1.ADDITIONAL NOTES
a. Estimated amount of the contracts remaining to be executed on
capital account and not provided for : Not ascertainable.(Previous Year
- Not Ascertainable)
b. The Company has not given any guarantee.
c. Contingent Liabilities not provided for in the books of accounts
Rs.Nil. (Previous year Rs. Nil)
d. Expenditure on employees who are in receipt of remuneration of not
less than Rs. 60,00,000/- per annum (previous year Rs. 60,00,000/- per
annum) when employed through out the year or Rs. 5,00,000/- per month
(previous year Rs. 5,00,000/- per month) when employed for part of the
year is Nil (previous year Rs. Nil.)
e. Previous year figures have been regrouped and/or reclassified
wherever necessary,
f. The figures have been rounded off to the nearest Rupee.
g. Balances in Sundry Debtors, Creditors and Loans & Advances are
subject to confirmation and reconciliation and are stated at the book
balance thereof.
h. In the opinion of the Management, the Current Assets, Loans &
Advances will fetch the amount as stated, if realized in the ordinary
course of its business.
2. TERM LOANS :
1. Allahabad Bank , Andhra Bank & Canara Bank.
Secured by way of Hypothecation of entire fixed assets of the Company
both existing and future, Equitable Mortgage of hotel properties at
Tirupur and Coonoor and Hypothecation of entire current assets of the
Company. The loan is also personally guaranteed by the Managing
Director & Executive Director of the Company.
2. Axis Bank Limited
Secured by way of hypothecation of the Vehicle of the Company.
3. The Company has called for details of applicability from trade
parties from the provisions of Micro,Small and Medium Enterprises
Development Act,2006, However no reply has been received from any of
the parties, In view of the above no disclosure is made under Micro,
Small and Medium Enterprises Development Act,2006.
. Related Party Transactions.
The following are the transactions with related parties in terms of
Accounting Standard 18 Issued by the ICAI.
Key Managerial Personnel Interested Concerns
Sri.E.V.Muthukumararamalingam - Managing m/s. Shree Vallee Enterprises
Director Private Limited
Sri.M.R.Gautham - Executive Director
Sri.B.A.Madhusudan - Whole-Time Director
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