You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
NOTES FORMING PART OF ACCOUNTS (CONTINUED)<br />
9. Capacities & Production<br />
Year ending st 31 -March-2006 st 31 -March-2005<br />
a. Production 40,83,339 4,565,369<br />
Exempted from licensing provision in terms <strong>of</strong> Notification No.477(E) <strong>of</strong> 25.07.91.<br />
st<br />
10.<br />
Deferred Tax Asset/Liability has not been recognized as there is a Deferred Tax Asset on the opening timing difference for the year ending 31<br />
March 2002 <strong>of</strong> the depreciation charged on the Fixed Assets and there is no virtual certainty supported by convincing evidence that sufficient<br />
future taxable income will be available against which such Deferred Tax Asset can be realized.<br />
11.<br />
Auditors Remuneration<br />
st st<br />
31 -March-2006 31 -March-2005<br />
Statutory Audit fees 375,000 275,500<br />
Tax Audit fees 125,000 99,180<br />
Other Services 25,500 11,020<br />
12. Liability for tax paid under protest Rs.4,22,130/- was disputed & contested in appeal to Income Tax Tribunal, for the prior years, was not<br />
provided. However the Income tax Appeal is disposed in the Company favour and liability is set aside. Hence there was no need to provide for<br />
the liability.<br />
13. Segment wise reporting (Rs. In Lakhs)<br />
a. The company has mainly one business segment <strong>of</strong> Medical Electronic Products.<br />
b. The company has geographical region wise segments <strong>of</strong> the customers is as shown below, region wise pr<strong>of</strong>itability can not be ascertained.<br />
Sales Revenue by Geographical segment<br />
Current Year<br />
(Rs.in Lakhs)<br />
Previous year<br />
31 Mar 06 31 Mar 05<br />
U.S.A. 5547.30 4,670.05<br />
SINGAPORE 4511.53 2,740.93<br />
GERMANY 1369.33 249.73<br />
HONGKONG 2.51 -<br />
TURKEY 18.34 26.44<br />
UNITED KINGDOM 28.75 44.14<br />
NETHERLANDS 6.16 7.97<br />
SPAIN 5.87 19.22<br />
SOUTH AFRICA 1.62 0.77<br />
UAE 4.57 1.22<br />
DUBAI 0.19 0.54<br />
ISREAL 9.07 3.96<br />
IRAN 3.41 -<br />
SAUDI ARABIA 6.99 -<br />
OMAN 1.79 -<br />
DOMESTIC 86.18 149.33<br />
58
Change language