| 1. (a) Rights, preferences and restrictions attached to shares:
The Company has only one class of shares referred to as equity shares
having a par value of Rs.10/- Each holder of equity shares is entitled
to one vote per share.
In the event of liquidation of the Company, the holders of the equity
shares of the Company will be entitled to receive any of the remaining
assets of the Company, after distribution of all preferential amounts.
However, no such preferential amounts exist currently. The distribution
will be in proportion to the number of equity shares held by the
shareholders.
2. a) Figures of the previous year have been regrouped / rearranged
wherever necessary to confirm to those of the current year.
b) The Company was registered as Non Banking Financial Company with
Reserve Bank of India. The Company is deregistered as per letter dated
28th June, 2013 from Reserve Bank of India as a Non Banking Financial
Company.
c) Since company has no employee during the year, no provision in
respect of any employees benefits has been made.
d) Bank Balances, Advances, Bank Loans, Deposits are subject to
confirmation and reconciliation.
e) In the opinion of the Board, subject to notes in earlier clauses,
current assets and loans and advances are approximately of the value
stated, if realised, in the ordinary course of business and provision
for all known liabilities has been made.
f) Segment reporting as defined in Accounting Standard 17 is not
applicable since no business is carried on.
g) Expenditure in Foreign Currency, Earning in Foreign Exchange,
Remittances in Foreign Currency, Import on CIF basis Nil (March 31,2013
: Nil)
(h) There is no business activity carried out by the company. The
company does not forsee any prospect of carrying out business during
near future. There is uncertantity as to the claiming any business loss
or depreciation for the purpose of income tax and hence no deferred tax
asset is provided in books.
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