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Notes to Accounts of Munoth Communication Ltd.

Mar 31, 2014

1) The balances in parties'' accounts are subject to confirmation and reconciliation except in some cases. In the opinion of the Management, the Current Assets, Loans & Advances would realize at least to the extent stated in the Balance Sheet.

2) The company has initiated the process of obtaining confirmation from suppliers who have registered themselves under the Micro, Small & Medium Enterprises Development Act 2006.Based on information and evidence available with the company, there are no dues to Micro & Small enterprises outstanding as on 31.03.2014

3) RELATED PARTY DISCLOSURE:

i) Related Parties

a) Mr. Jaswant Munoth - Managing director - Key Management personnel

b) M/s. South India Chemicals & Leasing Private Limited, M/S.Munoth Financial Services Ltd - Company having common directors

4) Deferred Tax Asset of Rs. 39,55,340/- has been written off in the current financial year.

5) Depreciation on the Revaluation of the Land and Building has been transferred to the Revaluation Reserve created on account of the Revaluation done.

6) Debtors having credit balance have been written back since no payment is likely to be recovered for the same.

7) The Company has ventured into manufacture of Mobile accessories and during the year the design and development is under progress. The Company has identified and allocated costs incurred to undertake the project and on a proportionate basis have transferred Managerial Remuneration and other allocable overheads to this head. The company has indentified costs that are directly attributable to this new project.

8) Previous year''s figures have been regrouped and rearranged wherever necessary to confirm to current years classification.


Mar 31, 2013

1 Previous year''s figures have been regrouped and rearranged wherever necessary to conform to current year''s classification.

2) The balances in parties'' accounts are subject to confirmation and reconciliation except in some cases. In the opinion of the Management, the Current Assets, Loans & Advances would realize at least to the extent stated in the Balance Sheet.

The company has initiated the process of obtaining confirmation from suppliers who have registered themselves under the Micro, Small & Medium Enterprises Development Act 2006.Based on information and evidence available with the company, there are no dues to Micro & Small enterprises outstanding as on 31.03.2013

3) RELATED PARTY DISCLOSURE:

i) Related Parties

a) Mr. Jaswant Munoth - Managing director- Key Management personnel

b) M/s. South India Chemicals & Leasing Private Limited, M/S.Munoth Financial Services Ltd - Company having common directors

4) Other Current Assets include a sum of Rs.15.35 Lakhs (P.Y: Rs.25 Lakhs) being Share Application Money paid to CFORE Telecom Ltd (formerly Munoth G'' Five Telecom Ltd). This has since been refunded.

5) On Prudent basis, Deferred Tax Asset if any has not been recognized.

6) During the year the Company has revalued part of the Assets being Land and two of the Buildings. Due to which the Written down value of the Gross block of the Building has increased from Rs. 12.45 Lakhs to Rs. 53.69 Lakhs and for Land it is from Rs.21 lakhs to Rs. 2.66 Crores.

7) Non- Current Investments has increased in the Current Year due to Stock being converted into investments.

8) Previous year''s figures have been regrouped and rearranged wherever necessary to confirm to current years classification.


Mar 31, 2012

1. Related party disclosures

a. Names of related parties and related party relationship

List of Related Parties with whom transcation have taken place :

i) Fellow subsidiaries -NA-

ii) Associates 1. Munoth Financial Services Ltd

2. Munoth Neg Wind Farm Ltd

3. Munoth Industries Ltd

4. Munoth G' Five Telecom Limited

iii) Key management personnel Mr. Jaswant Munoth

iv) Companies having common directors 1.M/s. South India Chemicals & Leasing Private Limited

2.M/S.Munoth Financial Services Ltd

2. Previous year's figures have been regrouped and rearranged wherever necessary to conform to current year's classification.


Mar 31, 2011

1) The balances in parties' accounts are subject to confirmation and reconciliation except in some cases. In the opinion of the Management, the Current Assets, Loans & Advances would realise atleast to the extent stated in the Balance Sheet.

The company has initiated the process of obtaining confirmation from suppliers who have registered themselves under the Micro, Small & Medium Enterprises Development Act 2006.Based on information and evidence available with the company, there are no dues to Micro & Small enterprises outstanding as on 31.03.11

2) The company has appointed a deputy company secretary who is qualified and is in the process of getting membership.

3) Previous year's figures have been regrouped and rearranged wherever necessary to confirm to current years classification.

 
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