Mar 31, 2016
B
TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The Company has only one class of equity share having par value of Rs 1 /- per share . Each holder of Equity share is entitled to one vote per share
In the event of liquidation of the company , the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders
D.
SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH
Equity shares have not been issued for consideration other than cash
NOTE 1 OTHER NOTES ON ACCOUNTS
i Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors for the year ended 31st March 2016.
ii Loans & advances balances are subject to confirmation by the respective parties .
iii Segment Report :
The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments as per Accounting Standard 17.
iv Related Party Disclosure :
As per accounting standard 18 no information for related parties.
KEY MANAGEMENT PERSONNEL ( KMP )
1. Sagar Mal Nahata - Managing Director
RELATIVES OF (KMP) - None
ENTERPRISE IN WHICH KMP AND THEIR RELATIVES HAS SUBSTANTIAL INTEREST - None
v The Company has Complied this information based on the current information in its possession. As at Amount due to Micro Small and Medium Enterprises as on 31.03.2016 Rs. NIL ( PY Rs. NIL )
vi The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013 with their Schedule as the same is effective from 1st April, 2014
vii Provision for taxation on Income for the year has been made under the tax calculated on income under normal computation as per income tax act being higher than the tax computed under section 115JB of the income tax act.
viii No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of Gratuity Act.
ix No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.
x Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.
xi Informationâs required to be furnished under paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 is given in separate Annexure.
Mar 31, 2015
I Based on the information / documents available with the Company, no
creditor is covered under Micro, Small and Medium Enterprise
Development Act, 2006. As a result, no interest provision/payments have
been made by the Company to such creditors for the year ended 31st
March 2015.
ii Loans & advances balances are subject to confirmation by the
respective parties .
iii Segment Report :
The Company is engaged in the business of Non-Banking Financial
Services and there are no separate reportable segments as per
Accounting Standard 17.
iv Related Party Disclosure :
KEY MANAGEMENT PERSONNEL ( KMP )
1. Sagar Mal Nahata - Managing Director
2. Sonia Jain - Company Secretary
RELATIVE OF KMP AND THEIR ENTERPRISE IN WHICH KMP AND THEIR RELATIVES
WHERE TRANSACTION HAS TAKEN PLACE
1. S.M Nahata & Co.
2. S.M. Nahata & Foundation
3. RGF Capital Markets Limited
v The Company has Complied this information based on the current
information in its possession. As at 31.03.2015
No supplier has intimated the Company about its status as a Micro or
Small enterprise or its Registration ,with the appropriate authority
under Micro, SmallM aenddium Enterprise Development Act, 2006. Amount
due to Micro Small and Medium Enterprises as on 31.03.2015 Rs. NIL ( PY
Rs. NIL )
vi The Financial Statements and Notes on Accounts has been prepared as
per the Companies Act, 2013 with their Schedule as the same is
effective from 1st April, 2014.
vii Provision for taxation on Income for the year has been made under
the tax calculated on income under normal computation as per income tax
act being higher than the tax computed under section 115JB of the
income tax act.
viii The management has assessed that there is no impairment of Fixed
assets requiring provisions in the accounts. Accordingly, there is no
debit to the Profit & Loss Account for the impairment of assets.
ix Deferred Taxation :
The company will recogonise the deferred tax liabilities/assets on the
timing differences for the period in which there is virtual certainty
of future income by way of prudence in accordance with AS-22 "
Accounting For Taxes On Income " issued by the Institute of Chartered
Accountants of India.
x No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
payment of Gratuity Act.
xi No provision has been made on account of leave salary as there are
no leave to the credit of employees as at the end of the year.
xii Previous Year figures have been regrouped, rearranged or recasted
wherever considered necessary.
xiii Informations required to be furnished under paragraph 9BB of
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998 is given in separate Annexure.
Mar 31, 2013
NOTE 1
Based on the information / documents available with the Company, no
creditor is covered under Micro, Small and Medium Enterprise
Development Act, 2006. As a result, no interest provision/payments have
been made by the Company to such creditors, if any, and no disclosures
thereof are made in these accounts.
NOTE 2
Loans, advances and sundry debtors and sundry creditors balances are
subject to confirmation by the respective parties
NOTE 3
Segment Report :
The Company is engaged in the business of Non-Banking Financial
Services and there are no separate reportable segments as per
Accounting Standard 17.
NOTE 4
Related Party Disclosure :
As per accounting standard 18 no information for related parties.
NOTE 5
The Company has Complied this information based on the current
information in its possession as at 31.03.2013, No Amount due to Micro
Small and Medium Entries as on 31.03.2013 RS NIL (PY RS NIL)
NOTE 6
Provision for Outstanding Standard Assets have been made @ 0.25% as per
RBI Circular No.: DNBPS. PD. CC. No, 207/03.02.002 /2010-11 dated:
17-01-2011
NOTE 7
No Provision has been made on account of gratuity as none of the
employees have put in completed years of Service as required by the
Payment of Gratuity Act.
NOTE 8
No provision has been made on account of leave salary as there are no
leave to the credit of employees as at the end of the year.
NOTE 9
Previous Year figures have been regrouped, rearranged or recasted
wherever considered necessary.
NOTE 10
InformationÂs required to be furnished under paragraph 9BB of
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998 is given in separate Annexure.
NOTE 11
Till 31St March, 2012 the Company was using pre revised Schedule VI to
the Companies Act 1956, for preparation and presentation of its
financial statements. During the year ended 31 St March, 2013 the
Revised Schedule VI notified under the Companies Act, 1956 has become
applicable to the company. The Company has re classified previous year
figures as well as those in the bracket to confirm to this year''s
classification as per revised Schedule VI. The adoption of revised
Schedule VI does not impact recognition and measurement principles
followed for preparation of financial statements. However its
significantly impacts presentation and disclosure made in the financial
statements, particularly presentation of Balance Sheet.
Mar 31, 2012
Not Available
Mar 31, 2011
Not Available
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