Mar 31, 2015
1 Equity Shares held by the Holding Company
NIL Equity Shares (NIL) are held by , the holding company.
Mar 31, 2012
1 Sundry Debtors, Loans and Advances :
i) Balances from Debtors, Creditors and for Deposits are as per
management''s certification and not confirmed by the auditors
2 Previous year figures have been regrouped and reclassified wherever
necessary to confirm with current years classification.
Mar 31, 2010
1. PARTICULARS AS ON AS ON
31.03.10 31.03.09
1(1) Contingent Liabilities for disputed demand of:
a) Custom duty-Pending Appeal. NIL NIL
b) Annual Supervision charges of
Inspector from Excise NIL NIL
authorities.
c) Trade tax liability NIL NIL
(II) a) Guarantee Bond for duty free
import against Export NIL NIL
obligation.
b) Counter guarantee of guarantee
and surety bond issued NIL NIL
by an associate corporate body :
i) for term loan/WC finance etc. NIL NIL
(* company has complied its export obligation)
* Surety Bond/LUT executed in favour of Custom Authorities which is
equal to 100% of the duty livable on the sanctioned requirement of
imported capital goods; raw material; HSD and other consumables for
100% EOU. The company has complied its export obligation and applied
for reduction of the bond amount to the extent of Rs. 190.00 under
prevailing norms.
2. The company was engaged in the production of woolen yarn, as a 100%
EOU approved by Central Government and commenced commercial production
of woolen yarn w.e.f. 01.12.1999. There is no other activity undertaken
by the company during the year.
3. The machinery and other assets being installed during phase -II has
been capitalized.
4. The company has in process of creating database/identifying the
parties who are covered under SSI by seeking for information/documents
from its suppliers. Based on information/data base so far available,
the small scale undertakings to whom amounts outstanding Rs.l lac or
more is outstanding for more than 30 days, other than small scale
undertakings whose terms of payment requires the Company to pay them
after a period of 30 days, are as under :
Names of the Small Scale Industrial undertakings :
a) Kumar Engg. Works b) Vinayak Wool (India) Pvt. Ltd.
5 a) In the opinion of the Board of Directors and to the best of their
knowledge, adequate provision have been made in the account for all
known liabilities; and current Assets, Loans and Advances have a value
on realization in the ordinary course of business at least equal to the
amount at which they are stated in the Balance Sheet. Accounts with
foreign collaborators are subject to their confirmation.
b) Balance shown under debtors, advances, other current assets and
creditors so far as these have not been realized/discharged settled or
adjusted are subject to confirmation reconciliation and consequential
adjustments if any.
6. Additional Information pursuant to paras 3, 4C and 4D of Part II
Schedule VI to the Companies Act, 1956 annexed to the account for the
year ended March 31, 2010
G) No employee of the company was in receipt of remuneration in excess
of the amount specified u/s. 217 (2A) of the Companies Act, 1956.
H) The company has been advised that the computation of net profit for
the purpose of calculation of managerial remuneration under section 349
of the Companies Act, 1956 need not be enumerated since no commission
has been paid to the directors and that the remuneration is paid within
the limits of Schedule XIII to the Companies Act, 1956.
Schedule 1 to 22 referred to above form an integral part of the Balance
Sheet and Profit and Loss Account and have been duly authenticated.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article