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Notes to Accounts of Photon Capital Advisors Ltd.

Mar 31, 2014

1 Related party disclosures

(i) Names of related parties and related party relationship

(a) Subsidiary

Soven Management Associates Private Limited

(b) Key management personnel

Tejaswy Nandury

(c) Enterprises over which key management personnel exercise significant influence

Hifco Consumer Credit Private Limited

Calypso Growth Investment

Nicobar Capital

Sobha advertisig services

SAS Premium

2 There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.

The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

3 Value of imports on C.I.F. basis Rs. Nil (Previous year Rs. Nil)

4 Earnings in foreign currency Rs. Nil (Previous year Rs. Nil)

5 Expenditure incurred in foreign currency Rs. 2,33,780/- (Previous year Rs. Nil)

6 Dividend remitted in foreign currency Rs. Nil (Previous year Rs. Nil)

7 There are no loans and advances in the nature of loans to associates outstanding, accordingly disclosure under clause 32 of the listing agreement is not applicable.

8 All numbers mentioned in the financial statements are denominated in Indian Rupees (Rs.) unless otherwise mentioned as such.

9 Previous year figures have been regrouped / reclassified, wherever necessary, to conform to current year presentation.


Mar 31, 2013

1 Related party disclosures

(i) Names of related parties and related party relationship

(a) Key management personnel Tejaswy Nandury

(b) Enterprises over which key management personnel exercise significant influence Hifco Consumer Credit Private Limited

Calypso Growth Investment Nicobar Capital (ii) Transactions with related parties Nil

2 Segment information

The Company does not have any reportable segments as per AS-17 and hence, disclosures are not required to be presented.

3 "There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the Company owts dues on account of principal amount together with interest and accordingly no additional disclosures have been made.""The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors."

4 Value of imports on C.I.F. basis Rs. Nil (Previous year Rs. Nil)

5 Earnings in foreign currency Rs. Nil (Previous year Rs. Nil)

6 Expenditure incurred in foreign currency Rs. Nil (Previous year Rs. Nil)

7 Dividend remitted in foreign currency Rs. Nil (Previous year Rs. Nil)

8 There are no loans and advances in the nature of loans to associates outstanding, accordingly disclosure under clause 32 of the listing agreement is not applicable.

9 All numbers mentioned in the financial statements are denominated in Indian Rupees (Rs.) unless otherwise mentioned as such.

10 Previous year figures have been regrouped / reclassified, wherever necessary, to conform to current year presentation.


Mar 31, 2012

1. Gratuity

The following tables summaries the components of net benefit expense recognised in the statement of profit and loss and the funded status and amounts recognised in the balance sheet for the respective plans

2. Related Party Disclosures

(i) Names of related parties and related party relationship

(a) Key management personnel : Tejaswy Nandury,

(b) Enterprises over which key management personnel exercise significant influence: Hifco Consumer Credit Private Limited

Calypso (partnership firm)

(ii) Transactions with related parties Nil

3. Segment Information

The Company does not have any reportable segments as per AS-17 and hence, disclosures are not required to be presented.

4. Balance sheet of a non-deposit taking non-banking financial company

(as required in terms of paragraph 13 of Non-Banking Financial (Non-Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

1. Liabilities side :

The following tables summaries the components of net benefit expense recognised in the statement of profit and loss and the funded status and amounts recognised in the balance sheet for the respective plans

5. There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made. "The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors".

6. Value of imports on C.I.F. basis Rs. Nil (Previous year Rs. Nil)

7. Earnings in foreign currency Rs. Nil (Previous year Rs. Nil)

8. Expenditure incurred in foreign currency Professional and Travelling others Rs. Nil (Previous year Rs. Nil)

9. Dividend remitted in foreign currency Rs. Nil (Previous year Rs. Nil)

10. There are no loans and advances in the nature of loans to associates outstanding, accordingly disclosure under clause 32 of the listing agreement is not applicable.

11. All numbers mentioned in the financial statements are denominated in Indian Rupees unless otherwise metioned as such.

12. Previous year figures have been regrouped / reclassified, wherever necessary, to conform to current year presentation.


Mar 31, 2010

Segment Reporting

(i) The Companys business is organized in two segments - Financial services and Investment services. Accordingly, these divisions comprise the primary basis of segment information. The Company caters to Indian markets and as such there are no reportable geographical segments. All the assets are also located in India.

(ii) The generally accepted accounting principles used in the preparation of the financial statements are applied to record revenue and expenditure in individual segments

(iii) Revenue and direct expenses in relation to segments are categorized based on items that are individually identifiable to that segment, while other costs, wherever allocable, is apportioned to the segments on an appropriate basis. Certain expenses are not specifically allocable to individual segments as the underlying services are used interchangeably. The Company believes that it is not practicable to provide

segment disclosures relating to such expenses, and accordingly such expenses are separately disclosed as unallocated and directly charged to total income.

(iv) Fixed assets used in the Companys business or liabilities contracted have not been identified to any of the reportable segments, as the fixed asset and services are used interchangeably between segments. The Company believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

Relationships

Key Management Personnel : Tejaswy Nandury

Enterprises over which Key Management Personnel or : Shobha Advertising Services

Relatives of Key Management Personnel are able : Banyan Enterprises to exercise significant influence

The market value of long term investments as on balance sheet date is Rs. 75,436,848 (book value Rs.74,882,296). Out of the long term investments as at balance sheet date, market value of a few quoted long term investments is lesser than the carrying value as on the same date by Rs. 21,17,479 and Management is of the opinion that the diminution is of temporary nature and hence, the dimunution has not been provided for in the books of account.

Information with regard to certain other matters specified in paragraphs 3, 4C and 4D of Part II to Schedule VI of The Companies Act, 1956 are either nil or not applicable to the Company for the period covered by the aforesaid financial statements.

"There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.“The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors."

During there year there are no disposal of fixed assets.

Value of imports on C.I.F. basis Rs. Nil (Previous year Rs. Nil)

Earnings in foreign currency Rs. Nil (Previous year Rs.Nil)

Expenditure incurred in foreign currency Professional and Travelling others Rs. Nil (Previous year Rs. 2,476,774)

Dividend remitted in foreign currency Rs. Nil (Previous year Rs. Nil)

There are no loans and advances in the nature of loans to associates outstanding, accordingly disclosure under clause 32 of the listing agreement is not applicable.

Previous year figures have been regrouped / reclassified, wherever necessary, to conform to current year presentation.

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