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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 201 9

31 Contingent Liabilities not provided for in respect of : ( ` in lakhs)
Particulars As at 31st As at 31st
March, 201 9 March, 201 8
) i Claims against the Company/disputed liabilities not acknowledged
as debt. 5.14 5.14
ii) As per Sales Tax Authorities 39.63 -
iii) Show cause notice / demands of Excise Authorities in respect of Excise Duty
& Service Tax not acknowledged by the Company and are contested
/ appealed / replied. 419.50 419.50
iv) Guarantees Issued by Banks 605.05 865.10
v) Letter of Credit Unexpired 1,312.31 252.55

32 Capital Commitments :

The estimated amount of contracts remaining to be executed on capital
account (Net of Advances) and not provided for 737.15 22.35

33 Research & Development Expenses :
Particulars 201 8 - 201 9 201 7 - 201 8
a) The following are included under Research &
Development Expenses in the Statement of Profit and Loss :
i) Salaries,Wages and Bonus 81.98 81.04
ii) Contribution to Provident and other funds 5.29 5.32
iii) Staff and Workmen Welfare Expenses 3.46 1.77
iv) Legal and Professional Fees 6.96 8.23
b) Aggregate Expenses :
Aggregate amount incurred on specific expenses :
i) Salaries,Wages and Bonus 1,116.21 1,113.08
ii) Contribution to Provident and other funds 66.98 60.95
iii) Staff and Workmen Welfare Expenses 90.77 100.87
iv) Legal and Professional Fees 121.15 130.91

34 Leases
a) The Company has taken ceratin equipments and office premises under opearting lease or on rental basis.This
contract is not non-cancellable and a period ranging between 11 months and above and are renewable at the
mutual consent on mutually agreeable terms.The rent/lease charges paid in accordance with this agreement is
debitedtothestatementofprofitandlossfortheyear.
b) The Company has given its equipments and office premises under opearting lease or on leave and licence basis.
These agreements are generally not non-cancellable and for a period ranging between 11 months and above
and are renewable at mutual consent on mutually agreeable terms.The company has taken refundable interest
free security deposits in accordance with the agreed terms. The rent received in accordance with these
agreementsiscredited tothestatementofprofitandlossfortheyear.

123
NOTES TO THE ACCOUNTS