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. |