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Notes to Accounts of Swasti Vinayaka Synthetics Ltd.

Mar 31, 2014

1. The Company Income Tax assessment completed up to assessment Year 2008-09.

2. Capital commitment (net off advances) not acknowledged as debt Rs NIL (Previous Year NIL)

3. Significant accounting policies followed by the Company are as stated in the statement annexed to this Schedule.

4. Contingent liability not provided for - In respect of disputed electricity charges Rs. 58.97 lacs (Previous Year 51.89 Lacs).

5. The Company is in the process of determining dues of small scale industries / undertakings exceeding Rs.1 Lac, which is outstanding for more than 30 days.

6. a] In the opinion of the Board of Directors, the Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course of business.

b] Balances appearing under the head Sundry Debtors, Sundry Creditors, Loans & Advances, and Deposits are subject to confirmation and reconciliation.

7. Previous year figures have been regrouped, rearranged wherever necessary, so as to make them comparable with the figures of current year.


Mar 31, 2013

1. The Company Income Tax assessment completed up to assessment Year 2008-09.

2. Capital commitment (net off advances) not acknowledged as debt Rs NIL (Previous Year NIL)

3. Significant accounting policies followed by the Company are as stated in the statement annexed to this Schedule.

4. Contingent liability not provided for - In respect of disputed electricity charges Rs. 51.89 lacs (Previous Year 45.93 Lacs).

5. Break-up of the Auditor''s Remuneration is as follows:

6. The Company is in the process of determining dues of small scale industries / undertakings exceeding Rs.1 Lac, which is outstanding for more than 30 days.

7. a] In the opinion of the Board of Directors, the Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course of business.

b] Balances appearing under the head Sundry Debtors, Sundry Creditors, Loans & Advances, and Deposits are subject to confirmation and reconciliation.

8. Previous year figures have been regrouped, rearranged wherever necessary, so as to make them comparable with the figures of current year.


Mar 31, 2012

1. The Company Income Tax assessment completed up to assessment Year 2008-09.

2. Capital commitment (net off advances) not acknowledged as debt Rs NIL (Previous Year NIL)

3. Significant accounting policies followed by the Company are as stated in the statement annexed to this Schedule.

4. Contingent liability not provided for-In respect of disputed electricity charges Rs. 45.93 lacs (Previous Year 40.45 Lacs).

5 The Company is in the process of determining dues of small scale industries/undertakings exceeding Rs. 1 Lac, which is outstanding for more than 30 days.

6 a) In the opinion of the Board of Directors, the Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course of business.

b) Balances appearing under the head Sundry Debtors, Sundry Creditors, Loans & Advances, and Deposits are subject to confirmation and reconciliation.

7 Previous year figures have been regrouped, rearranged wherever necessary, so as to make them comparable with the figures of current year


Mar 31, 2011

1. The Company Income Tax assessment completed up to assessment Year 2008-09.

2. Capital commitment (net off advances) not acknowledged as debt Rs NIL (Previous Year NIL)

3. Significant accounting policies followed by the Company are as stated in the statement annexed to this Schedule.

4. Contingent liability not provided for - In respect of disputed electricity charges Rs.40.45 lacs (Previous Year 36.14)

5. The Company is in the process of determining dues of small scale industries / undertakings exceeding Rs.1 Lac, which is outstanding for more than 30 days.

6. a] In the opinion of the Board of Directors, the Current Assets, Loans and Advances are of the value Stated, if realized in the ordinary course of business.

b] Balances appearing under the head Sundry Debtors, Sundry Creditors, Loans & Advances, and Deposits are subject to confirmation and reconciliation.

7. Previous period figures have been regrouped, rearranged wherever necessary, so as to make them comparable with the figures of current year.


Mar 31, 2010

1. The Company Income Tax assessment completed up to assessment Year 2007-08.

2. Capital commitment (net off advances) not acknowledged as debt Rs NIL (Previous Year NIL)

3. Significant accounting policies followed by the Company are as stated in the statement annexed to this Schedule.

4. Contingent liability not provided for - In respect of disputed electricity charges Rs.36.14 lacs (Previous Year 30.20)

5. The company has increased the cost of Land (Free hold ) by Rs. 909,700/-, Land ( Lease hold ) by Rs.912,414/-, Office Premises by Rs. 572,226/-and Factory Building by Rs. 11,093,810/- due to revaluation of these assets as certified by the Government Approved Valuer Report dated 22nd July,2003 and the Company has created Revaluation Reserve amounting to Rs. 13,488,150/-.

6. Break-up of the Auditors Remuneration is as follows:

Current Year Previous Year

Rs. Rs.

a) Statutory Audit Fees 1,06,250 85000

b) Tax/MVATAudit Fees 44,500 11300

c) Reimbursement of out of Pocket

Expenses 0 189

1,50,750 96,489

7. The Company is in the process of determining dues of small scale industries / undertakings exceeding Rs.1 Lac, which is outstanding for more than 30 days.

8. a] In the opinion of the Board of Directors, the Current Assets, Loans and Advances are of the value Stated, if realized in the ordinary course of business.

b] Balances appearing under the head Sundry Debtors, Sundry Creditors, Loans & Advances, and Deposits are subject to confirmation and reconciliation.

9. Previous year figures have been regrouped, rearranged wherever necessary, so as to make them comparable with the figures of current period.

 
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