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Notes to Accounts of Indergiri Finance Ltd.

Mar 31, 2014

1. Terms/Rights attached to equity shares

The company has only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31st March 2014, the amount of per share dividend recognized as distributions to equity shareholders was Rs. Nil (31st March 2013 Rs. Nil) In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. The distribution will be proportional to the number of equity shares held by the shareholders.

2. Segment Information (AS - 17)

The primary reporting of the company has been performed on the basis of business segment. The company is engaged into three business segments, providing financial services, investment (Finance & Investment) and trading in shares (Trading in Shares). Segments have been identified and reported based on the nature of the products, the risks and returns, the organisation structure and the internal financial reporting systems.

Segment revenue and result

The expenses that are not directly attributable and that cannot be allocated to a business segment on a reasonable basis are shown as unallocated corporate expenses.

Segment assets and liabilities

Segment assets include all operating assets used by the business segment and consist principally of fixed assets, investments and current assets. Segment liabilities comprise of loan funds which can be identified directly against the respective segments and includes segment current liabilities and provisions. Assets and liabilities that have not been allocated between segments are shown as part of unallocated corporate assets and liabilities respectively.

3. The Company was not required to provide any loss on impairment of assets during the year as per the recommendations of Accounting Standard - 28 Impairment of Assets, issued by the Institute of Chartered Accountants of India.

4. Details of dues to Micro and Small Enterprises as defined under the MSMED Act, 2006

Based on the intimation received by the Company, none of the suppliers have confirmed to be registered under "The Micro, Small and Medium Enterprises Development (''MSMED'') Act, 2006". Accordingly, no disclosures relating to amounts unpaid as at the year end together with interest paid /payable are required to be furnished.

5. Previous year figures

The previous year figures have been regrouped and reclassified wherever necessary to make them comparable with the current year figures

6. In the opinion of the Board, the Current Assets, Loans & Advances are realizable in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.


Mar 31, 2013

1 Segment reporting

The primary reporting of the company has been performed on the basis of business segment. The company is organised into two business segments, providing financial services & investment (Finance & Investment) and trading in shares (Trading in Shares). Segments have been identified and reported based on the nature of the products, the risks and returns, the organisation structure and the internal financial reporting systems.

2. Related Party Disclosures

Name of related parties and related party relationship:

a) Related parties where control

Holding Company Nil

b) Key Management Personnel :

L.N.Sharma Managing Director

C) Fellow Subsidiary Companies Nil

d) Fellow Step Down Subsidiary Nil

e) Other Related Parties (in which either of the directors or their relatives have significant influence) Indergiri Securities Pvt Ltd

Indergiri Share & Stock Brokers Pvt Ltd Manoo Finance And Investment Pvt Ltd Pranoo Financial Services Pvt Ltd Bagra Financial Services Pvt Ltd Kaizen Finance Pvt Ltd

f) Related parties with whom transaction have taken place during the year

3. The Company provided loss on impairment of assets during the year as per the recommendations of Accounting Standard - 28 Impairment of Assets, issued by the Institute of Chartered Accountants of India.

4. Details of dues to Micro and Small Enterprises as defined under the MSMED Act, 2006

Based on the intimation received by the Company, none of the suppliers have confirmed to be registered under "The Micro, Small and Medium Enterprises Development (''MSMED'') Act, 2006". Accordingly, no disclosures relating to amounts unpaid as at the year end together with interest paid /payable are required to be furnished

5. Previous year figures

Till the year ended 31 March 2012, the company was using pre-revised Schedule VI to the Companies Act, 1956, for preparation and presentation of its financial statements. During the year ended 31 March, 2013 the revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company. the company has reclassified previous year figures to conform to this year''s classification. Except accounting for dividend on investments in subsidiaries, the adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements'', particularly presentation of balance sheet.

6. In the opinion of the Board, the Current Assets, Loans & Advances are realizable in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.


Mar 31, 2012

1.1 Terms/Rights attached to equity shares:

The company has only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31st March 2012, the amount of per share dividend recognized as distributions to equity shareholders was Rs. Nil(31stMarch2011 Rs. Nil)

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. The distribution will be proportional to the number of equity shares held by the shareholders.

As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

Segment revenue and result

The expenses that are not directly attributable and that cannot be allocated to a business segment on a reasonable basis are shown as unallocated corporate expenses.

Segment assets and liabilities

Segment assets include all operating assets used by the business segment and consist principal ly of fixed assets, investments and current assets. Segment liabilities comprise of loan funds which can be identified directly against the respective segments and includes segment current liabilities and provisions. Assets and liabilities that have not been allocated between segments are shown as part of unallocated corporate assets and liabilities respectively.

2. Related Party Disclosures (AS -18)

Name of related parties and related party relationship:

a) Related parties where control exists:

Holding Company Nil

b) Key Management Personnel:

L.N.Sharma Managing Director

c) Fellow Subsidiary Companies: Nil

d) Fellow Step Down Subsidiary Nil

e) Other Related Parties (in which either of the directors or their relatives have significant influence)

Indergiri Securities Pvt Ltd

Indergiri Share & Stock Brokers Pvt Ltd Manoo Finance And Investment Pvt Ltd Pranoo Financial Services Pvt Ltd Bagra Financial Services Pvt Ltd Kaizen Finance Pvt Ltd

3. The Company provided loss on impairment of assets during the year as per the recommendations of Accounting Standard -28 Impairment of Assets, issued by the Institute of Chartered Accountants of India.

4. Details of dues to Micro and Small Enterprises as defined under the MSMED Act, 2006 Based on the intimation received by the Company, none of the suppliers have confirmed to be registered under "The Micro, Small and Medium Enterprises Development ("MSMED") Act, 2006". Accordingly, no disclosures relating to amounts unpaid as at the year end together with interest paid /payable are required to be furnished.

5. Previous year figures

Till the year ended 31 March 2011, the company was using pre-revised Schedule Vi to the Companies Act, 1956, for preparation and presentation of its financial statements. During the year ended 31 March, 2012 the revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company, the company has reclassified previous year figures to conform to this year's classification. Except accounting for dividend on investments in subsidiaries, the adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of Balance Sheet.

6. In the opinion of the Board, the Current Assets, Loans & Advances are realizable in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.


Mar 31, 2010

1. Balances of Sundry Debtors, Sundry Creditors and Loan and Advances are subject to confirmation,

2. No depreciation is required to be provided since appropriate depreciation as required pursuant to the Companies Act, 1956 has already been provided during the earlier years.

3. Additional information as required under part II of Schedule VI of the Companies Act, 1956 has been given to the extent applicable to the Company.

4. Additional information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is annexed at Annexure I.

5. As the Company is engaged only in one line of business i.e. investment and financing, no separate reportable segment is identifiable as required by AS-17 on segment reporting.

6. Related parties disclosures:

(i) List of Related parties:

S.N. Name of the Related Party Relationship

1 Indergiri Securities Pvt. Ltd. Associate

2 Indergiri Share & Stock Brokers Pvt. Ltd. Associate

3 B.P.Rauka Director

4 Kishan Sharma Director

5 DilipArora Director

6 Laxmi Narayan Sharma Managing Director

7 Manoo Finance & Inv. Pvt. Ltd. Associate

8 Pranoo Financial Services Pvt. Ltd. Associate

9 Kaizen Finance Pvt. Ltd. Associate

10 Bagra Financial Services Pvt. Ltd. Associate

11 Vaibhav Transport Pvt. Ltd. Associate



7. Earning per share is 0.32 for the year 2009-10 and 0.07 for the year 2008-09, and has been calculated as per AS 20 issued by ICAI on the basis of number of Equity Shares issued which has. been adjusted to the paid up amount and profit/(loss) for the year. There is no dilution in Earning Per Share as no fresh issue of Equity or potential Equity was made during the current year.

8. Sundry Creditors includes Rs. Nil dues to the Small Scale Industrial Undertaking to whom an amount in excess of Rs. 1.00 lac each is payable and outstanding for more than 30 days. The above information regarding small scale industrial undertaking has been determined to the extent such parties have been identified on the basis of the information available to the Company.

9. Sundry Creditors includes Rs. Nil dues to Micro, Small and Medium Enterprises Development Act, 2006 (MSMED). The above information regarding MSMED has been determined to the extent such parties have been identified on the basis of the information available to the Company.

10. Estimated amount of contracts remaining to be executed on capital account Rs. NIL (Previous Year Rs.8lacs)

11. Figures given in the brackets are for the previous year.