| The Company has obtained the Overdraft Facilities of Rs. 160.00 Lacs
from Bank of Baroda secured by equitable mortagage of Industrial
Property land and buliding situated at Ward No 15-A, City Survey No 32
& 33, R S No 70, Hissa No 1 Paiki, T P NO 4 (Ashwanikumar - Navagam) FP
No 120 & 121 , B/H A S Motors Taswadi, A K Road,, Surat in the name of
M/S Kohinoor Techno Machines Limited and further secured by way of
personal gurantee of directors and corporate guarantee of M/s Kohinoor
Techno Machines Limited. As per the Sanction the Rate of Interest is
13.25% per annum.
(Previous year Balance Rs. NIL)
Balance with bank includes the current account with Punjab Nationhal
bank having balance of Rs. 2235/- (Previous year Rs. 2235/-) for which
the company has not produced the Bank Statement and informed that it is
non-operative since the long period of time
1. Contingent Liability Provided for Rs Nil
2. Expenditure in Foreign Currency by Import (I) USD 13,020/- (ii) SGD
4020/- (Singapore Dollars) (Previous Year USD 1283/-)
3. Income in Foreign Currency : Rs. Nil
4. Estimate amount of Contract remaining to be executed on Capital
Account and not provided for Rs. Nil (Previous Year Rs. Nil)
5. The management have not received any intimation form suppliers
regarding their status under the Micro Small and Medium Enterprise
Development Act 2006 and hence disclosure if any relating to amount
unpaid as at the year and together with interest paid / payable as
required under the said Act have no been given. Further there are no
specific claims from suppliers under the Micro, Small and Medium
Enterprise Development Act 2006 during the year
6. The balance outstanding at year end and squared off during the year
in respect of Receivables, Loan and Advances, Payables, Unsecured Loan,
Deposits are subject to confirmation from the respective parties
7. In Opinion of the Board, the aggregate value of the Current Assets,
Loan and Advances, Receivables are approcimately of value stated, if
realised in the ordinary course of business
8. The figure is rounded off to the nearest rupees, wherever necessary.
The Company has identified two reportable segments viz. manufacturing
of machineries of diamonds and related services and trading of
diamonds. Segments has been identified and reportes taking into account
of nature of business activity , the differing risks and returns and
internal business reporting systems. The accounting policy adopted for
segment reporting are in line with the accounting policy of the Company
with following additional policies for segment reporting
(a) Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of segment. Revenue and
Expenses which relate to enterprise as a whole are not allocable to a
segment on regular basis have been disclose as "Unallocable"
(b) Segment assets and segment liabilities represent assets and
liabilities in respective segment Assets and liabilities that can not
be allocated to segment on reasonable basis have been disclosed as
"Unallocable"
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