| 1. SEGMENT REPORTING:
The Management of the affairs of the company and its internal reporting
is only on the basis of the significant product line, i.e. meat. Hence,
segment reporting is not required. Accordingly, the disclosure
requirements of Accounting Standard - 17 (AS-17) on "Segment
Reporting", issued by the Institute of Chartered Accountants of India
is not applicable.
2. In the opinion of the management, the Current Assets, Loans and
Advances are realizable at the value stated in the Balance Sheet, in
the ordinary course of business.
3. Due to realignment of the value of Trade Receivables, to make it
commensurate with the closing exchange rate, Sales & Trade Receivables
have accordingly been increased by Rs. 85.48 lacs. (Previous year
increase - Rs. 68.55 lacs).
4. Balances under Trade Receivable, Trade Payable, Loans and Advances
are subject to confirmation and reconciliation and consequent
adjustments thereof. The outstanding Trade Receivables which may not be
recoverable could not be ascertained at the year end.
5. The company has given on loan its finished goods inventory at
various intervals to its subsidiary company which is subsequently
received in due course. In the opinion of the management, the above
practice is adopted to have better realization as per the practice
prevailing in the industry.
6. There exists no indication for the management to conclude that any
of its cash generating units are impaired and accordingly no provision
for impairment is required to be made in the financial statements.
7. Research and Development Expenses : NIL ( Previous Year - NIL )
8. Amount due to small scale industrial undertakings/ suppliers under
the MSME Act, 2006 :
As per the certificate of representation received from the Company, it
has not received any intimation from suppliers regarding their status
under the Micro, Small and Medium Enterprises Development Act, 2006 and
hence disclosure, if any, relating to amounts unpaid as at the year end
together with interest paid / payable as required under the said Act
could not be furnished.
9. The company shall make available the separate financial statements
of the subsidiary to the shareholders of the holding and subsidiary
company whenever required at any point of time.
10. Previous year figures have been reclassified in accordance with
current year requirements.-
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