1 Consequent to the take over of company''s assets by IFCI Ltd under
SARFAESI Act, 2002 in November 2008 and final settlement of the loan
liability thereon, cessation of principal portion of Rs.3,20,79,500/-
was transferred to Capital Reserve as shown under ''Reserves and
2 a) The balances appearing under the head Sundry Creditors, Loans and
Advances are subject to confirmation.
b ) All Bank balances amounting to Rs.2,40,025/- are subject to
3 The accounts pertaining to share allotment and refund accounts
relating to issue of shares to public have not been reconciled since
1991 - 92.
4 Contingent Liability
Contingent Liabilities not provided for - Rs.Nil. (previous year - Nil)
5 Entire amount outstanding in Federal Bank Cash Credit Account and
unsecured loan from
KSIDC Ltd have fallen due for repayment since the financial
institutions and banks have recalled the loans.
6 Share Application money received in the year 1996 - 97 is still
pending for allotment.
7 Provisions have not been made in the accounts for interest amounting
to Rs. 6015842/- and Rs. 2503276/- on Cash Credit Account from the
Federal Bank Ltd and Unsecured Loan from KSIDC Ltd respectively.
8 The filing fee of Rs. 60,000/- payable to the Registrar of Companies
consequent to the enhancement of Authorized Share Capital in 1997 - 98
has not been remitted for which provision has been made in the
accounts. However, the increase of filing fee vide notification No.
F1/15/91-CL V w.e.f 01 - 05 - 2000 of Govt. of India, Ministry of
Finance (Dept. of Company Affairs) amounting to Rs.40,000/- in respect
of the above enhancement for authorized capital has not been provided
9 The Company was engaged in manufacturing of Intravenous Fluid on job
work basis and the activity primarily falls with in a single business.
Presently, the Company is not running any business operations. Hence,
there are no additional disclosures to be provided under Accounting
Standard (AS) 17 in. respect of Segment Reporting
Previous years figures have been regrouped, rearranged and reclassified
10 wherever necessary. All the figures have been rounded off to the