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Nivi Trading
BSE: 512245|ISIN: INE552F01011|SECTOR: Miscellaneous
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Nivi Trading is not traded in the last 30 days
Nivi Trading is not listed on NSE
Mar 12
Notes to Accounts Year End : Mar '13
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
 control,
 
 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
 2012: NIL]
 
 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
 rupees.
 
 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.
Source : Dion Global Solutions Limited
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