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Notes to Accounts of Focus Industrial Resources Ltd.

Mar 31, 2015

1. SEGMENT REPORTING:

(a) As per Company's business activities falls within single segment viz loans & investments the disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India & the geographical is in India.

2. 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 Comapnies Act,2013.

3. 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. Pradeep Kumar Jindal Chairman cum Managing Director

Mr. Ashok Kumar Gupta Director

Ms. Madhvi Bhatnagar Director

Mr. Santanu Kumar Dash Director

Ms. Silky Kapoor Company Secretary

Mr. Punit Seth Chief Financial Officer

b) Related party transactions:

As per the information available it seems that there were no related party transactions.

4.Forward-looking statement In this Annual Report we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, may contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.


Mar 31, 2014

1. BACKGROUND:

Focus industrial Resources Limited (''the Company'') is registered as a Non- Banking Financial Company (''NBFC'') AS defined under section 45-IA of theReserve Bank of India Act, 1934. The company is principally engaged inlending 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 SEGMENT REPORTING :

(a) As per company''s business activities falls within single segment viz loans & investments the disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India & the geographical is in India.

4 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.


Mar 31, 2013

1. Background:

Focus industrial Resources Limited (''the Company'') is registered as a Non- Banking Financial Company (''NBFC) AS defined under section 45-1A of the Reserve Bank of India Act, 1934. 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 SEGMENT REPORTING:

(a) As per company''s business activities falls within single segment viz loans & investments the disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India & the geographical is in India.

4 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.

5 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. Pradeep Kumar Jindal Chairman cum Managing Director

Mr. Ashok Kumar Gupta Director

Ms. Madhvi Bhatnagar Director

Mr. Santanu Kumar Dash Director

Ms. Silky Kapoor Company Secretary

b) Related party transactions:

As per the information available it seems that there were no related party transactions.


Mar 31, 2011

1.01 CONTINGENT LIABILITIES NOT PROVIDED FOR: NIL

1.02 DIRECTORS REMUNERATION NIL

1.03 In the opinion of the management the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and are neither in excess nor in short of the amount reasonably necessary.

1.04 A. RELATED PARTY DISCLOSURE:

Details of disclosures as required by "Accounting Standard (AS) -18 on Related Party Disclosures" are as under:-

a) Names of related parties and description of relationship:

Key Management Personnel

P. K. Jindal Chairman cum Managing Director

S.K. Dash Director

Madhvi Bhatnagar Director

b) Related Party Transactions:

As per the information available it seems that there were no related party transactions.

1.05 Earnings per share:

The calculation of Earning per Share (EPS) as disclosed in the Balance Sheet - abstract has been made in accordance with the Accounting Standard (AS) - 20 earning per Share.

1.06 Balance in various accounts included in sundry debtors, creditors and loans and advances are subject to confirmation from respective parties.

1.07 Share Capital

Paid up Share Capital 38,34,733 Equity shares of Rs. 10/- each were allotted as fully paid up for consideration other than cash to transferor companies as per scheme of Amalgamation approved by Hon''ble High Court of Delhi.

1.08 Previous year''s figures have been re-grouped or re-arranged wherever necessary to make them comparable.

1.09 As per the company''s business activities falls within single segment viz Loans & Investments the disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

1.10 There is no dues due to small scale Industrial undertaking which are required to be disclosed as per schedule VI to the Companies Act, 1956.

1.11 The figures have been rounded off to the nearest rupee.

1.12 The Schedules A to R referred to in Balance Sheet and Profit and Loss Account form an integral part of the accounts.

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