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Notes to Accounts of Alps Motor Finance Ltd.

Mar 31, 2015

1.1 The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

1.2 All the investments made by the company are valued at Cost.

1.3 Managerial Remuneration: NIL

1.4 The company does not have inventory as on 31.03.2015.

1.5 Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

1.6 All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

1.7 Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

1.8 Value of Import on CIF Basis Nil

1.9 Earnings in Foreign Exchange (FOB Value) Nil

1.10 Expenditure in Foreign Currency Nil

1.11 No Relative Party Transactions has made during the year.

1.12 Compliance under Regulations of the SEBI (Prohibition of Insider Trading Regulations), 2015 Company has inform to BSE that;

1.13 - Pursuant to Regulation 8(1), the company has formula ted and adopted the "Code of Practice s and Procedures for the Fair Disclosure of Published Price Sensitive Information" (Code of Fair Disclosure) of the Company.

1.14 - Pursuant to Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015 the Board has formulated & adopted the Code of Conduct to regulate, monitor and report trading by insiders" (Code of Conduct) of the Company.


Mar 31, 2014

1) The previous year''s figures have been worked, re grouped, rearranged and reclassified wherever necessary.

4) All the investments made by the company are value d at Cost .

5) Managerial Remuneration:

6) The inventories of the company are valued as per cost price and market price whichever is less.

7) Deferred tax arising on account of timing difference and which a re capable of reversal in o ne or more subsequent periods is recognized using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognized unless there is virtual certainty with respect to the reversal of the same in future years.

8) The revised Schedule VI as notified under the companies Act,1956 , has become applicable to the company for the presentation of its financial statements for the year ending March 31st, 2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

9) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

10) Minimum Alternative Tax (MAT) is recognized as a n asset only when and to the extent the re is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

11) Value of Import on CIF Basis Nil

12) Earnings in Foreign Exchange (FOB Value) Nil

13) Expenditure in Foreign Currency Nil

14) The Company has no employee to whom the provisions of section 217 (2A) of the Companies A ct, 1956 are applicable.


Mar 31, 2013

1) All the investments made by the company are valued at Cost .

2) Managerial Remuneration: -

3) The inventories of the company are valued as per cost price and market price which ever is less.

4) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognized using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognized unless there is virtual certainty with respect to the reversal of the same in future years.

5) The revised Schedule VI as notified under the companies Act,1956, has become applicable to the company for the presentation of its financial statements for the year ending March 31st, 2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

6) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

7) Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

8) The Company has no employee to whom the provisions of section 217 (2A) of the Companies Act, 1956 are applicable.

 
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