Mar 31, 2018
NOTE: 1
1.1 Basis of Preparation:
The Financial statements have been prepared in accordance with the accounting principles generally accepted 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, 2014, (as amended) and the relevant provisions of the Companies Act 2013. The financial statements have been prepared on accrual basis under historical cost convention.
1.2 The Accounting policies adopted in the preparation of financial statements are consistent with those of previous year.
Presentation & Disclosure of Financial Statements
The company has carried out classification of Assets and Liabilities into Current and Non-current based on their residual maturity profile as per the requirement of Revised Schedule III to the Companies Act, 2013.
2.1 Contingent liabilities: -
Claim against the Company not acknowledged as debt since the Management is of the opinion that liability will not crystallize:
2.2 Estimated amount of contract remaining to be executed on capital account and not provided for (net of advances) Rs. 2.89 lacs. (Previous year Rs. Nil)
2.3 Disclosure as regards Employee Benefits as required under AS-15 (revised).
(a) Defined Contribution plan:
Companyâs contribution to Provident Fund - Rs 7.49 lacs (P.Y. Rs 7.24 lacs)
(b) Defined Benefit plan:
The following table spells out the status of defined benefit plan:
The Company expects to contribute Rs 10.03 lacs to employee gratuity fund with LIC of India for the financial year 2017-18.
2.4 Hypothecation / Mortgage loan stock and Trade Receivables are secured by hypothecation of assets financed.
2.5 The balance of Trade Receivables, Advances Recoverable and Trade Payables are subject to confirmation. Necessary adjustments, if any, will be made on settlement / reconciliation of accounts.
2.6 Based on information available with the Company, there are no amounts payable to suppliers who are registered under Micro, Small and Medium Enterprises Development Act, 2006 as at 31 st March, 2018. Hence, the information required under Micro, Small and Medium Enterprises Development Act 2006 is not disclosed.
2.7 SEGMENT INFORMATION:
The Company is principally engaged in the business of only one broad segment of fund based financing activity. Accordingly, there are no reportable segments as per Accounting Standard - 17 issued by the ICAI on âSegment Reportingâ.
2.8 The Board has recommended dividend @ 25% amounting to Rs 86.25 lacs, excluding dividend distribution tax, on equity shares, subject to approval of shareholders in the Annual General Meeting.
2.9 EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted Earnings Per Share is the Net Profit for the year disclosed in the Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs (P.Y. 34.50 lacs)
2.10 The previous year figures have been recast / regrouped wherever considered necessary to make them comparable with current year.
2.11 Schedule to the Balance Sheet (As required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank), Directions, 1998):
Mar 31, 2015
1. Basis of Preparation:
The Financial statements have been prepared in accordance with the
accounting principles generally accepted in India (Indian GAAP). The
company has prepared these financial statements to comply in all
material respects with the Accounting standards notified under section
133 of the Companies Act 2013, read together with Rule 7 of the
Companies (Accounts) Rules, 2014. The financial statements have been
prepared on accrual basis under historical cost convention.
2. The Accounting policies adopted in the preparation of financial
statements are consistent with those of previous year.
Presentation & Disclosure of Financial Statements
The company has carried out classification of Assets and Liabilities
into Current and Non-current based on their residual maturity profile
as per the requirement of Schedule III to the Companies Act, 2013.
3. Contingent Liability:
Claim against the Company not acknowledged as debt since the Management
is of the opinion that liability will not crystallize:
(Rs. in lacs)
a) For Income Tax matters Rs. 2.72 (P.Y. Rs. 1.59)
4. Estimated amount of contract remaining to be executed on capital
account and notprovided for (net of advances) Rs. 1.50 lacs. (Previous
year Rs. Nil)
5. Disclosure as regards Employee Benefits as required under AS-15
(revised).
(a) Defined Contribution plan:
Company's contribution to Provident Fund - Rs. 6.06 lacs (P.Y. Rs. 3.88
lacs)
(b) Defined Benefit plan:
6. Hypothecation / Mortgage loan stock and Trade Receivables, except
Rs. 2.02 lacs (previous year Rs. Nil) receivable against personal loan,
are secured by hypothecation of assets financed.
7. The balance of Trade Receivables, Advances Recoverable and Trade
Payables are subject to confirmation. Necessary adjustments, if any,
will be made on settlement / reconciliation of accounts.
8. Based on information available with the Company, there are no
amounts payable to suppliers who are registered under Micro, Small and
Medium Enterprises Development Act, 2006 as at 31st March, 2015.
Hence, the information required under Micro, Small and Medium
Enterprises Development Act 2006 is not disclosed.
9. SEGMENT INFORMATION:
The Company is principally engaged in the business of only one broad
segment of fund based financing activity. Accordingly, there are no
reportable segments as per Accounting Standard - 17 issued by the ICAI
on "Segment Reporting".
10. EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted
Earnings Per Share is the Net Profit for the year disclosed in the
Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator
in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs
(P.Y. 34.50 lacs)
11. The previous year figures have been recast / regrouped wherever
considered necessary to make them comparable with current year.
Mar 31, 2014
1. Basis of Preparation:
The Financial statements have been prepared in accordance with the
accounting principles generally accepted 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 financial statements
have been prepared on accrual basis under historical cost convention.
2. The Accounting policies adopted in the preparation of financial
statements are consistent with those of previous year.
Presentation & Disclosure of Financial Statements
The company has carried out classification of Assets and Liabilities
into Current and Non-current based on their residual maturity profile
as per the requirement of Revised Schedule VI to the Companies Act,
1956.
NOTE - 3
3.1 Contingent Liability:
Claim against the Company not acknowledged as debt since the Management
is of the opinion that liability will not crystallize:
(Rs. in lacs)
a) For Income Tax matters Rs. 1.59 (P.Y. Rs. 1.59)
3.2 Estimated amount of contract remaining to be executed on capital
account and not provided for (net of advances) Rs. Nil (Previous year
Rs. 1.00 lac)
The Company is required to contribute Rs. 2.89 lacs to employee
gratuity fund with LIC of India for the financial year 2014-15, and no
further contribution is expected to be paid.
4. Hypothecation loan stock and Trade Receivables (net of provisions)
are secured by hypothecation of assets financed.
5. The balance of Trade Receivables, Advances Recoverable and Trade
Payables are subject to confirmation. Necessary adjustments, if any,
will be made on settlement / reconciliation of accounts.
6. Based on information available with the Company, there are no
amounts payable to suppliers who are registered under Micro, Small and
Medium Enterprises Development Act, 2006 as at 31st March, 2014.
Hence, the information required under Micro, Small and Medium
Enterprises Development Act 2006 is not disclosed.
7. SEGMENT INFORMATION:
The Company is principally engaged in the business of only one broad
segment of fund based financing activity. Accordingly, there are no
reportable segments as per Accounting Standard - 17 issued by the ICAI
on "Segment Reporting".
8. EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted
Earnings Per Share is the Net Profit for the year disclosed in the
Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator
in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs
(P.Y. 34.50 lacs)
9. The previous year figures have been recast / regrouped wherever
considered necessary to make them comparable with current year.
Mar 31, 2013
1.1 Basis of Preparation:
The Financial statements have been prepared in accordance with the
accounting principles generally accepted 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 financial statements
have been prepared on accrual basis under historical cost convention.
1.2 The Accounting policies adopted in the preparation of financial
statements are consistent with those of previous year.
Presentation & Disclosure of Financial Statements
The company has carried out classification of Assets and Liabilities
into Current and Non-current based on their residual maturity profile
as per the requirement of Revised Schedule VI to the Companies Act,
1956.
NOTE - 2
2.1 Contingent Liability:
Claim against the Company not acknowledged as debt since the Management
is of the opinion that liability will not crystallize:
(Rs. in lacs) a) For Income Tax matters Rs. 1.59 (P.Y. Rs. Nil)
2.2 Estimated amount of contract remaining to be executed on capital
account and not provided for (net of advances) Rs. 1.00 lac (Previous
year Rs. Nil)
2.3 Disclosure as regards Employee Benefits as required under AS-15
(revised).
(a) Defined Contribution plan: Company''s contribution to Provident Fund
- Rs. 3.74 lacs (P.Y. Rs 3.56 lacs)
(b) Defined Benefit plan:
The following table spells out the status of defined benefit plan:
2.4 Hypothecation loan stock and Trade Receivables (net of provisions)
are secured by hypothecation of assets financed. Trade Receivables are
considered good by the Management.
2.5 The balance of Trade Receivables, Advances Recoverable and Trade
Payables are subject to confirmation. Necessary adjustments, if any,
will be made on settlement / reconciliation of accounts.
2.6 Based on information available with the Company, there are no
amounts payable to suppliers who are registered under Micro, Small and
Medium Enterprises Development Act, 2006 as at 31st March, 2013.
Hence, the information required under Micro, Small and Medium
Enterprises Development Act 2006 is not disclosed.
2.7 SEGMENT INFORMATION:
The Company is principally engaged in th business of only one broad
segment of fund based financing activity. Accordingly, there are no
reportable segments as per Accounting Standard - 17 issued by the ICAI
on "Segment Reporting".
2.8 EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted
Earnings Per Share is the Net Profit for the year disclosed in the
Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator
in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs
(P.Y. 34.50 lacs)
Mar 31, 2012
1.1 Basis of Preparation:
The Financial statements have been prepared in accordance with the
accounting principles generally accepted 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 financial statements
have been prepared on accrual basis under historical cost convention.
1.2 The Accounting policies adopted in the preparation of financial
statements are consistent with those of previous year, except for
change in accounting policy as below.
Presentation & Disclosure of Financial Statements
During the year ended 31 March 2012, the revised Schedule VI notified
under the Companies Act 1956, has become applicable to the company for
preparation and presentation of its financial statements. The adoption
of revised Schedule VI does not impact recognition and measurement
principles followed for preparation of financial statements. However,
it has significant impact on presentation and disclosures made in the
financial statements.
The company has carried out classification of Assets and Liabilities
into Current and Non-current based on their residual maturity profile
as per the requirement of Revised Schedule VI to the Companies Act,
1956. The company has also reclassified the previous year figures in
accordance with the requirements applicable and to make them comparable
in the current year.
2.1 Contingent liabilities: -
Claims against the Company not acknowledged as debt since the
Management is of the opinion that liabilities will not crystallize:
(Rs. in lacs)
a) For Income Tax matters in appeal Nil (P.Y. 7.29)
2.2 Estimated amount of contract remaining to be executed on capital
account and not provided for (net of advances) Rs. 1.25 lacs (Previous
year Rs. 1.25 lacs )
2.3 Disclosure as regards Employee Benefits as required under AS-15
(revised).
(a) Defined Contribution plan:
Company's contribution to Provident Fund - Rs 4.36 lacs (P.Y. Rs 3.35
lacs)
2.4 The balance of Trade Receivables, Advances recoverable and Trade
Payables are subject to confirmation. Necessary adjustments, if any,
will be made on settlement / reconciliation of accounts.
2.5 Based on information available with the Company, there are no
amounts payable to suppliers who are registered under Micro, Small and
Medium Enterprises Development Act, 2006 as at 31st March, 2012.
Hence, the information required under Micro, Small and Medium
Enterprises Development Act 2006 is not disclosed.
2.6 SEGMENT INFORMATION:
The Company is principally engaged in the business of only one broad
segment of fund based financing activity. Accordingly, there are no
reportable segments as per Accounting Standard - 17 issued by the ICAI
on "Segment Reporting".
2.7 EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted
Earnings Per Share is the Net Profit for the year disclosed in the
Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator
in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs
(P.Y. 34.50 lacs)
Mar 31, 2010
1) Contingent liabilities: -
Claims against the Company not acknowledged as debt since the
Management is of the opinion that liabilities will not crystallize:
(Rs. in lacs)
a) For Income Tax matters in appeal 7.29 (P.Y.10.74)
2) Estimated amount of contract remaining to be executed on capital
account and not provided for (net of advances) Rs. 1.56 lacs (Previous
year Rs. Nil)
3) Disclosure as regards Employee Benefits as required under AS-15
(revised),
(a) Defined Contribution plan:
Companys contribution to Provident Fund - Rs 3.46 lacs (P.Y. Rs 3.53
lacs)
4) The balance of Sundry Debtors, Advances recoverable and Sundry
Creditors are subject to confirmation. Necessary adjustments, if any,
will be made on settlement / reconciliation of accounts.
5) Based on information available with the Company, there are no
amounts payable to suppliers who are registered under Micro, Small and
Medium Enterprises Development Act, 2006 as at 31st March, 2010. Hence,
the information required under Micro, Small and Medium Enterprises
Development Act 2006 is not disclosed.
6) SEGMENT INFORMATION:
The Company is principally engaged in the business of only one broad
segment of fund based financing activity. Accordingly, there are no
reportable segments as per Accounting Standard - 17 issued by the ICAI
on "Segment Reporting".
7) EARNINGS PER SHARE:
a) The amount used as the Numerator in calculating Basic and Diluted
Earnings Per Share is the Net Profit for the year disclosed in the
Profit and Loss Statement.
b) The weighted average number of Equity Shares used as the Denominator
in calculating both Basic and Diluted Earnings Per Share are 34.50 lacs
(P.Y. 34.50 lacs)
8) The additional information pertaining to Part II of Schedule 6 of
the Companies Act are either nil or not applicable.
9) The previous year figures have been recast/ regrouped wherever
considered necessary to make them comparable with current year.
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