Notes to Accounts of Apex Capital And Finance Ltd.

Mar 31, 2024

L Provisions and Contingent Liabilities

A Provision is recognised when the Company has a present obligation as a result of past event, it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not discounted to its present value and are determined
based on the best estimate required to settle the obligation at the Balance Sheet date and adjusted to
reflect the current best estimates.

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognised because it is not probable that
an outflow of resources will be required to settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that can not be measured reliably. The Company does
not recognise a contingent liability but disclose its existence in the financial statements.

Contingent assets are not recognised in the Financial Statements

M Revenue Recognition

I Interest Income

Interest Income is recognised on accrual System of accounting on a time proportion basis using
Effective Interest Rate (EIR) on Financial Assets subsequently measured at amortised cost or fair
market value through other comprehensive income. The Company recognises Interest Income by
applying the EIR to the Gross Carrying amount of Financial assets other than credit impaired assets. In
case of Credit Impaired Financial assets, the Company recognises interest income on the amortised
cost net of impairment loss of the Financial assets at EIR. If the Financial asset is no longer credit -
impaired, the Company reverts to calculating interest income on a gross basis.

The Company recognises income on recoveries of financial assets written off on realisation or when
the right to receive the same without any uncertainties of recovery is established.

II Expenditures

Borrowing Cost on Financial liabilities are recognised using the EIR

A. Basis for segmentation

An operating segment is a component of the Company that engages in business activities from which it
may earn revenues and incur expenses that relate to transaction with any of the Company''s other
components and for which discrete financial information is available. The Company''s Board of Directors
have been identified as the Chief Operating Decision Maker ("CODM"}. Since they are responsible for all
major decisions with respect to the preparation and execution of business plan. All operating segment''s
operating results are reviewed regularly by the Company''s Board of Directors to assess the performance of
resources and make decisions.

The Company is primarily engaged in the business of Financing which as per Ind AS 108 on Operating
Segment "is considered to be the only reportable business segment. The Company is operating in India
which is considered as a single geographical segment.

B. Entity wide disclosures

(a) Information about product and services: The company primarily deals in one business namely
"Financing", therefore product wise revenue disclosure is not applicable

(b) Information about geographical areas: The Company provides services to customers which are
domiciled in India. All the assets are located in India and hence there are no separate geographical
areas

(c) Major Customer: The Company is primarily engaged in the business of "Financing" and there are no
customers who are required to to be disclosed under major customer category.

Note No.- 30

Previous year figures have been regrouped/ rearranged wherever necessary.

The accompanying Notes 1 to 30 forms an Integral part of the Financial Statements
Audit Report :-

As per our separate report of even date attached.

For MAHESH KUMAR & COMPANY For and on behalf of the Board of Directors

Chartered Accountants
FRN - 09668N

(Shekhar Singh) (Sumit Choudhary)

(CA Mahesh Kumar) Managing Director Director

Proprietor DIN - 00039567 DIN - 02586702

Membership No. - 088236

UDIN-24088236BKABPQ4799 (Saraswati Bhandari) (Phul Jha)

Chief Financial Officer Company Secretary

Place: - New Delhi PAN-: BFFPB-1093-D M. No: ACS 20850

Date: 14th May, 2024

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Mar 31, 2018

1 Corporate Information

Apex Home Finance Limited (referred to as "AHFL" or "the Company") is regi stered as a Non-Deposit Accepting Non-Banking Finance Company (NBFC) with Reserve Bank of India. The Company currently holds a valid registration Certificate issued by the Reserve Bank of India vide Registration number B-14.00473 dated May 06, 2002.The main business of the Company is lending/advancing of short term and /or long term finance to any individual, firm, company, bodies corporate, corporation, society etc. whether at interest or without interest and with or without security.

Note No. - 2

In the opinion of the Board all the assets have value on realization at least equal to the amount at which it has been stated.

Note No. - 3 Segment Reporting

The Company operates in a single reportable segment i.e. financing, which has similar risks and returns for the purpose of AS 17 on ‘Segment Reporting’ specified under section 133 of the Companies Act 2013, read with rule 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. The Company operates in a single geographical segment i.e. domestic.

Note No. - 4

Dues to Micro and Small Enterprises

There are no amounts that need to be disclosed pertaining to Micro Small and Medium Enterprise Development Act, 2006 (the ‘MSMED’). As at 31 March 2018, no supplier has intimated the Company about its status as Micro or Small Enterprises or its registration with the appropriate authority under the MSMED.

Note No. - 5 Earning Per Share ( EPS )

In accordance with the Accounting Standard 20 as issued by the Institute of Chartered Accountants of India on ‘ Earning Per Share’, the Basic Earning Per Share and Diluted Earning Per Share has been computed by dividing the Profit After Tax by the number of equity shares for the respective years as follows:

Note No. - 6

Consequent to the notification of Schedule III under the Companies Act, 2013, the financial statements for the year ended 31st March, 2018 are prepared as per Schedule III. Further, previous year figures have been regrouped/ rearranged wherever necessary