Mar 31, 2015
1. The balances of sundry debtors, creditors and loans and advances
are subject to confirmation.
2. Related Party Disclosure:
Related party disclosure as required by AS-18 "Related Party
Disclosures" of the Institute of Chartered Accountants of India are
given below:
Directors:-
Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal
Mrs. Kiran Duggal
Associates Company/ Firm:-
M/s Arora & Bansal
M/s City Heights Developers & Promoters P. Ltd.
M/s Blake Townships Pvt. Ltd.
M/s Kinsoft Solutions Pvt. Ltd.
M/s A & B corporate consultants Pvt. Ltd.
M/s Jade Town planners P. Ltd.
M/s Swatantar Consultants P. Ltd.
M/s ACE Innovators P. Ltd.
M/s Coral Town planners P. Ltd.
M/s Dolphin E-Services P. Ltd.
M/s Cantel Communications P. Ltd.
M/s Matrix E- services Pvt. Ltd.
3. The Company is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998.
4. In the opinion of the management of the company the aggregate value
of current assets, loans & advances if realized in the ordinary course
of the business shall not be less than the amount at which these are
stated in the Balance Sheet and the provision for all known liabilities
are adequate.
5. Impairment of Assets
In pursuance of Accounting Standard 28 Â Impairment of Assets (AS-28)
issued by the Institute of Chartered Accountants of India, the company
has reviewed its carrying cost of assets with value in use (determined
based on future earnings)/net selling price (determine based on
valuation). Based on such review, management is of the view that in the
current financial year impairment of assets is not considered
necessary.
6. Micro, Small And Medium Enterprises
The Company has not received any information from its suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act 2006, which came into effect from 2nd October, 2006 and
hence disclosure, if any, relating to amounts unpaid as on 31st March,
2015 together with interest paid or payable as required under the Act,
have not been given.
7. The category of the company is Non-Banking Financial Company-Non
Deposit (NBFC-ND), hence CRAR & concentration norms as prescribed by
RBI are not applicable to the company.
8. Net Owned Fund (NOF) of the company is Rs.3, 69, 41,026/- which is
as per the requirement in the new guidelines issued by RBI on 10th Nov,
2014.
9. Leverage ratio of 1:7 is applicable to the company being a NBFC-ND
(below asset size of Rs 500 crores) w.e.f. 10.11.2014 as new
guidelines issued by RBI. The company is in compliance with the norms
throughout the period under report and has not contravened this norms
at any time during the financial year 2014-15.
10. There is no change in the management or constitution of the
company during the financial year 2014-15.
11. The company is not rated by any approved credit rating agency till
date. Being a NBFC-ND credit rating is not applicable to the company.
12. Previous Years figures have been regrouped and/or rearranged
wherever found necessary to conform to this year's classification.
13. During the Financial year the provision of Section 135 related to
the Corporate Social Responsibility of the Companies Act, 2013 is not
applicable on the company.
(ii) Provide detail of the rights, preferences and restrictions
attaching to each class of shares (each class of equity and each class
of preference shares) including restrictions on the distribution of
dividends and the repayment of capital. Also give details of dividend
percentage for each class of preference shares as approved by the Board
/ agreement with the preference shareholders.
Mar 31, 2014
1. The company has no subsidiaries.
2. The balances of sundry debtors, creditors and loans and advances are
subject to confirmation.
3. The company has not been able to appoint a suitable Company
Secretary in terms of Sec. 383Aof the Companies Act, 1956 due to
non-availability of a suitable candidate.
4. There are no employees covered u/s. 217(2A)(b)[ii} of the Companies
Act, 1956 read with the Companies (Particulars of Employees) Rules
1975, as amended.
5. Related Party Disclosure'',
Related party disclosure as required by AS-18 "Related Party
Disclosures" of the Institute of Chartered Accountants of India are
given below:
Directors:-
Mr. Vinod Bansal Mr, Rajesh Arora Mr. AshokJuneja Mr. Vinay Aggarwal
Associates Company/ Firm:*
M/s Arora & Bansal
M/s City Hieghts Developers & Promoters P. Ltd.
M/s Blake Townships Pvt, Ltd,
M/s Kinsoft Solutions Pvt Ltd.
M/s A & B corporate consultants Pvt.LTD
M/s Jade Townplanners P. Ltd.
M/s Swatantra Consultants P. Ltd,
M/s ACE Innovators P, Ltd.
M/s Coral Townplanners P, Ltd.
M/s Dolphin E-Services P, Ltd.
M/s Cantel Communications P, Ltd.
M/s Matrix E- services Pvt ltd.
6 The Company is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998,
7 In the opinion of the management of the company the aggregate value
of current assets, loans & advances if realised in the ordinary
course of the business shall not be less than the amount at which
these are stated in the Balance Sheet and the provision for all known
liabilities are adequate.
7, DEFERRED TAX
Deferred tax has been calculated in accordance with the provisions of
Accounting Standard (AS- 22). The details are as under:
Deferred Tax (Net) amounting to Rs. 800/- has been credited to Profit
and Loss Account for the year-ended 31.03.2014
8. Impairment of Assets
In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28)
issued by the Institute of Chartered Accountants of India, the company
has reviewed its carrying cost of assets with value in use {determined
based on future earningsj/net selling price (determine based or
valuation). Based on such review, management is of the view that in the
current financial year impairment of assets Is not considered
necessary.
9. Earning Per Share
The elements considered for calculation of Earning Per Share (Basic and
Diluted) are as under:
10. Segmental Reporting
Accounting Standard -17 ''Segment Reporting'' issued by ICAI, the company
has one segment only therefore the segment reporting is not applicable
to the company.
11. Micro. Small And Medium Enterprises
The Company has not received any information from its suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act 2006, which came into effect from 21st October, 2006 and
hence disclosure, if any, relating to amounts unpaid as on 31st March,
2014 together with interest paid or payable as required under the Act,
have not been given.
(ii) Provide detail of the rights, preferences and restrictions
attaching to each class of shares (each class of equity and each class
of preference shares) including restrictions on the distribution of
dividends and the repayment of capital. Also give details of dividend
percentage for each class of preference shares as approved by the Board
/ agreement with the preference shareholders.
Mar 31, 2013
1. The previous year figures have been regrouped/ rearranged wherever
necessary to make them comparable with the figures of current year.
2. The company has no subsidiaries.
3. The balances of sundry debtors, creditors and loans and advances
are subject to confirmation. ''
4. The company has not been able to appoint a suitable Company
Secretary in terms of Sec. 383A of the Companies Act, 1956 due to
non-availability of a suitable candidate.
5. There are no employees covered u/s. 217(2A)(b)(ii) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules 1975, as amended.
6. Related Party Disclosure:
Related party disclosure as required by AS-18 "Related Party
Disclosures" of the Institute of Chartered Accountants of India are
given below:
Directors:-
Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal
Associates Company/ Firm:-
M/s Arora & Bansal
M/s City Hieghts Developers & Promoters P. Ltd.
M/s Blake Townships Pvt. Ltd.
M/s Kinsoft Solutions Pvt Ltd.
M/s ACE Innovators P. Ltd.
M/s Jade Townplanners P. Ltd.
M/s Swatantra Consultants P. Ltd.
M/s ACE Innovators P. Ltd.
M/s Coral Townplanners P. Ltd.
M/s Dolphin E-Services P. Ltd.
M/s Cantel Communications P. Ltd.
M/s A & B Corporate Consultants P. Ltd.
M/s Matrix E Services P. Ltd.
The Company is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998.
In the opinion of the management of the company the aggregate value of
current assets, loans & advances if realised in the ordinary course of
the business shall not be less than the amount at which these are
stated in the Balance Sheet and the provision for all known liabilities
are adequate.
Impairment of Assets
In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28)
issued by the Institute of Chartered Accountants of India, the company
has reviewed its carrying cost of assets with value in use (determined
based on future earnings)/net selling price (determine based on
valuation). Based on such review, management is of the view that in the
current financial year impairment of assets is not considered
necessary.
Segmental Reporting
Accounting Standard -17 ''Segment Reporting'' issued by ICAI, the company
has one segment only therefore the segment reporting is not applicable
to the company.
Micro. Small And Medium Enterprises
The Company has not received any information from its suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act 2006, which came into effect from 2nd October, 2006 and
hence disclosure, if any, relating to amounts unpaid as on 31st March,
2013 together with interest paid or payable as required under the Act,
have not been given.
Mar 31, 2010
1. The company has no subsidiaries.
2. The balances of sundry debtors, creditors and loans and advances
are subject to confirmation.
3. The company has not been able to appoint a suitable Company
Secretary in terms of Sec. 383A of the Companies Act, 1956 due to
non-availability of a suitable candidate.
4. There are no employees covered u/s. 217(2A)(b)(ii) of the Companies
Act, 1956 read with the Companies (Particulars of Employees) Rules
1975, as amended.
5. Related Party Disclosure:
"Related party disclosure as required by AS-18 "Related Parry
Disclosures" of the Institute of Chartered Accountants of India are
given below:
(i) There are no related parties except the following:
(ii) a. Company/ Firm - Kinsoft Solutions Pvt Ltd.
b. Key management personnel, namely - Mr. Vinod Bansal and Mr. Rajesh
Arora
(iii) Advance given to M/s Kinsoft Solution Pvt. Ltd. Rs. 0.33 Lacs.
6. The Company.is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998.
7. In the opinion of the management of the company the aggregate
value, of current assets, loans & advances if realised in the ordinary
course of the business shall not be less than the amount at which these
are stated in the Balance Sheet and the provision for all known
liabilities are adequate.
8. Deferred Tax
Deferred Tax (Net) amounting to Rs. (9,786)/- has been debited to
Profit and Loss Account for the year-ended 31.03.2010.
9. Impairment of Assets
In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28)
issued by the Institute of Chartered Accountants of India, the company
has reviewed its carrying cost of assets with value in use (determined
based on future earnings)/net selling price (determine based on
valuation). Based on such review, management is of the view that in the
current financial year impairment of assets is not considered
necessary.
10. Segmental Reporting
Accounting Standard -17 Segment Reporting issued by ICAL the company
has one segment only therefore the segment reporting is not applicable
to the company.
11. Micro, Small And Medium Enterprises
The Company has not received any information from its suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act 2006, which came into effect from 2nd October, 2006 and
hence disclosure, if any, relating to amounts unpaid as on 31st March,
2010 together with interest paid or payable as required under the Act,
have not been given.
Mar 31, 2009
1. The company has no subsidiaries.
2. The balances of sundry debtors, creditors and loans and advances
are subject to confirmation.
3. The company has not been able to appoint a suitable Company
Secretary in terms of Sec. 383A of the Companies Act, 1956 due to
non-availability of a suitable candidate.
4. There are no employees covered u/s. 217(2A)(b)(ii) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules 1975, as amended.
5. Related Party Disclosure:
Related party disclosure as required by AS-18 "Related Party
Disclosures" of the Institute of Chartered Accountants of India are
given below:
(i) There are no related parties except the following:
a. Company/Firm - Kinsoft Solutions Pvt. Ltd., Rajsons Distributors
b. Key management personnel, namely - Mr. Vinod Bansal and Mr. Rajesh
Arora
c. Relatives of Key management personnel, namely - Mr. Mukesh Arora
and Mr. Sanjeev Arora
(ii) Advance given to M/s Kinsoft Solution Pvt. Ltd. Rs. 0.33 Lacs.
(iii) Interest received from Rajsons Distributors of Rs. 46400/-
6. The Company is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998.
7. In the opinion of the management of the company the aggregate
value of current assets, loans & advances if realised in the ordinary
course of the business shall not be less than the amount at which these
are stated in the Balance Sheet and the provision for all known
liabilities are adequate.
8. Impairment of Assets In pursuance of Accounting Standard 28 -
Impairment of Assets (AS-28) issued by the Institute of Chartered
Accountants of India, the company has reviewed its carrying cost of
assets with value in use (determined based on future earnings)/net
selling price (determine based on valuation). Based on such review,
management is of the view that in the current financial year impairment
of assets is not considered necessary.
9. Earning Per Share The elements considered for calculation of
Earning Per Share (Basic and Diluted) are as under:
10. Segmental Reporting Accounting Standard -17 Segment Reporting
issued by ICAI, the company has one segment only therefore the segment
reporting is not applicable to the company.
11. Micro, Small And Medium Enterprises The Company has not received
any information from its suppliers regarding their status under the
Micro, Small and Medium Enterprises Development Act 2006, which came
into effect from 2nd October, 2006 and hence disclosure, if any,
relating to amounts unpaid as on 31st March, 2008 together with
interest paid or payable as required under the Act, have not been
given.
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