Thapar Ispat Ltd. के अकाउंट के लिये नोट

Jun 30, 2012

1 Interest on dues of Oriental Bank of Commerce , Punjab National Bank and PSIDC have not been provoded as negociated settlements are underway.

---

Jun 30, 2010

(1) CONTINGENT LIABILITY NOT PROVIDED FOR

In respect of Current Year Previous Year 2009-10 2008-09 (RS.)
i. Excise Duty 5.53 Lacs 5.53 Lacs

ii. Custom Duty 17.65 Lacs 17.65 Lacs

iii. Punjab State Electricity Board 25.00 Lacs 25.00 Lacs

(2) During the year the Company has repaid entire working capital loan obtained from State Bank of Patiala and State Bank of Indore under negotiated settlement reached with them. The relief and concessions received under the above negotiated settlements on account of interest and principal has been adjusted from accrued interest/other liabilities and from the working capital loan respectively.

(3) During the year the Company has repaid all Fixed Deposited along with interest under negotiated settlement.

(4) In the opinion of the Board, some of the current assets i.e. sundry debtors and loans and advances have a value on relisation in the ordinary course of business, subject to normal business risks. Further balance of certain sundry debtors, sundry creditors and loans and advances are subject to confirmation.

(5) Deferred Tax liability

No provision for deffered tax is being made because losses are very mush high & as per A-22, under such circumstances no provision to be made.

(6) The provisions of AS-18 Related party disclosure are applicable to the Company only to the extent of Directors remuneration paid to Directors.

(7) The Company is engaged in manufacture of Wire Drawing s Ferro Cement products and other are no separate segments as per As-17 "segment reporting" issued by ICAI.

(8) Figures are rounded off to the nearest rupee.

(9) Previous Period figures have been re-grouped / re-classified/ re-arranged/ re-casted , wherever necessary.