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Notes to Accounts of Haryana Capfin Ltd.

Mar 31, 2015

Year Ended Year Ended 31.03.2015 31.03.2014 (Rs) (Rs.)

1. CONTINGENT PROVISION AGAINST STANDARD ASSETS

Opening Balance 126,420 77,000

Add During the Year 40,260 49,420

Closing Balance 166,680 126,420

The Reserve Bank of India has notified vide its Notification No DNBS.222/CGM(US)-2011dated 17th January, 2011 to make a provision on 0.25% on the standard assets.

2. RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD - 18

Related Parties with whom Transaction have taken place during the Year

a. Associate Company

Maharashtra Seamless Limited

Sudha Apparels Limited

Global Jindal Fin-invest Limited

Stable Trading Co. Limited

b. Key Managerial Personnel

Ms. Shruti Raghav Jindal, Wholetime Director from 1.07.2014

Mr. Sudhir Kumar Singhal up to 30.06.2014

Ms. Dipika Gupta, CFO

Mr. Tarun Dua, C.S.

3. SEGMENT REPORTING

The Company is primarily engaged in Investment in shares and securities and financing which are not separate reportable segment as per Accounting Standard - 17 of The Institute of Chartered Accountants of India. Hence there is no separate segment-wise report to be furnished.

4. RESERVE BANK OF INDIA REGISTERED NON BANKING FINANCE COMPANY

The company is registerd as Non Banking Finance Company with Reserve Bank of India vide Registration no. 13.02048 dated 15.07.2013 and has been complying with prudential norms as prescribed by RBI for NBFC.

Schedule to the Balance Sheet of a non-deposit taking non-banking financial company as required in terms of paragraph 13 of Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve bank) Directions, 2015 separately attached as Annexure - I.

5. Previous years figures have been regrouped / rearranged wherever necessary to conform to the reclassification as per Revised - Schedule-VI and make them comparable with current year.

Signatures to Accompanying Notes forming an integral part of the Financial Statements.


Mar 31, 2014

1 RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD - 18 Related Parties with whom Transaction have taken place during the Year

a. Associated Companies

Maharashtra Seamless Limited Sudha Apparels Limited Global Jindal Fin-invest Limited Stable Trading Co. Limited

b. Key Managerial Personnel

Shri Sudhir Kumar Singhal

2 SEGMENT REPORTING

The Company is primarily engaged in Investment in shares and securities and financing which are not separate reportable segment as per Accounting Standard - 17 of The Institute of Chartered Accountants of India. Hence there is no separate segment-wise report to be furnished.

3 RESERVE BANK OF INDIA REGISTERED NON BANKING FINANCE COMPANY

The company is registerd as Non Banking Finance Company with Reserve Bank of India vide Registration no. N-14.03168 dated 12.11.2008 and has been complying with prudential norms as prescribed by RBI for NBFCs. Schedule to the Balance Sheet of a non-deposit taking non-banking financial company as required in terms of paragraph 13 of Non-Deposit Accepting or Holding Companies Prudential Norms (Reserve bank) Directions, 2007 separately attached as Annexure - I.

4 Previous years figures have been regrouped / rearranged wherever necessary to conform to the reclassification as per Revised -Schedule-VI and make them comparable with current year.

Signatures to Accompanying Notes forming an integral part of the Financial Statements.


Mar 31, 2013

1 RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD -18

Related Parties with whom Transaction have taken place during the Year

a. Associated Companies

Maharashtra Seamless Limited Sudha Apparels Limited Global Jindal Fin-invest Limited Stable Trading Co. Limited

b. Key Managerial Personnel

Shri Sudhir Kumar Singhal

2 SEGMENT REPORTING

The Company is primarily engaged in Investment in shares and securities and financing which are not separate reportable segment as per Accounting Standard - 17 of The Institute of Chartered Accountants of India. Hence there is no separate segment-wise report to be furnished.

3 During the year Company Registered Office has been shiffted from State of Haryana to State of Maharashtra.

4 RESERVE BANK OF INDIA REGISTERED NON BANKING FINANCE COMPANY

The company is registerd as Non Banking Finance Company with Reserve Bank of India vide Registration no. N- 14.03168 dated 12.11.2008 and has been complying with prudential norms as prescribed by RBI for NBFCs. Schedule to the Balance Sheet of a non-deposit taking non-banking financial company as required in terms of paragraph 13 of Non-Deposit Accepting or Holding Companies Prudential Norms (Reserve bank) Directions, 2007 separately attached as Annexure -1.

5 Previous years figures have been regrouped / rearranged wherever necessary to conform to the reclassification as per Revised -Schedule-VI and make them comparable with current year.

Signatures to Accompanying Notes forming an integral part of the Financial Statements.


Mar 31, 2012

YEAR ENDED YEAR ENDED 31.03.2012 31.03.2011 (Rs.) (Rs.)

1 CONTINGENT LIABILITIES

Income tax demand disputed with Appellate Authority for the Assessment Year 2008-09 29,900 -

Less - Amount already paid 29,900 -

- -

2 RELATED PARTY DISCLOSURE AS PER ACCOUNTING STANDARD - 18

Related Parties with whom Transaction have taken place during the Year

a. Associated Companies Maharashtra Seamless Limited Sudha Apparels Limited Global Jindal Fin-invest Limited

b. Key Managerial Personnel

Shri Sudhir Kumar Singhal

3 SEGMENT REPORTING

The company is primarily engaged in Investment in shares and securities and financing which are not separate reportable segment as per Accounting Standard - 17 of The Institute of Chartered Accountants of India. Hence there is no separate segment-wise report to be furnished.

4 RESERVE BANK OF INDIA REGISTERED NON BANKING FINANCE COMPANY

The company is registerd as Non Banking Finance Company with Reserve Bank of India vide Registration no. N-14.03168 dated 12.11.2008 and has been complying with prudential norms as prescribed by RBI for NBFC.

Schedule to the Balance Sheet of a non-deposit taking non-banking financial company as required in terms of paragraph 13 of Non-Deposit Accepting or Holding Companies Prudential Norms (Reserve bank) Directions, 2007 separately attached as Annexure - I.

5 Previous years figures have been regrouped / rearranged where ever necessary to conform to the reclassification as per Revised - Schedule-VI and make them comparable with current year.


Mar 31, 2010

1. Contingent Liability :

Income Tax demand (disputed in appeals) for the A.Y. 2006-07 amount Rs.31,990/- (Previous year Rs. 10,747/-).

2. Amount due to Micro Small & Medium Enterprises Suppliers (MSMES) is Nil (Previous year Nil). No amount was due to any small sector unit.

3. In the opinion of the management and to the best of their knowledge and belief, the value of current assets, loans and advances, if realised in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet.

4. Amount due for deposit in Investor Education & Protection Fund as on 31.03.2010 is Nil (Previous Year Nil).

5. Employees benefits provided to employees has been classified as under:

The two plans of the Company namely for Gratuity and Leave Encashment are unfunded. Any amount paid and provided for gratuity and leave encashment are adjusted to profit & loss account. Liability is ascertained at the end of each financial year and the increase / decrease in the amount of liability is adjusted in the profit & loss account. Liability of Gratuity payable to an employee is equal to 15 days salary based on the last drawn salary for every completed year of service or part thereof in excess of six months. Salary for a day is calculated by dividing the salary last drawn by 26 (being the number of working days in a month). During the year Rs. 40,038/- (Previous Year Rs. 23,519/-) has been adjusted to the profit and loss account on account of variation in liability for Gratuity at year end. No amount was paid as Gratuity during the year. Liability of Leave Encashment payable to an employee is equal to salary for earned leaves to the credit of employee based on the salary last drawn. Salary for a day is calculated by dividing the salary last drawn by 26 (being the number of working days in a month). During the year Rs. 11,737/- (Previous Year Nil) was paid as leave encashment to the employee and Rs. 5,169/- (Previous Year Rs. 8,836/-) has been adjusted to the profit and loss account on account of variation in liability for leave encashment at year end.

6. The Company is registered as Non Banking Financial Company with the Reserve Bank of India vide Registration no. N-14.03168 dated 12.11.2008 and has been complying with prudential norms as prescribed by RBI for NBFC.

7. The necessary formalities in respect of change of name / mutation of land of casinvest division of Jindal Drilling & Industries Limited in favour of Haryana Capfin Limited pending in the Revenue records of Land Authorities, is under progress. However, the legal rights of these properties vest in Haryana Capfin Limited as per approved scheme of arrangement by operation of Statute viz. Sections 391 to 392 of the Companies Act, 1956.

8. Other additional Information pursuant to part IV of Schedule VI to the Companies Act, 1956 - Nil (Previous year Nil)

9. Figures have been rounded off to the nearest rupees.

10. Previous years figures have been re-grouped / re-arranged wherever considered necessary.