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SENSEX NIFTY India | Notes to Account > Textiles - Processing > Notes to Account from Arex Industries - BSE: 526851, NSE: N.A

Arex Industries

BSE: 526851|ISIN: INE480H01011|SECTOR: Textiles - Processing
Mar 19, 16:00
-1.55 (-1.61%)
VOLUME 1,126
Arex Industries is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
 1. Share Capital :
 Terms / Rights attached to Shares
 Equity Shares : The Company has only one class of equity shares having
 at par value of Rs. 10/- per share. Equity shares are pari passu in all
 respects and each shareholder is eligible for one vote per share held.
 The Company declare and pays dividend in indian rupees. The dividend
 proposed by the board of Directors is subject to the approval of the
 shareholders at the ensuing AGM. In the event of liquidation of the
 company, the equity shareholders are eligible to receive the remaining
 assets of the Company, after distribution of all preferential amounts
 in proportion to their shareholding.
 2. The figures are rounded off to the nearest rupee and previous year
 figures are regrouped and rearranged, wherever necessary to make them
 comparable with current year figures.
 3. Trade Receivables are subject to conformation from parties and
 reconciliation if any.
 4. In the opinion of the Board, the current assets, loan and advance
 have a value on realisation in ordinary course of business at least
 equal to the amount at which they are stated.
 5. Segment Reporting
 Company has only one primary segment of manufacturing and sale of
 labels and does not fall under secondary segment. In view of this,
 details of segment information is not given as required by AS 17
 Segment Reporting.
 6. Related Party Transactions
 (A) Related Parties and nature of relationship
 Sr.No.  Name of Related Party               Description of Relationship
 1.      Mr. Dinesh Bilgi                    Managing Director & CFO
 2.      Mr. Neel Bilgi                      Managing Director
 3.      Mr.   Chirag Bilgi                  Managing Director
 4.      Mr.   Pragnesh K. Shah              Executive Director
 5.      Mrs. Kairavi Bilgi                  Company Secretary
 1.      Mr.  Laxman C. Tilani               Director
 2.      Mr.   Dinesh H. Pande               Director
 Entities in which relatives of Key Managerial Personnel are interested
 1.     ANC Systems LLP                      Firm (Company) in which
       (Earlier ANC Systems Pvt Ltd)        (was) relative of a Director
                                             is Partner (Director)
 2.    Latha Services LLP                    Firm (Company) in which
       (Earlier Latha Services Pvt Ltd)     (was) relative of a Director
                                             is Partner (Director)
 3.    Ultra Polydye Pvt. Ltd.               Company in which relative
                                             of a Director is member
Source : Dion Global Solutions Limited
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