113 / 168
111
(
`
cr)
NOTE 28.1 CONTINGENT LIABILITIES
As at
March 31, 2015
As at
March 31, 2014
i) Claims against the Company not acknowledged as debts in
respects of:
a) Excise
7.25
7.21
b) Income tax
8.33
28.10
c) Sales tax
0.67
0.67
d) Customs
0.18
2.78
e) Water charges
79.84
77.03
f) Customer claims
32.35
–
g) Others
14.93
14.64
Note: Future cash outflows in respect of (a) to (g) above are
determinable on receipt of judgements | decisions pending with
various forums | authorities.
ii) Guarantees given by the Company:
Corporate guarantee to a bank on behalf of a subsidiary company
for facilities availed by it
9.25
9.98
(
`
cr)
NOTE 28.2 COMMITMENTS
As at
March 31, 2015
As at
March 31, 2014
Estimated amount of contracts remaining to be executed on capital
accounts and not provided for (net of advances)
121.86
23.57
NOTE 28.3 RESEARCH AND DEVELOPMENT
Details of expenditure incurred on in-house Research and Development facilities approved by the Department of
Scientific and Industrial Research, Ministry of Science and Technology, Government of India under Section 35 (2AB)
of Income tax Act, 1961.
(
`
cr)
Particulars
2014-15
2013-14
Capital expenditure
1.59
6.53
Recurring expenditure
17.94
16.06
19.53
22.59
(
`
cr)
NOTE 28.4 CIF VALUE OF IMPORT, EXPENDITURE,
REMITTANCES AND EARNINGS IN FOREIGN
CURRENCY
2014-15
2013-14
a) CIF value of imports:
Raw materials
371.05
387.16
Trading finished goods
15.91
28.46
Capital goods
5.83
7.68
b) Expenditure in foreign currency:
Commission
3.04
4.64
Legal and professional charges
0.03
0.02
Finance costs
4.68
6.32
Other matters
10.84
13.13
c) Other remittances:
Loan repayments
64.35
111.44
d) Earnings in foreign currency:
FOB value of exports
1,163.41
1,045.26
Notes
to the Financial Statements