(f) Aggregate number of bonus shares issued or buy back of shares during the year of five years immediately preceding the reporting date:
The Company has issued 1,35,44,340, bonus shares in ratio of 19:5 i.e Nineteen (19) fully paid up bonus shares for every Five (5) existing fully paid equity shares hald by members as at March , 31 2023 and no buy back of shares during five years immediately preceding the year March 31, 2023.
(g) Shares reserved for issue under options
There are no shares reserved for issue under options.
(h) Shares allotted as fully paid pursuant to contracts without payment being received in cash during 5 years immediately preceding the reporting date
There are no shares allotted as fully paid pursuant to contracts without payment being received in cash during 5 years immediately preceding the year March 31, 2023.
Nature of Security
Secured by Hyp. of Stock, Books Debts Present and Future and Plot at Vasanthapura industrial estate at tumkur, karnataka and collateral of Land at Somapura Industrial Area industrial property at Mouja Naryal Parwanoo,himachal pradesh and commerical property of related party
Personal Guarantee of 1. Mr. Suklal Jain 2. Mr. Praveen Kumar Suklal Jain 3. Mr. Vikas Kumar Suklal Jain 4. Mr. Hitesh Jain 5. Mr Ashok Jain 6. Smt. Kavitha Kumari 7. Smt. Manju Jain 8. Smt. Neeta Jain 9. Smt. Nirmala Devi 10. Smt. Pooja Jain Corporate Guarantee of M/s Greenchef Manufacturers & distributors private limited
There are no charges or satisfaction of charges, which are yet to be registered with Registrar of Companies beyond the statutory period
31 Management has initiated the process of identifying enterprises, which have provided goods and services to the company and which qualify under the definition of micro and small enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 (MSMEDA) and circularized the letters for this purpose. The company has received responses from certain enterprises, which qualify as micro or small enterprise under MSMEDA. However, the amounts due to them as at the year end is reported to the extent of responses received and accordingly, the disclosure in respect of unpaid amounts are made. Further, interest arising out of transactions during the current year, are not considered but have been provided for but not due. The same, if claimed, will be paid at the time of settlement
32 There are no proceedings that have been initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended from time to time) (earlier Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder
33 The Company has not been declared willful defaulter by any bank or financial institution or any other lender
The company has no transaction with companies struck off under section 248 of the companies Act, 2013 or Section 560 of the
34 companies Act, 1956
36 The Company does not have any transaction 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). Further, there was no previously unrecorded income and no additional assets were required to be recorded in the books of account during the year.
37 The company is not covered under section 135 of the companies Act, 2013 governing provisions of Corporate Social Responsibility.
38 The Company has neither traded nor invested in Crypto currency or Virtual Currency during the period ended march 31, 2023. Further, the Company has also not received any deposits or advances from any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.
39 In respect of the Working Capital loans from banks, which are secured by hypothecation of current assets, viz. inventories,
book debts and receivables, the quarterly statements of current assets filed by the Company with banks are not in agreement with the books of account,the summary of reconciliation and reasons of material discrepancies is disclosed below
41 During the year under audit, there were no employees in receipt of remuneration of not less than Rs. 102 lacs per annum or Rs. 8.5 lacs per month employed.
42 Operating Leases:
The Company has taken premises on operating lease. The lease rentals debited to statement of profit and loss is Rs. 347.35/-(In Lakhs) (Previous year Rs. 275.47-(In Lakhs)).
43 Contingent Liabilities and Commitments
As at
Particulars
31st Dec 2022
31st Mar 2022
Claims against the Company, not acknowledged as debts *
88.33
88.21
(Amount paid to statutory authorities)
Claims against the Company, not acknowledged as debts
130.00
(Others - Bank Gurantees issued)
* The Customs department has raised the claim on company for 72.78 lacs . The Company has disputed the same with appropriate authority.
Further the company has executed in financial year 2021-22 a counter Bank gaurantee of Rs 9.10(In Lakhs) and Bond for Rs. 28.18/-(In Lakhs)
44 The account of the Trade Payables & Receivables, Other Non-Current & Current Liabilities and Current Assets are subject to confirmations
45 Details of Broad Heads of Goods Sold, purchased and material consumed subject to accuracy
47 The Company is engaged in Trading and Manufacturing of domestic home appliances, kitchen wares etc which is considered as the only reportable business segment
48 Prior period adjusmtent
The Company for the current period has actuarial valued its liability towards defined benefit obligations(Gratuity) as per the actuarial report company made a shortfall in providing for Gratuity for earlier years for Rs 61(In Lakhs) , the same has been provided for in the current period and adjusted with the opening reserve(profit & loss account)
50 Prior year comparatives
Figures for the previous year has been regrouped or rearranged so as to make them comparable with the figures of the current period.
51 Company has taken the land at village Yalladadlu - Tumkur for 99 Y ears Lease.
Lease Deed has been Registered in the name of company with KIADB (W.E.F) dated 22/11/2017.
52 Figures are rounded off to the nearest lakh and decimals thereof.