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Notes to Accounts of Bajrang Finance Ltd.

Mar 31, 2014

1.1 The company does not have any outstanding amount payable to Micro, Small and Medium Enterprises as specified in Micro, Small and Medium Enterprises Development Act, 2006.

1.2 Provisions of the Payment of the Gratuity Act, and the Employees'' Provident Funds Act, 1952 are not applicable to the Company.

1.3 Previous year figures have been regrouped / rearranged, wherever necessary to control with current year''s presentation.

A )Terms/ Rights Attached to Fquity Sharps:

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

ii) In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2013

1.1 The company does not have any outstanding amount payable to Micro, Small and Medium Enterprises as specified in Micro, Small and Medium Enterprises Development Act, 2006.

1.2 Provisions of the Payment of the Gratuity Act, and the Employees'' Provident Funds Act, 1952 are not applicable to the Company.

1.3 Related parties disclosures:

Associate Companies

Remi Securities Limited, Kuberkamal Industrial Investment Private Limited, Remi Finance & Investment Private Limited, Rajendra Finance Private Limited, Remi Fans Limited, Remi Anupam Fans Limited, Remi Electrical Industries Limited and Remi Engineering Fans Limited.

A )Terms/ Rights Attached to Equity Shares:

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

ii) In the event of liquidation of the company, the holders of the equity shares will be entitled to reecive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2012

NOTE : 1 SHARE CAPITAL

A) Terms/Rights Attached to Equity Shares:

i) The company has only one class of equity shares having par value of Rs. 10. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing annual general meeting.

ii) In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Company does not have complete information to determine Micro, Small and Medium Enterprises as specified in Micro, Small and Medium Enterprises Development Act, 2006 hence it is not possible for us to verify the amount due to such enterprises.

3. Provisions of the payment of The Gratuity Act, and the Employees' Provident Funds Act, 1952 are not applicable to the Company.

4. Till the year ended 31st March, 2011, the Company was using pre-revised schedule VI to the Companies Act, 1956, for preparation and presentation of its financial statements. During the year ended 31st March, 2012, the revised schedule VI notified under the Companies Act 1956, has become applicable to the Company. The Company has reclassified previous year figures to conform to this year's classification. The adoption of revised schedule VI does not impact recognition and measurement principles followed for preparation of financial statements.


Mar 31, 2011

1. Company does not have complete information to determine Micro, Small and Medium Enterprises as specified in Micro, Small and Medium Enterprises Development Act, 2006 hence it is not possible for us to verify the amount due to such enterprises.

2. Provisions of the payment of The Gratuity Act, and the Employees' Provident Funds Act, 1952 are not applicable to the Company.

3. Contingent As at As at 31-03-2011 31-03-2010

Guarantees to bank 4,30,00,000 4,30,00,000 on behalf of third parties

4. Other additional information required to be given under paragraph 3 and 4 of part II of Schedule VI to the Companies Act, 1956, are not applicable.

5. Previous year's figures are regrouped / rearranged wherever found necessary.


Mar 31, 2010

1. Company does not have complete information to determine Micro, Small and Medium Enterprises as specified in Micro, Small and Medium Enterprises Development Act, 2006 hence it is not possible for us to verify the amount due to such enterprises.

2. Provisions of the payment of The Gratuity Act, and the Employees Provident Funds Act, 1952 are not applicable to the Company.

3. Contingent Liabilities

As at As st

31-03-2010 31-03-2009

TYGuarantees to bank on behalf of third parties 4,30,00,000.00 8,46,00,000.00

ii) The company has pledged 1,92,130 equity shares of Remi Metals Gujarat Ltd. to Financial Institution as security against loans granted to Remi Metals Gujarat Ltd.

4. Related parties disclosures: Transactions with associate & subsidiary Companies.

A. Associate Companies

Remi Securities Ltd., Kuberkamal Industrial Investment Pvt.Ltd., Remi Sales & Engg Ltd., Remi Finance & Investment Pvt.Ltd., Rajendra Finance PvtLtd.

5. Other additional information required to be given under paragraph 3 and 4 of part II of Schedule VI to the Companies Act, 1956, are not applicable.

6. Previous years figures are regrouped / rearranged wherever found necessary.


Mar 31, 2003

1. The Company had made long term investments of Rs.3,334,764/- (P.Y.3,334,764/-) in the equity capital of Remi Metals Gujarat Ltd. (RMGL). RMGL is registered as sick industrial unit under the provisions of the SICA, 1985 and scheme of revival of the Company is approved by BIFR. Considering the rehabilitation scheme and other proposals as a part of its turn around strategy, no provision is considered necessary for the decline in the value of investment in that Company.

2. Other additional information required to be given under paragraph 3 and 4 of part II of Schedule VI to the Companies Act, 1956, are not applicable.

3. Previous years figures are regrouped/rearranged wherever found necessary.

 
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