| 1. Contingent Liabilities not provided for in respect of Bank
Guarantees issued to: West Bengal State Electricity Board - Rs.998967/-
(Previous year Rs.743000/-)
2. The break-up of Auditors' remuneration is as below: Audit fees Rs.
56180 /- (Previous year Rs. 56180/-) Tax audit fees Rs. 112360
/-(Previous year Rs. 112360/-)
3. Sales are stated net of returns but includes VAT, if any.
4. In terms of Accounting Standard 17 of the Institute of Chartered
Accountants of India, Segment Information has not been given as Company
has no reportable Business or Geographical segment.
5. Related Party disclosures as per Accounting Standard 18 are given
below: (i) Name and description of relationship with the related
parties.
Key Management Personnel: Nature of Designation
1. Mr. Chandra Prakash Mehra : Chairman
2. Mr. Ashok Mehra: Managing Director
Note: Related Party relationship is as identified by the company and
relied upon by the Auditors.
6. On the basis of the information available with the Company there
are no Small Scale Industries to whom the Company owes a sum exceeding
Rs 100000/ which is outstanding for more than 30 days.
7. In the opinion of the Board and the best of their knowledge and
belief the realisable amount of Current Assets and Loans & Advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet. However, the outstanding
balances in respect of some of the Trade Receivables, Trade Payables
and Loans and Advances are subject to confirmation and reconciliation,
if any.
8. Additional depreciation of Rs. 2425263/- for current year (P.Y -
Rs. 2425263/-) arising due to revaluation of certain fixed assets is
charged to Statement of Profit & Loss.
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