Anka India Share price

The Company was originally incorporated as a Private Limited Company on September 13 1994 and was subsequently converted into a Public Limited Company and received a fresh Certificate of Incorporation on January 2 1995 vide special Resolution passed on 25.11.94. The company was set up with the main object of manufacturing TPR (THERMO PLASTIC RUBBER) and PU (POLYURETHENE) Shoe Soles.The Company has been promoted by Mr. Gurpreet Singh Sethi and Mr. Arshdeep Singh Sethi.The company has its registered office at 2nd Floor 18 Puss Road New Delhi and factory at Village Kherki Dhaula PO Narsinghpur Gurgaon Haryana.The Company has taken steps towards the Implementation of the Project.The company has already acquired 1 acres of land at Village Kherki Daula PO Narsinghpur Gurgaon Haryana and obtained Secretariat of Industrial Approvals for the manufacture of Shoe Soles on 29th November 1994.Approval from Town & Country Planning Haryana has been obtained for change of land use for the establishment of the industry on the land acquired Term Loan agreement with IDBI has been entered into and the disbursement is expected shortly. At the land acquired the construction of boundary wall & levelling of land has started.The Company is yet to start its commercial production. However the company was engaged in minor trading operations during the year.The Company sold the samples of soles acquired from abroad just to test the market response and the company can take up the trading activity as per its main objects.FINANCIAL HIGHLIGHTSThe financial highlights from the date of incorporation i.e September 13 1994 to March 31 1995 are as set out below. The Company has not generated any Income for the period 1-4-95 to 31-8-95. 13-09-94 to 31-03-95 (Rs.) Audited -------Total Income 3190.00Profit/(Losses) 1153.30before TaxationProvision for 461.00TaxationProfit after 692.30TaxationReserves & Surplus 692.30Share Capital 7000.00NOTES:1. Income and 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 the Companies Act 1956 on pro-rata basis and the same has been charged to Pre-operative Expenses.3. All direct and indirect expenditure incidental to the project under construction/ implementation have been accumulated and shown under the head "Preoperative Expenses" (Pending allocation/ capitalisation).The proposed activities are covered under the main objects. MAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in Memorandum and Articles of Association includes inter alia :(i) 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 and footwear component buckles accessories and fittings.(ii) 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. and to deal in such other related materials and chemicals required for processing and manufacturing the same.(iii) To manufacture produce use purchase sale supply store import export and/or otherwise engage in all types of dealing in plastic and plastic related products polyester chips other thermo plastics products.(iv) To act as on Export House in connection with the business as referred to in sub clause (i) (ii) and (iii)SUBSIDIARY OF THE COMPANYThe Company does not have any subsidiaries as on date.