a) The Company has issued one class of shares i.e., equity shares which enjoy similar rights in respect of voting, payment of dividend and repayment of capital.
2. TRADE PAYABLE
Total dues of Micro & Small enterprises outstanding for more than the stipulated period is NIL.
3. CASH AND CASH EQUIVALENTS
*Fixed Deposit includes deposits for periods exceeding three months and deposit of Rs 90,000 (Previous year Rs 14,00,000) with maturity of more than 12 months.
4. Capital Advance - payment made to HSIDC for purchase of land, the possession of which has not been given to the Company as the HSIDC is in dispute over the title of the said land with the Defence Authorities.
5. Segment reporting is not applicable to the Company.
6. Related Party Disclosures:
Information about Related Party
Sr. Related Party Relationship No.
1. Continental Device India Limited Group Company
2. Delta Electronics Private Limited Group Company
b) Key Managerial Personnel
1. Dr. Gurpreet Singh Director/Promoter
2. Mr. Inderdeep Singh Director/Promoter
3. Mr. Kumar Srinivasan Wholetime Director
7. The Company has provided for Gratuity as per the Accounting Standard 15 (revised 2005). On the basis of Actuarial Valuation done as of 31st March 2014, additional gratuity liability has been created in the books of Rs 56,187 for the year.
Information regarding various benefits provided to employees:
a) Under defined contribution Plan
i) Provident Fund
ii) Employee State Insurance
b) Under Defined Benefit plan
i) Gratuity
1) The discounting rate is considered based on market yield of government bonds.
The estimate of rate of future salary increases considered takes into account inflation, seniority promotion and other relevant factors including supply and demand factors.
2) Net assets/(liabilities) recognised in the Balance Sheet as at respective year ends and experience adjustments.
8. Previous year's figures have been regrouped wherever considered necessary.