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Notes to Accounts of Manaksia Coated Metals & Industries Ltd.
Mar 31, 2015
Disclosure of payables to MSME vendors as defend under the "Micro,
Small and Medium Enterprise Development Act, 2006" is based on the
information available with the Company regarding the status of
registration of such vendors under the said Act, as per the intimation
received from them on requests made by the Company.
There are no overdue principal amounts/interest payable amounts for
delayed payments to such vendors at the Balance Sheet date. There are
no delays in payment made to such suppliers during the year or for
earlier years and accordingly there is no interest paid or outstanding
interest in this regard in respect of payments made during the year or
brought forward from previous years.
1. In terms of the Scheme, Security Premium Account of the Manaksia
Limited shall be apportioned among Manaksia Limited, the Company and
the other three transferee Companies in proportion of the net assets of
all the Companies.
2. Corresponding comparative figures for the previous year have been
regrouped and readjusted wherever considered necessary to conform to
the current year presentation.
Current period figures are for 12 months ended 31st March 2015 and
previous period figures include the results of Metal & Mosquito Coils
business of Manaksia Ltd from appointed date of demerger (i.e 1st
October 2013) to the end of relevant financial year. Since the
reporting period of operational units are not same, these figures are