1. Surplus / (Deficit) on account of exchange difference on
outstanding forward exchange contracts to be recognised in profit and
loss account of subsequent accounting period aggregate to Rs. 4.83
crore (For F.Y. 2011-12 it was Rs 7.74 crore).
2. Derivatives Instrument:
a) Derivative contracts entered into by the Company and outstanding as
on 31st March, 2013. i) For hedging currency related risk:
Forward / option contracts (net) for purchase entered into by the
company and outstanding as on 31st March, 2013 amount to Rs. 1,154.41
crore (for F.Y.2011-12 forward / option contracts (net) for Sales was
Rs. 2,321.73 crore).
ii) For Hedging commodity related risk:
Forward contracts for Gold entered into by the company and outstanding
as on 31st March, 2013 covers 82 Kgs. (For F.Y.2011-2012 it was 82
b) Foreign currency exposure that is not hedged by the derivative
instruments as on 31st March, 2013, amount to Rs. Nil. (For
F.Y.2011-12 it was Rs. NIL).
3. The details of amounts outstanding to Micro, Small and Medium
Enterprises under the Micro, Small and Medium Enterprises Development
Act, 2006 (MSMED Act), based on the information available with the
Company are as under:
4. The Company has given guarantee of Rs. 138.78 crore (previous year
Rs. 132.31 crore) to Banks for facilities availed by its subsidiary
companies. The company has disputed income tax liability of Rs. 36.39
crore (previous year Nil) and disputed service tax liability of Rs.
4.46 crore (previous year Nil).
5. The figures of previous year have been regrouped / reclassified
wherever necessary and possible so as to confirm with the figures of
the current year.