| 1. Rights, preference and restriction attached to Equity Shares
(i) The company has only one class of equity shares having a face value
of Rs 10/- per share. Each holder of equity shares is entitled to one
vote per share. The company declares and pay dividends in Indian
rupees. The proposed dividend recommended by the Board of Directors is
subject to the approval of the Sharesholders.
(ii) ln 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 shares held by the
shareholders.
There were no shares reserved at the year-end for issue under options
and contracts / commitments for the sale of shares / disinvestment.
2. In the opinion of the Director, the Creditors are approximately of
the value stated, if realised in the ordinary course of the business
and there is no contingent liabilities. Provisions for all known
liabilities are made & they are adequate. The Bank Balance and Loan &
Advances are subject to confirmation and necessary adjustment, if any,
will be made on its realisation. The amount of Income Tax is subject to
reconciliation/adjustment.
3. Related Party Disclosures:
Related party disclosures as required under the Accounting Standard
(AS) 18 on "Related Party Disclosures" notified in Companies
(Accounting Standards) Rules, 2006 are given below:
Name of the Related Parties and Description of Nature of Relationship
Relationship
Particulars of Associates
* Kayel Syntex Limited Associate Company
Director as at 31st March 2014 Designation
Name
* Rakesh L. Jain Director
* Rahul K. Jain Director
* Rajkumar L Jain Director
Particulars of Relatives of Directors
* Kantilal Loonchand Relative of director
4. Corresponding figures of the Previous years has been rearranged or
regrouped wherever necessary.
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