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Notes to Accounts of Super Tannery Ltd.

Mar 31, 2015

1. Disclosure in terms of AS 15

Defined Benefit Plan

The employees Gratuity Fund Scheme, which is a defined benefit plan, is managed by the trust maintained with LIC. The present value of obligation is determined based on actuarial valuation using Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

2. The related party disclosure in accordance with AS 18 'Related Party Disclosures' issued by ICAI, is given below:

A. Relationship

i. SubsidiaryCompany

Aarifi Tanners Limited, Super Tannery (U.K.) Limited, Safety Solutions s.r.o, Super Corporation Limited

ii. Joint Ventures, Associates & Entities:

Joint Venture: Nil

Associates & Entities : Secure Safety Limited

iii. Key Management Personnel (KMP) & Relatives:

Mr. Iftikharul Amin (Managing Director)

Mr. Iqbal Ahsan (Joint Managing Director)

Mr. Veqarul Amin (Joint Managing Director)

Mr. Imran Siddiqui (Whole-time Director)

Mr. Arshad Khan (Whole-time Director)

Mr. Mohd. Imran (Whole-time Director)

Mr. Mubasherul Amin (Son of Mr. Iqbal Ahsan)

Mr. Tanveerul Amin (Son of Mr. Iftikharul Amin)

Mr. Umairul Amin (Son of Mr. Iqbal Ahsan)

Mr. Khalid Sayeed (Brother of Mr. Imran Siddique)

iv. Other : Enterprise over which KMP or relatives of KMP are able to exercise significance influence:

Super Shoes Limited, Amin Tannery Limited, Amin Colonizers & Developers Ltd, Super Tannery FZE, Banthar Industrial Pollution Control Company Industrial Infrastructure Services (I) Ltd, Super House Limited

B. The following transactions were carried out with related parties in the ordinary course of business during the year:

3. The Company's operation predominantly comprises only one segment i.e. Leather and Leather Products; hence provisions of AS-17 on Segment Reporting is not applicable.

4. During the year under consideration no borrowing cost has been capitalized by the company in accordance with the provisions of AS-16 on Borrowing Costs.

5. The company has incurred Research & Development expenses during the year, the same are immaterial and no future economic benefit will accrue, therefore no expenses have been capitalized.

6. Disclosure in terms of AS-28

The management has carried out an exercise of identifying the assets that may have been impaired, during the year, in respect of each cash generating unit. On the basis of review carried out by the management, there was no impairment loss on fixed assets during the year.

7. Disclosure in terms of AS-29

The company has recognised contingent liabilities as disclosed in Note 39 above and as such no provision is required to be made. No provision was outstanding as at the beginning and at the end of the year.

8. Confirmation of Balances with Sundry debtors, creditors, loans and advances and other parties have not been received in few cases.

9. Certain assets of erstwhile Super Agro-Tech Limited (SATL) acquired pursuant to the scheme of amalgamation sanctioned by Hon'ble High Court of Judicature at Allahabad, included in the books of the company remain under the name of SATL pending completion of the certain formalities. Further to aforesaid certain land at Banthar, Unnao though used for the business purposes of the company is lying registered in the name of one of the director of the company.

10. Other Liabilities includes Rs. 2,93,10,000 being advance money received against sale of land at Dehradoon.

11. The current assets, loans and advances are approximately of the values stated, if realised in the ordinary course of business. The provisions for all known liabilities adequate and not in excess of the amount considered reasonably necessary.

12. The figures of the previous year have been regrouped/rearranged wherever necessary in order to make them comparable with the figures of the current year. Figures have been rounded off to the nearest rupee. Figures in brackets pertain to previous year


Mar 31, 2014

1. Disclosure in terms of AS 15 Defined Benefit Plan

The employees Gratuity Fund Scheme, which is a defined benefit plan, is managed by the trust maintained with LIC. The present value of obligation is determined based on actuarial valuation using Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

2. The related party disclosure in accordance with AS 18 ''Related Party Disclosures'' issued by ICAI, is given below:

A. Relationship

i. SubsidiaryCompany

Aarifi Tanners Limited Super Safetywears Limited Super Tannery (U.K.) Limited Safety Solutions s.r.o Super Corporation Limited

ii. Joint Ventures, Associates & Entities: Joint Venture: Nil Associates & Entities :

Secure Safety Limited

iii. Key Management Personnel & Relatives:

Mr. Iftikharul Amin (Managing Director)

Mr. Iqbal Ahsan (Joint Managing Director)

Mr. Veqarul Amin (Joint Managing Director)

Mr. Imran Siddiqui (Whole-time Director)

Mr. Arshad Khan (Whole-time Director)

Mr. Mohd. Imran (Whole-time Director)

Mr. Mubasherul Amin (Son of Mr. Iqbal Ahsan)

Mr. Tanveerul Amin (Son of Mr. Iftikharul Amin)

Mr. Umairul Amin (Son of Mr. Iqbal Ahsan)

Mr. Khalid Sayeed (Brother of Mr. Imran Siddique)

iv. Other : Enterprise over which KMP or relatives of KMP are able to exercise significance influence:

Super Shoes Limited

Amin Colonizers & Developers Ltd

Super Tannery FZE

Banthar Industrial Pollution Control Company

Industrial Infrastructure Services (I) Ltd

3. Contingent liabilities ( Rupees )

Particulars Period

2013-14 2012-13

i. L C issued by the Bank 3,33,85,014 4,55,54,739

ii. Guarantee issued by the Bank 30,70,454 19,14,704

iii. The detail of disputed dues as per the clause ix (b) of Section 227 (4A) of the Act is as follows:

Income Tax:

CIT Appeals, Kanpur A.Y. 2010-11 63,98,520 63,98,520

CIT Appeals, Kanpur A.Y. 2011-12 14,30,260 -

ITAT Lucknow Bench A.Y. 2007-08 30,54,620 30,54,620

ITAT Lucknow Bench A.Y. 2009-10 2,36,052 2,36,052

(Above claims are likely to be decided in favour

of the company, hence not provided for)

4. The Company''s operation predominantly comprises only one segment i.e. Leather and Leather Products; hence provisions of AS-17 on Segment Reporting is not applicable.

5. In the absence of the Notification in the Official Gazette of the Central Government of India, the cess payable under Section 441A has not been paid / provided. The payment of cess shall be made in accordance with the Notification, as and when issued by the Central Government of India in its Official Gazette.

6. During the year under consideration, no borrowing cost has been capitalized by the company in accordance with the provisions of AS-16 on Borrowing Costs.

7. The company has incurred in Research & Development expenses during the year, the same are immaterial and no future economic benefit will accrue, therefore no expenses have been capitalized.

8. Disclosure in terms of AS-28

The management has carried out an exercise of identifying the assets that may have been impaired, during the year, in respect of each cash generating unit. On the basis of review carried out by the management, there was no impairment loss on fixed assets during the year.

9. Disclosure in terms of AS-29

The company has recognised contingent liabilities as disclosed in Note 39 above and as such no provision is required to be made. No provision was outstanding as at the beginning and at the end of the year.

10. Confirmation of Balances with Sundry debtors, creditors, loans and advances and other parties have not been received in few cases.

11. Certain assets of erstwhile Super Agro-Tech Limited (SATL) acquired pursuant to the scheme of amalgamation sanctioned by Hon''ble High Court of Judicature at Allahabad, included in the books of the company remain under the name of SATL pending completion of the certain formalities. Further to aforesaid certain land at Banthar, Unnao though used for the business purposes of the company is lying registered in the name of one of the directors of the company.

12. Other Liabilities includes Rs. 2,93,10,000 being advance money received against sale of land at Dehradoon.

13. The current assets, loans and advances are approximately of the value stated, if realised in the ordinary course of business. The provisions for all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

14. The figures of the previous year have been regrouped/rearranged wherever necessary in order to make them comparable with the figures of the current year. Figures have been rounded off to the nearest rupee. Figures in brackets pertain to previous year.


Mar 31, 2013

1. Disclosure in terms of AS 15 Defined Benefit Plan

The employees Gratuity Fund Scheme, which is a defined benefit plan, is managed by the trust maintained with LIC. The present value of obligation is determined based on actuarial valuation using Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

2. The related party disclosure in accordance with AS 18 ''Related Party Disclosures'' issued by ICAI, is given below: A. Relationship

i. Subsidiary (Wholly owned) Company

Aarifi Tanners Limited Super Safetywears Limited Super Tannery (U.K.) Limited Safety Solutions s.r.o

ii. Joint Ventures, Associates & Entities: Joint Venture: Nil Associates : Nil

iii. Key Management Personnel & Relatives:

Mr. Iftikharul Amin (Managing Director)

Mr. Iqbal Ahsan (Joint Managing Director)

Mr. Veqarul Amin (Joint Managing Director)

Mr. Imran Siddiqui (Whole-time Director)

Mr. Arshad Khan (Whole-time Director)

Mr. Mohd. Imran (Whole-time Director)

Mr. Mubasherul Amin (Son of Mr. Iqbal Ahsan)

Mr. Tanveerul Amin (Son of Mr. Iftikharul Amin)

Mr. Khalid Sayeed (Brother of Mr. Imran Siddique)

iv. Other : Enterprise over which KMP or relatives of KMP are able to exercise significance influence:

Super Shoes Limited

Amin Colonizers & Developers Ltd

Super Tannery FZE

Banthar Industrial Pollution Control Company

Industrial Infrastructure Services (I) Ltd

3. The Company''s operation predominantly comprises only one segment i.e. Leather and Leather Products; hence provisions of AS-17 on Segment Reporting is not applicable.

4. In the absence of the Notification in the Official Gazette of the Central Government of India, the cess payable under Section 441A has not been paid / provided. The payment of cess shall be made in accordance with the Notification, as and when issued by the Central Government of India in its Official Gazette.

5. During the year under consideration no borrowing cost has been capitalized by the company in accordance with the provisions of AS-16 on Borrowing Costs.

6. The company has incurred in Research & Development expenses during the year, the same are immaterial and no future economic benefit will accrue, therefore no expenses have been capitalized.

7. Disclosure in terms of AS-28

The management has carried out an exercise of identifying the assets that may have been impaired, during the year, in respect of each cash generating unit. On the basis of review carried out by the management, there was no impairment loss on fixed assets during the year.

8. Disclosure in terms of AS-29

The company has recognised contingent liabilities as disclosed in Note 39 above and as such no provision is required to be made. No provision was outstanding as at the beginning and at the end of the year.

9. Confirmation of Balances with Sundry debtors, creditors, loans and advances and other parties have not been received in few cases.

10. Certain assets of erstwhile Super Agro-Tech Limited (SATL) acquired pursuant to the scheme of amalgamation sanctioned by Hon''ble High Court of Judicature at Allahabad, included in the books of the company remain under the name of SATL pending completion of the certain formalities. Further to aforesaid certain land at Banthar, Unnao though used for the business purposes of the company is lying registered in the name of one of the directors of the company.

11. Other Liabilities includes Rs. 2,93,10,000 being advance money received against sale of land at Dehradoon.

12. The current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

13. The figures of the previous year have been regrouped/rearranged wherever necessary in order to make them comparable with the figures of the current year. Figures have been rounded off to the nearest rupee. Figures in brackets pertain to previous year.


Mar 31, 2012

1.1 Term/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 1 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the numberof equity shares held by the shareholders.

At the annual general meeting held on 30th September 2010, the members of company have approved a stock split i.e. sub-division each equity share of the company of the face value of Rs. 21- each as existing on Record Date, shall stand sub-divided into two equity shares of face value of Rs. 1/- each fully paid up, and consequently the Authorized and Paid up Equity Share Capital of the company be changed accordingly.

1.2 Shares held by holding/ultimate holding company and/or their subsidiaries/associates: NIL

"Corporate loan (INR) from bank carries interest @ 14.25% p.a. The loan is repayable in 9 regular installments as under:-

a) First6quarterlyinstallmentsofRs.0.50crore.(From31.l2.2011 to31.03.2013)

b) Next 2 quarterly installments of Rs. 0.70 crore. (On 30.06.2013 and 30.09.2013)

c) Last installment of Rs. 0.60 crore. on 30.11.2013

along with interest, from the date of loan, Viz 31.st December, 2011. The loan is secured by first charge over entire fixed assets (both present and future, except vehicles financed by other Banks/ Fis) of the Company. Extension of charge on current assets of the Company.

'Working Capital Loan from State Bank of India is secured by hypothecation of stocks, Book Debts, Plant & Machineries and equitable mortgage of Company's land & building and personal guarantee of some of the directors. Foreign Currency Loan from State Bank of India, Qatar is secured by providing lien on cash credit limit of the company.

2.1 The company has requested confirmation from Suppliers regarding their registration (filling of Memorandum) under the Micro, Small and Medium Enterprises Development Act, 2006 (the Act). According to the information available with the company there was no amount (principal and/or interest) due to any micro/small enterprises (SME as defined in the Act) as at the end of the year. There is no delay in payment to SME during the year. No interest was paid/payable on account of delay in payment to SME during the year in terms of Section 16 of the Act.

3.1 There are no amounts due for payment to Investor Education & Protection Fund under Section 205C of , the Companies Act, 1956 as at the year end.

4.1 Gross Depreciation for the year is Rs. 3,56,93,914 (Rs. 3,38,97,923) out of which Rs. 2,46,343 (Rs. 2,76,402) being depreciation on revalued amount, has been adjusted from Revaluation Reserve as per accounting policy given in the accounting policy of the depreciation.

4.2 Certain Fixed Assets of the Company were revalued by the Approved Valuer as on 31st March, 1992. Accordingly value of Fixed Assets of the Company was increased by Rs. 4,11,23,987 (Land Rs. 1,73,96,063, Building Rs. 70,44,300 and Plant and Machinery Rs. 1,66,83,624) and the corresponding amount was credited to the Revaluation Reserve.

In respect of items which are purchased both from indigenous and imported sources, the identity of individual items consumed cannot be established but segregation of consumption between imported and indigenous sources has been made on a reasonable approximation determined from the Company's records.

5. Acturial valuation of Gratuity as required by Accounting Standard 15 "Employee Benefits" issued by the Institute of Chartered Accountants of India has not been done by the Company. However on 11th june, 2009 the company has taken a Group Gratuity Scheme from Life Insurance Corporation of India.

6. The related party disclosure in accordance with AS 18 ‘Related Party Disclosures' issued by ICAI, is given below:

A. Relationship

i. Subsidiary (Wholly owned) Company

Aarifi Tanners Limited

Super Safetywears Limited

Super Tannery (U.K.) Limited

Safety Solutions s.r.o

ii. Joint Ventures, Associates & Entities:

Joint Venture: Nil

Associates & Entities:

Super Shoes Limited Amin Colonizers & Developers Ltd Gentraco India Exim Ltd Super Tannery FZE

Banthar Industrial Pollution Control Company Industrial Infrastructure Services (I) Ltd

iii. Key Management Personnel & Relatives:

Mr. Iftikharul Amin (Managing Director)

Mr. Iqbal Ahsan (Joint Managing Director)

Mr. Veqarul Amin (Joint Managing Director)

Mr. Imran Siddiqui (Whole-time Director)

Mr. Arshad Khan (Whole-time Director)

Mr. Mohd. Imran (Whole-time Director)

Mr. Mubasherul Amin (Son of Iqbal Ahsan)

Mr. Tanveerul Amin (Son of Iftikharul Amin)

Mr. Khalid Sayeed (Brother of Imran Siddique)

7. Contingent liabilities 2011-12 2010-11 Contingent Liabilities in respect of:

i. Guarantees issued by the Bank NIL NIL

ii. Foreign Bills negotiated/Purchased with Bankers 9,02,50,013 8,36,19,900

Above claims are likely to be decided in favour of the company, hence not provided for.

8. The Company's operation predominantly comprises only one segment i.e. leather and leather Products, therefore, Segment Reporting as per Accounting Standard (AS-17) issued by the Institute of Chartered Accountants of India is not applicable.

9. In the absence of the Notification in the Official Gazette of the Central Government of India, the cess payable under Section 441A has not been paid / provided. The payment of cess shall be made in accordance with the Notification, as and when issued by the Central Government of India in its Official Gazette.

10. During the year under consideration no borrowing cost has been capitalized by the company in accordance with the Accounting Standard 16 Borrowing Cost' issued by the Institute of Chartered Accountants of India.

11. The company has incurred in Research & Development expenses during the year, the same are immaterial and no future economic benefit will accrue, therefore no expenses have been capitalized.

12. Disclosure in terms of AS 28

The management has carried out an exercise of identifying the assets that may have been impaired, during the year, in respect of each cash generating unit. On the basis of review carried out by the management, there was no impairment loss on fixed assets during the year.

13. Disclosure in terms of AS 29

The company has recognised contingent liabilities as disclosed in Note 39 above and as such no provision is required to be made. No provision was outstanding as at the beginning and at the end of the year.

14. Confirmation of Balances with Sundry debtors, creditors, loans and advances and other parties have not been received in few cases.

15. The figures of the previous year have been regrouped/rearranged wherever necessary in order to make them comparable with the figures of the current year. Figures have been rounded off to the nearest rupee.

16. Other Liabilities includes advance money received against land at Dehradoon.

17. Certain assets of erstwhile Super Agro-Tech Limited (SATL) acquired pursuant to the scheme of amalgamation sanctioned by Hon'ble High Court of Judicature at Allahabad, included in the books of the company remain under the name of SATL pending completion of the relevant formalities.

Likewise, certain land at banthar, Unnao is lying registered in the name of some the Directors of the Company. .

18. Previous Year Figures

The financial statements for the year ended 31 st March, 2011 had been prepared as per the then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification of revised Schedule VI under the Companies Act, 1956 the financial statements for the year ended 31 st March,2012 are prepared as per revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of revised Schedule VI for the previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.


Mar 31, 2010

1. Estimated amount of contracts remaining to be executed on capital account Rs.200 lacs (Rs. 250 lacs) against which advances have been paid Rs. 28.78 lacs (Rs. 120.80 lacs).

2. Contingent liability on account of:

31st March, 2010 31st March. 2009

a. Foreign Bills negotiated/ Purchased with Bankers 6,82,22,248 1,94,65,835

b. Bank Guarantee 4,25,000 15,95,000

c. Electricity Demand Pending litigation NIL 58,60,703

3. Equity Share Capital includes:

5,00,000 Shares of Rs.2/- each allotted as fully paid up pursuant to a contract without the payment being received in cash;

22,50,000 Shares of Rs.2/- each allotted as fully paid up Bonus Shares by capitalization of General Reserve;

29,95,560 Shares of Rs.2/- each allotted as fully paid up pursuant to the Scheme of amalgamation to the erstwhile Share Holders of Super Agro-tech Limited.

1,53,000 Shares of Rs. 21- each forfeited and re-issued to the promoters of the company.

3,59,91,120 Shares of Rs. 21- each allotted as fully paid up Bonus Shares by capitalization of Share Premium Reserve.

4. At the annual general meeting held on 30th September 2009, the shareholders of the company approved issue of Bonus Equity Shares in the ratio 1:2. The record date was fixed by the Board of Directors of the Company on 9th February, 2010. Accordingly the shares were credited to the eligible share holders as per record date. Pursuant to the provisions of Accounting Standard - 20 "Earning per Share", figures in respect of Earning per Share for the last year has been disclosed at Restated Value.

5. Working capital Loan from State Bank of India is secured by hypothecation of stocks, Book Debts, plant and machineries and equitable mortgage of Companys land and building and personal guarantee of some of the directors. Term-loan from State Bank of India is secured by equitable Mortgage of Companys Land and Building at Leather Technology Park, Banthar, Unnao and personal guarantee of some of directors. Secured loans-others (Vehicle loan) is secured against hypothecation of respective Vehicles.

6. Rupee Term Loan includes a sum of Rs. 39.46 lacs (Rs. 133.44 lacs) due for payment within one year and Foreign Currency Loan amounting to Rs. 270.30 Lacs has been paid during the year.

7. The current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

8. Acturial valuation of Gratuity as required by Accounting Standard 15 "Employee Benefits" issued by the Institute of Chartered Accountants of India has been done by the Company. However on 11th June, 2009 the company has taken a Group Gratuity Scheme from Life Insurance of India.

9. Certain Fixed Assets of the company were revalued by approved valuer as on 31st March, 1992. Accordingly value of Fixed assets of the company was increased by Rs. 411.24 Lacs (Land Rs. 173.96 Lacs. Building Rs. 70.44 Lacs & Plant and Machinery Rs. 166.84.Lacs) and the corresponding amount was credited to the Revaluation Reserve.

10. Gross depreciation for the year is Rs. 3,29,79,931 (Rs. 2,86,02,285) out of which Rs. 3,10,667 (Rs: 3,49,769) being depreciation on revalued amount, has been adjusted from Revaluation Reserve as per accounting policy given in the accounting policy of the depreciation.

11. The company has requested confirmation from suppliers regarding their registration (filing of Memorandum) under the Micro, Small and Medium Enterprises Development Act, 2006 (the Act). According to the information available with the company there was no amount (principal and/or interest) due to any micro/small enterprises (SME as define in the Act) as at the end of year. There is no delay in payment to SME during the year. No interest was paid/payable on account of delay in payment to SME during the year in terms of the Section 16 of the Act.

12. Pursuant to the exemption under Section 211(4) of the Companies Act,1956 obtained from Government of India Ministry of Corporate Affairs, vide order No. 46/99/201 OtCL-III dated 4/5/2010 the company is not required to disclose quantitative details of paras 3(ii) (a) (I) and 3(ii) (d) of part II of Schedule VI to the CompaniesAct, 1956.

13. Certain assets of erstwhile Super Agro-Tech Limited (SATL) acquired pursuant to the scheme of amalgamation sanctioned by Honble High Court of Judicature at Allahabad, included in the books of the company remain under the name of SATL pending completion of the relevant formalities. Likewise, certain land at Banthar, Unnao is lying registered in the name of some of the Directors of the Company.

14. Sundry creditors for capital goods includes advance money received against land at Dehradoon.

15. The Companys operation predominantly comprises only one segment i.e. leather and leather Products, therefore, Segment Reporting as per Accounting Standard (As-17) issued by the Institute of Chartered Accountants of India is not applicable.

16. The Company has accounted deferred tax liability i.e. difference of taxable income and accounting income, comprising tax effect of timing difference as under:-

17. In the absence of the Notification in the Official Gazette of the Central Government of India, the cess payable under Section 441A has not been paid / provided. The payment of cess shall be made in accordance with the Notification, as and when issued by the Central Government of India in its Official Gazette.

18. During the year under consideration no borrowing cost has been capitalized by the company in accordance with the Accounting Standard 16. Borrowing Cost issued by the Institute of Chartered Accountants of India.

19. The company has incurred in Research & Development expenses during the year, the same are immaterial and no future economic benefit will accrue, therefore no expenses have been capitalized.

20. Disclosure in terms of AS 28

The management has carried out an exercise of identifying the assets that may have been impaired, during the year the respect of each cash generating unit. On the basis of review carried out by the management, there was no impairment loss on fixed assets during the year.

21. Interest includes Rs. 17,44,643 (Rs. 54,24,084) being interest on fixed period loans.

22. Confirmation of Balances with Sundry debtors, creditors, loans and advances and other parties have not been received in few cases.

23. Disclosures in terms of AS 29.

The company has recognized contingent liabilities as disclosed in Note No. B-2 above and as such no provision is required to be made. No provision was outstanding as at the beginning and at the end of the year.

24. Figures in brackets pertain to previous year.

25. The figures of the previous year have been regrouped/rearranged wherever necessary in order to make them comparable with the figures of the current year.

26. Figures have been rounded off to the nearest rupee.

27. Information pursuant to provisions of Part IV of Schedule VI of the Companies Act, 1956, is attached. Signature to Schedules 1 to 19

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