(a) Rights/ preferences/ restrictions attached to equity shares
The company has only one class of equity shars having a par value of
Rs. 10 per share Each holder of equity shares is entiltled to one vote
Note : Debit balance of statement of profit and loss shall be shown as
a negative figure under the head ''Surplus'' Similarly, the balance of
''Reserves and Surplus'', after adjusting negative balance of surplus, if
any, shall be shown under the head ''Reserves and Surplus'' even if the
resulting figure is in the negative.
I DISCONTINUING OPERATIONS: -
The company has not discontinued operations during the Financial Year
ii RELATED PARTY DISCLOURES: -
Particulars of transactions with related party
The following is a summary of significant related party transaction: -
iii CONTINGENT LIABILITIES
1. No provision has been made in the account for doubtful debts and
advances. These all are considered by the management as recoverable.
2. The pending court cases against and for the company is as under:
A In the matter of M/s Goel Agencies Pvt. Ltd/M/s Fair Deal Agencies,
Ludhiana vs. Company/ Shri Basudev Garg/ Smt. Mithlesh Garg for Rs.6,
00,528.15 - Ludhiana.
B In the matter of Semen Bank Officer/Haryana Live Stock Development
Board, Pehowa, Harayana(Milk Cess) vs. Company for
Rs.17,90,02,069/-(Including Interest of Rs 15,51,38,319/ - Chandigarh.
C In the matter of Company vs Hitkari Industries Ltd in the Karkadoma
Court for Rs.1, 85, 000 123671/- Delhi.
D In the matter of Company vs. Paradise Plastopack Pvt ltd in the court
of Kurukshetra, Haryana and Rohini, Delhi for Rs 2,75,524/-plus
Court Cases for Recovery
A In the matter of Company vs. Baldev Bhui in the Karkadoma Court for
Rs.1, 30,000/- Delhi.
B In the matter of Company vs. Prem Prakash in the Karkadoma Court for
Rs.90,000 67,000/- Delhi.
C In the matter of Company vs. Jindal Trading Co. in the Karkadoma
Court for Rs.84000/- Delhi.
iV The financial statements for the year ended 31st March, 2011 had been
prepared as per the then applicable, pre- revised Schedule VI to the
Companies Act,1956. Consequent to the notification under the Companies
Act,1956, the financial statements for the year ended 31st March, 2012
are prepared under revised Schedule VI. Accordingly, the previous year
figures have also been reclassified to conform to this year''s