The Company has one class of equity shares having a par value of Rs. 10/- per share (PY Rs 2/- per share). Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.
(16) Estimated amount of Contract to be executed (Net of Advances) Rs. 336.55/- (March 31, 2023: Rs. 336.55/ -)
(17) Contingent Liabilities not provided for NIL (2023: NIL)
Current Ratio: Decrease in Current Assets as compare to previous year due to reduction in balance with bank in current account due to utilisation for purchase / advance for fixed assets.
Debt - Equity Ratio: is Increased due to increase in unsecured loan.
Note: As the company has no operations, these ratios are not comparable.
(21) There are No Foreign Exchange transactions in the current year (2023: Rs.NIL)
(22) The Company did not have any Transactions with companies struck off under section 248 of the Companies Act 2013 and Section 560 of The Companies Act, 1956 during the year.
(23)
The Company has not received any intimation from Suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence the disclosure, if any, relating to amounts unpaid as at the year end together with interest paid/ payable as required under the said Act have not been given.
(24) Scheme of Arrangement
During the year under review the proposed Scheme of Amalgamation between the Parthiv Corporate Advisory Pvt Ltd ("Transferor Company) and Inland Printers Limited ("Transferee Company") was filed before the National Company Law Tribunal, Mumbai on receipt of In- Principal approval from BSE Ltd ("BSE") on 2nd November, 2023.
Thereafter the Scheme was approved by the shareholders and creditors of the Company in a separate meeting held on 27th March, 2024 as per the directions of the National Company Law Tribunal, Mumbai ("NCLT") vide their order dated 13th February, 2024.
The Company Scheme Petition is admitted by the NCLT is now pending before the NCLT for final hearing and disposal. The Appointed date of the Scheme is 1st January, 2023.
(25) Segment Reporting
The Company is exclusively engaged in providing E-commerce activity relating to printing business The business segment constitutes one single primary segment in the context of Indian Accounting Standard 108 on Segment Reporting notified by the Companies Accounting Standard Rules 2006 (as Amended).
(26) No Transaction to report against the following disclosure requirement as notified by MCA pursuant to amended schedule III:
a Crypto currency and virtual currency
b Benami Property held under Prohibition of Benami Transactions Act 1988 and rules made thereunder c Registration of charges or Satisfaction with registrar of Companies d Relating to borrowed funds:
i) Willful defaulter
ii) Utilization of borrowed funds and share premium
iii) Borrowing obtained on the basis of security of current assets
iv) Discrepancy in utilization of borrowings
v) Current maturity of Long-Term Funds
(27) Previous year figures
Previous Year's figures have been regrouped/ reclassified, wherever necessary, to correspond with the current year's classification/disclosures.
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