|
(17) CONTINGENT LIABILITIES:
|
|
|
Following are the contingent liabilities as on the date of balance sheet
|
[Rupees in lacs]
|
|
Claims against the company not acknowledged as debt
|
1.88
|
|
In Respect of Income Tax & TDS
|
1.80
|
|
Provident Fund
|
0.36
|
|
Total
|
4.04
|
(18) MISCELLANEOUS EXPENDITURE:
There is no miscellaneous expenses as on balance sheet date.
(19) IN THE ABSENCE OF CONFIRMATIONS FOR LOANS AND ADVANCES AND PENDING RECONCILIATION THE DEBIT BALANCES IN REGARD TO RECOVERABLE, HAVE BEEN TAKEN AS REFLECTED IN THE BOOKS. IN THE OPINION OF THE MANAGEMENT, LOANS AND ADVANCES AND CURRENT ASSETS, IF REALIZED IN THE ORDINARY COURSE OF BUSINESS, HAVE THE VALUE AT WHICH THEY ARE STATED IN THE BALANCE SHEET.
(ii) Rights, preferences and restrictions attached to shares
Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
|