BHARAT RASAYAN Notes to Accounts

NOTE NO. - 1


DISCLOSURE ON SPECIFIED BANK NOTES FROM 08-11-2016 TO 30-12-2016 (SBN)


The company have specified bank note or other denomination note as defined in the MCA notification G.S.R. 308 (E) dated 31.03.2017 on the details of Specified Bank Notes (SBN) held and transacted during the period from 08-11-2016 to 30-12-2016. The denomination wise SBNs and other notes as per the notification is given below:


For the purpose of this clause, the term "Specified Bank Note" shall have the same meaning as provided in the notification of Government of India, in the Ministry of Finance, Department of Economic Affairs No. S.O. 3407 (E) dated 08-11-2016.


NOTE NO. - 2.


PROPOSED DIVIDEND


The Board has declared dividend @15% on face value i.e. '''' 10 each subject to shareholders approval


As per revised AS 4 issued wide notification of MCA G.S.R. 364 (E) dated 30th March, 2016, If an enterprise declares dividends to the shareholders after the balance sheet date, the enterprise should not recognize those dividends as a liability at the balance sheet date unless a statute requires otherwise such dividends should be disclosed In the notes. The Total Dividend liability including Dividend Distribution Tax would be '''' 76,70,525/NOTE NO. - 2.31


CORPORAT SOCIAL RESPONSIBILITY


As per the requirement of the provisions of Companies Act, 2013, the Company has made Corporate Social Responsibility contribution.


NOTE NO. -3 RELATED PARTY TRANSACTIONS


As per Accounting Standard AS-18 issued by the Institute of Chartered Accountants of India, the Company''''s related parties with whom transactions executed during the year, are disclosed below :


a) Key Management Personnel & their Relatives


i) Shri S.N.Gupta Chairman & Managing Director


ii) Shri M.P.Gupta Whole Time Director


iii) Shri R.PGupta Whole Time Director


iv) Shri V.K.Sharma Executive Director


v) Smt. Sweety Gupta Wife of Shri S.N.Gupta


vi) Shri Dinesh Gupta Son of Shri S.N.Gupta


vii) Smt. Savita Gupta Wife of Shri M.P. Gupta


viii) Shri Vikas Gupta Son of Shri M.P Gupta


ix) Smt. Manju Gupta Wife of Shri R.P Gupta


x) Shri Sahil Gupta Son of Shri R.P Gupta


xi) Ms. Neha Gupta Daughter of Shri R.P. Gupta


b) Related Entities


i) Bharat Insecticides limited


ii) B R Agrotech Limited


iii) S.N.Gupta & Sons (HUF)


iv) M.P Gupta & Sons (HUF)


v) R.P. Gupta & Sons (HUF)


vi) Bharat Agrochem

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
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