| 1. - Terms/rights attached to equity shares
The Company has only one class of shares having a par value of Rs 10
per share. Each shareholder is eligible for one vote per share held and
will rank pari passu with each other in all respects. The dividend, if
and when declared by the Company, will be paid in Indian Rupees after
approval of the approval of shareholders in the annual general meeting.
In the event of liquidation, the equity shareholders are eligible to
receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion in their shareholding.
2. ADDITIONAL NOTES TO THE ACCOUNTS
1 In respect of investments, no provision has been made in the accounts
for the diminution in the value of investments of Rs 0.50 lakhs.
2 Cash on hand, as at March 31, 2015, was physically verified by the
Management and a certificate in respect of such verification has been
duly furnished to the Auditors.
3 Balances of some of the bank accounts, which are inactive for a
considerable period of time, are subject to confirmation.
4 No provision for taxation has been made in the accounts in view of
the losses for the year.
5 Deferred tax liability or asset has not been recognized in the
accounts in view of the absence of any timing differences..
6 As the Company's business activity falls within a single primary
segment, the disclosure requirement of Accounting Standard 17 "Segment
Reporting", issued by the Institute of Chartered Accountants of India,
is not applicable.
7 Related party disclosures - i Name of the related party and nature of
relationship :
Ritesh H Patel Executive Director
Akash H Patel Non Executive Director
Pratik J Mehta Non Executive Director
Vijay I Patel Non Executive Director (Resigned w.e.f March 31, 2015)
Meena Mistry Non Executive Director (Appointed wef March 31, 2015)
Hem Exim Private Limited Company under the same management
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