| 1. Share Capital :
Terms / Rights attached to Shares
Equity Shares : The Company has only one class of equity shares having
at par value of Rs. 10/- per share. Equity shares are pari passu in all
respects and each shareholder is eligible for one vote per share held.
The Company declare and pays dividend in indian rupees. The dividend
proposed by the board of Directors is subject to the approval of the
shareholders at the ensuing AGM. In the event of liquidation of the
company, the equity shareholders are eligible to receive the remaining
assets of the Company, after distribution of all preferential amounts
in proportion to their shareholding.
2. The figures are rounded off to the nearest rupee and previous year
figures are regrouped and rearranged, wherever necessary to make them
comparable with current year figures.
3. Trade Receivables are subject to conformation from parties and
reconciliation if any.
4. In the opinion of the Board, the current assets, loan and advance
have a value on realisation in ordinary course of business at least
equal to the amount at which they are stated.
5. Segment Reporting
Company has only one primary segment of manufacturing and sale of
labels and does not fall under secondary segment. In view of this,
details of segment information is not given as required by AS 17
"Segment Reporting".
6. Related Party Transactions
(A) Related Parties and nature of relationship
Sr.No. Name of Related Party Description of Relationship
1. Mr. Dinesh Bilgi Managing Director & CFO
2. Mr. Neel Bilgi Managing Director
3. Mr. Chirag Bilgi Managing Director
4. Mr. Pragnesh K. Shah Executive Director
5. Mrs. Kairavi Bilgi Company Secretary
Directors
1. Mr. Laxman C. Tilani Director
2. Mr. Dinesh H. Pande Director
Entities in which relatives of Key Managerial Personnel are interested
1. ANC Systems LLP Firm (Company) in which
(Earlier ANC Systems Pvt Ltd) (was) relative of a Director
is Partner (Director)
2. Latha Services LLP Firm (Company) in which
(Earlier Latha Services Pvt Ltd) (was) relative of a Director
is Partner (Director)
3. Ultra Polydye Pvt. Ltd. Company in which relative
of a Director is member
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