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Notes to Accounts of Nikki Global Finance Ltd.

Mar 31, 2015

1. CONTINGENT LIABILITIES:

(a) Estimated amount of contracts remaining to be executed on Capital Accounts and not provided for : NIL

(Previous Year: NIL)

(b) Claims against the company not acknowledged as debts: NIL (Previous Year: NIL)

(c Uncalled liability on partly paid investments : NIL (Previous Year: NIL)

2. Special reserve represents, the reserve created in accordance with the provisions of section 45-IC Of the Reserve Bank of India Act, 1934, as amended by the Reserve Bank of India (Amendment) Act, 1997.

3. The company has not entered into any lease agreement after 31.03.1999, therefore, provision of Accounting standard-19 on 'Lease' are not applicable.

4. To the extent information available, there were no outstanding dues towards small scale or ancillary undertaking as on 31.03.2015.

5. The advance received or given is without any stipulation of board of directors regarding their in nature and period for which they are qiven or received.

7. Disclosure of Related Party Transactions in accordance with Accounting Standard (AS-18) "Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

8. Related party where significant influence exists:

Party Relationship

Horizon Portfolio Ltd. Entity in which key Management Personnel can exercise significant control

Cityon Nano Technology Entity in which key Management Personnel Pvt. Ltd. Can exercise significant control

Party Transaction Amount in

Horizon Portfolio Ltd. Purchase & Sale of Securities 54079624.38

Cityon Nano Technology Advance received 200000.00 Pvt. Ltd.

9. The particulars as required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions 1998 given in Schedule l-(i) is not appended hereto.

10. Keeping in view the current year losses of the company, net deferred tax liabilities have not been recognized in accordance with Accounting Standard AS-22-"Accounting for taxes on income" issued by the Institute of Chartered Accountants of India".

11. Payment of Gratuity Act, 1972 and Provident Fund Act, 1952 are not presently applicable to the Company. The company does not have a policy of encashment of unavailed leaves.

12. Earnings in Foreign Currency: NIL (Previous Year: Rs. NIL)

13. Expenses in Foreign Currency: NIL (Previous Year: Rs. NIL-)

14. The company has identified that there is no impairment of assets and as such no provision is required for the same in terms of Accounting Standard 28 issued by Institute of Chartered Accountants of India.

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

16. Previous year's figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2014

1. CONTINGENT LIABILITIES:

(a) Estimated amount of contracts remaining to be executed on Capital Accounts and not provided for : NIL

(Previous Year: NIL)

(b) Claims against the company not acknowledged as debts: NIL (Previous Year: NIL)

(c Uncalled liability on partly paid investments : NIL (Previous Year: NIL)

2. Special reserve represents, the reserve created in accordance with the provisions of section 45-IC Of the Reserve Bank of India Act, 1934, as amended by the Reserve Bank of India (Amendment) Act, 1997.

3. The company has not entered into any lease agreement after 31.03.1999, therefore, provision of Accounting standard-19 on ''Lease'' are not applicable.

4. To the extent information available, there were no outstanding dues towards small scale or ancillary undertaking as on 31.03.2014.

5. The advance received or given is without any stipulation of board of directors regarding their in nature and period for which they are given or received.

6. The particulars as required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions 1998 given in Schedule l-(i) is not appended hereto.

7. Keeping in view the past two year records of the company, where the company has earned handsome profits & management is sure that the same trend shall continue in future, net deferred tax liabilities have been recognized in accordance with Accounting Standard AS-22-"Accounting for taxes on income" issued by the Institute of Chartered Accountants of India".

8. Payment of Gratuity Act, 1972 and Provident Fund Act, 1952 are not presently applicable to the Company. The company does not have a policy of encashment of unavailed leaves.

9. Earnings in Foreign Currency: NIL (Previous Year: Rs. NIL)

10. Expenses in Foreign Currency: NIL (Previous Year: Rs. NIL-)

11. The company has identified that there is no impairment of assets and as such no provision is required for the same in terms of accounting standard 28 issued by Institute of Chartered Accountants of India.

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

13. Previous year''s figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2013

1. CONTINGENT LIABILITIES:

(a) Estimated amount of contracts remaining to be executed on Capital Accounts and not provided for:

NIL

(Previous Year: NIL)

(b) Claims against the company not acknowledged as debts: NIL (Previous Year: NIL)

(c Uncalled liability on partly paid investments : NIL (Previous Year: NIL)

2. Special reserve represents, the reserve created in accordance with the provisions of section 45-IC of the Reserve Bank of India Act, 1934, as amended by the Reserve Bank of India (Amendment) Act 1997. ''

3. The company has not entered into any lease agreement after 31.03.1999, therefore, provision of Accounting standard-19 on ''Lease'' are not applicable.

4. To the extent information available, there were no outstanding dues towards small scale or ancillary undertaking as on 31.06.2013

5. The advance received or given is without any stipulation of board of directors regarding their in nature and period for which they are given or received.

6. Disclosure of Related Party Transactions in accordance with Accounting Standard (AS-18) "Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

7. The particulars as required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions 1998 given in Schedule l-(i) is not appended hereto.

8. Keeping in view the past two year records of the company, where the company has earned handsome profits & management is sure that the same trend shall continue in future, net deferred tax liabilities have been recognized in accordance with Accounting Standard AS-22-"Accounting for taxes on income" issued by the Institute of Chartered Accountants of India".

9. The company has identified that there is no, impairment of assets and as such no provision is required for the same in terms of accounting standard 28 issued by Institute of Chartered Accountants of India.

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

11. Previous year''s figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2012

1. CONTINGENT LIABILITIES:

(a) Estimated amount of contracts remaining to be executed on Capital Accounts and not provided for: NIL (Previous Year: NIL)

(b) Claims against the company not acknowledged as debts: NIL (Previous Year: NIL)

(c) Uncalled liability on partly paid investments : NIL (Previous Year: NIL)

2. Special reserve represents, the reserve created in accordance with the provisions of section 45-IC of the Reserve Bank of India Act, 1934, as amended by the Reserve Bank of India (Amendment) Act, 1997.

3. The company has not entered into any lease agreement after 31.03.1999, therefore, provision of Accounting standard-19 on 'Lease' are not applicable.

4. To the extent information available, there were no outstanding dues towards small scale or ancillary undertaking as on 31.03.2012.

5. The advance received or given is without any stipulation of board of directors regarding their in nature and period for which they are given or received.

6. Disclosure of Related Party Transactions in accordance with Accounting Standard (AS-18) "Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

7. The particulars as required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions 1998 given in Schedule l-(i) is not appended hereto.

8. The company has unabsorbed depreciation and carried forward losses under tax laws. But keeping in view the past two year records of the company, where the company has earned handsome profits & management is sure that the same trend shall continue in future, net deferred tax liabilities have been recognized in accordance with Accounting Standard AS-22-"Accounting for taxes on income" issued by the Institute of Chartered Accountants of India".

9. Payment of Gratuity Act, 1972 and Provident Fund Act, 1952 are not presently applicable to the Company. The company do not have a policy of encashment of unavailed leaves.

10. Earnings in Foreign Currency : NIL (Previous Year: Rs. NIL)

11. Expenses in Foreign Currency : NIL (Previous Year: Rs. NIL)

12. The company has identified that there is no impairment of assets and as such no provision is required for the same in terms of accounting standard 28 issued by Institute of Chartered Accountants of India.

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

14. Previous year's figures have been regrouped I rearranged wherever considered necessary.


Mar 31, 2009

1. CONTINGENT LIABILITIES :

(a) Estimated amount of contracts remaining to be executed on Capital Accounts and not provided for: NIL (Previous Year: NIL)

(b) Claims against the company not acknowledged as debts : NIL (Previous Year: NIL)

(c Uncalled liability on partly paid investments : NIL (Previous Year: NIL)

2. Special reserve represents, the reserve created in accordance with the provisions of section 45-IC of the Reserve Bank of India Act, 1934, as amended by the Reserve Bank of India (Amendment) Act, 1997.

3 The company has not entered into any lease agreement after 31.3.1999, therefore, provision of accounting standard-19 on Lease are not applicable.

4. To the extent information available, there was no outstanding dues toWards small scale or ancillary undertaking as on 31.3.2009. 5. Reportable segments in respect of business operations of the Company have been identified on the basis of nature of activities attached to each segment. There are no secondary reportable segments considering the business operation of the company. Therefore, no disclosure for secondary segment has been made.

6. The particulars as required in terms of Paragraph 9BB of Financial Companies Prudential Norms (Reserve Bank) Directions 1998 are given in Schedule l-(i) appended hereto.

7. The company has unabsorbed depreciation and carried forward los losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting Standard AS-22-"Accounting for taxes on income" issued by the Institute of Chartered Accountants of India".

8. Payment of Gratuity Act, 1972 and Provident Fund Act, 1952 are no: presently applicable to the Company. The company do not have a policy of encashment of unavailed leaves.

9. Earnings in Foreign Currency : NIL (Previous Year: Rs. NIL)

10. Expenses in Foreign Currency : NIL (Previous Year: Rs. NIL-)

11. The company has identified that there is no impairment of assets and as such no provision is required for the same in terms of accounting standard 28 issued by Institute of Chartered Accountants of India.

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

13. Previous years figures have been regrouped/rearranged wherever considered necessary.

19. Schedule A to 1 form an integral part of Balance Sheet and Profit and Loss Account.

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