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(G)
RETIREMENT BENEFIT :
Contribution to provident fund and family pension fund are
charged to the profit & los ; account as incurred.
Contribution for gratuity is made on the basis of amount
determined by the Life Insurance Corporation of India under
the Group Gratuity Scheme, as applicable, are charged to the
Profit & Loss Account.
Provision for earned leave due is made in the accounts
( H )
RESEARCH & DEVELOPMENT
Revenue axpenditure on Research and Development is charged
against the profit of the year in which it is incurred
Capital expenditure on Research & Development is shown as an
addition to fixed assets.
N
CONTINGENT LIABILITY :
Liability for entry tax in some states has not been provided
for since the claim have rot been received by the company.
Outstanding bank guarantee given by the company s. Nil
previous year Rs.65,00,(00) on account of provisional assessment of
of excise duty.
3
Income Tax assessment has been completed up to A. Y. 1997-98. The Company has won all
its appeals before C.I.T. Appeals. However, the Department appeals are pending before
TAT. Additional demand, if any would be known only after the disposal of appeals.
4
The company has started a new unit at Agartala (Tripura)
which commenced its commercial production on 23 rd November 1993.
Previous year figures, including quantitywise details have
been regrouped, rearranged wherever necessary, to make them comparable
"SUNDRY DEBTORS" INCLUDES
(A) Debis due from firms an's companies in which Directors are
interested
NAME OF FIRM
AMOUNT DUE
MAXIMUM AMOUNT
AS ON
DUE
31.03.2000 31.03.1999 31.03.2000
31.03.1999
: M/s Meenakshi Stores
.CO 158863.44 153096.8
399625.15
2 M/s Satya Pal Shiv Kumar
.CO 155009.18 190029.86
1096199.67
3 Mis Flosyn Fragrances
748105 (0
2898609 00
484418.22
4 Mis Dharampal Satyapal L d.
30890.(:0
65066.00
5 M/s. Baba Global Lid.
560840.86 881158.61 1983811.00
5856881.69
6 M/s Toppers Marketing Pv: Lid
0.UO
29294.00
7 M/s Baba Global Inc.
1114018.59
991366.66
6Baba Asia Limited
0.00
1087002.98
9 M/s SRW Machinen india id.
791558.00
600000.00
Source: https://www.industrydocuments.ucsf.edu/docs/invj0223

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