| 1. Contingent liabilities and commitments (to the extent not provided
for)
For the For the
year year ended
ended 31 31 March,
Particulars March, 2014
2015
Rs. in Rs. in
Lakhs Lakhs
Contingent Liabilities not
Provided for :
(i) Income Tax demand contested
in appeal. 39.94 39.94
(ii) Claims of Sales Tax disputed
by the Company. 7.90 7.90
Arrears of dividend on Cumulative
Redeemable
Preference Shares for the years
2001-02 to 2014- 15 140.00 130.00
Notes forming part of the financial statements
2. Additional information to the financial statements
(Contd...)
Related Party Disclosures Under Accounting
Standard 18
RELATED PARTIES
A. (i) Associate Companies:
ABC Bearings Ltd.,
Mipco Investments Pvt. Ltd.,
Manoway Investments Pvt. Ltd.,
Maple Investments Pvt. Ltd.,
Corpus Software Pvt. Ltd.
(ii) Key Management Personnel:
Mr. Sachendra Tummala (Managing Director)
Mr. S.M. Patel (Director)
3. Rs 1.90 Lacs (Previous Year Rs. 1.90 Lacs) included under other
current assets is recoverable from the Mr. SM Patel(Director) out of
excess remuneration aggregating Rs 5.44 Lakhs paid in earlier years.
4. There is no write offs or write back of any amounts for any of the
above related parties.
5. The Company presently does not have any Manufacturing Operations
and restructuring of activities is under consideration.
6. Quantitative Details and other information therefore are not
applicable.
7. (a) Computation of Net Profit as per Section 309 (5) and Section
198 of the Companies Act, 1956
'-Not applicable in absence of any business activities
8. Previous year's figures
Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification /
disclosure.d
|