| 1. (A) Rights, Preference and Restrictions attached to Equity Shares
Equity Shareholder is entitled to one vote per share. The Company
declares dividend proposed by the Board of Directors, if any, is
subject to the approval of the shareholders in the ensuing Annual
General Meeting. Dividend is paid to the Equity Shareholders whose name
appears in the Registrar of Members as on AGM Date. In the even of
liquidation of the Company, the equity shareholders will be entitled to
receive any of the remaining assets of the Company, after distribution
of all preferential amounts. Distribution will be in proportion to the
number of equity shares held by the shareholders.
2. Disclosures required under section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
The Company has complied this information based on the current
information in its possession. As at 31st March, 2014, no supplier has
intimated the Company about its status as Micro or Small enterprise or
its registration with the appropriate authority and under the Micro,
Small and Medium Enterprises Development Act, 2006. However, in view of
the management the impact of interest if any, that may be payable in
accordance with provisions of this Act is not expected to be material.
3. Income Tax Provision
No Provision for Income Tax have been made as there is no profit during
the year.
4. Segment Reporting
The Company operates in only one business segment hence segment wise
reporting as required by AS 17 issued by Institute of Chartered
Accountant of India, is not applicable
5. Balance of Debtors and creditors and advances/deposits revived from
dealers/customers are as per book of accounts. Sundry creditors are
subject to confirmation and reconciliation, if any.
6. In the opinion of the Board of Directors and to the best of their
knowledge adequate provisions has been made in the accounts for all
known liabilities and the current assets, loan and advances have a
value on realization in the ordinary course of business.
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