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Naga Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) - P/BV - Book Value (Rs.) -
52 Week High/Low (Rs.) - FV/ML - P/E(X) -
Bookclosure - EPS (Rs.) - Div Yield (%) -
Year End :2016-03 

NOTE - 36 : CONTINGENT  LIABILITIES AND COMMITMENTS:

 

i)   Contingent Liabilities

 

a) Claims against the Company /disputed  liabilites  not

 

acknowledged  as  debts                                                                    --                      --

 

Disputed Electricity  Tax                                                                   19.83                19.83

 

Writ petition  is filed  before the Hon’ble Supreme Court of India  against demand of Electricity  Tax on in-house generation of power through windmills.  The Hon’ble Supreme Court has generated stay and the matter  is pending before the Hon’ble Supreme Court.

 

Disputed Windmill  banking adjustment                                          12.09                12.09

 

Stay petition  is filled  before the madurai Bench of Madras High Court against demand relating  to banking adjustment  of power generated through windmills.  The Court has granted stay and the  matter  is pending before the Hon’ble High Court of Madras.

 

The Company has been legally advised that the demand is likely to be either deleted or substantially reduced and accordingly no provision has been made.

 

b) Guarantees to  banks

 

Bank Guarantee Limit

2,500.00

1,500.00

Bank Guarantee Utilised

1,426.60

1,419.52

 

ii)  Commitments

 

a) Estimated amount of contract  remaining to the executed on

Capital Account (net of advances) and not provided for              --                       --

NOTE -  37  : CSR  EXPENDITURE:

 

Gross amount required to be spent by the Company

during the year                 28.10                  26.91

 

On purposes other than construction / acquisition of assets               19.07                         --

 

 

NOTE - 38 : SEGMENT REPORTING:

 

The Company has presented segment information  in the  consolidated financial statements which are presented in the same financial  report.    Accordingly,  in terms of paragraph IV of the Accounting Standard 17 (AS 17) ‘ Segment Reporting ‘, no disclosure related to segments are presented in the standalone financial statements.

 

 

NOTE - 39 : PREVIOUS  YEAR FIGURES:

 

Previous year’s  figures have been regrouped / reclassified wherever necessary to correspond with  the current  year’s  classification  / disclosure.


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