Notes to Accounts of PMC Fincorp Ltd.

Mar 31, 2015

1. Related Party Disclosures:

(A) List of related parties (Where transactions have taken place)

i. Ker Managerial Personnel & their Relatives

S. NO. NAME RELATION

1 Raj Kumar Modi Managing Director

2 Rekha Modi Director

ii. Enterprise over which Key Management person and his relatives exercise significant influence

S.No. Name

1 RRP Management Services Pvt. Ltd.

2 Prabhat Management Services Pvt. Ltd.

(C) Related parties are identified by the management & relied upon by the Auditor.

(D) No balance in respect of related parties have been written off.

2. Documents of Car No. DL 3C BA 2675 of the company are in the name of Sh. Raj Kumar Modi Managing Director of the company.

3. Provision for tax is made for both Current and Deferred Taxes. Provision for current Income Tax is made on the current tax rates based on assessable income. The Company has provided for deferred tax in accordance with AS-22.

4. Balance due to / from some of the parties are subject to confirmation.

5. Previous year's figures are re-classified, re-grouped, re-arranged where is necessary.

6. Payment of Dividend

Dividend is paid under three modes viz:

(a) National Electronic Clearing Services (NECS)

(b) National Electronic Fund Transfer (NEFT)

(c) Physical dispatch of Dividend Warrants

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Mar 31, 2014

1. Documents of Car No. DL 3C BA 2675 of the company are in the name of Sh. Raj Kumar Modi Managing Director of the company.

2. Provision for tax is made for both Current and Deferred Taxes. Provision for current Income Tax is made on the current tax rates based on assessable income. The Company has provided for deferred tax in accordance with AS-22.

3. Expenditure on employee''s in respect of remuneration in aggregate of not less than Rs. 2,400,000/- P.A. or Rs. 200,000/- P.M. when employed for a part of the year. NIL

4. Balance due to / from some of the parties are subject to confirmation.

5. Previous year''s figures are re-classified, re-grouped, re-arranged where is necessary.

6. Payment of Dividend

Dividend is paid under three modes viz:

(a) National Electronic Clearing Services (NECS)

(b) National Electronic Fund Transfer (NEFT)

(c) Physical dispatch of Dividend Warrants

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Mar 31, 2013

1. Documents of Car No. DL 3C BA 2675 of the company are in the name of Sh. R.K. Modi Managing Director of the company.

2. Provision for tax is made for both Current and Deferred Taxes. Provision for current Income Tax is made on the current tax rates based on assessable income. The Company has provided for deferred tax in accordance with AS-22.

3. Expenditure on employee''s in respect of remuneration in aggregate of not less than Rs. 2,400,000/- P.A. or Rs. 200,000/- P.M. when employed for a part of the year. NIL

4. Balance due to / from some of the parties are subject to confirmation.

5. Previous year''s figures are re-classified, re-grouped, re-arranged where is necessary.

6. Payment of Dividend

Dividend is paid under three modes viz:

(a) National Electronic Clearing Services (NECS)

(b) National Electronic Fund Transfer (NEFT)

(c) Physical dispatch of Dividend Warrants

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Mar 31, 2012

A. Equity Shares: The Company has one class of equity shares having a par value of Rs.10/- each. Each holder of equity shares is entitled to one vote per share.

b. The company declares and pays dividend in Indian Rupees. The proposed dividend by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General meeting, except in case of Interim Dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.

c. The Board of Directors in the meeting on (Date of Board meeting in which BS is approved) proposed a Dividend of Rs. 0.50 per equity share. The proposal is subject to approval of shareholders at the Annual General Meeting. The total dividend appropriation for the year ended March 31, 2012 amounted to Rs. 7773368/- including dividend distribution tax.

d. During the year the company has allotted bonus shares in the ration of 1:2, credited as fully paid up.

e Company has issued 4458900 equity shares of Rs. 10/- each as bonus shares during the period of five years immediately preceding the reporting date. There are no shares issued for consideration other than cash and also company has not bought back any share during the period of five years immediately preceding the reporting date.

a. As per the records of the Company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

b. There are no shares reserved for issue under options and contracts/commitments for sale of shares/ disinvestment.

c. There are no unpaid calls from any Director or Officer.

The Board of Directors in the meeting on (Date of Board meeting in which BS is approved) proposed a Dividend of Rs. 0.50 per equity share. The proposal is subject to approval of shareholders at the Annual General Meeting. The total dividend appropriation for the year ended March 31, 2012 amounted to Rs. 7,773,368/- including dividend distribution tax.

(C) Related parties are identified by the management & relied upon by the Auditor.

(D) No balance in respect of related parties have been written off.

1. Documents of Car No. DL 3C BA 2675 of the company are in the name of Sh. R.K. Modi Managing Director of the company.

2. Provision for tax is made for both Current and Deferred Taxes. Provision for current Income Tax is made on the current tax rates based on assessable income. The Company has provided for deferred tax in accordance with AS-22.

3. Director's Remuneration Rs.Nil.

4. Expenditure on employee's in respect of remuneration in aggregate of not less than Rs. 2,400,000/- P.A. or Rs. 200,000/- P.M. when employed for a part of the year.

5. Balance due to / from some of the parties are subject to confirmation.

6. Previous year's figures are re-classified, re-grouped, re-arranged where is necessary.

7. Payment of Dividend

Dividend is paid under three modes viz:

(a) National Electronic Clearing Services (NECS)

(b) National Electronic Fund Transfer (NEFT)

(c) Physical dispatch of Dividend Warrants