Mar 31, 2014
1. a) Contingent liabilities and commitments (to the extent not
provided for)
2013-14 2012-13
(i) Contingent Liabilities
(a) Claims against the company not
acknowledged as debt NIL NIL
(b) Guarantees
(c) Other money for which the company is
contingently liable - -
(ii) Commitments
(a) Estimated amount of contracts
remaining to be executed on capital NIL NIL
account and not provided for
(b) Uncalled liability on shares andd
other investments partly paid
(c) Other commitments (specify nature) - -
- -
2. Related party disclosures (AS-18):
a) Related Parties and their relationship :
i) Key Management Personnel (Directors)
* Prasad VSS Garapati , Managing Director
* Sahu Garapati, Whole time Director.
3. Contingent Liabilities and commitments - (AS-29):
Contingent Liabilities:
i. Guarantees and letters of credit : Nil
1) Bank Guarantees issued by Bankers - Rs. Nil (Previous year Rs Nil)
4. The Previous year''s figures have been regrouped and recast wherever
necessary to Bring them in line with the current year''s figures.
5. General Notes to the financial statements:
Statement of Profit & Loss for the year has been prepared showing
separately as per Schedule-VI (Revised)
Mar 31, 2012
(a) a) Previous year figures have been regrouped and rearranged wherever
necessary.
b) Paisas have been rounded off to the nearest rupee.
(b) Contingent Liabilities and commitments - (AS-29): Contingent
Liabilities: -NIL-
(c). General Notes to the financial statements :
(i) Statement of Profit & Loss for the year has been prepared showing
the following separately as per Schedule-VI (Revised):
(ii) Previous year's figures have been regrouped wherever necessary to
conform to the format of revised Schedule-VI and the layout adopted in
the current year.
Mar 31, 2010
1. Contingent liability not provided for:
i) Capital commitment not provided à NIL Previous Year à NIL.
ii) Claims against the company not acknowledged as debt à NIL Previous
Year - NIL
iii) Other Contingent liabilities à NIL Previous Year - NIL
2. Balances in Debtors, Advances and Creditor accounts are subject to
confrmation from the parties.
3. No employee has received salary of Rs.200,000 per month if employed
part of the year or Rs.,2400,000 per annum during the year 2009-2010.
Previous year : NIL.
4. there are no outstanding over-dues to Small Scale Industrial
Undertakings and/or Ancillary Industrial Suppliers on account of
principal and/or interest at the close of the year. this disclosure is
based on the documents/information available with the company.
5. In accordance with the Accounting Standard 22 issued by the ICAI,
the company is having a tax Asset of Rs.40,82,874 on timing differences
as on 31.03.2009.
6. Cenvat Credit: excise duty paid on inputs is debited to a separate
account namely Cenvat on Raw material Account. this account is credited
as and when Cenvat actually utilized against payment of Excise Duty on
fnal Dispatches. Balance in Cenvat on Raw Materials is shown on assets
side of Balance sheet under the current assets.
7. a) Previous year figures have been regrouped and rearranged
wherever necessary.
b) Paisa have been rounded off to the nearest Rupee.
Mar 31, 2009
1. Contingent Liability not provided for:
i) Capital commitment not provided - NIL Previous Year - NIL.
ii) Claims against the company not acknowledged as debt - NIL Previous
Year - NIL
iii) Other Contingent liabilities - NIL Previous Year-NIL
2. Balances in Debtors, Advances and Creditor accounts are subject to
confirmation from the parties.
3 Working Capital Loan from Punjab National Bank and Medium Tern Loan
(MTL) from Punjab National Bank is secured by charge on Fixed Assets,
Hypothecation of Stocks, Stores and Spares, present and future Book
Debts and claims and personal guarantee of the directors of the
company. Further, Working Capital Loan from UCO Bank is secured by
charge by way of Hypothecation of Current Assets of the company and
personal guarantee of the Directors.
4. No employee has received salary of Rs. 100,000 per month if
employed part of the year or Rs.1,200,000 per annum during the year
2008-2009. Previous year: NIL.
5. There are no outstanding over-dues to Small Scale Industrial
Undertakings and/or Ancillary Industrial Suppliers on account of
principal and/or interest at the close of the year. This disclosure is
based on the documents/information available with the company.
6. In accordance with the Accounting Standard 22 issued by the ICAI,
the company is having a Tax Asset of Rs.40,82,874 on timing differences
as on 31.03.2009.
7. Cenvat Credit: Excise Duty paid on inputs is debited to a separate
account namely Cenvat on Raw Material Account. This account is credited
as and when Cenvat actually utilized against payment of Excise Duty on
final Dispatches. Balance in Cenvat on Raw Materials is shown on assets
side of Balance sheet under the current assets.
8. Related Party Transactions :
The Company has transactions with the following related parties:
9. a) Previous year figures have been regrouped and rearranged
wherever necessary. b) Paisa have been rounded off to the nearest
Rupee.
10. Quantitative Information pursuant to the provisions of paragraphs
3,4C and 4D of Para-ll of Schedule VI in respect of goods manufacture.
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