Mar 31, 2014
A. Related Party Transactions - Disclosures pursuant to AS 18:
(1) Associate/group companies, firms, other entities:
Bronze Infratech Limited
Regency Resorts
Regency Aquaelectro & Motel Resorts P. Ltd.
Regency Carbide Private Limited
Sunar Constructions Private Limited
A. Power Himalayas Limited
Uniglory Developers Private Limited
Karac Developers Private Limited
(2) Individuals having control:
Amitabh Sharma
Arun Sharma
Sunita Sharma
(3) Key management personnel:
Sumit Sharma
Ritu Daga
B. Segmental Information - Disclosures pursuant to AS 17 are not
specified since the management is of the opinion that the Company
significantly operates in a in a single business segment that is
"Finance & Capital Markets" and the other reported activities are
either unconventional/exceptional or un-comparable.
C. The Company is not registered as a "Non Banking Financial or
Investment Company (NBFC)" under the Reserve Bank of India Act, 1934
(RBI Act) since the management of the Company is of the opinion that
the core business activity of the Company is "Financial Services"
and is only intermittently carrying on funding and investment
activities which are incidental to accomplish the core business
activities of the Company.
D. Contingent Liability & Subsequent Events - All disputed and/or
contingent liabilities are either provided for or disclosed as such, on
the basis of mutual acceptances or depending on the management''s
perception of its potential outcome. The management has taken adequate
steps to provide sufficiently for all known, anticipated or contingent
liabilities. Events occurring after the balance sheet date up to the
date of adoption of the financial statements, having a material bearing
are considered while preparing the financial statements.
E. In respect of certain payments made for expenses or otherwise where,
the payees'' acknowledgements and/or other supporting evidences of
payments were not available for our verification, the management
confirms the propriety of the payments and of the debits given to the
respective account heads. None of the revenue expenses are capitalised
during the year or vice versa.
F. The balances of receivables and payables are subject to third party
confirmations. The liabilities, assets, payables and receivables are
approximately of the value stated in the accounts and payable or
receivable in the ordinary course of business.
G. Prior Period Items - The Company follows the accrual system of
accounting, but provision for expenses is made on the basis of the
materially concept and where ever ascertainable.
H. In the opinion of the management, there are no outstanding dues
towards suppliers as defined under the "Micro, Small & Medium
Enterprises Development Act, 2006".
I. Managerial Remuneration - The management has been paid a
remuneration of Rs.260000/- (Rs.Nil) during the year.
J. Retirement Benefits - The management is of the opinion that
provisions for employees retirement benefits are not required to be
made.
K. Additional Information - Additional information pursuant to the
applicable provisions of paragraph 5 of Part II of Schedule VI to the
Act, to the extent not already reported elsewhere:
L. Previous year figures are regrouped or reclassified wherever
necessary. Figures in brackets pertain to previous year. All figures
have been rounded off to the nearest rupee.
Mar 31, 2013
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for  Rs. Nil
Particulars of Director,s Remuneration (In Rs.)
3. Rs. Nil has been paid to any of Directors towards Directors,
Remuneration for the Year (P.Y. Rs. Nil)
Related Party Transactions
4. Key Management Personnel Â
1. Mr. Manav Sharma - Executive Director
5. The differed tax has not been recognized in financial statement
during the year under review.
6. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2013. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
7. Previous years, figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.}
Mar 31, 2012
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for Rs. Nil
Particulars of Director''s Remuneration (In Rs. )
3. Rs. Nil has been paid to any of Directors towards Directors''
Remuneration for the Year (P.Y. Rs. Nil)
Related Party Transactions
4. Key Management Personnel
1. Mr. Manav Sharma - Executive Director
2. Rajeev Walia - Director
3. Videsh Vasdev - Director
Subsidiary & Group Companies or Companies under same management -
5. Company under same Management  Not Any
Differed Tax
6. The differed tax has not been recognized in financial statement
during the year under review.
7. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2011. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
8. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2011
1. In the opinion of the Board, Current Assets, Loans and Advances are
approximately of the value state, if realized in the ordinary course of
business. Provisions for all known liabilities are adequate and not in
excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for à Rs. Nil Particulars of
Director's Remuneration (In Rs.)
3. Rs. Nil has been paid to any of Directors towards Directors'
Remuneration for the Year (P.Y. Rs. Nil)
Differed Tax
4. The differed tax has not been recognized in financial statement
during the year under review.
5. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2011. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
6. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
We have verified the attached Cash Flow Statement of M/s. Dee Kartavya
Finance Limited, derived from Audited Financial Statements and the
books and records maintained by the Company for the year ended on 31st
March 2011 and found the same in agreement therewith.
Mar 31, 2010
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for - Rs Nil
Particulars of Director's Remuneration (In Rs)
3. Rs Nil has been paid to any of Directors towards Directors'
Remuneration for the Year (P.Y. Rs Nil)
*The Company does not have any outstanding dilutive potential equity
shares.
4. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2010. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
5. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.