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Tirupati Finlease Ltd. Notes to Accounts, Tirupati Finlease Ltd. Company
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Notes to Accounts of Tirupati Finlease Ltd.

Mar 31, 2014

DEFERREED TAX :

As Per Accounting Standard 22 "Accounting For taxes On Income" Deferred tax assets/Liabilities should be Measured for all timing differences. But Deferred tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax. assets. In case there is no future sufficient income, Deferred tax assets/Liabilities should be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings. So We have Not Calculate the Deferred Tax Assets or Liability in Current Year. The Deferred tax Liability Will be settled in the year in which Profit will be available

a) Other Notes

1 The valuation of closing stock has been taken, valued and certified by the Management.

2 The balances in respect of Sundry Debtors, Sundry Creditors, Unsecured Loans, Loans & advances etc. are subject to confirmation.

3 Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

4 Particulars of Licensed and Installed Capacity and Actual Production

The Company is dealing in shares & securities, Hence it is not applicable

5 Earnings In Foreign Currency : NIL Expenditure In Foreign Currency : NIL

6 In response to the notification no 129(E) at 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount exceeding Rs. 1 lakh due to them as on balance sheet date are not applicable. As the company is doing activities of trading of Shares and Securities.

7 The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.


Mar 31, 2013

1 Corporate information

The Business of our Company is TRADING & INVESTMENT IN SHARES & SECURITIES & FINANCE having principal place of business at B/10 MADHAVPURA MARKET, SHAHIBAUG.AHMEDABAD.

2. Sales and Purchase of shares are accounted on the basis of the transaction made at national,bombay and ahmedabad stock exchange of the completed valans.

3. All debit and credit balances and accounts squared up during the year are subject to confirmation from respective parties.

4. In the opinion of the Board of Directors, Current Assets, loans & Advances are approximately of the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business.

5. Break up of the accumulated deferred tax liabilitv/assets:

As Per Accounting Standard 22 "Accounting For taxes On Income" Defered tax assets/Liabilities should be Measured for all timing differences.But Deffered tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax assets In case there is no future sufficient income, Deferred tax assets/Liabilities shold be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings.So We have Not Calculate the Deffered Tax Assets or Liability in Current Year The Deffered tax Liability Will bo setteled in the year in which Profit will be available

6. Other Notes

a. The valuation of closing stock has been taken, valued and certified by the Management.

b. The balances in respect of Sundry Debtors, Sundry Creditors. Unsecured Loans, Loans & advances etc. are subject to confirmation.

c. Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

7. Related Party Disclosure -AS-18

Description of relationship Names of related parties

Key Management Personnel BAJARANGLAL B AGRAWAL (DIRECTOR)

PUSHPA B AGRAWAL (DIRECTOR)

VITTU AGRAWAL (DIRECTOR)

Relatives Of Key Management Personnel BAJARANGLAL B AGRAWAL

PUSHPABEN BAGRAWAL

RAJENDRA SALES AGENCY

VITTU AGRAWAL

JENITA VITTU AGRAWAL

KALPESH AGRAWAL

NEELAM AGRAWAL

REENA AGRAWAL

HEMLATA AGRAWAL

BAJARANGLAL B AGRAWAL (HUF)

Company in which KMP / Relatives of KMP can exercise significant influence

8. Particulars of Licenced and Installed Capacity and Actual Production

The Company is dealing in shares & securities,Hence it is not applicable

9. Earnings In Foreign Currency : NIL

Expenditure In Foreign Currency : NIL

10. In response to the notification no 129(E) dt 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount excedding Rs 1 lakh due to them as on balance sheet date are not applicable.As the company is doing activities of trading of Shares and Securities.

11. The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.


Mar 31, 2012

1 Corporate information

The Business of our Company is TRADING & INVESTMENT IN SHARES & SECURITIES & FINANCE having principal place of business at B/10 MADHAVPURA MARKET, SHAHIBAUG,AHMEDABAD.

2. a) Sales and Purchase of shares are accounted on the basis of the transaction made at national,bombay and ahmedabad stock exchange of the completed valans.

b) All debit and credit balances and accounts squared up during the year are subject to confirmation from respective parties.

c) In the opinion of the Board of Directors, Current Assets, loans & Advances are approximately of the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business

d) Break up of the accumulated deferred tax liabilitv/assets:

PEFERREED TAX :

As Per Accounting Standard 22 "Accounting For taxes On Income" Defered tax assets/Uabilities should be Measured for all timing differences.But Deffered tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax. assets.In case there is no future sufficient income, Deferred tax assets/Uabilities shold be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings.So We have Not Calculate the Deffered Tax Assets or Liability in Current Year.The Deffered tax Liability Will be setteled in the year in which Profit will be available

f) Other Notes

3. The valuation of closing stock has been taken, valued and certified by the Management.

4. The balances in respect of Sundry Debtors, Sundry Creditors, Unsecured Loans, Loans & advances etc. are subject to confirmation.

5. Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

6. Particulars of Licenced and Installed Capacity and Actual Production

The Company is dealing in shares & securities,Hence it is not applicable

7. Earnings In Foreign Currency : NIL Expenditure In Foreign Currency : NIL

8. In response to the notification no 129(E) dt 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount excedding Rs. 1 lakh due to them as on balance sheet date are not applicable.As the company is doing activities of trading of Shares and Securities.

9. The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.

 
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