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2 Contingent Liabilities not provided for:<br />
a) Letters of Credit/Bills Discounted and Guarantees issued (Rupees in lakhs)<br />
Particulars<br />
As at<br />
31.03.2011<br />
As at<br />
30.09.2009<br />
i) Letters of Credit/Bills Discounted 37,300.47 25,187.36<br />
ii)<br />
iii)<br />
iv)<br />
Counter Guarantees given to Bankers towards:<br />
- Bank Guarantees issued 874.52 1,178.28<br />
Corporate Guarantees furnished on behalf of <strong>Sujana</strong> Universal<br />
Industries Ltd<br />
Corporate Guarantees furnished on behalf of <strong>Sujana</strong> Universal<br />
Industries Ltd [USD Nil (30.09.2009: USD 49.17 lakhs)].<br />
v) Joint Corporate Guarantee executed by the Company with <strong>Sujana</strong><br />
Universal Industries Ltd and <strong>Sujana</strong> Towers Limited in favour<br />
of Alpha Ventures Ltd and <strong>Sujana</strong> Holdings Ltd, wholly owned<br />
subsidiary of the Company and <strong>Sujana</strong> Universal Industries Ltd<br />
respectively [USD 650 lakhs(30.09.2009: USD 650 lakhs)].<br />
53,115.00 10,860.00<br />
— 2,376.39<br />
29,022.50 31,414.50<br />
b) Disputed Taxes (Rupees in Lakhs)<br />
Particulars 2009-11 2008-09<br />
i) Excise Duty 1,888.95 1,182.66<br />
ii) Customs Duty 593.59 622.71<br />
iii) TNVAT/APGST/APVAT/CST* 4,286.66 12,037.22<br />
iv) Income Tax — 267.01<br />
v) FERA** 630.00 630.00<br />
* Excludes Rs.8,050.49 lakhs disputed tax pertain to APGST for the year 2004-05 and APVAT<br />
for the years from 2005-06 to 2007-08 set aside by High Court of Andhra Pradesh in favour of<br />
the Company. Consequential revision orders has to be passed by the CTO, Sri Nagar Colony,<br />
Hyderabad.<br />
** Against which bank guarantee of Rs.215 lakhs has been issued and Rs. 100 Lakhs has been<br />
deposited.<br />
3. (Rupees in Lakhs)<br />
Particulars 2009-11 2008-09<br />
Estimated amount of contracts remaining to be executed on capital<br />
account and not provided for [net of advances of Rs.20,384.22 lakhs<br />
(30.09.2009: Rs.6,018.94 lakhs)]<br />
9,079.74 3,264.27<br />
4 Employee Benefits<br />
a) The company liability on account of Employee benefits comprising Gratuity- a defined benefit<br />
scheme and compensated absences has been determined in accordance with the requirements<br />
of Accounting Standard (AS)-15 notified by the Companies (Accounting Standards) Rules, 2006.<br />
Disclosures required in terms of the requirement of AS-15.<br />
: : 107 : :
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