Asian Bearings Ltd. के अकाउंट के लिये नोट

Jun 30, 2009

1. Related Party Disclosure

During the year, the company entered into transactions with related parties. In all related parties, Mr.PL Muthu is partner. Those transactions along with related balances as at 30th June 2009 as per details given below :

2. The Small Scale Industrial undertakings to whom the company owes a sum exceeding Rs 1 lakh or outstanding as at the year end for more than 30 days are as under:

1. Forms & Phases, 2. J.K.Engg. Diamond Works, 3. Sai Hint Wheels Pvt. Ltd., 4. Lakshmi Packaging Pvt Ltd., S.Sathya Packaging Industry, 6. Nim Auto & Mac Tool Industries, 7. Precision Enterprises, 8. Kora Industries, 9." Balaji industries, 10. G.T.K. Industrial Works, 11. S.V.P. Engineering (P) Ltd.,12. Shri Shantharaj Turning Works, 13. Premier Plastics, 14. Balaji Enterprises, 15. Millenium CNC Techology.

3. SECURED LOANS

The Company has availed term loans from Institutions and Banks and IFST Loan from SIPCOT as follows.

The above facilities are secured by equitable mortgage of all immovable properties of the Company, both present and future, hypothecation of all movables (save and except book debts) including movable machinery, machinery spares and accessories, present and future, subject to prior charges created or to be created in favor of the Company's bankers on the Company's stock of raw materials, semi-finished goods, consumable stores, tools, book debts and such other movables as may be agreed to by the lending bankers for working capital required in the ordinary course of the Company's business. The mortgage and charge referred to, will rank pari passu in favour of the Financial Institutions and five scheduled Banks. The Company's title deeds to property have been lodged with the lead Institution viz. Industrial Development Bank of India. The above facilities are personally guaranteed by the private promoters.

4. CONTINGENT LIABILITIES Nil Nil

5. Figures of the previous year have been reclassified / regrouped wherever necessary for purpose of comparison.

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Jun 30, 2008

1.The small scale Industrial Undertakings to whom the company owes a sum exceeding Rs. 1 lakh or outstanding as at the year end for more than 30days are as under:

2. 1. Forms & phases, 2. J.K.Engg. Diamond Works, 3.Sai Hint wheels Pvt, Ltd., 4.Lakshmi Packaging Pvt Ltd., 5. Sathya packaging Industry, 6. Nim Auto & Mac Tool industries 7.Precision Enterprises, 8.Kora Industries 9. Balaji Industries, 10.G.T.K Industrial Works, 11.S.V.P Engineering(P)Ltd 12.Shri Shantharaj Turning Works 13.Premier Plastics, 14.Balaji Enterprises, 15.Millenium CNC Technology.

3. CONTINGENT LIABLITIES Nil Nil

4. Figures of the previous year have been reclassified/ regrouped wherver necessary for purpose of comparison.