Mar 31, 2015
1. Nil Shares out of the issued, subscribed and paid up share capital
were allotted as Bonus Shares in the last five years by capitalisation
of Securities Premium and Reserves.
2. Nil Shares out of the issued, subscribed and paid up share capital
were allotted in the last five years pursuant to the various Schemes of
amalgamation without payment being received in cash.
3. Shares out of the issued, subscribed and paid up share capital were
allotted on conversion / surrender of Ni| Debentures and Bonds,
conversion of Term Loans, exercise of warrants, against Global
Depository Shares (GDS) and re-issue of forfeited equity shares, since
inception.
4. Shares out of the issued, subscribed and paid up share capital held
by Subsidiaries do not have Voting Rights and are Nil not eligible for
Bonus Shares.
5. Shares out of the issued, subscribed and paid up share capital were
allotted as fully paid-up Bonus Shares by way of capitalisation of
reserves.
6. Rights, preferences and restrict ions attaching to equity shares:
entitled to one vote per shares. Each share is entitled to equal
dividend declared by the company and approved by the share holders of
the Company.
In the event of liquidation, each share carry equal rights and will be
entitled to receive equal amount per share out of the remaining amount
available with the company after making preferential payments.
7. Depreciation of Rs. 91,82,092.00 for the assets having WDV but
having useful life "Nil" under the provision of the Schedule II of the
Companies Act, 2013 has been passed trough the reserve and surplus
during the year after providing suitable value for "Salvage Value" as
per the provisions of Companies Act, 2013.
8. The Term Loan Facility from State Bank of Bikaner and Jaipur is
secured by way of:
a) First charge over entire fixed assets of the company present and
future of the company.
b) First charge by way of equitable mortgage by way of deposit of
original title deeds of company's Factory Land and Building at Plot No.
F-5 (B,C,D) RIICO Industrial Area, 2nd Phase, Boranada, Jodhpur,
Rajasthan.
9. The Working capital facilities [Both fund and Non Fund] availed
from the bank, are secured by way of first charge ranking pari passu on
current Assets i.e. Hypothecation of Stocks of Raw Materials,
Work-in-Progress, Finished Goods, Stores & Spares and Book Debts and
2nd charge on Fixed Assets of the Company [Except specifically charged
for Term Loan]
10. RELATED PARTY DISCLOSURE
As per Accounting Standard - 18, the disclosure of Transactions with
the related parties are given below: A. Key Management Personals and
their relatives
(i) Enterprises Owned or Controlled By KMP's
DHARA FABRICS PVT. LTD.
K D S TEXTILES PVT LTD.
(ii) Key Management Personnel
POONAM SURESH JAIN SURESH DHANRAJ JAIN
(iii) Relatives of Key Management Personnel
AJAY LODHA AJAY LODHA HUF J. K. KOTHARI TWINKLE JAIN
MOHAN SINGH SANJAY KUMAR HUF
SURESH KAWAD HUF
SHAKUNTALA LODHA
ANITA JAIN
SAMYAK JAIN
SANJAY PATHAK
MAHENDRA KAWAD
RAMESH KAWAD
11. As informed by the Management of the company and as per our
observation under audit, no Contingent liabilities and commitments
against the company is pending on which provision is required to be made
or deferred for the current financial.
Mar 31, 2014
1.1 NilShares out of the issued, subscribed and paid up share capital
were allotted as Bonus Shares in the last five years by capitalisation
of Securities Premium and Reserves.
1.2 NilShares out of the issued, subscribed and paid up share capital
were allotted in the last five years pursuant to the various Schemes of
amalgamation without payment being received in cash.
1.3 NilShares out of the issued, subscribed and paid up share capital
were allotted on conversion / surrender of Debentures and Bonds,
conversion of Term Loans, exercise ofwarrants, against Global
Depository Shares (GDS) and re-issue of forfeited equity shares, since
inception.
1.4 NilShares out of the issued, subscribed and paid up share capital
held by Subsidiaries do not have Voting Rights and are not eligible for
Bonus Shares.
1.5 NilShares out of the issued, subscribed and paid up share capital
were allotted as fully paid-up Bonus Shares by way of capitalisation of
reserves.
2. Rights, preferences and restrictions attaching to equity shares
The Company has issued only one class of equity shareshaving par value
ofRs.10/-per share. Each holder of equity share is entitled to one vote
per shares. Each share is entitled to equal dividend declared by the
company and approved by the share holders of the Company.
In the event of liquidation, each share carry equal rights and will be
entitled to receive equal amount per share out of the remaining amount
available with the company after making preferential payments.
2.2 The Term Loan Facility from State Bank of Bikaner and Jaipur is
secured by way of:
a) First charge over entire fixed assets of the company present and
future of the company.
b) First charge by way of equitable mortgage by way of deposit of
original title deeds of company''s Factory Land and Building at Plot
No. F-5(B,C,D) RIICO Industrial Area, 2nd Phase, Boranada, Jodhpur,
Rajasthan.
2.3 The Term Loan VI from State Bank of Bikaner and Jaipur for'' 200Lacs
is partly disbursed in the current Financial Year. The remaining amount
will be disbursed in the next financial year and the repayment will be
started from July 2014.
3.1 The Working capital facilities [Both fund and Non Fund] availed
from the bank, are secured by way of first charge ranking pari passu on
current Assets i.e. Hypothecation of Stocks of Raw Materials,
Work-in-Progress, Finished Goods, Stores & Spares and Book Debts and
2nd charge on Fixed Assets of the Company [Except specifically charged
for Term Loan]
4.1 Statutory dues denotes TDS deducted on various kind of expenses
which are liable to be deducted at source.
The previous vear fiaures have been rearouoed / reclassified, wherever
necessary to conform to the current year presentation.
5 RELATED PARTY DISCLOSURE
As per Accounting Standard -18, the disclosure of Transactions with the
related parties are given below: A. Key Management Personals and their
relatives
(i) Enterprises Owned or Controlled By KMP''s
Dhara Fabrics Pvt. Ltd.
KDS Textiles Pvt Ltd.
(ii) Key Management Personnel
Poonam Suresh Jain
Suresh Dhanraj Jain
(iii) Relatives of Key Management Personnel
Ajay Lodha
Ajay Lodha HUF
Anita Jain
J K Kothari
Mahendra Kawar
Ramesh Kawar
Suresh Kawar HUF
Twinkle Jain
Mohan Singh Sanjay Kumar HUF
Shakuntala Lodha
Neha Kothari
Naresh Jain
Samyak Jain
As informed by the Management of the company and as per our observation
under audit, no Contingent liabilities and commitments against the
company is pending on which provision is required to be made or
deferred for the current financial year.
Mar 31, 2013
1.1 Rights, preferences and restrictions attaching to equt shares:
The Company has issued only one class of equity shares having par value
of Rs. 10/- per share. Each holder of equity share is entitled to one
vote per shares. Each share is entitled to equal dividend declared by
the company and approved by the share holders of the Company.
In the event of liquidation, each share carry equal rights and will be
entitled to receive equal amount per share out of the remaining amount
available with the company after making preferential payments.
Mar 31, 2012
1.1 The Term Loan Facility from State Bank of Bikaner and Jaipur is
secured by way of:
a) First charge over entire fixed assets of the company present and
future of the company.
b) First charge by way of equitable mortgage by way of deposit of
original title deeds of company s Factory Land and Building at Plot No.
F-5 (B,C-7,D) RIICO industrial Area, 2nd Phase, Boranada, Jodhpur,
Rajasthan.
Mar 31, 2011
1 Contingent Liabilities:
a) No Contingent Liability has been reported to us by the management.
2 Related Party Disclosure
(a) List of Related Parties
(i) Key Management Personnel and their relatives
Key Management Personnel - Mr. Dhanraj Jain, Mr. Suresh Dhanraj jain,
Mr. Jamboo Kothari, Mr. Naresh Jain Other related Parties - Mr.
Mahendra Kawar, Smt. Patasi Devi, Richa Jain & Mrs. Reena Kawar
(ii) Enterprises owned or significantly influanced by Key Magaement
Personnel
Myco Synthetics Pvt. Ltd., KDS Tex Pvt. Ltd.,Dhara Fabrics Pvt.
Ltd.,Suncity Polyster Pvt. Ltd., Ziquita Health Care Pvt. Ltd.
(b)Transactions/ outstanding balances with Related Parties -
The company has entered into transactions with certain related parties
as listed below. The Board Considers such transactions to be in normal
course of business.
3 Provision for Taxation:
(i) Provision for current year tax has been made as per the Income Tax
Act, 1961.
(ii) The Company estimate the deferred taxes charge/ (credit) using the
applicable rate of taxation based on the impact of timing difference
between financial statements and estimates taxable income for the
current year.
4 Balances of sundry debtors, creditors and loan accounts are subject
to confirmation.
5 Amount in the Balance Sheet and Profit & Loss a/c are rounded off to
the nearest rupee.
6 Previous year figures have been regrounped and rearranged wherever
necessary.
Mar 31, 2010
1 Contingent Liabilities: a)No Contingent Liability has been reported
to us by the management.
2 Loan Liabilities:
a) Loan take are secured by hypothecation of vechicals as purchased by
them.
b) Working capital OD a/c with Indusind Bank Ltd. is secured by
hypothecation of stock ( Raw material & Finished goods).
3 Related Party Disclosure (a)List of Related Parties
(i) Key Management Personnel and their relatives
Key Management Personnel - Mr. Dhanraj Jain, Mr. Surest) Dhanraj jain,
Other related Parties - Mr. Mahendra Kawar, Smt. Patasi Devi, Richa
Jain & Mrs. Reena Kawar
(I) Enterprises owned or significantly influence by Key Management
Personnel Myco Synthetics Pvt. Ltd., KDS Tex Pvt. Ltd., Dhara Fabrics
Pvt Ltd.
4 Provision for Taxation:
(i) Provision for current year tax has been made as per the Income Tax
Act, 1961.
5 Balances of sundry debtors, creditors and loan accounts are subject
to confirmation.
6 Amount in the Balance Sheet and Profit & Loss a/c are rounded off to
the nearest rupee.
7 Previous year figures have been regrouped and rearranged wherever
necessary.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article