| 1. The Reconciliation of the number of Shares outstanding:
The Company has not issued any Equity Shares during the year.
2. The Details of Shareholders holding more than 5% Shares:
3. 84,290 (Previous Year 84,290) Equity Shares are alloted as fully
paid up pursuant to contracts, without payments being received in cash
4. The Company has only one class of equity and preference shares
having a par value of Rs.10 per share. Each Equity Shareholder is
eligible for one vote per share. The dividend proposed by the Board of
Directors is subject to the approval of shareholders, except in case of
interim dividend. 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 of
theirshareholding.
5. The above facilities are further collaterally secured against
commercial building at 414, Senapati Bapat Marg, Lower Parel,
Mumbai-400013 by way of first charge on the prime and collateral
security as mentioned above.
6. The details of amounts outstanding to Micro, Small and Medium
Enterprises based on available information with the company is as
under:
7. There is no amount due and outstanding to be credited to Investor
Education and Protection Fund as at 31 st March, 2015
8. As reported earlier,the company had filed appeal with the company
law board against the dismissal of the companie's application by the
said board in 1982 in connection with the transfer of 54000 eqity
shares of the Ganesh Flour Mills Co. Ltd. to its name. The appeal is
pending for final hearing and disposal.However, by way of abundant
caution, the company during year ended 31st March,1994, stated the
value of the said investment at a token figure of Rs.1 each by writing
off the investment.
9. DEFERRED TAX ASSETS
The company has carried forward losses as per books and also as per
Income Tax Act. Deferred Tax Assets for the current year are not
accounted for in the absence of prudence and virtual certainty for
sufficient future income as required by Accounting Standard 22
"Accounting for Taxes on Income" issued by the Institute of Chartered
Accountants of India.
10. Estimated amount of Contracts remaining to be executed on capital
account and not provided for in accounts aggregate to Rs. NIL ( P.Y.
Rs. NIL)
11. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF ( Rs. in Lacs)
2014-15 2013-14
Bank Gurantees given to Clients 543.89 499.18
Income tax Demands (including interest)
- matter under rectification. A.Y. 2010-11 7.23 7.23
Income tax Demands (including interest)
- matter under rectification. A.Y. 2011-12 6.13 6.13
Income tax Demands (including interest)
- matter under rectification. A.Y. 2012-13 3.64 3.64
VAT under Appeal F.Y.2002-03 - 0.75
CST under Appeal F.Y.2004-05 4.50 4.50
CST under Appeal F.Y.2010-11 9.34 -
Claim of warranty expenses made by dealer - -
Claims made by the ex-employees of the company and pending before the
appropriate authorities in respect of dues, reinstatement, premanency
etc, which are contested by the company the liability whereof is
indeterminate.
12. RELATED PARTY INFORMATION
(A) Name of related party and Description of relationship
nature of relationship
Name of related party
1. Where signiicant influence exists:
W.H.Brady & Co Ltd Holding Company
2. Key Management Personnel:
Mr.Pavan G. Morarka Chairman
Mr. Vaibhav Morarka Executive Director
Mr.Rajendrakumar Pandey CFO
Ms Madhura Dabke Company Secretary
3. Other Related Parties
Brady Estates Pvt Ltd Associate
(Formerly Known as Brady Futures Pvt.Ltd.)
Brady Services Pvt Ltd Associate
Brady Telesoft Pvt Ltd Associate
Brady Air Pvt. Ltd Associate
Global Trade Crackers Pvt.Ltd Associate
Shivam Holding Pvt. Ltd. Associate
Zoeftig Bradys Association of Persons (AOP)
(B) Related party relationship is as identified by the Company on the
basis of information available with them and relied upon by the
Auditors
13. Previous year's figures have been regrouped wherever necessary to
make them comparable with current year.
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