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Kabra Extrusion Technik
BSE: 524109|NSE: KABRAEXTRU|ISIN: INE900B01029|SECTOR: Engineering - Heavy
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Explore Kabra Extrusion connections « Mar 10
Notes to Accounts Year End : Mar '11
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.
 
 
 
 
Source : Dion Global Solutions Limited
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