Mar 31, 2015
1. (i) LONG-TERM PROVISIONS :
(ii) The Accounting Standard-15 "Employee benefits", prescribed by the
Central Government, has become applicable to the company in its
entirety as our company is listed Company.
In formulating the accounting policy regarding employee benefits, we
were motivated by the fact that average number of employees during the
financial year, were 19 i.e. less than 50.
In similar circumstances, unlisted companies have been permitted to
calculate and account for the accrued liability under the head
"Gratuity", by some other rational method. Provisions of The Payment of
Gratuity Act, 1972 gives one such method. This is based on the
assumption that such benefits are payable to all employees at the end
of the accounting year.
The management still feels that the size of the company does not make
it feasible to provide Gratuity by way of actuarial valuation. Hence,
it is decided to continue with the same accounting policy.
2. DEFERRED TAX ASSETS / (LIABILITIES) (NET):
(a) Deferred tax is calculated and determined in accordance with the
requirements of Accounting Standard - 22 "Accounting for Taxes on
Income" and is subject to the concept of prudence, on timing difference
being the difference between taxable income and accounting income that
originate in one period and is capable of reversal in one or more
subsequent periods. Deferred tax assets are reviewed for their carrying
values at each balance sheet date and recognised only if there is
'reasonable certainty' that they will be realised in future. As at
31.03.2015 the recognised deferred tax liability/asset is as follows:-
(b) Net Deferred Tax Assets/(Liabilityj Rs. 440594/- (Previous Year Rs.
523325/-)
3. ADDITIONAL NOTES :
(i) (a) The company follows the Reserve Bank of India guidelines
applicable to Non Banking Financial Companies regarding assets
classification, provisioning and income recognition on non performing
assets and accounting for Investments.
(b) Information required to be disclosed in terms of paragraph 13 of
Non Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 is as under
4. In the financial year 2014-15, the Company has operated in only
one business segment, hence compliance of AS-17 regarding "Segment
Reporting" is not necessary.
5. Related party transactions:
There are no related party as described in Clauses (a) to (e) of
paragraph 3 of the Accounting Standard-18 "Related party disclosures"
issued by the Institute of Chartered Accountants of India.
6. CONTINGENT LIABILITIES:
CONTINGENT LIABILITY NOT PROVIDED FOR (2014-15) (2013-14)
Claims against the Company not acknowledged as debt Rs. NIL Rs. NIL
7. The figures have been rounded off to the nearest rupee.
8. Last year's figures have been regrouped and re-arranged wherever
necessary to conform to the figures of the current year.
Mar 31, 2014
A 03) (i) LONG-TERM PROVISIONS :
(ii) TheAccountingStandard-15 "Employee benefits", prescribed by the
Central Government, has become applicable to the company in its
entirety as our company is listed Company In formulating the accounting
policy regarding employee benefits, we were motivated by the fact that
average number of employees during the financial year, were 19 ie less
than 50
In similar circumstances, unlisted companies have been permitted to
calculate and account for the accrued liability under the head
"Gratuity", by some other rational method Provisions of The Payment of
Gratuity Act, 1972 gives one such method
This is based on the assumption that such benefits are payable to all
employees at the end of the accounting year
The management still feels that the size of the company does not make
it feasible to provide Gratuity by way of actuarial valuation Hence, it
decided to continue with the same accounting policy
A05)(i) TRADE PAYABLES:
(ii) The company has not received any memorandum (as required to be
filed by the Suppliers with the notified authority under the Micro,
small and medium Enterprises Development Act, 2006), claiming their
status as Micro, small or medium enterprises Consequently, the amount
paid / payable to these parties during the year is Nil
A10) DEFERREDTAXASSETS/(LIABILITIES)(NET):
(a) Deferred tax is calculated and determined in accordance with the
requirements of Accounting Standard - 22 "Accounting for Taxes on
Income" and is subject to the concept of prudence, on timing difference
being the difference between taxable income and accounting income that
originate in one period and is capable of reversal in one or more
subsequent periods Deferred tax assets are reviewed for their carrying
values at each balance sheet date and recognised only if there is
''reasonable certainty''that they will be realised in future As at
31032014 the recognised deferred tax liability/asset is as follows:-
A 12) (i) TRADE RECEIVABLES :
(ii) Balance in some accounts of trade receivables is subject to
confirmation
(iii) All trade receivables are outstanding for a period less than six
months from the date they are due for payment Also, no debts are due by
directors or any other officers of the company either severally or
jointly
A14)(i) SHORT TERM LOANS AND ADVANCES :
(ii) Balance in some accounts of short term loans and advances is
subject to confirmation
A21) EARNING PER SHARE:
(i) Annualised earning per equity share has been calculated on the net
profit (after taxation) of Rs.1,26,43,312/- (previous year Rs.
1,40,69,673/-) taken as the numerator divided by number of equity
shares 60,00,000 (previous year 60,00,000) taken as the denominator
(B) ADDITIONAL NOTES :
(i) (a) The company follows the Reserve Bank Of India guidelines
applicable to Non Banking Financial Companies regarding assets
classification, provisioning and income recognition on non performing
assets and accounting for Investments
(b) Information required to be disclosed in terms of paragraph 13 of
Non Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 is as under:-
NOTE TO THE BALANCE SHEET OF A NON DEPOSIT TAKING NON-BANKING FINANCIAL
COMPANY
{as required in the terms of Paragraph 13 of Non-Banking Financial (Non
Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)
Directions, 2007)
Mar 31, 2013
A1) DEFERRED TAX ASSETS / (LIABILITIES) (NET) :
(a) Deferred tax is calculated and determined in accordance with the
requirements of Accounting Standard - 22 "Accounting for Taxes on
Income" and is subject to the concept of prudence, on timing difference
being the difference between taxable income and accounting income
thatoriginate in one period and is capable of reversal in one or more
subsequent periods. Deferred tax assets are reviewed for their carrying
values at each balance sheet date and recognised only if there is
''reasonable certainty'' that they will be realised in future. As at
31.03.2013 the recognised deferred tax liability/asset is as follows:-
(b) Deferred Tax Liability :
The Break-up of deferred tax liability into major components as on
31.03.2013 is as follows :
A 2) EARNING PER SHARE :
(i) Annualised earning per equity share has been calculated on the net
profit (after taxation) of ^ 1,40,69,673/- (previous year ^
1,11,85,883/-) taken as the numerator divided by number of equity
shares 60,00,000 (previous year 60,00,000) taken as the denominator.
(B) ADDITIONAL NOTES :-
(i) (a) The company follows the Reserve Bank of India guidelines
applicable to Non Banking Financial Companies regarding assets
classification, provisioning and income recognition on non performing
assets and accounting for investments.
(b) Information required to be disclosed in terms of paragraph 13 of
Non Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 is as under:-
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 (non deposit accepting or holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007.
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 has been disclosed irrespective of whether they
are classified as long term or current in column (4) above.
B (ii) In the financial year 2012-13, the Company has operated in only
one business segment, hence compliance of AS-17 regarding "Segment
Reporting" is not necessary.
B (iii) Related party transactions :
There are no related party as described in Clauses (a) to, (e) of
paragraph 3 of the Accounting Standard-18 "Related party disclosures"
issued by the Institute of Chartered Accountants of India.
B (iv) CONTINGENT LIABILITIES :
CONTINGENT LIABILITY NOT PROVIDED FOR (2012-13) (2011-12)
Claims against the Company not acknowledged as debt Rs. NIL ^NIL
B (v) The figures have been round off to the nearest rupee.
B (vi) Last year''s figures have been regrouped and re-arranged wherever
necessary to conform to the figures of the current year.
Mar 31, 2012
(i) The Accounting Standard-15 "Employee benefits", prescribed by the
Central Government, has become applicable to the company in its
entirety as our company is listed on Stock Exchanges.
In formulating the accounting policy regarding employee benefits, we
were motivated by the fact that average number of employees during the
financial year, were 19 i.e. less than 50.
In similar circumstances, unlisted companies have been permitted to
calculate and account for the accrued liability under the head
"Gratuity", by some other rational method. Provisions of The Payment of
Gratuity Act, 1972 gives one such method. This is based on the
assumption that such benefits are payable to 'all employees at the end
of the accounting year.
The management still feels that the size of the company does not make
it feasible to provide Gratuity by way of actuarial valuation.Hence.it
decided to continue with the same accounting policy.
(ii) The company has not received any memorandum (as required to be
filed by the Suppliers with the notified authority under the Micro
small and medium Enterprises Development Act, 2006), claiming their
status as Micro, small or medium enterprises. Consequently, the amount
paid / payable to these parties during the year is Nil.
(ii) Provision for Tax is made in accordance with the requirements of
the Income Tax Act, 1961
(ii) The net asset value of the investments in mutual fund as on
31.03.2012 is Rs. 11,55,12,503/- (previous year Rs. 11,42,03,933/-)
(iii) In the opinion of the management diminution of Rs. 56.23 lacs in
the value of investments is a temporary market phenomenon and the
company has adequate general reserve to meet any contingency.
10) DEFERRED TAX ASSETS / (LIABILITIES) (NET) :
(a) Deferred tax is calculated and determined in accordance with the
requirements of Accounting Standard - 22 "Accounting for Taxes on
Income" and is subject to the concept of prudence, on timing difference
being the difference between taxable income and accounting income that
originate in one period and is capable of reversal in one or more
subsequent periods. Deferred tax assets are reviewed for their carrying
values at each balance sheet date and recognised only if there is
'reasonable certainty' that they will be realised in future. As at
31.03.2012 the recognised deferred tax liability/asset is as follows:-
(d) Net Deferred Tax Assets / (Liability) Rs. 2,53,365/- (Previous Year
Rs.1,08,533/-)
(e) The net deferred tax recognised in the profit and loss account is
Rs.3,69,778/- (Previous Year Rs. 1,24,215/-).
(ii) Balance in some accounts of long term loans and advances is
subject to confirmation.
(ii) Balance in some accounts of trade receivables is subject to
confirmation.
(iii) All trade receivables are outstanding for a period less than six
months from the date they are due for payment. Also, no debts are due
by directors or any other officers of the company either severally or
jointly.
1) EARNING PER SHARE :
(i) Annualised earning per equity share has been calculated on the net
profit (aftei taxation) of Rs. 1,11,85,883/- (previous year Rs.
1,12,62,015/-) taken as thë numerator divided by number of equity
shares 60,00,000 (previous year 60,00,000] Taken as the denominator.
(ii) There is no diluted earning per share in the company.
2) (a) The company follows the Reserve Bank of India guidelines
applicable to Non Banking Financial Companies regarding assets
classification, provisioning and income recognition on non performing
assets and accounting for investments.
(b) Information required to be disclosed in terms of paragraph 13 of
Non Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007 is as under:-
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 (non deposit accepting or holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007.
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.
3) In the financial year 2011-12, the Company has operated in only one
business segment, hence compliance of AS-17 regarding "Segment
Reporting" is not necessary.
4) Related party transactions :
There are no related party as described in Clauses (a) to, (e) of
paragraph 3 of the Accounting Standard-18 "Related party disclosures"
issued by the Institute of Chartered Accountants of India.
5) CONTINGENT LIABILITIES :
CONTINGENT LIABILITY NOT PROVIDED FOR (2011-12) (2010-11)
Claims against the Company not acknowledged
as debt Rs. NIL Rs. NIL
6) The figures have been rounded off to the nearest rupee.
7) Last year's figures have been regrouped and re-arranged wherever
necessary to conform to the figures of the current year, and in
consonance to the requirements of revised Schedule VI which became
applicable w.e.f. 01 -04-2011.
Mar 31, 2011
I) CONTINGENT LIABILITIES:
CONTINGENT LIABILITY NOT PROVIDED FOR (2010-11) (2009-10)
Claims against the Company not
acknowledged as debt Rs. NIL Rs. NIL
ii) The Company follows the Reserve Bankof India guidelines applicable
to Non Banking Financial Companies regarding Assets Classification,
Provisioning and Income Recognition on non performing as sets and
Accounting of lnvestments.
iii)The Accounting Standard-15" Employee benefits",prescribed by the
Central Government,has become applicable to the company inteentirety
as our company is listed on Stock Exchanges.lnformulating heaca unting
poBcy regarding employee benefits,we were motivated by the fact that
average number of employees during the financial year,remained
20i.e.less than 50.
In similar circumstances.unlisted companies have been permitted to
calculate and account for the accrued liability under the head
"Gratuity", by some other rational method. Provisions of The
Payment of Gratuity Act,1972 gives one such method.This is base dont
he assumption that such benefits are payable to all employees at the
end of the accounting year.
The management still feels that the size of the company does not make
it feasible to provide Gratuity by way of actuarial valuation.
Hence, it decided to continue with the same accounting policy.
iv) In the financial year 2010-11, the Company has operated in only
one business segment,hence compliance of AS-17 regarding
"SegmentReporting" is not necessary.
v) Balance in some accounts of Receivables and Loans &
Advances are subject to confirmation.
vi) Related party transactions :There are no related party as
described in clauses (a) to (e) of paragraph 3 of the Accounting
Standard-18 "Related party disclosures" issued by the
Institute of Chartered Accountants of India.
vii) Earning per share (EPS) : Annualised earning per equity share
have been calculated on the net profit (after taxation) of
Rs. 1,12,62,015/- (previous year Rs.1,37,85,110/-) and the
snumber of equity shares 60,00,000 (previous year 60,00,000).
ix) The company has not received any memorandum (as required to be
filed by the Suppliers with the notified authority under the Micro,
small and medium Enterprises Development Act, 2006), claiming their
status as Micro, small or medium enterprises. Consequently, the amount
paid/payable to these parties during the year is Nil.
x) The figures have been rounded off to the nearest rupee.
xi) Last year's figures have been regrouped and re-arranged wherever
necessary to conform to the figures of the current year.
xii) Schedule '1' to '14' form an integral part of the accounts and
have been duly authenticated.
Mar 31, 2010
I) CONTINGENT LIABILITIES:
CONTINGENT LIABILITY NOT PROVIDED FOR (2009-10) (2008-09)
Claims against the Company not
acknowledged as debt Rs NIL Rs. 400000.00
ii) The Company follows the Reserve Bank of India guidelines applicable
to Non-Banking Financial Companies regarding Assets Classification,
Provisioning and Income Recognition on non performing assets and
Accounting Investments.
iii) The Accounting Standard-15 "Employee benefits", prescribed by the
Central Government, has become applicable to the company in its
entirety as our company is listed on Stock Exchanges.
In formulating the accounting policy regarding employee benefits, we
were motivated by the fact that average number of employees during the
financial year, remained 20 i.e. less than 50.
In similar circumstances, unlisted companies have been permitted to
calculate and account for the accrued liability under the head
"Gratuity", by some other rational method. Provisions of The Payment of
Gratuity Act, 1972 gives one such method. This is based on the
assumption that such benefits are payable to all employees at the end
of the accounting year.
The management still feels that the size of the company does not make
it feasible to provide Gratuity by way of actuarial valuation. Hence,
it decided to continue with the same accounting policy.
iv) In the financial year 2009-10, the Company has operated in only one
business segment, hence compliance of AS-17 regarding "Segment
Reporting" is not necessary.
v) Balance in some accounts of Receivables and Loans & Advances are
subject to confirmation.
vi) Related party transactions:
There are no related party as described in Clauses (a) to, (e) of
paragraph 3 of the Accounting Standard- 18 "Related party disclosures"
issued by the Institute of Chartered Accountants of India.
vii) The company has not received any memorandum (as required to be
filed by the Suppliers with the notified authority under the Micro,
small and medium Enterprises Development Act, 2006), claiming their
status as Micro, small or medium enterprises. Consequently, the amount
paid/payable to these parties during the year is Nil.
viii) The figures have been rounded off to the nearest rupee.
ix) Last years figures have been regrouped and re-arranged wherever
necessary to conform to the figures of the current year.
x) Schedule 1 to 14 form an integral part of the accounts and
have been duly authenticated.
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