Mar 31, 2016
NOTES :
1. As defined in paragraph 2 (1) (xii) of the Non - Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.
2. Provisioning Norms shall be applicable as prescribed in Non-Systemically Important Non-Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Direction, 2015.
3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of Investments and other assets as also assets acquired in satisfaction of debts. However, Market value in respect of quoted investment and break - up / fair value/ NAV in respect on unquoted investment should be disclosed irrespective of whether they are classified as long term or current in ( 4 ) above.
Mar 31, 2015
A. The Company's main business is Finance and Investment falling under
one business head. Hence, Segmental Reporting as per AS - 17 is not
applicable to the company.
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2015 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non-Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
g. Related Party Transactions
Mar 31, 2014
A. The Company''s main business is Finance and Investment falling under
one business head. Hence, Segmental Reporting as per AS - 17 is not
applicable to the company.
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non-Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
g. Related Party Transactions
Disclosure in relation of Transactions with Related Parties in
accordance with AS-18n
Notes 1 -15 form integral part of the financial Statements for the year
ended on 31/03/2014
NOTES:
1. As defined in paragraph 2 (1) (xii) of the Non - Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning Norms shall be applicable as prescribed in Non -
Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve bank) Direction, 2007
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of Investments and other assets as
also assets acquired in satisfaction of debts. However , Market value
in respect of quoted investment and break - up / fair value/ NAV in
respect on unquoted investment should be disclosed irrespective of
whether they are classified as long term or current in ( 4 ) above .
Mar 31, 2013
A. The Company''s main business is Finance and Investment falling under
one business head. Hence, Segemental Reporting as per AS - 17 is not
applicable to the company
b. As required in terms of Paragraph 13 of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by
RBI, we enclose in the annexure the required Schedule to the Balance
Sheet of a Non- Banking Finance Company.
c. Statutory Reserve has been created @ 20% of Profit after Tax as per
RBI guidelines.
d. Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as per RBI directions.
e. Previous year figures have been regrouped/rearranged wherever
considered necessary.
f. Contingent Liabilities & Contracts on capital account: NIL
g. Related Party Transactions
Disclosure in relation of Trasactions with Related Parties in
accordance with AS-18
Significant Accounting Policies to the financial statements for the
year ended on 31st March 2013
Mar 31, 2012
A. Previous year figures have been regrouped/rearranged wherever
considered necessary.
b. Contingent Liabilities & Contracts on capital account: NIL
c. Related Party Transactions
Disclosure in relation of Trasactions with Related Parties in
accordance with AS-18
Notes 1 -11 form integral part of the financial Statements for the year
ended on 31/03/2012 Signatures to Notes 1-11
Mar 31, 2011
1 The Company''s main business is Finance and Investment falling under
one business head. Hence, Segementai Reporting as per AS -17 is not
applicable to the company
2 The Company has rot entered into any Related Party Transactions as
per AS -18
3 Loss in Capital Markel Operations is the net result of Purchase, Sale
and Share Difference.
4 As recquired in terms of paragraph 9BB of Non-Banking Financial
Companies Prudential Norms (Reserve Bank) Directions, 1998, issued by
RBI, We enclose in the annexure the recquired Schedule to the Bal snce
Sheet of a Non-Banking Finance Company.
5 Special Reserve has been created @ 20% of Profit after Tax as per RBI
guidelines.
6 Contingent Provisions against Standard assets has been made @ 0.25%
of the outstanding standard assets as oer RBI directions.
7 Previous Year figures have been regrouped and/or rearranged wherever
required.
8 Schedules 1 to 11 f nrrn an integral part of the Accounts for the
year. .
Signature to Schedule 1 to 11
Notes: :
1. As defined in Paragraph 2{1)(xii) of the Non - Banking Financial
Companies Acceptance of Public
Deposits (Rekefve Bank) Directions, 1998 ¦
2. Provisioning norms shall be applicable as prescribed in Non -
Banking Financial Companies Prudential Narnhs (Reserve Bank)
Directions, 1998
3. All Accounting Standards and Guidance Notes issued by ICAl are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt. However, markjst value
in respect of quoted investment and break up / fair value / NAV in
respect of unquoted investments should be disclosed irrespective of
whether they are classified as long term or current jin column (5)
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