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Notes to Accounts of OM Metals Infraprojects Ltd.

Mar 31, 2014

Company Overview:

The company in the field of turnkey execution - from design , detail engineering, manufacture , supply, installation , testing and commissioning of complete range of Hydro mechanical equipment of hydro electric power and irrigation projects . The company is also diversified in the real estate, hotel and infra structures segments.

1 CONTINGENT LIABILITIES AND COMMITMENTS.

CONTINGENT LIABILIITIES (NOT PROVIDED FOR) IN RESPECT OF FOLLOWING ;

(RS. IN LACS)

S. Particulars As at As at No. 31.03.2014 31.03.2013

i) Outstanding bank guarantee * 19577.98 16736.42

ii) Letter of credits accepted 846.66 785.06

iii) Other Claims against the 1381.48 1377.38 Company not acknowledged a debt relating to supplies and service matters including counter claims of project authorities.

iv) Labour cases Amount Un- Amount Un- ascertainable ascertainable

v) show cause/demand/notices 2290.43 2074.88 by excise deptt., service tax, income tax authorities being disputed by the company. (See note no 2.37 below.)(Net)

vi) Outstanding amount against 20600 20600 corporate guarantee given to bank on account of loans given by such bank. {**)

Based on favorable decisions in similar cases, legal opinion taken by the company., discussions with the solicitors, etc, the company believes that there is fair chance of decisions in its favors in respect of all the items listed in (iii) (iv) &(v] above and hence no provisions is considered necessary against the same.

2 OTHER COMMITMENTS

(a) The company has issued an under taking to associate bankers for non - disposal of its investment of Rs. 1808.53 Lacs {Previous year Rs. 1797.53 Lacs) in an associate (Bhilwara Jaipur Toll Road Pvt. Ltd) till date entity repay its debts.

(b) The company from time to time provides need based support to subsidiaries and joint venture entity towards capital and other requirements.

3 Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 4.32 lacs ( Rs. 4.32 lacs In the previous year)

4 Claims raised by the Company/Claims settled with various project

Authorities / other parties amounting to Rs. 14134.84 lacs { Rs. 11269.34lacs in previous year), against these claims, the company has received arbitration awards of Rs. 1534.50 lacs ( Previous year Rs. 1676.34 lacs ) In accordance with past practice, the Company has not made adjustment because the same can not become rule of the court due to the objections filed by Project Authorities/ Other parties.

Note

1. Audit fees includes service tax.

2. Rs. 1.65 Lacs {Previous year Rs. 1.11 Lacs) Paid for other services to auditors in which he is prop, of Chartered Accountant firm.

5 SEGMENT REPORTING:

(a) Primary Segment: Business Segment

Based on the guiding principles given in Accounting Standard AS -17 "Segment Reporting" notified under Companies (Accounting standard) Rules 2006, the Company''s operating business are organized and managed separately according to the nature of products manufactured and services provided . The four identified reportable segments are , turn key contracts of Gates, Cranes, Hoist for Irrigation & Power projects in the Engineering Division and the other segments includes Cinema { Entertainment) in Multiplex Division , running of Hotel Cum revolving restaurant in Hotel division and construction of multi stories building in real estate division.

Secondary Segment: Geographical segment;

The analysts of Geographical segment is based on the geographical location i.e. domestic and overseas markets of the customers.

Secondary Segment Reporting (By Geographical segment)

The following is the distribution ofthe company''s revenue from operation (net) by Geographical markets, regardless of where the goods were produced:

The company has common fixed Assets in India or producing goods / providing services for domestic market and overseas markets. Hence, separate figures for fixed assets/ addition to fixed assets have not been furnished,

a) Segment accounting polices :

In addition to the significant accounting policies applicable to the business segment as set-in note 1, the accounting policies in relation to segment accounting are as under:

i) Segment revenue & expenses :

Joint revenue and expenses of segments are allocated amongst them on a reasonable basis. All other segment revenue and expenses are directly attributable to the segments.

ii) Segment assets and liabilities:

Segment assets include all operating assets used by a segment and consist principally of operating cash, receivables, inventories and fixed assets, net of allowance and provisions, which are reported as direct off sets in the balance sheet. Segment Liabilities include all operating Liabilities and consist principally of trade payables &. accrued liabilities. Segment assets and liabilities do not include deferred income taxes except in the Engineering division. While most of the assets/liabilities can be directly attributed to Individual segments, the carrying amount of certain assets /liabilities pertaining to two more segments are allocated to the segments on a reasonable basis.

iii) Inter segment sales;

Inter segment sales between operating segments are accounted for at market price . These transactions are eliminated in consolidation,

iv) The main division is Engineering Division and funds provided by Engineering Division to other division and interest on such balances are not charged.

6 Related Party disclosure under Accounting Standard AS-18 " Related party disclosures" notified under Companies (Accounting standard) Rules 2006.

During the year, the company entered Into transactions with the related parties. Those transactions along with related balance as at 31st March 2014 and for the year ended are presented below.

List of related parties with whom transactions have taken place during the year along with nature and volume of transactions are summarized as follows:

7 Advance for Capital goods includes Rs 4.23 Lacs paid to Topkhana desh grih Nirman Samiti for purchasing of Land at Jaipur for construction of building .The matter is under subjudice 2.39 Incompliance with Accounting Standard - 27 on financial) reporting of interest in joint venture/partnership firm. Following disclosure are made in respect of Jointly controlled entities in which the company is a joint venturer/partner.

8 As per accounting standard 21 on " consolidated financial statements " and accounting standard 23 on "Accounting for investment in associates in consolidated financial statements" issued by the institute of Chartered Accountants of India, The company has presented consolidated financial statements including subsidiary and associates. Accordingly segment information as required under Accounting Standard 17 {AS-17} on segment reporting is included under the notes to consolidated financial statements subject to note no. 2.34.

9 Disclosure Under clause 32 of the listing agreement:

Loans and Advances & debtors includes following amounts due from subsidiary / Joint Venture & other associates:-

10 (a) The company has taken Office Premises and directors residence on cancelable Operating Lease. The tenure of these agreements range between 3 to 5 Years.

The amount of lease rentals paid of Rs. 136.20 Lacs (P.Y. Rs. 129.88 Lacs } has been charged under the head " Rent" in Note2.27 .

b) The company has entered into separate cancelable Operating lease for Premises and Machinery. The tenure of these agreements range between Six months to three years.

The amount of lease rentals paid of Rs. 363.97 Lacs (P.Y. Rs, 227.37 Lacs) has been charged under the head " Rent /Hire charges for Equipments" in Note2.27.


Mar 31, 2013

Company Overview :

The company in the field of turnkey execution - from design , detail engineering , manufacture , supply, installation , testing and commissioning of complete range of Hydro mechanical equipment of hydro electric power and irrigation projects . The company is also diversified in the real estate, hotel and infra structures segments.

1.1 Other commitments

(a) The company has issued an under taking to associate bankers for non - disposal of its investment of Rs. 20600 Lacs (Previous year Rs,20600 Lacs) in an associate till date entity repay its debts.

(b) The company from time to time provides need based support to subsidiaries and joint venture entity towards capital and other requirements .

1.2 Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 4.32 lacs ( Rs. 4.32 lacs in the previous year)

1.3 Claims raised by the Company/Claims settled with various project authorities/other parties. Amounting to Rs. 11269.341acs ( Rs. 6163.16 Lacs in previous year) , against these claims, the company has received arbitration awards of Rs. 1676.34 lacs ( Previous year Rs. 373.29 lacs ) In accordance with past practice, the Company has not made adjustment because the same can not become rule of the court due to the objections filed by Project Authorities/ Other parties .

1.4 Segment Reporting :

(a) Primary Segment: Business Segment

Based on the guiding principles given in Accounting Standard AS -17 "Segment Reporting" notified under Companies (Accounting standard) Rules 2006, the Company''s operating business are organized and managed separately according to the nature of products manufactured and services provided . The four identified reportable segments are , turn key contracts of Gates, Cranes, Hoist for Irrigation & Power projects in the Engineering Division and the other segments includes Cinema ( Entertainment) in Multiplex Division , running of Hotel Cum revolving restaurant in Hotel division and construction of multi stories building in real estate division.

Secondary Segment: Geographical segment

Since the company''s activities/operations are primarily with in the country and considering the nature of products/services it deals in , the risk and returns are same and as such there is only one geographical segments,

a) Segment accounting polices:

In addition to the significant accounting policies applicable to the business segment as set in note 1, the accounting policies in relation to segment accounting are as under:

i) Segment revenue & expenses:

Joint revenue and expenses of segments are allocated amongst them on a reasonable basis. All other segment revenue and expenses are directly attributable to the segments.

ii) Segment assets and liabilities:

Segment assets include all operating assets used by a segment and consist principally of operating cash, receivables, inventories and fixed assets, net of allowance and provisions, which are reported as direct off sets in the balance sheet. Segment Liabilities include all operating Liabilities and consist principally of trade payables & accrued liabilities. Segment assets and liabilities do not include deferred income taxes except in the Engineering division. While most of the assets/liabilities can be directly attributed to individual segments, the carrying amount of certain assets /liabilities pertaining to two more segments are allocated to the segments on a reasonable basis.

iii) Inter segment sales:

Inter segment sales between operating segments are accounted for at market price . These transactions are eliminated in consolidation .

iv) The main division is Engineering Division and funds provided by Engineering Division to other division and interest on such balances are not charged.

1.5 Related Party disclosure under Accounting Standard AS-18 " Related party disclosures" notified under Companies (Accounting standard) Rules 2006.

During the year, the company entered into transactions with the related parties. Those transactions along with related balance as at 31st March 2013 and for the year ended are presented below.

List of related parties with whom transactions have taken place during the year along with nature and volume of transactions are summarized as follows :

Note : 1) Amount as per demand orders including interest and penalty wherever mentioned in the order.

2) In the metter of income tax the department preferred and an appeal to the hon''ble High Court, Jaipur

1.6 Advance for Capital goods includes Rs 4.23 Lacs paid to Topkhana desh grih Nirman Samiti for purchasing of Land at Jaipur for construction of building . The matter is under subjudice

1.7 Incompliance with Accounting Standard - 27 on financial reporting of interest in joint venture/partnership firm. Following disclosure are made in respect of jointly controlled entities in which the company is a joint venturer/partner .

1.8 As per accounting standard 21 on " consolidated financial statements " and accounting standard 23 on "Accounting for investment in associates in consolidated financial statements" issued by the institute of Chartered Accountants of India, The company has presented consolidated financial statements including subsidiary and associates. Accordingly segment information as required under Accounting Standard 17 (AS-17) on segment reporting is included under the notes to consolidated financial statements subject to note no. 2.34.

1.9 Loans and Advances & debtors includes following amounts due from subsidiary / Joint Venture & other associates: -

1.10 The Company has provided for liability of gratuity aggregating to Rs. 71.85 Lacs (Previous year Rs. 66.55 lacs)for employees who have qualified for it as per payment of Gratuity Act. The company could not comply with the requirement of AS - 15 retirement benefit issued by ICAI as the valuation by a Certified acturian is under process.

1.11 (a) The company has taken Office Premises and directors residence on cancelable Operating Lease. The tenure of these agreements range between 3 to 5 Years.

The amount of lease rentals paid of Rs. 129.88 Lacs (P.Y. Rs. 134.65 Lacs) has been charged under the head " Rent" in Note2.27 .

b) The company has entered into separate cancelable Operating lease for Premises and Machinery. The tenure of these agreements range between Six months to three years.

The amount of lease rentals paid of Rs. 227.37 Lacs (P.Y. Rs. 266.18 Lacs) has been charged under the head " Rent /Hire charges for Equipments" in Note2.27 .

1.12 Figures for previous year have been re-arranged/regrouped wherever necessary to Make them comparable.

1.13 Note 1 & 2 form an integral Part of the Balance Sheet & Statement of Profit and Loss and have been duly authenticated.


Mar 31, 2012

Company Overview:

The company in the field of turnkey execution - from design , detail engineering, manufacture, supply, installation, testing and commissioning of complete range of Hydro mechanical equipment of hydro electric power and irrigation projects . The company is also diversified in the real estate, hotel and infra structures segments.

1.1 CONTINGENT LIABILITIES AND COMMITMENTS

CONTINGENT LIABILITIES (NOT PROVIDED FOR) IN RESPECT OF FOLLOWING :

(RS. IN LACS)

S. Particulars As at As at 31.03.2012 31.03.2011 NO.

i) Outstanding bank guarantee * 15942.94 16991.11

ii) Letter of credits accepted 2970.90 3334.28

iii) Claims against the Company not 1373.06 1373.06 acknowledged a debt relating to supplies and service matters including counter claims of project authorities.

iv) Various labour cases Amount not Amount not ascertainable ascertainable

v) show cause/demand/notices by excise 3680.08 3929.39 deptt., service tax, income tax authorities being disputed by the company. (See note no 11 below.)(Net)

Vi) Outstanding Corporate Guarantee** 25600.00 5000.00

Based on favorable decisions in similar cases, legal opinion taken by the company., discussions with the solicitors, etc, the company believes that there is fair chance of decisions in it's favour in respect of all the items listed in (iii) (iv) &(v) above and hence no provisions is considered necessary against the same.

* Outstanding bank guarantee-includes issued by banks, in favour of following Joint venture/partnership firm.

1.2 Estimated amount of contracts remaining to be executed (capital commitments) not provided for Rs. 4.32 lacs ( Rs. 72.93 lacs in the previous year)

1.3 Claims raised by the Company/Claims settled with various project authorities/other parties, amounting to Rs. 5792.88 lacs ( Rs. 6492.88 Lacs in previous year) , against these claims, the company has received arbitration awards of Rs. 377.14lacs ( Previous year Rs. 269.09 lacs ) In accordance with past practice, the Company has not made adjustment because the same can not become rule of the court due to the objections filed by Project Authorities/ Other parties .

1.4 Segment Reporting policies:

a) Business Segment

Based on the guiding principles given in Accounting Standard AS -17 "Segment reporting" issued by the Institute of Chartered Accountants of India, the ¦Company's""operatingbusiness are organized and managed separately according 7; to the nature of products manufactured and services provided . The four identified reportable segments are , turn key contracts of Gates, Cranes, Hoist for Irrigation & Power projects in the Engineering Division and the other segments includes Cinema ( Entertainment) in Multiplex Division , running of Hotel Cum revolving restaurant in Hotel division and construction of multi stories building in real estate division.

b) Geographical segments :

Since the company's activities/operations are primarily with in the country and considering the nature of products/services it deals in , the risk and returns are same and as such there is only one geographical segments,

c) Segment accounting polices :

In addition to the significant accounting policies applicable to the business segment as set in note 1 the accounting policies in relation to segment accounting are as under:

i) Segment revenue & expenses :

Joint revenue and expenses of segments are allocated amongst them on a reasonable basis. All other segment revenue and expenses are directly attributable to the segments.

ii) Segment assets and liabilities:

Segment assets include all operating assets used by a segment and consist principally of operating cash, receivables, inventories and fixed assets, net of allowance and provisions, which are reported as direct off sets in the balance sheet Segment Liabilities include all operating Liabilities and consist principally of trade payables & accrued liabilities. Segment assets and liabilities do not include deferred income taxes except in the Engineering division. While most of the assets/liabilities directly attributed to individual segments.

iii) Inter segment sales :

Inter segment sales between operating segments are accounted for at market price.

iv) The main division is Engineering Division and funds provided by Engineering Division to other division and interest on such balances are not charged.

1.5 Related Party disclosure under Accounting Standard AS-18 " Related party disclosures" issued by the institute of Chartered Accountants of India:

During the year, the company entered into transactions with the related parties. Those transactions along with related balance as at 31st March 2012 and for the year ended are presented in the following tables.

1.6 Advance for Capital goods includes Rs 4.23 Lacs paid to Topkhana desh grih Nirman Samiti for purchasing of Land at Jaipur for construction of building . The matter is under subjudice

1.7 Expenses and receipts relating to earlier year amounting to Rs Nil and Rs. Nil Lacs respectively (Previous year Rs. 3.93 Lacs and Rs. Nil lacs) debited/credited to respective expenses and Income heads .

1.8 Incompliance with Accounting Standard - 27 on financial reporting of interest in joint venture/partnership firm. Following disclosure are made in respect of jointly controlled entities in which the company is a joint venturer/partner.

1.9 As per accounting standard 21 on " consolidated financial statements " and accounting standard 23 on "Accounting for investment in associates in consolidated financial statements" issued by the institute of Chartered Accountants of India, The company has presented consolidated financial statements including subsidiary and associates. Accordingly segment information as required under Accounting Standard 17 (AS-17) on segment reporting is included under the notes to consolidated financial statements subject to note no. 2.34.

1.10 The Company has provided for liability of gratuity aggregating to Rs. 66.55 Lacs (Previous year Rs. 62.30 lacs)for employees who have qualified for it as per payment of Gratuity Act. The company could not comply with the requirement of AS - 15 retirement benefit issued by ICAI as the valuation by a Certified acturian is under process.

1.11(a) The company has taken Office Premises and directors residence on cancelable Operating Lease. The tenure of these agreements range between 3 to 5 Years.

The amount of lease rentals paid of Rs. 134.65 Lacs (P.Y. Rs. 149.31 Lacs) has been charged under the head " Rent" in Note2.27 .

b) The company has entered into separate cancelable Operating lease for Premises and Machinery. The tenure of these agreements range between Six months to three years.

The amount of lease rentals paid of Rs. 266.18 Lacs (P.Y. Rs. 638.21 Lacs) has been charged under the head "Rent /Hire charges for Equipments" in Note2.27 .

1.12 Figures for previous year have been re-arranged/regrouped wherever necessary to Make them comparable.

1.13 Note 1 & 2 form an integral Part of the Balance Sheet & Statement of Profit and Loss and.have been duly authenticated.


Mar 31, 2010

1. CONTINGENT LIABILIITIES (NOT PROVIDED FOR) IN RESPECT OF:

(RS.IN LACS)

S. Particulars As at As at No. 31.03.2010 31.03.2009

i) Outstanding bank guarantee * 12414.25 13458.92

ii) Letter of credits accepted 6355.48 2871.12

iii) Claims against the Company not 1347.56 1349.06 acknowledged a debt relating to supplies and service matters including counter claims of project authorities.

iv) Various labour cases Amount not Amount notascertainable ascertainable

v) show cause/demand/notices by excise 739.90 745.77 deptt, service tax, income tax authorities being disputed by the company. (See note no 11 below.)

Based on favorable decisions in similar cases, legal opinion taken by the company., discussions with the solicitors, etc, the company believes that there is fair chance of decisions in its favour in respect of all the items listed in (iii) (iv) &(v) above and hence no provisions is considered necessary against the same.

- Out standing bank guarantee includes issued by banks, in favour of following joint venture/partnership firm. (Rs. in Lacs,)

Name of Joint Venture (JV) O/s. Bank O/s. Bank /partnership firm (PF) guarantee as at guarantee as at 31.03,2010 31.03.2009

OML+JSC, UKRAIN , KAMENG (JV) 2186.00 2361.00 Om Metals Consortium (PF) 950.00 950.00

2. Estimated amount of contracts remaining to be executed (capital commitments) not provided for Rs. 7.16 lacs ( Rs. 106.03 lacs in the previous year)

3. Claims raised by the Company/Claims settled with various project authorities/ other parties, amounting to Rs lacs ( Rs. 5710.00 Lacs in previous year) , against these claims, the company has received arbitration awards of Rs lacs ( Previous year Rs. 213.93 lacs ) In accordance with past practice, the Company has not made adjustment because the same can not become rule of the court due to the objections filed by Project Authorities/ Other parties.

4. Segment Reporting:

a) Primary segment: Business Segment

Based on the guiding principles given in Accounting Standard AS -17 "Segment reporting" issued by the Institute of Chartered Accountants of India, the Companys operating business are organized and managed separately according to the nature of products manufactured and services provided . The four identified reportable segments are turn key contracts of Gates, Cranes, Hoist for Irrigation & Power projects in the Engg. Division and the other segments includes Cinema - ( Entertainment) in Multiplex Division , running of Hotel Cum revolving restaurant in Hotel division and construction of multi stories building in real estate division.

b) Secondary segment: Geographical segments :

Since the companys activities/operations are primarily with in the country and considering the nature of products/services it deals in , the risk and returns are same and as such there is only one geographical segments,

c) Segment accounting polices :

In addition to the significant accounting policies applicable to the business segment as set in note 1 of schedule 18 "notes to accounts" the accounting policies in relation to segment accounting are as under:

i) Segment revenue & expenses :

Joint revenue and expenses of segments are allocated amongst them on a , reasonable basis. All other segment revenue and expenses are directly attributable to the segments.

ii) Segment assets and liabilities:

Segment assets include all operating assets used by a segment and consist principally of operating cash, debtors, inventories and fixed assets, net of allowance and provisions, which are reported as direct off sets in the balance sheet. Segment Liabilities include all operating Liabilities and consist principally of creditors & accrued liabilities. Segment assets and liabilities do not include deferred income taxes except in the Engg. Div. While most of the assets/liabilities directly attributed to individual segments.

iii) Inter segment sales :

Inter segment revenues between operating segments are accounted for at market price. These transaction are eliminated in consolidation .

iv) The main division is Engg. Division and funds provided by Engg. Division to ^pther-division and interest on such balances are not charged.

5. Related Party disclosure under Accounting Standard AS-18 " Related party disclosures" issued by the Institute of Chartered Accountants of India: During the year, the company entered into transactions with the related parties. Those transactions along with related balance as at 31st March 2010 and for the year ended are presented in the following tables.

List of related parties with whom transactions have taken place during the year along with nature and volume of transactions are summarized as follows

6. Advance for Capital goods includes Rs 4.23 Lacs paid to Topkhana desh grih Nirman Samiti for purchasing of Land at Jaipur for construction of building . The matter is under subjudice

7. Expenses and receipts relating to earlier year amounting to Rs Nil and Rs. Nil Lacs -^respectively (Previous year Rs. Nil Lacs and Rs. 44.66 lacs) debited/credited to respective expenses and Income heads .

8. Incompliance with Accounting Standard - 27 on financial reporting of interest in joint venture/partnership firm. Following disclosure are made in respect of jointly controlled entities in which the company is a joint venturer/partner .

c) Figures are taken in the books of accounts on the basis of unaudited financial results in current year as well as in the previous year. (N.A = Not available)

d) The Figures of Joint Venture and partnership firm are not available. The balance sheet of the joint venture and partnership firm (PF) are under preparation.

9. As per accounting standard 21 on " consolidated financial statements " and accounting standard 23 on "Accounting for investment in associates in consolidated financial statements" issued by the institute of Chartered Accountants of India, The company has presented consolidated financial statements including subsidiary and associates. Accordingly segment information as required under Accounting Standard 17 (AS-17) on segment reporting is included under the notes to consolidated financial statements subject to note no 16 e.

10 Public Offer

(a) During the year 2006-2007, the company has issued and allotted 20000000 equity share of face value of Rs. 1/- each at a premium of Rs. 59/- per equity shares to qualified institutional buyers (QIB)

11 The Company has provided for liability of gratuity aggregating to Rs. 52.22 Lacs (Previous year Rs. 39.33 lacs)for employees who have qualified for it as per payment of Gratuity Act. The company could not comply with the requirement of AS - 15 retirement benefit issued by ICAI as the valuation by a Certified acturian is under process.

12. (a) The company has taken Office Premises and directors residence on cancelable Operating Lease. The tenure of these agreements range between 3 to 5 Years. ,>-,;-jThe amount of lease rentals paid of Rs. 72.34 Lacs (P.Y. Rs. 44.40 Lacs) has 1^ ,- beWWiarged under the head " Rent" in Schedule 16.

(b)The company has entered into separate cancelable Operating lease for Premises and Machinery. The tenure of these agreements range between Six months to three years.

The amount of lease rentals paid of Rs. 92.22 Lacs (P.Y. Rs. 87.68 Lacs) has been charged under the head " Rent /Hire charges for Equipments" in Schedule 15 and "Rent" in Schedule 16.

(c)The company has Leased premises and Machinery on cancelable Operating Lease.The aggregate amount of lease rentals received amounting to Rs.84.00 lacs

(P.Y. Rs. 55.20 Lacs ) have been credited under the head " Rent and hire charges" in Schedule 11.

- As certified by the management.

- Since the companys installed capacity is dependent on product mix, which in turn is decided on the basis of actual demand for Various products from time to time, it is not feasible for the company to give exact installed capacity. The company has, however, indicated installed capacity on the basis of years product mix as certified by a director and being a technical mater accepted by the auditors as correct.

c) Particulars in respect of opening stock, Goods manufactured, sales, closing stocks and Trading Activities are given in annexure no. 1.

d) Particuars in respect of consumption of raw material, accessories and bought out items are giVen in annexure no. 2.

e) Multiplex Division:

The operation of Multiplex division given to Inox Leisure Limited on Fixed sharing basis for a period from 16.06.2006 to 15.06.2013. The fixed income shown under the schedule no. 10. Hence it is not possible to give quantitative details and informations required under paragraph 3, 4C & 4D of part II of schedule 6of the companies act 1956.

e) Hotel division:

Hotel Division of the company is mainly engaged in the business of sale of room and restaurant income. It is not practical to give the quantitative wise details in respect of purchases consumption, turnover and stock etc. The company has been granted exemption from Ministry of company affairs vide their order dated 05.02.09 .to disclose the quantitative details in compliance of paragraph 3, 4C & 4D of part II of schedule VI of the companies act. 1956.for the year ending from 01.04.08 to 31.03.2011.

13. Figures for previous year have been re-arranged/regrouped wherever necessary to Make them comparable.

14. Schedule 1 to 18 and the statement of additional information form an integral Part of the Balance Sheet & Profit and Loss Account and have been duly authenticated.

 
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