Notes to Accounts of Wellwin Industry Ltd.

Mar 31, 2014

Note - 1: Previous years figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2013

1 Corporate information

The Company was incorporated as public limited company in 29th day of June 1995. The managing director of the company is Shri.R.Rajagopalan and other directors are Shri.R.Kaiyanaraman, Shri.S. Chandrasekaran and Shri.T.Ranganathan. The company was engaged in the business to carry on scientific and other research in communications, Electronics and Electrical Engineering fields. The company is currently having its registered office at E, 5th Floor, Lakshmi Bhavan, No.609, Mount Road, Chennai - 600006

NOTE -2: PREVIOUS YEARS FIGURES

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2012

Corporate information

The Company was incorporated as public limited company in 29th day of June 1995. The managing director of the company is Shri.R.Rajagopalan and other directors are Shri.R.Kalyanaraman, Shri.S. Chandrasekaran and Shri.T.Ranganathan. The company was engaged in the business to carry on scientific and other research in communications, Electronics and Electrical Engineering fields. The company is currently having its registered office at E, 5th Floor, Lakshmi Bhavan, No.609, Mount Road, Chennai - 600006

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Mar 31, 2010

1. Secured Loans

The company has entered in to a memorandum of settlement with Ms. Chitra Constructions Ltd for sale of Land & Building after obtaining consent of the share holders through postal ballot during April 2007.

They have settled entire dues under one time settlement due to Bank of India and Union Bank of India. Therefore there are no Secured Loans Outstanding during the current year.

2. Inventories:

The company has no activity from 15.12.2007. Hence there are no inventories.

3. Investments in Subsidiary Company

The Investments represents un-quoted shares in M/s. Alcaste India Limited which is a 100% Subsidiary of this Company. Based on the Memorandum of Understanding, the parent company received on advance Rs 9.40 Crores which is used for payment of Subsidiary companys Bank outstandings with Bank of India and State Bank of Travancore. Therefore the Investments in the form of shares have been transferred to M/s. Chitra Constructions Pvt. Ltd., or its nominees on 23.04.2008. Since the investments have been disposed off, the difference between value of investments and sale considerations is claimed as loss by the company.

4. Related party dis-closures

There are no related party transactions during the current year.

5. Segmental Reporting

Since there are no activities during the current year there is nothing to report on this issue.

6. Deferred Tax

Deferred Tax has been provided in accordance with AS -22.

7. Earnings Per Share

Since there is no Net profit after Tax, the earnings per share is NIL.

8. Contingent Liabilities

a. Disputed claims against the company towards income tax not acknowledged as debts - Rs 1.51 Crores.

b. Bank Guarantees given - NIL

c. Bills Discounted with the banks under Bills Discounting facilities - NIL

d. Interest arrears due to Bank of India and Union Bank of India not charged in books - NIL

e. Guarantees given by the company - NIL

9. Quantitative Details

Since there is no manufacturing activity with inventory being NIL, no details are furnished.

10. Foreign Currency Transactions

Since there are no imports or exports, there are no foreign currency transactions during the current year.

11. Others

Accounts are prepared for a period of 12 months. Previous year figures have been regrouped wherever necessary.

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Mar 31, 2009

1. Quantitative Details

Manufacturing activity discontinued after 15.12.07. Hence quantitative details not furnished.

2. Foreign Currency Transaction

There are no imports or exports during the current year.

3. Others

The accounts are presented for a period of 12 months. Previous year figures have been regrouped wherever necessary.