Mar 31, 2014
1 CONTINGENT LIABILITIES AND COMMITMENTS:
1.1 CONTINGENT LIABILITES
Claims against the company not acknowledged as debts Nil Nil
1.2 COMMITMENTS:
a. Estimated amount of Contracts remaining to
be executed on capital account not provided for Nil Nil
b. Other commitments Nil Nil
2 EMPLOYEE BENEFITS OBLIGATIONS
2.1 Defined Contribution Plans :
The benefits of the defined contribution plan in the form of provident
fund is not applicable to , the company
2.2 Defined Benefit Plans :
The net value of the defined benefit commitment is detailed below:
The company has not created any fund into which contributions are made.
Hence furnishing of information on Return on Plan Assets does not arise
Actuarial Calculations used to Estimate defined benefit commitments and
expenses are based on the following assumptions, which if charged,
would affect the defined benefit commitment''s size.
3. Other information pursuant to paragraph 4C and 4D of part II
Schedule VI to the Companies Act, 1956 is not applicable to the
Company.
4. INFORMATION IN RESPECT OF OPENING STOCK, PURCHASES, SALES AND
CLOSING STOCK OF SHARES TRADED IN :
Mar 31, 2012
1. CONTINGENT LIABILITIES AND COMMITMENTS:
1.1 CONTINGENT LIABILITES
Claims against the company not
acknowledged as debts Nil Nil
2.2 COMMITMENTS:
a. Estimated amount of Contracts
remaining to be executed on capital
account not provided for Nil Nil
b. Other commitments Nil Nil
21 EMPLOYEE BENEFITS OBLIGATIONS
3.1 Defined Contribution Plans :
The benefits of the defined contribution plan in the form of provident
fund is not applicable to the company
4.2 Defined Benefit Plans :
The company offers its employees defined benefit plans in the form of
gratuity ( a lump sum amount). Benefits under the defined benefit plans
are based on the years of service and the employees last drawn salary
immediately before exit. The gratuity scheme covers substantially all
regular employees. However the company has not created any fund in
accordance with the scheme, commitments are actuarially determined at
the year end. on adoption of the revised Accounting Standards (AS 15) on
"Employees Benefits" notified under the companies (Accounting standards)
Rules, 2006, actuarial valuation is done based on "Project Unit Credit
Method". Gains and Loss of changed actuarial assumptions are charged to
Profit & Loss Account. The obligation for leave Encashment benefits is
not recognized
2. Figures for the Previous period have been regrouped/ rearranged
wherever necessary.
Mar 31, 2011
1. Contingent Liabilities. : Nil
2. Other information pursuant to paragraph 4C and 4D of part II
Schedule VI to the Companies Act, 1956 is not applicable to the
Company.
3. Employee benefits Obligations:
(i) Defined contribution plans:
The benefits of the defined contribution plan in the form of provident
fund is not applicable to the company.
(ii) Defined Benefit Plans:
The company offers its employees defined benefit plans in the form of
gratuity (a lump sum amount). Benefits under the defined benefit plans
are based on years of service and the employees last drawn salary
immediately before exit. The gratuity scheme covers substantially all
regular employees. However the company has not created any fund in
accordance with the scheme. Commitments are actuarially determined at
year end. On adoption of the revised
Accounting
Standard (AS 15) on "Employee Benefits" notified under the Companies
(Accounting Standards) Rules, 2006, actuarial valuation is done based
on "Projected Unit Credit Method". Gains and loss of changed actuarial
assumptions are charged to Profit & Loss Account. The obligation for
leave Encashment benefits is not recognized.
The Institute of Chartered Accountants of India, in May 2007 released
its Guidance on the implementation of the Revised Accounting Standard
on 'Employee Benefits" (AS 15 Revised 2005). The present value of the
obligation, Actuarial assumptions and its charge to the Profit & Loss
Account and has been adopted by the company in the financial year
2010-11.
4. Figures for the previous period have been regrouped / rearranged
wherever necessary.
5. Figures have been rounded off to the nearest rupee.
Mar 31, 2010
1. Contingent Liabilities. : Nil
2. Other information pursuant to paragraph 4C and 4D of part II
Schedule VI to the Companies Act. 1956 is not applicable to the
Company.
3. Employee benefits Obligations:
(i) Defined contribution plans:
The benefits of the defined contribution plan in the form of provident
fund is not applicable to the company
(ii) Defined Benefit Plans:
The company offers its employees defined benefit plans in the form of
gratuity (a lump sum amount). Benefits under the defined benefit plans
are based on years of service and the employees last drawn salary
immediately before exit. The gratuity scheme covers substantially all
regular employees. However the company has not created any fund in
accordance with the scheme. Commitments are actuarially determined at
year end. On adoption of the revised Accounting
Standard (AS 15) on "Employee Benefits" notified under the Companies
(Accounting Standards) Rules, 2006. actuarial valuation is done based
on "Projected Unit Credit Method". Gains and loss of changed actuarial
assumptions are charged to Profit & Loss Account. The obligation for
leave Encashment benefits is not recognized.
The Institute of Chartered Accountants of India, in May 2007 released
its Guidance on the implementation of the Revised Accounting Standard
on Employee Benefits" (AS 15 Revised 2005) The present value of the
obligation. Acturial assumptions and its charge to the Profit & Loss
Account and has been adopted by the company in the financial year
2009-10.
4. Figures for the previous period have been regrouped / rearranged
wherever necessary.
5. Figures have been rounded off to the nearest rupee.
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