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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 531330ISIN: INE443N01017INDUSTRY: Watches

BSE   ` 9.75   Open: 9.75   Today's Range 9.75
9.75
+0.46 (+ 4.72 %) Prev Close: 9.29 52 Week Range 5.00
9.75
Year End :2014-03 
1 (a) Estimated amount of contract remaining to be executed

                                       Current Yr  Previous Yr

On capital account and not provided for    Nil         Nil

(b) Contingent Liabilitifisgfr             Nil         Nil

2. Due to no tradimcf'and marurarcturing activities, additional information as per schedule VI oMU Act, 1956,is not applicable.

3. Auditors remuneration is Rs.20000/- (Previous year Rs.20000/-)

4. Previous year figures are regrouped / rearranged wherever necessary.

4.1 Terms/Riqhts attached to Equity Shares:

The Company has only One class of Equity Shares having a par value of Rs. 10/- per Share. Each holder of the Equity Shares is entitled to one Vote per Share. The Company declares and pays Dividend in Indian Rupees The Dividend will be proposed by the Board of Directors and the same will be be subject to the approval of the Shareholders at the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company , after distribution of all preferential amounts. The distribution will be in nronortion to the number of eauitv shares held bv the shareholders

As per the records of the company, including its register of shareholders / members and other declarations from shareholders regarding beneficial interest the above shareholding represents both legal and beneficial ownerships of shares.

Note: Related parties have been identified by the Management.

(b) Details of Related Party Transactions during the year ended 31st March, 2014 and balances outstanding as at 31st March, 2014.