| 1. Earning Per Share
Basic & Diluted earning per equity share have been worked out in
accordance with AS-20 "Earnings Per Share". Basic and diluted earnings
per equity share has been calculated by dividing Net profit of Rs.
77.47 lacs by 3791700 equity shares (Face Value of Rs. 10/- each)
NOTE
The Liability Provided as on 31.03.2015 is Rs. 59.51 lakhs as against
Rs. 39.62 lakhs worked out above. The difference of Rs. 19.89 lacs is
under process of reconciliation and shall be adjusted thereupon.
Compensated absences
The Company provides for the encashment of leave or leave with pay
subject to certain rules. The employees are entitled to accumulate
leave subject to certain limits, for future encashment. The liability
is provided based on the number of days of unutilized leave at each
balance sheet date.
2. Sales Offices
Company having following sales offices during the period in India:
Bhopal, Anand, Chickli, Raipur, Bhilai, Bilaspur, Malegaon, Dhulia,
Nashik, Amrawati, Sangamner, Narayangaon, Loharu, Barabanki, Jaipur,
Ajmer, Nawalgarh, Palsana, Sonipat, Mohali, Pathankot, Kathua.
3. Disclosure Under Micro, Small & Medium Scale Enterprise
Development Act, 2006
The Company has already initiated the process of identification Micro,
Small & Medium Scale Enterprises covered under Micro, Small & Medium
Enterprises Act, 2006 but yet to finalise the process. In view of low
number of suppliers and non receipt of critical inputs & response from
such potential parties, the liability of interest if any, can not be
reliably estimated. In the Management's view and past experience, the
company will not be liable to pay interest as prescribed under the
Micro, Small & medium Scale Enterprise development Act, 2006.However
during the year there were delayed payments due to financial crisis on
which interest has been paid. There is no claim of interest unpaid to
such entities at the year end.
4. In the opinion of the Board Of Directors, Fixed Assets, Current
Assets, Loans & Advances are approximately of the value as stated, if
realized in the ordinary course of business except otherwise specified.
The provisions for all known liabilities are adequate and not in excess
of the amount which is reasonably necessary.
5. As per information given by the management, Excise Duty is Not
applicable to the company.
6. All Balances of sundry debtors and creditors are subject to
confirmation.
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