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Notes to Accounts of Crescent Leasing Ltd.

Mar 31, 2015

1. Terms/Rights attached to Equity Shares :

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

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 proportions to the number of equity shares held by the shareholders.

Additional Disclosure

2. The company has complied with AS-22 on accounting for taxes on Income issued by ICAI accordingly Deferred Tax Liabilities has been recognised by way of charge to Statement of Profit & Loss.

3. Number of employees whose aggregate remuneration were not more than Rs. 60.00 Lac per annum - Nil.

4. As required in terms of paragraph 9BB of Non Banking Financial Companies prudential norms(Reserve Bank) guidelines 1998, schedule is annexed to Balance Sheet.

5. During the year the company has transferred Rs. 3,02,412/- (PY Rs. 1,83,967/-) to Special Reserve account u/s 45 IC of the RBI Act, 1934 for the year ended 31st March, 2015

6. During the year the company has reversed provision of Rs. 28,224/- on Standard Assets as per NBFC

7. Based on the guideline principles given in AS-17 the company is engaged in only investment activities and thus deals in a single primary segment.

8. The company has not entered into any transaction to be disclosed under the heading related party disclosure as per AS 18 issued by ICAI.

9. No provision has been made for the diminution in value of long term investment being temporary in nature.

10. Previous year figures have been re-grouped and/or re-arranged whenever considered necessary

11. Figures have been rounded off to the nearest rupees.

35 The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amount unpaid as at the year end together with interest paid/payable as required under the said act, have not been given.

12. Events Occurring after Balance Sheet Date

No significant events which could effect the financial position as on March 31, 2015, to a material extent have been reported by the management, after the balance sheet date till the signing of the report.


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.

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

2. The company has complied with AS-22 on accounting for taxes on Income issued by ICAI accordingly Deferred Tax Liabilities has been recognised by way of charge to Statement of Profit & Loss.

3. The Company has issued the Bonus Share in Ratio of 1:1 of Equity Shares

4. Number of employees whose aggregate remuneration were not more than Rs. 60,00,000 per annum or Rs. 5,00,000 per month - N il (Nil)

5. As required in terms of paragraph 9BB of Non Banking Financial Companies prudential norms (Reserve Bank) guidelines 1998, schedule is annexed to Balance Sheet.

6. During the year the company has transferred Rs. 1,83,962, (P.Y Rs. 27,575,) to Special Reserve account u/s 45 IC of the RBI Act, 1934 for the year ended 31st March, 2014

7. During the year the company has made a provision of Rs. 1,50,230, on Standard Assets as per NBFC prudential norms under notification number DNBS 222cgm (us) 2011 and DNBS 223 cgm (us) 2011 dated January 17,2011.

8. Based on the guideline principles given in AS-17 the company is engaged in only investment activities and thus deals in a single primary segment.

9. The company has not entered into any transaction to be disclosed under the heading related party disclosure as per AS 18 issued by ICAI.

10. No provision has been made for the diminution in value of long term investment being temporary in nature.

11. Previous year figures have been re-grouped and/or re-arranged whenever considered necessary.

12. Figures have been rounded off to the nearest rupees.


Mar 31, 2013

1 Terms/rights attached to equity shares :

The company has only one class of equit shares having a psr value of 10 per share Each holder of equity shares is entitled to one vote per share

in the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the Preferential amounts. The distribution will be in proportions to the number of equity shares held by the shareholders

2 The company has complied with AS-22 on accounting for taxes on Income issued by ICAI accordingly Deferred Tax Liabilities has been recognised by way of charge to Statement of Profit & Loss.

3 Number of employees whose aggregate remuneration were not more than Rs 60,00,000 per annum or Rs 5,00,000 per month - Nil(Nii).

4 As required in terms of paragraph 9BB of Non Banking Financial Companies prudential norms(Reserve Bank) guidelines 1998, schedule is annexed to Balance Sheet.

5 During the year the company has transferred Rs 27,575, (P.Y Rs 13,390,) to Special Reserve account u/s 451 C of the RBI Act, 1934 for the year ended 31st March, 2012

6 During the year the company has made a provision of Rs 33,662 on Standard Assets as per NBFC prudential norms under notification number DNBS 222cgm (us) 2011 and DNBS 223 cgm (us) 2011 dated January 17, 2011.

7 Based on the guideline principles given in AS-17 the company is engaged in only investment activities arid thus deals in a single primary segment

8 The company has not entered into any transaction to be disclosed under the heading related party disclosure as per AS 18 issued by ICAI.

9 No provision has been made for the diminution in value of long term investment being temporary in nature.

10 Previous year figures have been re-grouped and/or re-arranged whenever considered necessary.


Mar 31, 2011

1. The company has complied with AS - 22 on accounting for taxes on Income issued by ICAI accordingly Deferred Tax Liabilities has been recognized by way of charge to Profit & Loss Account.

2. Number of employees whose aggregate remuneration were not more than Rs. 60,00,000/- per annum or Rs. 5,00,000/- per month - NIL (NIL)

3. Previous years figure have been rearranged/regrouped wherever, considered necessary

4. During the year the company has transferred Rs. 9,576 (P.Y Rs. 41,646) to Special Reserve Account US 45IC of the RBI Act, 1934 for the year ended 31st March, 2011.

5. During the year the company has made a provision of Rs. 85,315 on Standard Assets as per

NBFC norms under notification number DNBS 222 CGM (US) 2011 and DNBS 223 CGM (US) 2011 dated January 17, 2011.

6. Additional information pursuant to part IV of schedule VI is as per annexure I.

7. The company operates in a single business segment and hence no further disclosure is being made.

8. No provision has been made for the diminution in value of long term investment being temporary in nature..

9. Segment Reporting

Based on the guideline principles given in as 17 the co. is engaged in only investment activities and thus deals in a single primary segment

10. The company has not entered into any transaction to be disclosed under the heading related party disclosure as per as 18 issued by ICAI.

11. Schedule as required in terms of paragraph 9bb of non banking financial companies Prudential norms (Reserve Bank) guidelines 1998 are enclosed as per annexure ii.

12. Schedule referred to herein above are integral part of balance sheet & Profit & Loss Account have been duly authenticated.

 
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