-0.15 (-3.3%)| Notes to Accounts | Year End : Mar '11 |
1. Contingent liabilities not provided for (Rs. in Thousands)
2010-11 2009-10
Nil Nil
2. Estimated amount of contracts remained to be executed on capital
account - NIL
3. a) The information regarding small scale industrial undertakings
has been determined to the extent that such parties have been
identified on the basis of information available with the company. This
has been relied upon by the Auditors b) The company has not received
any intimation from the supplier regarding their status under the
Micro, Small and Medium Enterprises Development Act, 2006 and hence
disclosures if any relating to amounts unpaid as at the year end
together with the interest paid/ payable as required under the said Act
have not been given.
4. In the opinion of management current assets, loans & advances have
a value on realisation which is atleast equal to their value stated in
Balance Sheet.Provision for depreciation & all known liabilities are
adequate and not in excess of the amount reasonably necessary.
5. The accounts of certain sundry debtors, sundry creditors, advances
and lenders are subject to confirmation/ reconciliation and
adjustments, if any. The management does not expect any material
difference affecting the current year''s financial statements.
6. Accounting Standard 18 : Related party disclosure
List of related parties with whom transactions have taken place during
the year :
1. Associate :Basant Seeds,Ashwin & Co.
2. Key managerial personnel : Shri S. C. Bhartia - Chairman & Managing
Director
Shri D. C. Bhartia - Managing Director Shri A. N. Bhartia - Executive
Director
3. Relatives of key managerial : Shri N. C. Bhartia, Smt.S. S.
Bhartia, Shri A.D. Bhartia, personnel Shri A. N. Bhartia, Smt. T. C.
Bhartia, Smt. V. N. Bhartia, Smt. N. D. Bhartia, |
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| Source : Dion Global Solutions Limited | |
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