Unpaid Dividend Accounts Total Unpaid Dividend Account
If the dividend has not been claimed within 30 days from the date of its declaration, the Company is required to transfer the total amount of the dividend which remains unpaid or unclaimed, to a special account to be opened by the Company in a scheduled bank to be called “Unpaid Dividend Account”. The unclaimed dividend lying in such account is required to be transferred to the Investor Education and Protection Fund (IEPF), administered by the Central Government after a period of seven years from the date of declaration.
a) Reconciliation of the number of shares outstanding at the beginning and at the end of the year
Shares Outstanding at the beginning of the period 90627500 Equity Shares of Rs. 1/- each.
Add:- Issued during the year- Nil
Shares Outstanding at end of the period 90627500 Equity Shares of Rs. 1/- each.
b) Terms/ Rights attached with equity shares
The Company has only one class of issued Equity Shares having at par value of Rs.1/- per share. Each holder of Equity Shares is entitled to one vote per share.
Long term Borrowing
1. Rupee Term loan of Rs. 1090.16 Lakhs (Sanction of Rs.1640.00 Lakhs from State Bank of India and Bank of Maharashtra - 412.50 Lakhs) is primarily secured by way of mortgaged of fixed assets of the Company
2. Unsecured loan of Rs. 2352.97 lakhs (previous year Rs. 1525.75 lakhs) has been procured from the promoter group as promoter fund infusion towards the State Bank of India sanction loan and are repayable after maturity of the loan.
Short Term Borrowing
1. Cash credit / working capital demand loan avail from State Bank of India are secured by way of hypothecation of stock and book debts and book debts and charge over the fixed assets of the Company.
Trade Payable
The Micro, Small and Medium Enterprises Development (MSMED) ACT
Based on the information available, there are certain vendors who have
confirmed that they are covered under the Micro, Small and Medium Enterprises
Development Act, 2006, Disclosure as required by section 22 of the Micro,
Small and Medium Enterprises Development Act, 2006, are given below;
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).
The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Note- 39 : Relationship with Struck
off Companies: The Company did not have any transactions with companies struck off under Section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
Note- 40 : No transactions to report
Against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:
a) Loans/ Advance granted to Directors/Promoters/ KMP/ Related parties
b) Crypto Currency or Virtual Currency
c) Title Deeds of Immovable property not held in the name of Company.
d) Revaluation of Property, Plant and Equipment’s
e) Intangible Assets under development
f) Benami Property held under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
g) Compliance with number of layers of companies
h) Compliance with approved Scheme(s) of Arrangements
i) Undisclosed Income under Income Tax Act, 1961
j) Charges to be filed and pending satisfaction
k) Relating to borrowed funds
i) Wilful defaulter
ii) Borrowings obtained on the basis of security of current assets
iii) Discrepancy in utilization of borrowings
iv) Current maturity of long term borrowings
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