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Notes to Accounts of Margo Finance Ltd.

Mar 31, 2015

1. CONTINGENT LIABILITIES & COMMITMENTS

Particulars As at As at 31 March 31 March 2015 2014

i) Contingent Liabilities — —

ii) Capital Commitments (Net of advances) 812,500 —


Mar 31, 2014

NIL


Mar 31, 2012

1.1 CONTINGENT LIABILITIES & COMMITMENTS

(Amount in Indian Rupees)

Particulars As at As at

31 March 2012 31 March 2011

I) Contingent liabilities :

a) Claims against the company not acknowledged as debts - -

b) Guarantees - -

c) Other Money to which the company - - is contingently liable

II) Capital Commitments

a) Estimated amount of contracts - - remaining to be executed

on capital account

b) Uncalled liability on shares & - - investments partly paid

c) other commitments - -

1.2 Segment information

As the company's business activities fall under a single business segment and geographical segment, there are no additional disclosure to be provided under Accounting Standard 17 segment reporting other than those already provided in the financial statements

1.3 Others

i) In the opinion of the management, the Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business.

ii) Paise have been rounded off to nearest rupee.

iii) Debit & Credit balances are subject to confirmation

iv) Previous Years figures have been regrouped and/or rearranged.


Mar 31, 2011

Current Year Previous Year 31.03.2011 31.03.2010 (Rs.) (Rs.)

1. Contingent Liabilities not provided for Nil Nil

2. In the opinion of the management, the Current Assets, Loans and Advances are approximately of the value stated, if realized, in the ordinary course of business.

3. Related Party Disclosure

List of parties with whom transactions have taken place during the year:

1) Entities under Common Control 2) Key Managerial Personnel

a) Indo Count Industries Limited a) Shri Anil Kumar Jain

b) Rini Investment & Finance Private Limited b) Shri G. P. Agrawal

c) Indocount Securities Limited c) Shri Sushil Kumar Agarwal

d) Skyrise Properties Private Limited d) Shri Pradeep Kantilal Shah

4. Debit / Credit balances of parties are subject to confirmations.

5. Paise have been rounded off to the nearest rupee.

6. Previous year's figures have been regrouped and / or rearranged wherever considered necessary.


Mar 31, 2010

Current Year Previous Year 31.032010 31.03.2009 (Rs.) (Rs.)

1. Contingent Liabilities not provided for Nil Nil

2. Earning per share computed in accordance with the mandatory requirements of Accounting Standard 20 issued by the Institute of Chartered Accountants of India is as under:

a) Net Profit after tax available for equity 1,672,727 847,696 shareholders

b) Weighted average number of Equity Shares 4,570,000 4,570,000 of Rs. 10/- each outstanding during the year

c) Basic / Diluted Earning per Share Rs. (a / b) 0.37 0.12

3. In the opinion of the management, the Current Assets, Loans and Advances are approximately of the value stated, if realized, in the ordinary course of business.

4. Related Party Disclosure

List of parties with whom transactions have taken place during the year:

1) Entities under Common Control

a) Indo Count Industries Limited

b) Rini Investment & Finance Private Limited

c) Indocount Securities Limited

d) Skyrise Properties Private Limited

2) Key Managerial Personnel

a) Shri Anil Kumar Jain

b) Shri GL P. Agrawal

c) Shri Sushil Kumar Agarwal

d) Shri Pradeep K. Shah

5. Debit / Credit balances of parties are subject to confirmations.

6. Paise have been rounded off to the nearest rupee.

7. Previous years figures have been regrouped and / or rearranged wherever considered necessary.

 
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