Mar 31, 2015
1. BACKGROUND:
Delta Leasing and Finance Limited (the Company) was incorporated on 21
st November 1983 having CIN L67120DL1983PLC016990. The PAN of the
Company is AAACD0594K.
The Company is maintaining its Bank Account with Andhra Bank. The
company is principally engaged in lending and investing activities.
2. SEGMENT REPORTING:
(a) The company's sole business segment is loan and investment and the
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standard 17 segment reporting
is not considered relevant.
3. Information related to Micro, small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
2006 (MSME Development Act). There is no due to small scale Industrial
undertaking which are required to be disclosed as per schedule III to
the Companies Act, 2013.
4. Disputed liabilities & claims as treated as contingent liabilities.
Claims against the Company other than assessment proceedings not
acknowledged as debts Rs. Nil (P.Y. Nil)
5. Pursuant to provisions of the Companies Act, 2013 during the year,
the company is not required to transfer any amount due for transfer to
Investors Education Protection Fund.
6. The debit & credit balances outstanding in the accounts of various
parties are subject to confirmation by the parties concerned.
7. Figures for previous year have been regrouped and rearranged
wherever considered necessary.
8. In the opinion of the management, the current assets, loans and
advances have the value, which on realization in thre ordinary course
of business would at least equal to that at which the same have been
stated in the balance sheet.
9. No interest has not been paid for long term borrowings.
10.According to our opinion Service Tax is applicable on Reverse Charge
Mechanism on Travelling Expenses by Taxi incurred by company through
non corporate Assessee. The Service Tax has not been paid for this.
11. RELATED PARTY DISCLOSURES:
Details of disclosures as required by " Accounting Standard (AS)-18 on
Related Party Disclosure" are as under:-
a) Name of related parties and description of relationship:
Key Management Personnel
Shri Subodh Kumar Khandelwal Managing Director
Ms. Meera Mishra Director
Ms. Seema Khandelwal Director
Ms. Renu Jindal Director
Shri Pawan Kumar Poddar Director
Shri Uttam Kumar Srivastava Director
Ms. Shipra Kamra Company Secretary
Ms. Swati Khanna CFO
12. Disclosure of detail required in terms Paragraph 9BB of Non-Banking
Financial Companies Prudential Norms (Reserve Bank) Directions, 1998.
Amalgamation of M/s Euphoria Capital Private Limited (Being Non-Banking
Financial Company), M/s Juneja Nagpal & Constructions Private Limited,
M/s Modi Commercial Deals Limited & M/s Ganga Debt Recovery Agency
Private Limited (the Transferor Companies No. 1 to 4 respectively) with
DELTA LEASING AND FINANCE LIMITED (the transferee Company) in terms of
the Scheme of Arrangement framed under sections 391 and 394 of the
Companies Act,1956, was approved by the Hon'ble High Court of Delhi at
New Delhi vide its order dated 04th April,2011.
As per the Hon'ble High Court Order dated 04/04/2011, the Certificate
of Registration granted to Transferor Company No.1 Euphoria Capital
Private Limited by the Reserve Bank of India as Non-Banking Financial
Company be transferred to and vested in the Transferee Company pursuant
to the provision of section 394 of the Act (Refer to Point No. 2 (a) of
the Scheme of Arrangement).
Mar 31, 2014
1. BACKGROUND:
Delta Leasing and Finance Limited (''the Company'') is registered under
the provisions of Companies Act, 1956. The company is principally
engaged in lending and investing activities.
2. The financial statement for the period ended March 31, 2014 had been
prepared as per the then applicable Schedule VI to the companies act,
1956. Consequent to the notification to the Revised Schedule VI under
the companies act,1956, the financial statement for the period ended
March 31, 2014 have been prepared as per Revised Schedule VI.
Accordingly the previous year''s figures does not impact recognition and
measurement principle followed for preparation of financial statement.
3 Information related to Micro, Small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
2006 (MSME Development Act). There is no due to small scale industrial
undertaking which are required to be disclosed as per schedule VI to
the Comapnies Act,1956.
4 RELATED PARTY DISCLOSURES:
Details of disclosures as required by "Accounting Standard (AS)- 18 on
Related Party Disclosure" are as under:- a) Names of related parties
and description of relationship:
Key Management Personnel
Shri Subodh Kumar Khandelwal Managing Director
Mrs. Meera Mishra Director
Mrs. Seema Khandelwal Director
Renu Jindal Director
Shri Pawan Kumar Poddar Director
Shri Uttam Kumar Srivastava Director
Ms. Shipra Kamra Company Secretary b) Related party transactions:
As per the information available it seems that there were no related
party transactions.
5. Information related to Micro, Small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
2006 (MSME Development Act). There is no due to small scale industrial
undertaking which are required to be disclosed as per schedule VI to
the Companies Act, 1956.
6. RELATED PARTY DISCLOSURES:
Details of disclosures as required by "Accounting Standard (AS) - 18 on
Related Party Disclosure" are as under:- a) Names of related parties
and description of relationship:
Key Management Personnel
Mr. Subodh Kumar Khandelwal, Director
Mrs. Meera Mishra, Director
Mrs. Seema Khandelwal, Director
Mrs. Renu Jindal, Director
Mr. Pawan Kumar Poddar, Director
Mr. Uttam Kumar Srivastava, Director
Ms. Shipra Kamra, Company Secretary
b) Related party transactions:
As per the information available it seems that there were no related
party transactions.
Note 7:
Disclosure of details required in terms of Paragraph 9BB of Non-Banking
Financial Companies Prudential Norms (Reserve Bank) Directions, 1998.
Amalgamation of M/s Euphoria Capital Private Limited (Being Non-Banking
Financial Company), M/s Juneja Nagpal & Constructions Private Limited,
M/s Modi Commercial Deals Limited & M/s Ganga Debt Recovery Agency
Private Limited (the Transferor Companies No. 1 to 4 respectively) with
DELTA LEASING AND FINANCE LIMITED (the Transferee Company) in terms of
the Scheme of Arrangement framed under sections 391 and 394 of the
Companies Act, 1956, was approved by the Hon''ble High Court of Delhi at
New Delhi vide its order dated 04th April, 2011.
As per the Hon''ble High Court Order dated 04/04/2011, the Certificate
of Registration granted to Transferor Company No. 1 Euphoria Capital
Private Limited by the Reserve Bank of India as Non-Banking Financial
Company be transferred to and vested in the Transferee Company pursuant
to the provision of section 394 of the Act (Refer to Point No. 2 (a.)
of the Scheme of Arrangement).
Mar 31, 2013
1. Background:
Delta Leasing and Finance Limited (''the Company'') is registered under
the provisions of Companies Act, 1956. The company is principally
engaged in lending and investing activities.
2. The financial statement for the period ended March 31, 2013 had been
prepared as per the then applicable Schedule VI to the companies act,
1956. Consequent to the notification to the Revised Schedule VI under
the companies act, 1956, the financial statement for the period ended
march 31, 2013 have been prepared as per Revised Schedule VI.
Accordingly the previous year''s figures does not impact recognition and
measurement principle followed for preparation of financial statement.
3 Information related to Micro, Small and Medium Enterprises, as
defined in the Micro, Small and Medium Enterprises Development Act,
4 RELATED PARTY DISCLOSURES:
Details of disclosures as required by "Accounting Standard (AS)- 18 on
Related Party Disclosure" are as under:- a) Names of related parties
and description of relationship: Key Management Personnel
Mr. Subodh Kumar Khandelwal Managing Director
Mrs. Meera Mishra Director
Mrs. Seema Khandelwal Director
Mrs. Renu Jindal Director
Mr. Pawan Kumar Poddar Director
Mr. Uttam Kumar Srivastava Director
Ms. Simran Kaur Kharbanda Company Secretary
b) Related party transactions:
As per the information available it seems that there were no related
party transactions.
Note 5:
Disclosure of details required in terms of Paragraph 9BB of Non-Banking
Financial Companies Prudential Norms (Reserve Bank) Directions, 1998.
Amalgamation of M/s Euphoria Capital Private Limited (Being Non-Banking
Financial Company), M/s Juneja Nagpal & Constructions Private Limited,
M/s Modi Commercial Deals Limited & M/s Ganga Debt Recovery Agency
Private Limited (the Transferor Companies No. 1 to 4 respectively) with
DELTA LEASING AND FINANCE LIMITED (the Transferee Company) in terms of
the Scheme of Arrangement framed under sections 391 and 394 of the
Companies Act, 1956, was approved by the Hon''ble High Court of Delhi at
New Delhi vide its order dated 04th April, 2011. As per the Hon''ble
High Court Order dated 04/04/2011, the Certificate of Registration
granted to Transferor Company No. 1 Euphoria Capital Private Limited by
the Reserve Bank of India as Non-Banking Financial Company be
transferred to and vested in the Transferee Company pursuant to the
provision of section 394 of the Act (Refer to Point No. 2 (a.) of the
Scheme of Arrangement). But till date the Certificate has not been
transferred in the name of Delta Leasing & Finance Ltd.