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Notes to Accounts of Tashi India Ltd.

Mar 31, 2015

1. "Terms/rights attached to Equity Shares

"The company has only one class of equity shares having a par value of 10/-per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

"In the event of liquidation of the company, the holders 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 shares held by the shareholders. "

31.03.2015 31.03.2014 (Rs.) (Rs.)

2. Contingent Liabilities not provided for:

Sales Tax 18,24,901/- 5,40,895/-

3. In terms of provisions of the Companies Act, 2013, the rates of depreciation on tangible assets on written down value method have been recalculated based on useful life of the assets as prescribed under schedule-II of the said Act. Consequently, depreciation for the year is lower by Rs. 34942/-.

4 . Segment Reporting:

In accordance with Accounting Standard 17 "Segment Reporting" as prescribed under Companies (Accounting Standards) Rules, 2006, the Company has determined its business segment as Finance Activities Business. Since there are no other business segments in which the company operates, there are no other primary reportable segments. Therefore, the segment revenue, segment results, segment assets, segment liabilities, total cost incurred to acquire segment assets, depreciation charge are all as is reflected in the financial statements.

5 . Related parties and transaction with them as specified in Accounting Standard-

6. on "Related Party Disclosures" issued by the ICAI has been identified and given below;

(i) Related Party Relationships

(a) Where control exists None

(b) Other Related Parties with Bajaj Global Limited whom the Company had Bajaj Steel Industries Limited transactions Rohit Machine & Fabricators Ltd.,

Bajaj Exports Pvt Ltd.,

Glycosic Merchants Pvt Ltd.,

Bajaj Chemo-plast (I) Ltd.,

Bajaj Trade Developments Limited

Luk Plastcon Ltd Nagpur Infotech Pvt. Ltd.

Gangalaxmi Industries Ltd Nissan Merchandise Pvt. Ltd.

Bajaj Reinforcement LLP

NOTES: The parties listed under (b) above are not "related parties" as per the requirements of Accounting Standard

7. However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.


Mar 31, 2014

SHARE CAPITAL

Terms/rights attached to Equity Shares :

The company has only one class of equity shares having a par value of 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders 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 shares held by the shareholders.


Mar 31, 2013

31.03.2013 31.03.2012 (Rs.) (Rs.)

1. Contingent Liabilities not provided for:

Income Tax demand 4, 38,097/- 22,00,916/-

2 . The Company has applied to the Reserve Bank of India (RBI) for surrendering its NBFC Registration certificate, which is under process. In view of this particulars as required in terms of Para 13 of the Non Banking Financial (Non -Deposit Accepting or Holding) Companies & Prudential Norms (Reserve Bank) Directions, 2007 are not given.

NOTES: The parties listed under (b) above are not "related parties" as per the requirements of Accounting Standard 18. However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.

3. As per the information available with the Company and relied upon by the auditors:

a. There are no dues towards any small Scale Industrial Undertaking.

b. No dues to suppliers covered under the Micro, Small and Medium Enterprises Development Act, 2006.

4. Previous year figures are rearranged/regrouped wherever considered necessary.

Note: All figures in brackets are outflow.

CONSIDERING THE COMPANY''S ACTIVITIES, UNSECURED LOANS ARE CONSIDERED AS PART OF WORKING CAPITAL AND OPERATING ACTIV- ITY OF THE COMPANY.


Mar 31, 2012

1. SHARE CAPITAL

b) Terms/rights attached to Equity Shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders 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 shares held by the shareholders

31.03.2012 31.03.2011 (Rs.) (Rs.)

2. Contingent Liabilities:

Claims against the Company not acknowledged as debt.

Income Tax demand 22,00.916/- 22,00,916/-

3. The Company has applied to the Reserve Bank of India (RBI) for surrendering its NBFC registration certificate since the company is no more a Non Banking Financial Company and the same is under process and hence, particulars as required in terms of Para 13 of the Non Banking Financial (Non -Deposit Accepting or Holding) Companies & Prudential Norms (Reserve Bank) Directions. 2007 are not given.

4. Transactions with Related Parties, (As identified by the Management)

(i) Related Party Relationships

(a) Where control exists None

(h) Other Related Parties

Bajaj Global Limited

Bajaj Steel Industries Limited

Prosperous Finance Services Limited

Rohit Machine & Fabrocators Ltd.,

Bajaj Exports Pvt Ltd.,

Bajaj Polymin Pvt Ltd.,

Giycosic Merchants Pvt Ltd.,

Bajaj Cotgin Pvt Ltd.,

Bajaj Chemo-plast (I)Ltd.,

Bajaj Trade Developments Limited

Rohit Polytex Ltd

Luk Plastcon Ltd

Gangalaxmi Industries Ltd

Mr. Kush Bajaj

NOTES: The parties listed under (b) above are not "related parties" as per the requirements of Accounting Standard 18 However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.

5. As per the information available with the Company and relied upon by the auditors:

a. There are no dues towards any small Scale Industrial Undertaking.

b. No dues to suppliers covered under the Micro, Small and Medium Enterprises Development Act, 2006.

6. Previous year figures are rearranged/regrouped wherever considered necessary.


Mar 31, 2010

31.03.2010 31.03.2009

1. Contingent Liabilities:

Claims against the Company not acknowledged as debt.

Income Tax demand - 28,46,020

2. Depreciation has been provided on written down value method at rates and the manner prescribed in Schedule XIV to the Companies Act, 1956.

3. Additional information pursuant to the provision of Schedule VI to the Companies Act, 1956.

4. No other information under clause 4-D of Part-II to the Schedule VI has been furnished since the same is not applicabie for the year.

5. Figures for previous year have been regrouped and rearranged wherever necessary.


Mar 31, 2009

31.03.2009 31.03.2009

1.Contingent Liabilities : Claims against the Company not acknowledged as dent.

Income Tax demand 28,46.020

2.Depreciation has been provided on written down value method at rates and the manner prescribed in Schedule XIV to the Companies Act, 1956.

3.Additional information pursuant to the provision of Schedule VI to the Companies Act, 1956.

4. Figures for previous year have been regrouped and rearranged wherever necessary.


Mar 31, 2004

1. Depreciation has been provided on written down value method at rates and the manner prescribed in Schedule XIV to the Companies Act, 1956.

2. Additional information pursuant to the provision of Schedule VI to the Companies Act, 1956.

3. No other information under clause 4-D of Part-ll to the schedule VI has been furnished since the same is not applicable for the year.

4. Transaction with Related Parties : (As identified by the Directors and taken on record by the Board)

a) Name of Related party and nature of related partys relationship where control exist None

b) Transaction between related parties None

5. Figures for previous year have been regrouped and rearranged wherever neccessary.



 
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