a. Terms / rights attached to Equity shares
(i). The Company has only one classe of equity shares having a par
value of Rs. 10 per share. Each holder of Equity shares is entitled to
to one vote per share.
(ii). In the event of liquidation of the company, the holder of equity
shares will be entitled to receive remaining assets of the '' company,
after disttibution of all preferntial amounts. The distribution will be
in proportion to the number of equity shares held by the shareholders.
1.1 The Deposits - ICD from Aurobindo Phrama Limited are Secured by
Hypothecation of Movable Fixed assets of the company
1.2 The Company has taken interest free unsecured loans agrregaring Rs.
71,10,591 & Rs. 1,12,97864/-from others parties
2.1 In the absence of the information about the Small scale industrial
undertakings status of its Sundry Creditors, at present the Management
is unable to quantify the amounts due to Smal scale industrial
undertakings exceeding rupees one lakh which is outstanding for more
than 30 days.
3.1 Other Payables consists of Amounts payable towards Tds, Sales tax,
Excise duty, Professional tax, ESI etc
4.1 During the Current Financial Year, since the Employee statutory
records are not traceable. The Management has not provided for Gratuity
and Leave encashment, as per Actuarial valuation as per Accounting
Standard -15. The salaries and wages which were paid in part to the
Employees are recognized as Staff salary and advances, since the
salaries and wages are not provided for full value in Books of accounts
due to Court pending case. Hence Employee Statutory obligations like
PF, ESI, Professional tax are also not provided for in the books of
4.2 Others includes Provison for Fringe Benefit Tax
5.1 Investments consists of 49,390 Equity shares in M/s Pattancheru
Enviro-Tech Ltd of Rs. 10/- each
6.1 Amount paid to the Central Excise Department, consequent to Search
Proceedings carried out by the said depart ment. The said payment is to
meet the liability, if any, to the department. Pending outcome of the
said proceedings, the payment is reflected as loans and advances in
7.1 The Management is in the process of Confirmation and
reconciliation of balances of sundry debtors at the end of the year.
Pending confirmation of balances and reconciliation of the debtors and
the consequent impact on the profits/ Losses is not ascertained.
a) Due to Deadlock in the Management of the company during the FY:
2006-07, at present No statutory records pertaining to Finance, Central
Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial
records etc, are available in the company for the FY : 2011-12.
b). Deposits, Loans and advances, inoperative bank accounts, unsecured
loans and sundry creditors are subject to confir- mation and
reconciliation. However necessary action in this regard is already
initiated. Pending confirmation/reconcilia- tion and review by the
Company, consequential adjustments arising thereon, if any are
presently are not ascertainable.
a). During the Current Financial Year, the company has not provided for
depreciation on its fixed assets, since the company is not a going
concern as on 31s March 2012. Depreciation has been provided in books
of accounts, the loss after tax will be increased by Rs. 1,19,98,130/-
b). 28 cases are pending against the company as on 31st March 2012.
c). Figures for the previous period have been regrouped and
reclassified wherever necessary to be in conformity with the current
d). The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements Previous year''s figures have been regrouped/ reclassfied
wherever necessary to correspond with the current year''s classification