| 1. Reconciliation of the number of Shares outstanding at the beginning
and at the end of the reporting period
2. The Company has only one class of equity shares having a par value
of Rs. 10 per share, each shareholder is elligible for one vote per
share. The dividend proposed by the Board of Directors is subject to
the approval of shareholders, except in case of interim dividend 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 of their shareholding.
3. Company has not alloted any bonus shares, Shares without
consideration in cash and/or bought back any equity shares during the
priod of five years immediately preceeding the Balance sheet date.
4. Wherever the vouchers / bills / invoices / challans etc. have not
been adequately supported or are missing, the Management has certified
that the transactions under question are genuine transactions. The
Auditors have accepted such certification of the management.
5. In the opinion of the Board of Directors, the value of Current
Assets, Loans and Advances have a value on realisation in the ordinary
course of business atleast equal to the amount at which, they are
stated in the Balance Sheet.
6. During the year the company has granted loan of Rs. 80.60 lacs to
the related parties and Rs. 2145.58 lacs to other parties without
charging any interest as required under the provision of Section 186 of
the Companies Act, 2013. In absence of rate of interest, the amount of
the income foregone on such advances could not be quantified in this
regard.
7. Sundry Debit and Credit balances are subject to confirmation and
reconciliation.
8. Segment Reporting:
The Company's operations covers Infrastructure, Software and Trading of
Products, however during the year the company has undertaken mainly
Trading Activities which as per Accounting Standards 17 is considered
as the only reportable business segment for the year.
9. At present the company is not liable for gratuity.
10. Earning and Outgo in foreign currency : NIL
11. As per Accounting Standard 18, the details of Related Party
disclosure is as under:
Related Party
Vishnubhai Chauhan Director
Kintu M. Raichura Director
Naresh B. Shah Director
Pradeep B. Shah Director
Chetna A. Kapadia Director
Shivaansh Estate Pvt. Ltd Associate Concern
Vastupal Steel and Spare Pvt. Ltd. Associate Concern
Vastupal Bearing Races Ltd Associate Concern
Mukta Industries Pvt. Ltd. Associate Concern
Mukta Automation Pvt. Ltd. Associate Concern
Related party relationship is as identified by the management and
relied upon by the auditors.
12. Previous year figures have been regrouped and/or rearranged
whenever necessary.
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