1. Corporate information
Nivi Trading Limited is a public limited Company and is listed on the
BSE Ltd. The Company was incorporated to carry on business as Traders,
Retailers, Whole-sellers, Exporters etc. of chemicals, dyes,
pharmaceuticals, and other general dyes and other various products.
However, the Company has yet to commence trading operations for lack of
viable propositions. The three Directors of Company are also Directors
on the Board of various Public and Private Limited Companies and thus
there is an high integrity and ethical value regarding management
2. Basis of preparation
The financial statements have been prepared to comply in ail material
respects in respects with the Notified accounting standard by Companies
(Accounting Standards) Rules, 2006, (as amended) and the relevant
provisions of the Companies Act, 1956. The financial statements have
been prepared under the historical cost convention on an accrual basis.
The accounting policies have been consistently applied by the Company
and are consistent with those used in the previous year,
3. Segment reporting
The Company is engaged in trading business in India, which in the
context of Accounting Standard (AS) - 17 Segment Reporting issued by
iCA! is considered to be it''s only business segment and thus no
geographical segment is applicable.
a. Terms / Rights attached to Equity Sharpest
The company has only one class of Equity shares having par value of
10/- per share. Each holder of equity shares is entitled to ONE vole
per share. The dividend proposed by the Board of Directors are subject
to approval of shareholders in the ensuing annual general meeting.
During the year ended 31st March 2013, the amount of dividend per share
recognized as distributions to equity shareholders was NIL (31st March
The Company has only one class of equity shares having par value of Rs
10 per share. Kadi holder of equity shares is entitled to one vote per
share. The Company declares and pays dividend, if any, in Indian
In the event of liquidation of the Company, the holders of equity
shares mil be entitled to receive remaking assets of the Company, after
distribution of all preferential amounts. The distribution will be tn
proportion to the number of equity shares Ivied by the shareholders.
b. Shares held by holding Company are as follows:
The Company is not a subsidiary of any Company and hence no related
reporting is required.
4. Director''s sitting fees
Directors have waived the sitting fees for meetings attended by them
during the year.
5. Previous Year''s figures
The Company has re-classified, re-grouped previous year figures to
conform to this year''s classification.