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Moneycontrol.com India | Notes to Account > Textiles - General > Notes to Account from Uniproducts (India) - BSE: 507856, NSE: N.A
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Uniproducts (India)
BSE: 507856|ISIN: INE715C01011|SECTOR: Textiles - General
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Uniproducts (India) is not traded in the last 30 days
Uniproducts (India) is not listed on NSE
« Mar 09
Notes to Accounts Year End : Mar '10
1. Advance recoverable (Schedule 6) includes an amount of Rs.
 24,04,829/- (Previous year Rs. 24,04,829/-) being excise duty paid
 under protest to the central Excise Deptt. upto 31.10.98.The Company
 has filed an appeal with the CESTAT, New Delhi.
 
 2.  Related party disclosures (As identified and certified by the
 management)
 
 Related Party Disclosures as required under Accounting Standard on
 Related Party Disclosures issued by the Institute of Chartered
 Accountants of India are given hereunder:
 
 (I) Holding Company
 
 Uniproducts Mauritius Ltd.
 
 (II) Joint Venture
 
 Juken Uniproducts Pvt. Ltd.
 
 (III) Associates
 
 Unicel Impex Pvt. Ltd.
 
 Uniproducts India Employee Welfare Trust
 
 (A Trust created for ESOP)
 
 (IV) Key Management Personnel
 
 Dr. Ashwan Kapur
 
 (V) Mrs. Rakhmander Mehra
 
 (Wife of Non Executive Chairman)
 
 3.  Segment revenue, results, assets and liabilities have been
 accounted for on the basis of their relationship to the operating
 activities of the segment and amounts allocated on a reasonable basis.
 
 Primary Segment Reporting (Business Segment)
 
 4. There are no Micro, Small and Medium Enterprises, as defined in the
 Micro, Small and Medium Enterprises Development Act, 2006 whom the
 Company owes dues on account of principal amount together with interest
 and accordingly no additional disclosure have been made. The above
 information regarding Micro, Small and Medium Enterprises has been
 determined to the extent such parties have been identified on the basis
 of information available with the Company.
 
 Contingent Liabilities incurred in relation to interest in joint
 venture are as follows:
 
 The Company had given guarantee on behalf of Juken Uniproducts Pvt.
 Ltd. (a joint venture Company) in favour of:
 
 (i) Dy. Commissioner of Customs of Rs. 16,00,000 (Previous Year Rs.
 16,00,000)(Refer note no. 3 (ii))
 
 (ii) State Bank of Patiala against credit facilities of Rs. 8,35,00,000
 (Previous Year Rs. 7,00,00,000) (Refer note no. 3 (ii))
 
 5.  The Outstanding Derivative Instruments as at 31st March,2u10 ;
 
 The Cash Credit Limit of Citi bank and Unsecured Loan from citi bank
 have been hedged by forward contracts JPY 23,26,56,233 (Previous Year
 Nil).
 
 6.  Figures in Brackets indicate previous year figures
 
 7.  Previous year figures have been regrouped wherever necessary.
 
 8.  Balance sheet abstract and Companies General Business Profile
 attached.
 
 9.  Schedule 1 to 14 form an integral part of the Balance Sheet and
 the Profit & Loss Account and have been duly authenticated.
Source : Dion Global Solutions Limited
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