1.Secured against Hypothecation of Stock of Raw Material, Work in
Progress & Finished Goods & Sundry Debtors
2. Funding Loan secured by hypothecation of present and furture stock
of Vehicles
3. Secured against Hypothecation of Vehicles
4. RELATED PARTY DISCLOSURES :
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below :
List of related parties where control exists and related parties with
whom transactions have taken place and relationships :
5. CONTINENT LIABILITIES AND COMMITMENTS :
i Contingent Liabilities
Claims against the Company not acknowledged NIL 930,500
as debts hence not provided
ii Commitments
The Company has filed suit for recovery against 6,964,541 6,964,541
its debtor and the same is pending with the court
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