a. Terms / rights attached to equity shares
“The Company has only one class of equity shares having a par value of Rs. 10 per share.
Each holder of equity shares is entitled to one vote per share.The Company declare and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.
During the year ended March 31, 2018 amount of Dividend per share recognised as distributions to equity shareholders is Rs. 0.50 (March 31,2017: Rs.0.50)”
1. Deferred Tax Liablities (Net)
In compliance with Accounting Standard (AS-22) relating to 'Accounting for taxes on income' issued by the Institute of Chartered Accountants of India, the Company has provided the deferred tax liability accruing during the year aggregating to Rs 309,600/- in the Profit & Loss Account. Deferred Tax Liability (Net) of ` Rs. 1,96,47,455/- shown in the Balance Sheet as on 31.03.2018 comprises of the following:
**The Information relating to Micro & Small enterprises as envisaged under the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues on account of prinicipal and interest not forthcoming from the respective parties.
1. Other Current Liabilities
Note: 1 Disclosure pursuant to Note no 6 (G) of Part I of Schedule III to the Companies Act 2013.
A. Related Party Transactions: Related party Disclosures, as required by Accounting Standard 18 – “Related Parties Disclosures” by the Institute of Chartered Accountants of India are as given below.
All related party transactions during the year, in the ordinary course of business, were on arm’s length basis.
B. Cash and cash equivalents:
Cash and cash equivalents consist of cash on hand, demand deposits and short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value. For this purpose, “short-term” means investments having maturity of twelve months or less from the date of investment. Bank overdrafts that are repayable on demand and form an integral part of our cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows.
C. Forfeiture of shares: The company has issued notices to the shareholders for payment of calls in arrears on various dates, after the issue of said notices the company is left with unpaid capital of Rs 46,600/- unpaid on 9,320 equity shares @ Rs 5/- share. The company after taking approvals from stock exchange, the said share capital is written off accordingly in books.
D. Managerial Remuneration:
E. The Figures of the previous years have been re-grouped/re-arranged wherever necessary.
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