| 1. Bank guarantees outstanding for which Company has given counter
guarantee ( Rs. Nil )
2. Directors Remuneration :
a. Salary Rs. -
b. Contribution to Provident Fund Rs. - Gratuity Fund and Super
annotation Scheme
c. Perquisite Rs. -
d. Commission Rs. -
3. Particulars of securities - term loan and other loans
4.1 Term Loan :
As per information given by the management Term loan & Cash Credit From
Central Bank is secured by way of equitable mortgage and change on all
immovable and movable assets of the Company present and Future situated
at Gadchiroli and Hypothecation of stock & Raw Material. As per
information given by the management during the financial year 2003-04
bank has acquired all the movable & immovable assets hence loan from
bank is adjusted against the movable and immovable assets of the
company. No documents is available for verification and no balance
verification is available.
4.2 Unsecured Loans :
As per information given by the management during the financial year
2003-04 unsecured loan is adjusted against the sundry debtors and
remaining fixed assets from acquisition of the bank no documents are
available for verification and no balance verification or confirmation
is available.
4.3 Contingent Liabilities not provided for : Nil
5. The balances of debtors , creditors, loans and advances, banks are
subject to their confirmation and reconciliation if any.
6. In the opinion of the Board of Directors of the Company and to the
best of their knowledge and belief all the current assets and loans
advances have on realization in the ordinary course of business at
least equal to the amount at which they are stated in Balance Sheet.
Notes :
Installed capacity is as certified by the Managing Director and relied
on by the Auditors without verification as this is a technical matter.
1. Manufacture of iron powder is not covered by the list of
industries, as published vide Government Notification no. 477 ( E )
dated ( E) dated July 29, 1991 requiring an industrial license and
therefore, the information regarding Licensed Capacity is not being
furnished.
2. Generic Names of Three Principal Products / Services of Company ( As
per Monetary 09 Terms) Item Code 720529.00 Product Description Iron
Powders
Notes: 1. The above information should be read along with the Balance
Sheet as at 31st March 2010.
2. Total Liabilities exclude Current Liabilities as the same has been
considered in arriving at net current assets
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