| a) Terms / Right Attached to Equity Shares
Equity Shares
In the event of liquidation of the company, the holder of equity shares
will be entitled to receive any of the remaining assets of the company,
after distribution of all preferential amounts. However, no such
preferential amounts exist currently. The distribution will be in the
number of equity shares held by the shareholders at the time of
liquidation
b) Details of Shareholders holding more than 5% share in the company
Equity Shares Fully Paid at Rs. 1/- each
1. Previous year figures have been regrouped, reworked, rearranged and
reclassified whenever necessary.
As At 31st As At 31st
March, 2015 March. 2014
2. Contingent Liabilities
Claims against the Company not
acknowledge as debts
Income tax matters 31,34,370 NIL
- It is not practicable for the
Company to estimate the timings of
cash outflow, if any, in respect of
the above pending resolution of the
respective proceedings as it is
determinable only on receipt of
decision pending with various
authorities.
3. Estimated amount of contract
remaining to be executed on
Capital Account and not provided
for the year NIL NIL
4. Amount Outstanding to SSI Units NIL NIL
5. Payments to Auditors:-
(i) Audit Fees 25000 25000
6. Segment Reporting:-
The Company has been operating significantly in a single segment.
7. There are no delays in payments to Micro, Small and Medium
Enterprises as required to be disclosed under "The Micro, Small and
Medium Enterprises Development Act, 2006."
8. Related Party Disclosure as per AS 18 (As identified by the
Management): (i) Related Party Relationship
(a) Where Control Existed NIL
(b) Key Management Personnel 1) Manoj Jain
2) A.R. Coutinho
(c) Relatives of Key Management Personnel 1) Yashu Jain
2) Manish Jain
9. Loans and Advances (annexure 1):
The company has not complied with the provisions of section 186 of the
Companies Act, 2013 by granting Loans to various parties amounting to
more than the limit prescribed under the section 186 (2) without
passing special resolution in General Meeting as required u/s 186(3).
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