Inlac Granston Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1.1 Terms/rights attached to shares

The Company has one class of equity shares having apart value offer. 10/- each. Each shareholder is eligible for one vote per share held. In the event of liquidation the equity share holders are eligible to receive remaining assets of the company after distribution of all preferential amount in proportion to their shareholders.

2. Contingent liabilities not provided for:

a. Guarantees/Counter guarantees Rs. Nil lacs (Rs. Nil lac) given by the Company.

3. Estimated amount of contracts remaining to be executed on capital account (net of advances) and not provided for: Rs Nil (Rs. Nil).

4. Due to the violence and illegal strike by the workers the Company was forced to declare a lock-out w.e.f. 13.05.1998. No provision in respect of terminal payment to the employees including of gratuity has been made amounting to Rs. 7.50 lacs and Rs 0.68 lacs respectively. No provision for wages during the lock-out period is deemed necessary.

5. Additional information pursuant to the provisions of the paragraphs 3. 4C, 40 of Part 11 of Schedule VI to the Companies Act, 1956 are not applicable.

6. Unsecured loans are interest free. -

7A. Previous year''s figures have been regrouped and rearranged wherever necessary.

8. Figures in brackets denote figures for previous year.