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.
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