| 1. I) Terms/Rights attached to equity shares
The Company has only one class of equity shares having a par value of '
10 per share.
Member of the company holding equity share capital therein have a right
to vote on every resolution placed before the company and right to
receive dividend.
Each holder of equity shares is entitled to one vote per share.
The Company declares dividend(If any) in Indian rupees. The dividend
proposed by the Board of Directors(If any) is subject to aproval of the
shareholder in the Annual General Meeting except in case of interim
dividend.
2.Project Participation Investment
The Company have converted 500 fully paid 7% unsecured convertible
Debentures in Agarwat Real City Pvt, Ltd of face value of Rs. 100,000/-
each aggregating to Rs. 500 lakhs in project participation investment
on the following terms.
a. The company to receive 30% lump sum payment of compensation on 31
/03 /2018.
b. The company to receive additional 10% share of profit of ARCPL over
and above minimum assured return.
c. The investment to receive back/redeemed on or before 31/03/2018
3. Other Notes & Disclosers
(i) In the opinion of Board, Current Assets, Loans & Advances have a
value of realization in the ordinary course of business, at least equal
to the amount at which they are stated.
(ii) Previous year's Figures have been rearranged and regrouped
wherever considered necessary. Figures have been rounded off to the
nearest rupees.
(iii) Prioryear's adjustments are shown net of Income, if any.
(iv) No transaction was effected during the period ended on 31st March
2015 with the small scale Industrial Undertaking and outstanding to
small scale Industrial undertaking as at the year end was Nil
(v) CIF value of Imports , Earnings in Foreign Exchange, Remittance in
Foreign Exchange, Expenditure in Foreign Exchange are NIL
(vii) Contingent Liabilities and commitments (to the extent not
Provided for) :
(a) Contingent liabilities
Outstanding guarantees and counter guarantees to various banks in
respect of the guarantees given by those banks in favor of various
government authorities and others - Nil Claims against companies not
acknowledged as debt - Nil
(b) Commitments
Estimated amount of un expected capital co ntracts -Nil
(viii) There is no pending litigations on its financial position of the
company.
(ix) Provision for short term regular expenses has been made (refer
Note-7). There is no other material foreseeable losses as required
under the applicable law or accounting standards, on long term
contracts including derivative contracts requiring Company to make
provisions thereof.
(x) There is no amounts, required to be transferred, to the Investor
Education and Protection Fund by the Company.
4. RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD -18:
a) Related parties where control : Archana Coal Pvt. Ltd.-Holding Co.
exists
b) Key Management Personnel : Shri Rajetidra Sharma, Whole Time
Director & CEO
Shri Sudama Tiwari, Director
Shri Y.P. Shukla, Director
Smt. Neelam Sharma, Director
c) Related Concern : Ad-Manum Finance Ltd.
Associates : Agarwal Fuel Corporation Pvt. Ltd.
Agarwal Transport Cotp. Pvt Ltd
Agarwal Coal Corp. Pvt. Ltd.
d) Relative(s) of Key Management Personnel * : None
e) The above information regarding related parties have been determined
to the extent such parties have
been identified on the basis of information available with the company.
f) Particulars of Transaction and balances with related parties:-
5. SEGMENT REPORTING:
The Business segment has been considered as the primary segment for
disclosure.
The categories included in each of the reported business segment are as
follows:
a. Loans to parties
b. Investment in Shares
The above business segment have been identified considering
a. The nature of service
b. The deferring risk and return
Revenues and expenses have been accounted for based on the basis of
their relationship to the operating activities ofthe segment. Revenues
and expenses, which related to the enterprise as a whole and are not
allocable -to segments on a reasonable basis have been included under
un allocable Assets / Liabilities.
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