| 1. Terms / rights attached to Equity shares
The Company has only one class of equity shares having a par value of
Re. 1 /- per share. Each equity shareholder is entitled to one vote per
share. The Company have not declared any dividends for the year under
review.
In the event of liquidation of the Company, the holders of the equity
shares will be entitled to receive the remaining assets of the company ,
after distribution of all preferential amounts. The distribution will
be in proportion to the numbers of equity shares held by the share
holders.
2. In the Opinion of the Board, all the current assets, loans and
advances have a value on realization in the ordinary course of business
at least equal to the amount stated in the Balance Sheet and all the
know liabilities have been provided for.
3. Certain Debit and Credit Balances are being subject to
confirmation.
4. The Company has shown the units of Mutual Fund "Arihant Mangal
"(Growth Scheme) under the head "Non Current Trade Investments". Due to
the Order of Hon'ble High Court, Bombay, Mutual Fund "Arihant Manga
"(Growth Scheme) was kept in abeyance. In this context, after the lapse
of many years, the Hon'ble Higt Court, Delhi, passed the Order dtd.
29/05/2013, wherein they have directed to dispose off the Mutual Fund
"Arihant Mangal"(Growth Scheme) in terms of the SEBI regulations in
full and final settlement. Accordingly the Company has surrendered its
units for redemption before the Special Committee constituted by
Hon'ble High Court, Delhi and payment to be received under its
provisional NAV.
5. The figures appearing in the Financial Statements have been
rounded off to nearest rupee.
6. Previous year's figures have been regrouped/ reclassified wherever
necessary to correspond with the curren year's classification
/disclosure.
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