Notes to Accounts of Kothari World Finance Ltd.

Mar 31, 2016

NOTE - 1

EARNING PER SHARE_

In accordance with the Accounting Standard 20 "Earning per Share" issued by The institute of Chartered Accountants of India, basic earnings per share is computed by dividing net profit after tax for the year by the weighted number of equity shares outstanding for the period. Diluted earnings per share has not been computed.

NOTE - 2

SEGMENT REPORTING_

Based on the guiding principle given in the Accounting Standard -17 "Segment Reporting " issued by the institute of Chartered Accountants of India, the company''s main activities is investment and finance and hence the said segment wise reporting is not applicable.

NOTE - 3

There are no amount payable to any small scale industrial undertaking.

NOTE - 4_

RELATED PARTY DISCLOSURE_

Disclosures as required by the Accounting Standard 18"Related Party Disclosure" are The Company has identified following related parties.

5. Directors :Mr. Nitesh P. Kothari, Mrs. Liza N. Kothari & Mr. Manohar M.Mhatre, Mr. Jitendra B. Wala, Mr. Jayesh kumar Gandhi, Miss Meena G. Dalvi

Directors Remuneration Paid during the year:

Mrs. Liza N. Kothari_Rs. 12,00,000/- (Previous Year.: Rs. 12,00,000/- )_

6. Associated Companies: -International Health Care Products Limited D Dahyabhai & Co Private Limited

Famous Commercial & Leasing Private Limited Steady Mercantile Co Private Limited Vishal Construction Co Private Limited

Paras Silk Mills Private Limited_

Spectrum Capital Private Limited Amity Agriculture Private Limited Mithani Agriculture Private Limited Goldcoin Engineers Private Limited Atamdeep Engineers Private Limited Mansi Engineers Private Limited VIP Construction Private Limited

Kaikhusroo Manekji Mehta Stone & Engineering Works Pvt Ltd

NOTE - 7

In the opinion of the Board the Current Assets, if realised in the ordinary course of business will be atleast of the values Stated in the Balance Sheet. Provisions for all known liabilities are made in the account and are not in excess of amount considered necessary.

NOTE – 8._

Figures of the previous year have been regrouped, rearranged, reclassified where ever necessary to make them comparable with that of current year.

NOTE - 9

The Non-current Investments are shown in the Balance Sheet at cost. In the case of quoted investments, provision for diminution in value of investments is not made, since such diminution is not of permanent nature in the opinion of the Management.

NOTE - 10

Deferred Tax Asset has not been considered for this year. Fixed Assets mainly consist of godowns, income from which is offered under House Property income. Depreciation on Godowns is not allowed under Income Tax. This amounts to permanent difference, hence Deferred Tax Asset on the above has not been calculated as per AS 22.

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Mar 31, 2015

Not Available.

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Mar 31, 2014

NOTE.1:-

EARNING PER SHARE

In accordance with the Accounting Standard 20 "Earning per Share" issued by The institute of Chartered Accountants of India, basic earnings per share is computed by dividing net profit after tax for the year by the weighted number of equity shares outstanding for the period. Diluted earnings per share has not been computed.

NOTE.2:-

SEGMENT REPORTING

Based on the guiding principle given in the Accounting Standard –17 "Segment Reporting" issued by the institute of Chartered Accountants of India, the company''s main activities is investment and finance and hence the said segment wise reporting is not applicable.

NOTE.3:-

There are no amount payable to any small scale industrial undertaking.

NOTE.4:-

RELATED PARTY DISCLOSURE Disclosures as required by the Accounting Standard 18"Related Party Disclosure" are The Company has identified following related parties.

a) Directors: Mr. Nitesh P. Kothari, Mrs. Liza N. Kothari & Mr. Manohar M.Mhatre, Mr. Jitendra B. Wala, Mr. Jayesh kumar Gandhi, Miss Meena G. Dalvi

b) Associated Companies:-

International Health Care Products Limited

D Dahyabhai & Co Private Limited

Famous Commercial & Leasing Private Limited

Steady Mercantile Co Private Limited

Vishal Construction Co Private Limited

Paras Silk Mills Private Limited

Spectrum Capital Private Limited

Amity Agriculture Private Limited

Mithani Agriculture Private Limited

Goldcoin Engineers Private Limited

Atamdeep Engineers Private Limited

Mansi Engineers Private Limited

VIP Construction Private Limited

Kaikhusroo Manekji Mehta Stone & Engineering Works Pvt Ltd

NOTE.5:-

In the opinion of the Board the Current Assets, if realised in the ordinary course of business will be atleast of the values Stated in the Balance Sheet. Provisions for all known liabilities are made in the account and are not in excess of amount considered necessary.

NOTE.6:-

Figures of the previous year have been regrouped, rearranged, reclassified wherever necessary to make them comparable with that of current year.

NOTE.7:-

The Non-current Investments are shown in the Balance Sheet at cost. In the case of quoted investments, provision for diminution in value of investments is not made, since such diminution is not of permanent nature in the opinion of the Management.

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Mar 31, 2013

I) Related Party Disclosure

Disclosures as required by the Accounting Standard 18"Related Party Disclosure" are The Company has identified following related parties._

a) Key Management Personnel:

Mrs. Liza N. Kothari, Managing Director.

Mr. Nitesh P. Kothari, Director Mr. Manohar M.Mhatre, Director Mr. Jeetendra B. Wala, Director Mr. Jayesh kumar Gandhi, Director Miss Meena G. Dalvi, Director

b) Associate Companies: -International Health Care Products Limited D Dahyabhai Co Private Limited

Famous Commercial Leasing Private Limited Steady Mercantile Co Private Limited Vishal Construction Co Private Limited Paras Silk Mills Private Limited Spectrum Capital Private Limited Amity Agriculture Private Limited Mithani Agriculture Private Limited Goldcoin Engineers Private Limited Atamdeep Engineers Private Limited Mansi Engineers Private Limited VIP Construction Co Private Limited

Kaikhusroo Manekji Mehta Stone & Engineering Works Private Limited

Payment to Related Parties during the year:

Mrs, Liza N. Kothari, Managing Director

Rs. 11,00,000/- (Previous Year.: Rs. 200,000/-)

i) In the opinion of the Board the Current Assets, if realized in the ordinary course of business will be at least of the values Stated in the Balance Sheet. Provisions for all known liabilities are made in the account and are not in excess of amount considered necessary.

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Mar 31, 2012

A) Earnings per share: -

In accordance with the Accounting Standard 20 "Earning per Share" issued by The institute of Chartered Accountants of India, basic earnings per share is computed by dividing net profit after tax for the year by the number of equity shares outstanding for the period.

Diluted earnings per shares have not been computed.

B) Segment Reporting:-

Based on the guiding principle given in the Accounting Standard -17 "Segment Reporting " issued by the institute of Chartered Accountants of India, the company's main activities is investment and finance and hence the said segment wise reporting is not applicable.

C) There is no amount payable to any small scale industrial undertaking.

D) In the opinion of the Board the Current Assets, if realised in the ordinary course of business will be at least of the valued Stated in the Balance Sheet. Provisions for all known liabilities are made in the account and are not in excess of amount considered necessary.

E) Related Party Disclosure

Related Parties:

a) Key Management Personnel:

Mrs. Liza N. Kothari, Managing Director.

Mr. Nitesh P. Kothari, Director Mr. Manohar M.Mhatre, Director Mr. Jeetendra B. Wala, Director Mr. Jayesh kumar Gandhi, Director Miss Meena G. Dalvi, Director

b) Associate Companies: -

International Health Care Products Limited D Dahyabhai Co Private Limited Famous Commercial Leasing Private Limited Steady Mercantile Co Private Limited Vishal Construction Co Private Limited Paras Silk Mills Private Limited Spectrum Capital Private Limited Amity Agriculture Private Limited Mithani Agriculture Private Limited Goldcoin Engineers Private Limited Atamdeep Engineers Private Limited Mansi Engineers Private Limited VIP Construction Co Private Limited

Kaikhusroo Manekji Mehta Stone & Engineering Works Private Limited

Payment to Related Parties during the year:-

Mrs, Liza N. Kothari, Managing Director Remuneration: Rs. 2,00,000/- (Previous Year - Nil )

F) Figures of the previous year have been regrouped, rearranged, reclassified wherever necessary to make them comparable with that of current year.

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Mar 31, 2009

I) Related Party Disclosure

Disclosures as required by the Accounting Standard 18"Related Party Disclosure" are The Company has identified following related parties.

a) Associated Companies: - Atamdeep Engineers Pvt. Ltd., Visha! Construction Company Pvt. Ltd.

b) Directors :,Mr. Nitesh P. Kothari, Mrs. Liza N. Kothari & Mr. Manohar M.Mhatre.

Additional information pursuant to the provisions of Paragraph B Part II Schedule VI have been given here in below, to the extent applicable:

Figures of the previous year have been regrouped, rearranged, reclassified whereever necessary to make them comparable with that of current year.