Notes to Accounts of Shakti Press Ltd.

Mar 31, 2023

Data Not Available

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Jun 30, 2013

1. Depreciation has been charged on Written Down Value method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

2. Related Party Statement as per accounting standard 18. (A) Related Party and their relationship Associates

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Nagpur Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Seoni Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Jhansi Shakti Offset Pvt. Ltd., Nagpur Super Offset Pvt. Ltd., Nagpur Shivart, Nagpur Shakti Offset Works, Nagpur

Sankalp Marketing & Management Services, Nagpur Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Bahadura Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Wadsa Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Nagpur Albeli Leasing & Finance Pvt. Ltd. Nagpur Markdata Advertiseing Pvt. Ltd., Nagpur Mahalaxmi Commercial Services Pvt. Ltd., Nagpur Nova Marketing Pvt. Ltd, Nagpur

Prasidh Commercial Services Pvt. Ltd., Nagpur Update Marketing Pvt. Ltd., Nagpur Shri Suresh Kumar Sharma, Nagpur Mrs Kalpana Sharma, Nagpur

3. The company deals in only one related segment of business i.e. printing, packaging & stationary with manufacturing facilities at three places. Hence segment wise reporting is not necessary as specified in accounting standard 17

4. Previous year''s figures have been re-grouped wherever necessary.

5. Current / previous year''s figures have been taken in rupees thousands.

6. Transactions in Foreign Currencies are recognized at rates existing at the time of transaction. Year end balances of receivables were NIL.

7. Research & Development

There is no expenditure on research & development.

8. Impairment is not recognized to the extent that the recoverable amount of the assets is less than its carrying amount & is charged to Profit & Loss A/c. as prescribed by the ICAI in AS-28.

9. Additional information pursuant to Part-II of Schedule-VI of the Companies Act, 1956.

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Jun 30, 2012

1. Contingent liability not provided for in respect of :

(Rupees'000) 30.06.2012 30.06.2011 [1] Bank Guarantees issued against

a) Bond Issue to Central Excise department for Removal of - - goods without payment of Excise Duty

b) Against Machinery Imported under EPCG License, 18,450.00 18,450.00 wherein duty has been paid at concessional rates.

c) Maharashtra Pollution Control Board 25.00 25.00

2. Depreciation has been charged on Straight Line method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

3. Related Party Statement as per accounting standard 18. (A) Related Party and their relationship

Associates

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Nagpur

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Seoni

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Jhansi

Shakti Offset Pvt. Ltd., Nagpur

Super Offset Pvt. Ltd., Nagpur

Shivart, Nagpur

Shakti Offset Works, Nagpur

Sankalp Marketing & Management Services, Nagpur

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Bahadura

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Wadsa

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Nagpur

Albeli Leasing & Finance Pvt. Ltd. Nagpur

Markdata Advertiseing Pvt. Ltd., Nagpur

Mahalaxmi Commercial Services Pvt. Ltd., Nagpur

Nova Marketing Pvt. Ltd, Nagpur

Prasidh Commercial Services Pvt. Ltd., Nagpur

Update Marketing Pvt. Ltd., Nagpur

Shri Suresh Kumar Sharma, Nagpur

Mrs Kalpana Sharma, Nagpur

4. The company deals in only one related segment of business i.e. printing, packaging & stationary with manufacturing facilities at three places. Hence segment wise reporting is not necessary as specified in accounting standard 17

5. Previous year's figures have been re-grouped wherever necessary.

6. Current / previous year's figures have been taken in rupees thousands.

7. Transactions in Foreign Currencies are recognized at rates exiting at the time of transaction. Year end balances of receivables were NIL.

8. Research & Development

There is no expenditure on research & development.

9. Impairment is recognized to the extent that the recoverable amount of the assets is less than its carrying amount & is charged to Profit & Loss A/c. as prescribed by the ICAI in AS-28.

10. Additional information pursuant to Part-II of Schedule-VI of the Companies Act, 1956.

Computation of net profit in accordance with Section 349 of the Companies Act, 1956 for the year ended 30th June, 2012 (Not required since no commission is paid)

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Jun 30, 2010

1. Contingent liability not provided for in respect of :

(Rupees000)

30.6.2010 31.3.2009

(1) Bank Guarantees issued against

a)Bond Issue to Central Excise department for 183.00 183.00

Removal of goods without payment of Excise Duty.

b)Against Machinery Imported under the EPCG 18450.00 18450.00 Licence, Wherein duty has been paid at Concessional Rates.

[2]Sales Tax demands pending in appeal 22,285.40 415.40

BST CST

A.Y. 1994-95 Rs. 60,958.00 Rs. 19,648.00

A.Y. 1995-96 Rs. 30,47,187.00 Rs. 80,44,572.00

A.Y. 1997-98 Rs. 3,34,789.00 Rs.-

A.Y. 1998-99 Rs. 13,07,401.00 Rs. 25,23.838.00

A.Y. 1999-00 Rs. 30,60,000.00 Rs. 38,87,000.00

Total Rs. 78,10,335.00 Rs. 1,44,75,058.00

2. Depreciation has been charged on Straight Line method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

3. Related Party Statement as per accounting standard 18. (A) Related Party and their relationship

Associates

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Nagpur

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Seoni

Shree Baidyanath Ayurved Bhavan Pvt. Ltd., Jhansi

Shakti Offset Pvt. Ltd., Nagpur

Sri Krsna Cardboards Pvt. Ltd., Nagpur

Super Offset Pvt. Ltd., Nagpur

Shivart, Nagpur

Shakti Offset Works, Nagpur

Sankalp Marketing & Management Services, Nagpur

Swati Enterprises , Nagpur

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Bahadura

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Wadsa

Siddhayu Ayurvedic Research Foundation Pvt. Ltd., Nagpur

Albeli Leasing & Finance Pvt. Ltd. Nagpur

Mark Data Advertiseing Pvt. Ltd., Nagpur

Mahalaxmi Commercial Services Pvt. Ltd., Nagpur

Nova Marketing Pvt. Ltd, Nagpur

Prasidh Commercial Services Pvt. Ltd., Nagpur

Update Marketing Pvt. Ltd., Nagpur

Shri Suresh Kumar Sharma, Nagpur

Mrs Kalpana Sharma, Nagpur

Shri Shantanu Sharma

4. The company deals in only one related segment of business i.e. printing, packaging & stationary with manufacturing facilities at three places. Hence segment wise reporting is not necessary as specified in accounting standard 17

5. Previous years figures have been re-grouped wherever necessary.

6. Current / previous years figures have been taken in rupees thousands.

7. Transactions in Foreign Currencies are recognized at rates exiting at the time of transaction. Year end balances of receivables were NIL.

8. Research & Development.

There is no expenditure on research & development.

9. Impairment is recognized to the extent that the recoverable amount of the assets is less than its carrying amount & is charged to Profit & Loss A/c. as prescribed by the ICAI in AS-28.

10. Additional information pursuant to Part-II of Schedule-VI of the Companies Act, 1956.