Annual Report for the year 2012
Annual Report for the year 2012
Annual Report for the year 2012
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3) SHARE CAPITAL (AMOUNT IN `)<br />
PARTICULARS<br />
As at<br />
st<br />
31 March<br />
<strong>2012</strong><br />
As at<br />
st<br />
31 March<br />
2011<br />
AUTHORISED<br />
2,40,00,000 (2,40,00,000) Equity Shares of ` 10/- each<br />
240,000,000 240,000,000<br />
14,00,000 (14,00,000) 9.5% Non-Convertible,Cumulative,<br />
Redeemable Preference Shares of ` 100/- each<br />
ISSUED, SUBSCRIBED AND PAID UP<br />
140,000,000 140,000,000<br />
380,000,000 380,000,000<br />
2,19,57,533 (2,19,57,533) Equity Shares of ` 10/- each fully Paid up<br />
219,575,330 219,575,330<br />
Nil (8,00,000) 9.5% Non-Convertible,Cumulative, Redeemable Preference - 80,000,000<br />
Shares of ` 100/- each fully Paid up<br />
Date of allotment 27th October, 2005<br />
1,000,000 (Nil) 9.5% Non-Convertible,Cumulative, Redeemable Preference<br />
Shares of ` 100/- each fully Paid up**<br />
100,000,000 -<br />
TOTAL 319,575,330 299,575,330<br />
3a. During <strong>the</strong> <strong>year</strong>, <strong>the</strong> Company has not issued/bought back any of <strong>the</strong> Equity Shares. Movement in respect of<br />
Preference Shares are given below:<br />
Particulars<br />
At <strong>the</strong> beginning of <strong>the</strong> period<br />
(+) Issued during <strong>the</strong> period<br />
(-) Redeemed during <strong>the</strong> period*<br />
Outstanding at <strong>the</strong> end of <strong>the</strong> period<br />
st<br />
31 March <strong>2012</strong><br />
st<br />
31 March 2011<br />
Nos. Amt.(`) Nos. Amt.(`)<br />
800,000 80,000,000 800,000 80,000,000<br />
1,000,000 100,000,000 - - -<br />
800,000 80,000,000 - -<br />
1,000,000 100,000,000<br />
800,000 80,000,000<br />
* Redemption of 8,00,000, 9.5% Non-Convertible,Cumulative, Redeemable Preference Shares of ` 100/- each fully paid up ,out of<br />
th<br />
free reserves of <strong>the</strong> company , Date of redemption : 28 March, <strong>2012</strong>. In terms of Section 80 of <strong>the</strong> Companies Act, 1956, Company<br />
has created Captial Redemption reserve equivalent to face value of Preference shares redeemed (Refer Note No. 4) .<br />
** Preferential allotment of 10,00,000, 9.5% Non-Convertible,Cumulative, Redeemable Preference Shares of ` 100/- each fully<br />
th<br />
paid up to Transworld Shipping & Logistics Ltd. and M/s Crescent Shipping Agency (I) Ltd. Date of allotment : 28 March, <strong>2012</strong><br />
and<br />
st<br />
redeemable on 1 April, 2013.<br />
3b. Terms/rights attached to equity shares<br />
The Company has only one class of equity shares having a par value of ` 10/- per share. The holders of <strong>the</strong> equity shares are entitled<br />
to receive dividends as declared from time to time, and are entitled to voting rights proportionate to <strong>the</strong>ir share holding at <strong>the</strong><br />
meetings of shareholders. The dividend proposed by <strong>the</strong> Board of Directors is subject to <strong>the</strong> approval of <strong>the</strong> shareholders in <strong>the</strong><br />
ensuing <strong>Annual</strong> General Meeting, except in case of interim dividend.<br />
In <strong>the</strong> event of liquidation of <strong>the</strong> company, <strong>the</strong> holders of equity shares will be entitled to receive <strong>the</strong> remaining assets of <strong>the</strong><br />
company, after distribution of all preferential amounts. The distribution will be in proportion to <strong>the</strong> number of equity shares held by<br />
<strong>the</strong> shareholders.<br />
3c. Details of shares held by shareholders holding more than 5% of <strong>the</strong> aggregate shares in <strong>the</strong> Company<br />
Particulars<br />
st<br />
31 March <strong>2012</strong><br />
st<br />
31 March 2011<br />
Nos. % of Holding Nos. % of Holding<br />
Transworld Holdings Limited 12,351,650 56.25% 12,351,650 56.25%<br />
Mithila V Mahesh 1,167,325 5.32% - -<br />
Anisha Valli Ramakrishnan 1,167,325 5.32% - -<br />
3d. 1,01,62,750 Equity shares of ` 10/- each, allotted as fully paid up pursuant to contract(s) without payment being<br />
received in cash in <strong>the</strong> financial <strong>year</strong> 1994-95.<br />
3e. 21,33,333 Equity shares of ` 10/- each, issued as fully paid up on conversion of equal number of Global Depository<br />
Receipts (GDR) in <strong>the</strong> financial <strong>year</strong> 2006-07.<br />
60 24th <strong>Annual</strong> <strong>Report</strong> 2011-12