1. As Per Section 135 of Companies Act 2013 Corporate Social Responsibility (CSR) Committee has been formed by the company. The Company has made provision for the CSR in books of accounts but no expenditure is incurred during the year as well as in previous year out of the fund.
2. LITIGATIONS
3. M/s Nawa Engineers & Consultants Pvt Ltd is client of Somi Conveyor Beltings Ltd. Who had issued cheque in foavour of Somi Conveyor Beltings Limited on 16.10.2014 of Rs. 200000.00 which was dishonored and Company has suied under section 138 of Negotiable Instruments Act in the Court of the Honble XVII ADDL Chief Metropolitan Magistrate at Hyderabad.
4 M/s Somi Conveyor Beltings Ltd has made Purchased Order of Zinc Oxide Dated 25.10.2012 at 99.70% Purity. Purchase Order Qty 16 9 Ton. Company has received gds on 10.11.2012 Bill No 123 of 9 Ton. Company has Tested and found on 54% Purity instead of 99.70%. Company has rejected the goods and send Letter on 22.11.2012. Again 16 Ton received of Low Quality. So Company send 16 Ton Immediately but 9 tons are remained with Company. Company has send the Legal notice on 12.04.2013
5. The Company is in the process of identifying Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium development Act, 2006. Hence, disclosure relating to amounts unpaid as at the yearend together with interest payable thereon has not been given.
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