| a) Contingents liabilities :
Claims against the company not acknowledged as debts being disputed and
pending appeals assessment in respect of Sales Tax & Entry Tax matter
-Rs. 16,33,261/-.
b) In the opinion of Board, the current assets, loans and advances have
a value on the realisation in the ordinary course of business at least
equal to the amount at which these are stated in the Balance sheet
excluding sundry debtors status of over six months in the Schedule.
c) Debtors and Creditors balances are subject to confirmation.
i) Central Bank of India, Siyaganj Branch, MTH Compound, Indore filed
suit against the company before Debt Recovery Trubunal, Jabalpur Bench
for recovery of its dues amounting to Rs. 3,70,24,401/- . The matter
is sub-judice.
d) In the opinion of the Board of Directors, Secured Loan taken from
CBI, Indore might have been transferred by the Bank into NPA account
hence no interest on this account has been debited.
e) No related parties transactions took place during the year.
f) Fixed Deposits of Rs. 103532/- adjusted by CBI, Indore against
C.C.Loan account in earlier years and remaining amount of deposit Rs.
78968/- is subject to confirmation from bank.
g) Finished Goods amounting to Rs. 230601/- seized in earlier years by
Sales Tax Deptt. Against due.
h) E.P.S. not calculated due to losses to company in current year.
i) Auditors remuneration is as under :
a) Audit fees Rs. 4000/-
b) Tax adit fees Rs. NIL/-
c) Other matter Rs. NIL
j) The additional Information pursuant to the provision of the
paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act,
1956 has been furnished to the extend possible and applicable because
of non applicability of those provisions due to closure of factory and
company since 2004.
k) The previous year figure has been regrouped and/or rearranged
wherever necessary.
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