Enterprises as 2 34 defined under the Micro, Small & Medium Enterprises Development Act, 2006 as on 31st March, 2025 amounted to Rs 45.35 Lakhs and no interest was paid or is payable to Micro & Small Enterprises for the year. The Company has initiated the process of identification of Creditors which falls under category of MSME, the disclosure relating to amount due to MSME are made to the extent information received.
2 35 The Balances of Advances , Trade Receivables and Trade Payables are subject to confirmation from the parties and subsequent adjustment if any on reconciliation.
2.36 Previous year's figures have been regrouped / rearranged, wherever considered necessary to conform to current year presentation.
2.37 Additional Regulatory Information (Amount in Lakhs)
a) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease Agreements are duly executed in favour of the lessee) are held in the name of the Company.
b) The Company does not have any investment property.
c) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.
d) There are loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2025 are as follows which is repayables on demand:
e) No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions 1 (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder
f) The company is not declared willful defaulter by any bank or financial institution or other lender.
g) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
h) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
i) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
j) The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
k) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.
l) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
C Debt Service Coverage Ratio(in times)
Company's Earnings increased from Rs. 1200.61 lakhs to Rs. 2205.87 lakhs and Principle Interest increase from 761.11 to 1082.93 because of this return on Debt Service Coverage Ratio improved from 1.58 to 2.04 times.
D Return on Equity Ratio (in %)
Return on Equity Improved due to increase in net profit after tax from Rs. 467.72 Lakhs to Rs. 1090.04 Lakhs of the Company and Average Shareholders Equity from 3856.21 Lakhs to 4772.59 Lakhs during the year as compared to Previous Year.
F Trade Receivables Turnover Ratio (In times)
Although Company's Revenue increased from Rs. 9974.65 lakhs to Rs. 10062.55 lakhs and Average Receivables increased from Rs. 1617.48 Lakhs to Rs. 2416.06 Lakhs, The Trade Receivables Turnover ratio decreased from 6.17 times to 4.16 times.
G Trade Payables Turnover Ratio (In times)
Trade payables turnover ratio is increased from 7.84 to 9.94 due to a proportionally higher increase in credit purchases compared to the rise in average trade payables.
H Net Capital Turnover Ratio (In times)
The movement in the net capital turnover ratio from 26.22 to 108.27 is a result of proportionally higher increase in Revenue from operations compared to working capital .
I Net Profit Ratio (In %)
Net Profit Ratio improved from 4.69% to 10.83% due to significant increase in revenue from operations from Rs. 9,974.65 Lakhs to Rs. 10,062.55 Lakhs during the year and Net Profit from 467.72 to 1090.04 Lakhs as compared to previous year.
J Return on Capital Employed (In %)
Company's Earnings increased from Rs. 1140.87 lakhs to Rs. 2074.88 lakhs,on account of this return on Capital Employed Ratio improved from 14.77% to 24.53%. k Return on Investment (In %)
In current Year, income generated from Invested fund decrease from 9.83 Lakhs to 2 lakhs and Invested fund Increase from 470.35 Lakhs to 566.28 Lakhs and due to this, Return on investment decreases.
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