| 1. Terms / rights attached to equity shares
(a) The Company has Two class of shares:
(i) Equity shares having a par Value of Rs. 10/- per Share. Each holder
of equity shares is entitled to one Vote per share.
(ii) 1% Redemable Preference shares having a par Value of 100/- per
Share redeemable on 30th October, 2016.
(b) The dividend on equity shares proposed by Board of Directors is
subject to approval of shareholders in the ensuing Annual General
Meeting.
(c) In the event of liquidation of the company, the holders of equity
shares will be entitled to receive the remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders
(d) The company has not issued any bonus shares or bought back the
equity shares in the last 5 years immediately preceding the balance
sheet date.
2. Contingent Liabilities As At As At
31.03.2014 31.03.2013
i) Income Tax Matter Rs.7,88,600 Rs.7,88,600
ii) Dividend Arrears of 1% Redeemable
Cumulative Preference Shares Rs.71,25,000 Rs.66,50,000
3. Deferred Tax :
The Company has not recorded cumulative net deferred tax assets as of
31.03.2014 in view of uncertainty of reversal of the same in immediate
future.
4. Segment Reporting
As the Company has only one reportable segment, segment reporting as
per Accounting Standard - 17 is not applicable.
5. Previous year figures have been regrouped and / or reclassified
wherever necessary to correspond with current year's classification /
disclosure in consonance with the revised schedule VI of the Companies
Act, 1956.
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