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Notes to Accounts of CMI Ltd.

Mar 31, 2015

NOTE - 1.1

Terms & rights attached to Equity shares

The Company has issued only one class of shares, i.e. equity shares of face value of Rs. 10/- each. All Equity Shareholders are entitled to one vote per share.

In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in the proportion to their shareholdings.

Note 1.2

a. The Company has not issued any bonus shares in the last five years.

b. The Company has not bought back any share in the last five years.

c. The Company has not issued share other than cash in the last five years.

2. Contingent Liabilities

Contingent Liabilities are not provided for in the accounts and are disclosed by way of notes herein below:

(Rs. in Lacs) Sl. Nature of March 31,2015 March 31,2014 No

(a) Counter Guarantee given to Company's Bankers for the 970.39 895.40 Guarantee given by them on behalf of the Company (Net of Advances)

(b) Pending suit in court filed by parties for alleged demand for 64.36 64.36 recovery.

3. The most recent actuarial valuations of plan assets and the present values of the defined benefit obligations were carried out at March 31,2015. The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the Projected Unit Credit Method.

Gratuity:

As per actuarial valuation, the Present Value of Obligation is Rs. 78.73 Lacs and the Fair Value of Plan Assets is of Rs. 16.17 Lacs and the Net Gratuity Liability is Rs. 62.56 Lacs as on March 31, 2015.

Leave encashment:

As per actuarial valuation, the Present Value of Obligation is Rs. 7.51 Lacs and the Fair Value of Plan Assets is of Rs. Nil and the Net Leave Encashment Liability is Rs. 7.51 Lacs as on March 31, 2015 and is provided in the books of account.

4. In the opinion of Board, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated and provision for all known liabilities has been made.

5. Auditors' remuneration (Inclusive service tax) includes the following:

6. The Company has manufactured various types of Cables during the year under review; therefore there are no separate reportable segments as per Accounting Standard 17.

7. Leases:

i) The disclosure under Accounting Standard - 26 (Intangible Assets):- The Company has no Intangible Asset as on 31.03.2015.

ii) Disclosure under AS-19 (Leases):-

All operating leases entered into by the Company are cancelable on giving notice of one to three months. As per AS-19 (Leases), the disclosure requirements for operating leases of the Company are as follows:

(a) the total of future minimum lease payments under non-cancellable operating leases for each of the following periods:

(i) not later than one year;

(ii) later than one year and not later than five years;

(iii) later than five years;

(b) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the balance sheet date;

- Not Applicable

(c) Lease payments recognized in the statement of profit and loss for the period, with separate amounts for minimum lease payments and contingent rents;

- Details of lease payments recognised in the statement of profit and loss for the period are as per Clause 1(a) here in above and there are no contingent rents.

(d) Sub-lease payments received for (or receivable) recognized in the statement of profit and loss for the period;

- Not Applicable

(e) a general description of the lessee's significant leasing arrangements including, but not limited to, the following:

(i) the basis on which contingent rent payments are determined;

(ii) the existence and terms of renewal or purchase options and escalation clauses; and

(iii) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing.

- Not Applicable

8. Pursuant to the enactment of Companies Act, 2013, the company has applied the estimated useful lives as specified in schedule II. Accordingly, the unamortized carrying value is being depreciated/ amortized over the revised/ remaining useful lives. The written down value of fixed assets whose lives have expired as at 1st April, 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to Rs. 91,78,519.

9. Trade Payables include an amount of Rs. 1.09 Lacs (Previous year Rs. 0.69 Lacs) being amount payable to Micro, Small & Medium Enterprises as defined in Micro, Small & Medium Enterprises Development Act, 2006. The outstanding exceeding Rs. 1.00 lac for a period in excess of 45 days at balance sheet date is nil.

The details of MSME dues have been furnished to the extent such parties have been identified by the Company based on information made available by them.

10. That the company has test marketed the LEGO MINDSTORM EV-3 CORE SET - 45544 and sold the same for Rs. 67,497.90 and the same is included in Sale of products.

II. Parties in which the Key Managerial Personnel/ Directors of the Company are interested:

a) M/s Wireco (India) - A proprietorship concern of Mr. Pyare Lal Khanna, director of the company.

b) Vardhman Cables India Pvt. Ltd. - Relative of director is director of the company.

c) RKJ Alloys & Conductors Pvt. Ltd. - Relative of director is director of the company.

d) Lancer Telecom (India) Pvt. Ltd. - Relative of director is director of the company.

III. Relatives of Key Managerial personnel/ directors of the Company:

Mr. Parag Jain, Mrs. Himani Jain

a) Remuneration paid to:

Mr. Amit Jain Rs. 21.00 Lacs (Previous Year Rs. 18.00 Lacs)

Mr. V.K. Gupta Rs. 6.00 Lacs (Previous Year Rs. 6.00 Lacs)

b) Mr. Subodh Kumar Barnwal Rs. 5.59 Lacs (Previous Year Rs. 5.15 Lacs)

c) Mr. Raj Kumar Rs. 1.80 Lacs (Previous Year Rs. 1.80 Lacs)

d) Interest paid / payable to:

Mr. Amit Jain Rs. 12.30 Lacs (Previous Year Rs. 10.24 Lacs)

e) Lease rent (Vehicle) paid / payable to:

Mr. Amit Jain Rs. 0.75 Lacs (Previous Year Rs. Nil)

f) Transactions in unsecured Loans received during the year with;

Mr. Amit Jain Rs. 235.25 Lacs (Previous Year Rs. 180.84 Lacs)

Lancer Telecom (India) Pvt. Ltd. Rs. 6 Lacs (Previous Year 86 Lacs)

RKJ Alloys & Conductors Pvt. Ltd. Rs. 1962.67 Lacs (Previous Year 1299.74 Lacs) Vardhman Cables India Pvt. Ltd. Rs. Nil (Previous year 147.50 Lacs)

Himani Jain Rs. 5 Lacs (Previous year Nil )

g) transactions in unsecured Loans received paid back during the year with;

Mr. Amit Jain Rs. 253.37 Lacs (Previous Year Rs. 604.92 Lacs)

Lancer Telecom (India) Pvt. Ltd. Rs. 6 Lacs (Previous Year 86 Lacs)

RKJ Alloys & Conductors Pvt. Ltd. Rs. 2307.67 Lacs (Previous Year 1440.17 Lacs) Vardhman Cables India Pvt. Ltd. Rs. 3.25 Lacs (Previous Year 169.63 Lacs)

Himani Jain Rs. 5 Lacs (Previous year Nil )

Deferred Tax Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation laws.

11. There is no amount due and outstanding to be credited to Investor Education & Protection Fund during the year.

12. Certain debit and credit balances of the parties are subject to confirmations.

13. Previous year figures have been regrouped /rearranged wherever considered necessary.

14. Information required in terms of the Schedule III to the Companies Act, 2013 as complied by the Company is attached.


Mar 31, 2014

NOTE 1

Terms & rights attached to Equity shares and Preference Share

The Company has issued only one class of shares, i.e. equity shares of face value of Rs 10/- each.

NOTE 2

The Company has issued 4,81,307 Equity Shares in the last five years as preferential allotment.

3. Contingent Liabilities

Contingent Liabilities are not provided for in the accounts and are disclosed by way of notes herein below :

(Rs. in Lacs)

Sl. Nature of Liability March 31, 2014 March 31, 2013 No.

(a) Counter Guarantee given to 895.40 836.95 Company''s Bankers for the Guarantee given by them on behalf of the Company (Net of Advances)

4. The most recent actuarial valuations of plan assets and the present values of the defined benefit obligations were carried out at 31 March, 2014. The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the Projected Unit Credit Method.

Gratuity:

As per actuarial valuations the Present Value of Obligation is Rs. 74.92 Lacs and the Fair Value of Plan Assets is of Rs. 14.84 Lacs and the Net Gratuity Liability is Rs. 66.08 Lacs as on 31st March, 2014.

Leave Encashment:

As per actuarial valuations the Present Value of Obligation is Rs. 6.93 Lacs and the Fair Value of Plan Assets is of Rs. Nil and the Net Leave Encashment Liability is Rs. 6.93 Lacs as on 31st March, 2014 and is provided in the books of account.

5. In the opinion of Board, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated and provision for all known liabilities has been made.

6. The Company has manufactured various types of Cables during the year under review; therefore there are no separate reportable segments as per Accounting Standard 17.

7. Leases :

i) The disclosure under Accounting Standard - 26 (Intangible Assets) :-

The Company has no Intangible Asset as on 31.03.2014.

ii) Disclosure under AS-19 (Leases) :-

All operating leases entered into by the Company are cancelable on giving notice of one to three months. As per AS-19 (Leases), the disclosure requirements for operating leases of the Company are as follows:

(a) the total of future minimum lease payments under non-cancellable operating leases for each of the following periods:

(i) not later than one year;

(ii) later than one year and not later than five years;

(iii) later than five years;

(b) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the balance sheet date;

* Not Applicable

(c) Lease payments recognized in the statement of profit and loss for the period, with separate amounts for minimum lease payments and contingent rents;

* Details of lease payments recognised in the statement of profit and loss for the period are as per Clause 1 (a) here in above and there are no contingent rents.

(d) Sub-lease payments received for (or receivable) recognized in the statement of profit and loss for the period;

* Not Applicable

(e) a general description of the lessee''s significant leasing arrangements including, but not limited to, the following:

(i) the basis on which contingent rent payments are determined;

(ii) the existence and terms of renewal or purchase options and escalation clauses; and

(iii) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing.

* Not Applicable

8. Trade Payables include an amount of Rs. 0.69 (Previous year Rs. 3.02 Lacs) being amount payable to Micro, Small & Medium Enterprises Development Act, 2006, including balances exceeding Rs. One Lakh in aggregate. The outstanding exceeding Rs. 1.00 lac for a period in excess of 45 days at balance sheet date is nil.

The details of MSME dues have been furnished to the extent such parties have been identified by the Company based on information made available by them.

Notes:

a) Remuneration paid to :

Mr. Amit Jain Rs. 18.00 Lacs (Previous Year Rs. 16.50 Lacs)

Mr. V. K. Gupta Rs. 6.00 Lacs (Previous Year Rs. 6.00 Lacs)

b) Interest paid / payable to :

Mr. Amit Jain Rs. 10.24 Lacs (Previous Year Rs. 77.36 Lacs)

c) Transactions in Unsecured Loans Received during the year with;

Amit Jain Rs. 180.84 Lacs (Previous Year Rs. 151.48 Lacs)

Himani Jain Rs. Nil (Previous Year Rs. 2.50 Lacs)

Parag Jain Rs. Nil (Previous Year Rs. 1.25 Lacs)

Wireco (India) Rs. 0.01 Lacs (Previous Year Rs. 27.14 Lacs)

d) Transactions in Unsecured Loans Received paid back during the year with;

Amit Jain Rs. 604.92 Lacs (Previous Year Rs. 213.78 Lacs)

Himani Jain Rs. Nil (Previous Year Rs. 2.50 Lacs)

Parag Jain Rs. Nil (Previous Year Rs. 1.25 Lacs)

Wireco (India) Rs. 0.01 Lacs (Previous Year Rs. 27.14 Lacs)

9. There is no amount due and outstanding to be credited to Investor Education & Protection Fund during the year.

10. The letters for Balance Confirmation were sent to all parties against which no objection has been received from the parties. Hence, balances in the books of accounts have been considered.

11. That Fixed deposits with more than twelve months maturity have been classified under the head "Other Non Current Assets" and Security Deposits have been classified under the head "Short Term Loans and Advanes".

12. Previous year figures have been regrouped /rearranged wherever considered nec- essary.

13. Information required in terms of part IV of the Schedule VI to the Companies Act, 1956 as complied by the Company is attached.


Mar 31, 2013

The Financial Statements are prepared under the historical cost convention, on going concern concept and in compliance with the relevant accounting principles, accounting standards issued by the Institute of Chartered Accountants of India and relevant provisions of the Companies Act, 1956. The company follows the mercantile system of accounting and recognizes income and expenditure on accrual basis to the extent measurable and where there is certainty of ultimate realization in respect of incomes.

1. Contingent Liabilities

Contingent Liabilities are not provided for in the accounts and are disclosed by way of notes herein below :

2. The most recent actuarial valuations of plan assets and the present values of the defined benefit obligations were carried out at 31 March, 2013. The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the Projected Unit Credit Method.

Gratuity :

As per actuarial valuations the Present Value of Obligation is Rs. 80.85 Lacs and the Fair Value of Plan Assets is of Rs. 13.90 Lacs and the Net Gratuity Liability is Rs. 66.95 Lacs as on 31st March, 2013 and out of Net Liability of Gratuity Rs. 64.17 relating to the period up to 31st March 2012 has been adjusted against revenue reserve and surplus.

Leave Encashment :

As per actuarial valuations the Present Value of Obligation is Rs. 7.18 Lacs and the Fair Value of Plan Assets is of Rs. Nil and the Net Leave Encashment Liability is Rs. 7.18 Lacs as on 31st March, 2013 is provided in the books of accounts.

3. In the opinion of Board, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated and provision for all known liabilities has been made.

4. Share Application Money

Amit Jain, in the capacity of promoter director was allotted 168324 Equity shares of the Company subsequent to the conversion of first tranche of 160308 warrants out of total 328632 Convertible Warrants at a price of Rs. 25.76/- per convertible warrant, which were allotted in the Extra Ordinary General Meeting held on 28th February, 2011 in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements), 2009 read with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The conversion option was exercised in the board meeting held on 30th July, 2012.

Accordingly, the amount of share capital is enhanced by Rs. 1683240/- (168324 Equity Shares of the Face Value of Rs. 10/- each) and share premium account is added with an amount of Rs. 26,52,786/- (168324 X Rs. 15.76/-).

5. The Company has manufactured various types of Cables during the year under review; therefore there are no separate reportable segments as per Accounting Standard 17.

6. Leases:

i) The disclosure under Accounting Standard – 26 (Intangible Assets) :-

The Company has no Intangible Asset as on 31.03.2013.

ii) Disclosure under AS-19 (Leases) :-

All operating leases entered into by the Company are cancelable on giving notice of one to three months. As per AS-19 (Leases), the disclosure requirements for operating leases of the Company are as follows:

(a) the total of future minimum lease payments under non-cancellable operating leases for each of the following periods:

(i) not later than one year;

(ii) later than one year and not later than five years;

(iii) later than five years;

(b) the total of future minimum sublease payments expected to be received under non- cancellable subleases at the balance sheet date;

l Not Applicable

(c) Lease payments recognized in the statement of profit and loss for the period, with separate amounts for minimum lease payments and contingent rents;

l Details of lease payments recognised in the statement of profit and loss for the period are as per Clause 1(a) here in above and there are no contingent rents.

(d) Sub-lease payments received for (or receivable) recognized in the statement of profit and loss for the period;

l Not Applicable

(e) a general description of the lessee''s significant leasing arrangements including, but not limited to, the following:

(i) the basis on which contingent rent payments are determined;

(ii) the existence and terms of renewal or purchase options and escalation clauses; and

(iii) restrictions imposed by lease arrangements, such as those concerning divi- dends, additional debt and further leasing. l Not Applicable

7. Trade Payables include an amount of Rs. 3,02,047/- (Previous year Rs. 8,47,478/-) being amount payable to Micro, Small & Medium Enterprises Development Act, 2006, including balances exceeding Rs. One Lakh in aggregate. The outstanding exceeding Rs. 1.00 lac for a period in excess of 45 days at balance sheet date is nil.

The details of MSME dues have been furnished to the extent such parties have been identified by the Company based on information made available by them.

8. RELATED PARTY TRANSACTIONS AS PER ACCOUNTING STANDARD 18:

I. Key Managerial Personnel

Mr. Amit Jain Managing Director

Mr. V.K. Gupta Director

II. Parties in which the Key Managerial Personnel/ Directors of the Company are interested :

M/s. Wireco (India) - A proprietorship concern of Mr. Pyare Lal Khanna, director of the company.

III. Relatives of the Key Managerial Personnel/ Directors of the Company:

Mr. Parag Jain, Mrs. Himani Jain.

9. There is no amount due and outstanding to be credited to Investor Education & Protection Fund during the year.

10. The letters for Balance Confirmation were sent to all parties against which no objection has been received from the parties. Hence, balances in the books of accounts have been considered.

11. Previous year figures have been regrouped /rearranged wherever considered necessary.

12. Information required in terms of part IV of the Schedule VI to the Companies Act, 1956 as complied by the Company is attached.


Mar 31, 2010

1. Contingent Liabilities

Contingent Liabilities are not provided for in the accounts and are disclosed by way of notes herein below: (Rs. in Lacs)

Sl. No.Nature of Liability March 31, March 31, 2010 2009

(a)Counter Guarantee given to Companys Bankers for 357.87 418.85 the Guarantee given by them on behalf of the Company (Net of Advances)

(b)Liability in respect of gratuity and leave encashment 65.79 42.49

(c)Liability in respect to Sales Tax Demand for the Nil 4.07 financial year 2005-06

2. In the opinion of Board, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated and provision for all known liabilities has been made.

3. The most recent actuarial valuations of plan assets and the present values of the defined benefit obligations were carried out at 31 March, 2010. The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the Projected Unit Credit Method.

Gratuity:

As per actuarial valuations the Present Value of Obligation is Rs. 77.56 Lacs and the Fair Value of Plan Assets is of Rs. 13.02 Lacs and the Net Gratuity Liability is Rs. 64.54 Lacs as on 31st March, 2010 is yet to be provided in the books of accounts.

Leave Encashment:

As per actuarial valuations the Present Value of Obligation is Rs. 5.06 Lacs and the Fair Value of Plan Assets is Rs. Nil and the Net Leave Encashment Liability is Rs. 5.06 Lacs as on 31st March, 2010; Rs. 3.81 lacs is provided in the books of accounts and Rs. 1 25 lacs yet to be provided in the books of accounts.

4. Managerial Remuneration -

A. Calculation of Managerial Remuneration under Section 198 of the Companies Act, 1956:

*As the Company is having inadequate profits, the remuneration so paid is in accordance with the provisions of Clause A of section II Part II of Schedule XIII and hence not restricted to limit of 5% of Net Profit under Section 309.

As depicted in Table "B" above, the effective capital of the Company is between the limits of Rupees 5 Crores or more but less than Rupees 25 Crore, therefore a managerial person can be paid Rs. 15.00 Lacs (i.e. Rs. 1.25 Lacs per month. Accordingly Mr. AmitJain, the Managing Director of the Company, has been paid a total remuneration of Rs. 11.86 Lacs during the year under review in compliance to the aforesaid provisions of Schedule XIII of the Companies Act, 1956.

** Mr. Vijay Kumar Gupta, Director of the Company has been paid commission during the current year Rs. 5,65,899/- and previous financial year Rs. 1,44,033/-. During his tenure as Non- Executive Director in the financial year 2009-10, he has been paid commission (for rendering services of professional nature) to the tune ofRs. 5,65,899/- which is in excess of limits of 1% by Rs. 3,61,437/- (i.e. Rs. 5,65,899 less 2,04,462) for maximum commission payable to Non-Executive Directors under Section 309 of the Companies Act, 1956. The excess amount so paid to him shall be refunded back by him in compliance with the provisions of Section 309(5A) of the Companies Act, 1956.

Directors Remuneration as approved by the shareholders and within the limits prescribed under Schedule XIII to the Companies Act, 1956:-

5. Share Application Money

An Extra-ordinary General Meeting of the Members of the Company was held as on 2nd February, 2010 for allotment of shares to Mr. Amit Jain, the existing promoter on preferential basis. Out of unsecured loan infused upto 31sl March 2010 by Mr. Amit Jain, the existing promoter and Managing Director, a sum of Rs. 100.00 lacs has been treated as Share Application Money. This is still pending with respect to the said preferential allotment of shares to Mr. Amit Jain. The balance amount payable, if any, on the equity shares on the re-computation of price as per the pricing criteria under the ICDR Regulations shall be paid by Managing Director within the prescribed time.

6. Foreign Currency Receipts & Expenditure - Nil

7. The Company has manufactured various types of Cables during the year under review; therefore there are no separate reportable segments as per Accounting Standard 17.

8. Leases:

i) The disclosure under Accounting Standard - 26 (Intangible Assets):-

The Company has no Intangible Asset as on 31.03.2010.

ii) Disclosure under AS-19 (Leases):-

All operating leases entered into by the Company are cancelable on giving notice of one to three months. As per AS-19 (Leases), the disclosure requirements for operating leases of the Company are as follows: (a) the total of future minimum lease payments under non-cancellable operating leases for each of the following periods:

(i) not later than one year;

(ii) later than one year and not later than five years;

(Hi) later than five years;

(b) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the balance sheet date;

Not Applicable

(c) Lease payments recognized in the statement of profit and loss for the period, with separate amounts for minimum lease payments and contingent rents;

Details of lease payments recognised in the statement of profit and loss for the period are as per Clause 1(a) here in above and there are no contingent rents.

(d) Sub-lease payments received for (or receivable) recognized in the statement of profit and loss for the period;

Not Applicable

(e) a general description of the lessees significant leasing arrangements including, but not limited to, the following:

(i) the basis on which contingent rent payments are determined; (ii) the existence and terms of renewal or purchase options and escalation clauses; and (iii) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing.

Not Applicable

9. Sundry Creditors include an amount of Rs. 33,49,793/- (Previous year Rs. 2,690,475/) being amount payable to Small Scale Industrial Undertakings (SSI) as defined under Industrial (Development and Regulation) Act, 1951, including balances exceeding Rs. One Lakh in aggregate. That outstanding exceeding Rs. 1.00 lacs for a period in excess of 45 days at the date of Balance sheet is nil.

The details of SSI dues have been furnished to the extent such parties have been identified by the Company based on information available.

10. RELATED PARTY TRANSACTIONS AS PER ACCOUNTING STANDARD 18:

I. Parties where control exists

CMI Telecom Limited Subsidiary Company

II. Key Managerial Personnel

Mr. Amit Jain Managing Director

III. Parties in which the Key Managerial Personnel/ Directors of the Company are

interested:

a. RKJ Construction Private Limited - Mr. Amit Jain is a Director

b. Imex Buildwell Private Limited - Mr. Amit Jain is a Director

c. Jurassic Park Real Estates Private Limited - Mr. Amit Jain is a Director

d. Pearl Regency Real Estates Private Limited - Mr. Amit Jain is a Director

e. Wireco (India) -A proprietorship concern of Mr. Pyare Lai Khanna

IV. Relatives of Key Managerial Personnel:

a. Mr. Parag Jain - Brother

b. Mrs. Kshama Jain- Brothers Wife

Notes:

a) Transactions in Job Work with;

Wireco India Rs. Nil (Previous Year Rs. 5.50 Lacs)

b) Remuneration paid to:

Mr Amit Jain Rs. 11.87 Lacs (Previous Year Rs 9.96 Lacs)

c) Commission paid in Professional capacity to:

Mr. V. K. Gupta 5.66 Lacs, out of which he can draw only Rs. 2.04 Lacs & the balance, shall be refunded back by him (Previous Year Rs. 1.445 Lacs)

d) Interest paid / payable to:

Wireco (India) Rs, 11.94 (Previous Year Rs. Nil)

e) investments made into:

CMI Telecom Limited Rs. 4.99 Lacs (Previous Year Rs. 4.99 Lacs)

f) Transactions in Unsecured Loans Received during the year with;

Amit Jain Rs, 780.97 Lacs (Previous Year Rs 12.52 Lacs) Wireco (India) Rs. 132.00 Lacs (Previous Year Rs. 86.39 Lacs)

g) Transactions in Unsecured Loans Received paid back during the year with;

Amit Jain Rs. 540.10 Lacs (Previous Year Rs. 51.72 Lacs) Kshama Jain Rs 62.75 Lacs (Previous Year Rs. (33.50 Lacs) Parag Jain Rs. 47,96 Lacs (Previous Year Rs. Nil) Wireco (India) Rs.136.50 Lacs (Previous Year Rs. 75.33 Lacs)

h) Transactions in Advances Received during the year with;

Wireco (India) Rs. Nil (Pi evicts Year Rs. 205 Lacs)

11 There is no amount due and outstanding to be credited to Investor Education & Protection Fund during the year,

12. Sundry Debtors, Sundry Creditors, Loans & Advances and other advances are taken as per books subject to confirmation from parties.

13. Previous year figures have been regrouped /rearranged wherever considered necessary.

14. The Consolidated financial statements of the Company and its Wholly Owned Subsidiary Company are annexed and no separate schedule and notes to accounts have been prepared for the same. The Schedules and notes to accounts annexed with the main balance sheet to be referred for any purposes.

15. Information required in terms of part IV of the Schedule VI to the Companies Act, 1956 as complied by the Company is attached.

 
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