Mar 31, 2015
Not available
Mar 31, 2014
1. The previous year figures have been regrouped/ reclassified,
wherever necessary to conform to the current year's presentation.
(i) Cash credit facilities are secured by way of hypothecation of all
Stock of Inventories, book debts and other current assets of the
company both present and future, additionally secured by way of second
charge on all the fixed assets of the company
(ii) All short-term borrowings guaranteed by directors of the
Company
Note 2. Deferred Tax
After considering the deferred Tax Liability due to timing difference
on account of depreciation and Deferred Tax Assets due to carry forward
unabsorbed Depreciation net impact was on Deferred Tax Assets which has
not been recognized due to conservative accounting treatment and
prudence .
Mar 31, 2013
Contingent liabilities provided for in respect of letter of credits/
bank guarantees FDRs:
(a) Bank guarantee outstanding: Rs. 2,20,62,208
Estimated amounts of contracts remaining to be executed on capital
account and not provided for (net advances) Nil
(a) Letter of Credit outstanding: Rs. 1,50,00,000
1. The previous year figures have been regrouped/reclassified,
wherever necessary to conform to the current year's presentation
(i) Cash credit facilities are secured by way of hypothecation of all
Stock of Inventories, book debts and other current assets of the
company both present and future, additionally secured by way of second
charge on all the fixed assets of the company
(ii) All short-term borrowings guaranteed by directors of the Company
Mar 31, 2012
1. Contingent liabilities provided for in respect of letter of
credits/bank guarantees FDRs:
a) Bank guarantee outstanding: Rs. 39815040.00
Estimated amounts of contracts remaining to be executed on capital
account and not provided for (net advances) Nil
b) Letter of Credit outstanding: Rs. Nil (Previous year Nil)
2. Previous year's figures have been regrouped or rearranged whichever
found necessary.
3. Depreciation has been provided on fixed assets for the year on
Straight Line Method in accordance with schedule XIV of the companies
act, 1956,
4. Sales are taken up at net value i.e. after deduction of sums which
are deducted by the debtors from the outstanding against sales.
5. Letter of confirmations of balances were circulated during the year
in respect of credit and debit balances but confirmation was not
received except in few cases.
6. The Directors of the company have given personal guarantees to Bank
but no guarantee commission have been paid to them.
7. No employee of the company has been paid up with remuneration in
excess of that laid down u/s 217 (2A) of the companies (amendment) act,
1988 read together with the provisions of the particulars of employees
rules, 1988.
8. Expenditure on account of Traveling of Director foreign tour Rs.
Nil
9. The units are set up in backward areas where the units got
eligibility for sales tax exemption or 9/11 years, sales tax deferment
of payment without any provisions of interest. The unit has opted 9/11
years interest free deferment of sales tax under respective rules. This
is the unsecured loan for the company and repayable at the completion
of deferred period.
10. Amount due from the Directors / Officers of the company : Rs. Nil
(Previous year Nil)
11. Figures have been rounded off to the nearest rupees.
12. The computation of net profit for the purpose of calculation of
Director remuneration under section 349 of the companies act, 1956 is
not enumerated, since no commission has been paid to the Managing
Director.
13. In die opinion of the Board the current assets, loans and advances
are approximately of the value stated if realized in the ordinary
course of business. The provision of all known liabilities is adequate
and neither short nor in excess of the amount reasonably necessary.
14. The name(s) of the small scale industrial undertaking(s) to whom
company owes a sum exceeding Rs. 1 lakh is outstanding for more than 30
days: NIL
Mar 31, 2011
1. The previous year figures have been regrouped/reclassified,
wherever nece66ary to conform to the current year's presentation