B
TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The Company has only one class of equity share having par value of Rs 1 /- per share . Each holder of Equity share is entitled to one vote per share
In the event of liquidation of the company , the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders
D.
SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH
Equity shares have not been issued for consideration other than cash
NOTE 1 OTHER NOTES ON ACCOUNTS
i Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors for the year ended 31st March 2016.
ii Loans & advances balances are subject to confirmation by the respective parties .
iii Segment Report :
The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments as per Accounting Standard 17.
iv Related Party Disclosure :
As per accounting standard 18 no information for related parties.
KEY MANAGEMENT PERSONNEL ( KMP )
1. Sagar Mal Nahata - Managing Director
RELATIVES OF (KMP) - None
ENTERPRISE IN WHICH KMP AND THEIR RELATIVES HAS SUBSTANTIAL INTEREST - None
v The Company has Complied this information based on the current information in its possession. As at Amount due to Micro Small and Medium Enterprises as on 31.03.2016 Rs. NIL ( PY Rs. NIL )
vi The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013 with their Schedule as the same is effective from 1st April, 2014
vii Provision for taxation on Income for the year has been made under the tax calculated on income under normal computation as per income tax act being higher than the tax computed under section 115JB of the income tax act.
viii No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of Gratuity Act.
ix No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.
x Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.
xi Information’s required to be furnished under paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 is given in separate Annexure.
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