| 1. CORPORATE INFORMATION AND REGISTERED OFFICE
Sigrun Holdings Limited involved in carrying and undertaking the
business of finance, investment and trading. It undertakes hire
purchase, leasing, subscribing shares and debenture stock deposits and
bonds of other companies.
The Registered Office of company is as follow :
B/12, Shree Devadiga Co-Op. Hsg. Soc., Om Nagar, Sahar, Andheri (East),
Mumbai - 400099
2. Rights of Equity Shareholders :-
The Company has only one class of Equity Shares having par value of
Rs.1. Each holder of equity shares is entitled to one vote per share.In
the event of liquidation of the Company, the holder of equity shares
will being entitled to receive any of the remaining assets of the
company, after distribution of all preferential amount.
3. Holding in Other Companies :
Sigrun Holdings Limited having holding more than 5% in Sigrun Realties
Limited
* During the year Sigrun Realties Ltd has omitted 10,60,41,010 of Re.
1/- each from its Share Register on account of the shares being unpaid.
The above reduction in the holding has been effected through the
Securities Premium Account.
4. RELATED PARTY TRANSACTIONS:
Category I : Key Management Personnel :
Related Party Transactions Details of Related Parties:
Description of relationship Names of related
Key Management Personnel Mr. Vinayak Bhat Director
Mr. Muninder Kundan Director
Mr. Rohit Muslonkar Director
Associated Company Sigrun Realties Limited
Company in which KMP / Due to Investment in the
Relatives of KMP can associates companies
exercise significant
influence
5. There has been permanent diminution in the values of Shares of
Sigrun Realities Ltd to the tune of Rs 1554.08 Lacs for such diminution
has been made in the values of Sigrun Realities Ltd.
6. Earning Per Share :
The amount considered in ascertaining the Company's earning per share
constitutes the net loss after tax. The number of shares used in
computing basic earning per share is the weighted average number of
shares outstanding during the year.
7. SEGMENT REPORTING:
There are no seprate reportable segments as per Accounting Standard on
Segment Reporing(AS-17)as the company's prime business is to provide
finance.
8. The Company has not identified the enterprises faling under Micro
Enterprises and Small Enterprises and hence the liability if any has
not been determined by company.
9. The figures of the previous accounting period are re-grouped,
re-classified wherever necessary and are not comparable with the
figures of the current accounting year. The figures are rounded to
nearest rupees in lacs.
10. In the opinion of the Board of Directors of the Company the sundry
debtors, Loans and Advances, sundry creditors are subject to third
party confirmation, have a value on realization / payment in the
ordinary course of business, at least equal to the amounts at which
they are stated and the provisions for all known liabilities are
adequately made and are not in excess of the amount reasonably
necessary.
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