| 1) RELATED PARTY DISCLOSURES
a) Key Management Personnel
Name of the related Party Nature of relation ship Directorship
1 .Sri. J.K. Kothari Managing Director PEIPL
2.Smt.Kamala J. Kothari Director PEIPL
3.Sri. Dinesh Kothari Director PASPL
b) List of Related Parties
1. Pondicherry Extraction Industries Limited- (PEIPL)
2. Pondy Agro Stabilizers Private Limited- (PASPL)
3. Smt. Jasodabai Kothari (Individual) (Mother of Sri J K Kothari
& Mother in Law of Smt. Kamala J Kothari)
4. Chetan Kothari (Individual) (Son of Sri J. K. Kothari)
5. Dinesh Kothari (Individual) (Son of Sri J. K. Kothari)
6. Sri. Raman Lai Kothari (Father of J.K. Kothari & Father in Law of
Smt. Kamala J Kothari) -
2) Contingent Liabilities: Out of the sanctioned FLC limit of Rs.25.00
Crores FLC opened and outstanding to the extent of Rs.25.60 Crores as
on the last date of the financial year. Out of the sanctioned Bank
Guarantee Limit of Rs.1.50 Crores, utilized and Bank Guarantee
outstanding is Rs.4.50 Lakhs.
3) Dues to Small Scale Industrial undertakings which are over Rupees
one lakh and outstanding for more than 30 days is Rs. Nil
4) Smt. Kamala J. Kothari, Shri. Dinesh Kothari, Shri. G. Ashokkumar
and Shri. P. Ramamoorthy Directors, have waived sitting fees due to
them for the year.
5) Sri. J. K. Kothari, Managing director waived his remuneration due to
him for the year.
6 Confirmation of balances from and creditors has not been received in
some cases.
7) Due to the Losses the provision for income tax is not applicable for
the year. The net deferred tax asset as on 31.03.2015 of timing
differences on account of Income Tax Losses has not been considered as
a prudent accounting policy as per AS-22.
9) Figures of the previous year have been regrouped/reclassified
wherever necessary to conform to current year's classification.
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