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Moneycontrol.com India | Notes to Account > Electric Equipment > Notes to Account from Accurate Transformers Ltd - BSE: 530513, NSE: N.A
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Accurate Transformers Ltd
BSE: 530513|ISIN: INE243C01014|SECTOR: Electric Equipment
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« Mar 09
Notes to Accounts Year End : Mar '10
Others
 
 1 Contingent liabilities not provided for in respect of Bank Guarantee
 Rs. 5999.63 lacs (Rs. 5949.94 lacs P.Y.), Letter of credit Rs. 2448.25
 lacs (Rs. 1835.80 lacs P.Y.) re- spectively.
 
 2 Accounting of Raw Material consumption is net of Modvat credit
 utilized during the year Rs. 231.03 Lacs (Previous year Rs. 517.72
 Lacs) Claim and Refunds, if any, shall be accounted for in the year of
 determination.
 
 3 The closing stock is accepted as taken, valued and certified by the
 management.
 
 4 (i) Balance in the personal accounts, Debtors, Loans and Advances,
 other Current Assets, Creditors and other liabilities are subject to
 confirmation from the respective parties.
 
 (ii) The company has not received any information from the suppliers
 regarding their status under the micro, small and medium enterprises
 development act, 2006 & hence disclosures, if any, relating to the
 amounts as at year end together with interest paid / payable as
 required under the said Act have not given.
 
 (iii) As per Section 205 A of the Companies Act, 1956 Rs. 6.51 Lacs
 pertaining to unclaimed divided & unclaimed share application money due
 and outstanding (upto FY 1998-1999) to be credited to invester
 education and protection fund.
 
 5 Disclosure in respect of Related Parties Pursuant to Accounting
 Standard 18 (A) List of Related Parties
 
 I.  Parties where control exists - NIL
 
 (ii) Key Management Personnel and enterprises having common key
 Management Personnel of their relatives : Key Management Personnel :
 Shri C.L. Sharma
 
 Shri M.K. Basak (Upto 30-09-2009) Shri Deepak Sharma Shri K.L. Chauhan
 Shri Bhupal Singh Dr. O. P. Sharma
 
 6 Figures of previous Year have been re-grouped/re-ciassified
 re-arranged wherever necessary, and figures are rounded off to nearest
 rupee.
Source : Dion Global Solutions Limited
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