Notes to Accounts of BFL Asset Finvest Ltd.

Mar 31, 2019

1. In the opinion of the Board of Directors, Current Assets, Loans & Advances, have a value on realization in ordinary course of business at least to the amount at which they are stated.

2. Balances standing to the debit or credit of Sundry Debtors, Sundry Creditors, Unsecured Loans and Loans and Advances are subject to their confirmation.

3. There is no outstanding payment due to the S.S.I. units.

4. Previous year’s figures have been re-grouped and re-arranged wherever doing so was considered necessary.

5. Details of Auditor’s Remuneration

Current Year Previous Year

Statutory & Tax Audit fee Rs. 22,000/- Rs. 20,000/

Income-tax and allied works Rs. 5,500/- Rs. 5,000/

6. Related party disclosure is in compliance with AS18 of I.C.A.I Related Parties Key Management Personnel:

(1) Mr. Mahendra Kumar Baid (Managing Director)

(2) Mrs. Sobhag Devi Baid (Director)

(3) Mr. Ravi Bohra (Chief Financial Officer)

(4)Ms. Surbhi Rawat (Company Secretary)

Associates

Baid Leasing and Finance Co. Ltd.

Transaction ‘Executed in normal course of business at arm’s length price.

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Mar 31, 2018

1. In the opinion of the Board of Directors, Current Assets, Loans & Advances, have a value on realization in ordinary course of business at least to the amount at which they are slated.

2. Balances standing to the debit or credit of Sundry Debtors, Sundry Creditors, Unsecured Loans and Loans and Advances are subject to their confirmation.

3. There is no outstanding payment due to the S.S.I. units.

4. Previous year’s figures have been re-grouped and re-arranged wherever doing so was considered necessary.

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Mar 31, 2015

1. In the opinion of the Board of Directors, Current Assets, Loans & Advances, have a value on realization in ordinary course of business at least to the amount at which they are stated.

2. Balances standing to the debit or credit of sundry debtors, sundry creditors, unsecured loans and loans and advances are subject to their confirmation.

3. There is no outstanding payment due to the S.S.I. units.

4. Previous year's figures have been re-grouped and re-arranged wherever doing so was considered necessary.

5. No remuneration has been paid to the directors during current year as well as its previous year.

6. Related party disclosure in compliance to AS18 of I.C.A.I

Related Parties

Key Management Personnel: (1) Mahendra Kumar Baid (Managing Director)

(2) Sobhag Devi Baid (Director)

(3) Aditya Baid (Chief Financial Officer)

(4) Harshita Maheshwari (Company Secretary)

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Mar 31, 2014

1. In the opinion of the Board of Directors, Current Assets, Loans & Advances, have a value on realization in ordinary course of business at least to the amount at which they are stated.

2. Balances standing to the debit or credit of sundry debtors, sundry creditors, unsecured loans and loans and advances are subject to their confirmation.

3. There is no outstanding payment due to the S.S.I, units.

4. As on the date of last concluded A.G.M., none of the shareholders holds more than 5% of company's equity

5. Previous year's figures have been re-grouped and re-arranged wherever doing so was considered necessary.

6. RELATED PARTY DISCLOSURE IN COMPLIANCE TO AS18 OF I.C.A.I

RELATED PARTIES KEY MANAGEMENT PERSONNELS:

(1) Mahendra Kumar Baid (Managing Director)

(2) Sobhag Devi Baid (Director) There has not been any transaction during the year with the related parties.

7. Schedule 1 to 17 form an integral part of the balance sheet and profit and loss account.

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Mar 31, 2013

1. In the opinion of the Board of Directors, Current Assets, Loans & Advances, have a value on realization in ordinary course of business at least to the amount at which they are stated.

2. Balances standing to the debit or credit of sundry debtors, sundry creditors. unsecured loans and loans and advances are subject to their confirmation-

3. There is no outstanding payment due to the S.S.I, units.

4. All Trade Receivables are from unrelated parties. It includes Rs. 134/- that is outstanding for more than 6 months period.

5. As on the date of last concluded A.G.M., none of the shareholders holds more than 5% of company's equity

6. Previous year's figures have been re-grouped and re-arranged wherever doing so was considered necessary.

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Mar 31, 2012

1. In the opinion of the Board of Directors/current Assets, Loans & Advances, have a value on realization in ordinary course of business least to the amount at which they are stated.

2. Balances Standing to the debit or credit of sundry debtors, sundry creditors, unsecured loans and loans and advances are subject to their confirmation.

3. There is no outstanding payment due to the S.S.I, units.

4. As on the date of last concluded A.G.M., none of the shareholders holds more than 5% of company's equity

5. Previous year's figures have been re-grouped and re-arranged wherever doing SO was considered necessary.

6profit and loss account.

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Mar 31, 2011

1) Director's Remuneration

31-03-2011 (Rs.) 31-03-2010(Rs.)

Salary &Allowance Nil Nil

2) In the opinion of the Board of Directors, Current Assets lining Advances have a value on realization in ordinary course Business to the amount at which they are stated

3). Balances standing to the debit or credit of sundry debtors, sundry creditors, unsecured loans and loans and advances are subject to their confirmation.

4). There is no outstanding payment due to the S.S.I, units.

b). Previous year's figures have been re-grouped and re-arranged wherever doing so was considered necessary

REATED PARTY DISCLOSURE IN COMPLIANCE TO AS18 OF I.C.A.I RELATED PARTIES

(A) KE-.Y MANAGEMENT PERSONNELS. (1) Mahendra Kumar Baid (Managing Director)

(2) Sobhag Devi Baid (Director)

(B) ASSOCIATE CONCERNS (Where relative of Key Management Personnel are proprietor or director)

(1) Baid Leasing & Fin Co Ltd (2| Carewell Builders P. Ltd

(3) Tradeswift Developers Pvt Ltd

(4) Baid Finance Co

(6) Tradeswift Comdex P Ltd

(7) Tradeswift Derivatives P Ltd (8} Baid Finance

(8) Baid Finance