Sri Nandaa Spinners Ltd. के अकाउंट के लिये नोट

Mar 31, 2010

1. There is pending dispute with Cotton Corporation of India for Rs. 19,13,148.00 and the dispute is referred to arbitration by Honorable Madras High Court and arbitration award is pending. In fact the company has claimed refund of Rs. 8,69,090.55 which is lying with them as deposit.

2. There was a pending dispute with Central Excise authorities before the Customs, Excise and Service Tax Appellate Tribunal, Chennai for Rs.81.38 Lakhs and the case was set aside for re-hearing with commissioner of central Excise authorities, Pudhucheri.

3. PERFORMANCE OF THE COMPANY: Nil

4. GENETIC NAME IF THREE PRINCIPAL PRODUCT/SERVICE OF THE COMPANY: