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Notes to Accounts of Multiplus Holdings Ltd.

Mar 31, 2014

1. BACKGROUND

Multiplus Holdings Limited (''the Company'') was incorporated as Amit Holdings Limited on February 24, 1982 , Which was changed to Multiplus Holdings Limited on February 2, 1993 . The Company has been set up primarily with the objective of carrying on the business of a Finance company and carries on business of Investments, trading in shares.

2. Additional information pursuant to the provision of paragraph 3 and 4 in Part II of Schedule VI of the Companies Act, 1956 (As certified by the Directors and accepted by the Auditors without verification)

i) As the company is not a manufacturing company the provisions of paragraph 4C are not applicable.

3. Segment Information for the year ended 31st March, 2014

The company operates in a single segment, viz. Investment and derivatives trading in shares hence Segmental Reporting as required under Accounting Standard 17 issued by the Institute of Chartered Accountants of India is not applicable

4. Related party information as identified by the management as per Accounting Standard 18 on Related Party Disclosure issued by the Institute of Chartered Accountants of India

5. Previous Year Comparatives

The prior year amounts have been reclassified, wherever necessary, to confirm to current year''s presentation.


Mar 31, 2013

1. BACKGROUND

Multiplus Holdings Limited (''the Company'') was incorporated as Amit Holdings Limited on February 24, 1982 , Which was changed to Multiplus Holdings Limited on February 2, 1993. The Company has been set up primarily with the objective of carrying on the business of a Finance company and carries on business of Investments, trading in shares.

2.1 Additional information pursuant to the provision of paragraph 3 and 4 in Part II of Schedule VI of the Companies Act, 1956 (As certified by the Directors and accepted by the Auditors without verification)

i) As the company is not a manufacturing company the provisions of paragraph 4C are not applicable.

ii) Provisions of para 4D

2.2 Segment Information for the year ended 31st March, 2013

The company operates in a single segment, viz. Investment and derivatives trading in shares hence Segmental Reporting as required under Accounting Standard 17 issued by the Institute of Chartered Accountants of India is not applicable

2.3 Related party information as identified by the management as per Accounting Standard 18 on Related Party Disclosure issued by the Institute of Chartered Accountants of India

List of related Parties

Key Management Personnel : - Mr. Jignesh R. Sheth -Director

Mr. Jayprakash R Sheth - Director

Mr. Rajiv Kamdar - Independent Director

Mr. Kalpesh Doshi - Independent Director

2.4 Previous Year Comparatives

The prior year amounts have been reclassified, wherever necessary, to confirm to current year''s presentation.


Mar 31, 2012

1. BACKGROUND

Multiplus Holdings Limited ('the Company') was incorporated as Amit Holdings Limited on February 24, 1982, Which was changed to Multiplus Holdings Limited on February 2, 1993. The Company has been set up primarily with the objective of carrying on the business of a Finance company and carries on business of Investments, trading in shares.

1.1 Additional information pursuant to the provision of paragraph 3 and 4 in Part II of Schedule VI of the Companies Act, 1956 (As certified by the Directors and accepted by the Auditors without verification)

i) As the company is not a manufacturing company the provisions of paragraph 4C are not applicable.

1.2 Segment Information for the year ended 31st March, 2012

The company operates in a single segment, viz. Investment and derivatives trading in shares hence Segmental Reporting as required under Accounting Standard 17 issued by the Institute of Chartered Accountants of India is not applicable

1.3 Related party information as identified by the management as per Accounting Standard 18 on Related Party Disclosure issued by the Institute of Chartered Accountants of India

List of related Parties

Key Management Personnel:

Mr. Jignesh R. Sheth - Director

Mr. Jayprakash R. Sheth - Director

Mr. Rajiv Kamdar - Independent Director

Mr. Kalpesh Doshi - Independent Director

1.4 Previous Year Comparatives

The prior year amounts have been reclassified, wherever necessary, to confirm to current year's presentation.


Mar 31, 2010

1. BACKGROUND

Multiplus Holdings Limited (the Company) was incorporated as Amit Holdings Limited on February 24, 1982 , Which was changed to Multiplus Holdings Limited on February 2, 1993. The Company has been set up primarily with the objective of carrying on the business of a Finance company and carries on business of Investments, trading in shares.

2. Segment Information for the year ended 31st March, 2010

The company operates in a single segment, viz. Investment and derivatives trading in shares hence Segmental Reporting as required under Accounting Standard 17 issued by the Institute of Chartered Accountants of India is not applicable

2.1 Related party information as identified by the management as per Accounting Standard 18 on Related Party

Disclosure issued by the Institute of Chartered Accountants of India

List of related Parties

Key Management Personnel: -

Mr. Jignesh R. Sheth - Director

Mr. Jayprakash R Sheth - Director

Mr. Rajiv Kamdar - Independent Director

Mr. Kalpesh Doshi - Independent Director

2.2 Previous Year Comparatives

The prior year amounts have been reclassified, wherever necessary, to confirm to current years presentation.


Mar 31, 2002

GENERAL:

1. Accounting policies not specifically referred to are consistent with generally accepted Accounting practices.

2. As the Company is not engaged in any manufacturing activities the additional information pursuant to part II to schedule VI of the Companies Act, 1956 has been furnished to the extent applicable.

3. Previous years figures have been regrouped / recast whenever necessary.

 
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