| Authorised Share Capital - 4,20,00,000 equity shares ofRs. 5/- each
fully paid Issued, Subscribed & Paid up Capital- 3,89,04,400 equity
shares ofRs. 5/- each fully paid Company has sub divided equity shares
such that each existing Equity Shares in the Authorized Share Capital
of the face value ofRs. 5/-(Rupees Five) each of the Company be and is
hereby sub-divided into 5(five) equity shares of the face value ofRs.l/- (Rupees One) each
1.1 The Company has only one class of equity shares at par value ofRs.
5/- per share. Each holder of Equity shares is en titles to one vote
per share
1. Estimated value of Contract outstanding on Capital accounts Rs. NIL
2. Expenditure incurred relating to Public Issue is amortized over a
period of 10 years.
3. Preliminary expenses shown in Balance sheet under miscellaneous
Expenditure will be amortized from the year the Company commences
commercial activity/ production.
4. In the opinion of the Board Current Assets, Loans and Advances will
fetch the amount stated, if realized in the ordinary course of business
5. Preoperative Expenditure pending Capitalization will be allocated
on completion of project.
6. Previous Year Figures have been regrouped or rearrange wherever
necessary.
(1) Balances of Sundry Creditors, Sundry Debtors, Advances, Deposits,
Secured and Unsecured Loans are as per the book and subject to
confirmation and reconciliation from respective parties.
(2) In the opinion of the Board of Directors Current Assets, Loans and
Advances are approximately of the same value if realized in the
ordinary course of business. The provisions for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
(3) There are no amounts due to be credited to Investor Education and
Protection Fund.
(4) Earning in Foreign Exchange at F.O.B. Value: Rs. Nil (Rs. Nil].
(5) Expenses in Foreign Currency at CIF Value: Rs. Nil (Rs. Nil].
(6) Value of Imports on CIF basis accounted for during the year: Rs.
Nil (Rs. Nil).
(7) Security Deposit made with Coimbatore Stock Exchange at the time
of Public Issue, is still with the Coimbatore Stock Exchange. .
(8) Fixed Deposits made with Bank of Madura as lien for the Letter of
Credit in favour of Import of Machinery for which no interest accrued
is accounted for.
As per attached report on even date
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