(ii) Rights, preferences and restrictions attached to shares
Equity Shares: 1) The Company has only one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of Equity Share is entitled to one vote per share. The Company has not declared any dividend.
2) In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity shares held by the shareholders.
TheCompanyhasissued90,000equityshareasaRightIssuehavingparipassurankwiththeexistingequitysharesofthec ompanyvide meeting held of Board of Directors dated 20/03/2025, at a premium of Rs. 120 and having a face value of Rs. 10.
TheCompanyhasissued37,000equityshareasaRightIssuehavingparipassurankwiththeexistingequitysharesoftheco mpanyvide meeting held of Board of Directors dated 28/03/2025, at a premium of Rs. 120 and having a face value of Rs. 10.
i. Earning available for Debt Service = Net Profit before taxes + Non-cash operating expenses + Interest + other exceptional item
ii. Debt service = Interest & Lease Payments + Principal Repayments
iii. Capital Employed = Tangible Net Worth + Total Debt + Deferred Tax Liability Reasons for Variances
1) Current Ratio : In comparision with the current liabilities there is increase in Inventory and in Trade receivable. Hence, variance incurred.2) Debt Equity Ratio: In compare to increase in Loan amount there is higher increase in share holder fund. hence, variance incurred.
3) Return on equity ratio: In compare to previous there is an increase in share capital fund and increase in profit after tax (due to increase in business in comapre to previous year), variance incurred.
4) Inventory Turnover Ratio: In compare to previous year there is higher increase in inventory holding and increase in total turnover of the company.5) Trade Receivable Turnover: In current year there is higher increase in turnover and incomare to that there is lower collection, hence variance incurred.6) Trade Payable Turnover ratio: In comparision to previous year, company is making an efficient payments to its creditor. Hence, positive variance incurred.
7) Net Capital Turnover ratio: In compare to previous year, there is increase in turn over and increase in working capital of the company, hence variance incurred.
8) Return on Capital Employed: There is increase in earning of the company in comparision with the previous year, hence variance incurred.
30 Other Statutory Disclosures as per the Companies Act, 2013
1. Title deeds of Immovable Property are held in name of the Company.
2. The Company has not granted any Loans or Advances in the nature of loans to promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are (a) repayable on demand or (b) without specifying any terms or period of repayment.
3. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
4. The Company has not declared willful defaulter by any bank or financial institution or other lender.
5. Based on the information available with the Company, the Company does not have any transactions with companies struck off u/s 248 of the Companies Act, 2013.
6. The Company has not traded or invested in Crypto currency or Virtual Currency during the audited period.
7. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
8. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
9. The Company has not entered into any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.
10. The Company has not entered into any scheme of arrangement therefore approval of competent authority in terms of sections 230 to 237 of the Companies Act, 2013 is not required.
11. The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.
Regrouping
311. The figures of the previous year have been re-arranged, re-grouped and re- classified wherever necessary.
2. Trade payable and Trade receivable balances are re-grouped according to its nature of transactions and accordingly previous year ageing is also regrouped accordingly.As per our report of even date.
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