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Moneycontrol.com India | Notes to Account > Auto Ancillaries > Notes to Account from Automotive Axles - BSE: 505010, NSE: AUTOAXLES
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Automotive Axles
BSE: 505010|NSE: AUTOAXLES|ISIN: INE449A01011|SECTOR: Auto Ancillaries
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« Sep 10
Notes to Accounts Year End : Sep '11
I Other Employee Benefits:
 
 Compensated Leave absences benefit expensed in the profit and loss
 account for the year is Rs. 10,974,826/- (Previous Year Rs. 19,218,360/-).
 Liability carried in the Balance Sheet at the year end is Rs.
 23,522,184/- (Previous Year Rs. 18,794,463/-)
 
 1.  Estimated amount of contracts remaining to be executed on capital
 account, net of advances and not provided for, Rs. 141,607,930/-
 (Previous year- Rs. 58,792,300/-).
 
 2.  Contingent Liability
 
 a) Company has certain labour disputes which are pending adjudication.
 The liability that may arise on account of these disputes cannot be
 reasonably estimated but is not expected to be material.
 
 b) Other claims against the Company not acknowledged as debt for Rs. Nil
 (Previous year Rs. Nil).
 
 3.  The information as required to be disclosed under The Micro, Small
 and Medium Enterprises Development Act, 2006 and that given in Current
 Liabilities – Schedule 10 regarding Micro and Small enterprises
 determined to the extent such parties have been identified on the basis
 of the information available with the Company. This has been relied
 upon by the auditors.
 
 4.  Foreign Exchange Exposure
 
 i.  The Company has entered into the following hedging mechanism:
 
 5.  Previous year''s figures have been regrouped/reclassified wherever
 necessary.
Source : Dion Global Solutions Limited
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