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Moneycontrol.com India | Notes to Account > Oil Drilling And Exploration > Notes to Account from Sah Petroleums - BSE: 532543, NSE: SAHPETRO
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Sah Petroleums
BSE: 532543|NSE: SAHPETRO|ISIN: INE586G01017|SECTOR: Oil Drilling And Exploration
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« Mar 10
Notes to Accounts Year End : Mar '11
1] Contingent liabilities not provided for:
 
                                                Rs.             Rs.
 
                                             2010-2011      2009-2010
 
 a] Guarantees given by Banks                2,363,154        335,225
 
 b] Estimated amount of contracts / 
 capital commitments                         5,887,065      1,601,915
 
 c] Claims against the Company not 
 acknowledged as debts:
 
 (i) Excise matters                          9,408,719      9,408,719
 
 (ii) Sales Tax matters                    131,079,080    108,965,538
 
 2] Related Party Disclosure .
 
 (a) Name of the related parties and description of relationship.  
 
 Related Party: Relationship:
 
 NAF India Holdings Ltd Investor Company - Controlling Interest
 
 Shri Rajendra Sah Whole time Director
 
 ShriVivekSah Whole time Director
 
 Shri Aditya Sah Whole time Director
 
 Smt. Shobha Sah Senior President
 
 (b) Enterprises over which Key management personnel exercise
 significant influence SahAgrotechs
 
 Note: Related party relationship is as identified by the Company and
 relied by the Auditors
 
 11] Acceptances pertain to liability under Secured Letters of Credit
 from Bank.
 
 (Details of security is given in note to Schedule 3) 
 
 3] ADDITIONAL INFORMATION AS FAR AS APPLICABLE PURSUANTTO PART II OF
 SCHEDULE VI OF THE COMAPANIES ACT 1956.  
 
 I.  Particulars of Capacity:
 
 (i) Licensed Capacity 
 
 Not applicable
 
 (ii) Installed Capacity:
 
 Installed capacity for the manufacturing of Industrial Oils and
 Lubricants - 80,000 KL per annum (approx).  Since the company''s
 installed capacity is dependent on Product-mix, whjch in turn is
 dependent on the basis of actual demand for various products from time
 to time, it is not feasible for the company to give the exact installed
 capacity. The company has, however indicated the installed capacity 6n
 the basis of the normal year''s product-mix as certified by the Managing
 Directors and the same being a technical matter is accepted by the
 Auditors.
 
 4] Previous years figures have been regrouped / recast wherever
 necessary.
Source : Dion Global Solutions Limited
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