Prime Security:
The Cash Credit from bank is secured against hypothecation of book debts.
Collateral Security:
Immovable properties in the name of promoters, fixed deposits held in the name of the company and guarantee provided by the promoters.
1. First Time Adoption of Ind AS:
The Company has adopted Ind AS with effect from 1st April 2017 with comparatives being restated. Accordingly the impact, if any, of transition has been provided in the Opening Reserves as at 1st April, 2016. The figures for the previous period have been restated, regrouped and reclassified wherever required to comply with the requirement of Ind AS and Schedule III.
2. The comparative figures of balance sheet prepared as on April 1, 2016 as per Ind-AS pertains to standalone figures of Ducon Infratechnologies Limited without considering the impact of merger with Ducon Technologies India Private Limited as on that date.
3. The share money pending allotment on account of merger under the head "Other Equity" amounting to Rs. 262.52 lakhs outstanding as on March 31, 2018 pertains to 99,43,946 shares of promoters of Ducon Technologies (India) Private Limited (demerged company) which will be allotted to them in the ratio of 25:66 as per the scheme of merger arrangement and as per order of the Hon'ble High Court and will be allotted to the shareholders in the subsequent financial year.
4. Foreign Exchange Exposure:
The company has not entered in any forward contract for hedging during the year and there are no such contracts outstanding at the end of the year.
5. Other Notes:
a) In the opinion of the Board of Directors, Current Assets, Loans and Advance have the value which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.
b) Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.
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