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
2(e) distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held at the time of commencement of winding-up.
2(f) The Shareholders have all other rights as available to equity shareholders as per the provisions of The Companies Act, 2013, read together with the Memorandum of Association and Articles of Association of the Company, as applicable.
2(g) The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's residual assets. Equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder are in proportion to its share of the paid-up equity capital of the Company.
2(h) No dividend is declared by the Company during the year ended on March 31, 2025.
2(i) During the year the company has issued fully paid up 4,85,000 equity shares having face value of Rs 10 each and 1,38,500 convertible warrants having face value of Rs. 10/- each through prefencial issue
The cash credit facility availed from Bank of Maharashtra , Malad west branch (Mumbai) has been secured by hypothecation of Fixed deposit
I. Primary Security : Hypothecation of stocks & receivable, debtors upto 120 days shall be reckoned for DP purpose. Obsolete stock, and debtors from associated and related concerns would not be considered for calculation of DP.
ii. Secondary security : Plot No 38,survey no 66/1 of village waliv hissa no part waliv Taluka vasai, district Palghar
iii. Gaurantee : Personal Guarantors are Mr Satish Kumar Pandey,Mr Sanjay Kumar Pandey and Mrs Ragini Satish Pandey
Rate of Interest : Subject to change upward and downward as the case may be , in line with movement of Repo Linked Lending Rate(RLLR). At present RLLR is 8.20%.
Repayment : On demand
2) Details of Security for CC/Overdraft form ICICI Bank
The Cash Credit facility availed from ICICI Bank , Goregaon East Branch (Mumbai)
i. Primary Security : Hypothecation of Stocks & receivable of ,Debtors Upto 120 days shall be reckoned for DP purpose.
ii. Secondary secuity :71 And 81 Dhawalgiri CHSL.Near Megh Malhar Complex, Yashodham Goregaon East,Mumbai Maharashtra India 400063,Plot No. 38, Waliv Phata Satavli Naik Pada, Plot No 38,S No.66 Achor Mark Industrial, Naik Pada link road/ Pol Road, Vasai Road , District Palghar
iii. Gaurantee: Personal Guarantors are Mr Shyama Tiwari, Satish Kumar Bihari Pandey.Sanjay Kumar Pandey and Ragini Satish Pandey
Rate of Interst : Subject to change Upward and Downward as the case may be ,In line with movment of Repo Linked Lending rate is 6.25% and Spread is 3.25%
19 Commitments and Contingent liabilities
There are no commitments & contigent liabilities as on balance sheet dates.
20 The entire raw material consumption of the company is indigenous.
22 Other statutory information
(i) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
(ii) The Company do not have any transactions with companies struck off.
(iii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,
(iv The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.
(v) The Company have 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
(vi) The Company have 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,
(vii) The Company have not any such 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.
. Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.
. The Company has used all borrowings from bank and financial institution for the specific purpose for which it was taken at balance sheet date.
. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with current year's classification.
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