1. Terms and rights attached to equity shares
The company has issued only one class of equity share haying a par
value of Rs. 10 per share. Each holder of equity shares is entitled to
vote per share, The company declares and pays dividend if any, in
Indian Rupees. The dividend proposed by the Board of Directors is
subject to approval of the shareholders in the ensuing Annual General
In ihe event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all the preferential amount. The distribution
will be in proportion to the number of equity shares held by the
2. Terms and rights attached to preference shares
The company has issued non- cumulative, non- convertible preference
share of Rs. 10 each at a premium of Rs. 90 each which are compulsorily
redeemable after 20 years from the date of issue.
The preference shares are having put and call option which can be
excercised by the investor or company respectively at any time before
expiry of 20 years but not earlier than expiry of 3 years from the date
of issue with a minimum notice period of 3 months.
3. Basis of preparation of Financial Statement
The Financial Statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The company has prepared these Financial Statements to
comply in all material respect with the accounting standards notified
under the Companies ( Accounting standards) Rule, 2006, (as amended)
and the relevant provision of the companies Act, 2013. The Financial
Statements have been prepared on the accrual basis and under the
historical cost convention.
4. There is no Micro, Small and Medium Enterprises as defined under
Micro, Small & Medium Enterprises Development Act, 2006 to which
Company owes dues which are outstanding for a period more than 45 days
as on Balance Sheet Date.
The above information regarding Micro, Small and Medium Enterprises has
been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.
5. Provisions of Accounting Standard (AS) - 17 on ''Segment Reporting''
are not been applicable to the Company.
6. Deferred Tax Assets and Liabilities are recognized in respect of
current year and prospective years. Deferred Tax Asset is recognized on
the basis of reasonable / virtual certainty that sufficient future
taxable income will be available against which the same can be
7. In the opinion of the management, the current assets, loans and
advances have a realizable value in the ordinary course of business is
not less than the amount at which they are stated in the Balance Sheet.
8. The management has not charged depreciation on office premises
considering the present scenario of the Company. Due to this reason,
there is an overstatement of profit in the books to the extent of
Rs.204,776/- (approx.)in the current financial year.
9. Related party disclosures/ transactions
There is no transaction entered with the related party covered by the
Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the
period covered by these financial statements.
Related Parties covered:-
(i) Key Management Personnel
Mr. Vinod Kumar Bansal (Managing Director)
Ms. Seema Mangal (Director)
Ms. Renu Bansal (Director)
Ms. Radha Agarwal (Director)
Mr. Harshit Agarwal (Additional Director)
(ii) Relatives of Key
(iii) Enterprises owned or
significantly influenced by
the Key Management Personnel or their Relatives
10. Balance shown under head Sundry Debtors, Creditors and Advances
are subject to confirmation.
11. Particulars Current Previous
Contigent Liability not provided for Nil Nil
12. Quantitive Information in respect of Opening Stock, Purchases,
Sales and Closing Stock pursuant to Schedule III of the Companies Act,
2013 are as per list attached.
13. Figures have been rounded off to the nearest rupees.
14. Figures in brackets indicate negative (-) figures.