Amal Ltd 2012-13

Amal Ltd | Annual Report 2012-13 Notes to financial statements ( in ‘ 000) Sr Particulars As at As at No March 31, 2013 March 31, 2012 ` (e) The amount of further interest remaining due and payable - - even in the succeeding year, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under Section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. Above disclosures have been made based on information available with the Company, for suppliers who are registered as Micro, Small and Medium Enterprise under "The Micro, Small and Medium Enterprise Development Act,2006 as atMarch31,2013.The auditors have reliedupon in respect of thismatter. (i) Provident fund (ii) State defined contributionplans - Employers' contribution toEmployees' state insurance - Employers' contribution toEmployees' Pension Scheme 1995 The provident fund and the state defined contribution plan are operated by the Regional Provident Fund Commissioner. Under the scheme, the company is required to contribute a specified percentage of payroll cost to the retirement benefit scheme to fund the benefits.These funds are recognizedby the income tax authorities. The company has recognized the following amounts in the Statement of Profit and Loss for the year: 34. EMPLOYEEBENEFITS (a) Definedcontributionplans: ( in ‘ 000) Sr No Particulars 2012-13 2011-12 ` 1 Contribution to Provident Fund 140 131 2 Contribution to Employees Pension Scheme 1995 72 70 3 Contribution to Employees State Insurance 74 65 (i) Gratuity (ii) Leave Encashment The Gratuity Fund ismaintainedwith the LICof India under GroupGratuity Scheme. Leave Encashment is payable to eligible employees who have earned leaves,during the employment and | or on separation as per the Company's policy. (b) Definedbenefitplans: