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History of Anka India Ltd.

The Comp. was originally incorporated as a Private Limited Comp. on September 13, 1994 & was subsequently converted into a Public Limited Comp. & received a fresh Certificate of Incorporation on January 2, 1995 vide special Resolution passed on 25.11.94. The Comp. was set up with the main object of manufacturing TPR [THERMO PLASTIC RUBBERs] & PU [POLYURETHENEs] Shoe Soles.

The Comp. has been promoted by Mr. Gurpreet Singh Sethi & Mr. Arshdeep Singh Sethi.

The Comp. has its registered office at 2nd Floor, 18, Puss Road, New Delhi & factory at Village Kherki Dhaula, PO Narsinghpur, Gurgaon, Haryana.

The Comp. has taken steps towards the Implementation of Project.

The Comp. has already acquired 1 acres of land at Village Kherki Daula, PO Narsinghpur, Gurgaon, Haryana & obtained Secretariat of Industrial Approvals for manufacture of Shoe Soles on 29th November, 1994.

Approval from Town and Country Planning, Haryana has been obtained for change of land use for establishment of industry on the land acquired, Term Loan agreement with IDBI has been entered into & the disbursement is expected shortly. At the land acquired, the construction of boundary wall and levelling of land has started.

The Comp. is yet to start its commercial production. However, the Comp. was engaged in minor trading operations during the year.

The Comp. sold the samples of soles acquired from abroad just to test the market response & the Comp. can take up the trading activity as per its main objects.

FINANCIAL HIGHLIGHTS

The financial highlights from the date of incorporation i.e September 13, 1994 to March 31, 1995 are as set out below. The Comp. has not generated any Income for period 1-4-95 to 31-8-95.

13-09-94 to 31-03-95 [Rs.s] Audited ------- Total Income 3190.00

Profit/[Lossess] 1153.30 before Taxation

Provision for 461.00 Taxation

Profit after 692.30 Taxation

Reserves and Surplus 692.30

Share Capital 7,000.00

NOTES:

1. Income & Expenses are accounted for on accrual basis.

2. The depreciation has been provided on Straight Line Method at the rates prescribed under the Scheduled-XIV of Companies Act, 1956 on pro-rata basis & the same has been charged to Pre-operative Expenses.

3. All direct & indirect expenditure incidental to the project under construction/ implementation have been accumulated & shown under the head 'Preoperative Expenses' [Pending allocation/ capitalisations].

The proposed activities are covered under the main objects.

MAIN OBJECTS OF THE COMPANY

The main objects of Comp. as set out in Memorandum & Articles of Association includes inter alia :

[is] To carry on the business as processors, manufacturers, dealers, traders, exporters of all types of leather shoes, boots, bag, belts, purse, boxes, soles, shoe uppers & footwear component, buckles, accessories & fittings.

[iis] To carry on the business of manufacturers, exporters, traders, merchants, agents or otherwise deal in all kinds of garments, gloves, costumes, dresses, hats, furnishings, drapery etc. & to deal in such other related materials & chemicals required for processing & manufacturing the same.

[iiis] To manufacture, produce, use, purchase, sale, supply, store, import, export, and/or otherwise engage in all types of dealing in plastic & plastic related products, polyester chips, other thermo plastics products.

[ivs] To act as on Export House in connection with the business as referred to in sub clause [is], [iis] & [iiis]

SUBSIDIARY OF THE COMPANY

The Comp. doesn't have any subsidiaries as on date.