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Notes to Accounts of Nakoda Ltd.

Mar 31, 2015

1. Term Loans

a Term loan of Rs. 250 crores (Phase I) and Term loan of Rs. 153 (Phase II) are secured by Pari Passu first charge on all existing immovable and movable assets of the company situated and proposed to be situated at Block No. 17 to 19 at Karanj and Block No. A/1. B/1, M/1 at Textile Park, Hathuran and second charge oh all Current Assets of the company.

2. Corporate Loans

a Corporate loan from Syndicate Bank is secured by EMT of Land and Hypothecation oi 9 wind mills situated at Tirunelveli, Talmilnadu. b Corporate loan from Indian Overseas Bank is secured by Hypothecation of 7 wind miils situated at Ratlam.M.P.

3. CONTINGENT LIABILITIES AND COMMITMENTS

a. Estimated amount of contracts remaining NIL NIL to be executed on captial Accounted and not provided for

b. Counter guarantees given to banks NIL 738.71


Dec 31, 2012

Terms/Rights attached to Equity Shares

The Company hasonlyone class of EquityShares having apar value of Rs. 5 per Share. Each holder of Equity Share is entitled to one vote per Share. The Company declares and pays Dividend in Indian Rupees. The Dividend proposed bythe Board of Directors issubjectto the approval ofShareholdersintheensuingGeneral Meeting. During the year ended 31st December''2012, the amount of Dividend per Share recognised as distributions to Equity Shareholders was Rs. 0.25 perShare.(31st December2011: Rs. 0.25 perShare)

In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive remaining assets of the Company. The distribution will be in the proportion to the number of Equity Shares held by the Shareholders.

a During the year, the company has issued 20320000 share warrants convertible into 101600000 equity shares of Rs. 5 each at a premium of Rs.5 per equity share (5 equity shares for each warrant alloted).

b During the year,the company has issued 29200000 share warrants convertible into 292000000 equity shares of Rs. 5 each at a premium of Rs. 5 per equity share (10 equity shares for each warrant alloted.

1.1 Term Loans

a Term loan of Rs. 250crores (Phase I) and Term loan of Rs. 153 (Phase II) are secured by Pari Passu first charge on all existing immovable and movable assets of the company situated and proposed to be situated at Block No. 17 to 19 at Karaj and Block No. A/1, B/1, M/1 at Textile Park, Hathuran and second charge on all Current Assets of the company.

b Term Loan of Rs. 18 crore for FDY lines are secured by Hypothecation of 6 FDY lines covered under said loans.

1.2 Corporate Loans

a Corporate loan from Syndicate Bank is secured by EMT of Land and Hypothecation of 9 wind mills situated at Tirunelveli,Talmilnadu.

b Corporate loan from Indian Overseas Bank is secured by Hypothecation of 7 wind mills situated at Ratlam, Madhya Pradesh.

1.3 Vehicle Loans

The loans for vehicles have been secured by specific charges on the vehicles covered under the said loan.

2. Contingent Liabilities :

a) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. Nil ( Pre. Year Rs. Nil)

b) Outstanding guarantee furnished by Company''s bankers Rs. 708.44 lacs (Pre. Year Rs. 909.74 lacs).

c) Claim against the Company not acknowledged as debt : Rs. NIL

d) Uncalled Liabilities : Rs. NIL

e) Corporate Guarantee given : USD 650 Lacs.

3. Salary and wages Rs. 684.42/- Lacs- (Pre. year Rs. 589.28/- Lacs) includes remuneration paid to Directors Rs. 84 Lacs (Pre. year Rs. 76 Lacs)

4. The balances of debtors, creditors, deposits, loans & advances are subject to confirmation.

5. Sundry Debtors and advances include Rs. NIL due from concern in which directors of the company are directors or the members or partners in case of firm

6. Small Scale industries to whom the company owes a sum which is outstanding for more than 30 days are Rs. NIL

7. Previous year''s figures have been regrouped and/or recast wherever necessary and made them comparable with the current year''s figure.


Dec 31, 2011

1. Contingent Liabilities:

a) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. Nil (Pre. Year Rs. Nil)

b) Outstanding guarantee furnished by Company's bankers Rs. 909.74 lacs (Pre. Year Rs. 143.75 lacs).

c) Claim against the Company not acknowledged as debt: Rs. NIL

d) Uncalled Liabilities: Rs. NIL

e) Corporate Guarantee given: USD 650 Lacs.

2. Salary and wages 589.28/-Lacs- (Pre. year 379.71/-Lacs) includes remuneration paid to Directors 76 Lacs (Pre. year 60 Lacs)

3. The balances of debtors, creditors, deposits, loans & advances are subject to confirmation.

4. Sundry Debtors and advances include Rs. NIL due from concern in which directors of the company are directors or the members or partners in case of firm

5. Small Scale industries to whom the company owes a sum which is outstanding for more than 30 days are Rs. NIL

6. Previous year's figures have been regrouped and/or recast wherever necessary and made them comparable with the current year's figure.


Dec 31, 2010

1. Contingent Liabilities:

a) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs.Nil (Pre. Year Rs. Nil)

b) Outstanding guarantee furnished by Companys bankers Rs. 143.75 lacs (Pre.Year Rs. 143.75 lacs).

c) Claim against the Company not acknowledged as debt : Rs. NIL

d) Uncalled Liabilities : Rs. NIL

2. Salary and wages Rs. 37970606/- (Pre. year Rs. 29374850/-) includes remuneration paid to Directors Rs. 6000000/- (Pre year Rs. 5475000/-)

3. The balances of debtors, creditors, deposits, loans & advances are subject to confirmation.

4. Earning in foreign exchange on export of goods calculated on FOB Basis (Rs.in000s):

Current Year Previous Year NIL NIL

5. Expenditure in foreign currency (Rs. in000s) :

Current Year Previous Year

NIL NIL

6. Sundry Debtors and advances include Rs. NIL due from concern in which directors of the company are directors or the members or partners in case of firm

7. Small Scale industries to whom the company owes a sum which is outstanding for more than 30 days are Rs. NIL

8. Previous years figures have been regrouped and/or recast wherever necessary and made them comparable with the current years figure.

9. Balances of Sundry Debtors, Advances & Creditors are subject to confirmation.


Dec 31, 2009

1. Contingent Liabilities:

a) Estimated amount of contracts remaining to be executed on capital account and not provided forRs. Nil (Pre. YearRs. Nil)

b) Outstanding guarantee furnished by Companys bankers Rs. 143.75 lacs (Pre. YearRs. 143.75 lacs).

c) Claim against the Company not acknowledged as debt: Rs. NIL

d) Uncalled Liabilities :Rs. NIL

2. Salary and wages Rs. 29374850/- (Pre. year Rs. 2,58,20,218/-) includes remuneration paid to Directors Rs. 5475000/- (Pre year Rs. 33,30,000/-)

3. The balances of debtors, creditors, deposits, loans & advances are subject to confirmation.

4. Sundry Debtors and advances include Rs. NIL due from concern in which directors of the company are directors or the members orpartners in case of firm

5. Small Scale industries to whom the company owes a sum which is outstanding for more than 30 days are Rs. NIL

6. Previous years figures have been regrouped and/or recast wherever necessary and made them comparable with the current years figure.

 
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