Mar 31, 2014
1. RELATED PARTY DISCLOSURES
INFORMATION RELATED TO RELATING PARTY TRANSACTION AS PER ACCOUNTING
STANDARD Â 18 ISSUED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IS
GIVEN BELOW
A) ASSOCIATES
Oswal Woollen Mills Ltd. Nahar Capital and Financial Services Ltd,
Nahar Spinning Mills Ltd, Nahar Industrial Enterprises Ltd. Nahar Poly
Films Ltd, Oswal Leasing Ltd, Vardhman Investment Ltd, Atam Vallabh
Financiers Ltd,
2. Earning per Shares
The calculation of Earning Per Share (EPS) as disclosed in the
"Statement of Profit and Loss has been made in accordance with
Accounting Standard (AS)-20 "Earning Per Share" issued by Companies
(Accounting Standards) Rules, 2006.
3. Transfer to Statutory Reserve Fund
A sum of Rs.41,83,000/- (Previous Year Rs.24,25,000/-) transferred from
P & L Appropriation A/c to Statutory Reserve Fund A/c in compliance
with the provisions of Section 45- IC of RBI Act for the year ending
31.03.2014.
4. A Statement of disclosure in terms of paragraph 13 of Non - Banking
Finance Companies (Non-deposit accepting or holding) Prudential Norms
(Reserve Bank) Directions 2007 is annexed
5. Provision for Standard Asset
As per RBI Guidelines a Provision of 0.25% of Standard Asset has been
created.
6. Provision for Doubtful Debt
As per RBI Guideline a Provision of 10% of Doubtful Debt has been
created.
Mar 31, 2013
Note No. 1 RELATED PARTY DISCLOSURES
INFORMATION RELATED TO RELATING PARTY TRANSACTION AS PER ACCOUNTING
STANDARD - 18 ISSUED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IS
GIVEN BELOW : M ASSOCIATES OSWAL WOOLLEN MILLS LIMITED
B) KEY MANAGEMENT PERSONNEL
1. SH. SAT PAUL NIJHAWAN.
2. SH. GAGNISH KUMAR BHALLA
3. SH. NAVDEEP SHARMA
Note No. 2 Transfer to Statutory Reserve Fund
A sum of Rs.24,25,000/- (Previous Year Rs.23,26,000/-) transferred from
P & L Appropriation A/c to Statutory Reserve Fund A/c in compliance
with the provisions of Section 45- IC of RBI Act for the year ending
31.03.2013.
Note: 3
A Statement of disclosure in terms of paragraph 13 of Non - Banking
Finance Companies (Non-deposit accepting or holding) Prudential Norms
(Reserve Bank) Directions 2007 is annexed
Note: 4 Provision for Standard Asset
As per RBI Guidelines a Provision of 0.25% of Standard Asset has been
created.
Note No. 5
Notes 1 To 22 form an integral part of the Balance Sheet and Profit and
Loss Account have been duly authenticated as such.
Mar 31, 2012
A) Segment Revenue includes Income directly identifiable with/allocable
to the segment including intersegment revenue.
b) Expenses that are directly identifiable with/allocable to segments
are considered for determining the Segment Result. The expenses which
relate to the Company as a whole and not allocable to segments, are
included under "other unallocable expenditure."
c) Segment assets includes all operating assets I.e. investment and
current assets used by the segment.
d) Segment Liabilities consists of creditors and other liabilities
directly attributable to segment but does not include tax & financial
liabilities.
Note No. 1 RELATED PARTY DISCLOSURES
INFORMATION RELATED TO RELATING PARTY TRANSACTION AS PER ACCOUNTING
STANDARD - 18 ISSUED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IS
GIVEN BELOW :
A) ASSOCIATES
OSWAL WOOLLEN MILLS LIMITED
Note: 2 Provision for Standard Asset
As per RBI Guidelines a Provision of 0.25% of Standard Asset has been
created.
Note: 3
In compliance with the Ministry of Corporate Affairs Notification
No.2/6/2008 - C L dated 30 March 2011, the financial statements of the
company for the year ended 31 March 2012 have been drawn up in
accordance with the terms of the revised Schedule VI to the Companies
Act. The adoption of the revised Schedule VI does not impact the
measurement and recognition principles followed for the preparation of
financial statements. However, it has significant impact on the
presentation of and disclosures made in the financial statements. The
company has also recast the previous year's figures to meet the
requirements of the revised Schedule VI.
Note No. 4
Notes 1 To 23 form an integral part of the Balance Sheet and Profit and
Loss Account have been duly authenticated as such.
Mar 31, 2011
1) SEGIMENT REPORTING.
As per Accounting Standard 17 issued by the of Chartered Accountants of
India, regarding Segment.
SIGMENT ACCOUNTING POLICIES:
a) Segment Revenue Includes Income directly identifiable with/allocable
to the segment including incensement revenue.
b) Expenses that are directly identifiable with/allocable to segments
are considered for determining the Segment Result The expenses which
relate to the Company as a whole and not allocable to segments, are
included under "otter unallowable expenditure."
c) Segment assets includes all operating assets I.e. investment and
current assets used by the segment
d) Segment Liabilities consists of creditors and other liabilities
directly attributable to segment but does not include tax & financial
liabilities.
2. RELATED PARTY DISCLOSURES
INFORMATION RELATED TO RELATING PARTY TRANSACTION AS P'6H ACCOUNTING
STANDARD - 18 ISSUED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IS
GIVEN BELOW :
3. DEFERRED TAX ASSETSLIABILITY
As per accounting standard 22. of the Institute of chartered Accounts
of India, is as under.
1 Companies In the same group means companies under the same management
as per Section 370 (1B) of the Companies Act, 1956.
2. for investments In case of unquoted shares, it is assumed that
market value Is same as book value.
4) Previous year figures have been re-grouped/re-arranged wherever
considered necessary.
5) Schedule I to VIII form an integral part of the Balance Sheet and
Profit and Loss Account and have been duly authenticated as such.