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Notes to Accounts of Gala Print City Ltd.

Mar 31, 2015

1. Terms/rights attached to equity shares

The company has only one class of equity shares having apar value of'10 per share. Each holder ofequity shares is entitled to one vote per share.

2. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets ofthe company, after distribution ofall preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

3. Term loans from State Bank of India was taken during the financial year 2012-13 to 2017-18 and carries interest 12.9% p.a. The loan is repayable in 60 monthly installments along with interest, from the date of loan. The loan is secured by hypothecation of Plant & Machinery

Oct 27, 12:00 am
Oct 27, 4:14 pm
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