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India Motor Parts and Accessories
BSE: 590065|NSE: IMPAL|ISIN: INE547E01014|SECTOR: Trading
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« Mar 11
Notes to Accounts Year End : Mar '12
1.  Balance Sheet
 
 Liability provided for but contested in appeal - ESI Contribution
 Rs.19.16 Lakhs (Previous year Rs.19.16 lakhs).
 
 2) General
 
 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:
 
 a.  Associates:
 
 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
 Company.
 
 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.
Source : Dion Global Solutions Limited
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