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Notes to Accounts of Amulya Leasing & Finance Ltd.

Mar 31, 2015

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts Nil Previous Year Nil

b) Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil

c) Other money for which the company is contingently liable Nil Previous Year Nil

B) Commitments :

i) Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

ii) Estimated amount of contracts remaining to be executed on capital accounts- NIL. Previous Year (Nil)

iii) Other Commitments Nil Previous Year Nil

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

4. During the financial year 2014-15 the company has made an investment of Rs 99052013/- in Apollo Pipes Ltd for acquiring 1165000 equity shares of Rs 10/- each (fully paid up) i.e 50.96% of equity share capital and as a result Apollo Pipes Ltd becomes a subsidiary of the company w.e.f 14th November, 2014.

5. CIF value of Imports - NIL Previous Year (NIL)

6. Earning & Expenditure in Foreign Currency: NIL Previous Year (NIL) 2014-15 2013-14

7. Payments to Auditor's : Rs 28090/- Rs. 28090/-

8. Director's remuneration: NIL Rs. NIL

9. AS per Accounting Standard (AS-20) on Earning per share (EPS) issued by the ICAI, the particulars of EPS for the equity shareholders are as below:

S. Particulars Current year 2015 Previous Year 2014 No.

1 Net Profit (loss) as 2129795.62 3640161.25 per P/L A/c

2 Average No. of 5001700 5001700 equity shares used as denominator for calculating EPS

3 EPS (Basic & Diluted) 0.43 0.73 (Rs.)

4 Face value of each 10 10 equity share (Rs.)

10. Related Party Disclosure: As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company's related parties and transactions are disclosed below:

A. Name of related parties and description of relationship:

1) Managerial Personnel

Mr. Sameer Gupta

Mrs. Meenakshi Gupta

Mr. Vikas Goel

2) Other related parties where the directors/ relatives have significant influence

APL INFRASTRUCTURE PVT. LTD.

3) Subsidiary Company

Apollo Pipes Ltd

B. Transaction during the year and balances outstanding at the year end in respect of transactions entered into during the year with the related parties.

Nature of Transaction Transaction Value Outstanding amount carried in Balance Sheet

Loan taken 23800000.00 Nil APL INFRASTRUCTURE PVT. (NIL) (NIL) LTD.

Loan Taken 2739242.00 2739242.00 SAMEER GUPTA (NIL)

Loan given NIL NIL APL INFRASTRUCTURE PVT. (3000000.00) (52512445.00) LTD.

Interest received 1578215.00 Nil APL INFRASTRUCTURE PVT. (3799137) (52512445.00) LTD

Purchase of Shares (Apollo 65757000.00 Nil Pipes Ltd) (NIL) (NIL) APL INFRASTRUCTURE PVT. LTD

( ) indicates figures of previous year

11. As per information available with the company, no amount is due to any undertaking/Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

12. Since the Company is dealing in one segment, No separate Segment reporting is given.

13. The figures of the previous years have been regrouped and rearranged wherever it considered necessary.


Mar 31, 2014

NOTE: 1

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts Nil Previous Year Nil

b) Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil

c) Other money for which the company is contingently liable Nil Previous Year Nil

B) Commitments :

i) Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

ii) Estimated amount of contracts remaining to be executed on capital accounts- NIL.

Previous Year (Nil) iii) Other Commitments Nil Previous Year Nil

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of section 217(2A) of the Companies Act, 1956.

5. CIF value of Imports – NIL Previous Year (NIL)

6. Earning & Expenditure in Foreign Currency: NIL Previous Year (NIL)

7. Payments to Auditor''s : Rs 28090/- Rs. 28090/- 8. Director''s remuneration: NIL Rs. NIL

8. Related Party Disclosure: As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company''s related parties and transactions are disclosed below:

A. Name of related parties and description of relationship:

1) Managerial Personnel Mr. Sameer Gupta Mrs. Meenakshi Gupta Mr. Vikas Goel

2) Other related parties where the directors/ relatives have significant influence

11. As per information available with the company, no amount is due to any undertaking/Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

12. Since the Company is dealing in one segment, No separate Segment reporting is given.

13. The figures of the previous years have been regrouped and rearranged wherever it considered necessary.

Note

1. As defined in paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

3. All Accounting Standards and guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets required in satisfaction of debt. However, market value in respect of quoated investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

Note:

1. Please complete the Folio/ DP ID-Client ID No. and name, sign this attendance Slip and hand it over at the Attendance Verification Counter at the entrance of the meeting hall.

2. Electronic copy of the Annual Report for 2013-2014 and Notice of the Annual General Meeting (AGM) along with Attendance Slip and Proxy Form is being sent to all the members whose email address is registered with the Company/Depository participant unless any member has requested for a hard copy of the same. Members receiving electronic copy and attending the AGM can print copy of this Attendance Slip.

3. Physical copy of the Annual Report for 2013-2014 and the Notice of the Annual General Meeting along with Attendance Slip and Proxy form is sent in the permitted mode(s) to all members whose email is not registered or have requested for a hard copy.

Important Communication to Shareholders

Green Initiative

The Ministry of Corporate Affairs has taken a "Green Initiative in the Corporate Governance" by allowing paperless compliances by the companies and has issued circulars stating that service of notice/documents including Annual Report can be sent by e-mail to its members. To support this green initiative of the Government in full measure, members who have not registered their e-mail addresses, so far, are requested to register their e-mail addresses, in respect of electronic holdings with the Depository through their concerned Depository Participants. Members who hold shares in physical form are requested to send e-mail at cs.amulya@gmail.com to update their e-mail address.

Demat Your Shares

Members are requested to convert their physical holding to demat form through any of the nearest depository participant (DPs) to avoid hassles involved with physical shares such as possibility of loss, mutilation, and to ensure safe and speedy transaction in securities.

Register Your National Electronic Clearing Services (NECS) Mandate

RBI has initiated NECS for credit of Dividend directly to the Bank Account of shareholders. Members holding shares in electronic mode are requested to register their latest Bank Account details (Core Banking Solutions enabled account number, 9 digit MICR and 11 digit IFS Code details) with their Depository Participant. Members holding shares in physical form are requested to register their latest Bank Account details (Core Banking Solutions enabled account number, 9 digit MICR and 11 digit IFS Code details) to the Company''s R & T Agent.


Mar 31, 2013

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts- Nil (Previous Year Nil)

b) Guarantees to Banks and Financial institutions against credit facilities extended to third parties- Nil (Previous Year Nil)

c) Other money for which the company is contingently liable- Nil (Previous Year Nil)

B) Commitments:

i) Uncalled liability on partly paid up shares-Nil (Previous Year Nil)

ii) Estimated amount of contracts remaining to be executed on capital accounts- NIL (PreviousYear Nil)

iii) Other Commitments- Nil (PreviousYear Nil)

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors,Current Assets,Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of section 217(2 A) of the Companies Act,1956.

5. Related Party Disclosure: As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company''s related parties and transactions are disclosed below:

A. Name of related parties and description of relationship:

1) Managerial Personnel

Mr.Sameer Gupta

Mrs. Meenakshi Gupta

2) Other related parties where the directors/relatives have signficant in fluence APLINFRASTRUCTUREPVT. LTD.

B. Transaction during the year and balances outstanding at the year end in respect of transactions entered into during the year with the related parties.

6. As per information available with the company no amount is due to any undertaking/Enterprise covered under the Micro,Small and Medium Enterprise Development Act,2006.

7. Since the Company is dealing in one segment,No separate Segment reporting is given.

8. The figures of the previous years have been regrouped and rearranged wherever it considered necessary.

Notes:

1. As defined in paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions,1998.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

3. All Accounting standards and guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets required in satisfaction of debt However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4)above.


Mar 31, 2012

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts Nil Previous Year Nil

b) Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil

c) Other money for which the company is contingently liable Nil Previous Year Nil B) Commitments:

i) Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

ii) Estimated amount of contracts remaining to be executed on capital accounts- NIL.

Previous Year (Nil)

iii) Other Commitments Nil Previous Year Nil

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of section 217(2A) of the Companies Act, 1956.

5. CIF value of Imports NIL Previous Year (NIL)

6. Earning & Expenditure in Foreign Currency: NIL Previous Year (NIL)

7. Director's remuneration: NIL Rs.NIL

8. Related Party Disclosure: As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company's related parties and transactions are disclosed below:

A. Name of related parties and description of relationship:

1) Managerial Personnel

Mr. Sameer Gupta

Mrs. Meenakshi Gupta

Mr. Vikas Goel

2) Other related parties where the directors/ relatives have significant influence APL INFRASTRUCTURE PVT. LTD.

9. As per information available with the company, no amount is due to any Undertaking/Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

10. Since the Company is dealing in one segment, No separate Segment reporting is given.

11. The figures of the previous years have been regrouped and rearranged wherever it considered necessary.


Mar 31, 2010

1. Contingent Liability:

a) Unpaid liability on partly paid up shares- Nil (Nil)

b) Estimated amount of contract remaining to be executed on capital accounts- NIL. (Nil)

2. Claim against the company not acknowledged as debts- NIL (Nil)

3. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

4. In the opinion of Board of directors, Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

5. None of the employees was in receipt of annual remuneration as prescribed under the provision of section 217(2A) of the Companies Act, 1956.

6. CIF value of Imports: NIL (Nil)

7. Earning & Expenditure in Foreign Currency: NIL (Nil)

8. The activities of the company do not involve conservation of energy or absorption of technology.

9. The figures of the previous years have been regrouped and rearranged wherever it considered necessary.

10. Payments to Auditors : Rs 55150/- (Rs. 19854/-)

11. Directors remuneration: NIL (Rs. 240000/-)

12. Amount due to / from the parties are subject to confirmation.

13. Loans given by the company are unsecured and are on personal guarantees.

14. Company is dealing in shares. So the closing stock of shares has been shown as Stock-in-Trade but some shares purchased during the year by the company for earning income by way of dividends and for long term purposes being strategic investments have been classified under investments.

15. Provisions:

Provisions are recognized where the company has present legal or constructive obligation, as a result of past event, for which it is probable that an outflow of economic benefits will be required to settle the obligation and the reliable estimate can be made for the amount of the obligation.

16. Impairment of Assets:

The carrying amounts of assets are reviewed at the balance sheet date to determine whether there are any indications of impairment. If the carrying amount of the fixed assets exceeds the recoverable amount at the reporting, the carrying amount is reduced to the recoverable amount. The recoverable amount is the greater of the assets net selling price and value in use, the value in use determined by the present value estimated future cash flows. Here carrying amounts of fixed assets are equal to recoverable amounts.

17. Related Party Disclosure:

As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Companys related parties and transactions are disclosed below:

(A) Name of related parties and description of relationship:

1. Key Management Personnel

Mr. Vikas Goel

Mr. Pradeep Kumar Goel

2. Enterprise over which any person describe in (A) (1) above is able to exercise significant influence

1) A.V.G. Enterprises Pvt. Ltd.

2) Ashu Securities Pvt. Ltd.

3) Shri Trinkeshwar Developers & Builders Pvt. Ltd.

18. As per information available with the company, no amount is due to any Undertaking/ Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

19. Since the Company is dealing in one segment, No separate Segment reporting is given.

20. The figure in the brackets pertains to the previous year.

21. Quantitative Information regarding Opening Stock, Purchase, Sale and Closing Stock of Shares.



 
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