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Notes to Accounts of Yamini Investments Company Ltd.

Mar 31, 2015

1. Basis of preparation

The financial statements have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) in India. Indian GAAP comprises mandatory accounting standards as specified under the section 133 of the Companies Act, 2013 read with Rule 7 of Companies (Accounts) Rules, 2014 and other accounting pronouncements of the Institute of Chartered Accountants of India.

The financial statements have been prepared on accrual basis and under the historical cost convention. The accounting policies not specifically referred, are consistently applied from the past accounting periods.

2. During the year the company has Amalgamated/Merged with 'Anax Com Trade Limited' and 'Fidelo Power and Infrastructure Limited' (hereinafter collectively called as Transferor companies) under the scheme approved by Hon'ble Bombay High Court vide order dated 16.05.2014. The transfer took place with effect from 1st April 2014 related to all assets, liabilities, revenue and expenses of transferor companies. Relevant disclosure pursuant to such scheme is as under: -

a. Nature of Amalgamation: -

The scheme of amalgamation is in the nature of merger as per Accounting Standard- 14, since all assets and liabilities of transferor companies have been transferred at their book value into the company. Similarly, Equity Shareholders of transferor companies have become Equity Shareholders in the company.

Under the scheme, the members of 'Anax Com trade Limited' have been allotted 8 equity shares of the company for every 10 equity shares held by them.

Similarly the members of 'Fidelo Power and Infrastructure Limited' have been allotted 8 shares of the company for every 10 shares held by them.

3. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

4. Provisions of Accounting Standard (AS) – 17 on 'Segment Reporting' are not been applicable to the Company.

5. Deferred Tax Assets and Liabilities are recognised in respect of current year and prospective years. Deferred Tax Asset is recognised on the basis of reasonable / virtual certainty that sufficient future taxable income will be available against which the same can be realized.

6. In the opinion of the management, the current assets, loans and advances have a realizable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.

7. Particulars Current Period Previous Year (Rs.) (Rs.)

Contingent Liability not provided for Nil Nil

8. Previous Year's Figures have been re-arranged or re-grouped wherever considered necessary.

9. Figures have been rounded off to the nearest rupees.

10. Figures in brackets indicate negative (-) figures.


Mar 31, 2014

1. Terms and rights attached to equity shares

The company has Issued only one class of equity share having a par value of Its. 10 per share. Each holder of equity shares Is entitled to vote per share. The company declares and pays dividend If any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to 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 entitiled to receive remaining assets of the company, after distribution of all the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under Companies (Accounting Standards) Rules, 2006 (as amended from time to time) and the relevant provisions of the Companies Act, 1956.

The financial statements have been prepared on accrual basis and under the historical cost convention. The accounting policies not specifically referred, are consistently applied from the past accounting periods.

3. There is no Micro, Small and Medium Enterprises as defined under Micro, Small 6 Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

4. Provisions of Accounting Standard (AS) - 17 issued by the ICAI on ''Segment Reporting'' are not been applicable to the Company.

5. In view of present uncertainty regarding generation of sufficient future income, net deferred tax asset or liability has not been recognized in these accounts on prudent basis.

5. In the opinion of the management, the current assets, loans and advances have a relaisable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.

6. Related party disclosures/ transactions

There is no transaction entered with the related party covered by the Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the period covered by these financial statements.

7. Balance shown under head Sundry Debtors, Creditors and Advances are subject to confirmation.

8. Particulars Current Period Previous Year (Rs.) (Rs.)

Earnings/ Remittances and/ Nil Nil or Expenditure in Foreign Currency

9. Quantitive Information in respect of Opening Stock, Purchases, Sales and Closing Stock pursuant to Schedule VI of the Companies Act, 1956 are as per list attached.

10. Particulars Current Period Previous Year (Rs.) (Rs.)

Contingent Liability not Nil Nil provided for

11. Previous Year''s Figures have been re- arranged or re- grouped wherever considered necessary.

12. Figures have been rounded off to the nearest rupees.

13. Figures in brackets indicate negative (-) figures.


Mar 31, 2013

1. Basis of preparation

The financial statements of the company have been prepared In :ordinate with generally accepted accounting principles (Indian GAAP), The company has eared these financial statements to comply In all material respects with the accounting standards notified under Companies (Accounting Standards} Rules, 2006 (as amended from time time) and the relevant provisions of the Companies Act, 1956.

The financial statements have been prepared on accrual basis and Term two historical cost convention. The accounting policies not specifically referred, are concisely applied from the past accounting periods.

2. There is no Micro. Small and Medium Enterprises as defined under Vencor. Small 6 Medium Enterprise* Development Act, 2006 to which Company owes dues * ten are outstanding for a period more than 45 days as on Balance Sheet Date.

The above Information regarding Micro, Small and Medium Enterers * has teen determined on the basis of information availed with the Company and has en duly relied by the auditors of the Company.

3. Provisions of Accounting Standard (AS) 17 Issued by the ICAI on germen-. Reporting'' are not been applicable to the Company.

4. in view of present uncertainty regarding generation of suffice t future Income, net deferred tax asset or liability has not been recognized in these back its on prudent basis.

5. In the opinion of the management, the current assets, loans and at inches have a retaliated value In the ordinary course of business Is not less than the an junta at which they are stated In the Balance Sheet.

6. Related party disclosures/ transactions

There is no transaction entered with the related party covered by e Accounting Standard (AS) - 18 on ''Related Party Disclosure'' during the period cove. and by these financial statements.

7. Balance shown under head Sundry Debtors, Creditors and At inches ire subject to confirmation.

8. Quantities Information In respect of Opening Stock. Purchases, les and Closing Stock pursuant to Schedule VI of the Companies Act. 1956 are as per list a ached.

9. Previous Year''s Figures have been re- arranged or re- grouper wherever considered necessary.

10. Figures have been rounded off to the nearest rupees.

11. Figures In brackets in state negative {-) figures.


Mar 31, 2012

1 The Company is engaged primarily in the business of financing and accordingly there are no separate reportable segments under Accounting Standard - 17 dealing with Segment Reporting

2 In the opinion of the Board of Directors. Current Assets, Loans & Advances have the value at least equal to the value at which they are stated in the Balance Sheet if realized, in the ordinary course of business.

3 Figures of the previous year have been regrouped / rearranged / reclassified wherever necessary.

 
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