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Notes to Accounts of Sarvottam Finvest Ltd.

Mar 31, 2015

1. Others Notes

(A) Dues to SMEs:

There are no dues to Micro and Small Enterprises, that are reportable under the Micro, Small and Medium Enterprises Development Act, 2006.

(B) Related Party Disclosure:

1. Relationship:

Key Management Personnel

a. Mr. Dilip Kumar Gupta, Managing Director

b. Ms. Smita Jain, Company Secretary and Compliance Officer

(C) The Company is a Non-Banking Financial Company. The Company operates in one segment only i.e. Fund Based Activity, the clause relating to Segment wise Report is not applicable to the Company.

(D) Schedule to the Balance Sheet as required in terms of Non- Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 is annexed.

(E) During the year, the Company has not discontinued any of its operations.

(F) At each Balance Sheet date an assessment is made whether any indication exists that an asset has been impaired. If any such indication exists, an impairment loss i.e. the amount by which the carrying amount of an asset exceeds its recoverable amount is provided in the books of account.

(G) The figures have been rounded off to nearest rupee.

(H) The figures of previous year have been regrouped / recast wherever considered necessary to make them comparable with those of current year.

Oct 27, 12:25 pm
Oct 27, 12:34 pm
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