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Notes to Accounts of Available Finance Ltd.

Mar 31, 2015

1. I) Terms/Rights attached to equity shares

The Company has only one class of equity shares having a par value of ' 10 per share.

Member of the company holding equity share capital therein have a right to vote on every resolution placed before the company and right to receive dividend.

Each holder of equity shares is entitled to one vote per share.

The Company declares dividend(If any) in Indian rupees. The dividend proposed by the Board of Directors(If any) is subject to aproval of the shareholder in the Annual General Meeting except in case of interim dividend.

2.Project Participation Investment

The Company have converted 500 fully paid 7% unsecured convertible Debentures in Agarwat Real City Pvt, Ltd of face value of Rs. 100,000/- each aggregating to Rs. 500 lakhs in project participation investment on the following terms.

a. The company to receive 30% lump sum payment of compensation on 31 /03 /2018.

b. The company to receive additional 10% share of profit of ARCPL over and above minimum assured return.

c. The investment to receive back/redeemed on or before 31/03/2018

3. Other Notes & Disclosers

(i) In the opinion of Board, Current Assets, Loans & Advances have a value of realization in the ordinary course of business, at least equal to the amount at which they are stated.

(ii) Previous year's Figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

(iii) Prioryear's adjustments are shown net of Income, if any.

(iv) No transaction was effected during the period ended on 31st March 2015 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

(v) CIF value of Imports , Earnings in Foreign Exchange, Remittance in Foreign Exchange, Expenditure in Foreign Exchange are NIL

(vii) Contingent Liabilities and commitments (to the extent not Provided for) :

(a) Contingent liabilities

Outstanding guarantees and counter guarantees to various banks in respect of the guarantees given by those banks in favor of various government authorities and others - Nil Claims against companies not acknowledged as debt - Nil

(b) Commitments

Estimated amount of un expected capital co ntracts -Nil

(viii) There is no pending litigations on its financial position of the company.

(ix) Provision for short term regular expenses has been made (refer Note-7). There is no other material foreseeable losses as required under the applicable law or accounting standards, on long term contracts including derivative contracts requiring Company to make provisions thereof.

(x) There is no amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

4. RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD -18:

a) Related parties where control : Archana Coal Pvt. Ltd.-Holding Co. exists

b) Key Management Personnel : Shri Rajetidra Sharma, Whole Time Director & CEO Shri Sudama Tiwari, Director Shri Y.P. Shukla, Director Smt. Neelam Sharma, Director

c) Related Concern : Ad-Manum Finance Ltd. Associates : Agarwal Fuel Corporation Pvt. Ltd. Agarwal Transport Cotp. Pvt Ltd Agarwal Coal Corp. Pvt. Ltd.

d) Relative(s) of Key Management Personnel * : None

e) The above information regarding related parties have been determined to the extent such parties have

been identified on the basis of information available with the company.

f) Particulars of Transaction and balances with related parties:-

5. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure.

The categories included in each of the reported business segment are as follows:

a. Loans to parties

b. Investment in Shares

The above business segment have been identified considering

a. The nature of service

b. The deferring risk and return

Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities ofthe segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable -to segments on a reasonable basis have been included under un allocable Assets / Liabilities.


Mar 31, 2014

(i) In the opinion of Board, Current Assets, Loans & Advances have a value of realization in the ordinary course of business, at least equal to the amount at which they are stated.

(ii) Previous year''s figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

(iii) Prior year''s adjustments are shown net of Income, if any.

(iv) No transaction was effected during the period ended on 31st March 2014 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil.

(v) No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198, 309 and 349 of the Companies Act, 1956 has not been given.

(vi) CIF value of Imports , Earnings in Foreign Exchange, Remittance in Foreign Exchange, Expenditure in Foreign Exchange are NIL

Note No.-2 : RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD -18:

a) Related parties where control exists : None

b) Key Management Personnel : Rajendra Sharma, Whole Time Director Sudama Tiwari, Director Y.P. Shukla, Diretor

c) Relative(s) of Key Management Personnel* : None

d) Associates : Ad-Manum Finance Ltd.

Agarwal Fuel Corporation Pvt. Ltd.

e) The above information regarding related parties have been determined to the extent such parties have been identified on the basis of information available with the company.

f) Particulars of Transaction and balances with related parties:-

*having any transaction with the company

Figures in brackets are relating to previous year 2013-14

Note -3. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure. The categories included in each of the reported business segment are as follows:

1. Loans to parties

2. Investment in Shares The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable to segments on a reasonable basis have been included under un allocable Assets / Liabilities.

Note No – 4 :Schedule as per RBI Norms

(As required in terms of paragraph 13 of Non-Banking Financial (Non-Deposit accepting or Holding )Companies Prudential Norms (Reserve Bank) Directions, 2007)


Mar 31, 2013

(i) In the opinion of Board, Current Assets, Loans & Advances have a value of realization in the ordinary course of business, at least equal to the amount at which they are stated.

(ii) Previous year''s figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

(iii) Prior year''s adjustments are shown net of Income, if any.

(iv) No transaction was effected during the period ended on 31st March 2013 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

(v) No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198,309 and 349 of the Companies Act, 1956 has not been given.

(vi) CIF value of Imports, Earnings in Foreign Exchange, Remittance in Foreign Exchange, Expenditure in Foreign Exchange are NIL .

(vii) Directors Remuneration

a. Salary : Rs. 5,55,942/-

b. Value of perquisites : NIL

Note No.-1: RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD 18:

a) Related parties where control exists : None

b) Key Management Personnel : Ajay Mittal, Whole Time Director

Sudama Tiwari, Director Y.P.Shukla, Diretor Rajendra Sharma,Director

c) Relative(s) of Key Management Personnel* : None

d) Associates : Ad-Manum Finance Ltd.

Agarwal Fuel Corporation Pvt. Ltd.

e) The above information regarding related parties have been determined to the extent such parties have been identified on the basis of information available with company.

f) Particulars of Transaction and balances with related parties:-

Note -2. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure.

The categories included in each of the reported business segment are as follows:

1. Loans to parties

2. Investment in Shares

The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return

Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable to segments on a reasonable basis have been included under unallocable Assets I Liabilities.


Mar 31, 2012

Note No-1: Other Notes & Disclosers

(i) In the opinion of Board, Current Assets, Loans & Advances have a value of realization in the ordinary course of business, at least equal to the amount at which they are stated.

(ii) Previous year's figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

(iii) Prior year's adjustments are shown net of Income, if any. .

(iv) No transaction was effected during the period ended on 31st March 2012 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

(v) No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198,309 and 349 of the Companies Act, 1956 has not been given.

(vi) CIF value of Imports, Earnings in Foreign Exchange, Remittance in Foreign Exchange, Expenditure in Foreign Exchange are NIL

a) The above information regarding related parties have been determined to the extent such parties have been identified on the basis of information available with the company.

b) Particulars of Transaction and balances with related parties:-

Note -2. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure.

The categories included in each of the reported business segment are as follows:

1. Loans to parties

2. Investment in Shares

The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return

Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable to segments on a reasonable basis have been included under unallocable Assets/Liabilities.


Mar 31, 2010

1 In the opinion of Board, Current Assets, Loans & Advances have a value of realisation in the ordinary course of business, at least equal to the amount at which they are stated.

2. Previous years figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

3. Prior years adjustments are shown net of Income, if any.

4. No transaction was effected during the period ended on 31st March 2010 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

5. No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198, 309 and 349 of the Companies Act, 1956 has not been given.

6. CIF value of Imports : NIL

7. Earnings in Foreign Exchange : NIL

8. Remittance in Foreign Exchange : NIL

9. Expenditure in Foreign Exchange : NIL

10. Directors Remuneration

a. Salary : 1,96,800/-

b. Value of perquisites : NIL

11. RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD 18:

a) Related parties where control exists : None

b) Key Management Personnel : Mr. Mahesh Garg, Director

c) Relative(s) of Key Manangement Personnel : None

d) Associates : Ad-Manum Finance Ltd.

Agarwal Coal Corporation Pvt.Ltd.

e) The above information regarding related parties have been determined to the extent such parties have been identified on the basis of information available with the company.

12. The Shares held as stock in trade is 144000 (unquoted) shares of Sanjana Cold Storage Pvt. Ltd. (F.V.Rs. lOAEach)

13. The company is contingently liable in respect of disputed demand of Rs.l95624/-of financial year 2006-07 under Appeal pending with CIT Appeal, Mumbai in respect of income tax.

14. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure. The categories included in each of the reported business segment are as follows:

1. Loans to parties

2. Investment in Shares

The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return


Mar 31, 2004

1 In the opinion of Board, Current Assets, Loans & Advances have a value of realisation in the ordinary course of business, at least equal to the amount at which they are stated.

2. Previous years figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

3. Prior years adjustments are shown net of Income, if any.

4. No transaction was effected during the period ended on 31st March 2004 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

5. No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198,309 and 349 of the Companies Act, 1956 has not been given.

6. CDF value of Imports : NIL

7. Earnings in Foreign Exchange : NIL

8. Remittance in Foreign Exchange : NIL

9. Expenditure in Foreign Exchange : NIL

10. Directors Remuneration

a. Salary : Rs. 1,20,000/-

b. Value of perquisites : NIL


Mar 31, 2003

1 In the opinion of Board, Current Assets, Loans & Advances have a value of realisation in the ordinary course of business, at least equal to the amount at which they are stated.

2. Previous years figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

3. Prior years adjustments are shown net of Income, if any.

4. No transaction was effected during the period ended on 31st March 2003 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

5. No commission is payable to Directors/Managing Director and hence Computation of Net Profit in accordance with Section 198, 309 and 349 of the Companies Act, 1956 has not been given.

6. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure. The categories Included in each of the reported business segment are as follows:

1. Loans to parties

2. Share Trading

The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return

Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable to segments on a reasonable basis have been included under un allocable Assets / Liabilities.

8. CIF value of Imports : NIL

9. Earnings in Foreign Exchange : NIL

10. Remittance in Foreign Exchange : NIL

11. Expenditure in Foreign Exchang : NIL

12. Directors Remuneration

b. Value of perquisites : NIL


Mar 31, 2002

1. In the opinion of Board, Current Assets, Loans & Advances have a value of realisation in the ordinary course of business, at least equal to the amount at which they are stated.

2. Previous years figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

3. Prior years adjustments are shown net of Income, if any.

4. No transaction was effected during the period ended on 31st March 2002 with the small scale Industrial Undertaking and outstanding to small scale industrial undertaking as at the year end was NIL.

5. No commission is payable to Directors/Managing Director and hence computation of Net Profit in accordance with Section 198, 309 and 349 of the Companies Act, 1956 has not been given.

6. SEGMENT REPORTING:

The Business segment has been considered as the primary segment for disclosure. The category Included in each of the reported business segment are as follows:

1. Loans to parties

2. Share Trading

The above business segment have been identified considering

1. The nature of service

2. The deferring risk and return

Revenues and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenues and expenses, which related to the enterprise as a whole and are not allocable to segments on a reasonable basis have been included under un allocable Assets/Liabilities.

7. CDF value of Imports : NIL

8. Earnings in Foreign Exchange : NIL

9. Remittance in Foreign Exchange : NIL

10. Expenditure in Foreign Exchange : NIL


Mar 31, 2000

1. Provision for Income tax for current year is not made as there shall be no taxable incline in the current year. Amount shown under taxation is provision for Interest Tax.

2. During the year 39,36,700 shares on which call money was unpaid have been forfeited and application mony paid on such shares are transferred to capital Reserve account

3. In the opinion of Board, Current Assets, Loans & Advances have a value ob reliasitionin the ordinary course of business, at least equal to the amount at which they are stated.

4. Previous years figures have been rearranged and regrouped wherever considered necesary. Figures have been rounded off to the nearest rupees.

5. Proir years adjustments are shown net of Income, if any.

6. CIF value of Imports : NIL

7. Earnings in Foreign Exchange : NIL

8. Remittance in Foreign Exchange : NIL

9. Expenditure in Foreign Exchange : NIL

10. Directors Remuneration

a. Salary : Rs. 60,000/-

b. Value of perquisites : NIL

Balance Sheet abstract and copnays general Busiess Profile as per Part (IV) of schedule VI to the Companies Act, 1956

 
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