| 1. Right & restriction attached to equity shareholders:
The company has only one class of equity shares having a face value of
Re. 1/- each (Previous Year of Rs. 10/- ea ch). Every shareholder is
entitled for one vote per share. The dividend proposed by the Board of
Director is subject to the approval of shareholders are entitled to to
receive the remaining assets of the company, after distribution of all
prefential amounts, in proportion of their shareholding.
2. B- NOTES TO THE ACCOUNTS
1) The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) Below are the name of the shareholders holding more than 5% of
Shares of the company
3) All the investments made by the company are valued at Cost .
4) Managerial Remuneration: NIL
5) The inventories of the company are valued as per cost price and
market price which ever is less.
6) Deffered tax arising on account of timing differeance and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
7) All schedules annexed to and form integral part of the Balance She
et and Profit & Loss Account.
8) Minimum Alternative Tax (MAT) is recognised as an asset only whe n
and to the extent there is convicing evidence that the company will pay
normal income tax during the specefied period. The Company reviews the
same at each balance sheet date and writes down the carrying amount of
MAT Credit Entilement to the extent there is no longer convicing
evidence to the effect that company will pay normal Income Tax during
the specified period.
9) Value of Import on CIF Basis Nil
10) Earnings in Foreign Exchange (FOB Value) Nil
11) Expenditure in Foreign Currency Nil
12) The Company has no employee to whom the provisions of section 217
(2A) of the Companies Act, 1956 are applicable.
3. The Company sub-divided the face value of equity shares from Rs. 10/-
to Re. 1/- as per the provision of Companies Act 2013.
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