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Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from Charms Industries - BSE: 531327, NSE: N.A
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Charms Industries
BSE: 531327|ISIN: INE442C01012|SECTOR: Finance - Investments
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« Mar 11
Notes to Accounts Year End : Mar '12
FOR THE YEAR ENDED
 
                              31-3-2012    31-3-2011
                                    Rs.          Rs.
 
 (1)  Contingent Liabilities        Nil          Nil
 
 (2) Estimated amounts of 
 contracts remaining to be 
 executed and not provided for      Nil          Nil
 
 (3) C.I.F. Value of Imports        Nil          Nil
 
 (4) F.O.B. Value of Exports        Nil          Nil
 
 (5) Expenditure in Foreign 
 Currency                           Nil          Nil
 
 (6) LOANS & ADVANCES:- In earlier years, when a sum of Rs.
 1,94,17,153/- was written off being treated as bad of recovery, the
 balance amount of Rs. 21,15,000/- was treated as good of recovery. Out
 of the said amount as on 31-3- 2012, a sum of Rs. 16,66,674/- is
 outstanding. The management is hopeful for its recovery and necessary
 regular follow up has been done during the year and the management is
 in process to recover the same.  Under the circumstances, all such sums
 have been treated as good for recovery. Further, during the year, the
 surplus funds of Rs. 3,50,000/- has been advanced to some other
 parties. The management is in process to recover the interest on the
 same as well as loan amount.
 
 (7) As the company has no manufacturing activity, additional
 information pursuant to the provisions of paragraph 3 4C of the
 Companies Act, 1956 are not applicable this year.
 
 (8) Previous year''s figure have been regrouped or rearranged to make
 them comparable with the figures of current year.
 
 (9) In the option of Board of Directors, the current assets, loans &
 advances are approximately of the value stated, if realised, in the
 ordinary course of business.
 
 (10) The Provident Fund and Gratuity Act are not applicable to the
 company during the year under review.
Source : Dion Global Solutions Limited
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