| 1 a. Details of Shareholding as at March 31, 2014 Shareholders holding
more than 5% of Equity Shares:
* 24,86,430 (PY: 21,91,639) Equity Shares of Rs.10/- each held by
Mr.Rushabh Shah.
b. Each Equity Share is entitled to one voting right only.
c. In the event of liquidation of the company, the holders of equity
shares will be entitled to receive assets remaining, after distribution
of all preferential amounts.
2. [a] Loan from Directors would not be recalled before end of one year
from 31st March, 2014.
[b] As there is no schedule for repayment in the interim period, the
company has not defaulted.
3. CONTINGENT LIABILITIES & COMMITMENTS:
As informed to me by the Management, there are no contingent
liabilities in the under considerat:
4. Foreign exchange loss (net) of Rs. NIL/- (Previous year Rs. NIL/-)
has been included in respective heads of the Statement of Profit and
Loss.
5. SEGMENT REPORTING :
There are no segments in the year under consideration; hence there is
nothing to report under this clause.
Note: Related Parties Relationship is as identified by the company and
relied upon by the Figures in the brackets represent previous year
figures.
6. There are no leases in the year under consideration.
7. During the year under consideration, the management has represented
that the inventory lying in the Factory Premises which was within the
possession of the Bank has been lost.
However, there has been no correspondence/documents produced before us
stating the above fact.
8. The Balances of Sundry Debtors, Creditors, Deposits and Loans &
Advances are accepted as appearing in the Ledger Accounts and subject
to confirmation from individual parties concerned, due adjustments, if
any will be made there on. Management is confident of receiving all the
sums due. The provisions for all known liabilities and for depreciation
is adequate and not in excess of the amounts reasonably necessary.
9. In the opinion of the board the current assets, loans and advances
are approximately of the values stated in the Balance Sheet, realized
in the ordinary course of business.
10. In the absence of declaration from sundry creditors / suppliers
with regard to their status as SSI Undertaking wherever appropriate, it
is not possible to determine the amount, payable to sundry creditors
falling within the meaning of SSI Undertaking.
11. Disclosure under Micro, Small and Medium Enterprises development
Act, 2006. The Company has not received any memorandum ( as required to
be filed by the suppliers with notified authority under the Micro,
Small and Medium Enterprises development Act, 2006) claiming their
status as micro, small and medium enterprises. Consequently the amount
paid/payable to these parties during the period under review is NIL.
12. Previous Year Figures have been regrouped &
reclassified/rearranged wherever necessary.
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