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Notes to Accounts of Moneyboxx Finance Ltd.

Mar 31, 2023

Note No. 33

The Previous year figure have been reworked, regrouped, rearranged, and reclassified wherever necessary. Accordingly, amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

Note No. 34

During the year, the company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

Note No. 35 Additional Regulatory Information

i. The company does not hold any immovable property where title deeds are not held in name of the Company.

ii. No investment property is held by the company as at Balance sheet date.

iii. No Property, Plant and Equipment is revalued by company during the year.

iv. No Intangible asset is revalued by company during the year.

v. No Loans or Advances are granted to promoters, directors, KMPs and the related parties during the year.

vi. The company does not hold any benami property at any point of time during the year & hence no proceedings have been initiated or pending in this respect against the company.

vii. Quarterly returns or statement of current assets filed by the company with Banks & Financial Institutions w.r.t borrowings taken are in agreement with the books of accounts. Further, there is no discrepancy during the year.

viii. The company is not a wilful defaulter declared by any bank or financial institution or any lender.

ix. The company has no transactions with any company whose name has been struck off under section 248 of Companies act,20l3 or Section 560 of Companies act,l956.

x. Filings w.r.t registration of charges and satisfaction of same have been filed within due statutory time limits. Also, no filings are yet to be filed with ROC beyond the statutory period.

xi. The Company have not traded or invested in crypto currency or virtual currency during the financial year.

xii. Section 2(87) of the Companies Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable to company.

xiii. The company has not entered into any arrangements in terms of section 230 to 237 of Companies act ,2013.

xiv. The Company has not paid /received any fund from/to any other person or entity with the understanding that the Intermediary or Company shall.

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company/funding party (Ultimate Beneficiaries)

b) provide any guarantee, security, or the like to or on behalf of the Ultimate Beneficiaries.

xv. The company have not any such transactions which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income tax act I96l(such as, search or survey or any other relevant provisions of the Income Tax Act,1961).

xvi. Pursuant to RBI circular dated November 12, 2021, “Prudential norms on Income Recognition, Asset classification and provisioning pertaining to Advances -clarifications,” the company has taken necessary steps and complied with the provisions of the circular for regulatory reporting, as applicable. The financial Statements for they year ended March 31,2023, are prepared in accordance with the applicable IND-AS guidelines and the RBI Circular dated March 13,2020- “Implementation of Indian Accounting Standards”.


Mar 31, 2018

1. Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata, West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10, 2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27, 2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13, 2014 by the Registrar of Companies ,Delhi. The company''s Corporate Identity Number is L30007DL1994PLC260191 and its Registered office is situated at 255, Aggarwal City Plaza, Manglam Place, Rohini, Sector-3, Delhi-110085.

The Company was registered with Reserve Bank of India to carry on NBFC Activities under Section 45IA of Reserve Bank of India Act, 1934 bearing Registration No.-B.14.03301 dated 22.05.2014.

Notes:2

(i) There has been no movement in the Issued, Subscribed and Paid-up capital of the Company.

(ii) Terms/Rights attached to equity shares

(iii) The Company has only one class of equity share having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share and entitled to dividends approved by shareholders.

(iv) In the event of liquidation of the company, the holders of equity share will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by each shareholder

On the basis of records available with the company, there exists no over dues to micro & small enterprises in terms of Micro, Small & Medium enterprises Development Act, 2006(MSMED Act).

Note 3

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 ''Segmental Reporting'' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

ABasic earning per equity share has been computed by dividing net profit after tax by the weighted average number of equity shares outstanding during the period. There are no potential equity shares outstanding and as such the Diluted earning per share is same as basic earning per share.

Note 4

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories, As Certified the management of the Company, the Company has the policy of valuing the stock on First-in-First out (FIFO) method and the same has been regaulary employed by the Company in preparation & presentation of Financial statements.

Note 5

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary course of business.

(ii) The Provision for depreciation and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 6

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.


Mar 31, 2015

Note 1

Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata,West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10,2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27,2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Registrar of Companies ,Delhi. The company's Corporate Identity Number is L30007DL1994PLC260191 and its Registered office is situated at 61 ,Vats Market ,Near Shiva Market ,Pitam Pura ,Delhi-110034. Earlier, the company was registered with Reserve Bank of India ,Kolkata to carry on NBFC activities under section 45-IA of the Reserve Bank of India Act,1934 bearing Registration No.B.05.05269 dated 28.01.2003. Subsequently, a fresh NBFC certificate consequent to change of registered office was issued by RBI, New Delhi bearing Registration No.-B.14.03301 dated 22.05.2014.

Note 2

Total amount of Secured Car Loan Sanctioned from HDFC Bank is Rs.10,00,000.00/- against which Rs.9,51,934.02/-(Previous year - Rs. NIL/-) is outstanding at year end and is secured against hypothecation of vehicle. The rate of interest charged is 10.00% p.a. (Previous year - NIL p.a.) and is repayable in equal monthly instalments of Rs.32,268.00/-including the amount of interest due thereon.

On the basis of records available with the company, there exists no over dues to micro & small enterprises in terms of Micro, Small & Medium enterprises Development Act,2006(MSMED Act).

Note 3

Related Party Disclosure

As per Accounting Standard-18 on "Related Party Disclosures", related parties of the Company are disclosed below:

A. List of Related Parties:

Directors & their Relatives

* Mr. Mahesh Kumar Dhanuka : Managing Director

* Mr. Gopal Krishan Bansal : Director

* Mr. Sanjeev Mittal : Director

* Mr. Mukesh Bansal : Independent Director

* Mr. Surinder Kumar Bangia : Independent Director

* Ms. Rajni Garg : Independent Director

* Gopal Bansal & Sons HUF : Related Concern

* Ashok Kumar & Sons HUF : Related Concern

* Ashok Kumar Aggarwal : Relative

* Sunita Singla. : Relative

Key Management Personnel (KMP) & Relatives

* Ms. Geeta Goyal : Marketing Head

* Mr. Sunil Goel : Relationship Manager

* Mr. Sunil Jain : Compliance Officer

* Mr. Vinod Kumar Aggarwal : Chief Financial Officer

Note 4

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 'Segmental Reporting' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

Note 5

AS-20 : Earning per Share

^Basic earning per equity share has been computed by dividing net profit after tax by the weighted average number of equity shares outstanding during the period. There are no potential equity shares outstanding and as such the Diluted earning per share is same as basic earning per share.

Note 6

Pursuant to Companies Act, 2013 ("the Act"), the management based on technical evaluation, has reassessed the useful life of the fixed assets. Consequently, In accordance with the Act, the carrying value of the fixed assessts as at 01st April, 2014 is depreciated over the revised residual life of the fixed assets and where the revised residual life of the fixed assets is NIL as at that date, the carrying value of the fixed assets, after retaining the residual value, has been adjusted to the Retained Earnings. Consequently, Retained Earnings has been reduced by Rs.17143/-.

Note 7

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories, As Certified the management of the Company, the Company has the policy of valuing the stock on First-in-First out(FIFO) method and the same has been regularly employed by the company in preparation & presentation of Financial statements.

Note 8

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary cource of business,

(ii) The Provision for depreciation and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 9

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.


Mar 31, 2014

Note 1

Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata,West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10,2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27,2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Registrar of Companies ,Delhi. The company''s Corporate Identity Number is U30007DL1994PLC260191 and its Registered office is situated at 61 ,Vats Market ,Near Shiva Market ,Pitam Pura ,Delhi-110034. Earlier, the company was registered with Reserve Bank of India ,Kolkata to carry on NBFC activities under section 45-IA of the Reserve Bank of India Act,1934 bearing Registration No.B.05.05269 dated 28.01.2003. Subsequently , a fresh NBFC certificate consequent to change of registered office was issued by RBI, New Delhi bearing Registration No.-B.14.03301 dated 22.05.2014.

Note 2

Related Party Disclosure

As per Accounting Standard-18 on "Related Party Disclosures", related parties of the Company are disclosed below: A. List of Related Parties:

Directors & their Relatives

--Mr. Mahesh Kumar Dhanuka : Managing Director

--Mr. Gopal Krishan Bansal : Director

--Mr. Sanjeev Mittal : Director

--Mr. Mukesh Bansal : Director

--Mr. Surinder Kumar Bangia : Additional Director

--Ms. Rajni Garg : Additional Director

--Gopal Bansal & Sons HUF : Related Concern

--Ashok Kumar & Sons HUF : Related Concern

--Ashok Kumar Aggarwal : Relative

--Sunita Singla. : Relative

Key Management Personnel (KMP) & Relatives --Ms. Geeta Goyal : Marketing Head

--Mr. Sunil Goel : Relationship Manager

--Mr. Sunil Jain : Compliance Officer

--Mr. Vinod Kumar Aggarwal : Chief Financial Officer

Note 3

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 ''Segmental Reporting'' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

Note 4

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories , As Certified the management of tha Company, the Company has the policy of valuing the stock on First-in-First out(FIFO) method and the same has been regaulary employed by the company in preparation & presentation of Financial statements.

Note 5

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary cource of business,

(ii) The Provision for depreciateion and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 6

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

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