27. CONTINGENT LIABILITIES
As at
As at
31.03.2014
31.03.2013
`
in million
`
in million
FYDMVEJOH NBUUFST TFQBSBUFMZ EFBMU XJUI JO PUIFS OPUFT
a) In respect of bills discounted with the Company’s Bankers
37.86
73.72
b) Counter guarantees issued in respect of guarantees issued by Company’s bankers
56.00
Nil
D *O SFTQFDU PG &YDJTF %VUZ 4BMFT 5BY 4FSWJDF 5BY $VTUPN %VUZ %FNBOET QFOEJOH
before various authorities and in dispute
101.49
63.94
E *O SFTQFDU PG QFOEJOH JODPNF UBY EFNBOET
o
In respect of Consumer Cases
25.21
16.00
In respect of disputed Electricity Demand pending with appellate authorities.
–
9.41
29. PARTICULARS OF SALES & STOCKS
Value
(
`
in million)
Year ended
Year ended
31.03.2014
31.03.2013
a) Opening Stock
Tiles
1445.18
1201.99
b) Purchases
Tiles
4,294.49
3973.45
c) Sales
Tiles (Manufactured)
16213.82
13206.77
Tiles (Trading)
4011.11
4111.68
Power
18.00
17.35
d) Closing Stock
Tiles
1095.90
1445.18
B &TUJNBUFE BNPVOU PG DPOUSBDUT SFNBJOJOH UP CF FYFDVUFE PO $BQJUBM "DDPVOU
and not provided for (Net of advances)
556.20
54.62
b) Letters of Credit opened in favour of inland/overseas suppliers (Net)
983.22
732.84
28. COMMITMENTS
Notes on
Accounts
30.
As per policy of the Company for Directors and other senior employees the Company has, during the year, paid a sum of
`
5
million on account of insurance premium under the employer employee policy obtained on the life of key directors and the same
lies debited under the head ‘Insurance Charges’. The policy may be assigned in the name of the insured in future. In such an
event of assignment of the policy, the same shall be treated as perquisite in the hands of the key personnel.
31.
#BMBODFT PG DFSUBJO EFCUPST DSFEJUPST MPBOT BOE BEWBODFT BSF TVCKFDU UP DPOmSNBUJPO
32.
In the opinion of the Management current assets, loans and advances have a value on realisation in the ordinary course of
CVTJOFTT BU MFBTU FRVBM UP UIF BNPVOU BU XIJDI UIFZ BSF TUBUFE FYDFQU XIFSF JOEJDBUFE PUIFSXJTF
33.
(SBUVJUZ BOE 0UIFS 1PTU &NQMPZNFOU #FOFmU 1MBOT
5IF $PNQBOZ IBT B EFmOFE CFOFmU HSBUVJUZ QMBO (SBUVJUZ CFJOH BENJOJTUFSFE CZ B 5SVTU JT DPNQVUFE BT EBZT TBMBSZ GPS
FWFSZ DPNQMFUFE ZFBS PG TFSWJDF PS QBSU UIFSFPG JO FYDFTT PG NPOUIT BOE JT QBZBCMF PO SFUJSFNFOU UFSNJOBUJPO SFTJHOBUJPO
5IF CFOFmU WFTUT PO UIF FNQMPZFF DPNQMFUJOH ZFBST PG TFSWJDF 5IF (SBUVJUZ QMBO GPS UIF $PNQBOZ JT B EFmOFE CFOFmU TDIFNF
XIFSF BOOVBM DPOUSJCVUJPOT BSF EFQPTJUFE UP B (SBUVJUZ 5SVTU 'VOE FTUBCMJTIFE UP QSPWJEF HSBUVJUZ CFOFmUT 5IF 5SVTU 'VOE IBT
taken a Scheme of Insurance, whereby these contributions are transferred to the insurer. The Company makes provision of such
gratuity asset/liability in the books of accounts on the basis of actuarial valuation as per the Projected unit credit method. Plan
assets also include investments and bank balances used to deposit premiums until due to the insurance company.
88
Kajaria Ceramics Limited
