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Notes to Accounts of Capman Financials Ltd.

Mar 31, 2014

1. For the period of Five Years immediately preceding, 31st March, 2014 company has not:-

(i) allotted any Shares as fully paid up pursuant to contract(s) without payment being received in cash

(ii) allotted any shares as fully paid up by way of bonus shares.

(iii) bought back any shares.

2. The Company has transferred an amount of ` 9,37,224/- (P.Y. ` 9,33,244/-) to the Reserve Fund in accordance with the provisions of Section 45-IC of the RBI Act, 1934. The Company has transferred an amount of ` 1,54,519/- (P.Y. ` 1,41,264/-) to a separate account titled as Contingent Provisions against Standard Assets in accordance with RBI Notification No. DNBS.223/CGM (US) - 2011 dated January 17, 2011 and the balance of the account has been shown under the head Reserves and Surplus

3 (i) As required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Schedule is appended to the Balance Sheet

(ii) Figures for the previous year have been re-grouped and re-arranged whereever they are considered necessary to make the same comparable with figures for the current year.


Mar 31, 2013

I. As required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Schedule is appended to the Balance Sheet

ii. Figures for the previous year have been re-grouped and re-arranged wherever they are considered necessary to make the same comparable with figures for the current year according to requirements of Revised Schedule- VI of Companies Act.


Mar 31, 2012

Company has issued only one category of Equity Shares as stated above. Company does not have any kind of Outstanding Preference Shares or Convertible Warrant or any other kind of instrument other than the Equity Shares as stated above

For the period of Five Years immediately preceding, 31st March, 2012 company has not:-

(i) allotted any Shares as fully paid up pursuant to contract(s) without payment being received in cash

(ii) allotted any shares as fully paid up by way of bonus shares.

(iii) bought back any shares.

The Company has transferred an amount of '' 1,25,319/- ('' 1,11,182/-) to a separate account titled as Contingent Provisions against Standard Assets in accordance with RBI Notification No. DNBS.223/CGM (US) - 2011 dated January 17, 2011 and the balance of the account has been shown under the head Reserves and Surplus

NOTE - 1: DEFERRED TAX LIABILITIES (NET)

Based on general prudence, the Company has not recognized deferred tax asset in respect of the difference of the depreciation as per The Companies Act, 1956 and The Income Tax Act, 1961. The details of deferred tax asset and liability provided during the year are given as under:

NOTE - 2

As required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Schedule No.1 is appended to the Balance Sheet

NOTE - 3

Figures for the previous year have been re-grouped and re-arranged wherever they are considered necessary to make the same comparable with figures for the current year according to requirements of Revised Schedule- VI of Companies Act. The figures in the brackets are for the Previous Year.


Mar 31, 2010

1. Particulars in respect of Opening Stock, Purchases, Sales and Closing Stock of Shares and Securities traded:

2. During the year, the brought forward balance of the provision for bad and doubtful debts of Rs.3000000/- in respect of the sundry debtors and the balance of the provision for bad and doubtful debts of Rs.200000/- in respect of debtors for loans and advances have been reversed consequent to the writing-off of the respective debts as bad debts.

3. The Company has transferred an amount of Rs.504057/- (P.Y. Rs.439261/-) to the Reserve Fund in accordance with the provisions of Section 45-IC of the RBI Act, 1934.

4. In opinion of the management, the current assets and loans and advances are stated at the value realizable in the ordinary course of business of the Company.

5. Deferred Taxes:

Based on general prudence, the Company has not recognized deferred tax asset in respect of long term capital losses being carried forward. Balance of the deferred tax asset has been included in the provision for taxation for the current year consequent to reversal of the provisions for bad and doubtful debts. The details of deferred tax asset and liability provided during the year are given as under:

6. Segment Reporting:

As per AS-17 on Segment Reporting, the business activities of the Company are classified in three segments namely (a) Financing activities (b) Dealing in Shares & Securities and Derivatives and (c) Investment activities. The segment information is given in Annexure-B.

7. Related Party Disclosure:

As per AS-18 on Related Party Disclosures, the details of transactions entered into with related parties are given in Annexure-C.

8. Earnings Per Share - Basic and Diluted

Details of Earning per Share as per AS-20 are given as under. The Company does not have any outstanding dilutive potential equity shares.

9. Balance Sheet abstract and Companys general business profile as required under Part IV of Schedule VI is given in Annexure-D.

10. As required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Schedule is appended to the Balance Sheet.

11. Figures for the previous year have been re-grouped and re-arranged where ever considered necessary to make the same comparable with figures for the current year.

 
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