1. The holders of equity shares are entitled to receive dividend as
declared from time to time and are entitled to voting rights
proportionate to their shareholding at the meeting of shareholders.
2. Convertible Preference Shares are convertible into Equity Shares at
par at the option of the shareholders and subject to the approval of
the relevant authorities.
3. 10,00,000 equity shares of Rs. 10/- each issued during the year
ended June 30, 2012 are subject to lock-in period of three years from
the date of allotment as per SEBI Regulations, 2009.
As at As at
Particulars 31st March, 31st March,
2015 2014
(Rs.) (Rs.)
4. Contingent liabilities and commitments
(to the extent not provided for)
(a) Claims against the Company
not acknowledged as debt NIL NIL
(b) Estimated amount of contracts
remaining to be executed on capital
account and not provided for (Net of advance) - 1,305,780
5. The Company has not received the required information from suppliers
requiring their status under the Micro Small and Medium Enterprises
Development Act 2006. Hence disclosures if any relating to amounts
unpaid at the year-end together with interest paid/payable as required
under the Act has not been made.
6. The operations of Company pre-dominantly consist of one segment i.e.
Job Work and sale of PET jars / bottles and caps. Therefore, segment
wise reporting as per AS -17 "Segmental Reporting " is not required.
7. Based on an overall assessment of the fixed assets, in the opinion
of the management there is no impairment of cash generating assets
during the year in terms of AS-28 'Impairment of Assets'.
8. In the opinion of Board and to the best of their knowledge, value on
realisation of assets, other than fixed assets in the ordinary course
of business shall not be less than the amount at which they are stated
in the balance sheet (except expressly disclosed elsewhere in the
notes) and provision for all known liabilities has been made and
contingent liabilities disclosed properly.
9. Disclosure of Employee Benefits defined in AS-15 (Revised) is as
follows:
a) Defined Contribution Plan :(i) Employer's contribution to provident
fund paid Rs. 4,64,221/- (previous year Rs. 1,91,260/ -) has been
recognized as expense for the year.(ii) Employer's contribution to
Employees State Insurance paid Rs. 1,81,228/- (previous year Rs.
96,326/-) has been recognized as expense for the year.
10. Related party disclosures:
Related party disclosures in accordance with the AS -18 on 'Related
Party Disclosure' as prescribed by the Companies (Accounting Standards)
Rules, 2006 are given as hereunder:
(i) Key Management Personnel and their relatives:
Mr. Upendra Datt Tripathi Managing Director
Ms. Akshat Maheshwari CS
Mr. Ashok Kumar Singh CFO
Mr. D.S. Sethi (Ceased to
exist as releated party w.e.f. 1 July,2013) Managing Director
Mr. D.S. Sethi, HUF (Ceased to
exist as releated party w.e.f. 1 July,2013) HUF of Mr. D.S. Sethi
Mrs. Shelly Sethi (Ceased to exist
as releated party w.e.f. 1 July,2013) Wife of Mr. D.S. Sethi
No Transaction with related parties during the year.
Note:- Related parties and their relationship are as identified by the
management and relied upon by the auditors.
11. Balances standing to the account of some parties are subject to
confirmation/ reconciliation and consequential adjustments if any, upon
confirmation/ reconciliation. However , management have the view that
same would not having any material impact ; if any.
12. Provision for Income-Tax has been made as per the normal provisions
of Income-tax Act,1961.
13. The previous year's figures are for nine months and the current
period figures are for twelve months, and are therefore not comparable
14. Previous year figures have been reclassified/ regrouped to confirm
to this years' classification. Previous year figures have been rounded
off to the nearest rupee.
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