Mar 31, 2015
NOTE NO.1 : CORPORATE INFORMATION
Brilliant Portfolios Limited is a public limited company domiciled in
India and incorporated under the provisions of the Companies Act, 1956.
Its shares are listed on two stock exchanges in India. The company is
engaged in the business of Corporate Finance and Real Estate.
NOTE NO.2 : SHARE CAPITAL
(a) 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. The dividend, as & when, proposed by the Board of Directors
is subject to the approval of the shareholders in the ensuing annual
general meeting.
During the year ended 31 st March, 2015, no dividend (Previous Year
Nil) is declared by the Board of Directors. In the event of
liquidation of the Company, the holders of equity shares will be
entitled to receive remaining assets of the company, after distribution
of preferential amounts. The distribution will be in proportion to the
number of equity shares held by the Shareholders
(b) Shares held by Holding / Ultimate holding company and/or their
subsidaries/associates:
NIL
(c) Details of Shareholders holding more than 5% shares in the company:
NOTE NO. - 3. - Related Party Disclosure
Related party disclosure as required by AS-18 - "Related Party
Disclosure". are given below Companies having Significant Influence -
Key Managerial Personnel
Ravi Jain
R.N. Arora
Bhuvnesh Kumar Sharma
Sajal Jain
Transactions with related parties
Loan taken from Director Rs. 10,40,000/-
NOTE NO. - 4. - CONTINGENT LIABILITIES
The Company has furnished corporate guarantee to a bank for a loan
taken by a company.
NOTE NO. - 5
There have been no reported transactions during the year with Micro,
Small and Medium Enterprises covered under the Micro, Small and Medium
Enterprises Development (MSMED) Act, 2006.
NOTE NO. - 6
In accordance with the Accounting Standard - 22 on Accounting for Taxes
on Income, the Company has net cumulative deferred tax asset of Rs.
3,21,868/- (P.Y.- Rs. 3,67,888/-)
NOTE NO. - 7
(i) Expenditure in Foreign Currency Nil (Previous Year Nil)
(ii) CIF value of Import Nil (Previous Year Nil)
(iii) FOB value of Export Nil (Previous Year Nil)
(iv) Earning in Foreign Exchange Nil (Previous Year Nil)
NOTE NO. - 8
In the opinion of the Board, the current assets, loans & advances, have
a value on realization in the ordinary course of business at least
equal to the amount at which they are stated in the Balance Sheet.
NOTE NO. - 9. - SEGMENT REPORTING
The Company is engaged in the business of Non Banking financial
business and there are no separate reportable segment as per Accounting
Standard - 17 "Segment Reporting"
NOTE NO. - 10
As required in terms of Paragraph 13 of Non Banking Financial Companies
Prudential Norms (Reserve Bank) Directions, 2015 schedule to Balance
sheet of a Non Banking Financial Company are annexed hereto.
NOTE NO. - 11 PREVIOUS YEAR FIGURES
Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification /
disclosure.
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