1. Terms / Rights attached to equity shares
The Company has one class of equity shares having a par value of Rs.
10/- 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.
During the year the company had issued 92,40,000 Equity Shares on
Convertible Shares Warrants.
9,300,000 Equity Shares out of the issued, subscribed and paid up share
capital were allotted in the last five year pursuant to the various
schemes without payment being received in cash.
During the last five years, the company has alloted 1,500,000 Equity
shares were alloted at Rs. 10/- each with a premium of Rs. 62/- each
pursuant to the prefrential issue of equity shares.
As per policy of company management, Deferred Revenue Expenditure
incurred for Prefrential & Bonuss Issue and increase in Authorised
Capital, writen off in five financial year.
Note - 22 " Notes forming part of the financial statements for the year
2. Previous year figures have been regrouped, reclassified and recast
wherever considered necessary to make them comparable with current year
3. None of the employees of the company were in receipt of
remuneration in excess of limits specified under section 217(2A) of the
Companies Act, 1956.
4. In the opinion of the Board, all the items of current assets, long
term loans and advances and other non current assets have a value on
realization in the ordinary course of the business at least equal to
the amount at which they are stated.
5. The various balances of long term loans and advances, other non
current assets, trade payables, trade receivables and other items of
current assets, as well as current and non current liabilities are
unconfirmed from the parties concerned.
6. In absence of proper information in respect of trade payables as
to their status as Micro, Small and Medium enterprises as defined in
the Micro, Small and Medium Enterprises Development Act, 2006, Company
is not in a position to state information required
7. In terms of AS-22, company has recognised deferred tax
liability/(asset) for the year as follows:
8. Additional information pursuant to part II of schedule VI of the
Companies Act 1956 to the extent applicable to the companies as
certified by the Director of the company is furnished below
9 Related Party Disclosure: Director has certify that there were no
transaction 'with Related Parties, As per Accounting Standard 18 on
"Related Party Disclosure" issued by the Institute of Chartered
Accountants Of India except the followings :-
10 Income tax provision of Rs. 3.89 Lacs had been made according to
the Income Tax Act