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Notes to Accounts of Suchitra Finance & Trading Company Ltd.

Mar 31, 2015

1. Previous year Figures

Previous Year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosures.


Mar 31, 2014

1 Related Party Disclosures

i. List of Related Party with whom transaction have taken place &

Relationship.

Name of the Related Party Relationship

a.Sangam Infratech Limited Enterprises over which Key

Management Personnel are able to , exercise significant influence

2 Previous year Figures

Previous Year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosures.


Mar 31, 2013

1 Segment Reporting

The Company is engaged solely in investment activity segment and all activities of the Company revolve around this business. As such there are no other reportable segment as defined by Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

2 Related Party Disclosures

i. List of Related Party with whom transaction have taken place & Relationship.

Name of the Related Party Relationship

a. Sangam Infratech Limited Enterprises over which Key

Management Personnel are able to exercise significant influence

3 Previous year Figur

Previous Year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/ disclosures.


Mar 31, 2012

1. In accordance with the Notification No. DNBS.222/CGM(US)-2011 dated 17.01.2011 issued by the Reserve Bank of India(RBI) vide its directions to all NBFC''s to make a general provision of 0.25% on the standard assets, the Company has recognized Contingent Provisions against Standard Assets as at the year end aggregating Rs. 1,132,501/-(Previous year Rs. 305,883/-).

2. Segment Reporting

The company is engaged solely in investment activity segment and all activities of the Company revolve around this business. As such there are no other reportable segment as defined by Accounting Standard 17 on the "Segment Reporting" issued by the Institute of Company Secretaries of India.

3. Related Party Disclosures

i. List of Related Parties with whom transaction have taken place & Relationship.

Name of the Related Parties Relationship

a. Sangam Infratech Limited Enterprises over which Key Management

Personnel are able to exercise significant influence.

4.Previous Year Figures

The Revised Schedule VI has become effective from April 01, 2011 for the preparation and presentation of financial statements. This has significantly impacted the disclosures and presentation made in the financial statements. Previous Year''s figures have been regrouped/ reclassified wherever necessary to correspond with the current year''s classification/disclosures.


Mar 31, 2011

1) The provision of Provident Fund Act, ESI Act and Payment of Gratuity Act are not applicable to the company since the number of employees is less than those specified in the aforesaid Acts.

2) As identified from available information, there are no dues to small-scale Industrial undertakings, which require disclosure.

3) As the business activity falls within a single segment, the disclosure requirements of Accounting Standard 17 "Segment Reporting", issued by the Institute of Chartered Accountants of India, is not applicable.

4) Previous year figures have been regrouped or rearranged wherever necessary.

 
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