| 1.1 During the year Authorised capital is increased to Rs.200 lacs
incorporating 50000 10.5% Cumulative Redeemable Preference Shares of
Rs. 100/- each aggregating Rs.50 lacs
1.2 During the year 5000, 10% cummulative Redeemable preference shares
of Rs.100/- each (series II) have been redeemed out of the proceeds of
fresh issue of 5000 12% cummulative Redeemable preference shares of
Rs.100/- each (series III)
1.3 There is no change in outstanding number of Equity as well as 12%
Preference shares Series I and Series II and also in list of
shareholder holding more than 5% Shares as at 31.03.2015 and 31.03.2014
2.1 Based on the information available with the Company regarding the
status of suppliers as defined under MSMED Act, 2006, there was no
principal amount overdue and no interest was payable to the Micro,
Small and Medium Enterprises on 31th March, 2015 as per the terms of
contract.
b) Defined Benefit Plan
The Employees Gratuity Fund Scheme managed by L.I.C. is Defined Benefit
Plan. The present value of obligation is determined based on actuarial
valuation provided by L.I.C.
3 CONTINGENT LIABILITIES: As At As At
31.03.2015 31.03.2014
Claims against the Company not
acknowledged as debts. 520,951 520,951
Arrear of Dividend on 12% Cumulative Redemable 448,274 -
Preference Shares for the year 2014-15 (Excluding Dividend Tax)
4 Directors have paid on maturity date dividend of Rs. 32380/-
(including Dividend Tax ) on 10% 5000 Cumulative Redeemable Preference
shares of Rs. 100/- each out of accumulated past profits.
5 Figures of previous year have been regrouped and recast to conform
to the layout of the accounts for the current year.
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