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.ÃThe 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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