Out of above :
(a) 10000 Equity Shares have been alloted as fully paid up for
consideration other than cash
(b) 1089400 Equity Share fully paid up have been issued as Bonus Shares
by Capitalisation of revaluation Reserve
1. Terms Loan from SICOM secured by first legal mortgage of loan entire
present and future fixed Assets of the Company at Murbad, MIDC area,
Thane hypothecation of the Plant and Machinery, Electric Installation
Furniture & Fixture, vehicles and others movable assets of the Company
and floating charges on all the other assets of the Company.
2. Cash credit secured by hypothecation of all stock and Book debts
and personnel guaranty of the Directors.
3. Previous year figure have been regrouped / rearranged wherever
necessary in conformity with current years grouping.
4. The contingent liabilities not provided for in respect of :
Letter of Credit outstanding Rs. NIL (Previous year Rs. 25,00,000/-)
5. Debit & credit balances of parties are subject to confirmation.