| 1 General information
The Company is the Holding Company of Laadki Trading and Investments
Limited which is a Non-Banking Financial Company (NBFC) within the
meaning of the Reserve Bank of India (Amendment) Act, 1997 categorized
as NBFC not accepting public deposits and engaged in loan and
investment activity.
2 In the opinion of the Board of Directors, the current assets are not
less than the value stated if realized in the ordinary course of
business. Provisions for all known liabilities are adequate and not in
excess of the amount reasonably necessary. No personal expenses have
been charged to revenue account.
3 The Board of Directors in the meeting held on 28th March, 2013
approved the voluntary delisting of the Equity shares of the Company
from The Bombay Stock Exchange Limited. The same has been informed to
the Stock Exchange vide letter dated 28th March, 2013. Majority of the
shareholders, vide the results declared of the postal ballot conducted
u/s 192 A of the Company's Act, 1956, have given consent to the
voluntary delisting of the Equity shares of the Company.
4 R. Vaidyanathan has been appointed as an additional Director on the
Board of Directors of the Company with effect from 28th March, 2013. He
has been receiving professional fees from Laadki Trading and
Investments Limited, a subsidiary company. Consequent to his
appointment as director, the professional fees paid to him for the
period 28th March, 2013 to 31st March, 2013 amounting to Rs. 14,839/-
are subject to the approval of the members vide a special resolution
under section 314 of the Companies Act, 1956 to be passed at the
forthcoming annual general meeting of the Company.
5 Based on the information available with the Company, there are no
outstanding dues to any supplier of goods and services beyond the
specified period under Micro, Small and Medium Enterprises Development
Act, 2006. There is no interest payable to any suppliers under the said
Act.
6 Segment information:
The Company operates in a single business segment of trading in
commodities and derivative products. All the assets and liabilities of
the Company are located in India.
7 Related Party Disclosures:
(i) Identity of related parties Subsidiary company Laadki Trading and
Investments Limited
(ii) Transaction with related parties
There are no transactions during the year with the above related party.
8 The Company does not have any derivative instrument outstanding or
any monetary assets or liabilities denominated in foreign currency as
at the year-end.
9 The Company does not have any earnings or expenditure in foreign
currencies during the year.
10 The previous rears figures have been reclassified wherever
necessary
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