|
PARTICULARS Category
1. - Related Party Disclosure
Mr. Suresh Shastry Key Management Personnel
Mr. Satish Shastry Key Management Personnel
Mr. Umesh Shastry Key Management Personnel
Mrs. Supriya S. Key Management Personnel
Mrs. Hema Satish Relative of Key Management Personnel
Mr. Aneesh Shastry Relative of Key Management Personnel
Mrs.Kamala Kashinath Relative of Key Management Personnel
Master Sachin Shastry Relative of Key Management Personnel
Mrs. Shailaja Suresh Relative of Key Management Personnel
2. The financial statements have been prepared in consonance with the
Schedule III to the Companies Act, 2013, to the extent possible, for
presentation and previous year's figures have been accordingly
regrouped wherever necessary to conform to the current year's
classification.
3. Figures have been rounded off to the nearest rupee.
4. Expenditure in Foreign Currency : Rs. NIL (Previous Year Rs. NIL)
5. Earnings in Foreign Currency:
- F.O.B. Value of Exports Rs. 20.93 lakhs (Previous Period Rs. 22.18
lakhs)
6. Segment Reporting:
The Company is operating in Forgings & Castings which is treated as
related products since both falls under automotive industry. The risk
and rewards are not independent of each other. Therefore the Company is
operating in one segment and hence no disclosure as per A.S 17 -
"Segment Reporting" is made.
7. Contingent Liability:
The company is yet to receive certain C-forms for the interstate sales
made. In case if the company fails to receive the same, there will be
an estimated outflow of funds to the extent of Rs.6.13 lakhs (Previous
Year - Rs.1.67 lakhs)
The notes above form an integral part of the financial statements.
This is the notes to accounts referred to in our report of even date.
|