Mar 31, 2015
1. Unishire Urban Infra Limited (the Company) was incorporated on 23th
April, 1991. The principal activity of the Company is real estate
development and construction. Our company is also engaged in equity
shares trading and investing activities. In September, 2013 Mr. Pratik
K Mehta, Mr. Vinay K Mehta, Mr. Kirti K Mehta and Mrs. Nutan K Mehta
took over our company and accordingly our company entered in the
business of construction.
2a Terms/Rights attached to Shares
The Company has issued only one class of equity shares having par value
of Rs. 10 each per share. Each shareholder is entitled to one vote per
share held in the meeting of shareholder. The dividend proposed by the
board of director is subject to the approval of shareholders in the
ensuring annual general meeting. In the event of liquidation, the
equity shareholders are eligible to receive remaining assets of the
Company after distribution of all prefential amount in proportion to
their shareholding.
3 The previous years figures have been re-arraged/re-grouped, wherever
found necessary.
Mar 31, 2014
1. Unishire Urban Infra Limited (the Company) was incorporated on 23th
April, 1991. The principal activity of the Company is real estate
development and construction. Our company is also engaged in equity
shares trading and investing activities. In September, 2013 Mr. Pratik
K Mehta, Mr. Vinay K Mehta, Mr. Kirti K Mehta and Mrs. Nutan K Mehta
took over our company and accordingly our company entered in the
business of construction.
2. SHARE CAPITAL
2a. Reconciliation of Shares outstanding at the beginning and at the
end of the reporting period
2b. Terms/Rights attached to Shares
The Company has issued only one class of equity shares having par value
of Rs. 10 each per share. Each shareholder is entitled to one vote per
share held in the meeting of shareholder. The dividend proposed by the
board of director is subject to the approval of share holders in the
ensuring annual general meeting. In the event of liquidation, the
equity shareholders are eligible to receive remaining assets of the
Company after distribution of all prefential amount in proportion to
their shareholding.
2c. Details for preceding Five Years of Equity Shares:
During the preceding five year our company has issued Rs. 241.577 Lacs
of equity shares of the face value Rs. 10/- each.
3. The company was converted to public limited company in terms of
Section 31/21 read with Section 44 of the Companies Act, 1956. Fresh
certificate of incorporation consequent upon change of name on
conversion to public limited company is issued pursuant to Section
23(1) of the said act as on January 23, 2013.
4. The company has no employee to whom the provision of Section 217(2A)
of the Companies Act, 1956 is applicable.
5. The company is a Small and Medium Sized Company (SMC) as defined in
the General Instructions in respect of Accounting Standards notified
under the Companies Act, 1956. Accordingly the company has complied
with the Accounting Standards as applicable to a Small and Medium Sized
Company.
6. In the opinion of the board of directors, all current assets, loans
& advances have a value on realisation in the ordinary course of
business atleast equal to the amount at which they are stated.
7. Based on information available with the company, there are no
clients/creditors who are registered under Micro, Small and Medium
Enterprises Development Act, 2006.
8. There is no small scale industrial undertaking to whom the company
owes amounts outstanding for more than 30 days as at 31st March, 2013.
9. Related party disclosures as required by Accounting Standard 18 in
accordance with the Companies Accounting Standards Rules, 2006:
The company has not entered into any transaction with related parties
pursuant to Accounting Standard AS-18 issued by the Companies
Accounting Standards Rules, 2006 in current financial year and in
previous financial year. Hence no disclosure is required under the
clause.
10. The previous years figures have been re-arraged/re-grouped,
wherever found necessary.
Summary Statement of Cash Flow:
Notes:
1. The above Cash Flow Statement has been prepared under the "Indirect
Method" as set out in the accounting standard 3 "Cash Flow Statement".
2. Previous year figure have been regrouped/rearranged/re casted
wherever necessary to make them comparable with those of current year.