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Arvind International 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 :2013-03 
1) Contingent Liabilities not provided for in respect of :-

a) Dsiputed demand from commercial Tax Authority Rs 1.35 lacs for financial year 2001 -02 (Previous year Rs 1.35 lacs) is under appeal with Deputy Tax Officer,Commercial Taxes Spl-4, Jaipur

b) Leasehold land for a period of 99 years from 19th August 1994 is standing in accounts as per payments made, to be amortised on settlement of premium with the lessor.

2) As per Accounting Standard 15 Related to Employees Benefit following disclosures are given ;-

(A) The Company regularly considers its Liability for employees as defined benefit obligation. Provision for gratuity are made on actuarial valuation of the present value of defined benefit obligations made at intervals not exceeding three years. But from this year the number of employeses being very less, the Employees Gratuity liability has been estimated by the company.

3) Disclosure of Sundry Creditor under Current Liability in regard to the amounts due to entities covered under under the Micro.Small and Medium Enterprises Development Act,2006(MSMED Act 2006).In this respect, company at the time of negotiating the transaction of purchases, required the suppliers to inform whether any suppliers of goods on credit was coming under the provision of the Micro.Small and Medium Enterprises Development Act 2006,but no information in this matter was received from any such Vendors, as a result following information required to be furnised under the provisions of MSMED Act,2006 could not be furnised

The company has not received any inofrmation from any of its suppliers (Creditors) of their status of being a Small Scale Industrial (SSI) unit. Hence the amount, if any due to any such unit as on date of balance sheet is not ascertainable.

4) As per approval of Remuneration Committee the Managing Director was paid the following remuneration' in accordance with Section II of Part II of Schedule XIII of the companies Act, 1956

5) No person was employed by the company either throughout the year or for a part of the year under review, whose remuneration for the year in aggregate was not less than Rs 24,00,000/- or Rs 2,00,000 per month when employed for any part of the Finacial Year.

6) Related party disclosures Relationships with Related Party

i) Enterprises in which Key Management personnel have significant Infulence :

a) Arvind Coir Foam Private Limited ( ACFPL)

b) Asthavinayak Enterprises Private Limited.( AEPL)

c) Arvind Bajoria ( AB )

d) Anupama Bajoria (ANB )

e) Ruchika Bajoria (RB)

ii) Key Management Personnel : Sri Arvind Bajoria Managing Director

7) Prevoius year Figures have been regrouped and/or rearranged wherever found necessary in accordance with Revised Form of Schedule VI of the Companies Act, 1956.


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