1. Contingent liabilities
In respect of
i) Claim against me company not acknowledged as debt. 133128.65
2. Related parties disclosures:
A) Transactions with related Parties
S.NO.DISCLOSURE RELATED PERSON
1. Name of the Related persons Shri Sanjay Kumar Kanoria -
Smt. Priyadarshini Kanoria -
3. Name of the Related Enterprises Kanoria Sugar & General Mfg.
in which Directors are Co. Ltd.A Infrastructure
Description of the nature of
a. Loan / advance taken by 1,08,89,939/-.
3. Micro, Small & Medium Scale business entities
There are no Micro, Small and Medium Enterprises, to whom the Company
owes dues, which are outstanding for more than 45 days as at 31st
March, 2010. This information required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006, and have been
determined to the extent such parties has been identified on the basis
of information available with the Company.
4. Interest paid to others is Rs.3.50 lacs (Previous year Rs. Nil).
Tax deducted at source is Rs. Rs.0.35 lacs (Previous year Rs. Nil).
5. In the opinion of the management, all the Current Assets, Loans &
advances have the Value on realization in the ordinary course of
business and equal to the amount at which they are stated.
6. Liability, if any arises on completion of pending-assessment in
respect of VAT, Service Tax and IncomeTax etc. will be provided in the
year of completion of such assessment.
7. Previous year figures have been regrouped/re-arranged wherever
considered necessary to confirm with current year''s classification. /
8. A schedule 1 to 13 forms an integral part of the accounts and has been
9. Foreign Exchange Earning and Outgo
There were no export earnings and foreign exchange out flow during the
year.(Previous year Nil).