Mar 31, 2016
Additional Information
1. SEGMENT INFORMATION (AS-17)
i. The Company''s business segments are identified around products in which company deals.
ii. The accounting policies used in the preparation of the financial statements of the Company are also applied for segment reporting.
iii. Segment revenues, expenses, assets and liabilities are those, which are directly attributable to the segment or allocated on an appropriate basis. Corporate and other revenues, expenses, assets and liabilities to the extent not allocable to segments are disclosed in the reconciliation of reportable segments with the financial statements.
iv. The Company has operated in one segment only during the year under review thus Segmental Report is not applicable to the Company.
2. Related Party Disclosures:
Related party disclosures, as required by AS - 18, "Related Party Disclosures" are given below:
A. Director
Mr. Mahendrasingh B. Rao - Managing Director
Mr. Raj Kumar Mishra - Additional Director
Mr. Binay Bahety - Independent Director
Mr. Ramesh Kr. Saraswat - Independent Director
Mr. Nirmal Kr. Poddar - Independent Director
B. Relationship
i. Related Parties with common control exists
Name of the Companies where the directors can exercise the control
ii. Key Managerial Personnel
Mr. Mahendrasingh B. Rao - Managing Director
Mr. Anup Kr. Behera - Chief Financial Officer
Mr. Sarad Ashok Kajaria - Company Secretary
iii. Transactions with related parties
During the year under consideration no transactions with related party were entered into.
In view of the management there are no contingent liabilities and commitments against the Company.
3. The company has complied with AS-22 on accounting for taxes on Income issued by ICAI accordingly Deferred Tax Liabilities has been recognized by way of charge to Statement of Profit & Loss.
4. Number of employees whose aggregate remuneration were not more than Rs.60,00,000/- per annum or Rs.5,00,000/- per month - Nil(Nil).
5. As required in terms of paragraph 9BB of Non-Banking Financial Companies prudential norms (Reserve Bank) guidelines 1998, schedule is annexed to Balance Sheet.
6. During the year the company has transferred Rs.69,013/- (P.Y Rs.3,02,412/-) to Special Reserve account u/s 45 IC of the RBI Act, 1934 for the year ended 31st March, 2015
7. During the year the company has made a provision of Rs.2,12,238/- on Standard Assets as per NBFC prudential norms under notification number DNBS 222cgm (us) 2011 and DNBS 223 cgm (us) 2011 dated January 17, 2011.
8. Based on the guideline principles given in AS-17 the company is engaged in only investment activities and thus deals in a single primary segment.
9. The company has not entered into any transaction to be disclosed under the heading related party disclosure as per AS 18 issued by ICAI.
10. No provision has been made for the diminution in value of long term investment being temporary in nature.
11. In the opinion of the Board, the Current Assets, Sundry Debtors, Sundry Creditors, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Financial Statements. The balances thereof are as per Books of Accounts only.
12. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year-end together with interest paid/payable as required under the said Act have not been made.
13. Events Occurring after Balance Sheet Date, No significant events which could affect the financial position as on March 31, 2016, to a material extent have been reported by the management, after the balance sheet date till the signing of the report.
14. Previous year''s figures have been grouped/regrouped, arranged/rearranged wherever necessary to make them comparable.
15. Figures have been rounded off to the nearest rupees.
Mar 31, 2015
1. Terms/Rights attached to Equity Shares :
The company has only one class of Equity Share having a par value of
Rs. 10/- per share. Each holder of Equity Share is entitled to one vote
per Share.
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of preferential amounts. The distribution will be in
proportions to the number of equity shares held by the shareholders.
Additional Disclosure
2. The company has complied with AS-22 on accounting for taxes on
Income issued by ICAI accordingly Deferred Tax Liabilities has been
recognised by way of charge to Statement of Profit & Loss.
3. Number of employees whose aggregate remuneration were not more than
Rs. 60.00 Lac per annum - Nil.
4. As required in terms of paragraph 9BB of Non Banking Financial
Companies prudential norms(Reserve Bank) guidelines 1998, schedule is
annexed to Balance Sheet.
5. During the year the company has transferred Rs. 3,02,412/- (PY Rs.
1,83,967/-) to Special Reserve account u/s 45 IC of the RBI Act, 1934
for the year ended 31st March, 2015
6. During the year the company has reversed provision of Rs. 28,224/-
on Standard Assets as per NBFC
7. Based on the guideline principles given in AS-17 the company is
engaged in only investment activities and thus deals in a single
primary segment.
8. The company has not entered into any transaction to be disclosed
under the heading related party disclosure as per AS 18 issued by ICAI.
9. No provision has been made for the diminution in value of long term
investment being temporary in nature.
10. Previous year figures have been re-grouped and/or re-arranged
whenever considered necessary
11. Figures have been rounded off to the nearest rupees.
35 The Company has not received any intimation from suppliers regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosure, if any, relating to amount unpaid as at
the year end together with interest paid/payable as required under the
said act, have not been given.
12. Events Occurring after Balance Sheet Date
No significant events which could effect the financial position as on
March 31, 2015, to a material extent have been reported by the
management, after the balance sheet date till the signing of the
report.
Mar 31, 2014
1. Terms/rights attached to equity shares :
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
In the event of liquidation of the company, the holders of equity
shares will he entitled to receive remaining assets of the company,
after distribution of preferential amounts. The distribution will be in
proportions to the number of equity shares held by the shareholders.
2. The company has complied with AS-22 on accounting for taxes on
Income issued by ICAI accordingly Deferred Tax Liabilities has been
recognised by way of charge to Statement of Profit & Loss.
3. The Company has issued the Bonus Share in Ratio of 1:1 of Equity
Shares
4. Number of employees whose aggregate remuneration were not more than
Rs. 60,00,000 per annum or Rs. 5,00,000 per month - N il (Nil)
5. As required in terms of paragraph 9BB of Non Banking Financial
Companies prudential norms (Reserve Bank) guidelines 1998, schedule is
annexed to Balance Sheet.
6. During the year the company has transferred Rs. 1,83,962, (P.Y Rs.
27,575,) to Special Reserve account u/s 45 IC of the RBI Act, 1934 for
the year ended 31st March, 2014
7. During the year the company has made a provision of Rs. 1,50,230,
on Standard Assets as per NBFC prudential norms under notification
number DNBS 222cgm (us) 2011 and DNBS 223 cgm (us) 2011 dated January
17,2011.
8. Based on the guideline principles given in AS-17 the company is
engaged in only investment activities and thus deals in a single
primary segment.
9. The company has not entered into any transaction to be disclosed
under the heading related party disclosure as per AS 18 issued by ICAI.
10. No provision has been made for the diminution in value of long
term investment being temporary in nature.
11. Previous year figures have been re-grouped and/or re-arranged
whenever considered necessary.
12. Figures have been rounded off to the nearest rupees.
Mar 31, 2013
1 Terms/rights attached to equity shares :
The company has only one class of equit shares having a psr value of 10
per share Each holder of equity shares is entitled to one vote per
share
in the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the
Preferential amounts. The distribution will be in proportions to the
number of equity shares held by the shareholders
2 The company has complied with AS-22 on accounting for taxes on
Income issued by ICAI accordingly Deferred Tax Liabilities has been
recognised by way of charge to Statement of Profit & Loss.
3 Number of employees whose aggregate remuneration were not more than
Rs 60,00,000 per annum or Rs 5,00,000 per month - Nil(Nii).
4 As required in terms of paragraph 9BB of Non Banking Financial
Companies prudential norms(Reserve Bank) guidelines 1998, schedule is
annexed to Balance Sheet.
5 During the year the company has transferred Rs 27,575, (P.Y Rs
13,390,) to Special Reserve account u/s 451 C of the RBI Act, 1934 for
the year ended 31st March, 2012
6 During the year the company has made a provision of Rs 33,662 on
Standard Assets as per NBFC prudential norms under notification number
DNBS 222cgm (us) 2011 and DNBS 223 cgm (us) 2011 dated January 17,
2011.
7 Based on the guideline principles given in AS-17 the company is
engaged in only investment activities arid thus deals in a single
primary segment
8 The company has not entered into any transaction to be disclosed
under the heading related party disclosure as per AS 18 issued by ICAI.
9 No provision has been made for the diminution in value of long term
investment being temporary in nature.
10 Previous year figures have been re-grouped and/or re-arranged
whenever considered necessary.
Mar 31, 2011
1. The company has complied with AS - 22 on accounting for taxes on
Income issued by ICAI accordingly Deferred Tax Liabilities has been
recognized by way of charge to Profit & Loss Account.
2. Number of employees whose aggregate remuneration were not more than
Rs. 60,00,000/- per annum or Rs. 5,00,000/- per month - NIL (NIL)
3. Previous years figure have been rearranged/regrouped wherever,
considered necessary
4. During the year the company has transferred Rs. 9,576 (P.Y Rs.
41,646) to Special Reserve Account US 45IC of the RBI Act, 1934 for the
year ended 31st March, 2011.
5. During the year the company has made a provision of Rs. 85,315 on
Standard Assets as per
NBFC norms under notification number DNBS 222 CGM (US) 2011 and DNBS
223 CGM (US) 2011 dated January 17, 2011.
6. Additional information pursuant to part IV of schedule VI is as per
annexure I.
7. The company operates in a single business segment and hence no
further disclosure is being made.
8. No provision has been made for the diminution in value of long
term investment being temporary in nature..
9. Segment Reporting
Based on the guideline principles given in as 17 the co. is engaged in
only investment activities and thus deals in a single primary segment
10. The company has not entered into any transaction to be disclosed
under the heading related party disclosure as per as 18 issued by ICAI.
11. Schedule as required in terms of paragraph 9bb of non banking
financial companies Prudential norms (Reserve Bank) guidelines 1998 are
enclosed as per annexure ii.
12. Schedule referred to herein above are integral part of balance
sheet & Profit & Loss Account have been duly authenticated.