Mar 31, 2015
1. Corporate information
GTV Engineering Ltd. is a Limited company incorporated on 4[h December
1990. The company is engaged in Hitech steel fabrication having its
manufacturing unit at Plot No. 216-218, Industrial Area, Mandideep,
Dist. Raisen and Plot No. K-20-22, Industrial Area, Malanpur, Dist.
Bhind and Plot No. 69, Industrial Area, Mandideep, Dist Raisen, M.P.
2. Basis of accounting and preparation of financial statements
(a) The financial statements have been prepared on accrual basis under
the historical cost convention in accordance with the Generally
Accepted Accounting Principles in India (Indian GAAP), and applicable
Accounting Standards referred to in section 133 of the Companies Act,
2013, (The Act). The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the
previous year.
(b) The classification of assets and liabilities of the company into
current or non-current is based on the criterion specified in the
Revised Schedule III to the Companies Act, 2013. The company has
ascertained its operating cycle as 12 months for the purpose of current
and non-current classification of assets and liabilities.
3. Use of estimates
The preparation of the financial statements requires the Management to
make estimates and assumptions considered in the reported amounts of
assets and liabilities (including contingent liabilities) and the
reported income and expenses during the year. The Management believes
that the estimates used in preparation of the financial statements are
prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and the
estimates are recognized in the periods in which the results are known
/ materialize.
4. " Cash Flow Statement "
Cash Flow are reported using the indirect method, where by Profit
before tax is adjusted for the effects of transaction of a non cash
nature , any deferral or accruals of past or future cash receipts or
payments and item of Income or expenses associated with investing and
financing cash flow . The cash flow from operating investing and
financing activities of the company are egregated.
5. Revenue Recognition
(a) Sales
Revenue from sale of goods is recognized:
- When all the significant risks and rewards of ownership are
transferred to the buyer and the seller retains no effective control of
the goods transferred to a degree usually associated with ownership and
- No significant uncertainty exists regarding the amount of the
consideration that will be derived from the sale of goods.
(b) " Interest "
Interest income is recognized on a time proportion basis taking into
account the amount |outstanding and the rate applicable
6. Fixed Assets
Fixed assets are carried at cost less accumulated depreciation. Cost of
fixed assets comprises its purchase price and any attributable
expenditure (both direct and indirect) for bringing an asset to its
working condition for its intended use.
7. " Depreciation and amortization"
As per the requirements of Companies act, 2013, the company has
computed depreciation with reference to the useful life of respective
assets specified in and in the manner prescribed in Schedule II to the
Act. Accordingly, the assets whose useful life has already exhausted as
on 1st April,2014 has been charged to opening balance of retained
earnings amounting to Rs.162.87 Lacs . Further, based on the residual
life of the remaining assets, depreciation amount reduced by Rs.2.07
Lacs . In relation to the assets added after 1st April,2014,
depreciation has been charged as per the provisions of said Schedule
II.
8. Impairment of Assets
The carrying values of assets / cash generating units at each Balance
Sheet date are reviewed for impairment. If any indication of impairment
exists, the recoverable amount of such assets is estimated and
impairment is recognized, if the carrying amount of these assets
exceeds their recoverable amount. The recoverable amount is the greater
of the net selling price and their value in use. Value in use is
arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor. When there is indication that
an impairment loss recognized for an asset in earlier accounting
periods no longer exists or may have decreased, such reversal of
impairment loss is recognized in the Statement of Profit and Loss,
except in case of revalued assets.
9. Inventories
Inventories are valued at cost or net realizable value, whichever is
lower. The cost in respect of the various items of
inventory is computed as under:
- In case of raw materials at FIFO plus direct expenses.
- In case of work in progress at raw material cost plus conversion
costs depending upon the stage of completion.
- In case of finished goods at raw material cost plus conversion costs,
packing cost and other overheads incurred to bring the goods to their
present location and condition.
10. Employee Benefits
(a) Short term employee benefits
Short term employee benefits are recognized as an expense at the
undiscounted amount in the Statement of Profit and Loss of the year in
which the related service is rendered.
(b) Post-employment benefits: Employee Provident Fund
The eligible employees of the Company are entitled to receive post
employment benefits in respect of provident fund, in which both the
employees and the Company make monthly contributions at a specified
percentage of the employees' eligible salary.
11. Borrowing costs
Borrowing cost includes amortization of ancillary cost related to
borrowings and foreign exchange to the extent they regarded as
adjustment to interest cost. Borrowing costs that are attributable to
the acquisition or construction of qualifying assets are capitalized as
part of the cost of such assets till such time that the asset is ready
for its intended use or sale . A qualifying asset is one that
necessarily takes substantial period of time to get ready for the
intended use. Other borrowing costs are recognized as an expense in the
period in which they are incurred.
12. Earnings per share
Basic earnings per share is computed by dividing the net profit or loss
for the period attributable to equity shareholders by the number of
equity shares outstanding during the period.
13. Provisions and contingencies
A provision is recognized when the Company has a present obligation as
a result of past events and it is probable that an outflow of resources
will be required to settle the obligation in respect of which a
reliable estimate can be made. Provisions are not discounted to their
present value and are determined based on the best estimate required to
settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed unless the possibility
of an outflow of resources embodying the economic benefit is remote.
14. Taxation
Tax expense comprises of current and deferred tax. Current tax is
measured at the amount expected to be paid in accordance with the
Income-tax Act, 1961. Deferred income taxes reflects the impact of
current year timing differences between taxable income and accounting
income for the year and reversal of timing differences of earlier
years. Deferred tax is measured based on the tax rate and tax laws
enacted or substantially enacted at the balance sheet date.
15. The previous year figures have been regrouped/ reclassified,
wherever necessary to conform to the current year's presentation.
Mar 31, 2014
1. Corporate information
GTV Engineering Ltd. is a Limited company incorporated under the
provisions of the Companies Act 1956 on 4th December 1990. The company
is engaged in Hitech steel fabrication having its manufacturing unit at
Plot No 216-218,Industrial Area' MandideeP/ Dist. Raisen and Hot No.
K-20-22, Industrial Area, Malanpur, Dist. Bhind and Plot No. 69,
Industrial Area Mandideep, Dist Raisen, M.P.
2. Basis of accounting and preparation of financial statements
(a) The financial statements have been prepared on accrual basis under
the historical cost" convention in accordance with the Generally
Accepted Accounting Principles in India (Indian GAAP), and Accounting
Standards referred to in section 211 (3C) of the Companies Act, 1956
The accounting policies adopted in the preparation of the financial
statements are consistent with those followed in the previous year.
(b) The classification of assets and liabilities of the company into
current or non-current is based on the criterion specified in the
Revised Schedule VI to the Companies Act, 1956. The company has
ascertained its operating cycle as 12 months for the purpose of current
and non-current classification of assets and liabilities.
3. Use of estimates
The preparation of the financial statements requires the Management to
make estimates and assumptions considered in the reported amounts of
assets and liabilities (including contingent liabilities) and the
reported income and expenses during the year. The Management believes
that the estimates used in preparation of the financial statements are
prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and the
estimates are recognized in the periods in which the results are known
/ materialize
4. Cash Flow Statement
Cash Flow statement has been prepared in accordance with the indirect
method prescribed in Accounting Standard 3 issued under the Companies
(Accounting Standards) Rules, 2006 and as required by the Securities
and Exchange Board of India.
5. Revenue Recognition
(a) Sales
Revenue from sale of goods is recognized:
When all the significant risks and rewards of ownership are transferred
to the buyer and the seller retains no effective control of the goods
transfixed to a decree usually associated with ownership and
- No significant uncertainty exists regarding the amount of the
consideration that will be derived from the sale of goods.
(b) Interest
interest income is recognized on a time proportion basis taking into
account the amount outstanding and the rate applicable
6. Fixed Assets
Fixed assets are carried at cost less accumulated depreciation. Cost of
fixed assets comprises its purchase price arid any attributable
expenditure (both direct and indirect) for bringing an asset to its
working condition for its intended use.
7. Depreciation and amortization
Depreciation on all assets has been provided on SLM basis in accordance
with and in the manner specified in Schedule -XIV of Companies Act,
1956.
8. Impairment of Assets
The carrying values of assets / cash generating units at each Balance
Sheet date are reviewed for i impairment. If any indication of
impairment exists, the recoverable amount of such assets is estimated
and impairment is recognized, if the carrying amount of these assets
exceeds their recoverable amount. The recoverable amount is the greater
of the net selling price and their value in use. Value in use is
arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor. When there is indication that
an impairment loss recognized for an asset in earlier accounting
periods no longer exists or may have decreased, such reversal of
impairment loss is recognized in the Statement of Profit and Loss,
except in case of revalued assets.
9. Inventories
Inventories are valued at cost or net realizable value, whichever is
lower. The cost in respect of the various items of inventory is
computed as under:
- In case of raw materials at FIFO plus direct expenses.
- In case of work in progress at raw material cost plus conversion
costs depending upon the stage of completion.
- In case of finished goods at raw material cost plus conversion costs,
packing cost and other overheads incurred to bring the goods to their
present location and condition.
10. Employee Benefits
(a) Short term employee benefits
Short term employee benefits are recognized as an expense at the
undiscounted amount in the Statement of Profit and Loss of the year in
which the related service is rendered.
(b) Post-employment benefits: Employee Provident Fund
The eligible employees of the Company are entitled to receive post
employment benefits in respect of provident fund, in which both the
employees and the Company make monthly contributions at a specified
percentage of the employees' eligible salary.
11. Borrowing costs "
Borrowing cost includes amortization of ancillary cost related to
borrowings and foreign exchange to the extent they regarded as
adjustment to interest cost. Borrowing costs that are attributable to
the acquisition or construction of qualifying assets are capitalized as
part of the cost of such assets till such time that the asset is ready
for its intended use or sale . A qualifying asset is one that
necessarily takes substantial period of time to get ready for the
intended use. Other borrowing costs are recognized as an expense in the
period in which they are incurred.
12. Earnings per share
Basic earnings per share is computed by dividing the net profit or loss
for the period attributable to equity shareholders by the number of
equity shares outstanding during the period.
13. Provisions and contingencies
A provision is recognized when the Company has a present obligation as
a result of past events and it is probable that an outflow of resources
will be required to settle the obligation in respect of which a
reliable estimate can be made. Provisions are not discounted to their
present value and are determined based on the best estimate required to
settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed unless the possibility
of an outflow of resources embodying the economic benefit is remote.
14. Taxation "
Tax expense comprises of current and deferred tax. Current tax is
measured at the amount expected to be paid in accordance with the
Income-tax Act, 1961. Deferred income taxes reflects the impact of
current year timing differences between taxable income and accounting
income for the year and reversal of timing differences of earlier
years. Deferred tax is measured based on the tax rate and tax laws
enacted or substantially enacted at the balance sheet date.
Mar 31, 2013
1 Corporate information
The company is engaged in Hi tech steer fabrication having its
manufacturing facility at plot No,216-218 Industrial area mandideep,
Dist. Raisen and Plot No.K-20-22, Industrial Area, Malanpur , Dist-
Bhind and plot No.69 Industrial area mandideep, Dist Raisen, M.P.
2.1 Basis of accounting and preparation of financial statements
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention . The accounting policies adopted in the preparation of
2.2 Use of estimates
The preparation of the financial statements requires the Management to
make estimates and assumptions considered in file reported amounts of
assets and liabilities (including contingent liabilities) and the
reported income and expenses during the year. The Management believes
that tire estimates used in preparation of the financial statements are
prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and tire
estimates are recognized in the periods in which the results are known
/ materialize.
2.3 Cash Flow Statement
Cash Flow statement has been prepared in accordance with tire indirect
method prescribed in Accounting standard 3 issued under the Companies
(Accounting Standards) Rules, 2006 and as required by the Securities
and Exchange Board of India,
2.4 Inventories
Inventories are valued at the lower of cost on FIFO and the net
realizable value after providing for obsolescence and other losses,
where considered necessary. Cost includes all charges in bringing the
goods to the point of sale, including octroi and other levies, transit
insurance and receiving
2.5 Cash and cash equivalents (for purposes of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash
equivalents are short-term balances
2.6 Depreciation and amortization
Depreciation on fixed assets has been provided has been provided on
Straight Line method (SLM) at the rates prescribed and in the manner
provided in schedule "XIV" of The Companies Act, 1956. No depreciation
has been charged on the assets sold during the year, if any.
2.7 Impairment of Assets
The carrying values of assess / cash generating units at each Balance
Sheet date are reviewed for impairment, if any indication of impairment
exists, the recoverable amount of such assets is estimated and
impairment is recognized, if the carrying amount of these assets
exceeds their recoverable amount. The recoverable amount is the greater
of the net selling price and their value in use. Value in use is
arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor. When there is indication that
an impairment loss recognized for an asset in earlier accounting
periods no longer exists or may have decreased, such reversal of
impairment loss is recognized in the Statement of Profit and Loss,
except in case of revalued assets.
2.8 Foreign Currency Transactions
(a) Transactions denominated in foreign currencies are recorded at the
exchange rate prevailing on the date of the transaction or that
approximates the actual rate at the date of the transaction.
(b) Monetary items denominated in foreign currencies at the yearend are
restated at the yearend rates. In case of items which are covered by
forward exchange contracts, the difference between the yearend rate and
rate on the date of the contract is recognized as exchange difference
and the premium paid on forward contracts is recognized over the life
of the contract.
(c) Any income or expenses on account of exchange difference either on
settlement or on translation is recognized in the Profit and Loss
account except in case of long term liabilities, where me
2.9 Sale of goods
Sales are recognized, net of returns and trade discounts, on transfer
of significant risks and rewards of ownership to the buyer, which
generally coincides with the delivery of goods to customers. Sales
include excise duty , sales tax and value added tax.
2.10 Other income
Other income includes interest received on Bank deposits and net off of
accounts written off during the year
2.11 Tangible fixed asset;;
Fixed assets are carried at cost less accumulated depreciation and
impairment losses, if any. The cost of fixed assets includes incidental
expenses incurred and depreciated over the remaining useful life of
such assets. Machinery spares which can be used only in connection with
an item of fixed asset and whose use is expected to be irregular are
capitalized and depreciated over the useful life of the principal item
of the relevant assets. Subsequent expenditure relating to fixed assets
is capitalized only if such expenditure results in an increase in the
future benefits from such asset beyond its previously assessed standard
of performance.
2.12 Employee benefits
Employee benefits include provident fund, superannuation fund, gratuity
fund, compensated absences, long service awards and post-employment
medical benefits.
2.13 Defined contribution plans
The Company's contribution to provident fund and superannuation fund
are considered as defined contribution plans and are charged as an
expense as they fall due based on the amount of contribution required
to be made,
2.14 Borrowing costs
Borrowing costs that are attributable to the acquisition or
construction of qualifying assets are capitalized as mart of the cost
of such assets, A qualifying asset is one that necessarily takes
substantial period of time to get ready for the intended use. All other
borrowing costs are charged to profit and loss account.
2.15 Earnings per share
Basic earnings per share basic and diluted is computed by dividing tire
profit / (loss) after tax by the weighted average number of equity
shares outstanding during the year.
2.16 Taxes on income
Current tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961.
2.17 Provisions and contingencies
A provision is recognized when the Company has a present obligation as
a result of past events and ii is probable that an outflow of resources
will be required to settle the obligation in respect of which a
reliable estimate can be made. Provisions are not discounted to their
present value and are determined based on the best estimate required to
settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed unless the possibility
of an outflow of resources embodying the economic benefit is remote.
Mar 31, 2012
A) BASIS OF PRESENTATION:
The accounts have been prepared using historical cost convention and on
the basis of a going concern with revenues recognized and expenses
accounted on accrual including for committed obligations. Insurance's
and other claims are accounted as and when admitted by the appropriate
authorities. Where changes in presentation are made, comparative
figures for the previous year are regrouped accordingly.
b) FIXED ASSETS:
i) Capitalized at acquisition cost including directly attributable
cost such as freight, insurance and specific installation charges for
bringing the assets to its working condition.
ii) Expenditure relating to existing fixed assets incurred subsequently
are added to the cost where they increase performance/life as assessed
earlier.
c) INVENTORIES:
Inventories are valued at lower of cost or net realizable value after
providing for obsolescence and damages.
i) In the case of raw material - At cost. The cost represents
purchase price and other costs incurred for bringing inventories up
their present location In the case of work in progress: At cost which
represents cost of raw material added to cost of conversation such as
direct labor, direct expenses and production overheads (proportionately
as to the stage of completion) which are specifically attributable to
the units of production.
ii) In the case of Finished Goods - At net realizable value.
iii) In the case of scrap - At net realizable value.
d) FOREIGN CURRENCY TRANSACTION:
Foreign Travel Expenses NIL
e) EXCISE DUTY:-
Excise duty liability accruing on manufacture is accounted for as and
when the liability for payment arises under die Central Excise and Salt
Act 1944. Duty on finished goods lying in the factory premises in the
bonded warehouse as on the last date of accounting year is not accrued.
f) SALES:-
Sales represents invoice value of goods (net) includes price variation
and excise duty and does not includes freight, sales tax and transit
insurance charges.
g) DEPRECIATION
Depreciation is provided on the fixed assets on straight line method at
the rates and in the manner specified in schedule XIV of companies act,
1956 as per circular no. 14/93 dated 20.12.1993 issued by Ministry of
Law and Department of Company Affairs and recommended by Institute of
Chartered Accountants of India contained in its guidance notes on the
"Accounting for Depreciation in Companies" and in the case where
aggregate actual cost of individual item of P&M costing Rs. 5000/- or
less constitutes more than 10% of the total actual cost of plant &
machinery, rates of depreciation applicable to such items is the same
as for general plant & machinery as per circular no. F/1/12/92-CLV
issued by ministry of law and department of company affairs.
h) CONTINGENCIES AND EVENTS OCCURING AFTER THE BALANCE SHEET:
Accounting for contingencies (gains & losses) arising out of
contractual obligations are made only on the basis of mutual
acceptances. Events occurring after the date of the Balance Sheet are
considered up to the date of the adoption of the accounts where
material.
Mar 31, 2011
1 Corporate information
The company is engaged in Hitech steel fabrication having its
manufacturing facility at plot No.216-218 Industrial area mandideep,
Dist.Raisen and Plot No,K-2Q-??, Industrial Area, Malanpur , Dist-
Bhind and plot No.69 Industrial area mandideep, Dist Raisen, M.P.
2.1 Basis of accounting and preparation Of financial statements
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Capacities Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention . The accounting policies adopted in the
2.2 Use of estimates
The preparation of the financial statements requires the Management to
make estimates and assumptions considered in the reported amounts of
assets and liabilities (including contingent liabilities) and the
reported income and expenses during the year. The Management believes
that the estimates used in preparation of the financial statements are
prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and the
estimates are recognized in the periods in which the results are known
/ materialize.
2.3 Inventories
Inventories are valued at the lower of cost on FIFO and the net
realizable value after providing for obsolescence and other losses,
where considered necessary. Cost includes all charges in bringing the
goods to the point of sale, including octopi and other levies, transit
insurance and receiving
2.4 Cash and cash equivalents (for purposes of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash
equivalents are short-term haleness
2.5 Depreciation and amortization
Depreciation on fixed assets has been provided has been provided on
Straight Line method (SLM) at the rates prescribed and in the manner
provided in schedule "XIV" of The Companies Act, 1956. No depreciation
has been charged on the assets sold during the year, if any.
2.6 Impairment of Assets
The carrying values of assets / cash generating units at each Balance
Sheet date arc reviewed for impairment. If any indication of impairment
exists, the recoverable auditor of such assets is estimated and
impairment is recognized, if the carrying amount of these assets
exceeds their recoverable amount. The recoverable amount is the greater
of the net selling price and their value in use. Value in use is
arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor. When there is indication that
an impairment loss recognized for an asset in earlier accounting
periods no longer exists or may have decreased, such reversal of
impairment loss is recognized in the Statement of Profit and Loss,
except in case of revalue lasses.
2.7 Foreign Currency Transactions
(a) Transactions denominated in foreign currencies are recorded at the
exchange rate prevailing on the date of the transaction or that
approximates tire actual rate at the date of the transaction.
(b) Monetary items denominated in foreign currencies at the yearend are
restated at the yearend rate? In raze of items which are covered by
forward exchange contracts, the difference between the yearend rate and
rate on the date of the contract is recognized as exchange difference
and the premium paid on forward contracts is recognized over the late
of the contract.
(c) Any income or expenses on account of exchange difference either on
settlement or on translation is recognized in the Profit and Loss
account except in case of long term liabilities, where they relate to
acquisition of fixed assets, in which rasp ropy are adjusted to the
carrying cost of such assets.
2.8 Sale of goods
Sales are recognized, net of returns and trade discounts, on transfer
of significant risks and rewards of ownership to the buyer, which
generally coincides with the delivery of goods to customers. Sales
include excise duty, sales tax and value added tax.
2.9 Other income
Oder income includes inters received on Bank deposes .
2.10 Tangible fixed assets
Fixed assets are carried if cost less accumulated depreciation and
impairment losses, if any. The cost of fixed assets includes incidental
expenses incurred and depreciated over the remaining useful life of
such assets. Machinery spares which can be used only in connection with
an item of fixed asset and whose use is expected to be irregular are
capitalized and depreciated over the useful life of the principal item
of tilt relevant assets. Subsequent expenditure relating to fixed
assets is capitalized only if such expenditure results m an increase in
the future benefits from such asset beyond its previously assessed
standard of performance.
2.11 employees benefits
Employee benefits include provident fund, superannuation fund, gratuity
fund, compensated absences, long service awards and post-employment
medical benefits.
2.12 Defined contribution plans
The Company's contribution to provident fund and superannuation fund
are considered as defined contribution plans and are charged as an
expense as they fall Hue based on the amount of contribution required
to be made,
2.13 Borrowing costs
Borrowing costs that are attributable to the acquisition or
construction of qualifying assets are capitalized as part of the cost
of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for the intended use. All other
borrowing costs are charged
2.14 Earnings per share
Basic earnings per share basic and diluted is computer! by dividing the
profit / (loss) after tax by the weighted average number of equity
shares outstanding during the year.
2.15 Taxes on income
Oin-pnt tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961.
2.17 Provisions and contingencies
A provision is recognized when the Company has a present Obligation as
a result of past events and it is probable that an outflow of resources
will be required to settle the obligation in respect of which a
reliable estimate can be made. Provisions are not discounted to their
present value and are determined based on the best estimate required to
settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed unless the possibility
of an outflow of resources embodying the economic benefit is remote.
Contingent liabilities provided for in respect of letter of
credits/bank guarantees FDRs: a Bank guarantee outstanding: Rs.
3,93,45500.00
Estimated amounts of contracts remaining to be executed on capital
account and nut provided fur (net advances) Nil Letter of Credit
outstanding: Rs. Nil (Previous year Nil)