1. ''The Previous Years'' figures have been regrouped/restated, whenever
necessary, to make them comparable with the current year figures.
2. In the absence of information as regards to the
status/classification of the relevant enterprises into Micro, Small and
Medium Enterprises, information as required under Notification No.
G.S.R. 719(E) dated 16.11.2007 issued by the Department of the Company
Affairs in respect of the total amount payable and amount of interest
thereon paid during the year and payable at the end of the year to the
Sundry Creditors, could not be disclosed.
3. Balances with Sundry Creditors, Debtors, Loans and Advances and
Deposits are subject to confirmation & reconciliation.
4. INTER CORPORATE DEPOSIT: Company has given Rs7,43,27,907/- ( Rs.
Seven Crores Forty Three Lacs Twenty Seven Thousand Nine Hundred Seven
Only) as inter corporate deposit for the year ended 30th June, 2011 to
some Company. The terms & conditions are not against the interest of
the Company.
5. CONTINGENT LIABILITIES:
Sr.
No. Description 2010-2011 2009-2010
1. Bank Guarantee 1,50,00,000.00 NIL
TOTAL 1,50,00,000.00 NIL
6. In accordance with Accounting Standard 22 Accounting for Taxes of
Income issued by the Chartered Accountants of India which became
mandatory from 01.04.2002, the Deferred Tax Liability (net) for earlier
years till 30.06.2010 amounting to Rs. 32,43,755/- has been recognized.
The Deferred Ta x Liability (net) of the current year amounting to Rs.
28,62,831/- has been recognized in the Profit and Loss account.
7. As per Accounting Standards (AS-18) on related party disclosures
issued by the Institute of Chartered Accountants of India,
8. FOREIGN EXCHANGE EARNING AND OUTGO:
a) Earnings: The Realisation value of exports of the company during the
period ended as on 30/06/2011 aggregated to Rs. 801.82/- Lacs.
This is Direct Exports and does not include sales through Merchant
Exports.
b) Outgo: The Realisation value of Import of the company during the
period ended 30.06.2011 aggregated to Rs. 8.73 Lacs. |