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Notes to Accounts of Mansi Finance (Chennai) Ltd.

Mar 31, 2015

1. Company has one class of share capital, comprising ordinary shares of Rs. 10 each. Subject to the Company's Articles of Association and applicable law, the Company's ordinary shares confer on the holder the right to receive notice of and to vote at general meetings of the Company, the right to receive any surplus assets on a winding up of the Company and an entitlement to receive any dividend declared on ordinary shares.

2. EMPLOYEES BENEFIT:

The Company has not made any provision in the books for employees benefits- hence the Accounting Standard (AS) 15, is not applicable.

3. DUES TO MICRO, SMALL & MEDIUM ENTERPRISES

The Company has no dues to Micro, Small & Medium enterprises during the year ended 31st March 2015.

4. Previous Year's Figures Have Been Re-Grouped And Re-Classified Wherever Necessary, To Confirm To Current Year's Classification.


Mar 31, 2014

1. Mansi Finance Chennai Limited (the Company) is a public Company and incorporated under the provisions of the Companies Act, 1956. Its shares are listed in the Bombay Stock Exchange in India. The Company is registered as a Non-Banking Company (NBFC) with Reserve Bank of India. The Company is presently classified as Non- Deposit Taking NBFC.

2. Company has one class of share capital, comprising ordinary shares of Rs. 10 each. Subject to the Company''s Articles of Association and applicable law, the Company''s ordinary shares confer on the holder the right to receive notice of and to vote at general meetings of the Company, the right to receive any surplus assets on a winding up of the Company and an entitlement to receive any dividend declared on ordinary shares.

3. SEGMENT REPORTING

The Company is engaged primarily in the business of financing and accrodingly there are no separate reportable segment as per accounting standard -AS17- Segment Reporting.

4. CONTIGENT LIABILITIES & COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR

2013-2014 2012-2013

Claims Against the Company not acknowledge as debt Income Tax Demand for Financial year 2003-2004 42,087.00 42,087.00 (pending in appeal with Commissioner of Income Tax (Appeals) Chennai)

Income Tax Demand for Financial Year 119,420.00 119,420.00 2004-2005 (pending in appeal with Commissioner of Income Tax (Appeals) Chennai)

Income Tax Demand for Financial 11,539,163.00 0.00 Year 2010-2011 (pending in appeal with Commissioner of Income Tax (Appeals) Chennai)

5. EMPLOYEES BENEFIT:

The Company has not made any provision in the books for employees benefits- hence the Accounting Standard (AS) 15, is not applicable.

6. DUES TO MICRO, SMALL & MEDIUM ENTERPRISES

The Company has no dues to Micro, Small & Medium enterprises during the year ended 31st March 2014.

7. Previous Year''s Figures Have Been Re-Grouped And Re-Classified Wherever Necessary, To Confirm To Current Year''s Classification.


Mar 31, 2013

1. Mansi Finance Chennai Limited (the Company) is a public Company and incorporated under the provisions of the Companies Act,1956. Its shares are listed in the Bombay Stock Exchange in India. The Compnay is registered as a Non-Banking Compnay (NBFC) with Reserve Bank of India.

2. SEGMENT REPORTING

The Company is engaged primarily in the business of financing and accrodingly there are no separate reportable segment as per accounting standard -AS17- Segment Reporting.

3 CONTIGENT LIABILITIES & COMMITMENTS

Disputed Income Tax liability for Financial Year 2003-2004 & 2004-2005 Rs. 161,507. Appeal is pending before Commissioner of Income Tax (Appeal)

4. EMPLOYEES BENEFIT:

The Company has not made any provision in the books for employees benefits- hence the Accounting Standard (AS) 15, is not applicable.

5. DUES TO MICRO, SMALL & MEDIUM ENTERPRISES

The Company has no dues to Micro,Small & Medium enterprises during the year ended 31st March 2013.

6. Previous Year''s Figures Have Been Re- Grouped And Re-Classified Wherever Necessary, To Confirm To Current Year''s Classification.


Mar 31, 2012

1. SEGMENT REPORTING

The Company is engaged primarily in the business of financing and accrodingly there are no separate reportable segment as per accounting standard -AS17- Segment Reporting,

2. CONTIGENT LIABILITIES & COMMITMENTS

Disputed Income Tax liability' for Financial Year 2003--004 & 2004- 2005 Rs. 161,507. Appeal is pending before Commissioner of Income Tax (Appeal)

3. DUES TO MICRO, SMALL & MEDIUM ENTERPRISES

The Company has no dues to Micro,Small & Medium enterprises during the year ended 31st March 2012.

4. Previous Year's Figures Have Been Re- Grouped And Re-Classified Wherever Necessary, To Confirm To Current Year's Classification.


Mar 31, 2010

1 GENERAL

1.1 SEGMENT REPORTING

The company is engaged primarily in the business of financing and accordingly there are no separate reportable segments as per Accounting Standard - AS17 - Segment Reporting.

1.2 RELATED PARTY DISCLOSURES RELATED PARTY

a) Associates With Whom The Company Had Transactions : Madras Mercantile Agency

Mansi Mercantile Company

b) Key Management Personnel

Sri Suresh Bafna , Managing Director

c) Relative of Key Management Personnel Sajjan Kanwar Bafna

Adit S Bafna

1.3 Previous Years Figures Have Been Re- Grouped And Re-Classified Wherever Necessary, To Confirm To Current Years Classification.

1.4 Contingent Liabilities:

Disputed Income Tax liability for Financial year 2003-2004 and 2004-2005 Rs. 161,507.00

Appeal is pending before Commissioner of Income Tax (Appeal).

1.5 There are no small scale Industries, to whom the Company owes any dues.

 
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