Mar 31, 2015
Note 1: Information required under Para 3 (ii) (b) of Part II of
Schedule VI to the Companies Act, 1956 in respect of items traded
during the year:
a. Since the Company is in the business of trading, the provisions
regarding licensed and installed capacity, as well as production & raw
- material consumption are not applicable.
b. Details of items traded Â
Note 2: The Company has not received any intimation from suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures if any, relating to amounts
unpaid as at the year end together with the interest paid/payable as
required under the said Act have not been given.
Note 3: In the opinion of the Board, the Current Assets Loans and
Advances are not less than the values stated if realized in the
ordinary course of business. The provision for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
Note
4: 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.
Note 5: The Company has been Registered as Non Banking Finance Company
with RBI vide Registration No.427. The company is in process of
completing pending formalities of compliance with RBI. Note 30: The
balances of Current assets, Current liabilities including Sundry
Debtors, Sundry Creditors, Loans & advances, Secured & Unsecured Loan
balances are subject to confirmation.
Note 6: Related Party Disclosure
i ) Directors & Key management personnel
- Priya Rawal - Women Director , Executive Director .
- Gaurav Bahety - Executive Director
- Rakesh Kumar - Independent Director (Appointed on December 31, 2014)
- Yogesh Kumar - Independent Director (Appointed on December 31, 2014)
- Anil Tondon - Independent Director (cessation on December 31, 2014 )
- Rajendra Gogawat - Independent Director (cessation on December 31,
2014 )
- Manish Jain - Independent Director (cessation on December 31, 2014 )
ii ) Summary of related party transactions
The transaction with the above parties were as follows:
Note 7: Previous year's figures have been regrouped and/or rearranged
wherever considered necessary.
Mar 31, 2014
Note 1: Information required under Para 3 (ii) (b) of Part II of
Schedule VI to the Companies Act, 1956 in respect of items traded
during the year:
a. Since the Company is in the business of trading, the provisions
regarding licensed and installed capacity, as well as production &
raw - material consumption are not applicable.
b. Details of items traded Â
Note 2: The Company has not received any intimation from suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures if any, relating to amounts
unpaid as at the year end together with the interest paid/payable as
required under the said Act have not been given.
Note 3: In the opinion of the Board, the Current Assets Loans and
Advances are not less than the values stated if realized in the
ordinary course of business. The provision for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
Note 4: 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.
Note 5: Company has been Registered as Non Banking Finance Company
with RBI vide RO No.671.
Note 6: The balances of Current assets, Current liabilities including
Sundry Debtors, Sundry Creditors, Loans & advances, Secured & Unsecured
Loan balances are subject to confirmation.
Note 7: Related Party Disclosure
Major Shareholder Anju Jain
Director Sh. Manish Jain
Concerns where major Shareholder/Director has substantial interest
Arihant Exports Limited
Nityanand Exports & Consultants Co. Ltd. Pasupati Acrylon Limited
Associates
VMA Finance Pvt. Ltd. MVA Finance Pvt. Ltd.
Note 8: Previous year''s figures have been regrouped and/or rearranged
wherever considered necessary.
Mar 31, 2013
Note 1: Information required under Para 3 (ii) (b) of Part II of
Schedule VI to the Companies Act, 1956 in respect of items traded
during the year:
a. Since the Company is in the business of trading, the provisions
regarding licensed and installed capacity, as well as production & raw
- material consumption are not applicable.
b. Details of items traded Â
Note 2: The Company has not received any intimation from suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures if any, relating to amounts
unpaid as at the year end together with the interest paid/payable as
required under the said Act have not been given. Note 21: In the
opinion of the Board, the Current Assets Loans and Advances are not
less than the values stated if realized in the ordinary course of
business. The provision for all known liabilities are adequate and not
in excess of the amount reasonably necessary. Note 22:The Deferred Tax
asset arising due to brought forward losses has not been recognized in
view of uncertainty as recommended under Accounting Standard ''22''
(AS-22) on Deferred Taxation issued by the Institute of Chartered
Accountants of India.
Note: 3 Related Party relationship is as identified by the Company and
relied upon by the Auditors.
Note 4: Previous year''s figures have been regrouped and/or rearranged
wherever considered necessary.
Note 5: Company has been Registered as Non Banking Finance Company
with RBI vide Registration No.13.00625 dated 07.04.1998.
Note 6: In the opinion of the management, the current assets, loans
and advances are expected to realize at least the amount at which they
are stated, if realized in the ordinary course of business and
provision for all known liabilities have been adequately made in the
accounts. Note 27:The Deferred Tax asset arising due to brought
forward losses has not been recognized in view of uncertainty as
recommended under Accounting Standard ''22'' (AS-22) on Deferred Taxation
issued by the Institute of Chartered Accountants of India.
Note 7: Disclosure in respect of loan/advances & investment in its own
shares by the company, its subsidiary, associates etc. (as required
under clause 32 of listing agreement):-
Note 8: Additional particulars as required in terms of paragraph 9BB
of Non Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
Mar 31, 2012
1. Previous year's figures have been regrouped and/or rearranged
wherever considered necessary.
2. Company has been Registered as Non Banking Finance Company with
RBI vide Registration No.13.00625 dated 07.04.1998.
3. In the opinion of the management, the current assets, loans and
advances are expected to realize at least the amount at which they are
stated, if realized in the ordinary course of business and provision
for all known liabilities have been adequately made in the accounts.
4. The Deferred Tax asset arising due to brought forward losses has
not been recognized in view of uncertainty as recommended under
Accounting Standard '22' (AS-22) on Deferred Taxation issued by the
Institute of Chartered Accountants of India.
Mar 31, 2011
1. Amount due to Micro small & Medium Enterprises development (MSMED)
is Nil (Previous year is Nil) No Amount was due to any small sector
unit.
2. In the opinion of the ,Management the diminution in the value of
long term investment is temporary in nature and hence provision for the
same is not considered necessary.
3.Current Liabilities include due to Director /Ex Director Rs.58.000
(Previous Year Rs.33.933).
4. Previous year's figures have been regrouped and/or rearranged
wherever considered necessary.
5. Company has been Registered as Non Banking Finance Company with RBI
vide Registration No. 13.00625 dated 07.04.1998.
6. In the opinion of the management, the current assets, loans and
advances are expected to realize at least the amount at which they are
stated if reaped in "he ordinary course of business and provision for
all known liabilities have Seen adequately made in the accounts.
7. The Deferred Tax Acer arising due to brought forward losses had not
been recognized in view of uncertainty as recommended under accounting
standard 22" on Deferred Taxation issued by the institute of chartered
Accountants of India.
8. Disclosure in respect of loan advances & investment in its own
shares by the company its subsidiary associates etc. (as required under
clause 32 of listing agreement):-
9. Additional particulars as required in terms of paragraph 9 BB of
non Banking Financial companies Prudential Norms (Reserve Bank)
Directions, 1988
10. Borrower group-wise classification of all leased assets stock on
hire and loans and advances:
11. Investor group wise classification of all investments (Current and
long term) in shares and securities (both quoted and unquoted).
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