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Notes to Accounts of Inter Globe Finance Ltd.

Mar 31, 2014

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2014 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans&advances are subject to confirmation to be received from parties.

5. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2014, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.


Mar 31, 2013

1. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2013 for a period of more than thirty days from the date they become payable.

2. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

3. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

4. During the year ended March 31,2013, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants ofIndia are as per separate sheet.

5. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claimagainst the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Othermoney for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Othercommitments NIL NIL

6. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL


Mar 31, 2012

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2012 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

5. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2012, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.


Mar 31, 2010

1. 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

2. In compliance with the Accounting Standard - AS 22 relating to "Accounting for; Taxes on Income" issued by the Institute of Chartered Accountants of India the company has adjusted the deferred tax liabilities net arising out of timing differences during the year aggregating to 87,983/- has been recognized in the Profit & Loss Account.

3. Previous years figures have been re-arranged / regrouped wherever necessary.

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

5. Schedule to forming an integral part of accounts has been duly authenticated.

 
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