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Moneycontrol.com India | Notes to Account > Metals - Non Ferrous > Notes to Account from Gujarat Intrux - BSE: 517372, NSE: N.A
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Gujarat Intrux
BSE: 517372|ISIN: INE877E01015|SECTOR: Metals - Non Ferrous
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« Mar 11
Notes to Accounts Year End : Mar '12
1. Previous Year''s Figures
 
 Previous Year''s Figures have been regrouped, rearranged and
 reclassified whenever necessary to make them confirm to this year''s
 classification.
 
 2.  Company''s Act Requirement Under Section 217(2A)
 
 Expenditure incurred for employee as specified in Section 217(2A) of
 the Companies Act, 1956 read with the Companies (Particulars of
 Employees) Rules, 1975 is NIL.
 
 3.  Provisions
 
 Company has made all necessary provisions and the amounts are
 reasonably adequate.
 
 4.  Current Assets, Loans & Advances
 
 In the opinion of the Board the Value on realization of Current Assets.
 Loans & Advances if realized in the ordinary course of the business
 shall not be less than the amount, which is stated, in the current
 year''s Balance Sheet, the provision for all known liabilities is
 adequate and not in excess of the amount considered reasonably
 necessary.
 
 5.  Amount Due to Micro, Small & Medium Scale Enterprises Unit
 
 There are no Micro, Small & Medium Scale Enterprise, to whom the
 Company owes dues, which are outstanding for more than 45 days at March
 31, 2012. This information is required to be disclosed under the Micro,
 small and Medium Enterprise Developments Act, 2006 has been determined
 to the extent such parties have been identified on the basis of
 information available with the Company.
 
 6.  Contingent Liabilities
 
 In the Opinion of the Board Contingent Liability is NIL.
 
 7.  Employee Benefits
 
 i) The Company has recognized the following amounts in the Profit &
 Loss Account towards contributions to Provident Fund :
 
 Contribution towards Provident Fund : Rs. 573,173/-
 
 ii) The Gratuity Benefits have been valued in accordance with the rules
 of Gratuity framed by the company.  Defined Benefit Obligation-Gratuity
 Benefit as per revised Accounting Standards 15.
 
 d) Changes in the fair value of plan assets representing reconciliation
 of the opening and closing balances thereof are as follows:
 
 As the company has no funded plan so Opening and Closing fair value in
 plan assets and changes in thereof is NIL.
 
 e) The major categories of plan assets as a percentage of total plan
 assets are as follows:
 
 The company has no funded plan.
 
 The estimates of future salary increase, considered in actuarial
 valuation, take account of inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 The above information is as certified by the actuary and relied upon
 the auditors.
 
 8. Segmental Information:
 
 The Company has only one segment as its total investment is in Sand
 Castings only.
Source : Dion Global Solutions Limited
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