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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 511153ISIN: INE096I01021INDUSTRY: Food Processing & Packaging

BSE   ` 31.89   Open: 32.55   Today's Range 30.68
32.55
-0.02 ( -0.06 %) Prev Close: 31.91 52 Week Range 21.36
43.78
Year End :2014-03 
1. Note:

Note: Section 205 of the Companies Act, 1956 mandates that companies transfer dividend/depoists that has been unclaimed for a period of seven years from unpaid dividend/deposit account to the Investor Education and Protection Fund (IEPF). Accordingly, if dividend/deposit is unclaimed for a period of seven years, it will be transferred to IEPF.

2. Estimated amount of contracts, remaining to be executed on Capital account and notprovided for (net of advances) Rs. Nil (Previous year Rs. Nil).

3. CONTINGENT LIABILITIES NOT PROVIDED FOR:

I. Disputed Income Tax demands year 1998-99 Rs. 6.80 lakhs towards in respect of which company has filed an appeal with Commissioner Income Tax (Appeals).

II. Disputed Income Tax Liability for A.Y.2004-05 Rs. 9.78 lakhs towards lease income from buildings in respect of which the company has filed an appeal with Commissioner Income Tax (Appeals).

4. During the year the Company has sold some of the fixed assets for Rs. 5.50 Crores where book value is Rs. 5.92 Crores resulting in a loss of Rs. 0.43 Crores which is shown as exceptional item in the profit and loss account. The Company's Subsidiary has made a turnover of Rs. 22.34 crores during the financial year 2013-14. The Company has initiated the merger process to merge the subsidiary company. In order to meet the growing demands of food industry, the Company has acquired 5.5 acres of additional land beside the existing facilities of the subsidiary company. Further the Company has plans to start a huge food park which includes manufacturing of bakery products, milk products and short eats etc.,

5. Balances with Scheduled Banks, Loans & Advances, and unsecured loans aresubject to confirmation and reconciliation.

6. The Company has made relevant disclosures which are applicable as per revised schedule VI and the figures for the previous years are reclassified/regroupedand rearranged wherever necessary.