SRS Limited (RHP) - Karvy

SRS Limitedb) Year ended March 31, 2010 :The Company has been generally regular in depositing with appropriate authorities undisputedstatutory dues including Provident Fund, Investor Education and Protection Fund, Employees’State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty andCess and any other material statutory dues applicable to it, though there has been a slight delay ina few cases.c) Year ended March 31, 2011 :The Company has been generally regular, in depositing with appropriate authorities undisputedstatutory dues including Provident Fund, Investor Education and Protection Fund, Employees’State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty andCess and any other material statutory dues applicable to it.G. Contingent Liabilities:(Rs. in mn.)Particulars As at March 31,2011 2010Claims against Company not acknowledged as debt (excludinginterest & penalty, if any) for Legal Cases5.16 1.69H. Other Notes on Accounts:1. Estimated amount of contracts remaining to be executed on capital account and not provided for:(Rs. in mn.)Particulars As at March 31,2011 2010Capital Commitment 0.83 92.322. In the opinion of the management, the value on realization of current assets, loans & advances in theordinary course of business would not be less than the amount at which they are stated in the BalanceSheet and provisions for all known liabilities has been made.3. Consolidated Cash Flow for the period includes following amounts due to acquisition of interest inwholly owned Subsidiary on March 31, 2010:- Rs.0.05 millions being the net difference on account of following Assets and Liabilities of SRSJewells Limited:Particulars(Rs. in mn.)Current Liabilities 0.04Provision 0.020.06Less: Deferred Tax Assets 0.010.05- Rs.631 arise as Capital Reserve on acquisition of SRS Jewells Limited.4. During the Financial Year 2010-11, company has purchased commercial sites aggregating Rs. 179.51million from HUDA in open auction scheme announced by HUDA for Commercial Site / School Siteat Faridabad and Palwal for which Rs. 44.94 million has been paid during the year and amount of Rs.134.61 million payable shown as “Deferred Credit Payment” under the head “Current Liabilities”which will be paid in half / yearly installments over specified period.Company has got the allotment letters alongwith possession of the above sites, the legal title of whichwill be transferred in the name of the Company after making the payment of full consideration.208