| A) Terms / Right attached to equity shares
The Company has one class of issued shares referred to as equity shares
having a par value Rs. 1/-each. Holder of equity shares is entitled to
one vote per share. The dividend proposed by the board of directors, if
any, is subject to the approval of shareholders in Annual General
Meeting. In the event of liquidation of the Company the holder of the
equity shares will be entitled to receive remaining assets of the
Company after settlement of all preferential amounts. The distribution
will be in proportion to the number of equity shares held by the equity
shareholders.
D) Aggregate number of bonus shares issued, shares issued for
consideration other than cash and shares bought back during the period
of five years immediately preceding the reporting date
No Bonus shares, shares for consideration other than cash have been
issue during the period of five years immediately preceding the
reporting date.
2 OTHER NOTES TO ACCOUNTS
The Balance in parties accounts are subject to confirmation and
reconcilition, if any. In the opinion of the management all current
assets including sundry debtors and loans and advances in the normal
course of business would realize the value at least to the extent
stated in the Balance sheet.
3 MICRO, SMALL AND MEDIUM ENTERPRISES
The company is in process of identifying the parties who are covered
under Micro, Small and Medium Enterprises.
4 CONTINGENT LIABILITIES
(to the extent not provided for)
2015 2014
a) Guarantee given by Bankers and outstanding - -
b) Estimated amount of contracts remaining to be
executed on Capital Accounts and not Provided or - -
(net - - after advance Payment)
c) Liability towards Income Tax as determined
by the authority through 15,573,740.00 -
The Assessment Order dated 28/03/2015 U/s 143(3) of the Income Tax Act.
An appeal to the CIT (A) U/s 246 has been preferred by the company
against the said order on 22/04/2015.
5 RELATED PARTY DISCLOSURES
(As identified by the management and relied upon by Auditors)
a) Name of related parties and nature of relationship where control
exists are as under:-
I) Directors
Mr. Manoj Kasliwal Mrs. Sharda Kasliwal Mr. Dalip Kumar
II) Key Management Personnel
Ms. Deepti Dubey (CEO)
Mr. Rajendra Kumar Mungar (CFO)
Mr. Punit Kumar Sahu (CS)
III) Companies in which Directors are interested
Pumarth Meadows Private Limited Pumarth Credit and Capital Limited
6 Previous Year figures have been regrouped / reclassified wherever
necessary.
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