| 15.2.1 There are no Micro, Small and Medium Enterprises, as defined in
the Micro, Small and Medium Enterprises Development Act, 2006 to whom
the Company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made. The
above information regarding Micro, Small and Medium Enterprises has
been determined to the extent such parties have been identified on the
basis of the information available with the company.
15.2.2 As per the best estimate of the management, no provision is
required to be made as per Accounting Standard (AS -29) as notified by
Companies (Accounting Standard) Rules, 2006 in respect of any present
obligation as a result of a past event that could lead to probable
outflow of resources, which would be required to settle the obligation.
15.2.5 In the opinion of the Board, the provisions for known
liabilities are adequate and current assets in the ordinary course of
business have a value at least equal to the amount at which they are
stated.
15.2.7 In accordance with the Accounting Standard (AS-28) on
"Impairment of Assets" the Management during the year carried out an
exercise of identifying the assets that may have been impaired. On the
basis of this review carried out by the management, there was no
impairment loss on fixed assets during the year ended March 31, 2011.
15.2.14 The disclosure requirements in respect of Accounting Standard
18 on "Related Party Disclosures" are as under:
Key Management Personnel Mr. Abhishek Mehta
Mr. Karsan Chitroda
15.2.15 Figures for the previous year have been regrouped /
reclassified wherever necessary.
15.2.16 Additional Information as required under Part IV of Schedule VI
to the Companies Act, 1956.
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