COMPANY OVERVIEW
Silver Oak (India) Limited (the "Company") is a public limited company
incorporated and domiciled in India and has register office at Indore.
Its share are listed on Bombay Stock Exchange.The Company is engaged in
the manufacturing and selling of Indian made foreign liquor.The Company
caters mainly to the domestic market
2. Share Capital
2.1 Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of
Rs. 10/- per share. Each holder of equity shares is entitled to one
vote per share.
In the 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 preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
3. Related party disclosure with following Accounting Standard -18
Key Management Personnel and their relatives
Mr. Sanjeev Dodhy, Mr. Himanshu Dodhy, Neera Dodhy, Bhupendra singh
4. CONTINGENT LIABILITIES
(a) In the opinion of the Board of Directors, all the known liabilities
have been accounted for
(b) Contingent liability that may arise due to delayed / non-compliance
of certain fiscal statutes amount unascertainable.
(c) Contingent Liabilities [ to the extent not provided for ]
[a] M.P Excise matter, under disputes Rs. 12.68 Lac [ Previous Year Rs.
12.68 ]
[b] M.PVAT matter, under disputed Rs. 2.32 Lac [Previous Year Rs. Nil ]
(d) The company does not possess information as to which of its
suppliers are ancillary industrial undertaking / small scale industrial
undertaking holding permanent regis- tration certificate issued by the
Directorate of Industries of a State or Union territory, consequently,
the liability, if any, of interest which would be payable under. The
inter- est on delayed payments to Small Scale and Ancillary Industrial
Undertakings Act, 1992 cannot be ascertained. However, the Company has
not received any claims in respect of interest.
5. Balance of Sundry Debtors, Sundry Creditors, Trade Deposit, Loan &
Advances and others are subject to confirmation. However, in the
opinion of the management theses accounts will fetch the amount as
stated in the books of accounts on realisation in the ordinary course
of business.
6. Expenditure & Earning in foreign currency Rs. Nil [Previous Year
Rs. Nil]
7. Previous year's figures have been regrouped /reclassified wherever
necessary to confirm to current year's classification.
|