| Disclosure pursuant to Note no. 6(A)(f) of Part I of Schedule III to
the Companies Act 2013
NIL Equity Shares (NIL Previous year) are held by None, the holding
company.
1. CONTINGENT LIABILITIES AND COMMITMENTS
Disclosure pursuant to Note no. 6(T) of Part I of Schedule III to the
Companies Act 2013
31 March 2015
Particulars
Rs. Rs.
A. Contingent Liabilities
(1) Claims against the company not
acknowledged as debt
a. Income tax assessment dues for AY
2011 -12 under appeal 3,580,450
pending before first appellate authority
b. Contract labour claim 150,000
(2) Guarantees -
(3) Other money for which the company is
contingently liable
LC issued by Company's bankers 31,195,255
Sub Total (A) 34,925,705
B. Commitments
(1) Estimated amount of contracts
remaining to be executed on
capital account and not provided for -
(2) Uncalled liability on shares
and other investments partly paid -
(3) Other commitments (specify nature) -
Sub Total (B) -
Total Contingent Liabilities
and Commitments (A B) 34,925,705
Particulars 31 March 2014
Rs. Rs.
A. Contingent Liabilities
(1) Claims against the company not
acknowledged as debt
a. Income tax assessment dues for AY 3,580,450
2011 -12 under appeal
pending before first appellate authority
b. Contract labour claim -
(2) Guarantees -
(3) Other money for which the company is
contingently liable
LC issued by Company's bankers 7,211,976
Sub Total (A) 10,792,426
B. Commitments
(1) Estimated amount of contracts
remaining to be executed on
capital account and not provided for -
(2) Uncalled liability on shares
and other investments partly paid -
(3) Other commitments (specify nature) -
Sub Total (B) -
Total Contingent Liabilities
and Commitments (A B) 10,792,426
2 Disclosure pursuant to Note no. 6(V) of Part I of Schedule III to the
Companies Act 2013
Where in respect of an issue of securities made for a specific purpose,
the whole or part of the amount has not been used for the specific
purpose at the balance sheet date, Indicate below how such unutilized
amounts have been used or invested.
Not Applicable
3 Disclosure pursuant to Note no. 6(W) of Part I of Schedule III to the
Companies Act 2013
If, in the opinion of the Board, any of the assets other than fixed
assets and non-current investments do not have a value on realization
in the ordinary course of business at least equal to the amount at
which they are stated, the fact that the Board is of that opinion,
shall be stated.
4. The excise duty and sales tax, shown as deduction from turnover,
are total tax on sale of goods for the year.
5. The disclosure of "Employee Benefits" as per Accounting Standard
15 are as follows;
(A) Defined contribution plans:
Provident fund:
The Company has recognized the following amounts in the Profit and Loss
Account for the year:
(i) Contribution to Provident Fund (Employer's Contribution) Rs. 489012
(B) Defined Benefit Plans
(i) Disclosure of Gratuity Liabilities
The Company has accounted for provision of gratuity based on actuarial
valuation done by Life Insurance Corporation of India amounting to
total liability till date of Rs. NIL.
6. The Company has only one reportable business segment hence no
further disclosure is required under Accounting Standard-17 on "Segment
reporting".
7. The management has made full inquiries and is of the view that
assets of the Company in form of fixed assets and Inventories are good
in nature, and are stated at appropriate value of the respective assts;
and there is no necessity as to impairment / write down provision in
the accounts.
8. Disclosures required under Accounting Standard-19 on "Leases".
Finance Lease - Assets Given on Lease
The Company has not given any of its assets on lease.
9. The Company has a process w hereby periodically all long term
contracts are assessed for material foreseeable losses. At the year
end, the Company has reviewed and ensured that adequate provision as
required under any law / accounting standards for material foreseeable
losses on such long term contracts has been made in the books of
account.
10. The Company has a system of reviewing its pending litigations and
proceedings, if any, and provide for where Provisions are required and
disclose the contingent liabilities where applicable, in its financial
statements. The Company does not expect the outcome of these
proceedings to have a materially adverse effect on its financial
results. In respect of litigations, where the management assessment of
a financial outflow is probable, the Company has made adequate
provision in the financial statements and the contingent liabilities
are disclosed in Note 17.
11. The previous year's figures have been regrouped / rearranged / re
classified wherever considered necessary to correspond with the figures
of current year.
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