| 1. GENERAL INFORMATION
FLORA TEXTILES LIMITED is a public limited company incorporate in India
under the provisions of the Companies Act, 1956. The company is engaged
in the business of Manufacturing of fabric.
2. Terms/Rights attached to Equity shares
The company has only one class of equity shares having par value of
Rs10/- per share. Each share holder is eligible for one vote per share.
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 of their share holding.
3. The balance in parties accounts are subject to confirmation and
reconciliation, if any. In the opinion of the management all current
assets including stock in trade/sundry debtors and loans and advances
in the normal course of business would realize the value atleast to the
extent stated in the Balance sheet.
4. Based on information available with Company, there are no
outstanding dues to enterprise under MSMED Act 2006, at the year end.
5. RELATED PARTY DISCLOSURE:
1) Name of Related Parties and description of Relationships:
a Holding companies, Subsidiaries & Fellow Subsidiaries Nil
b Associates & Joint Ventures Nil
c Individuals owning control or significant influence
over the enterprise, and relatives of any such Nil
individual;
d Key management Personnel Mrs Nidhi Gupta
[MD] Mr Hemant
Kumar Gupta [CFO]
Relatives of Key management Personnel Nil
e Enterprises over which any person described in
(c) or (d) is able to exercise significant influence Nil |