1. Previous Year's figures have been regrouped and/or rearranged
wherever considered necessary. The figures have been rounded off to
the nearest of Rupee. Figures in brackets pertains to previous year.
Current Year (Rs.) Previous Year (Rs.)
2. Contingent Liabilities
not provided for :
1. Outstanding Bank
Guarantee 35,51,250 35,51,250
2. Export
Commitments 10,33,57,442 10,82,54,436
3. Directors'
Remuneration
Sitting Fees 18,000 14,800
4. Loans from Financial Institutions
If the Company commits default in payment or repayment of three
consecutive instalments of the principal amount of the loans or
interest thereon or any combination thereof, the lender shall have the
right to convert at their option the whole of the outstanding amount or
a part not exceeding 20% of the loan whichever is lower into fully paid
up shares at par.
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