| Secured Loans:
1. Term Loan form Federal Bank is secured by way of mortgage of Land &
Building and hypothecation of Plant & Machinery of Nasik Unit and
personal guarantees of Directors.
2. Working Capital Loan is secured by way of charge on inventories and
book debts.
4. Car Loan is secured against hypothecation of car.
Other Notes:
For the for the
Year Ended Year Ended
(Rupees) (Rupees)
1. Auditors Remuneration includes:
Audit Fees 27000 25000
Tax Audit Fees 7000 7000
Out of Packet Expenses 3000 3000
Cost Audit Fees 5000 5000
42000 40000
2. The balances of debtors, creditors and parties appearing under the
head advances are subject to confirmation.
3. Previous years figures have been regrouped, re-arranged wherever
found necessary.
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