Dhampur Sugar Mills

1. CONTINGENT LIABILITIES : NOT PROVIDED FOR IN RESPECT OF
 
                                                     (Rs. in Crore)
 
 Claims/Disputed Liabilities not 
 acknowledged as debt:               As at 30.09.2008 As at 30.09.2007
 
 A. In respect of some pending 
    cases of                               Amount not     Amount not
    employees under labour laws 
                                         ascertainable ascertainable
 
 B. Uncalled liability on investments 
    in partly paid-up shares                    2.32         3.25
 
 
 2 Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs. 3.76 crore (Rs. 24.51 crore).
 
 3 The Company has accounted for cane purchases for the sugar season
 2007-08 at Rs. 110 per quintal, which was paid based on the Interim
 Order of the Honble Supreme Court as against the price of Rs. 125 per
 quintal fixed by the Uttar Pradesh State Government. The necessary
 adjustments will be made in accordance with the final decision in the
 matter.
 
 4 The accounts have been prepared without accounting for any incentive
 entitlements under U.P. Sugar Incentive Promotion Policy, 2004 as the
 scheme has been subsequently cancelled by the State Government. The
 Company has filed writ petition before Honble Allahabad High Court
 (Lucknow Bench) for enforcement of scheme and settlement of incentive
 claims. As per the erstwhile incentive policy, The Company is eligible
 for capital subsidy of Rs. 89.89 crore i.e. @10% of the investments
 made (already vetted Rs. 50.80 crore) and for reimbursement of taxes
 and other charges aggregating to Rs. 21.19 crore upto 30th September,
 2008 (including Rs. 8.34 crore for the year).
 
 5 Following are the relevant disclosures as required under the Micro,
 Small and Medium Enterprises Development Act, 2006:
 
 (a) Sundry creditors include a sum aggregating Rs. 3.11 crore (Rs. 4.81
 crore) due to Micro and Small Enterprises is on account of principal
 only.
 
 (b) The amount of interest paid by the Company in terms of section 16,
 along with the amount of payments made to the Micro and Small
 Enterprises beyond the appointed date during the year - Rs. nil.
 
 (c) The amount of interest due and payable for the period of delay in
 making payment which have been paid but beyond the appointed day during
 the year but without adding the interest specified under this act. -
 Rs. nil.
 
 (d) The amount of interest accrued and remaining unpaid - Rs. nil.
 
 (e) The amount of further interest remaining due and payable even in
 succeeding years - Rs. nil.
 
 The above mentioned outstandings are in normal course of business and
 the information regarding Micro and Small Enterprises have been
 determined to the extent such parties have been identified on the basis
 of information available with the Company.
 
 6 Previous year figures in bracket have been regrouped wherever
 necessary, to render them comparable.