| 1. SHARE CAPITAL
a. Rights, Preferences and Restrictions attached to Shares:
The Company has one class of Equity Shares having a face value of Rs.10
per share and one class of Preference Shares having face value of Rs.
100 per share as on March 31,2015
Each holder of Equity Share is entitled to one vote per share and are
subject to the preferential rights as prescribed under the law or those
of the preference share holders, if any.
Each holder of Equity and Preference Shares is entitled to Dividend in
proportion to their holding of shares.
2. OTHER NOTES
1 Figures have been rounded off to the nearest rupee.
2 Figures of previous year have been re-grouped and re-arranged
wherever necessary to confirm to those of current year's
classification.
3 No Depreciation is provided for the year under report as there were
no fixed assets left with the company during the year.
4 No provision for income tax have been made in the books since the
company had incurred loss in the current year and eligible to set-off
the carried forward losses of earlier years.
5 No managerial remuneration is provided or paid during the year.
6 Value of imports calculated on CIF basis - Nil
7 Expenditure in Foreign Currency - Nil
8 Earning in Foreign Currency - Nil
9 As the textile business was closed down, the capacity of production
is not applicable and no stocks are left with.
10 No commission was paid to the Managing Director. No sitting fee was
paid to the Directors.
11 Contingent Liabilities:
12 Counter Guarantee to bankers in respect of Guarantee given by the
Bankers Rs. 1 64 Lakhs (Previous year Rs. 1.64 Lakhs)
13 Earning per share : Negative
14 The information required to be disclosed under the "Micro, Small and
Medium Enterprises Development Act, 2006" has been determined to the
extent such parties have been identified on the basis of information
available with the company. Based on the information, there are no
Micro, Small and Medium Enterprises to whom the Company owes dues,which
are outstanding for more than 45 days as at 31st March, 2015.
15 No deferred tax asset has been provided in the books as there were
uncertainty about the availability of sufficient future taxable income.
16 Balances In parties account are subject to confirmation and
reconciliation, if any. In the opinion of the board, the current assets
loans and advances have a value on realization at least equal to the
amount at which they are stated. Two inoperative bank accounts are
subject to confirmation and reconciliation.
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