| 1. There are no micro, small and medium enterprises to whom the company
owes dues which are outstanding for more than 45 days from the balance
sheet date. The micro, small and medium enterprises have been
identified on the basis of information available with the company. This
has been relied upon by the Auditors.
2. Estimated amount of contracts remaining to be executed on capital
account and not provided for is Rs. NIL (Py Rs.11,08,475/- )
3. Contingent Liabilities not provided for - Rs. NIL (PY Rs.NIL)
4. The company has carried out an impairment test as per 'Accounting
Standard - 28' issued by I.C.A.I on all the assets and no provision was
found to be required towards impairment of assets for the period ending
31st March, 2014.
5. The company does not have any non concealable lease arrangements.
Office premises are taken on operating lease and such lease rentals are
charged to revenue on accrual basis
6. The company is engaged in the manufacture of single product i.e
Bright Bars and its activities are confined to India. Hence there are
no reportable segments of the company.
7. Balances under the head trade receivables, long term loans &
advances, short term loans & advances, trade payables and other current
liabilities are subject to confirmation from the respective parties.
8. Previous year figures have been regrouped/ recasted/ reclassified/
re-arranged wherever deemed necessary to conform to current year's
classification.
9. Short term and long term loans & advances are approximately of the
value as stated, if realized in the ordinary course of business. The
provision for all known liabilities is adequate and is not in excess of
the amount considered reasonably necessary.
10. Amounts, due and outstanding, to be credited to Investor Education
and Protection Fund as on 31st March, 2014 - Nil. (p.y Nil).
11. Earnings/Outgoings in foreign currency:
Earnings : Rs. Nil (Previous year Nil)
Outgo : Rs. Nil (Previous year Nil)
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