1. Loans and advances - Rs 20,90,48,405/- includes: -
(a) A sum of Rs, 68,17,898/- out standing from a Company in respect of
sale of assets, which amount, in the opinion of Directors are good of
(b) A sum of Rs. 20,22,00,000/- paid to a Company as advance for
setting up a unit of Gold / Jwellery as per the agreement executed with
the said Company.
All the above loan amounts have been given for the business
purpose/outstanding for business transaction only and hence they are
non-bearing interest and subject to their balance confirmations.
2. INFORMATION PURSUANT TO THE PROVISIONS OF PART II OF SCHEDULE VI OF
THE COMPANIES ACT, 1956 (VIDE NOTIFICATION DATED 30TH OCTOBER 1973 OF
THE DEPARTMENT OF COMPANY AFFAIRS/GOVERNMENT OF INDIA)
As during the year no Trading or Manufacturing Activities have been
carried out by the company the matters are not applicable.
3. Previous years figures have been regrouped / rearranged wherever
necessary to confirm to the current year classification.