1. Contingent Liability in respect of Income Tax Demand disputed in
appeal is Rs.2.79 million (previous year Rs.5.49 million).
2. Amounts due to micro enterprises and small enterprises as at 31st
March, 2009 is Rs.Nil (previous year Rs.Nil).
3. Related party disclosures
(i) Related party disclosures as per Accounting Standard-18 are given
(a) Holding Company: Tolani Shipping Co. Ltd.
(b) Associate Companies/Enterprises: (i) Tolani Pvt. Ltd.
(ii) Tolani Engineers Pvt. Ltd.
(iii) Tolani Education Foundation
(iv) Nandlal Tolani Charitable Trust
(v) Tolani Shipping (Singapore) Pte. Ltd.
(vi) Puni Gopal Shipping Pte. Ltd.
(vii) Parvati Shipping Pte. Ltd.
(viii) Top Investments and Finance Pvt. Ltd.
(c) Key Management Personnel: Dr. N. P. Tolani
4. There are no statutory dues outstanding on account of any dispute
as at 31st March, 2009.
5. Previous year figures have been regrouped/restated wherever