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Notes to Accounts of K Z Leasing & Finance Ltd.

Mar 31, 2014

Notes: 1.a

(i) Reconciliation of the number of shares and amount outstandi ng at the beginning and at the end of the reporting period:

Note 1.b

There were no instances of shares being issued/allotted by way of bonus shares or for consideration other than cash and no shares have been bought back by the company during the period of five years immediately preceding the date of balance sheet.

Notes: 2.a

The Board of Director have accepted deposits from closely related of Directors. The company has filed annual return with R.B.I. In time. The company at present maintained liquidity ratio as required by non banking financial, companies rules ( 1971 ) of R.B.I. There is no any default of repayment of deposits together with interest. Prospectus in lieu of advertisement have not been produced before us.

Related Party Disclosures :

List of Related Parties with whom transactions have taken place during the year.

2.b) Key Management Personnel Mr. Pravinbhai K. Patel Mr. Ankitbhai P. Patel

2.C) Relatives of Key Management Personnel

Name of Party Related party Relationship

A.Patel & co Key Management personnel is Proprietor

Keshavlal Z Patel(HUF) Key Management personnel is Karta

Pravinkumar & co. Key Management personnel is Proprietor

Chaitali Patel Relative of Key Management Personnel

Hardik P.Patel(HUF) Relative of Key Management Personnel

Hardik P.Patel Relative of Key Management Personnel

Kailashben P.Patel Relative of Key Management Personnel

Kenaben H.Patel Relative of Key Management Personnel

Kapilaben B. Patel Relative of Key Management Personnel

Mihir B.Patel Relative of Key Management Personnel

Amratlal K. Patel Relative of Key Management Personnel

Babulal K.Patel Relative of Key Management Personnel

Nature of Security

(i) Loans are guaranteed against the Fixed deposit (Asset) of the company (iii) Terms of Re-payment of Loan

Particulars Repayment Terms

The Navnirman Co Op Bank Ltd UCO Bank

Note 3 Trade Payables

Notes: 3.a

1 All the Balances of loans and Advances, Leassee, Depositors, andsecurity depositors are subject to their balances confirmation.

2 In the opinion of the Board of Director, current Assets loans and Advance of Business at least equal to the amount at which they are stated.

3 Additional Information Pursuant to paragraphs 3 (I) (II), 4B and 4C of Part - II of Schedule VI of the companies Act. 1956. These clause are not applicable to company as company is lease finance company.

4. Generic Names Of three Principal Products/Services of Company ( As Per Monetary Terms)

Items Code No. : N.A

Product Description : Hier Purchase

Items Code No. : N.A

Product Description : Leasing

Items Code No. : N.A

Product Description : Bill Discounting


Mar 31, 2013

1) Corporate information

K. Z. Leasing & Finance Ltd. has over the years been practicing the principles of good Corporate Governance and continuously reviews its investor relationship measures with a view K. Z. Leasing & Finance Ltd. Basically need and is not to be looked upon as an issue of compliance alone.

Note 2.A

There were no instances of shares being issued/allotted by way of bonus shares or for consideration other than cash and no shares have been bought back by the company during the period of five years immediately preceding the date of balance sheet.

Notes: 3.A

The Board of Director have accepted deposits from closely related of Directors. The company has filed annual return with R.B.I. In time. The company at present maintained liquidity ratio as required by non banking financial, companies rules (1971 ) of R.B.I. There is no any default of repayment of deposits together with interest. Prospectus in lieu of advertisement have not been produced before us.

Notes: 4.A

1 All the Balances of loans and Advances, Leassee, Depositors, andsecurity depositors are subject to their balances confirmation.

2 In the opinion of the Board of Director, current Assets loans and Advance of Business at least equal to the amount at which they are stated.

3 Additional Information Pursuant to paragraphs 3 (I) (II), 4B and 4C of Part - II of Schedule VI of the companies Act. 1956. These clause are not applicable to company as company is lease finance company.

Notes :

1. As defined in paragraph 2(1) (xii) of the non Banking Financial companies Acceptance of Public Deposit ( Reserve Bank ) Directions, 1998

2. Provisioning norms shall be applicable as prescribed in the Non Banking Financial Companies Prudential Norms ( Reserve Bank ) directions, 1998

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in espect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in column (5) above.


Mar 31, 2012

1) Corporate information

K. Z. Leasing & Finance Ltd. has over the years been practicing the principles of good Corporate Governance and continuously reviews its investor relationship measures with a view K. Z. Leasing & Finance Ltd. Basically need and is not to be looked upon as an issue of compliance alone.

Note 2.a

There were no instances of shares being issued/allotted by way of bonus shares or for consideration other than cash and no shares have been bought back by the company during the period of five years immediately preceding the date of balance sheet.

Notes: 2.a

The Board of Director have accepted deposits from closely related of Directors. The company has filed annual return with R.B.I. In time. The company at present maintained liquidity ratio as required by non banking financial, companies rules (1971 ) of R.B.I. There is no any default of repayment of deposits together with interest. Prospectus in lieu of advertisement have not been produced before us.

Notes: 3.a

1 All the Balances of loans and Advances, Leassee, Depositors, andsecurity depositors are subject to their balances confirmation.

2 In the opinion of the Board of Director, current Assets loans and Advance of Business at least equal to the amount at which they are stated.

3 Additional Information Pursuant to paragraphs 3 (I) (II), 4B and 4C of Part - II of Schedule VI of the companies Act. 1956. These clause are not applicable to company as company is lease finance company.


Mar 31, 2010

1 All the Balances of loans and Advances, Leassee, Depositors, and security depositors are

2 subject to their balances confirmation.

3 In the opinion of the Board of Director, current Assets loans and Advance of Business at

4 least equal to the amount at which they are stated.

5 Additional Information Pursuant to paragraphs 3 (I) (II), 4B and 4C of Part - II of Schedule VI of the companies Act. 1956. These clause are not applicable to company as company is lease finance company.

6 The Board of Director have accepted deposits from closely related of Directors. The company has filed annual return with R.B.I. In time. The company at present maintained liquidity ratio as required by non banking financial, companies rules (1971 ) of R.B.I. There is no any default of repayment of deposits together with interest. Prospectus in lieu of advertisement have not been produced before us.

7 Previous year figures and Security Deposits are regrouped. Subject to our Audit Report of even date.

 
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