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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