Mar 31, 2015
1. Terms/rights attached to equity shares
*The Company has only one class of Equity Share having value of ' 10
each with an entitlement of one vote per share.
*The company declares and pays dividend in Indian rupees. The dividend
proposed by the Board of Directors are subject to the approval of the
shareholders in the ensuing Annual General Meeting.
*In the event of liquidation of the Company, the holder of equity
shares will be entitled to receive any of the remaining assets of the
company, after distribution of all preferential amounts. However, no
such preferential amounts exist currently. The distribution will be in
proportion to the number of equity shares held by the
shareholders.
2. Contingent Liabilities
In the opinion of the management, there is no contingent liability and
adequate provision has been made for all known liabilities, except
interest and penalty as may arise.
3. In the opinion of the Management all fixed assets, current
assets, loans & advances & current liabilities would be realized at
least of an amount equal to the amount at which they are stated in the
Balance Sheet. Further provisions have been made for all known &
accrued liabilities.
4. In the opinion of the management, value on realization of
fixed assets, current assets, loans and advances in the ordinary course
of business will be at least equal to the amount at which they have
been stated in the financial statements.
5. Related Party Disclosures :
A) Names of Related Parties and Nature of Relationships
I. Shareholders / Relatives holding more than 20% directly or
indirectly and having Significant Influence
Mr. Kamal Khetan
II. Key Management Personnel
Mr. Kamal Khetan
III. Relative of Key Mangement Personnel & their enterprises
Nivedita Mercantile And Financing Limited
6. Previous year's figures have been regrouped and reclassified
to confirm to current year's classification.
Mar 31, 2014
Note - 1 Contingent Liabilities
In the opinion of the management, there is no contingent liability and
adequate provision has been made for all known liabilities, except
interest and penalty as may arise.
Note - 2 In the opinion of the Management all fixed assets, current
assets, loans & advances & current liabilities would be realized at
least of an amount equal to the amount at which they are stated in the
Balance Sheet. Further provisions have been made for all known &
accrued liabilities.
Note - 3 Related Party Disclosures :
A) Names of Related Parties and Nature of Relationships
I. Shareholders / Relatives holding more than 20% directly or
indirectly and having Significant Influence
Mr. Kamal Khetan Mrs. Manisha Khetan
II. Key Management Personnel
Mr. Kamal Khetan
B) Transactions during the year / outstanding at year end: There are no
transactions during the year and no outstanding at year end.
Note - 4 The Company operates in Single Segment i.e. Investment &
Financing. Hence Segment Reporting as per AS -17 is not applicable to
the company.
Mar 31, 2013
Note - 1 Contingent Liabilities
In the opinion of the management, there is no contingent liability and
adequate provision has been made for all known liabilities, except
interest and penalty as may arise.
Note - 2 In the opinion of the Management all current assets, loans &
advances & current liabilities would be realized at least of an amount
equal to the amount at which they are stated in the Balance Sheet.
Further provisions have been made for all known & accrued liabilities.
Note - 3 In the opinion of the management, value on realization of
fixed assets, current assets, loans and advances in the ordinary course
of business will be at least equal to the amount at which they have
been stated in the financial statements.
Note - 4 Related Party Disclosures :
A) Names of Related Parties and Nature of Relationships
I. Shareholders / Relatives holding more than 20% directly or
indirectly and having Significant Influence
Mr. Kamal Khetan Mrs. Manisha Khetan
II. Key Management Personnel
Mr. Kamal Khetan
B) Transactions during the year / outstanding at year end: There are no
transactions during the year and no outstanding at year end.
Note - 5 The Company operates in Single Segment i.e. Investment &
Financing. Hence Segment Reporting as per AS -17 is not applicable to
the company.
Note - 6 Previous year''s figures have been regrouped and reclassified
to confirm to current year''s classification.
Mar 31, 2012
1. Contingent Liabilities
In the opinion of the management there is no contingent liability and
adequate provision has been made for all known liabilities' except
interest and penalty as may arise.
2. In the opinion of the Management all current assets' loans &
advances & current liabilities would be realized at least of an amount
equal to the amount at which they are stated in the Balance Sheet.
Further provisions have been made for all known & accrued liabilities.
3. In the opinion of the management' value on realization of fixed
assets' current assets' loans and advances in the ordinary course of
business will be at least equal to the amount at which they have been
stated in the financial statements.
4. In the absence of necessary information with the Company' relating
to the registration status of suppliers under the Micro' Small and
Medium Enterprises Development Act' 2006' the information required
under the said Act could not be complied and disclosed.
5. The balances of some of Debtors and creditors are subject to
confirmation.
6. Previous year's figures have been regrouped' rearranged and
reclassified to the extent possible.
7. The Company operates in Single Segment i.e. Investment &
Financing. Hence Segment Reporting as per AS -17 is not applicable to
the company.
8. Balance Sheet abstract and Company's general business profile as
annexure attached.
9. Other information pursuant to provision of Paragraph 3' 4A' 4C &
4D of Part II of Schedule VI of the Companies Act' 1956 are either Nil
or Not Applicable.
Mar 31, 2010
1. Business Activities
The Company business of an Investment Company and to underwriter,
sub-underwrite, to invest and acquire and hold, sell buy, or otherwise,
to invest in, and acquire and hold sell, buy or otherwise deal in
shares, debenture, debenture- stocks, bonds units, obligations, and
securities issued or guaranteed by Indian or Foreign Governments,
States Dominions, Sovereigns, Municipalities, or Public Authorised or
bodies and shares, stocks, debentures, debentures-stock, bonds,
obligation and securities issued and guaranteed by any company,
corporation, frm or person whether incorporated or established in India
or elsewhere.
2. Related Party Disclosures
I) Shareholders / Relatives holding more than 20% directly or
indirectly and having Signifcant Infuence
a) Mr. Kamal Khetan
b) Mrs.Manisha Khetan
II) Key Managerial Personnel:
a) Mr. Kamal Khetan
b) Mrs.Manisha Khetan
III) Transactions with Related Parties
3. In the opinion of the Management, all Current Assets, Loans &
advances & Current Liabilities would be realizable at least of an
amount equal to the amount at which they are stated in the Balance
sheet. Further provisions have been made for all known & accrued
liabilities.
4. Previous years fgures have been regrouped, rearranged, reclassifed
to the extent possible.
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