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Notes to Accounts of Vinaditya Trading Company Ltd.

Mar 31, 2014

(A) Detailed note on the terms of the rights, preferences and restrictions relating to each class of shares including restrictions on the distribution of dividends and repayment of capital.

i) The Company has only one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of Equity Share is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees.

ii) In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets 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. However no such preferential shares exist currently, therefore the distribution will be in proportion to the number of equity shares held by the shareholders.

(e) Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments including the terms and conditions.

The company does not have any such contract / commitment as on reporting date.

(f) Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures, bonds etc.

The company does not have any securities convertible into shares as on reporting date.

Note 2 - Amounts due to Micro, Small and Medium Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

Note 3 -Previous year figures

The figures of the previous year have been re-arranged, re-grouped and re- classified wherever necessary.

Note 4 - Amounts due to Micro, Small and Medium Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

Note 5 -Previous year figures

The figures of the previous year have been re-arranged, re-grouped and re- classified wherever necessary.


Mar 31, 2013

A) The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year- end together with interest paid/payable as required under the Act have not been given.

b) Scheme of Amalgamation and Arrangement

The Scheme of Amalgamation and Arrangement ("the Schemes") of ANR Investments Limited into the Company under Sections 391 to 394 of the Companies Act, 1956 was sanctioned by the Honorable High Court of Judicature at Mumbai vide Order dated 22nd March, 2013:-

i. Consequently in terms of the Scheme and as per the Honorable High Court''s approval:

a. Upon the coming into effect of the scheme, the undertaking of ANR Investments Limited shall without any further act, instrument or deed shall be transferred to or vested as a going concern in the Company.

b. The assets, properties, liabilities, rights and obligations of ANR Investments Limited have been vested with effect from the appointed date, April 1, 2011 and have been recorded in accordance with the provisions of the Scheme in compliance with Accounting Standard 14 - Accounting for Amalgamation issued by the Institute of Chartered Accountants of India (ICAI).

c. In case of amalgamation of ANR Investments Limited, all assets, liabilities and investments have been recorded at book value, except in case of diminution in investments; the same has been accounted at fair value.

d. All cost and expenses (including those of the transferor companies) incidental with the finalization of the Scheme and to put it into operation including all advisory fees, professional fees, consultant fees including expenses or charges attributable to the implementation of the Scheme are debited to the profit and loss account for the year.

e. The Company''s investment in shares of ANR Investments Limited as standing in the books as on 01 April 2012 had been cancelled and extinguished.

f. ANR Investments Limited was wholly owned subsidiary of the Company, thus pursuant to the Scheme no new shares are issued after the scheme is sanctioned by the Hon''ble High Court at Bombay.

g. The authorized share capital of the Company has been increased from Rs. 25,00,000 (2,50,000 Equity shares of Rs. 10 each) to Rs.45,00,000 (4,50,000 Equity shares of Rs.10 each) to incorporate the authorized share capital of ANR Investments Limited.

ii. In view of the aforesaid amalgamation with effect from 1st April, 2011 the figures for the current year are not comparable to the Audited figures of the previous year.

c) Figures of Current Assets, Loans & Advances, Unsecured Loans and Current Liabilities are stated at book value and are subject to confirmations from the parties.

d) There are no contingent liabilities against the company.

e) The Additional information to as required by para 4,4A, 4B, 4C, and 5 of Schedule VI part II of Companies Act is given to the extent applicable.

f) Previous year''s figures have been appropriately regrouped/ reclassified to conform to current year''s presentation.


Mar 31, 2010

1. The income-tax assessment of the company has since been finalised upto and including the accounting year 2006-07 (Assessment Year: 2007-08).

2. In tbe opinion of the Board, the value of Current Assets is at lease of value as stated in Balance Sheet if realised in ordinary course of business, the provisions for all the known labfltties are made and are not in excess of the amount considered adequate.

3. Related Parly Disclosure:

There is no related party transaction.

4. The additional information regarding turnover, material purchased or acquired, pursuant to provisions of paragfaphs 3,4C, 4D and 4D(d) of Part II of Schedule VI of the Companies Act, 1956 are presently not applicable.

5. Previous years figures have been regrouped or rearranged wherever necessary to make them comparable with the figures of current year.

 
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