1.1 Un billied Revenue comprises of Advance to raw material suppliers
and Advance against factory expenses
1.2 Share issue expenses not written off are to be written off within
2.1 Other Operating Income comprises of income from DEPB License
3.1 Interest income comprises interest receivable on FDR of Rs.
1193823 (Previous Year Rs. 359819) received on deposit to JWN of Rs.
78522 (Previous Year Rs. 56138).
3.2 Other income includes discount received and insurance claim
received of Rs. 466816 during the year.
4.1 Leave Encashment given by company is not retirement benefit but it
is encashed in every year.
4.2 As per Accounting Standard 15 Employee Benefits the disclousures
as defined in the Accounting Standard are given below:
Defined Contribution Plans
Contribution to Defined Contribution Plans, recongnised as expense for
the year is as under:
Employer''s contribution to Provident Fund 270316 170439
Defined Benefit Plans
The employee''s gratuity scheme managed by LIC is a defined benefit
plan. The present value of obligation on actuarial valuation using the
Projected Unit Credit Method, which recongnises each period of services
as giving rise to additional unit of employees benefit entitlement and
measures each unit separately to build up the final obligation.
5. CONTINGENT LIABILITIES AND COMMITMENTS Rs (In Lakhs)
(i) Claims against company disputed liabilities
Entry Tax Demand 2.66 2.66
Performance Guarantees 182.04 742.64
Financial Guarantee 54.88 -
Guarantee against Buyer''s 531.07
(iii) Letter of credit 127.73 155.96
6. The Company is in the process of identifying Micro, Small and
Medium Enterprises as defined under the Micro, Small Medium
Deveiopment Act,2006. Hence, disclousure relating to amounts unpaid as
at the year together with interest payable thereon has not been given.