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Notes to Accounts of Dee Kartavya Finance Ltd.

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 –

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, 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.

 
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