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Moneycontrol.com India | Notes to Account > Castings & Forgings > Notes to Account from Hilton Metal Forging - BSE: 532847, NSE: HILTON
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Hilton Metal Forging
BSE: 532847|NSE: HILTON|ISIN: INE788H01017|SECTOR: Castings & Forgings
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« Mar 10
Notes to Accounts Year End : Mar '11
                                                  Amount Rs in Lacs
   
      Description                  31st March 2011   31stMarch 2010
                                            Amount           Amount 
 
 1    Contingent Liability Not 
      Provided For
 
      1.  Bank Guarantee Issued             213.76           124.82
 
      2.  Materials Cleared- 
          UT-landCT-1                       141.95             0.00
 
 2 The company is covered under the provisions of Minimum Alternative
 Tax (MAT) and has provided income tax in the books as per section 115JB
 of the Income Tax Act, 1961.
 
 3.  The company has duly complied with the Accounting Standards
 referred in sub-section 3(c) of section 211 of the Companies Act 1956.
 
 4.  Fixed Assets:
 
 The plot No 21, 25,26, 28,29 and 30 situated at wada, are still
 standing in the name of one of the director Mr Yuvraj Malhotra for want
 of mutation process to be completed for revenue records. Necessary
 steps are being taken to get the same mutated in the name of the
 company.
 
 5.  Current Assets:
 
 In the Opinion of the Board of Directors of the Company, all items of
 the current assets including Loans and Advances continue to have a
 realizable value of at least the amount at which they are stated on the
 Balance Sheet.
Source : Dion Global Solutions Limited
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