1. Balance Sheet
Liability provided for but contested in appeal - ESI Contribution
Rs.19.16 Lakhs (Previous year Rs.19.16 lakhs).
i) Segment Reporting:
The company operates only in one business segment, viz. Sale and
Distribution of Automotive spares.
ii) Related Party Disclosures 1. Related parties:
T V Sundram Iyengar & Sons Ltd.,
b. Key Management Personnel:
Sri. N. Krishnan, Managing Director.
iii) There are no dues to micro enterprises and small enterprises in
terms of section 16 of the Micro, Small & Medium Enterprises
Development Act, 2006, based on the information available with the
vi) Contingent Liability not provided for
- Tax Liability under dispute at various forums of appeal
- paid in earlier years 274.82 274.82
vii) The revised schedule VI is effective from the financial year
commencing on or after 1st April 2011, and accordingly the Balance
Sheet and Profit and Loss Statement for the year ended 31st March 2012
comply with the requirements.
viii) Previous year''s figures have been re-grouped wherever
necessary, to make them comparable.
a. Terms / Rights attached to equity shares
The Company has only one class of shares - equity having a par value of
Rs.10/- per share.
The Company declares and pays dividend in Indian Rupees. Interim
Dividend is declared and paid as recommended by the Board of Directors.
Final Dividend is subject to the approval of the shareholders in the
Annual General Meeting.
The Board of Directors, in May 2012 declared and paid an interim
dividend of Rs.19 /- (190%) per equity share for the year ended 31st
March, 2012, amounting to Rs. 918.58 Lakhs including Dividend
Distribution Tax amounting to Rs.128.22 Lakhs.