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Notes to Accounts of Shyamkamal Investments Ltd.

Mar 31, 2015

1. Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of '10 per share.Each holder of equity shares is entitled to one vote per share. A member shall not have any right to vote whilst any call or other sum shall be due and payable to the Company in respect of any of the shares of such member. All equity shares of the Company rank pari passu in all respects including the right to dividend. The dividend is recommended by the Board of Directors and declared by the members at the ensuing Annual general Meeting. The Board of Directors have a right to deduct from the dividend payable to any member any sum due from him to the Company.

In the event of winding-up, subject to the rights of holders of shares issued upon special terms and conditions, the holders of equity shares shall be entitled to receive remaining assets, if any, in proportion to the number of shares held at the time of commencement of winding-up.

Note 2

Company has no outstaning liability to Micro, Small and Medium Enterprises as per the requirement of Section 22 of the Micro, Small and Medium Enterprises Development Act,2006.

Note 3

The Company has no employees drawing remunaration of more than Rs. 2400000/- p.a. If Employed throughout the year or Rs. 200000/- p.m. if employed for part of the year.

Note 4 Related Party Disclosure:

No T ransaction was carried out with related parties.

Note 5

The Company has advanced Interest free loan of Rs. 2,40,00,000/- to M/s Sparkling Mercantile Co. Pvt Ltd.

Note 6

No Provision for tax has been made on account of loss incurred by the company and No defferred Tax Assets is created for taxable loss incurred on account of no vistual certainty with respect to the reversal of the same in near future years.

Note 7

Previous year's figure have been regrouped/rearranged, wherever necessary to conform to the current year grouping.


Mar 31, 2014

1. Rights, Preference & Restrictions attached to each class of Share Capital

a) The Company has only one class of equity shares having a face value of RS. 10 per share. Each holder of equity shares is entitled to one vote per equity share. A member shall not have any right to vote whilst any call or other sum shall be due and payable to the Company in respect of any of the shares of such member. All equity shares of the Company rank pari pa; in all respects including the right to dividend. The dividend is recommended by the Board of Directors and declared by the members at the ensuing Annual general Meeting. The Board of Directors have a right to deduct from the dividend payable to any member any sum due from him to the Company.

In the event of winding-up, subject to the rights of holders of shares issued upon special terms and conditions, the holders of equity shares shall be entitled to receive remaining assets, if any, in proportion to the number of shares held at the time of commencement of winding-up."

The Shareholders have all other rights as available to Equity Shareholders as per the provisions of the companies Art, 1956, read together with the Memorandum of Association and Articles of Association of the Company, as applicable.

b) The Company does not have any holding company or ultimate holding company.

c) The Company does not have any Share holder holding more than or equal to 5% of Issued share capital of the Company individually.

2. Company has no outstanding liability to Micro, Small and Medium Enterprise as per the requirement of Section 22 of The Micro, Small and Medium Enterprises Development Act, 2006.

3. The Company has no employees drawing remuneration of more than Rs.2400000/- p.a. If Employed throughout the year or Rs.200000/- p.m. if employed for part of the year

4. Related Party Disclosure:

1) Related Parties and their relationships:

a) Key Managerial Personnel (KMP) and their relatives

i) Shubhkaran Kedia Director

b) Entities having Significant Influence

i) Saket Tex Dyes Pvt Ltd.

ii) Aayush Tex Dyes Pvt.Ltd.

5. The Company has advanced Interest free loan of Rs. 2,40,00,000 to M/s Sparkline Mercantile Co Pvt Ltd.

6. No Provision for tax has been made on account of loss incurred by the company and No Deferred Tax Asset is created for taxable loss incurred on account of no virtual certainty with respect to the reversal of the same in near future years.

7. Previous year''s figures have been regrouped / rearranged, wherever necessary to conform to the current year grouping.


Mar 31, 2012

A) "Terms and Rights attached to equity shareholders:

The Company has only one class of equity shares having a face value of RS. 10 per share. Each holder of equity shares is entitled to one vote per equity share. A member shall not have any right to vote whilst any call or other sum shall be due and payable to the Company in respect of any of the shares of such member. All equity shares of the Company rank pari passu in all respects including the right to dividend. The dividend is recommended by the Board of Directors and declared by the members at the ensuing Annual general Meeting. The Board of Directors have a right to deduct from the dividend payable to any member any sum due from him to the Company.

In the event of winding-up, subject to the rights of holders of shares issued upon special terms and conditions, the holders of equity shares shall be entitled to receive remaining assets, if any, in proportion to the number of shares held at the time of commencement of winding-up."

The Shareholders have all other rights as available to Equity Shareholders as per the provisions of the companies Act, 1956, read together with the Memorandum of Association and Articles of Association of the Company, as applicable.

b) The Company does not have any holding company or ultimate holding'company. Promoter shareholding in the Company including persons acting in concert with the promoters as on March 31, 2012 is 35,010 equity shares i.e. 14.59% of the equity share capital of the Company.Previous Year March 31, 2011 35,010 ie. 14.59%.

c) The Company does not have any Share holder holding more than or equal to 5% of Issued share capital of the Company individually.

Note : As certified by The Management on which Auditors have relied.

1. The Revised Schedule VI as notified under the Companies Act, 1956 has become applicable to the Company for presentation of its financial statements for the year ending March31, 2012. The adoption of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements. Previous year figures have been reclassified in accordance with the current year requirements.

2. The Company has received Municipal Taxes Bill from Maker's Chamber Premises Society Ltd. for Rs.2,70.5,097/- for the period from 01.04.2001 to 31.12.2010. However, the company has paid Rs.240,968/- & the balance amount is disputed by the party, against which the company has paid Rs.857,364/- on account.

3. Reinstatement Fees amounting to Rs. 1,356,690/- was paid to BSE for Revocation.of Suspension in Trading of Equity. (Municipal Tax of Rs. 8,57,364 was paid for the period 01/04/2001 to 31/12/2010 in the Financial Year 2010-11)

4. Related Party Disclosure:

1) Related Parties and their relationships:

a) Key Managerial Personnel (KMP) and their relatives

i) Shubhkaran Kedia Director

ii) Shyamsunder Kedia HUF HUF of Relative

b) Entities having Significant Influence

i) Saket Tex Dyes Pvt Ltd

5. Company has accumulated Tax Loss of Rs. 34,93,265 (including Current Year Loss of Rs. 8,15,005/-). Directors are of the opinion not to create deferred tax Asset for current year loss in the absence of virtual certainty of reversal of the same in future years.

6. Previous year's figures have been regrouped / rearranged, wherever necessary to conform to the current year grouping.


Mar 31, 2009

Not Available

 
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