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.
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