| I. Share Capital
a) Reconciliation of number of shares
There is no movement in the share capital during the current and
previous year.
b) Rights, preferences and restrictions attached to equity shares :
The Company has one class of equity shares having a par value of Rs.
10/- per share. Each shareholder is eligible for one vote per share
held. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting,
except in case of interim dividend. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the
Company after distribution of all preferential amounts, in proportion
to their shareholding.
II. OTHER NOTES:
a) CONTINGENT LIABILITIES AND COMMITMENTS | NIL | NIL '
b) THE DETAILS OF AMOUNT DUE TO MICRO, SMALL AND MEDIUM ENTERPRISES
BASED ON INFORMATION AVAILABLE WITH THE COMPANY AND RELIED UPON BY
AUDITORS
There are no Micro, Small and Medium enterprises to whom the Company
over dues, which are more than 45 dAYS as at 30.03.2015.
This information as required to be disclosed under Micro, Small and
Medium Enterprises Development Act 2006 has been determined to the
extend such parties have been satisfied on the basis of information
available with the Company.
The Company engaged in single business or Car Rental /Tour Operation
and single geographical segment accordingly g) Segment information is
not required to disclosed pursuant to accounting standard 17 "Segment
Reporting".
c) The Balances in sundry debtors, creditors, loans and advances are
subject to confirmation.
d) RELATED PARTY DISCLOSURES
(A) NAME OF RELATED PARTIES AND RELATIONSHIP
Name Relationship
1) Mr. Tapan M. Patel Key Management Personnel (KMP)
2) Mrs. Maneka Mulchandani Key Management Personnel (KMP)
e) During the year the company has changed the method of the
depreciation from Written Down Value to Straight Line method with
retrospective effect, consequent to the changes made the Companies Act
2013 (herein after referred to as the 'Act') w.e.f. 1/4/2014 and
accordingly written back excess depreciation amounting to Rs.
5,37,87,152/- and credited to Profit and Loss Appropriation Account a
sum of Rs. 3,63,35,911 Net of Deferred Tax Impact. The Company has also
written off net carrying amounts of fixed assets whose useful lives has
already expired as on 1/4/2014 , amounting to Rs. 7,39,612/- to Profit
and Loss account of the company and the same is included in the
Depreciation Charged to Profit and Loss Account of the year as per the
transitional provisions contained in the Act.
f) The Board of Directors of the company has determined old balances of
Loans Taken amounting to Rs. 596.29 lacs and Creditors amounting to Rs.
2834.10 lacs as no longer payable and written back the same to Profit
and Loss Appropriation Account.
g) PREVIOUS YEAR FIGURES
Previous year figures have been regrouped, rearranged and reclassified,
wherever necessary to correspond with the current year's
classification/disclosure.
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