| 1.1 Term Loan from Oriental Bank of Commerce was taken during the
financial year 2009-2010. The loan is fully repaid in March 2015.
1.2 Term Loan from Saraswat Co-operative Bank Ltd. was taken during the
financial year 2007-2008. The loan is fully repaid in Sept . 2014.
1.3 Inter Corporate Deposits was taken from the financial year
2010-2011.
1.4 Vehicle Loan from HDFC Limited was taken during the financial year
2011-2012. The Loan is fully repaid in Dec. 2014
1.5 Vehicle Loans from Saraswat Co-Op Bank Ltd is taken during the
financial year 2011-2012 & 2013-2014. The Loans are repayable in 36
monthly installments. The loan is secured by hypothecation charge on
Vehicles. Further, loan has been guarateed by the personal guarantee of
Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director
and Mr. Gopal Nyati, Executive Director.
1.6 Cash Credit & Export Packing Credit loans are secured by
hypothecation of present and future stock of raw material, stock in
process, finished goods, stores and spares, book debts and materials in
transit on pari passu basis. Cash Credit & Export Packing Credit loans
are repayable on demand. Further, loan has been guarateed by the
personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati,
Whole Time Director and Mr. Gopal Nyati, Executive Director.
(a) Defined Benefit Plan
The employees gratuity fund scheme managed by a Trust (life Insurance
Corporation of India) is a defined benefit plan.
The estimates of rate of escalation in salary considered in actuarial
valuation, take into account inflation, seniority, promotion and other
relevant factors including supply and demand in the employment market.
The present value of obligation is determined based on actuarial
valuation using the Projected Unit Credit Method.
Note -2 The Company is operating only in one segment, hence no segment
wise disclosure as per accounting standard-17 is provided.
Note -3 Suppliers who are covered under MSMED Act. 2006 have been
identified to the extent of information available with the company. The
principal Balance due to Micro and Small Enterprises as at 31st March
2015 is Rs. Nil (31st March 2014 is Rs. Nil). Further no interest has
been paid or is payable under the Act.
Note -4 Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure.
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