| 1. Contingent Liabilities not provided for:
31/03/2010 31/03/2009
(Rs. in lacs) (Rs. in lacs)
In respect of outstanding
corporate guarantees to 10035.61 10035.61
Financial Institutions /
Bank/Body Corporate
In respect of Demand on
additions and interest
for Assessment Year 1997-98
raised by I. T. Department 287.29 287.29
2. Deferred Tax Assets have not been recognised in the accounts
on prudence basis as per Accounting Standard (AS-22) issued by
The Institute of Chartered Accountants of India.
3. Related Party Disclosure
As per Accounting Standard 18 issued by the Institute of Chartered
Accountants of India, the disclosures of transactions with the related
parties as defined in Accounting Standard as given below :
(A) List of the related parties and relationship
SI.
No. Name of related Party Relationship
1 Dunlop India Ltd Associate
2 Falcon Tyres Ltd. Associate
3 Jessop & Co. Ltd. Associate
4 Monotona Tyres Ltd. Associate
5 Suryamani Financing
Co. Ltd. Associate
(B) Transactions carried out during the year with related parties :-
No Transaction were made with the related parties during the year.
4. Previous years figures have been re-arranged/re-grouped wherever
necessary.
5. Balance Sheet abstract and Companys general business profile as
required under Part IV of Schedule VI to the Companies Act, 1956 is
enclosed and marked as Schedule 10.
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