| a) Terms/ rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs 10/- each. Each holder of equity shares is entitled to one vote per
share. The Company declares and pays dividend in Indian Rupees.
In the event of liquidation of the Company, the holders of equity
shares will be entitled to received remaining assets of the Company,
after distribution of preferential amounts. The distribution will be in
proportion to the numbers of equity shares held by the shareholders.
a) From Small Industries Development Bank of India
Secured by exclusive first charge of Lab Equipment acquired by the
company for the expansion project of Mumbai Laboratory, mortgage of
leasehold rights of the immovable property of a company, personal
guarantee of two directors and corporate guarantee of a company and
pledge of shares held by promoters.
b) From Punjab National Bank (Corporate Loan)
Secured by equitable mortgage of immovable property and personal
guarantee of two directors and corporate guarantee of a company.
c) From Citiabank NA
Amount secured by mortgage of immovable property of the company and a
director and personal guarantee of two directors of the company.
a) From Punjab National Bank
Secured by equitable mortgage of Industrial galas and hypothecation of
Block of Assets and Raw Material, Stock -in- process, Finished Goods,
Stores and Spares and Packing Material lying at Company's Premises at
Vasai, warehouse, import documents representing import of goods for
various places and Assignment of book debt of the Company Deposit of
Receipted Challans alongwith Invoices and personal guarantee of two
directors and corporate guarantee of a company.
The Company has not received any intimation from "suppliers" regarding
their status under the Micro, Small and Medium Enterprises Development
Act,2006 and hence disclosures, if any relating to amounts unpaid as at
the year end together with interest paid/payable as required under the
said Act have not been made.
1 Disclosure in Respect of Leases
The Company's leasing arrangements are in respect of operating leases
for factory, office premises & guest house occupied by the Company.
These leasing arrangements are cancellable except during the lock in
period, and are renewable on a periodic basis by mutual consent on
mutually acceptable terms.
| 