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Notes to Accounts of B P Capital Ltd.

Mar 31, 2015

1. Terms/Rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

2. Corporate information

B. P. CAPITAL LIMITED Company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business as Non Banking Finance Company.

3. Basis of preparation

* The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).

* The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956.

* The company follows the Mercantile System of Accounting recognizing Income and Expenditure on accrual basis.

* The directors have certified that there are no outstanding expenses not provided for and nor there are income which have fallen due but not accounted for. The accounts are prepared on historical cost basis and as a going concern.

* The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

4. Directors' Remuneration: Rs. NIL (Previous Year Rs. NIL).

5. Related Party Disclosures

"Related party disclosures as required under Accounting Standard (AS)-18 "Related Party Disclosures".

(a). Related parties and nature of related party relationships where control exists

Name of the party Relationship

Mr. Sachin Garg Managing Director

Mr. Peeyush Kumar Aggarwal Director

Mr. Karan Bhatia Director

Mr. Brahm Dutt Sharma Director

Mrs. Madhu Sharma Director

Ms. Sakshi Gupta Company Secretary

Mr. Shatrughan Sahu CFO

(b). Related party and nature of related party relationship with whom transactions have taken place:

Name of the party Relationship

Ms. Sakshi Gupta Key Managerial Personnel

Mr. Shatrughan Sahu Key Managerial Personnel

6. As per information available with the company, no amount is due to Small Scale Ancillary Industrial Undertakings as at 31St March, 2015.

7. The company has not received any intimation from " suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

8. The Company is a Small and Medium-sized (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium-size Company.

9. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.


Mar 31, 2014

1. Terms/Rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

2. Corporate information

B. P. CAPITAL LIMITED Company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business as Non Banking Finance Company.

3. Basis of preparation

* The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).

* The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956.

* The company follows the Mercantile System of Accounting recognizing Income and Expenditure on accrual basis.

* The directors have certified that there are no outstanding expenses not provided for and nor there are income which have fallen due but not accounted for. The accounts are prepared on historical cost basis and as a going concern.

* The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

4. The company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to a Small and Medium-sized Company.

5. The company has not received any intimation from "suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

6. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.

7. Debit and credit balances standing in the name of the parties are subject to balance confirmation and reconciliation.


Mar 31, 2013

1. The company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to a Small and Medium-sized Company.

2. The company has not received any intimation from "suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

3. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.

4. Debit and credit balances standing in the name of the parties are subject to balance confirmation and reconciliation.


Mar 31, 2012

1. Corporate information

B. P. CAPITAL LIMITED Company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business as Non Banking Finance Company.

2. Basis of preparation

· The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).

· The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956.

· The company follows the Mercantile System of Accounting recognizing Income and Expenditure on accrual basis.

· The directors have certified that there are no outstanding expenses not provided for and nor there are income which have fallen due but not accounted for. The accounts are prepared on historical cost basis and as a going concern.

· The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.


Mar 31, 2011

1. Balance of Loans & Advances as shown in the accounts are subject to confirmation. However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realisable at the values stated, if realised in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for gratuity has been made as none of the employee of the company is covered by the provisions of Gratuity Act, 1972.

3. Previous year figures have been regrouped/rearranged wherever necessary to render them comparable with current year figures.

4. Deferred Tax Assets & Deferred Tax Liabilities:


Mar 31, 2010

1. Balance of Loans & Advances as shown in the accounts are subject to confirmation. However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realisable at the values stated, if realised in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for gratuity has been made as none of the employee of the company is covered by the provisions of Gratuity Act, 1972.

3. Previous year figures have been regrouped/rearranged wherever necessary to render them comparable with current year figures.

4. Deferred Tax Assets & Deferred Tax Liabilities:

 
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