Mar 31, 2015
1. CONTINGENT LIABILITY :
The Company has received excess refund of income tax amounting to Rs.
194668/- on A/c of excess credit of TDS for A.Y. 2006-07, which has
been shown as current liabilities.
2. PROVISION FOR NPA :
In accordance with the guidelines issued by the RBI, the provision of
NPA for current year is Rs. NIL.
3. Margin money on account of Leased & Hire Purchase assets represent
difference between the purchase value of leased / hire purchase assets
and money advanced as loans.
4. The company has been granted certificate of Registration as
provided in section 45 IA of the RBI Act 1934 issued on 1-9-1999 but
the same is not valid for accepting deposits.
5. No employee is in employment of the Company throughout the
financial year for a remuneration which in aggregate exceeded Rs.
60,00,000/- per annum or employed for remuneration which in aggregate
exceeded Rs. 5,00,000/- per month, if employed for part of the year.
6. The Company's operations predominantely comprise only of one
segment i.e. financial services which include hire purchase, lease,
interest on ICD, loans and advances and hence the figures shown are
related to only that segment.
(i) DILUTED EARNING PER SHARE :
Diluted earning per share is same as Basic Earning per share as the
Company does not have any potential equity shares as defined under
AS-20 "Earning Per share" issued by ICAI.
7. Related parties disclosures :
1. Relationship :
(a) Key management personal :
Shri L.S. Karnawat - Chairman
Shri Kailash Karnawat - Managing Director
(b) Other related parties where control exists :
Pathik Hotel & Motel Ltd.
Karnawat Hire Purchase Pvt. Ltd.
Circle View Estate Pvt. Ltd.
Nakul Builders & Developers Pvt. Ltd.
Vardhman Fincon Pvt. Ltd.
Karnawat Brothers
Sampat Automobiles
Kailash Karnawat & Family (HUF)
Laxman Singh Karnawat & Sons (HUF)
Pushpa Devi Karnawat
(c) Relatives of key management personnel and their enterprises where
transaction have taken place :
M/s Kailash Karnawat & Family (HUF)
Mrs. Pushpa Devi Karnawat
M/s Sampat Automobiles
Note : Related party relationship is as identified by the Company and
relied upon by the Auditors.
2. Transaction carried out with related parties in 1 above in ordinary
course of business of the Company.
8. Disclosure as required under Circular No. Ref. DBS. FID. No. C-2 /
01-02-00 / 2003- 04, dt. 10-07-2003 has not been made.
Mar 31, 2014
1. CONTINGENT LIABILITY:
The Company has received excess refund of income tax amounting to Rs.
194668/- on A/c of excess credit of TDS for A.Y. 2006-07, which has
been shown as current liabilities.
2. PROVISION FOR NPA:
In accordance with the guidelines issued by the RBI, the provision of
NPA for current year is Rs. NIL.
3. Margin money on account of Leased & Hire Purchase assets represent
difference between the purchase value of leased/hire purchase assets
and money advanced as loans.
4. The company has been granted certificate of Registration as provided
in section 45 IA of the RBI Act 1934 issued on 1-9-1999 but the same is
not valid for accepting deposits.
5. No employee is in employment of the Company throughout the financial
year for a remuneration which in aggregate exceeded Rs. 24,00,000/- per
annum or employed for remuneration which in aggregate exceeded Rs.
2,00,000/- per month, if employed for part of the year.
6. The Company''s operations predominantly comprise only of one segment
i.e. financial services which include hire purchase, lease, interest on
ICD, loans and advances and hence the figures shown are related to only
that segment.
7. Earning per share:
DILUTED EARNING PER SHARE:
Diluted earning per share is same as Basic Earning per share as the
Company does not have any potential equity shares as defined underAS-20
"Earning Per share" issued by ICAI.
8. Related parties disclosures:
1. Relationship :
(a) Key management personal:
Shri L.S. Karnawat - Chairman
Shri Kailash Karnawat - Managing Director
(b) Other related parties where control exists:
Pathik Hotel & Motel Ltd.
Karnawat Hire Purchase Pvt. Ltd.
Circle View Estate Pvt. Ltd.
Nakul Builders & Developers Pvt. Ltd.
Vardhman Fincon Pvt. Ltd.
Karnawat Brothers
Sampat Automobiles
Kailash Karnawat & Family (HUF)
Laxman Singh Karnawat & Sons (HUF)
Pushpa Devi Karnawat
(c) Relatives of key management personnel and their enterprises where
transaction have taken place : M/s Nakul Builders & Developers Pvt.
Ltd.
M/s Circle View Estate Pvt. Ltd.
M/s Kailash Karnawat & Family (HUF)
Mrs. Pushpa Devi Karnawat
M/s Sampat Automobiles
Note : Related party relationship is as identified by the Company and
relied upon by the Auditors.
2. Transaction carried out with related parties in 1 above in ordinary
course of business of the Company.
10. Disclosure as required under Circular No. Ref. DBS. FID. No. C-2 /
01-02-00 / 2003- 04, dt. 10-07-2003 has not been made.
Mar 31, 2013
1. CONTINGENT LIABILITY :
The Company has received excess refund of income tax amounting to Rs.
194668/- on A/c of excess credit of TDS for A.Y. 2006-07, which has
been shown as current liabilities.
2. PROVISION FOR NPA :
In accordance with the guidelines issued by the RBI, the provision of
NPA for current year is Rs. NIL.
3. Margin money on account of Leased & Hire Purchase assets represent
difference between the purchase value of leased / hire purchase assets
and money advanced as loans.
4. The company has been granted certificate of Registration as
provided in section 45 IA of the RBI Act 1934 issued on 1-9-1999 but
the same is not valid for accepting deposits.
5. No employee is in employment of the Company throughout the
financial year for a remuneration which in aggregate exceeded Rs.
24,00,000/- per annum or employed for remuneration which in aggregate
exceeded Rs. 2,00,000/- per month, if employed for part of the year.
6. The Company''s operations predominantly comprise only of one
segment i.e. financial services which include hire purchase, lease,
interest on ICD, loans and advances and hence the figures
(ii) DILUTED EARNING PER SHARE :
Diluted earnings per share is same as Basic Earnings per share as the
Company does not have any potential equity shares as defined under
AS-20 "Earning Per share" issued by ICAI.
7. Related parties disclosures :
1. Relationship :
(a) Key management personal :
Shri L.S. Karnawat - Chairman
Shri Kailash Karnawat - Managing Director
(b) Other related parties where control exists :
Pathik Hotel & Motel Ltd.
Karnawat Hire Purchase Pvt. Ltd.
Circle View Estate Pvt. Ltd.
Nakul Builders & Developers Pvt. Ltd.
Vardhman Fincon Pvt. Ltd.
Karnawat Brothers
Sampat Automobiles
Kailash Karnawat & Family (HUF)
Laxman Singh Karnawat & Sons (HUF)
Pushpa Devi Karnawat
(c) Relatives of key management personnel and their enterprises where
transaction have taken place : M/s Nakul Builders & Developers Pvt.
Ltd.
M/s Circle View Estate Pvt. Ltd.
M/s Kailash Karnawat & Family (HUF)
Mrs. Pushpa Devi Karnawat
Note : Related party relationship is as identified by the Company and
relied upon by the Auditors.
2. Transaction carried out with related parties in 1 above in ordinary
course of business of the Company.
NOTES:
1. As defined in Paragraph 2 (1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt. However, market value in
respect of quoted investments and break up/fair value/ NAV in respect
of unquoted investments should be disclosed irrespective of whether
they are classified as long term or current in column (4) above.
Mar 31, 2012
1. CONTINGENT LIABILITY :
The Company has received excess refund of income tax amounting to Rs.
194668/- on A/c of excess credit of TDS for A.Y. 2006-07, which has
been shown as current liabilities.
2. PROVISION FOR NPA :
In accordance with the guidelines issued by the RBI, the provision of
NPA for current year is Rs. NIL.
3. Margin money on account of Leased & Hire Purchase assets represent
difference between the purchase value of leased / hire purchase assets
and money advanced as loans.
4. The company has been granted certificate of Registration as
provided in section 45 IA of the RBI Act 1934 issued on 1-9-1999 but
the same is not valid for accepting deposits.
5. No employee is in employment of the Company throughout the
financial year for a remuneration which in aggregate exceeded Rs.
24,00,000/- per annum or employed for remuneration which in aggregate
exceeded Rs. 2,00,000/- per month, if employed for part of the year.
6. The Company's operations predominantely comprise only of one
segment i.e. financial services which include hire purchase, lease,
interest on ICD, loans and advances and hence the figures shown are
related to only that segment.
(i) DILUTED EARNING PER SHARE :
Diluted earning per share is same as Basic Earning per share as the
Company does not have any potential equity shares as defined under
AS-20 "Earning Per share" issued by ICAI.
7. Related parties disclosures :
1. Relationship :
(a) Key management personal :
Shri L.S. Karnawat - Chairman
Shri Kailash Karnawat - Managing Director
(b) Other related parties where control exists :
Pathik Hotel & Motel Ltd.
Karnawat Hire Purchase Pvt. Ltd.
Circle View Estate Pvt. Ltd.
Nakul Builders & Developers Pvt. Ltd.
Vardhman Fincon Pvt. Ltd.
Karnawat Brothers
Sampat Automobiles
Kailash Karnawat & Family (HUF)
Laxman Singh Karnawat & Sons (HUF)
Pushpa Devi Karnawat
(c) Relatives of key management personnel and their enterprises where
transaction have taken place : M/s Nakul Builders & Developers Pvt.
Ltd.
M/s Circle View Estate Pvt. Ltd.
M/s Kailash Karnawat & Family (HUF)
Mrs. Pushpa Devi Karnawat
31. Disclosure as required under Circular No. Ref. DBS. FID. No. C-2 /
01-02-00 / 2003- 04, dt. 10-07-2003 has not been made.
NOTES :
1. As defined in Paragraph 2 (1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debt. However, market value in
respect of quoted investments and break up/fair value/ NAV in respect
of unquoted investments should be disclosed irrespective of whether
they are classified as long term or current in column (4) above.
Mar 31, 2010
1. CONTINGENT LIABILITY :
a) As per Order dt. 27/3/2006 under sec 143 (1 )/154 of the Income Tax
Act, the loss has been revised as Rs. 173440/- against the returned
loss of Rs. 668410/- and the Company has appealed against the order.
b) The Company has received excess refund of income tax amounting to
Rs. 194668/- on A/c of excess credit of TDS for A.Y. 2006-07, which has
been shown as current liabilities.
2. Company has sold its investment of 71000 shares in Pathik Hotel &
Motel Ltd., Udaipur to M/s Pathik Hotel & Motel Ltd. itself under its
buyback offer @ Rs.160/- per share (par value Rs. 100/-) during March
2010. Company has also sold its investment of 150000 shares in Vardhman
Fincon Pvt. Ltd. @ Rs. 10/- to M/s Pathik Hotel & Motel Ltd., Udaipur
(par value Rs. 10/-) during March, 2010.
3. PROVISION FOR NPA :
In accordance with the guidelines issued by the RBI, the provision of
NPA for current year is Rs. NIL.
4. Margin money on account of Leased & Hire Purchase assets represent
difference between the purchase value of leased / hire purchase assets
and money advanced as loans.
5. The company has been granted certificate of Registration as
provided in section 45 IA of the RBI Act 1934 issued on 1 -9-1999 but
the same is not valid for accepting deposits.
6. No employee is in employment of the Company throughout the
financial year for a remuneration which in aggregate exceeded Rs.
24,00,000/- per annum or employed for remuneration which in aggregate
exceeded Rs. 2,00,000/- per month, if employed for part of the year.
7. The Companys operations predominantely comprise only of one
segment i.e. financial services which include hire purchase, lease,
interest on ICD, loans and advances and hence the figures shown are
related to only that segment.
8. Related parties disclosures : 1. Relationship:
(a) Key management personal
Shri L.S. Karnawat - Chairman
Shri Kailash Karnawat - Managing Director
(b) Other related parties where control exists : Pathik Hotel & Motel
Ltd.
Karnawat Hire Purchase Pvt. Ltd.
Circle View Estate Pvt. Ltd.
Nakul Builders & Developers Pvt. Ltd.
Vardhman Fincon Pvt. Ltd.
Karnawat Brothers
Sampat Automobiles
Kailash Karnawat & Family (HUF)
Laxman Singh Karnawat & Sons (HUF)
(c) Relatives of key management personnel and their enterprises where
transaction have taken place :
M/s Nakul Builders & Developers Pvt.Ltd.
M/s Sampat Automobiles
M/s Kailash Karnawat & Family (HUF)
M/s Laxman Singh Karnawat & Sons (HUF)
Note: Related party relationship is as identified by the Company and
relied upon by the Auditors.
9. Disclosure as required under Circular No. Ref. DBS. FID. No. C-2 /
01-02-QO / 2003- 04, dt. 10-07-2003 has not been made.
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