1. Capital Commitments:
Estimated amount of contracts remaining to be executed on capital
account & not provided for is Rs 1,75,00,000/- (Previous year Rs
2,28,00,000/-)
2. Contingent Liabilities not provided for:
Year Ended March 31 (Rs.)
Particulars 2011 2010
a) Counter guarantees given by
the Company for the guarantees
issued by Company''s 3,59,00,501 7,27,90,894
Fixed deposits shown under
the head cash and bank
balances include deposits
pledged with the banks as
margins to secure letters of
credit and guarantees issued 46,52,734 29,99,212
by banks
Net amount 3,12,55,767 6,97,91,682
b) In respect of disputed
demands/claims against the company
i) Disputed income tax demand Nil Nil
ii) Excise Matter under dispute
appeal by Department Nil 19,57,563
iii) Service Tax matter under
dispute 1,08,74,905 Nil
3. Amount Due to Small, Medium and Micro enterprises:
Company is in process of inviting information from its vendors for
their status under The Small, Medium and Micro Enterprises Development
Act 2006, however in absence of any information, no disclosures have
been made in this regards.
4. Information about Business Segments
The company is operating in one segment only i.e. Plastic Extrusion
Machinery & Allied Equipments.
5. According to Accounting Standard AS - 29 Provisions, Contingent
Liabilities & Contingent Assets , an incremental provision of
Rs.22,00,000/- (Previous year Rs.43,00,000/-) towards warranty claims
has been made as estimated by management (Warranty provision as on
31.03.2011 Rs.2,15,00,000/-) (Previous Year Rs. 1,93,00,000/-)
6. Previous year''s figures have been regrouped/recast wherever
necessary.
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