Uniworth International Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. The Company has transferred during the financial year 2002-03 its Leased Imported Fixed Assets to the lessee mpany (Export Oriented Unit) at Book Value Rs. 1064.21 Lacs with its liability towards Term Loan taken from the Financial Institutions amounting Rs. 1844.51 Lacs. As per terms of sanction from Ministry of Commerce, Government of India the Company shall be liable to pay the applicable duties on import (amount not ascertained) in case the lessee company loses its identity as an export-oriented unit. The Company is in process of and fulfilling the documentary obligations with the Regulatory Authority for transferring these liabilities to the transferee company

2. The company''s net worth has been fully eroded due to accumulated losses including the loss for the year. However the accounts are presented on the basis applicable to "Going Concern" as the Management is of the opinion that the Going Concern assumption is on the basis of foreseeable future.''

3. The Company has applied from time to time to Reserve Bank of India for extension/set off of certain overdue bills and sale of certain investment where their approvals are required.

4. In preparation of these Accounts, cognizance has not been taken by the Company of a Debit Note sent by a body corpo rate within the year end, indicating the unilateral transfer back by the said body corporate of all the assets which were transferred to them on 01.04.2000, together with all existing and underlying securities/charges as part of the restructuring scheme formulated by ICICI, in view of the various judicial proceedings pending at this juncture. However, the Company has been legally advised to deal with the above transfer back only after final disposal of the process of adjudication by the Court.

5. The Company''s has not recognized Deferred Tax Assets (Net) as per Accounting Standard - 22 regarding "Accounting for Taxation" in view of consistent losses and of uncertainty regarding estimation of future profit with reasonable certainty.

6. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary and practicable. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

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Mar 31, 2013

1. The Company has transferred during the financial year 2002-03 its Leased Imported Fixed Assets to the lessee mpany (Expor Oriented Unit) at Book Value Rs. 1064.21 Lacs with its liability towards Term Loan taken from the Financial Institutions amounting Rs.1844.51 Lacs. As per terms of sanction from Ministry of Commerce,Government of India the Company shall be liable to pay the applicable duties on import (amount not ascertained) in case the lessee company loses its identity as an export-oriented unit. The Company is in process of and fulfilling the documentary obligations with the Regulatory Authority for transferring these liabilities to the transferee company.

2. The company''s net worth has been fully eroded due to accumulated losses including the loss for the year. However the accounts are presented on the basis applicable to "Going Concern" as the Management is of the opinion that the Going Concern assumption is on the basis of foreseeable future.''

3. The Company has applied from time to time to Reserve Bank of India for extension/set off of certain overdue bills and sale of certain investment where their approvals are required.

4. In preparation of these Accounts, cognizance has not been taken by the Company of a Debit Note sent by a body corporate within the year end, indicating the unilateral transfer back by the said body corporate of all the assets which were transferred to them on 01.04.2000, together with all existing and underlying securities/charges as part of the restructuring scheme formulated by ICICI, in view of the various judicial proceedings pending at this juncture. However, the Company has been legally advised to deal with the above transfer back only after final disposal of the process of adjudication by the Court.

5. The Company''s has not recognized Deferred Tax Assets (Net) as per Accounting Standard – 22 regarding "Accounting for Taxation" in view of consistent losses and of uncertainty regarding estimation of future profit with reasonable certainty.

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Mar 31, 2012

Note :

i) Rs. 2586.76 Lacs (as on 31.03.09 Rs.2586.76 Lacs) representing overdue Export Bills outstanding for long. The company has realized from such Debtors. only Rs. 293.79 Lacs being first yearly installment out of 20 yearly installments pursuant to decree of Court. The Company has also filed an appeal for reduction/ variation of the period of time' which has since been rejected by the Court.

ii) Rs. 299.28 Lacs (Previous year Rs.299.28 Lacs) representing overdue Export Bills outstanding for long that will be set off against import liabilities' claims and commission etc. of the respective parties.

iii) Rs 123.41 Lacs (Previous year Rs.123.41) Lacs representing overdue Export Bills outstanding for long against which the management has taken appropriate steps for its recovery.

iv) Due to uncertainty in realization' no adjustment for foreign exchange gains amounting Rs.370.33 lacs arising out of the above export bills has been considered in accounts.

v) Balances of Debtors are subject to confirmation.

NOTES TO THE FINANCIAL STATEMENTS

1. The Company has transferred during the financial year 2002-03 its Leased Imported Fixed Assets to the lessee Company (Export Oriented Unit) at Book Value Rs. 1064.21 Lacs with its liability towards Term Loan taken from the Financial Institutions amounting Rs. 1844.51 Lacs. As per terms of sanction from Ministry of Commerce' Government of India the Company shall be liable to pay the applicable duties on import (amount not ascertained) in case the lessee company loses its identity as an export-oriented unit. The Company is in process of and fulfilling the documentary obligations with the Regulatory Authority for transferring these liabilities to the transferee company.

2. The company’s net worth has been fully eroded due to accumulated losses including the loss for the year. However the accounts are presented on the basis applicable to “Going Concern" as the Management is of the opinion that the Going Concern assumption is on the basis of foreseeable future.

3. The Company has applied from time to time to Reserve Bank of India for extension/set off of certain overdue bills and sale of certain investment where their approvals are required.

4. In preparation of these Accounts' cognizance has not been taken by the Company of a Debit Note sent by a body corpo rate within the year end' indicating the unilateral transfer back by the said body corporate of all the assets which were transferred to them on 01.04.2000' together with all existing and underlying securities/charges as part of the restructuring scheme formulated by ICICI' in view of the various judicial proceedings pending at this juncture. However' the Company has been legally advised to deal with the above transfer back only after final disposal of the process of adjudication by the Court.

5. The Company’s has not recognized Deferred Tax Assets (Net) as per Accounting Standard – 22 regarding “Accounting for Taxation" in view of consistent losses and of uncertainty regarding estimation of future profit with reasonable certainty.

6. The financial statement for the year ended 31st March' 2011 had been prepared as per the then applicable' pre-revised Schedule VI to the Companies Act 1956.Consequent to the notification of Revised Schedule VI under the Companies Act 1956' the financial statements for the year ended 31st March' 2012 are prepared as per Revised Schedule VI. Accordingly' the previous years figures have also been reclassified to conform to this year’s classification. The adoption of Revised Schedule VI for previous years figures does not impact recognition and measurement principles followed for preparation of financial statements.

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Mar 31, 2010

1. Contingent Liabilities not provided for in respect of

The Company has transferred during the financial year 2002-03 its Leased Imported Fixed Assets to the lessee Company (Export Oriented Unit) at Book Value Rs. 1064.21 Lacs with its liability towards Term Loan taken from the Financial Institutions amounting Rs. 1844.51 Lacs. As per terms of sanction from Ministry of Commerce, Government of India the Company shall be liable to pay the applicable duties on import (amount not ascertained) in case the lessee company loses its identity as an export-oriented unit. The Company is in process of and fulfilling the documentary obligations with the Regulatory Authority for transferring these liabilities to the transferee company.

2. Investment includes Rs.32.64 Lacs in a company and Current Assets includes Rs. 565.10 Lacs amounts receivable from Companies which have become Sick and registered/referred to BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985. No provision has been considered necessary by the management at this stage.

3. The companys net worth has been fully eroded due to accumulated losses including the loss for the year. However the accounts are presented on the basis applicable to "Going Concern" as the Management is of the opinion that the Going Concern assumption is on the basis of foreseeable future.

4. a) Sundry Debtors includes:

i) Rs. 2586.76 Lacs (as on 31.03.09 Rs.2586.76 Lacs) representing overdue Export Bills outstanding for long. The company has realized from such Debtors only Rs. 293.79 Lacs being first yearly installment out of 20 yearly installments pursuant to jdecree of Court. The Company has also filed an appeal for reduction/variation of the period of time, which has since been rejected by the Court.

ii) Rs. 299.28 Lacs (Previous year Rs.299.28 Lacs) representing overdue Export Bills outstanding for long that will be set off against import liabilities, claims and commission etc. of the respective parties.

iii) Rs 123.41 Lacs (Previous year Rs.123.41) Lacs representing overdue Export Bills outstanding for long against which the management has taken appropriate steps for its recovery. -

b) Due to uncertainty in realization, no adjustment for foreign exchange gains amounting Rs.384.32 lacs arising out of the above export bills has been considered in accounts.

5. The final settlement in respect of sales claims and commissions provided during the year 2002- 03 for Rs. 804.00 lacs is still pending and the necessary adjustment for such claims and commissions will be made after finalisation on receipt of necessary approval from the concerned regulatory authorities.

6. a) Interest provision on borrowing from some of the banks has been made in the accounts at prevailing/estimated rates applicable on such loans on simple interest basis. The impact of compound interest/ Penal charges wherever applicable Could not be ascertained.

b) The outstanding balances of Working Capital facilities from some of the banks are subject to receipt of confirmation/ statements.

c) Certain Banks and Financial Institutions have taken legal recourse for recovery of their dues from the company.

7. The claim receivable includes Rs. 57.21 Lacs (Previous year Rs.57.21 Lacs) due from various banks on account of excess interest charged by them in earlier years are subject to confirmation. However, the Banks have not disputed the claims.

8. The Company has applied from time to time to Reserve Bank of India for extension/set off of certain overdue bills and sale of certain investment where their approvals are required.

9. Balances of Debtors, Loans and Advances and Creditors are subject to confirmation. Necessary adjustments, if any, are made in Sundry Debtors and Sundry Creditors on completion and identification of respective adjustment / reconciliation.

10. There are no outstanding dues payable to SSI undertaking, which are outstanding for more than 30 days.

11; "In preparation of these Accounts, congnizance has not been taken by the Company of a Debit Note sent by a body corporate within the year end, indicating the unilateral transfer back by the said body corporate of all the assets which were transferred to them on 01.04.2000, together with all existing and underlying securities/charges as part of the restructuring scheme formulated by ICICI, in view of the various judicial proceedings pending at this juncture. Howerver, the Company has been legally advised to deal with the above transfer back only after final disposal of the process of adjudication by the Court.

12. The Companys has not recognized Deferred Tax Assets (Net) as per Accounting Standard - 22 regarding "Accounting for Taxation" in view of consistent losses and of uncertainty regarding estimation of future profit with reasonable certainty.

13. Related Party Disclosures :

Related Party disclosure as required by AS-18, "Related Party Disclosures" are given below : a) Relationship:

i) Subsidiary Uniworth Biotech Ltd.

ii) Associates Uniworth Textiles Ltd.

iii) Key Management Personnel Mr. Mahesh Sharma

iv) Relative of Key Management Personnel —

v) Enterprises over which Key Management Personnel & their relatives exercise significant influence —

e. Previous Years figures have been regrouped/rearranged wherever considered Necessary, and figures in brackets relate to previous year.

f. Schedule 1 to 7 and 12 form part of the Balance Sheet as at 31st March 2010 and Schedule 8 to 12 form part of the Profit & Loss Account for the period ended on that date.