The Comp. was incorporated with the Registrar of companies, Gujarat at Ahmedabad on July 08, 1994 as a Public Limited Comp. & obtained the Certificate of Commencement of Business on August 05, 1994. The company has not yet started manufacturing but trading activities have been started.
The Comp. has been formed to undertake the business of pleating & embossing of fabrics with an intention to sell its entire production in the International market. No group enterprise is in the business of pleating and embossing of fabrics.
Statement of Accounts upto 31-12-1994
SOURCE OF FUNDS Amount Rs.
Share Capital 2,55,42,700.00 Reserves and Surplus 5,65,897.00 Secured Loan 20,00,000.00 Current Liabilities and Provisions 24,99,682.00
Total 3,06,08,279.00
APPLICATION OF FUNDS
Fixed Assets 89,307.00 Investments 6,000.00 Current Assets, Loans and Advances 2,96,29,741.00 Miscellaneous Expenditure 8,83,231.00
Total 3,06,08,279.00