Mar 31, 2014
1. Corporate Information
GDL Leasing and Finance Limited is a public company domiciled in India
and incorporated under the Companies Act, 1956. The company is a
non-deposit accepting non banking finance company or NBFC-ND-SI
registered with Reserve Bank of India (RBI). The company is engaged in
the business of financing of Loans, Sales and Purchase of Shares and
Stock.
2. Basis of Preparation
The financial statement of the company has been prepared in accordance
with Generally Accepted Accounting Principles in India (Indian GAAP).
The company has prepared these financial statement to comply in all
material respects with the accounting standards notified under the
Companies (Accounting Standards) Rules, 2006, (as amended) and the
relevant provisions of the Companies Act, 1956. The financial statement
has been prepared on an accrual basis and under historical cost
convention
The company follows the prudential norms issued by the Reserve Bank of
India for Assets classification, Income recognition and provisioning
for non-performing assets. Besides additional amount is written/off
provided for when the management, on a review, considers it necessary.
Mar 31, 2013
1. Additional Information Pursuant to the provisions of paragraph 3 &
4 of part II schedule VI of the Companies Act, 1956.
a) Expenditure of employees who were in receipt of remuneration of not
less than Rs. 60,00,000/- p.a. or Rs. 5,00,000/- p.m. when employed
for the part of the year: Nil (Prev. Year-Nil).
b) Capacity and production consumption of raw material-N.A.
2. Loans Granted by the company are secured/ partly secured by:
a. Pledge of shares & other securities.
b. Personnel Guarantee
Interest has been charged from all the parties at different rates to
whom Loans have been made.
3. Balance of Debtors, Creditors and parties to whom loans and
advances have given, are subject to confirmation.
4. Previous year figures have been regrouped or rearranged wherever
necessary. Figures shown in the Bracket shows the opposite of given
account.
5. Note 1 to 17 form an integral part of the balance sheet and the
Profit & Loss account have been duly authenticated.
Mar 31, 2010
Current Year Previous Year.
1. Contingent Liabilities.
2. Transaction in which Directors are Interested: NIL
3. Loans Granted by the company are secured/ partly secured by:
a. Pledge of shares & other securities.
b. Personnel Guarantee
Interest has been charged from all the parties at different rates to
whom Loans have been made.
4. Balance of Debtors, Creditors and parties to whom loans and advances
have given, are subject to confirmation.
5. Previous year figures have been regrouped or rearranged wherever
necessary. Figures shown in the Bracket shows the opposite of given
account.
6. Schedule I to 8 from an integral part of the balance sheet and the
Profit & Loss account have been duly authenticated B.
Mar 31, 2009
Current Year Previous Year
1 Contingent Liabilities.
2 Transaciion in which directors are interested: NIL
Rent paid tor office premises to
Mr. Deepak Gangwani S/O Sh. Gopi
Chand Gangwam.
Current Year Previous Year
Rs. 96000/- 84000/-
3. Additional Information Pursuant to the provisions of paragraph 3 &
-I of part II schedule VI of the Companies Act. 1956
a) Expenditure of employees who were in receipt of remuneration of not
less than Rs. 24.00.000/- p.a. or. Rs. 2-00-000/- p.m. when Ã
employed for the part of the year: Nil (Prev. Year Nil).
b) Capacity and production consumption of raw material-N.A.
4. Loans Granted bv the conipaio are secured/ partly secured by:
a. Pledge of shares & either securities.
b. Personnel Guarantee Interest has been charged front all the parties
at different rates to whom Loans have been made.
5. Balance of Debtors. Creditors and parties to whom loans and
advances, have given are subject to confirmation.
6. Previous year figures have been regrouped or rearranged wherever
necessary. Figures shown in the Bracket shows the opposite of given
account.
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