Mar 31, 2015
1 Corporate Information
Allied Computers International (Asia) Limited, (beari ng CIN no.:
L72900MH2002PLC135829), to promote notebook specialist Brand " ACi "The
Registered office and Corporate office of the Company is located at
Shop No. 104, Citi Mall, New Link Road, Andheri - West, Mumbai - 400
053. The corporate office houses sophisticated and most advanced sales,
marketing and service/repairs facilities. The service facility
facilitates service and repairs of any brand of laptops received within
Mumbai and its Shares are listed on Bombay stock exchange, Mumbai.
(a) Shares allotted as fully paid up by way of bonus shares (during 5
years preceding March 31, 2015)
The Company have not allotted bonus shares during the 5 preceding
financial year by the capitalization of Securities Premium and
Reserves.
(b) Convertible Equity Warrants Issued under Option :
During the year 80000000 nos (Eight Crores) Convertible Equity Warrants
of Rs. 10/- per warrant issued (previous year Nil). Out of this
70750000 (Seven Crores Seven Lacs Fifty Thousand) warrants have been
subscribed by paying 25% of exercise price (previous year Nil).
70750000 Convertible Equity Warrants outstanding at the end of the
year.
(c) Terms/Rights attached to equity shares and Convertible Equity
Warrants :
Equity Shares
i) The Company has only one class of Equity Shares having a par value
of ' 1 each. Each Shareholder is eligible one vote per share. Any
Shareholder whose name is entered in the Register of Members of the
Company shall enjoy the same rights and be subject to the same
liabilities as all other shareholders.
ii) The dividend, if any, proposed by the Board of Directors is subject
to the approval of the shareholders in the ensuing Annual General
Meeting, except in case of interim dividend.
iii) 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 to their shareholding.
Equity Warrants
i) The holder of warrants shall have a right to apply for one Equity
share of the face value of Rs. 10/- at a price of Rs. 10/- per Equity
share on or before the expiry of 18 months from the date of allotment
(i.e.) 26th April, 2014 in one or more tranches.
ii) An amount equivalent to 25% of the exercise price of the Equity
Shares arising out of the Warrants shall be payable at the time of
making the application for Warrants, which will be kept by the Company
as a deposit to be adjusted and appropriated against the price of the
Equity Shares payable by the Warrants Holder at the time of exercising
the option.
iii) The said Warrants shall be converted within a period not exceeding
18 Months from the date of Allotments of Warrants in one or more
trenches, in accordance with the SEBI Guidelines and other relevant
guidelines as may be prevailing at the time of allotment of Shares.
iv) In the event if the Warrant Holder does not exercise the option of
conversion with 18 months from the date of allotment of Warrants, the
Warrants shall lapse and the deposit of 25% as indicated in point (ii)
above shall be forfeited by the Company.
v) The issue of the Warrants as well as the Equity Shares, arising from
the exercise of the option under the Warrants in the manner aforesaid
shall be governed by the respective provisions of the Companies Act,
1956, the Memorandum & Articles of Association of the Company and also
the Guidelines / Regulations issued by SEBI or any other authority as
the case may be, or any modification thereof.
vi) The Warrants Holders shall be entitled to any future Bonus Issue(s)
of Equity Shares or any other security(ies), in the same proportion and
manner as any other shareholder of the Company. This entitlement is
however subject to the exercise of the option by the Warrant Holder(s)
to convert the warrants into Equity Shares within the time limit
specified in (iii) above.
vii) The Equity Share allotted on conversion of Warrants shall rank
pari - passu in all respects including dividend with the existing fully
paid up Equity Share of the Company and shall be subject to lock-in
requirements as per the provision of Chapter VII of the SEBI
Regulations.
2. Research & Development Expenses
The expenditure on Research & Development is not sepa-rately
ascertainable as the same has been included under various heads of
expenditure in the Profit & Loss Account.
3. Segment Reporting:
Considering the organization structure, nature of products & risk and
return profile based on geographical distribution, the formulation
business is considered as a Single Segment.
4. Related Party Disclosure
A) Related Parties and their relationship Key Managerial Personnel
a. Hirji Kanji Patel Managing Director
b. Nilesh Shivram Mestry Director
c. Mohit Tyagi Director (resigned on 20/12/2014)
d. Rakesh Ganesh Naik Additional Director
e. Reshma Rajesh Malagavakar Additional Director
5. Balances in the accounts of debtors, creditors and contracts and
contractors, certain Bank Accounts are taken subject to confirmation
and reconciliation and only upon such confirmation and reconciliation,
the entries for discounts, claims and writing off sundry balances etc.
will be recorded in the books.
6. In the absence of detailed information from Small Scale and
Ancillary Undertaking, included under the head Sundry Creditors dues
there from are not ascertained as on the date of Balance Sheet.
7. Previous year's figures have been regrouped / rearranged wherever
deemed necessary.
Mar 31, 2014
Corporate Information
Allied Computers International (Asia) Limited , is a company
incorporated in May 2002 under the Indian Companies Act, 1956, to
promote notebook specialist Brand "ACi" The Registered office and
Corporate office of the Company is located at 319 Kuber Complex, New
Link Road, Andheri West Mumbai. The corporate office houses
sophisticated and most advanced sales, marketing and service/repairs
facilities. The service facility facilitates service and repairs of any
brand of laptops received within Mumbai. and its Shares are listed on
Bombay stock exchange ,Mumbai
1. Share Capital
a) Terms/rights attached to the Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs.10 each. Each Shareholder is eligible one vote per share. Any
Shareholder whoes name is entered in the Register of Members of the
Company shall enjoy the same rights and be subject to the same
liabilities as all other shareholders. The dividend, if any, proposed
by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, except in case of
interim dividend. 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 to their
shareholding.
(b) Details of Shares held by the shareholders holding more than 5%
(percentage)of agreegate shares in the Company
No shareholders is holding more than 5 % shares in the company
c) Shares allotted as fully paid up by way of bonus shares (during 5
years preceding March 31, 2014)
The Company have not allotted bonus shares during the 5 preceding
financial year by the capitalisation of Securities Premium and
Reserves.
2. Research & Development Expenses
The expenditure on Research & Development is not separately
ascertainable as the same has been included under various heads of
expenditure in the Profit & Loss Account.
Computation of Net Profit in accordance with the Companies Act, 1956.
The Commission by way of percentage of profits has not been paid to the
Managing Director
3. Segment Reporting:
Considering the organization structure, nature of products & risk and
return profile based on geographical distribution, the formulation
business is considered as a Single Segment.
4. Related Party Disclosure
a) Related Parties and their relationship
Key Managerial Personnel
Mr. Hirji Kanji Patel Managing Mr. Nilesh Shivram Mestry Director
Director
Mr. Jay Randhir Sampat Director Mr. Govindbhai Khetabhai Director
Kera
Mr. Mansukh Kanji Director Mr. Rakesh Ganesh Naik Add.
Vaghani Director
Mr. Gajendra Singh Director
5. Balances in the accounts of debtors, creditors and contracts and
contractors, certain Bank Accounts are taken subject to confirmation
and reconciliation and only upon such confirmation and reconciliation,
the entries for discounts, claims and writing off sundry balances etc.
will be recorded in the books.
6. In the absence of detailed information from Small Scale and
Ancillary Undertaking, included under the head Sundry Creditors dues
there from are not ascertained as on the date of Balance Sheet.
7. Previous year''s figures have been regrouped/rearranged wherever
deemed necessary.
Mar 31, 2013
1 Research & Development Expenses .
The expenditure on Research & Development is not sepa-rately
ascertainable as the same has been included under various heads to
expenditure in the Profit & Loss Account.
2 Segment Reporting:
Considering the organization structure, nature of products & risk and
return profile based on geographical distribution, tlic formulation
business is considered as a Single Segment.
3 Balances in the accounts of debtors, creditors and con-tracts and
contractors, certain Bank Accounts are taken subjccl lo confirmation
and reconciliation and only upon such confirmation and reconciliation,
the entries for discounts, claims and writing off sundry balances etc.
will be recorded in the books.
4 In [he absence of detailed information from Small Scale and
Ancillary Undertaking, included under the head Sundry Crediiors dues
there from are noi ascertained as on the date of Balance Sheet.
5 Previous year''s figures have been regrouped / rearranged wherever
deemed necessary.
Mar 31, 2012
1. Corporate information
Allied Computer international (Asia) Limited, is a company incorporated
in may 2002 under the Indian companies Act, 1956. To promote notebook
Brand "ACI" the Register office and corporate office of the company is
located at 319 Kuber complex , Ardheri West Mumbai. The Corporate
office houses sophisticated and most advanced sales, marketing and
service repaired facilities. The service facility facilitates service
and repairs of any brand of laptops received within Mumbai and it''s
share are listed on Bombay stock exchange Mumbai.
a) Terms/ rights attached to the Equity Shares
The Company has only one class of equity shares having as per value of
10 each Share holder is eligible one vote per share. Any shareholder
whose name is entered in the register of members of the company shall
enjoy the same rights and be subject to the same liable as all other
shareholders. The Dividend, if any, Proposed by the Board of Directors
is subject to the approval of the shareholders in the ensuring Annual
General Meeting, except in case of interim Dividend. In the event of
liquidation, the equity shareholders are eligible to receive the
maintaining assets of the company alter distribution of all
preferential amounts, in preparation to their shareholding.
b) Details of shares held by the shareholding more than 5% (percentage)
of aggregate shares in the company
No shareholders is holding more than 5% shares in the company.
c) Shares allotted as fully paid up by the way of bonus shares (during
5 years preceding March31st, 2012)
The company have not allotted bonus shares during the 5 preceding
financial year by the capitalization of securities premium and reserve.
2. Research & Development Expenses
The expenditure on research and development is not separately
ascertainable as the same has been under various heads of expenditures
in the profit & loss Account.
3. Segment Reporting
Considering the organization structure nature of products & risk and
return profit based on geographical distribution, the formation
business is considered as a single segment.
4. Balance in the accounts of Debtors, creditors and contractors,
certain bank accounts are taken subject to confirmation and
reconciliation and only up to such confirmation and reconciliation the
entries for discounts. Claims and writing off balances etc,. will be
recorded in the books.
5. In the absence of detailed information from small scheme and
ancillary Under taking, including under the head sundry creditors dues
there from are not ascertained as on the date of Balance Sheet.
6. Previous year''s figures have been regrouped rearranged wherever
deemed necessary.
Mar 31, 2011
1. None of Balances have been confirmed.
2. The company is a manufacturing company are as the company has not
started any production hence such information regarding quantitative
break- up of the materials, purchases stock and licensed capacity and
the actual production is not applicable.
3. In the opinion of the Board of the current Assets, loans &
Advances are approximately of the value stated, if realized in the
ordinary course of business.
4. Previous year''s figures are re-grouper and are rearranged wherever
necessary.
Mar 31, 2010
1. Going Concern Assumption :
The accounts are prepared on the going concern assumption.
2. Amount payable/receivable in respect of sundry creditors, sundry
debtors, loans given, unsecured loan obtained, advances recoverable,
bank balance etc. are subject to reconciliation and confirmation.
3. Segment Reporting: N.A.
4. Related Party Disclosure :
In accordance with the Accounting Standards (AS-18) on Related Party
Disclosure, where control exists and where key management personnel are
able to exercise significant influence and, where transactions have
taken place during the year, along with description of relationship as
identified, are given below:
5. Expenditure in Foreign Currency : Rs. NIL (Previous year Rs. NIL)
6. Earnings per share (EPS): The numerators and denominators used to
calculate Basic and Diluted Earnings Per Share.
7. As per the information available with the company, there are no
small scale undertakings to whom the company owes a sum which is
outstanding for more than 30 days.
8. No provision is made in respect of Gratuity and Leaves Encashment
(Previous year  not ascertained and provided for). This is in
contravention to with the Accounting Standard 15 issued by the
Institute of Chartered Accountants of India in respect of accounting
for retirement benefits.
9. Whole Time Directors'' Remuneration: During the year remuneration
have been paid to the whole time directors. Rs.24.00 Lacs. (Previous
year Rs. 24.65 Lacs.)
10. Previous year figures have been regrouped rearranged wherever
necessary.
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