UBE Industries Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1. The figures are rounded off to the nearest rupee and previous year figures have been regrouped/rearranged wherever necessary.

2. CONTINGENT LIABILITY

Income Tax Liability pertaining to the assessment year 1993-1994 is Rs. 36,20,286/- and the company has preferred an appeal before the income Tax appellate Tribunal, no provision is made in this regard since the appeal is pending. (Previous Year Rs. 36,20,286/-)

3. As per information and explanations given to us, during the financial year no expenditure incurred in Foreign Currency (inflow and outflow)

4. The Company has no information as to whether any of its suppliers constitute Small Scale Industries undertaking and therefore the amounts due to such suppliers have not been identified.

5. Pursuant to the approval given by the shareholders to take up the new activities, the company has taken up the project to Assemble Automobiles as its plant under Automobile Division, since the project is under implementation; all the expenditure incurred during construction period is treated as preoperative expenditure.

6. The company has declared Multiple Option Security Premium (MSOP) in lieu of dividend for the Equity Shareholders up to the year 1995-96 at the Annual General Meeting held on 26th September 1996 for Rs. 3,71,64,000/-. The company is outstanding for dispatch of MSOP Warrants for want of approval from Securities Exchange Board of India, Income Tax Department and the Company Law Board, since the declaration of MSOP was not specified by the Companies Act, 1956.

7. Preliminary expenses and public expenses will written off over a period of 10 years.

8. As explained to us that the company''s business activity falls within a turnkey projects and manufacturing of special purpose tools which fall under single business segment viz., engineering, the disclosure requirements of Accounting Standard 17 – Segment reporting issued by The Institute of Chartered Accountants of India is not applicable.

9. Relative parties disclosures as requirements of Accounting Standard 18 issued by The Institute of Chartered Accountants of India is as annexed herewith.

10. As per information and explanations given to us, Additional information as required under Part – II of Schedule VI of the Companies Act, 1956, that the company is not having any manufacturing activities and doing contract works, hence product wise details not given or not applicable.

11. Additional Information pursuant to Part IV of Schedule VI to the Companies Act, 1956.

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Mar 31, 2010

1. The figures are rounded off to the nearest rupee and previous year figures have been regrouped/rearranged wherever necessary.

2. CONTINGENT LIABILITY

Income Tax Liability pertaining to the assessment year 1993-1994 is Rs.36,20,286/- and the company has preferred an appeal before the income Tax appellate Tribunal, no provision is made in this regard since the appeal is pending. (Previous Year Rs.36,20,286/-)

3. As per information and explanations given to us, during the financial year no expenditure incurred in Foreign Currency (inflow and out flow)

4. The Company has no information as to whether any of its suppliers constitute Small Scale Industries undertaking and therefore the amounts due to such suppliers have not been identified.

5. Pursuant to the approval given by the shareholders to take up the new activities, the company has taken up the project to Assemble Automobiles as its plant under Automobile Division, since the project is under implementation; all the expenditure incurred during construction period is treated as preoperative expenditure.

6. The company has declared Multiple Option Security Premium (MSOP) in lieu of dividend for the Equity Shareholders up to the year 1995-96 at the Annual General Meeting held on 26th September 1996 for Rs.3,71,64,000/-. The company is outstanding for dispatch of MSOP Warrants for want of approval from Securities Exchange Board of India, Income Tax Department and the Company Law Board, since the declaration of MSOP was not specified by the Companies Act, 1956.

7. Preliminary expenses and public expenses were not written off during the year amounting to Rs.44,01,929/-(Previous year Rs.44,01,929/-) since the company does not have commercial operations.

8. As explained to us that the company''s business activity falls within a turnkey projects and manufacturing of special purpose tools which fall under single business segment viz., engineering, the disclosure requirements of Accounting Standard 17 – Segment reporting issued by The Institute of Chartered Accountants of India is not applicable.

9. Relative parties disclosures as requirements of Accounting Standard 18 issued by The Institute of Chartered Accountants of India is as annexed here with.

10. As per information and explanations given to us, Additional information as required under Part – II of Schedule VI of the Companies Act, 1956, that the company is not having any manufacturing activities and doing contract works, hence product wise details not given or not applicable.

11. Additional Information pursuant to Part IV of Schedule VI to the Companies Act, 1956 as annexed herewith.

12. Generic Names of Three Principal Products/Services of the Company (As per monetary terms) We have examined the above cash flow statement of UBE Industries Limited of the year ended 31st March, 2010. The above statement has been prepared by the company in accordance with the requirement of Clause 32 of the Listing Agreement with the Stock Exchange and is in agreement with the corresponding profit and loss accounts and Balance sheet of the Company.

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Mar 31, 2009

1. The figures are rounded off to the nearest rupee and previous year figures have been regrouped/rearranged wherever necessary.

2. CONTINGENT LIABILITY

Income Tax Liability pertaining to the assessment year 1993-1994 is Rs.36,20,286/- and the company has preferred an appeal before the income Tax appellate Tribunal, no provision is made in this regard since the appeal is pending. (Previous Year Rs.36,20,286/-)

3. As per information and explanations given to us, during the financial year no expenditure incurred in Foreign Currency (inflow and out flow)

4. The Company has no information as to whether any of its suppliers constitute Small Scale Industries undertaking and therefore the amounts due to such suppliers have not been identified.

5. Pursuant to the approval given by the shareholders to take up the new activities, the company has taken up the project to Assemble Automobiles as its plant under Automobile Division, since the project is under implementation; all the expenditure incurred during construction period is treated as preoperative expenditure.

6. The company has declared Multiple Option Security Premium (MSOP) in lieu of dividend for the Equity Shareholders up to the year 1995-96 at

the Annual Genera! Meeting held on 26th September 1996 for Rs.3,71,64,000/-. The company is outstanding for dispatch of MSOP Warrants for want of approval from Securities Exchange Board of India, Income Tax Department and the Company Law Board, since the declaration of MSOP was not specified by the Companies Act, 1956.

7. Preliminary expenses and public expenses were not written off during the year amounting to Rs.44,01,929/-(Previous year Rs.44,01,929/-) since the company does not have commercial operations.

8. As explained to us that the companys business activity falls within a turnkey projects and manufacturing of special purpose tools which fall under single business segment viz., engineering, the disclosure requirements of Accounting Standard 17 - Segment reporting issued by The Institute of Chartered Accountants of India is not applicable.

9. Relative parties disclosures as requirements of Accounting Standard 18 issued by The Institute of Chartered Accountants of India is as annexed herewith.

10. As per information and explanations given to us, Additional information as required under Part - II of Schedule VI of the Companies Act, 1956, that the company is not having any manufacturing activities and doing contract works, hence product wise details not given or not applicable.

11. Additional Information pursuant to Part IV of Schedule VI to the Companies Act, 1956 as annexed herewith.

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Mar 31, 1996

Confirmation from some of the Sundry Debtors/Creditors and other receivables are yet to be received.

Expenditure in Foreign Currency incurred during the year : Rs.34,680/- pertaining to Foreign Travel Expenditure.

Provision for Dividend

The provision of Rs.41,00,000 as Dividend pertains to the previous year 1992-93

Previous year's figures have been regrouped/re-classified wherever necessary to confirm to current year's classification.

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Mar 31, 1995

2. Unsecured Loans

The Unsecured Loans are from the Managing Director of the Company.

3. Share Application money, the money lying with the collecting bankers and accounts with refund bankers are subject to reconciliation.

4. Details of licence capacity and installed capacity are not applicable as production has not yet commenced.

9. Foreign Exchange Earnings: Nil

10. Provision for Dividend:

The provision of Rs. 41,00,000 as Dividend pertains to the year 1992-93.

11. Previous year's figures have been regrouped/rearranged/reclassified wherever necessary to conform to current year's classification.

12. During the year the Company executed Export Contracts amounting to Rs. 7,20,80,497/-. The value of boughtout items and off-loading items met directly by the foreign buyer has been shown as expenditure in the Profit and Loss account. The net earning has been retained by the buyer as retention towards performance guarantee.

14. Figures are rounded off to the nearest rupee.

15. Schedules A to I form part of the Balance Sheet.

16. The requirements of clauses 3(i), 4A & 4C of Part II of Schedule VI of Companies Act, 1956 are not applicable as production has not commenced.

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Mar 31, 1994

Unsecured Loans

The Unsecured Loans are from the Managing Director of the Company.

Share Application money, the money lying with the collecting bankers and accounts with refund bankers are subject to reconciliation.

Details of licence capacity and installed capacity are not applicable as production has not yet commenced.

Confirmation from some of the Sundry Debtors/Creditors and other receivables are yet to be received.

Commission and brokerage was paid during the year towards procurement of share application money.

Provision for Dividend:

The provision of Rs.41,00,000 as Dividend pertains to the previous year.

Previous year's figures have been regrouped/rearranged/re classified wherever necessary to conform to current year's classification.

During the year the Company executed Export Contracts amounting to Rs.5,65,44,515/-. The value of boughtout items and off-loading items met directly by the foreign buyer has been shown as expenditure in the Profit and Loss account. The net earning has been retained by the buyer as retention towards performance guarantee.

The requirements of clauses 3(i), 4A & 4C of Part II of Schedule VI of Companies Act, 1956 are not applicable as production has not commenced.

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Mar 31, 1993

1. During the year the Company executed an Export contract amounting to Rs.4,14,84,993. The value of boughout items and off-loading items amounting to Rs.3,72,07,986 met directly by the foreign buyer has been shown as expenditure in the Profit and Loss Account. The net earning of Rs.42,77,007 has been retained by the foreign buyer as retention towards performance guarantee.

2. Share Application money and the interest thereon receied from collecting Banks and balance will collecting banks, refund banks and balances with other related agencies are subject to reconciliation.

4. Details of license capacity and installed capacity are not applicable as production has not yet commenced.

5. Travelling expenses in foreign currency incurred during the year are Rs.1,57,445.

6. Advance for Capital Expenditure includes advances to Directors, consisting of Rs.7,54,200 paid to Mr. K. Neelmohan Rao an Rs.5,82,398 (pertaining to previous year) paid to Mr. D. S. Sharma.

7. As this is the first year of commencement of business operations, figures of previous year Profit & Loss Account are not given.

8. Foreign exchange earnings - Nil.

9. Previous year figures are regrouped wherever necessary so as to confirm to that of the current year.

10. Figures are rounded off to the nearest rupee.

11. Schedule A to G form part of the Balance Sheet.

12. the requirements of clauses 3(i), 4A & 4C of Part II of Schedule IV of Companies Act, 1956 are not applicable as production has not commenced.