| 1.SHARE CAPITAL
The Company has only one class of share capital ,i.e, equity shares
having face value of Rs. 10 per share. Each holder of equity share is
entitled to one vote per share
The aggregate number of equity shares alloted as fully paid up by way
of bonus shares in immediately preceding five ended march 31,2015 are
38,40,838 (previous period of five years ended march 31,2014: 38,40,838
shares)
2. Corporate Information
Speciality Papers Limited ("Company") has been incorporated in India on
July 18. 1961 under the Companies Act 1956. The principal activities of
the Company include trading of various types papers and production of
tissue paper, toilet rolls, and Paper napkins of different sizes as per
customer specifications.
3. Foreign Currency Transaction :
(a) Imports during the year (C1F) value - Rs. Nil (Previous Year: Nil)
(b) Expenditure in Foreign Currencies during the year
[i] Travelling NIL (NIL)
[ii] Others NIL (NIL)
4. Disclosure pertaining to Micro, Small and Medium Enterprises
Development Act 2006 (as per information available with the company) :
Principal amount due outstanding as at March 31, 2015 is Rs.NIL, and
interest paid is Rs. NIL.
5. Earnings in foreign exchange : NIL
6. Balance confirmations :
Sundry Debtors, Advances, Deposits and Current liabilities are subject
to confirmation adjustments if any on confirmation.
7. Related Party disclosures under Accounting Standard 18
Nature of Relationship Name of related parties
Chairman / Managing Director Nemchand. J. Gala. I
Director Urmila. N. Gala.
Director Darshak. N. Gala.
Associate Companies
Reliable Paper (India) Ltd.
Prime Hygiene Papers Pvt Ltd.
Global Impex Private Ltd
Transactions with related P arties
2014-15
Particulars Nature of Transaction Amount Rs
Salary / Remuneration
Urmila Gala Rent 2,22,000
Urmila Gala Unsecured Loan 10,000
Purchase / Sales
Reliable Paper Mart Sales of goods 4,90,779
Reliable Paper Mart Purchase of goods 7,08,70,804
Particulars 2013-14 Amount
Salary / Remuneration
Urmila Gala 2,22,000
Urmila Gala 5.000
Purchase / Sales
Reliable Paper Mart 19,01,624.56
Reliable Paper Mart Nil
8. Segment Reporting:
The company is in to trading and manufacturing of Paper and Paper
related Product. The company has only one segment, therefore no
separate disclosure of segment wise information is made.
9. Comparatives:
Comparative financial information (i.e. the amounts and other
disclosures for the preceding year) presented above, is included as an
integral part of the current year's financial statement, and is to be
read in relation to the amounts and other disclosures relating to the
current Figures of the previous year are regrouped and reclassified,
wherever necessary to correspond to figures of the current year.
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