Notes to Accounts of Neeraj Paper Marketing Ltd.

Mar 31, 2024

11.3 Rights, Preferences & Restrictions attached to shares

-The company has one class of equity shares having a par value of Rs. 10/- per share. Each share holder is eligible for one vote per share held.

- In the event of liquidation, the equity share holders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their share holding.

-No Bonus Share has been issued by the company since incorporation of the company

13.1 NATURE OF SECURITY FOR TERM LOANS FROM FINANCIAL INSTITUTIONS

Term Loan from PNB Housing Finance Limited is secured against Security of Office Building of the Company at Unit No.218-222, Plot No.2, Community Centre, Pitampura, Delhi. Term Loan form ICICI Bank and the working capital term loan under GECL of Rs. 2.95 crore from PNB is secured against immovable property of members of promoter group.

13.2 NATURE OF SECURITY OF VEHICLE TERM LOANS

Vehicle Term Loans are secured against Hypothecation of respective Vehicles and personal guarantee of directors.

Deferred tax assets and deferred tax liabilities have been offset wherever the Company has a legally enforceable right to set off current tax assets against current tax liabilities and where the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.

17.1 NATURE OF SECURITY FOR CASH CREDITS

Working Capital Limit from Punjab National Bank (Pre merger Oriental Bank of Commerce) is secured by First charge on the floating assets of the company (Present & future) and personal guarantee of the directors of the company along with personal guarantee of Sh. Rakesh Kumar & Sh. Neeraj Goel, Smt. Madhulika Goel, relatives of the directors of the company & corporate guarantee of Bindal Pulp & Papers Private Limited and Bindal Rolling Mills Limited. The working capital limit is further collaterally secured by Equitable Mortgage of followings properties:

a. Industrial land at Village Bhandura, pargana Muzaffarnagar, in the name of M/s Bindal Rolling Mills Limited.

b. Industrial land at Village Kukada, pargana Muzaffarnagar, in the name of M/s Bindal Pulp & Paper (P) Limited.

c. Residential flat bearing No. W-111, Greater Kailash Part-1 New Delhi in the name of Smt. Madhulika Goel W/o Sh. Neeraj Goel.

d. Residential House at Block No. A-36, DLF City-1, Golf course road, Gurgaon, Haryana in the name of Smt. Madhulika Goel W/o Sh. Neeraj Goel.

The following methods / assumptions were used to estimate the fair values:

(i) The carrying value of cash and cash equivalent, other bank balances, trade receivables, short term borrowings, other financial liabilities and trade payables approximate their fair value mainly due to the short-term maturities of these instruments.

(ii) The fair value of non current borrowings is estimated by discounting future cash flows using rates applicable to instruments with similar terms, currency, credit risk and remaining maturities. The fair values of non current borrowings is assessed by the management to be same as their carrying value and is not expected to be significantly different if estimated by discounting future cash flows using rates currently available for debt on similar terms, credit risk and remaining maturities.

There are no significant unobservable inputs used in the fair value measurement.

42.2 Defined benefit plan

Gratuity liability is defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit

NOTE ''41''

In the opinion of the Board of Directors, Current Assets, Loans and Advances have value on realisation in the ordinary course of the business at least equal to the amount at which they have been stated in the Balance Sheet as at 31st March, 2024.

NOTE ''42''

All amounts stated in the financial statement are in Lakhs except otherwise stated. Further all the actual figures has been divided by Rs.1,00,000/- to arrive at figures in Lacs, hence rounding off effects my be in the figures of the financial statements.

NOTE ''43''

Amount of previous year have been regrouped or rearranged wherever required to confirm to the current year presentation.

See accompanying notes 1 - 43 forming an integral part of the financial statements

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Mar 31, 2015

1. CORPORATE INFORMATION

The company has its Registered Office as well as business place at 218-222, Aggarwal Prestige Mall, Plot NO. 2, Community Centre, along road no. 44, Pitampura, Delhi-110034 The company is engaged in Trading & Marketing Business.

2. Rights, Preferences & Restrictions attached to shares

The company has one class of equity shares having a par value of Rs. 10/- per share. Each share holder is eligible for one vote per share held. In the event of liquidation, the equity share holders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their share holding.

3. NATURE OF SECURITY FOR TERM LOANS FROM FINANCIAL INSTITUTIONS

Term Loan from PNB Housing Finance Limited is secured against Security of Office Building of the Company at Unit No. 218-222 Plot No. 2, Community Centre, Pitampura, Delhi. Term Loan from Kotak Mahindra Bank Limited is secured against Security of Office Building of the Company at Unit No. 217 Plot No. 2, Community Centre, Pitampura, Delhi

4. TERMS OF REPAYMENT FOR UNSECURED LOANS FROM OTHERS

The Company has not given any security for Loan taken from others. The company has ultimate right to defer the repayment of loan.

5. NATURE OF SECURITY FOR VEHICLE LOANS

Vehicle Loans are secured against hypothecation of vehicles and personal guarantee of directors.