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Notes to Accounts of Geetanjali Credit and Capital Ltd.

Mar 31, 2015

1. Related Party Disclosures:-

During the year, there are no transactions entered in to by the Company with the related parties as prescribed by Accounting Standard -18

2. Addition information as required under Part II of the Schedule VI of the Companies Act, 1956:-

A. CIF Value of Imports during the period: Nil ( P.Y. Nil)

B. Expenditure in Foreign Currency: Nil ( P.Y. Nil)

C. Amount Remitted in Foreign Exchange: Nil ( P.Y. Nil)

D. Earning in Foreign Exchange: Nil ( P.Y. Nil)

3. Claims against the Company not acknowledged as Debts: Nil ( P.Y. Nil)

4. Contingent liability not provided for - Income tax Demand Rs. 99.96 lacs ( PY Rs. 99.96 Lacs)

5. In the opinion of the Board of Directors, the aggregate value of loans and advances on realisation in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

6. The Debit and Credit balances are subject to the confirmation from respective parties.

7. Audit Fee Payable for the current year Rs 29,500.00 ( P.Y Rs 29,500.00)

8. Previous year's figures have been regrouped /re-arranged wherever necessary


Mar 31, 2014

1. Earnings Per Share:-

The Company reports basic and diluted earnings per share in accordance with Accounting Standard issued by the Institute of Chartered Accountant of India. Basic earnings per share are computed earnings per share are computed by dividing the net profit for the year by the Weighted Average Number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the net profit for the year by weighted average number of equity shares outstanding during the year as adjusted for the effects of all dilutive potential equity shares except where results are anti-dilutive. The earnings per share of the Company is as under:-

2. Related Party Disclosures:-

During the year, there are no significant transactions entered in to by the Company with the related parties as prescribed by Accounting Standard -18

3. Addition information as required under Part II of the Schedule VI of the Companies Act, 1956:-

A. CIF Value of Imports during the period NIL ( PY NIL)

B. Expenditure in Foreign Currency NIL (PY NIL)

C. Amount Remitted in Foreign Exchange NIL (PY NIL)

D. Earning in Foreign Exchange NIL (PY NIL)

4. Claims against the Company not acknowledged as Debts NIL (P.Y NIL)

5. Contingent liability not provided for - Income tax Demand Rs. 99.96 lacs ( PY Rs. 99.96 Lacs)

6. In the opinion of the Board of Directors, the aggregate value of loans and advances on realization in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

7. The Debit and Credit balances are subject to the confirmation from respective parties.

8. Audit Fee Payable for the current year Rs. 29,500.00 ( PY Rs. 29,500.00)

9. Previous year's figures have been regrouped / re-arranged wherever necessary.


Mar 31, 2013

1. Related Party Disclosures:-

During the year, there are no significant transactions entered in to by the Company with the related parties as prescribed by Accounting Standard -18

2. Addition information as required under Part II of the Schedule VI of the Companies Act, 1956:-

A. CIF Value of Imports during the period NIL ( PY NIL)

B. Expenditure in Foreign Currency NIL (PY NIL)

C. Amount Remitted in Foreign Exchange NIL (PY NIL)

D. Earning in Foreign Exchange NIL (PY NIL)

3. Claims against the Company not acknowledged as Debts NIL ( P.Y NIL)

4. Contingent liability not provided for - Income tax Demand Rs. 99.96 lacs ( PY Rs. 99.96 Lacs)

5. In the opinion of the Board of Directors, the aggregate value of loans and advances on realisation in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

6. The Debit and Credit balances are subject to the confirmation from respective parties.

7. The Company has not complied with the provisions of Sectgion 383 A of the Companies Act, 1956 relating to the employment of a full time Company Secretary. The efforts of the Company including advertisement in journals have not resulted in any positive results so far.

8. The Company had not paid the Listing Fee for the year in stock exchanges where the Company is listed.

9. Audit Fee Payable for the current year Rs. 29,500.00 ( PY Rs. 5618.00)

10. Previous year's figures have been regrouped /re-arranged wherever necessary.


Mar 31, 2012

1. Claims against the company not acknowledged as debts NIL (Prev.Year :NIL).

2. Contingent liabilities not provided for - Income tax Demand Rs.99.96 lacs (Prev.year: Rs.99.96 lacs)

3. Estimated amount of contracts remaining to be executed NIL (Prev.Year:NIL).

4. In the opinion of the Board of Directors, the aggregate value of loans and advances on realization in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

5. The Debit and Credit balances are subject to the confirmation from respective parties.

6. The company has not complied with the provision of section 383 A of the Companies Act, 1956 relating to the employment of a full time company secretary. The efforts of the company including advertisement in journals have not resulted in any positive result so far.

7. AS-20:EARNING PER SHARE

The basic EPS is Rs.(0.53) per share for the year ending 31.03.2012 and Rs.(311.69) per share for the ending 31.03.2011.

8. PARTICULARS OF PAYMENT MADE TO AUDITORS

Current Year Previous year

Audit Fee 5618/- 5 515/-

9. AS-18 RELATED PARTY DISCLOSURES

During the year there are no significant transactions entered in to by the company with the related parties as prescribed by Accounting Standard 18.

10. Addition information as required under Part II of the Schedule VI of the Companies Act, 1956.

A) CIF Value of Imports during the period NIL(Prev.Year NIL)

B) Expenditure in Foreign Currency NIL(Prev.year.NIL)

C) Value of Imported Raw Material consumed and % thereof NIL(Prev.year.NIL)

D) Amount Remitted in Foreign Exchange NIL(Prev.year.NIL)

E) Earning in Foreign Exchange NIL(Prev.year.NIL)

Additional information as required under para III & IV of Part II of Schedule VI of the Companies ACT, 1956 is an under the extent applicable.

11. Previous year's figures have been regrouped and rearranged wherever considered necessary to make them comparable with current year's figures.


Mar 31, 2011

1. Claims against the company not acknowledged as debts NIL (Prev.Year :NIL).

2. Contingent liabilities not provided for NIL (Prev.year:NIL)

3. Estimated amount of contracts remaining to be executed NIL (Prev.Year:NIL).

4. In the opinion of the Board of Directors, the aggregate value of loans and advances on realization in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

5. The Debit and Credit balances are subject to the confirmation from respective parties.

6. The company has not complied with the provision of section 383 A of the Companies Act, 1956 relating to the employment of a full time company secretary. The efforts of the company including advertisement in journals have not resulted in any positive result so far.

7. AS-20:EARNING PER SHARE

The basic EPS is Rs.(4.99) per share for the year ending 31.03.2011 and Rs.(0.008) per share for the ending 31.03.2010.

8. PARTICULARS OF PAYMENT MADE TO AUDITORS

9. AS-18 RELATED PARTY DISCLOSURES

During the year there are no significant transactions entered in to by the company with the related parties as prescribed by Accounting Standard 18.

10. In terms of Accounting Standard-22 "Accounting for Taxes on Income" the company has determined the Deferred Tax Assets / (Liability) as follows :

11. Addition information as required under Part II of the Schedule VI of the Companies Act, 1956.

A) CIF Value of Imports during the period NIL(Prev.Year NIL)

B) Expenditure in Foreign Currency NIL(Prev.year.NIL)

C) Value of Imported Raw Material NIL(Prev.year.NIL) consumed and % thereof

D) Amount Remitted in Foreign Exchange NIL(Prev.year.NIL)

E) Earning in Foreign Exchange NIL(Prev.year.NIL)

Additional information as required under para III & IV of Part II of Schedule VI of the Companies ACT, 1956 is an under the extent applicable.

F) Break up value of expenditure incurred on employees who:

i) If employed for one or more than one full year were in NIL Receipt of remuneration which, in aggregate was not Less than Rs.24,00,000/-

ii) If employed for a part of the year were in receipt of NIL Remuneration which, for any month of that year was not less than Rs,2,00,000/-

12. Previous year's figures have been regrouped and rearranged wherever considered necessary to make them comparable with current year's figures.

 
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