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Notes to Accounts of Subway Finance & Investment Co. Ltd.

Mar 31, 2014

NOTE NO. 1 - TRADE PAYABLE

The Company does not have in its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act.,2006 and hence disclosure, if any relating to amounts unpaid at the year and together with interest paid /payable as required under the said Act have not been furnished.

NOTE NO. 2 Director''s Remuneration

No remuneration has been paid to any of the directors.

NOTE NO. 3 Foreign Currency Transactions

There is no income or expenditure in foreign currency during the year.

NOTE NO. 4

Company has policy of making provision for retirement benefits as and when the liability arises. NOTE NO. 19 EARNING PER SHARE

NOTE NO. 5

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated if realized in the ordinary course of business except otherwise stated.

c. Previous year figures have been regrouped or rearranged wherever necessary.


Mar 31, 2013

NOTE 1 Related Party Disclosure: {As identified by Management J

List of Related Parties

01. Key Management Personal

Kalpesh Shah (Managing Director! Suketu Shah < Add atonal Director} Mayur Shah {Additional Director) Ashok Tan rift (Additional Director) ArnLHakh Mem a (Director} Jayesh Mehta (Director) Dtllp Karelia (Additional Director)

NOTE NO. 2 Directors Remuneration

No remuneration has been paid to any of the directors.

NOTE NO. 3 Foreign Currency Transactions

There is no income or expenditure in foreign currency during the year.

NOTE NO. 4

Company has policy of making provision for retirement befits as and when the I iahllliy arises,

NOTE HO. 5: Donations

During the year board of directors made donations at fts &4.5O0/- to the Charitable Trusts but as per the section Z93f 1H e> of the Companies Act, 1*54 board is etigibte to make donations upio Rs 50,000/- and company not complied the provisions of section 293(1 M e) of the Companies Att, 1*56, t,e consent of members in general meeting have not taKen.

NOTE NO. 6

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated If realized In the ordinary course of business except otherwise stated.

C Previous year figures have been regrouped or rearranged wherever necessary.


Mar 31, 2011

1. Contingent Liability not provided for AS ON AS ON 31.03.11 31.03.10 Estimated amount of contracts remaining to be executed on capital NIL NIL account and not provided for

2. a) Expenditure in Foreign Currency NIL NIL

b) Amount remitted during the year in NIL NIL Foreign Currency on account and Dividend.

c) Earning in Foreign Exchange NIL NIL

3. Other information pursuant to paragraph 3,4C, 4D of Part II of Schedule VI of the Companies Act 1956 are not applicable.

4. Provision for Income Tax Income tax comprises Current Tax, Fringe Benefit Tax and Deferred Tax. Income tax has been provided at the applicable rates prevailing during the year. Deferred tax Assets and liabilities are recognized for future Tax consequences of tanning difference of taxable income or expenses as per books and income tax, subject to the prudence, deferred tax assets and liabilities are measured using the tax rate enacted or substantially enacted the balance sheet date.

5. Related Party Transaction (AS-18)

a) List of Related

b) Parties and Relationship

6. There are no amounts due to any enterprise which is small scale and ancillary undertaking, for more than 30 days.

7. Previous year figures are regrouped or rearranged wherever necessary

8. Balance sheet Abstract And Company's General Business profile


Mar 31, 2010

1. Contingent Liability not provided for

AS ON AS ON 31.03.10 31.03.09

Estimated amount of contracts

remaining to be executed on capital NIL NIL

account and not provided for

2. a) Expendicure in Foreign Currency NIL NIL

b) Amount remitted during the year in NIL NIL Foreign Currency on account and Dividend.

c) Earning in Foreign Exchange NIL NIL

3. Other information pursuant to paragraph 3,4C, 4D of Part II of Schedule VI of the Companies Act 1956 are not applicable.

4. Provision for Income Tax

Income tax comprises Current Tax, Fringe Benefit Tax and Deferred Tax. Income tax has been provided at the applicable rates prevailing during the year. Deferred tax Assets and liabilities are recognized for future Tax consequences of tanning difference of taxable income or expenses as per books and income tax, subject to the prudence, deferred tax assets and liabilities are measured using the tax rate enacted or substantially enacted enacted the balance sheet date.

5. Related Party Transaction (AS-18)

a) List of Related

b) Parties and Relationship

6. There are no amounts due to any enterprise which is small scale and ancillary undertaking, for more than 30 days.

7. Previous year figures are regrouped or rearranged wherever necessary

8. Balance sheet Abstract And Companys General Business profile

IV PERFORMANCE OF THE COMPANY (Amounts in Rupees Thousands)

Turnover : 1171

Total Expenditure : 304

Profit Before Tax : 867

Profit After Tax : 602

Earning Fer Shares (In Rs) : 0.55

Dividend : Nil



V GENERIC NAMES OF THREE PRINCIPAL PRODUCTS / SERVICES OF COMPANY

(As per monetary term)

Item Code No. (ITC CODE) : NA

Product : Finance and Investment.

As per report of even date

 
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