| Note No. - 1. : EMPLOYEE BENEFIT EXPENSES (Contd.)
Defined Benefit Plans:
Gratuity - Gratuity is payable to all the eligible employees of the
Company on resignation, death, Permanent disablements in terms of the
Payment of Gratuity Act,1972.
Leave Encashment - Entitlement of annual leave is recognised when they
accrue to employees Annual leave can either be availed or encashed
subject to a restriction on the maximum number of accumulation of
leaves.
Note No. - 2.
The operations of the company predominantly comprises of "Manufacturing
of yarn"(made of Cotton, Polyster and Viscose). These activities
constitute the Primary segment. Secondary segmental reporting is made
on the basis of geographical location of the customers. The accounting
principles consistently used in the preparation of the financial
statements are also consistently applied to record income and
expenditure in individual segments.
The company's major exports are made to four principal geographical
areas in the World. In India, its home country, the company carries out
manufacturing of Yarn and Trading of raw cotton. The following table to
shows the distribution of the company's turnover
Note No. - 3.
Previous period's figures have been recast / restated to confirm with
the current year's classification.
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