Mar 31, 2018
1. Company Overview
M/S Castex Technologies Limited (hereinafter referred to as CTL) was previously known as Amtek India Limited. The Company has changed its name from Amtek India Ltd to Castex Technologies Limited w.e.f. from 26.05.2015. Since, the word "Castex" reflects the expertise of the Company in manufacturing of Casting components, the Board decided to change the name.
Castex Technologies Limited (hereinafter referred to as "CTL" or "the Company") established in 1983, is engaged in the manufacturing of machined and casting components. The company has Iron casting facilities at Bhiwadi (Rajasthan) and machining facilities at Gurugram (Haryana),Palwal (Haryana) and Solan (Himachal Pradesh).
The Product portfolio includes highly engineered components including cylinder head, cylinder blocks and turbo charger housing.
CTL is a major supplier to OEMs for passenger cars, light and heavy commercial vehicles and tractors, in the casting segment; and passenger cars, light and heavy commercial vehicles, 2/3 wheelers and tractors in the machining segment.
Major customers of the company include Maruti Udyog Ltd., TATA Motors, New Holland Tractors, Hyundai Motors, ITL, Eicher Motor, Bajaj, TVS etc. and also refrigeration industries like LG Electronics.
Company has its Registered Office at Village -Narsinghpur, Mohammadpur, Old Manesar Road, Gurugram, Haryana and Corporate Office at 3, Local Shopping Centre, Pamposh Enclave, G.K.-1, New Delhi.
Considering the ongoing corporate insolvency resolution process, the uncertainity as to the realisation of unused tax losses cannot be ascertained at this stage. Consequently, adjustments to defered tax (net) have not been given effect to, during the period. Further, deferred tax asset (net) for the year ended 31 March 2018 has not been recognised in the books of accounts.
Deferred Tax Assets and Deferred Tax Liabilities have been offset wherever the company has legally enforceable right to set of current tax assets against current tax liabilities and wherever the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.
*Including advances to supplier, prepaid expenses, and balances with Revenue Authorities. Staturoty receivable are subject to confirmation.
**Represents Items of Inventory items for which the management is in process of getting Technical/Commercial/Market evaluation.
Note No: 2. Rights, preferences and restrictions attached to Shares
Equity Shares: The Company has Issued equity shares having a par value of Rs 2/- per share. Each shareholder is eligible to one vote per share held.
The Company declares and pays dividends in Indian rupees. The dividend, if proposed by the Board of Directors, is subjected to the approval of the shareholders in the Annual General Meeting, except in case of interim dividend. In the event of liquidation of the Company, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity share held by the shareholders.
Preference Shares: The Company currently has Issued 0.1% non cumulative redeemable preference shares of Rs 100/each. Preference shares will be redeemed after 15 years from the date of allotment at such premium as may be decided by the board of directors, subject to minimum equivalent to issue price.
i) Since all term loans have become payable on demand in view of defaults in repayment of instalments/part of interest, entire term loan has been shown as current liabilities.
ii) Interest on borrowing upto the date of 20th December 2017, the date on which IRP was appointed.
iii) Terms debts are secured by mortgage/hypothication of movable and immovable assets of the company.
Note No : 3
The significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial asset, financial liability and equity instrument are disclosed in the financial statements.
Fair value hierarchy
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:
Level 1 â Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 â Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 â Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.
The financial instruments included in Level 2 of fair value hierarchy have been valued using quotes available for similar assets and liabilities in the active market. The investments included in Level 3 of fair value hierarchy have been valued using the cost approach to arrive at their fair value. The cost of unquoted investments approximate the fair value because there is a range of possible fair value measurements and the cost represents estimate of fair value within that range.
The following table summarises financial assets and liabilities measured at fair value on a recurring basis and financial assets that are not measured at fair value on a recurring basis (but fair value disclosure are required):
Note No. 4 Financial risk Management objectives and policies
The Company''s principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company''s operations and to support its operations. The Company''s financial assets include investment, loans, trade and other receivables, and cash & cash equivalents that derive directly from its operations. The Company is exposed to market risk, credit risk and liquidity risk, Considering on-going CIRP process, quantum of these risks are not ascertainable.
Note No: 5
The Previous period figures have been regrouped / reclassified, wherever considered necessary to conform to the current year presentation.
Sep 30, 2015
1) The above statement has been prepared under indirect method except
in case of dividend which has been considered on the basis of actual
movement of cash with corresponding adjustments of assets and
liabilities.
2) Cash & Cash Equivalents include cash & bank balances only.
3) Previous Year figures have been regrouped / recast wherever
considered necessary.
4) Cash and cash equivalents, as on 30th September 2015 includes
restricted bank balances of Rs. 932.44 lacs (Previous Year Rs.1,146.51
lacs). The restriction is primarily on account of cash and bank
balances held as margin money deposited against guarantee/LC's issued
by bank and earmarked Balances.
We have examined the above cash flow statement of Caste Technologies
Limited (formerly known as Amtek India Limited) for the year ended 30th
September,2015 and verify that it has been derived from the audited
accounts (and underlying records) of the company reported on by us as
per our report of even date.
Note No : 1. Rights, preferences and restrictions attached to Shares
Equity Shares: The Company currently has Issued equity shares having a
par value of Rs 2/- per share. Each shareholder is eligible to one vote
per share held. The Company declares and pays dividends in Indian
rupees. The dividend, if proposed by the Board of Directors, is subject
to the approval of the shareholders in the Annual General Meeting. In
the event of liquidation of the Company, the equity shareholders are
eligible to receive the remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
Preference Shares: During the year company has issued 0.1%
Non-cumulative redeemable preference shares having a par value of Rs.
100/- each. Preference at the end of five years from the date of
allotment with a clause of extension with mutual consent of both the
parties.
Particulars of Security
Term Debts from Financial Institutions/Banks are secured by way of
mortgage of company's all Immovable Properties ranking pari passu
interest and hypothecation of whole of the Company's Movable Properties
including Plant & Machinery, Machinery spares, tools and accessories
and personal guarantee of one of the Directors of the company.
Maturity Profile:
A) 10.50% Non-Convertible Debentures are repayable in next 2 years up
to the financial year 2017-2018.
B) Term Loans from Banks and financial Institutions are within the
interest band of 1% to 2.50 % over and above the base rate and are
repayable in quarterly installments up to the financial year 2024-2025.
C) Unsecured loans are repayable in the financial year 2016-2017.
Deferred Tax Assets and Deferred Tax Liabilities have been offset
wherever the company has legally enforceable right to set off current
tax assets against current tax liabilities and wherever the deferred
tax assets and deferred tax liabilities relate to income taxes levied
by the same taxation authority.
*Net of Impact of Rs. 37.11 lacs arising out of adjustment of WDV as at
Oct. 01, 2014 due to change in useful life of fixed assets as per
Schedule II of Companies Act 2013.
Particulars of Security
Working Capital facilities are secured by hypothecation of raw
material, semi-finished goods, stock-in-process, consumable stores and
book debts of the company.
* Corporate Loan of Rs. 7,825.00 Lacs is secured by way of subservient
charge on the entire fixed assets of the company and pledging of the
shares by the Promoters of the Company.
*Other Liabilities includes capital goods creditors and other short
terms Liabilities.
A) Names of related parties & description of relationship
1) Associate 1) Amtek Auto Ltd.( (Became Associate Company Since March
2015)
2) Subsidiary 1) Amtek Kuepper GmbH
3) Subsidiaries of Subsidiary 1) August Kupper GmbH (ceased to exist
from Dec.,2014)
2) H.J.Kupper System-Und Modultechnik GmbH (ceased to exist from
Dec.,2014)
3) H.J.Kupper Metallbearbeitung GmbH (ceased to exist from Dec.,2014)
4) SKD-GieBerei GmbH (ceased to exist from Dec.,2014)
5) Kupper Hungaria Kft (ceased to exist from Dec.,2014)
4) Subsidiaries of the Associate Company 1) Metalyst Forgings Ltd.
(Formerly Known as Ahmednagar
Forging Ltd.) (Became Associate Company Since March 2015)
2) Amtek Deutshland GmbH
3) Amtek Investment UK Ltd.
4) Amtek Germany Holding GP GmBH
5) Amtek Germany Holding GmBH & Co. KG
6) Amtek Holding BV
7) Amtek Global Technologies Pte. Ltd.
8) Amtek Transportation Systems Ltd.
9) Alliance Hydro Power Ltd.
10) Amtek Defence Technologies Ltd. (Ceased to exist as subsidiary
Since June 2015)
11) JMT Auto Limited
12) Amtek Precision Engineering Pte. Ltd.
13) Amtek Integrated Solutions Pte. Ltd.
14) Amtek Engineering Solutions Pte Ltd
5) Subsidiaries of Subsidiaries of the
1) Amtek Tekfor Holding GmbH Associate Company
2) Neumayer Tekfor GmbH
3) Tekfor Services GmbH
4) Neumayer Tekfor Rotenburg GmbH
5) Neumayer Tekfor Schmolln GmbH
6) Neumayer Tekfor Engineering GmbH
7) GfsV
8) Neumayer Tekfor Japan Co. Ltd.
9) Tekfor Inc.
10) Tekfor Maxico SA de CV
11) Neumayer Tekfor Automotive Brasil Ltda.
12) Neumayer Tekfor SpA
13) Tekfor Maxico Services
14) Tekfor Services Inc.
15) Amtek Powertrain Components B.V. (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)
16) Amtek Powertrain RUS LLC (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)
17) Amertec Systems Pvt. Ltd. (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)
18) Asahitec Metals (Thailand) Co., Ltd
19) Asahi Tec Metals Co. Ltd.
20) Techno-Metal Co., Ltd.
21) Techno Metal Amtek Japan Investments Ltd.
22) Techno Metal Amtek U.K. Investments
23) Techno Metal Amtek Thai Hold Co.
24) Amtek Universal Technologies Pte Ltd
25) AIMD GmbH; Hamburg
26) M. Droste Stahlhandel GmbH, Bochum
27) HAPU Industrie Vertretungen GmbH, Witten
28) OWZ Ostalb-Warmbehandlungszentrum GmbH, Essingen
29) SRT GmbH, Essingen
30) WTL Werkstofftechnik-Labor GmbH, Aalen
31) AIFT GmbH, Hamburg
32) BEW-Umformtechnik GmbH, Rosengarten
33) GHV Schmiedetechnik GmbH, Ennepetal
34) Amtek Machining System Pte Ltd.
35) Rege Motorenteile GmbH
36) Rege Motorenteile Verwaltungs GmbH
37) Rege Holding GmbH
38) Rege Automotive Brasov SRL
39) Rege Solutions
2) Associates of the Associate Company 1) ACIL Ltd. (Formerly known as
Amtek Crankshafts India Ltd.)
3) ARGL Ltd. (Formerly known as Amtek Ring Gears Ltd.)
4) Amtek Tekfor Automotive Ltd. (Ceased to be Associate
Company Since March 2015)
5) Joint Ventures of Associate Company 1) MPT Amtek Automotive (India)
Ltd.
6) SMI Amtek Crankshafts Pvt. Ltd.
7) Associates of Subsidiaries of the 1) Amtek Railcar Pvt. Ltd.
Associate Company
8) Joint Venture of Subsidiary of the 1) SFE GmbH Associate Company
9) Associate 1) Terrasoft Infosystems Pvt Ltd.
10) Joint Venture 1) Amtek Riken Casting Pvt. Ltd.
11) Key Management Personnel
1) Shri. S.S. Verma, Managing Director w.e.f. 03.11.2015
2) Shri. Gautam Malhotra, Managing Director
3) Shri. Vimal Kaushik, CFO
4) Shri. Ankit Gangwal, CFO w.e.f 16.08.2015
5) Shri Vishal Wason, Company Secretary
6) Ms. Bhavya Sehra Company Secretary w.e.f 01.08.2015F
Sep 30, 2014
The Previous period figures have been regrouped / reclassified,
wherever considered necessary to conform to the current year''s
presentation.
The company has only one class of shares referred to as Equity Shares
having a par value of Rs. 2/- per share. Each Holder of Equity Shares
is entitled to one vote per share.
Note No : 1 Detail regarding convertible securities equity and
preference share
FCCB''s of US$ 197.8 million are outstanding out of US$ 200 million for
conversion into 10,01,59,927 equity shares.
Note No : 2 There is no restriction on distrubtion of Dividends and
repayment of Capital.
Particulars of Security
Term Loans are secured by equitable mortgage of all immovable
properties of the Company and hypothecation of movable assets, save and
except the prior charge in favour of Banks over inventories and book
debts to secure working capital limits.
Particulars of Security
Working Capital facilities are secured by hypothecation of raw
material, semi-finished goods, stock-in-process, consumable stores and
book debts of the company.
*Cash and cash equivalents, as on 30th September 2014 and 30th
September, 2013 includes restricted bank balances of Rs. 1,146.51 & Rs.
1063.85 lacs respectively. The restriction is primarily on account of
cash and bank balances held as margin money deposited against
guarantee/LC''s issued by bank, and earmarked balances.
Note:- Raw material mainly include steel bars/billets, forgings, alloys
casting, alluminium casting & other boughtout items.
Note No: 3. CONTINGENT LIABILITIES (Rupees In Lacs)
Particulars As At As At
30.09.2014 30.09.2013
Unexpired Letter of Credit 2,188.61 550.46
Bank Guarantees 65.30 84.75
Disputed Statutory Dues in respect of 1,941.46 9,210.34
Excise Duty/Service Tax/Income Tax
Total 4,195.37 9,845.55
*Contingent Assets are neither recognised nor disclosed.
Note No: 4
Previous period figures being for 15 months are not comparable with the
figures of current year.
Sep 30, 2013
Note No : 1.1.1 Detail regarding convertible securities equity and
preference share
FCCB''s of US$ 198.6 million are outstanding out of US$ 200 million for
conversion into 10,05,82,728 equity shares. Note No : 2.1.5 There is
no restriction on distrubtion of Dividends and repayment of Capital.
Particulars of Security
Term Loans are secured by equitable mortgage of all immovable
properties of the Company and hypothecation of movable assets, save and
except the prior charge in favour of Banks over inventories and book
debts to secure working capital limits.
Deferred Tax Assets and Deferred Tax Liabilities have been offset
wherever the company has legally enforceable right to set off current
tax assets against current tax liabilities and wherever the deferred
tax assets and deferred tax liabilities relate to income taxes levied
by the same taxation authority.
Particulars of Security
Working Capital facilities are secured by hypothecation of raw
material, semi-finished goods, /stock-in-process, consumable stores and
book debts of the company.
Note No: 1.2
CONTINGENT LIABILITIES (Rupees In Lacs)
Particulars As At As At
30.09.2013 30.06.2012
Unexpired Letter of Credit 550.46 257.70
Bank Guarantees 84.75 119.00
Disputed Statutory Dues in respect
of Excise Duty/Service Tax/Income Tax 9210.34 35.45
Total 9,845.55 412.15
''Contingent Assets are neither recognised nor disclosed.
Note No. 1.3
Related Party Disclosures & Transactions
As per AS-18 issued by the Institute of Chartered Accountants of India,
related parties in terms of the said tandard are disclosed below:
A) Names of related parties & description of relationship
1) Holding 1) Amtek Auto Ltd.
1) Subsidiaries
1) Ahmednagar Forgings Ltd.
2) Amtek Deutshland GmbH
3) Amtek Investment UK Ltd.
4) Amtek Germany Holding GP GmBH
5) Amtek Germany Holding GmBH & Co. KG
6) Amtek Holding BV
7) Amtek Global Technologies Pte. Ltd.
8) Amtek Transportation Systems Ltd.
9) Alliance Hydro Power Ltd.
10) Amtek Defence Technologies Ltd.
11) JMT Auto Limited
3) Subsidiaries of Subsidiaries of the Holding Company
1) Amtek Tekfor Holding GmbH
2) Neumayer Tekfor GmbH
3) Tekfor Services GmbH
4) Neumayer Tekfor Rotenburg GmbH
5) Neumayer Tekfor Schmolln GmbH
6) Neumayer Tekfor Engineering GmbH
7) GfsV
8) Neumayer Tekfor Japan Co. Ltd.
9) Tekfor Inc.
10) Tekfor Maxico SA de CV
11) Neumayer Tekfor Automotive Brasil Ltda.
12) Neumayer Tekfor SpA
13) Tekfor Maxico Services
14) Tekfor Services Inc.
15) SFE GmbH
16) Amtek Powertrain Components B.V.
17) Amtek Powertrain RUS LLC
18) Amertec Systems Pvt. Ltd.
4) Associates of the Holding Company
1) ARGL Ltd. (Formerly known as Amtek Ring Gears Ltd.)
2) ACIL Ltd. (Formerly known as Amtek Crankshafts India Ltd.)
5) Joint Venture of Holding Co.
1) Amtek Tekfor Automotive Ltd.
2) MPT Amtek Automotive (India) Ltd.
3) SMI Amtek Crankshafts Pvt. Ltd.
6) Joint Venture''s of Subsidiaries of the Holding Company
1) Amtek Railcar Pvt. Ltd.
7) Key Management Personnel
1) Shri Gautam Malhotra
Jun 30, 2010
1. Schedule 1 to 11 form an integral part of the Balance Sheet and
Profit & Loss Account.
2. Contingent Liabilities: (Rs. in Lacs)
Current Year Previous Year
A. Estimated amount of contracts
remaining to be executed
on Capital Account and not
provided for 158.14 89.24
B. Unexpired Letters of Credit 292.78 126.23
C. Bank Guarantees 5.12 11.14
D. Disputed Statutory Dues in respect
of Excise Duty / Service Tax 17.03 17.03
* Contingent Assets are neither recognised, nor disclosed
3. In the opinion of the Board of Directors, the current assets and
loans & advances, if realized in the ordinary course of business, would
be realized at least equal to the amounts at which these have been
stated in the balance sheet. Further, provision for all known
liabilities have been made in the books of accounts.
4. Travelling expenses. Telephone Exp., Business promotion. Rent and
Hire charges and Running & Maintenance of vehicle expense include
Rs.1.64 lacs, Rs.1.43 lacs, Rs.0.32 lacs, Rs.9.45 lacs & Rs.1.39 lacs
(Previous year Rs. 1.33 lacs, Rs.1.52 lacs, Rs.0.18 lacs, Rs 8.48 lacs
and Rs.1.53 lacs) respectively incurred, by the director.
5. Maximum amount outstanding at any time during the year due from/due
to directors is Rs.Nil.
6. Confirmation of some of accounts at year-end included under the
head "sundry debtors/creditors" and loan & advances is yet to be
received as at the date of Audit Report.
7. (a) Sundry Creditors include a Sum of Rs.10.13 lacs (Previous Year
Rs 8.12) due to Small and Medium Enterprises.
(b) The List of SMEs units to whom Company owes a sum exceeding
Rs.1,00,000 and which is outstanding for more than 30 days is as unden-
Bansal Brothers, Anco Industries, Phoenix Enterprises, Pal Industries,
Gayatri Automations Systems Pvt. Ltd.,
Rimaco industries, Suprabha Protective products Pvt. Ltd., Bright
Burnishing Tools Pvt. Ltd.,
(c) The Payments to SMEs Undertakings have been made as per stipulated
terms.
(d) The above information has been compiled in respect of parties to
the extent to which they could be identified as SAAEs on the basis of
information available with the Company.
8. Market Value of the Quoted investments as on 30.06.2010:
Dena Bank Rs.93.05 per share (Aggregate Rs.6.52 lacs)
United Bank of India Rs.81.25 per share (Aggregate Rs.7.19 lacs)
9. The Company, during the year, has allotted 1,21,10,000 equity
shares of Rs.2/- each at a premium of Rs.39/- per share against
1,21,10,000 warrants issued to parties and companies covered in the
register maintained under section 301 of the Companies Act, 1956.
10. Related party Disclosures & transactions:
As per Accounting Standard AS -18 issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below :-
A) Names of related parties and description of relationship
1) Associates: 1) Amtek Auto Ltd. & its Subsidiaries / Joint Ventures
2) Subsidiaries 1) Amtek Industries (UK) Ltd.
3) Key Management Personnel 1) Shri Arvind Dham
2) Shri Gautam Malhotra
11. RETIREMENT BENEFITS:
Effective financial year 2008-09, the Company has implemented
accounting Standard (ASi-15 (Revised -2005) dealing with Employees
Benefits, issued by the Institute of Chartered Accountants of India.
AS-15 {Revised-2005) deals with recognition, measurement and disclosure
of short term, post employment, termination and other long term
employee benefits provided by the Company.
The Company has various Schemes of retirement benefits schemes such as
Provident Fund, Gratuity and Earned Leave.
Post Employment Benefit Plans:
Payments to defined contribution retirement benefit schemes is charged
as an expense as they fall due.
The cost of providing defined benefits is determined using Projected
Unit Credit Method and accordingly, actuarial valuation has been
carried out at the Balance Sheet date. Actual gain & losses are
recognised in full in the profit & loss account for the period in which
they occur. Past service cost is recognised to the extent the benefits
are already vested, and otherwise is amortised on a Straight line
Method over the average period until the benefits become vested.
The retirement benefit obligations recognised in the Balance Sheet
represent the present value of the defined benefit obligations as
adjusted for unrecognised past service cost, and as reduced by the fair
value of available refunds and reductions in future contributions to
the scheme.
Defined Benefit plan:
Gratuity Plan & Leave Encashment Plan
The Company, in accordance with AS-15 (Revised) has made the provisions
for Gratuity and Leave Encashment on projected unit credit method.
12. Export sales include sale in transit to its overseas customers
/subsidiary acknowledged in subsequent year, indirect export and deemed
export.
13. The Company has entered into hedge derivative transactions for
cost reduction and risk diversification strategy to manage its loan
portfolio. The Company is accounting for profit and /or loss in such
transactions on actual receipt / payment basis.
14. Detail of units manufactured, material consumed and sales include
components bought and sold.
15. During the year, the operations of the subsidiary Company AA/s
Amtek Industries Ltd (U.K) were discontinued. A part of the
manufacturing facilities have been relocated to India and the remaining
facilities are being relocated to India.
16. Previous years figures have been regrouped, rearranged and
recasted wherever considered necessary.
17. Other Income includes Profit on Sale of Investments, Dividend
Income, Interest on FDR, Rent & Other Income.
Jun 30, 2003
1. Schedule 1 to 13 form an integral part of the Balance Sheet and
Profit & Loss Account.
2. Contingent Liabilities: (Rs. in Mn)
Current Year Previous Year
a) Liabilities disputed (Excise Duty) 2.26 2.26
b) Guarantees issued by the 4.91 4.59
Bank on behalf of the Company
c) Unexpired Letters of Credit 1.11 0.98
3. In the opinion of the Board, the current assets,loans and advances
are approximately of the value stated, if realised in the ordinary
course of business. The provision for the known liabilities is adequate
and not in excess of amount considered necessary.
4. Other liabilities under current liabilities include amount
recovered from customers on account of CST/LST/ Surcharge, but not
deposited, as the company had been issued an eligibility certificate
for Sales Tax deferement for nine years under the Haryana General Sales
Tax rules, 1975.
5. Confirmation of some of account at year end included under head
"sundry debtors/ creditors" and loan & advances have yet to be received
as at the date of auditor report.
6. Market Value of the Quoted investments as on 30.06.2003 is Amtek
Auto Ltd. Rs. 196 per share
7. Miscellaneous income includes Dividend (Rs. 5.63 Mn), Interest on
deposits (Rs. 0.61 Mn) profit on sale of machine (Rs. 0.23 Mn) & other
Sales (Rs. 2.03 Mn).
8. Details of unit manufactured, material consumed and sales include
components bought and sold.
9. Figures have been re-grouped and recasted to make them comparable
with the current year, wherever considered necessary.