1. ) 1. ) 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, the Equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
2. ) 40,00,000 Bonus Shares has been allotted to the promoters (Gaurav Lath and Nitin Jain (20 shares allotted for each
share held)) during the current year.
24. In respect of an issue of securities made for a specific purpose, the whole or part of the amount which has not been used for the specific purpose at the Balance Sheet date, that shall be indicated by way of note how such unutilized amounts have been used or invested.
25 The company has used the borrowings from banks and financial Institutions for the specific purpose for which it was taken at the, Balance sheet date.
26 in the opinion of the Board, all of the assets other than Property, Plant & Equipment, Intangible Assets and noncurrent investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the financial statements.
27 The company does not have any long term contracts including derivatives contracts.
0 Undisclosed Income
The Company has not surrendered or disclosed any transactions, previously unrecorded as income in the books of accounts, in the tax assessments under the Income tax Act, 1961 as income during the year.
p Corporate Social Responsibility- Not applicable
q Details of Crypto Currency or Virtual Currency - Nil
37. The balance in Trade Payables, Trade Receivables and Loans and Advances etc. are subject to their confirmation.
38. The Micro, Small and Medium Enterprises Development Act, 2006, the company is required to identify the Micro, Small and Medium suppliers and pay them interest on over dues beyond the specified period, irrespective of the terms agreed with the suppliers. The company has identified such suppliers.For the current year no interest has been paid or provision made. The amount of interest payable on such overdues is calculated as follows:
39. The Related parties are defined by the Accounting standard 18 "Related Party Disclosure” notified under the Companies (Accounting Standards) Rules, 2006 which are applicable on the company in terms of Rule 2 of the Companies (Indian Accounting Standards) Rules 2015 notified under Companies Act, 2013 in respect of which the disclosure has been made, have been identified on the basis of disclosures made by the key management person and taken on record by the Board. The related party disclosure are as under: -
48 Details of Benami Property held - The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts. -Yes except few instances
49 Wilful Defaulter - The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet.
50 Relationship with Struck off Companies - The Company do not have any transactions with companies struck off.
42 immovable property not held in the name of the Company - No such immmovable property
43 Where the company has revalued its Property, Plant and Equipment, to disclose whether revaluation is based on the valuation by registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules 2017 - Not revalued
44 Loans or Advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties that are a) repayable on demand or b) without specifying any terms or period of repayment
47 Details of Benami Property held - The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
54 Utilisation of Borrowed funds and share premium
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding, whether recorded in writing or otherwise, that the intermediary shall lend or invest in party identified by or on behalf of the Company.
The Company has not received any fund from any party(s) (funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by on behalf of the Company (ultimate beneficiary) or provide any guarantee, security or like on behalf of the ultimate beneficiaries.
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