| 1. Capital Work in Progress in Machine as on 31.03.2015
Rs.5,52,84,856.79 includes Total amount Rs. 79,55,178.79 (Last year Rs
33,53,960/- as interest paid during the construction period.
2. Building Construction during the year amounts to Rs. 19,87,173.20
has not been capitalised because the construction work has not been
completed.
3. Pursuant to the enactment of Companies Act 2013, the company has
applised the estimated useful lives as spcified in Schedule II, except
in respect of certain assets as disclosed in Accounting Policy on
Depreciation, Amortisation and Depletion. Accordingly the unamortised
carrying value is being depreciated over the revised/ remaining useful
lives.
4. The written down value of Fixed Assets whose lives have expired as
at 1st April 2014 have been adjusted net of tax, in the opening balance
of Profit and Loss Account amounting to Rs 1,12,600/-
5. The Gross Block of Fixed Assets includes Rs. 4,139,912 (Previous
Year Rs.4,139,912) on account of change from net block method to gross
block method since incorporation to 2004. The same amount has been
changed in the depreciation for the same period.
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