| 1) Rights and Restrictions of the Equity Shares holders
Following are the rights attached to 30273600 equity shares;
(I) Rights to receive dividend as may be approved by the Board/Annual
General Meeting
(II) Rights to attend the Annual General Meeting of the Company and
right to vote
Apart from the above, the Equity shares rank pari passu and are subject
to the rights, preference and restrictions under the companies Act.
2) There are Nil number of shares (Previous year Nil) in respect of
each class in the company held by its holding company or its ultimate
holding company including shares held by or subsidiary or assoicates of
the holding company including shares held by or by subsidiary or
assoicates of the holding company or the ultimate holding company in
aggregate.
3) There are Nil number of shares (Previous year Nil) reserved for
issue under option and contracts/ commitment for the sale of
shares/disinvestment inclusing the terms and amounts.
4) For the period of five years immediately preceding the date as at
which the balance sheet is prepared.
5) There are no securities (Previous year no) convertible into
Equity/Preferential Shares.
6) There are no calls unpaid (Previous year no) including calls unpaid
by Directors and Officers as on balance sheet date.
7. Segement Results
During the year, the Company has only one reportable segment, i.e.
investment.Hence separate segment report as required under accounting
standard 17 is not presented.
8. Related Party Disclosures ( As identified by the Management)
i) Related Party Relationships
(a) Where control exists Teekay International
(b) Key Management Personnel 1) Jitendra Kantilal Vakharia
2) Varsha J.Vakharia
(c) Relative of Key Management Personnel Nil
(d) Other related Parties Nil
9. The Company has not recognised "Deferred Tax Assets" as required by
Accounting Standard 22, (Accounting for Taxes on Income) issued by
Institute of Chartered Accountants of India as Company is not certain
that sufficient taxable income will be available against which such
"Deferred Tax Assets" can be realised.
10. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the same value as stated in the Balance Sheet if
realised in the ordinary course of business.
11. Contingent Liabilities: - Nil
12. There are no Micro, Small and Medium Enterprises, as defined in
Micro, Small, Medium Enterprises Development Act,2006 to whom the
Company owes on account of principal amount together with interest and
accordingly no additional disclosures have been made.
13. The information required under paragraph 5 of part II of Schedule
III of Company's Act,2013 (As certified by the management) to the
extent applicable are as under.
14. Trade Payable are subject to confirmation.
15. Previous year's figures have been regrouped, rearranged or recast
wherever considered necessary, so as to make them comparable with
current year figures.
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