Mar 31, 2015
1. As defined in paragraph 2 (1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning Norms shall be applicable as prescribed in
Non-Systemically Important Non-Banking Financial (Non Deposit Accepting
or Holding) Companies Prudential Norms (Reserve bank) Direction, 2015.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of Investments and other assets as
also assets acquired in satisfaction of debts. However, Market value in
respect of quoted investment and break - up / fair value/ NAV in
respect on unquoted investment should be disclosed irrespective of
whether they are classified as long term or current in ( 4 ) above.
Mar 31, 2014
A. The Company's main business is Finance and Investment falling under
one business head. Hence, Segmental Reporting as per AS - 17 is not
applicable to the company
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non-Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
Mar 31, 2013
A. The Company's main business is Finance and Investment falling under
one business head. Hence, Segemental Reporting as per AS - 17 is not
applicable to the company
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non-Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
Mar 31, 2012
A. The Company's main business is Finance and Investment falling under
one business head. Hence, Segemental Reporting as per AS - 17 is not
applicable to the company
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non- Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
Mar 31, 2011
1 The Company's main business is Finance and Investment falling under
one business head. Hence, Segmental Reporting as per AS -17 is not
applicable to the company
2 The Company has not entered into Related Party Transaction as per AS
-18.
3 Deferred Tax is recognized, subject to the consideration of prudence,
on timing differences, being the difference between taxable income and
accounting income that originate in one period and are capable of
reversal in one or more subsequent periods as per AS-22.
4 Loss in Capital Market Operations is the net result of Purchase, Sale
and Share Difference.
5 As required in terms of paragraph 9BB of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 1998, issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non-Banking Finance Company.
6 Special Reserve has been created @ 20% of Profit after Tax as per RBI
guidelines.
7 Contingent Provisions against Standard Assets has been created @
0.25% of the outstanding standard assets as per RBI directions.
8 Previous year figures have been regrouped and/or rearranged wherever
necessary.
9 Schedules from 1 to 8 form an integral part of the Accounts for the
year.
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