Mar 31, 2011
1. Contingent liabilities not provided for:
a) Estimated amount of contracts remaining to be executed on capital
account (net of advances ) Rs. .1,16,75,000/- (Previous Year Rs.
1,56,37,000/-)
b) Gujarat Water Supply and Sewerage Board has demanded water charges
at enhanced rate w.e.f. 01.01.1988. The liability for such claims
comes to Rs, 4.34 lacs for which no provision is made. The company has
filed suitable replies to the concerned authorities. (Previous year Rs.
4.34 Lacs)
2. There are no micro, small and medium enterprises to whom the
Company owes dues which are outstanding for more than 45 days at the
balance sheet date. The said details have been determined to the extent
such parties have been identified on the basis of information available
with the company.
3. The Balances of Sundry Debtors and Sunday Creditors and some other
debit and credit balances are subject-to their confirmation.
4. The Company has not paid any remuneration to its Directors
including sitting fees, hence, provisions of the Companies Act, 1956
pertaining to Managerial Remuneration is not applicable.
5. Previous year's figures have been regrouped / rearranged wherever
consider necessary, to make them comparable.
6. Schedule A to Q Form integral part of Balance Sheet and Profit
and Loss Account and have been duly authenticated as such.
7. Additional information as required under paragraph 3 and 4 of part
II of schedule VI of the companies Act, 1956 are as follows
Mar 31, 2010
1. Contingent liabilities not provided for :
a) Estimated amount of contracts remaining to be executed on capital
account (net of advances)
Rs. 1,56,37,000/- (Previous Year Rs. 6,15,53,376/-)
b) Service Tax Refund Claim of Rs.49,34,874/- lodged by the company
with the appropriate authority but till date no refund is sanctioned by
the authority.
c) Gujarat Water Supply and Sewerage Board has demanded water Charges
at enhanced rate w.e.f. 01.01.1988. The liability for such claims
comes to Rs. 4.34 lacs for which no provision is made. The company has
filed suitable replies to the concerned authorities. (Previous year Rs.
4.34 Lacs)
d) The company has undertaken export obligation of Rs. Nil (Previous
year Rs. 14.14 Crores) to export goods against the issuance of Import
Licence for the Import of capital goods. Out of this, export obligation
of Rs. 7.99 Crores ( Previous year Rs. 6.15 Crores ) have already been
fulfilled up to 31 March, 2010.
Note :
1, Geographical segment considered for disclosure as follows :
Revenue within India includes sales to customers located within India
Revenue outside India includes sales to customers located outside India
2. There are no micro, small and medium enterprises to whom the
company owes dues which are outstanding for more than 45 days at the
balance sheet date. The said details, have been determined to the
extent such parties have been identified on the basis of information
available with the company.
3. The Balances of Sundry Debtors and Sundry Creditors and some other
Debit and credit balance are subject to their confirmation.
4. The Company has not paid any remuneration to its Directors
Including sitting fees hence provisions of the Companies Act, 1956
pertaining to Managerial Remuneration is not applicable.
5. Previous year's figures have been regrouped / rearranged wherever
consider necessary, to make them comparable.
6. Schedule 1 to 17 From integral part of Balance Sheet and Profit
and Loss Account and have been duly authenticated as such.
7. Additional information as required under paragraph 3 and 4 of part
- II of schedule VI of the companies Act, 1956 are as follows.