| 1. SHARE CAPITAL
a) Terms/ rights attached to equity shares
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. The company declares and pays dividends in Indian rupees.
The dividend proposed by the Board of Directors is subject to the
shareholders in the ensuing Annual General Meeting. In the event of
liquidation of the company the holders of equity shares will be
entitled to receive remaining assets of company , after distribution of
all preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders.
2. Pursuant to the Companies Act, 2013 ("the Act") becoming effective
from 1st April, 2014, the Company has recomputed the depreciation based
on the useful life of the assets as prescribed in Schedule II of the
Act. The depreciation and amortization expense charged for the year
ended 31st March, 2015 would have been higher by Rs. 64,108/- had the
Company continued with the previously prescribed depreciation rates as
per Schedule XIV of the Companies Act, 1956. Further, in accordance
with the transitional provisions of Schedule il, the Company has
adjusted an amount of Rs. 718,637 (Net off deferred tax Rs. 322000/-
thereon) in the opening balance of retained earnings for those assets
where the remaining useful life is Nil as on 1st April, 2014.
3. Related parties and transactions with them as specified in
Accounting Standard 18 on "Related Parties Disclosure" issued by iCAI
has been identified and given below.
a) Enterprises where control exists Blackberry Property Advisory
Private Limited (Subsidiary
Company)
b) Associates and Joint Ventures -
c) Individual Owning an interest in
the voting power of the company and
their relatives -
d) Key Management Personnel and Anil Agrwal (Chairman and
their Relatives Managing Director)
Renu Agarwal (Director)
Lalit Kumar Chhawchharia
(Director)
Krishan Kumar Singh (CFO)
Parul Jain (Company Secretary)
e) Enterprises over which any person referred to in Nilgiri Mercantile
Pvt. Ltd.
(c) or is able to exercise significant influence
4. on the basis Physical verification of assets,specified in Accounting
Standard 28, and cash generation capacity of those assets management
perception there is no impairment of such assets as appearing in the
balance sheet as on 31.03.2015
5. Particulars required to be disclosed in pursuance of Accounting
Standard - 15 (revised 2005) on -Employee Benefits" as issued by the
Institute of Chartered Accountants of India is not determined and
hence, not disclosed.
6. Previous year figures have been rearranged/regrouped wherever
considered necessary.
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