As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
c. Terms & Conditions attached to Equity Shares
The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share.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 and any other as the Memorandum or Articles may prescribe for the same.
(*) Amount repayable during next 12 months is included under the head "Short Term Borrowing" Note No. 7
i) Secured Term Loan of Rs. 207 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal. Commercial Property of the Company
and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 10.90%
The same is repayable in 151 monthly instalment oi rs. 1.3/ Lacs each
starting July, 2022
ii) Secured Term Loan of Rs.116 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal., Commercial Property, Stock and Book Debts of the Company and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 9.25%
The same is repayable in 26 monthly instalment of Rs. 4.46 Lacs each starting from July,2022
iii) Secured Term Loan of Rs.76 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal., Commercial Property, Stock and Book Debts of the Company and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 9.25%
Cash Credit limit of Rs.910 Lacs and Packing Credit Limit of Rs.300 Lacs is availed from Indian Bank, Ultadanga Branch, Kolkata and is secured against hypothecation of Stock and Book Debts and all Current Assets of the Company, both present and future as Primary Security. Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal. EM of Residential Flat at Flat No. 2A at Monalisa Building at Camac Street, Kolkata. EM of land with Factory Shed and Building at Magalpur Industrial Estate Raniganj as Collateral Security. Cash Credit is repayable on demand and ROI is 10.90% and Packing Credit is repaybale out of Export proceeds and ROI is 9.90%
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29 Contingent Liabilities not provided for:
Claims against the Company not acknowledged as Debts: 1. Income Tax Demand Asst Year 2019-20
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2.26
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2.26
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2. Income Tax Demand Asst Year 2020-21
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1.43
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1.43
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3. Income Tax Demand Asst Year 2021-22
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1.16
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1.16
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4. Tax Deducted at Source
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10.42
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10.42
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15.27
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15.27
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