| Notes: A. The company does not have any holding Company or any
Subsidiary.
B. Non of the shares carry any extra rights, preferences or
restrictions.
C. There are no shares reserved for issue under options & contracts,
Commitments for the Sale of Shares / disinvestment.
D. None of the Shares of the Company were alloted otherwise than for
Cash, or as bonus shares with the period of five years prior to the
Balance Sheet date.
E. There was no buy back of the Company's Shares.
F. There are no calls unpaid, or any forefieted shares.
Current Year Previous Year
1. Contingent Liabilities And Commitments
(to the extent not provided for)
a. Contingent Liabilities not provided for - -
The Sales Tax appeal of the Company for FY 2000-01,2001-02, 2002-03 is
pending with Sales Tax authorities. During the course of the appeal the
Company had paid a deposit of Rs.11,50,000/- under protest. The
management is confident that the appeal will be decided in company's
favor and the entire amount so deposited will be refunded to company.
As such the management does not expect any impact of this pending
letigation on its financial position.
2. Inspite of our direct enquiry, till the date we have not received
any written representation from any SME regarding their eligibility
under the SME Act.
3. Exchange fluctuation recognised in Profit & loss account is
Rs.68,806/- Credit. ( Rs.1,00,658/- Credit )
4. The Company is operating in a single segment of " Industrial
Machinery".
In veiw of substantial losses incurred by the Company & the provision
of clause 15 to 18 of Accounting standard 22 on Accounting For Taxes on
Income. The Company has restricted the Deferred Tax Asset not more than
Deferred Tax Liability as above.
5. Note on Leaserent :
The Company has taken premises on lease during the year 2013-14. The
leaserent for the year 2014-15 has been debited to P & L A/c amounting
to Rs.2,25,000/- ( Rs.25,87,500/- ) The lease contract has ended w.e.f.
30/04/2014.
The Company had given deposit of Rs.48 Lacs which was due on completion
of contract. The Lessor ( i.e. Elvin Furniture Pvt.Ltd.) has repaid the
amount of Rs.48 Lacs.
6. Name of the related party and nature of relationship where control
exists :
1. Companies controlled by Envair Electrodyne Ltd. Nil
2. Subsidiary Company Nil
3. Associate Companies Nil
4. Joint Venture Companies Nil
5. Companies controlled by Key Management Personnel Elvin Furniture
Pvt. Ltd.
6. Key Management Personnel & their relatives
Key Management Personnel
Name Designation
Shripad R. Mirashi Chairman &
Managing Director
Deepanjali S. Mirashi Executive
Director & C E O
Meena Joglekar Company Secretary
Key Management Personnel Relatives
Name
Shripad R. Mirashi Manjiri S. Mirashi, Geetanjali S. Mirashi,
Deepanjali S. Mirashi
Deepanjali S. Mirashi Shripad R. Mirashi, Manjiri S. Mirashi,
Geetanjali S. Mirashi.
Meena Joglekar Surendra V. Joglekar, Amol S. Joglekar,
Suchitra S. Joglekar |