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Notes to Accounts of IndiaNivesh Ltd.

Mar 31, 2016

1. On the basis of the information available with the Company, there are no suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, information as required by the said Act is not given.

2. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 45I(C) of the Reserve Bank of India Act, 1934.

3. Other additional information''s as per Revised Schedule III part II is either nil or not applicable to the company.

4. Previous year''s figures have been regrouped where necessary to confirm to this year''s classification.


Mar 31, 2015

1. BACKGROUND:

IndiaNivesh Limited was incorporated on 21st December 1931. The company is listed on the BSE and is a registered NBFC. IndiaNivesh Limited is actively involved, as a principal, in acquisition and management of Stressed Assets as well as consultancy services.

2. Contingent Liabilities / Commitment

A) Corporate Guarantee given by Company on behalf of subsidiary companies Rs. 13000.00 Lacs ( Pr.Year 11527.00 Lacs)

However against the bank guarantees, subsidiary companies have made fixed deposits of Rs. 5399.00 Lacs as margin.

B) Income Tax Matters under dispute:

Pending with authorities at various levels Rs. 99.12 Lacs. (Previous year 55.22 Lacs) net of payment.

3. Segmental Reporting

As the Company presently operates predominantly in only under single activity namely investments. As such there is no separate reportable business or geographical segments as per Accounting Standard 17 on "Segmental Reporting".


Mar 31, 2014

1. BACKGROUND:

IndiaNivesh Limited was incorporated on 21st December 1931. The company is listed on the BSE and is a registered NBFC. IndiaNivesh Limited is actively involved, as a principal, in acquisition and management of Stressed Assets as well as consultancy services.

2. Contingent Liabilities

A) Corporate Guarantee given by the Company on behalf of subsidiary companies Rs.11,527.00 Lacs ( P.Y. Rs. 8,827.90 Lacs)

However, against the bank guarantee subsidiary companies have made a fixed deposits of Rs.5523.00 Lacs as margin.

B) Income Tax Matters under dispute:

Pending with authorities at various levels Rs.55.22 Lacs (Previous year Nil) net of payment.

3. Segmental Reporting

As the Company presently operates predominantly in only under single activity namely investments and consultancy. As such there is no separate reportable business or geographical segments as per Accounting Standard 17 on "Segmental Reporting".

4. Related Party Disclosure

As per Accounting Standard 18 (AS-18) "Related Party Disclosures" issued by ICAI, The related parties are as follows:

5. On the basis of the information available with the Company, there are no suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, information as required by the said Act is not given

6. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 45I(C) of the Reserve Bank of India Act, 1934.

7. Other additional information''s as per Revised Schedule VI part II is either nil or not applicable to the company.

8. Previous year''s figures have been regrouped where necessary to confirm to this year''s classification.


Mar 31, 2013

1. BACKGROUND:

India Nivesh Limited was incorporated on 21st December 1931. The company is listed on the BSE and is a registered NBFC. India Nivesh Limited is actively involved, as a principal, in acquisition and management of Stressed Assets as well as consultancy services.

(i) The Company does not have any holding Company / ultimate holding company.

(ii) No ordinary shares have been reserved for issue under option and contracts / commitments for the sale of shares / disinvestment as at the Balance Sheet date.

(iii) 3,39,75,000 ( Nil) shares were allotted as stock split by the Company during the period of 5 years preceding the date as at which the Balance Sheet prepared.

(vi) No securities convertible into Equity / Preference shares issued by the Company during the year.

(v) No calls are unpaid by any Director or Officer of the Company during the year.

Director remuneration paid during the year is not within the limits mentioned in Sec198 of Companies Act 1956 due to inadequate profits, but company is fulfilling the conditions given in Schedule XIII of the Companies Act 1956. So company has paid the remuneration to its directors within the prescribed limits in Schedule XIII of Companies Act 1956.

2. Contingent Liabilities

A) Corporate Guarantee given on behalf India Nivesh Securities Pvt. Ltd., a subsidiary company of India Nivesh Limited :

a ) to HDFC Bank Limited for Rs. 30,27,00,000/- (Previous year Rs. 30,00,00,000),

b) to Oriental Bank of Commerce for Rs.10,00,00,000/- (Previous year Rs. 5,00,00,000 ),

c) to Bank of India for Rs. 10,00,00,000/- (Previous year Rs. 10,00,00,000) and

d) to Punjab National Bank for Rs. 10,00,00,000/- (Previous year Rs. 10,00,00,000)

However against the bank guarantees, India Nivesh Securities Pvt. Ltd. has made fixed deposits of Rs. 25.49 crores as margin.

B) Corporate Guarantee given on behalf India Nivesh Commodities Pvt. Ltd., a subsidiary company of India Nivesh Limited :

a) to HDFC Bank Limited for Rs. 14,98,00,000/- (Previous year Rs. Nil) and

b) to Bank of India for Rs. 10,00,00,000/- (Previous year Rs. Nil )

However against the bank guarantees, India Nivesh Commodities Pvt.Ltd. has made fixed deposits of Rs.12.85 crores as margin.

C) Corporate Guarantee given to IL & FS Trust Company Limited on behalf Siddhi Multi-Trade Pvt.Ltd., a subsidiary company of IndiaNivesh Limited of Rs. 18,00,90,000/- (Previous year Rs. Nil)

3. Segmental Reporting

As the Company presently operates predominantly in only under single activity namely investments and consultancy. As such there is no separate reportable business or geographical segments as per Accounting Standard 17 on "Segmental Reporting".

4. Related Party Disclosure

As per Accounting Standard 18 (AS-18) "Related Party Disclosures" issued by ICAI, The related parties are as follows:

Related Party Disclosures:

(a) Relationship :-

(i) Subsidiaries / Associates Company:

1) Sneh Shares & Securities Pvt. Ltd. - Promoter Company

2) IndiaNivesh Securities Pvt. Ltd. - Subsidiary

3) IndiaNivesh Commodities Pvt. Ltd. - Subsidiary

4) Siddhi Multi-Trade Pvt.Ltd. - Subsidiary

5) IndiaNivesh Investment Advisors Pvt.Ltd.- Subsidiary

6) IndiaNivesh Fund Managers Pvt.Ltd.- Step down Subsidiary

(ii) Key Managerial Personnel:

1) Rajesh Nuwal - Managing Director

(iii) Enterprise having same Key Management Personnel 1) Jupiter Enterprises Limited

5. On the basis of the information available with the Company, there are no suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, information as required by the said Act is not given

6. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 45I(C) of the Reserve Bank of India Act, 1934.

7. Other additional information''s as per Revised Schedule VI part II is either nil or not applicable to the company.

8. Previous year''s figures have been regrouped where necessary to confirm to this year''s classification.

Note 1 to 33 annexed hereto forms part of the Balance Sheet and Statement of Profit and Loss


Mar 31, 2012

1. BACKGROUND:

IndiaNivesh Limited was incorporated on 21st December 1931. The company is listed on the BSE and is a registered NBFC. IndiaNivesh Limited is actively involved, as a principal, in acquisition and management of Stressed Assets as well as consultancy services.

(i) The Company has one class of equity shares having a par value of Rs. 10/-each. Each share holder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to approval of the Shareholder in the ensuing Annual General Meeting (AGM).

(ii) The Company does not have any holding Company / ultimate holding company. .

(iii) No ordinary shares have been reserved for issue under option and contracts / commitments for the sale of shares / disinvestment as at the Balance Sheet date.

(iv) No shares have been allotted or has been bought back by the Company without payment being received in cash during the period of 5 years preceding the date as at which the Balance Sheet prepared.

(v) No securities convertible into Equity / Preference shares issued by the Company during the year.

(vi) No calls are unpaid by any Director or Officer of the Company during the year.

Director remuneration paid during the year is not within the limits mentioned in Sec 198 of Companies Act 1956 due to inadequate profits, but company is fulfilling the conditions given in Schedule XIII of the Companies Act 1956. So company has paid the remuneration to its directors within the prescribed limits in Schedule XIII of Companies Act 1956.

2. Contingent Liabilities

Corporate Guarantee given on behalf IndiaNivesh Securities Pvt.ltd., a subsidiary company of IndiaNivesh Limited:

a) to HDFC Bank Limited for Rs. 30,00,00,000/- (Previous year Rs. 30,00,00,000),

b) to Oriental Bank of Commerce for Rs. 5,00,00,000/- (Previous year Rs. 7,50,00,000),

c) to Bank of India for Rs. 10,00,00,000/- (Previous year Rs. 5,00,00,000) and

d) to Punjab National Bank for Rs. 10,00,00,000/- (Previous year Rs. Nil)

However against the same fixed deposit of Rs. 21.60crore given by IndiaNivesh Securities Pvt.Ltd., as margin.

3. Segmental Reporting

As the Company presently operates predominantly in only under single activity namely investments and consultancy. As such there is no separate reportable business or geographical segments as per Accounting Standard 17 on "Segmental Reporting".

4. Related Party Disclosure

As per Accounting Standard 18 (AS-18) "Related Party Disclosures" issued by ICAI, The related parties are as follows:

Related Party Disclosures:

(a) Relationship :-

(i) Subsidiaries / Associates Company:

1) Sneh Shares & Securities Pvt. Ltd. - Promoter Company

2) IndiaNivesh Securities Pvt. Ltd. - Subsidiary

3) Siddhi Multi-Trade Pvt.Ltd. - Subsidiary

4) IndiaNivesh Investment Advisors Pvt.Ltd.- Subsidiary

5) IndiaNivesh Fund Managers Pvt.Ltd.- Step down Subsidiary

(ii) Key Managerial Personnel:

1) Rajesh Nuwal - Managing Director

Note: Related party relationship is as identified by the Company and relied upon by the Auditors.

5. On the basis of the information available with the Company, there are no suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, information as required by the said Act is not given

6. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 451(C) of the Reserve Bank of India Act, 1934.

7. Other additional information's as per Revised Schedule VI part II is either nil or not applicable to the company.

8. Consequent to the NOTIFICATION NO. S.O. 447(E), DATED 28-2-2011 [AS AMENDED BY NOTIFICATION NO. F.NO. 2/6/2008-CL-V, DATED 30-3-2011] the above financial statements have been presented in accordance with the Revised Schedule VI. As required under the said notification corresponding figures for the previous year have been reclassified and presented in accordance with the current year presentation.

Note 1 to 33 annexed hereto forms part of the Balance Sheet and Statement of Profit and Loss


Mar 31, 2011

1. Contingent Liabilities: - Corporate Guarantee given to HDFC Bank Limited on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited for Rs. 30,00,00,000/- (Previous Rs. 30,00,00,000) , to Oriental Bank of Commerce on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited for Rs. 7,50,00,000/- (Previous Rs. 5,00,00,000 ) and to Bank of India on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited forRs. 5,00,00,000/- (Previous Rs. Nil)

2. Previous year's figures are regrouped/rearranged wherever found necessary.

Director remuneration paid during the yearisnot within the limits mentionedinSec198 of Companies Act 1956 due to inadequate profits, but company is fulfilling the conditions given in Schedule XIII of the Companies Act 1956. So company has paid the remuneration to its directors within the prescribed limits in Schedule XIII of Companies Act 1956.

3. Segmental Reporting: - Segmental reporting: - As the Company presently operates predominantly in only under single activity namely Investments, the reporting under segment information is not applicable.

4. There are no dues owed to Small and Medium undertakings as defined under the Small and Medium Enterprises Development Act,2006.

5. Information required by paragraph 3 and 4 of part II of schedule VI of the Companies Act :

i. Sales, production, material consumed, opening stock, purchases, closing stocks:- Nil (Previous Year: Nil)

ii. CIF value of imports:- Nil (Previous Year: Nil)

iii. Expenditure in foreign currency:- Nil (Previous Year: Rs. Nil)

iv. Earning in foreign currencies:- Nil (Previous Year: Nil)

6. Estimated amount of contracts remaining to be executed on capital accounts: - NIL. (Previous Year: Nil)

7. Disclosures in receipt of derivative instruments:

(i) Derivative instrument outstand in gas at 31st March 2011 – Nil.

(ii) Foreign Currency exposures that are not hedged by derivative instrument as at 31stMarch 2011-Nil

8. Cash flow statement for the year ended 31st March 2011 is given in the statement annexed to these accounts as annexure.

9. Related Party Disclosures: (a) Relationship :- (i) Subsidiaries/Associates Company:

1) Sneh Shares&Securities Pvt. Ltd.– Promoter Company

2) IndiaNivesh Securities Pvt. Ltd. - Subsidiary

3) Siddhi Multi-Trade Pvt. Ltd.-Subsidiary

4) IndiaNivesh Financial Advisors Pvt. Ltd.-Subsidiary

5) IndiaNivesh Investment Advisors Pvt. Ltd.- Subsidiary

6) Luminaire Technologies Limited – Associated Company

(ii) Key Managerial Personnel :

1) Rajesh Nuwal – Managing Director

Note : Related party relationship is as identified by the Company and relied upon by the Auditors.

10. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 45 I (C) of the Reserve Bank of India Act, 1934.


Mar 31, 2010

1. Contingent Liabilities: - Corporate Guarantee given to HDFC Bank Limited on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited for Rs. 25,00,00,000/- (Previous Rs. 5,00,00,000) and to Oriental Bank of Commerce on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited for Rs. 5,00,00,000/- (PreviousRs.Nil)

2. Previous years figures are regrouped / rearranged wherever found necessary.

3. Segmental Reporting: - Segmental reporting: - As the Company presently operates predominantly in only under single activity namely Investments, the reporting under segment information is not applicable.

4. Income Tax assessment is completed up to A.Y. 2007-2008 and there is no further liability in this regard, other than those already disclosed under contingent liability above.

5. There are no dues owed to Micro, Small and Medium undertakings as defined under the Micro, Small and Medium Enterprises Development Act, 1996.

6. Information required by paragraph 3 and 4 of part II of schedule VI of the Companies Act: I. Sales, production, material consumed, opening stock, purchases, closing stocks:- Nil (PreviousYear:Nil)

ii. CIF value of imports:- Nil (Previous Year: Nil)

iii. Expenditure in foreign currency:- Nil (Previous Year: Rs. Nil)

iv. Earning in foreign currencies:-. Nil (Previous Year: Nil)

7. Estimated amount of contracts remaining to be executed on capital accounts: - NIL. (Previous Year: Nil)

8. Disclosures in receipt of derivative instruments:

(i) Derivative instrument outstanding as at 31 st March 2010- Nil.

(ii) Foreign Currency exposures that are not hedged by derivative instrument as at 31 st March 2010-Nil

9. Cash flow statement for the year ended 31 st March 2010 is given in the statement annexed to these accounts as annexure.

10. Related Party Disclosures: (a) Relationship :-

(i) Subsidiaries / Associates Company:

1) Sneh Shares & Securities Pvt. Ltd.

2) IndiaNivesh Securities Pvt. Ltd. - Subsidiary

3) Siddhi Multi-Trade Pvt.Ltd. -Subsidiary

4) IndiaNivesh Management Consultants Pvt.Ltd. - Subsidiary

5) Luminaire Technologies Limited- Subsidiary

(ii) Key Managerial Personnel:

1) Rajesh Nuwal - Managing Director

Note: Related party relationship is as identified by the Company and relied upon by the Auditors.

11. Special Reserve Fund has been created @ 20% of the net profit for the year as provided by Section 451(C) of the Reserve Bank of India Act, 1934.

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