1 There are no Micro and Small Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at 31st March,
2015. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act,2006 has been determined
to the extent such parties have been identified on the basis of
information available with the Company.
2 The Company is engaged in Manufacturing of textiles Products which
is considered as the only reportable business segment.
3 The Company reviewed the old provision for expenses / liability and
has written back the amount which are not payable, hence the expenses
for the year are net of written back amount.
4 Mens Club s.p.a., the Company's subsidiary was liquidated and all
the formalities with reference to the liquidation are in advance stage.
Therefore the financials of the subsidiary is not consolidated. The
loss on account of liquidation will not exceed original investment
amount of R 3 lacs.
5 Related Parties transactions during the year.
During the year Rent of R20226 (Previous year Nil ) has been paid to
associate company i.e. Morarjee Textiles Ltd.
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