Mar 31, 2015
31.3.2015 31.3.2014
1. Contingent liability not provided for
in respect of:
(a) Income tax demand disputed pending on
appeal 41,08,129 41,08,129
(which includes income tax demand for the
A.Y-2004-05
for Rs.704531/- has been paid in full and
dispute pending on appeal)
(b) Bills discounted with banks 7,18,84,448 9,85,26,158
(c) Income tax demand for the A.Y2003-04 and 2004-05 fully paid and
pending before the assessing Officer in connection with Section 80HHC.
(d) A.Y 2003-04 pending with CIT appeal III
2. The Company has received insurance claim settlement amounting to
Rs.42,29,575/- for Nagelkeni Unit and Rs.708013/- for Uthiramerur Unit
during this year.
3. RELATED PARTIES TRANSACTIONS:
The Company has entered into the following transactions with related
parties as defined in Accounting Standard 18 issued by the institute of
Chartered Accountants of India.
4. The balances in sundry debtors, sundry creditors, loans, certain
bank balances and advances including advances to capital contracts are
subject to confirmation, reconciliation and consequential adjustments,
if any, to be made.
5. Previous year figures have been regrouped wherever considered
necessary to conform to current year's classification.
Mar 31, 2014
(A) OTHER NOTES
31.3.2014 31.3.2013
1. Contingent liability not provided for in
respect of:
(a) Income tax demand disputed pending on appeal 41,08,129 41,08,129
(which includes income tax demand for the
A.Y-2004-05 for Rs.704531/- has been paid in full
and dispute pending on appeal)
(b) Bills discounted with banks 9,85,26,158 9,83,17,055
(C) Income tax demand for the A.Y.2003-04 and 2004-05 fully paid and
pending before the High Court in connection with Sec.80HHC.
(d ).A.Y 2003-04 pending with CIT appeal III
2. Loss Due to heavy rain/Strongwind
Total Loss claimed with Insurance Company amounting to to Rs.27,57,000
due to heavy rain/strong wind on 26/05/2013.The Company has preferred
an insurance which is under process. The details are as follows
3. Previous year figures have been regrouped wherever considered
necessary to conform to current year''s classification.
Mar 31, 2013
1. RELATED PARTIES TRANSACTIONS:
The Company has entered into the following transactions with related
parties as defined in Accounting Standard 18 issued by the institute of
Chartered Accountants of India.
2. The balances in sundry debtors, sundry creditors, loans, certain
bank balances and advances including advances to capital contracts are
subject to confirmation, reconciliation and consequential adjustments,
if any, to be made.
3. Previous year figures have been regrouped wherever considered
necessary to conform to current year''s classification.
Mar 31, 2012
31.3.2012 31.3.2011
1. Contingent liability not provided for
in respect of:
(a) Income tax demand disputed pending on 41,08,129 28,73,476
appeal (which includes income tax demand
for the A.Y-2004-05 for Rs. 704531/- has
been paid in full and disputed pending
on appeal)
(b) Bills discounted with banks 3,05,18,813 11,80,53,920
(C) Income tax demand for the
A.Y.2003-04 and 2004-05 fully paid and
pending before the High Court in
connection with Sec.80 HHC.
(d) A.Y 2003-04 pending with
CIT appeal III
Note: The remuneration paid to the Managing Director and Whole Time
Director is within the limits specified under Schedule XIII to the
Companies Act, 1956.
2. RELATED PARTIES TRANSACTIONS:
The Company has entered into the following transactions with related
parties as defined in Accounting Standard 18 issued by the institute of
Chartered Accountants of India.
3. The balances in sundry debtors, sundry creditors, loans, certain
bank balances and advances including advances to capital contracts are
subject to confirmation, reconciliation and consequential adjustments,
if any, to be made.
4. Previous year figures have been regrouped wherever considered
necessary to conform to current year's classification.
Mar 31, 2010
(1) OTHER NOTES 31.3.2010 31.3.2009
1. Contingent liability not
provided for in respect of:
(a) Income tax demand disputed
pending on appeal 28,73,476 28,73,476
(b) Bills discounted with banks 5,73,21,467 4,33,37,569
(C) Income tax
demand for the A. Y.2003-04 and
2004-05 fully paid and pending before the High Couriin connection with
Sec.80HHC.
2. RELATED PARTIES TRANSACTIONS:
The Company has entered into the following transactions with related
parties as defined in Accounting Standard 18 issued by the institute of
Chartered Accountants of India.
3. The balances in sundry debtors, sundry creditors, loans, certain
bank balances and advances including advances to capital contracts are
subject to confirmation, reconciliation and consequential adjustments,
if any, to be made.
4. Previous year figures have been regrouped wherever considered
necessary to conform to current years classification.