Mar 31, 2016
b) Shares held by each shareholder holding more than 5% of equity share capital:
The Company does not have any shareholder holding more than or equal to 5% of Issued share Capital of the Company individually
( c) 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.
The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting. In event of liquidation of the Company, the holders of equity shares would 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.
The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act,2006 and hence disclosures, if any, relating to amount unpaid as at the yearend together with interest paid/payable as required under the said Act could not be furnished.
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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