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Notes to Accounts of Dynamic Microsteppers Ltd.

Mar 31, 2014

1 (a) Estimated amount of contract remaining to be executed

Current Yr Previous Yr

On capital account and not provided for Nil Nil

(b) Contingent Liabilitifisgfr Nil Nil

2. Due to no tradimcf''and marurarcturing activities, additional information as per schedule VI oMU Act, 1956,is not applicable.

3. Auditors remuneration is Rs.20000/- (Previous year Rs.20000/-)

4. Previous year figures are regrouped / rearranged wherever necessary.

4.1 Terms/Riqhts attached to Equity Shares:

The Company has only One class of Equity Shares having a par value of Rs. 10/- per Share. Each holder of the Equity Shares is entitled to one Vote per Share. The Company declares and pays Dividend in Indian Rupees The Dividend will be proposed by the Board of Directors and the same will be be subject to the approval of the Shareholders at the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company , after distribution of all preferential amounts. The distribution will be in nronortion to the number of eauitv shares held bv the shareholders

As per the records of the company, including its register of shareholders / members and other declarations from shareholders regarding beneficial interest the above shareholding represents both legal and beneficial ownerships of shares.

Note: Related parties have been identified by the Management.

(b) Details of Related Party Transactions during the year ended 31st March, 2014 and balances outstanding as at 31st March, 2014.


Mar 31, 2013

1 a) Estimated amount of contract remaining to be executed Current year Previous year

On capital account and not provided for NIL NIL

b) Contingent Liabilities: NIL NIL

2 Due to no trading and manufacturing activities, additional information as per schedule Vt of the companies Act, 1956, is not a Applicable

3 Since the company''s accumulated losses are more than paid up capital and Reserves And Surplus and also in absence of business activity, applicable statutory compliances were not met with.

4 Auditors remuneration is Rs. 20000/-- (Previous year Rs.5000/=)

5 Previous year figures are regrouped rearranged wherever necessary.

6.1 TERMS RIGHTS ATTACHED TO EQUITY SHARES:

The company has only class of Equity shares having a per value of 10% per share Each holder of the Equity shares is to one vote per share The company declares and pays Divided in India Rupees The Divided Will be proposed by the Board Of director and the same will be subject to the approval of the shareholders at the ensuing Annual General Meeting.

In the event of liquidation of the company the holders of equity share will be to received any of the remaining asset of the company after distribution of all preferential amounts the distribution will be in proportion to the number of equity shares held by the shareholders.

 
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