| 1. Nil Shares out of the issued, subscribed and paid up share capital
were allotted as Bonus Shares in the last five years by capitalisation
of Securities Premium and Reserves.
2. Nil Shares out of the issued, subscribed and paid up share capital
were allotted in the last five years pursuant to the various Schemes of
amalgamation without payment being received in cash.
3. Shares out of the issued, subscribed and paid up share capital were
allotted on conversion / surrender of Ni| Debentures and Bonds,
conversion of Term Loans, exercise of warrants, against Global
Depository Shares (GDS) and re-issue of forfeited equity shares, since
inception.
4. Shares out of the issued, subscribed and paid up share capital held
by Subsidiaries do not have Voting Rights and are Nil not eligible for
Bonus Shares.
5. Shares out of the issued, subscribed and paid up share capital were
allotted as fully paid-up Bonus Shares by way of capitalisation of
reserves.
6. Rights, preferences and restrict ions attaching to equity shares:
entitled to one vote per shares. Each share is entitled to equal
dividend declared by the company and approved by the share holders of
the Company.
In the event of liquidation, each share carry equal rights and will be
entitled to receive equal amount per share out of the remaining amount
available with the company after making preferential payments.
7. Depreciation of Rs. 91,82,092.00 for the assets having WDV but
having useful life "Nil" under the provision of the Schedule II of the
Companies Act, 2013 has been passed trough the reserve and surplus
during the year after providing suitable value for "Salvage Value" as
per the provisions of Companies Act, 2013.
8. The Term Loan Facility from State Bank of Bikaner and Jaipur is
secured by way of:
a) First charge over entire fixed assets of the company present and
future of the company.
b) First charge by way of equitable mortgage by way of deposit of
original title deeds of company's Factory Land and Building at Plot No.
F-5 (B,C,D) RIICO Industrial Area, 2nd Phase, Boranada, Jodhpur,
Rajasthan.
9. The Working capital facilities [Both fund and Non Fund] availed
from the bank, are secured by way of first charge ranking pari passu on
current Assets i.e. Hypothecation of Stocks of Raw Materials,
Work-in-Progress, Finished Goods, Stores & Spares and Book Debts and
2nd charge on Fixed Assets of the Company [Except specifically charged
for Term Loan]
10. RELATED PARTY DISCLOSURE
As per Accounting Standard - 18, the disclosure of Transactions with
the related parties are given below: A. Key Management Personals and
their relatives
(i) Enterprises Owned or Controlled By KMP's
DHARA FABRICS PVT. LTD.
K D S TEXTILES PVT LTD.
(ii) Key Management Personnel
POONAM SURESH JAIN SURESH DHANRAJ JAIN
(iii) Relatives of Key Management Personnel
AJAY LODHA AJAY LODHA HUF J. K. KOTHARI TWINKLE JAIN
MOHAN SINGH SANJAY KUMAR HUF
SURESH KAWAD HUF
SHAKUNTALA LODHA
ANITA JAIN
SAMYAK JAIN
SANJAY PATHAK
MAHENDRA KAWAD
RAMESH KAWAD
11. As informed by the Management of the company and as per our
observation under audit, no Contingent liabilities and commitments
against the company is pending on which provision is required to be made
or deferred for the current financial.
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