17.5 Terms/ Rights attached to Equity Shares:
The Company has only one class of Ordinary shares having a face value of Rs.10 per share and each holder of Ordinary shares is entitled to one vote per share The Company declares and pays dividends in Indian Rupees The dividend proposed by the Board of Directors {except interim dividend) is subject to the approval of the shareholders in the Annual General Meetings, The claim of Ordinary Shareholders on earnings and on assets in the event of liquidation, follows all others, in proportion to their shareholding-
17.6 Shareholding Pattern with respect of Holding or Ultimate Holding Company
The Company does not have any Holding Company or Ultimate Holding Company
17.8
No ordinary shares have been reserved for issue under options and contracts/commitments for the sale of shares/ disinvestment as at the Balance Sheet date.
17.9 The Company has not allotted any equity shares against consideration other than cash nor has allotted any shares as fully paid up by way of bonus shares nor has bought back any shares during the period of five years immediately preceding the date at which the Balance Sheet is prepared
17.10 During the Financial Year the Company Issued 12,18,100 (P,Y. Nil) Equity Shares through private placement
17.11 No calls are unpaid by any Director or Officer of the Company during the year.
za.4 Rate of interest and Re-Payment Schedule for term Loan from State Bank of India:
Term Loan has to be availed within a period of 6 month from the date of sanction (Sanction Amount is Rs 35 Lacs) Effective interest rate of term loan taker is B 35 %
p.a. Moratorium period Df 6 Months and then in 34 monthly installments of Rs 416.67 (in hundreds) each with the first installment commencing on August 2022 and
the last installment falling due on July 2029. Term loan availed as on 31.03.2022 from State Bank of India is Rs. 21,453.03 {in hundreds)
20.5 Rate of Interest and Re-Payment Schedule for term Loan from Mahindra & Mahindra Financial Services Limited
Term Loan amounting to Rs. 8,200 00 (in hundreds) has been availed to purchase vehicle. Effective interest rate of term loan taken is 7.50% p a. Term Loan is Repayable in 60 monthly installments of Rs. 173.30 (in hundreds) each with the first installment commencing on July 2022 and the last installment falling due on August 2027,
Term Loan amounting to Rs. 8,900-00 (in hundreds) has been availed to purchase vehicle . Effective interest rate of term loan taken is 12.03 % p a. Term Loan is Repayable in 59 monthly installments of Rs. 199 00 (in hundreds) each with the first installment commencing on June 2023 and the last installment falling due on April 2028
22.2 Terms and conditions of Current Borrowings .
The Current Borrowings from State Bank of India are secured primarily by way of hypothecation of stocks of tea crops, green leaves, stores & spares, book debts,
other current assets, plant & machinery and other fixed assets, equitable mortgage of all piece and parcel of land measuring approx 126 acres land and building there
on under Berubari G,P,Situated at Oist Jalpaiguri.and further secured by personal guarantee of Promoter Directorj.e. Sri Manoj Kumar Daga.
223 The aggregate amount of loan guaranteed by Director is Rs. 3,70,473.29 (Previous Year Rs. 3,79,509.86) (in hundreds)
22.4 The present applicable rate of interest per annum for Cash Credit loan from State Bank of India is 10 35 % .
22.5 The present applicable rate of interest per annum for Stand by line of Credit loan from 5tate Bank of India is 11.35 % .
Above mentioned liabilities are Disputed Income Tax liabilities which are pending with Income tax department hence not provided for.
b) Estimated amount of expenditure remaining to be executed on capital account (net of amount already expended) Rs. Nil (previous year Rs. NIL).
37. Claim against the company not acknowledged as debt: -
The W.B.R.E. & P.E. Cess of Rs.2,780.00( in hundreds) was not acknowledged by the company as debt and had been written back to the accounts in the year 2013-14. The management is confident that no liability would arise on W.B.R.E. & P.E. Cess.
38. Balance of Trade Payables, Trade Receivables, Loans and Advances are subject to confirmation.
In view of the management these amounts are receivable/payable in the ordinary course of business.
39. In terms of the Ind AS 108, issued by the ICAI, neither a business segment nor a geographical segment has been identified as reportable segment during the year.
40. Total value of stores & spare parts and packing material consumed: Indigenous - 100% - Rs. 19,275.46 (Previous year - Indigenous -100% - Rs. 21,341.43).
41. Income and Expenditure in Foreign Currency- Rs. Nil (Previous year Rs. Nil).
42. Additional Regulatory Information:
i) Title Deeds of Immovable Property not held in the name of the Company
Title Deeds of Immovable Property are held in the name of the Company therefore the disclosure requirement w.r.t the Title Deeds of Immovable Property not held in the name of the Company are not applicable to the company in terms of Para 6(L)(i) of Part I of Schedule-Ill of the Act.
ii) The Fair Valuation of Investment Property is based on the valuation by a Registered Valuer
The Company does not hold any Investment property and therefore the disclosure requirement w.r.t the Fair Value is based on the valuation by a Registered Valuer is not applicable to the company in terms of Para 6(L)(ii) of Part I of Schedule-Ill of the Act
l
iii) The Revaluation of Property, Plant and Equipment (including Right-of-Use Assets) is based on the valuation by a Registered Valuer
The Revaluation of Property, Plant and Equipment (including Right-of-Use Assets) has not been done and therefore the disclosure requirement w.r.t the revaluation is based on the valuation by a Registered Valuer is not applicable to the company in terms of Para 6(L)(iii) of Part I of Schedule-Ill of the Act
iv) The Revaluation of Intangible Assets is based on the valuation by a Registered Valuer
The Company does not hold any Intangible Assets and therefore the disclosure requirement w.r.t the Revaluation is based on the valuation by a Registered Valuer is not applicable to the company in terms of Para 6(L)(iv) of Part I of Schedule-Ill of the Act
v) Loans or Advances granted to Promoters, Directors, KMPs and the related parties
The Company has not granted loan to Promoters, Directors, KMPs and the related parties (as defined under the Companies Act 2013) during the year under audit and therefore the disclosure requirement w.r.t Loans or Advances granted to Promoters, Directors, KMPs and the related parties in terms of Para 6(L)(v) of Part I of Schedule-Ill of the Act is not applicable to the Company. -
vi) Capital Work-In-Progress
There is no Capital Work-in-Progress(C-WIP) during the current financial year and therefore the disclosure requirement w.r.t Capital Work-In-Progress are not applicable to the company in terms of Para 6{L)(iv) of Part I of Schedule-Ill of the Act
vii) Intangible Asset Under Development
There is no Intangible Asset Under Development during the current financial year and therefore the disclosure requirement w.r.t Intangible Asset Under Development are not applicable to the company in terms of Para 6(L)(vii) of Part I of Schedule-Ill of the Act
viii) Details of Benami Property held:
Neither any proceedings have been initiated nor any proceedings are pending against the Company for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 and the Rules made thereunder.
In view of this, the disclosure requirement in terms of Para 6(L)(viii) of Part I of Schedule-Ill of the Act are not applicable to the Company.
ix) Quarterly Returns or Statements of Current Assets and reconciliation thereof
The Company has not borrowed any money either from banks or financial institutions on the basis of security of current assets only, hence, stock statement is not mandatory to file and therefore disclosure requirement as to Quarterly Returns or statements of current assets and reconciliation thereof in terms of Para 6(L)(ix)(a) of Part I of Schedule-Ill of the Act are not applicable to the Company.
x) Wilful Defaulter
The Company has not been declared as Wilful Defaulter by any Bank or Financial Institutions or other lender and therefore, the disclosure requirement w.r.t Wilful Defaulter in terms of Para 6{L)(x) of Part I of Schedule-Ill of tfie Act are not applicable to the company
xi) Relationship with Struck Off Companies
The Company has not entered into transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 and therefore disclosure requirement w.r.t Relationship with Struck Off Companies in terms of Para 6(L)(xi) of Part I of Schedule-Ill of the Act is not applicable to the Company
xii) Registration of charges or satisfaction with Registrar of Companies
No charges or satisfaction which remains unregistered with Registrar of Companies beyond the statutory period.
xiii) Compliance with Number of Layers of Companies
No investment has been made in any company, thus the disclosure requirement w.r.t Compliance with number of layers of Companies in terms of Para 6(L}(xiii) of Part I of Schedule-Ill of the Act is not applicable to the Company.
xv) Compliance with Approved Scheme(s) of Arrangements
During the year under Audit, no Scheme of Arrangements have been approved the Competent Authority in terms of Sections 230 to 237 of the Companies Act, 2013 and therefore, the disclosure requirement w.r.t Compliance with Approved Scheme(s) of Arrangements in terms of Para 6(L)(xv) of Part I of Schedule-Ill of the Act is not applicable to the Company.
xvi) Utilization of Borrowed Funds and Share Premium
A. During the year under Audit, the company has not advanced or loaned or invested funds {either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including Foreign Entities (Intermediate) and therefore, disclosure requirement as to Utilization of Borrowed Funds and Share Premium in terms of Para 6(L)(xvi)(A) of Part I of Schedule-Ill of the Act are not applicable to the Company.
B. During the year under Audit, the Company has not received funds from any person{s) or entity(ies), including Foreign Entities {Funding Party) and therefore, disclosure requirement as to Utilization of Borrowed Funds and Share Premium in terms of Para 6(L)(xvi)(B) of Part I of Schedule-Ill of the Act are not applicable to the Company.
xvii) The Company does not have any transaction which is not recorded in the books of accounts 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). Hence, reporting in terms of Para 7(1) of Part II of Schedule-Ill - Division II of the Act is not applicable to the Company.
xviii) The Company is not covered under section 135 of The Companies Act 2013 and hence Corporate Social Responsibility Activities are not required to be done by the company
xix) The company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year. Hence, reporting in terms of Para 7(n) of Part II of Schedule-Ill of the Act is not applicable to the Company.
43. The company has sufficient, liquidity for continuing its business operations. The company is also confident about its ability to service its debt and other financial liabilities.
The figures in bracket represent corresponding amount of the previous year.
45. Previous year figures have been reclassified / regrouped to confirm the presentation requirements under IND AS and the requirements laid down in the Schedule-Ill of the Companies Act, 2013.
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