b) Terms/ Rights attached to Equity Shares
The company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company.
c) Shares held by holding/ ultimate holding company and/ or their subsidiaries/ associates - NIL
d) Bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date - NIL
e) Details of shareholders holding more than 5% shares in the company
a) The Company has circulated letters to all its suppliers requesting them to confirm whether they are covered under the Micro, Small and Medium Enterprises Act, 2006 ('MSMED'). However from the majority of the suppliers these confirmations are still awaited. Hence disclosure relating to amount unpaid as at the yearend together with interest paid/payable as required under the said act has not been made.
b) In accordance with "Accounting Standard 22", the Deferred Tax Assets of Rs. 9,47,913/- (Previous year deferred tax Assets Rs. 30,14,479/-) for the year has been recognized in the Profit & Loss Account.
NOTE: 1 OTHER DISCLOSURES
a) Sundry Creditors, Receivables and Loans and Advances for which confirmations are yet to be received. Provision for doubtful debts, if any, in respect of above and the consequential adjustments, arising out of reconciliation will be made at the appropriate time. The object & purpose of loans & advances given to various parties is not on record. No interest is also recovered.
b) In the opinion of the Management and to the best of their knowledge and belief the value under the head of Current and Non Current Assets (other than fixed assets and noncurrent investments) are approximately of the value stated, if realized in ordinary course of business, except unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered reasonably necessary.
c) The Company has reclassified previous year figures to conform to this year's classification. The adoption of Schedule III does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet.
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