| 1. Contingent Liability not provided for:
Current Year SPrevious Year
a) Bank Guarantee 34,60,290 46,54,158
2. The Trading and Manufacturing division of the company had closed.
The entire assets of manufacturing division has been sold by the
company and profit of Rs. 4,42,37,624/- has been recognised under the
schedule 19 of profit and loss account.
3. The debit and credit balances included under 'Debtors, Loans &
Advances Deposit & Creditors' in the balance sheet are as per ledger.
4. Research and Development :
Revenue Expenditure on development work is charged to P&L A/c. Capital
Expenditure is considered as an addition to Fixed Assets and
depreciated as indicated herein above.
5. Related Party Disclosure
A Particulars of Related Parties which control or are under common
control with the Company.
Name of the Related Party Nature of Relationship
P.K. Nanda Chairman
B. Key Management Personnel.
Name of the Related Party Nature of Relationship
Mr. M D Diwan Whole-Time Director
C. Transactions during the year : Amount paid off to Mr. PK. Nanda that
41.00 lacs. Year end balance of interest free unsecured loan is Nil.
6 Earning per Share
The Earning per share is Rs. 1.54 PY 0.09
The Company has no outstanding Convertible Debenture or Preference
shares.
The Company has recognised deferred tax assets on unabsorbed
depreciation and carry forward losses to the extent of deferred tax
liabilities which has arisen due to timing difference and reversal of
which will result in sufficient income against which such deferred tax
assets (on unabsorbed depreciation and carry forward losses) can be
realised.
7. Additional Information pursuant to provision of part IV of Schedule
VI to the Companies Act, 1956. (As Per Annexure)
8. Corresponding Comparative Figures:
Previous year figures has been regrouped and rearranged wherever
considered necessary and possible.
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