Mar 31, 2015
1. The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segement as per accounting
standard 17 (Segment Reporting) issued by the Institute of Chartered
Accountants of India.
2. Related Party Disclosures :
A. Related Parties
a. Key Management Personnel :
Mr. J Ashok Galada, Managing Director
Mr.Naveen Galada , Director
Ms.Alpa Jain, Company Secretary
Mrs. K.R.Manimeghala, Chief Financial Officer
3. In accordance with the Accounting Standard 22(Accounting for taxes on
income) issued by the Institute of Chartered Accountants of India,the
deferred tax liability/ assets as the case may be as at 31st March,2015
has been changed to/reversed back in the Profit & Loss Account. In
Current year provision has been made on account of timing difference of
depreciation on Assets.
Mar 31, 2014
1. The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segment as per accounting
standard 17 (Segment Reporting) issued by the Institute of Chartered
Accountants of India.
2. In accordance with the Accounting Standard 22(Accounting for taxes
on income) issued by the Institute of Chartered Accountants of
India,the deferred tax liability/ assets as the case may be as at 31st
March,2014 has been changed to/reversed back in the Profit & Loss
Account. In Current year provision has been made on account of timing
difference of depreciation on Assets.
3. "The Revised Schedule VI has become effective from 1 April, 2011
for the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped / reclassified
wherever necessary to correspond with the current year''s classification
/ disclosure."
Mar 31, 2013
Note 1
The number of shares outstanding at the beginning and at the end of the
reporting period are the same.
2. The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segment as per accounting
standard 17 (Segment Reporting) issued by the Institute of Chartered
Accountants of India.
3. Transaction with Related Parties:
In accordance with the Accounting Standard 22(Accounting for taxes on
income) issued by the Institute of Chartered Accountants of India,the
deferred tax liability/ assets as the case may be as at 31st March,
2013 has been changed to/reversed back in the Profit & Loss Account. In
Current year liability has been reversed back on account of timing
difference of depreciation on Assets.
The Revised Schedule VI has become effective from 1 April, 2011 for the
preparation of financial statements. This has significantly impacted
the disclosure and presentation made in the financial statements.
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Previous year''s figures have been re-grouped wherever found necessary.
Mar 31, 2012
1. SHARE CAPITAL
The number of shares outstanding at the beginning and at the end of the
reporting period are the same.
2. The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segment as per accounting
standard 17 (Segment Reporting) issued by the Institute of Chartered
Accountants of India.
3. Related Party Disclosures :
A Related Parties
a. Key Management Personnel:
Mr.Ashok Galada, Managing Director
Mr.Naveen Galada , Executive Director
4. In accordance with the Accounting Standard 22(Accounting for taxes
income) issued by the Institute of Chartered Accountants of India, the
deferred tax liability/ assets as the case may be as at 31st March,
2012 has been charged to/reversed back in the Profit & Loss Account. In
Current year liability has been reversed back on account of timing
difference of depreciation on Assets.
5. Additional information pursuant to para 4c and 4d of part II of
Schedule VI of the Companies Act, 1956 is either NIL or NOT APPLICABLE.
6. Previous year's figures have been re-grouped wherever found
necessary.
Mar 31, 2011
1 The Company is engaged primarily in the business of financing and
accordingly there are no separate reportable segement as per accounting
standard 17 (Segment Reporting) issued by the Institute of Chartered
Accountants of India.
2 Related Party Disclosures :
A Related Parties
a. Kev Management Personnel:
Mr.Ashok Galada, Managing Director Mr.Naveen Galada Executive Director
3 Lease Rental Receivable (Gross) 31.03.2011 31.03.2010
a) Not later than one year NIL NIL
b) Later than one year but not later than five years NIL NIL
c) Later than five year 519,362 519,362
4 In accordance with the Accounting Standard 22(Accounting for taxes on
income) issued by the Institute of Chartered Accountants of India,the
deferred tax liability/ assets as the case may be as at 31st March,2011
has been charged to/reversed back in the Profit & Loss Account In
Current year liability has been reversed back on account of timing .
difference of depreciation on Assets.
5 Additional information pursuant to para 4c and 4d of part II of
Schedule VI of the Companies Act, 1956 is either NIL or NOT APPLICABLE.
6 Previous year''s figures have been re-grouped wherever found
necessary.
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