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Moneycontrol.com India | Notes to Account > Textiles - Composite Mills > Notes to Account from Bengal Tea and Fabrics - BSE: 532230, NSE: N.A
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Bengal Tea and Fabrics
BSE: 532230|ISIN: INE665D01016|SECTOR: Textiles - Composite Mills
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« Mar 11
Notes to Accounts Year End : Mar '12
Figures for the      Figures for the
 
                               Current Year         Previous Year
 
 (B) Contingent Liabilities 
     not provided for :
 
 (a) Claims against the 
     Company not acknowledged 
     as debts                       16                  23
 
 (b) Bills Discounted              270                  53
 
 (c) Guarantees given by 
    Company''s Banker               212                 177
 
 (d) Disputed Sales Tax 
     Demands including 
     interest and penalty
     under appeal                    15                  15
 
 (e) Disputed Service Tax / Excise Matters 2  It is not practicable for
 the Company to estimate the timings of cash outflows, if any, in
 respect of the above pending resolutions of the respective proceedings.
 
 i. The estimates of future salary increases considered in actuarial
 valuation takes into account inflation, seniority, promotion and other
 relevant factors.
 
 a) Amount recognized as an expense in respect of Compensated Leave
 Absences is Rs.13 Lacs (Previous Year Rs.18 Lacs)
 
 b) Short Term payment of Leave Encashment amounting to Rs.9 Lacs
 (Previous year Rs.10 Lacs) is charged to Employee Benefits Expense.
 
 (A)The financial statements for the year ended March 31,2012 have been
 prepared as per the Notification on Revised Schedule
 
 ii. under the Companies Act, 1956 and accordingly, the previous year
 figures have also been reclassified/regrouped to conform to this year''s
 classification.
Source : Dion Global Solutions Limited
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