| 1. CORPORATE INFORMATION
Vallabh Poly Plast International Limited ('VPPIL'), 'the Company' was
originally incorporated on April 1, 1989 as a Partnership Firm, bearing
the name Vallabh Poly-Plast. The said firm was reconstituted thrice on
January 27, 1993, April 2, 1993 and July 14, 1993. Thereafter, on
October 7, 1994, it was converted into a Private Limited Company. On
December 1, 1994, the Company was converted to a Public Limited
Company. The Company was engaged in manufacturing of Plastic Plain /
Printed Bags, Rolls, Garbage and Zhabala Bags etc till 2008, thereafter
it is now carrying on the activities of commission, brokerage and
packaging services.
2. There is no employee in the Company during the year, therefore
compliance to requirement of Accounting Standard (AS-15 Revised)
pertaining to making provision for future gratuity liability and leave
encashment is not applicable.
3. There is no amount due and payable to 'Suppliers' registered under
the Micro, Small and Medium Enterprises Development Act, 2006 at the
end of the year. No interest has been paid/ is payable by the Company
during/for the year to these 'Suppliers'.
4. In the opinion of the Board, the assets of the company have a value
on realization in the ordinary course of business atleast equal to the
amount at which they are stated.
5. The Company has filed its return of income upto A.Y.2014-15 and its
Income tax assessment has been completed up to assessment year 2012-13
as per the return of income filed by the Company.
6. The Company was engaged in manufacturing of Plastic Plain / Printed
Bags, Rolls, Garbage and Zhabala Bags etc till 2008, thereafter it is
now carrying on the activities of commission, brokerage and packaging
services and as such there are no separate reportable segments as
specified in Accounting Standard (AS 17) on "Segment Reporting".
7. Figures for the previous year have been regrouped, rearranged and
reclassified wherever necessary. Accordingly, amounts and other
disclosure for the previous year are included as an integral part of
the current year's financial statement and are to be read in relation
to the amounts and other disclosures relating to the current year.
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