Mar 31, 2015
1. Background
Balaji Commercials Limited is a company incorporated on 22nd July 1985
under Companies Act, 1956 The Company is a Non Banking Finance Company
duly registered with Reserve Bank of India under section 45 -1A of
Reserve Bank of India Act, 1934. The Company was incorporated to carry
on business of financing, trading in shares & securities and
Investment. Company name has been changed from Balaji Commercial
Limited to BCL Enterprises Limited on dated 24th December 2013 as fresh
Certificate issued by the Registrar of Companies, National Capital
Territory of Delhi & Haryana. Companies Registered office has been also
changed from 5/5761, Dev Nagar, Karol Bagh, New Delhi-110005 to 510,
Arunachal Building, 19 Barakhamba Road, New Delhi-110001 on dated 10th
January 2014.
2. The Company has no Sub-Standard, Doubtful or loss Assets,
Therefore provision's required as per Regulation 7 and 8 of NBFC
Prudential Norms (reserve Bank) Directions, 1998 are not applicable to
the Company.
3. In our opinion the Board and to the best of their knowledge, the
value of the current Assets, Loans & Advances in the ordinary course of
business would not be less than the amount at which they are stated in
the balance sheet.
4. Related party disclosures
(I) Particulars of Wholly Owned Subsidiary of the Company
A. Paavak Infrastructure Limited
B. BCL Developers Limited
C. Harit Tradelink Limited (Ceased to be subsidiary of the Company
w.e.f. 30th June 2014)
D. Danta Tradelink Limited (Ceased to be subsidiary of the Company
w.e.f. 30th June 2014)
E. Kalkin Propbuild Limited (Ceased to be subsidiary of the Company
w.e.f. 30th June 2014)
(II) Key Managerial Personnel
Mr. Mahendra Kumar Sharda- Managing Director
Mr. Kishore Kargeti - Chief Financial Officer
Mr. Anuj Rastogi- Company Secretary & Compliance Officer
5. Segment reporting
In the opinion of the management, there is only one reportable business
segment (Loan Financing) as envisaged by AS 17 'Segment Reporting',
prescribed by the Companies (Accounting Standards) Rules, 2006.
Accordingly, no separate disclosure for segment reporting is required
to be made in the Financial statements of the Company.
Secondary segmentation based on geography has not been presented as the
Company operates primarily in India and the Company perceives that
there is no significant difference in its risk and returns in operating
from different geographic areas within India.
6. Previous year figures have been re-grouped or re-arranged, wherever
found necessary to make them comparable with current year figures and
are rounded off the nearest rupee.
Mar 31, 2012
1. Background
Balaji Commercials Limited is a company incorporated on 22nd July 1985
under Companies Act, 1956 The Company is a Non Banking Finance Company
duly registered with Reserve Bank of India under section 45 -1A of
Reserve Bank of India Act, 1934. The Company was incorporated to carry
on business of financing, trading in shares & securities and Investment
2. The Company has no Sub-Standard. Doubtful or loss Assets, Therefore
provision's required as per Regulation 7 and 8 of NBFC Prudential Norms
(reserve Bank) DirectionS, 1998 are not applicable to the Company.
3. In our opinion the Board and to the best of their knowledge, the
value of the current Assets, Loans & Advances in the ordinary course of
business would not be less than the amount at which they are stated in
the balance sheet.
4. Segment reporting
in the opinion of the management, there is only one reportable business
segment (Loan Financing) as Envisaged By AS 17 'Segment Reporting',
prescribed by the Companies (Accounting Standards) Rules. 2006.
Accordingly, no separate disclosure for segment reporting is required
to be made in the financial statements of the Company.
Secondary segmentation based on geography has not been presented as the
Company operates primarily in India and the Company perceives that
there is no significant difference in its risk and returns in operating
from different geographic areas within India.
5. Previous year figures have been re-grouped or re-arranged, wherever
found necessary to make them Comparable with current year figures and
are rounded off the nearest rupee.
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