a) i) No Provision has been made towards provident fund contribution
and other retirement benefits for employees (amount unquantifiable).
ii) The Company has not calculated the effect on account of deferred
taxation and the same is not ascertainable due to lack of certainty of
iii) The Company has not ascertained the effect of Impairment of Assets
as per Accounting Standard (AS) 28 ''Impairment of assets.
b) i) During the year the Company has settled the amount payable to
IDBI Bank under One Time Settlement (OTS) Scheme.
ii) No Provision has been made towards interest on Income Tax Payable
(amount undetermined as no confirmation letters received from the
ii) No Provision has been made towards over due charges on hire
purchase loan from Model Finance Corporation Limited (amount
undetermined as no confirmation letter received from the party) and the
case Is pending before the Metropolitan Magistrate, Nampally,
c) Contingent Liabilities not provided in respect of:
Claims against the company not acknowledged as debts: Custom Duty was
Rs. 41, 73 , 499 / - which is pending before the Commissioner of
Customs, Excise and Service Tax (Appeals), Visakhapatnam,
d) Expenditure on employees in respect of remuneration of not less than
Rs.24,00,000/- per annum, if employed throughout the year or
Rs.2,00,000/- per month, if employed for part of the year is NIL.
e) Managerial Remuneration : NIL
f) The company has not received any information from any of the
suppliers of their being Small Scale Industrial Unit. Hence, the
amounts due to Small Scale Industrial Units outstanding as on 30th
September, 2008 are not ascertainable.
g) The balances of Sundry Creditors, advances and current accounts are
subject to confirmation from the respective parties.
h) Previous year figures have been regrouped wherever necessary.
i) Paisa have been rounded off to the nearest rupee,
j) Earnings / (Loss) per Share:
Basic & Diluted:
The Company reports basic and diluted Earnings / (Loss) per Share in
accordance with AS-20 ''Earnings per Share''. The Basic & Diluted
Earnings / (Loss) per Share has been calculated by dividing the
Earnings / (Loss) by the weighted average number of equity shares and
weighted average potentially dilutive equity shares outstanding during
the accounting period.
b) Net Earnings / (Loss) after tax available for equity shareholders
Rs. 2,09,68,185 /-
c) Basic/diluted Earning / (Loss) (in Rupees) per share of Rs.10 each
k) The Company''s main business is Manufacture of Fine Chemicals and all
the other activities of the Company revolve around the main business
and as such there is no separate reportable segments as per the
Accounting Standard (AS-17) Segment reporting.