| 1. Terms /rights attached to shares issued subscribed & paid-up
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. The company has not declared any dividend.
2. For the period of last five years from this Balance Sheet date the
company has not allotted any bonus shares, or issued any shares for
consideration other than cash or has bought back any shares.
3. Nature of Security and terms of repayment for Borrowings
Working capital loan from State Bank of India is secured by equitable
mortgage on Flat no. 70, 7th Floor, Blue Haven, Mount Pleasant Road,
Malabar Hill, Mumbai- 400006 in the name of director of the company and
hypothecation of all fixed assets and entire current assets of the
company.
Further secured by personal guarantee of the directors Sh. Kishore
Mehta and Smt. Asha Mehta
There is no default in repayment of loan and interest as on the date of
Balance Sheet.
4. The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to the current year.
5. No amount due/ payable to any Micro, Small & Medium Enterprises.
6. Segment Reporting
(a) Primary Segment (Business Segment) :-During the year the major
operations of the company were trading operation, which constituted
more than 90% of the total revenue of the company. Hence no separate
disclosure of segments is required.
(b) Secondary Segment (Geographical Segment) : The entire sales of
company is within India therefore it has only one geographical segment.
Hence no separate disclosure of segments is required.
7. Contingent Liabilities:- NIL
8. In the opinion of management, loans & advances and investments are
approximately of the value stated, if realised in the ordinary course
of business unless and otherwise stated. The provisions of all
liabilities are adequate and not in excess of the amount reasonably
necessary.
9. C.I.F Value of Imports Nil Nil
10. F.O.B. value of exports Nil Nil
11. Expenditure in foreign currency Nil Nil
12. Expenditure in foreign currency Nil Nil
13. Disclosure as required by Accounting Standard - 18 on "Related
Party Disclosures" issued by the Institute of Chartered Accountants of
India are as follows :
a) Relationship
i. Key Management Personnel & their relatives
Mr. Kishore Mehta, Director Mrs. Asha Mehta
ii. Enterprises owned or significantly influenced by key management
personnel or their relatives where transactions have taken place:
ABOK Spring Pvt. Ltd.
Quanta Plast Polymers Pvt. Ltd.
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