| 1. Terms/Rights Attached to Shares
The company has only one class of equity shares having a par value of
Rs. 10/- per share. Each holder of equity shares is entitled to one
vote per share. The company declares and pays dividends to the holders
of equity shares in Indian rupees. The dividend proposed by Board of
Directors is subject to the approval of the shareholders in the ensuing
Annual General Meeting.
2. With regarding the realizable value of certain Securities held as
stock in trade, which are non traded and the market value of the same
is not available. The company is of the view that the realizable value
would be higher than the cost and that if not so, the same would not be
material and therefore no adjustment is required to the carrying cost
of inventories.
3. Contingent Liability towards Income Tax is Rs.64,890/- (P.Y. Nil).
4. Other Information pursuant to the provisions of Schedule III of
Companies Act, 2013 are either Nil or Not Applicable.
5. In the opinion of the management the company is mainly engaged in the
business of Capital Market Activities and all other activities of the
Company revolve around the main business, and as such, there are no
separate reportable segments.
6. Information on related party transactions as required by Accounting
Standard 18 issued by the Institute of Chartered Accounts of India for
the year ended 31st March 2015.
a) Key Managerial Persons: Sureshchand P Jain
b) Companies/Firms over which the key Pride Hotels Ltd
Managerial Persons/ Relatives have Meena Invetment Corporation
significant Influence or control: Pride Builders LLP
7. Information (to the extent applicable) pursuant to AS 19:
The Company's significant leasing arrangements are in respect of
operating leases for Office premises. These leasing arrangements which
are not non-cancelable range between 8 months, or longer, and are
usually renewable by mutual consent on mutually agreeable terms. The
aggregate lease rentals payable are charged as rent under schedule E.
The particulars of these leases are as follows:
(Rs. In Lacs)
PARTICLUARS 2014 - 2015 2013 - 2014
Future Minimum lease payments
obligation on
non-cancelable operating leases :
Not later than one year - -
Later than one year and not
later than five years. - -
Later than five years - -
Lease payments recognized
in Profit & Loss Account 1,20,000 1,20,000
8. Figures of previous year are regrouped and reclassified as and when
necessary.
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