Home  »  Company  »  Som Datt Finance  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Som Datt Finance Corporation Ltd.

Mar 31, 2015

1. The company has issued only one class of shares referred to as equity shares having a par value of Rs. 10/- Each holder of equity shares is entitled to one vote per share.

2. In the event of liquidation of company, the holders of equity shares will be entitled to receive any of remaining assets of the company, after distribution of all preferential amounts. However no such Preferential amounts exist currently.

3. Distribution will be in proportion to number of equity shares held by each shareholder.

4. a) In the opinion of Board, Current Assets, Loan and Advances have value on realization in the ordinary course of business at least equal to the amount at which they are stated.

b) In the opinion of the Management ( read with Note No 2.20 ) there is no provision for bad and doubtful debts, loan & advances and diminution in the value of long term investments in their respective carrying values.

c) Loan and Advances pursuant to Clause 32 of the Listing Agreement.

5. No provision for diminution in the value of certain Long Term Investment has been considered necessary, since in the opinion of the Management, such diminution in their value is temporary in nature considering the nature of Investment, inherent value, Investee's Assets and expected future Cash Flows from such investment.

6. Related party Disclosures :

a) Name of the related parties :

Subsidiary Co. : M/s Som Datt Infosoft Pvt Ltd

Associate Co. : M/s Som Datt Securities Ltd

Key Management Personnel : Ms. Latika Datt Abbott

7. The management has based on its operational parametres and future earnings, reassessed and recognised deferred tax asset ( Net) as above. The management is of the view that sufficient future taxable income will be avialable against which such deferred tax assets can be realised.

8. Contingent Liability:- Contigent Liabilities are not provided for and are disclosed by way of Notes to the Account

9. The information as required in terms of para 13 of Non-Banking Finance (Non-Deposit Accepting or Holding) Companies Prudential Norm (Reserve Bank) Directions 2007 are enclosed.

10. The figure of the previous year have been regrouped/reclassified to confirm with the figures of the current year


Mar 31, 2014

1.1 a) In the opinion of Board, Current Assets, Loan and Advances have value on realization in the ordinary course of business at least equal to the amount at which they are stated.

b) In the opinion of the Management (read with Note No 2.20) there is no provision for bad and doubtful debts, loan & advances and diminution in the value of long term investments in their respective carrying values.

c) Loan and Advances pursuant to Clause 32 of the Listing Agreement.

1.2 No provision for diminution in the value of certain Long Term Investment has been considered necessary, since in the opinion of the Management, such diminution in their value is temporary in nature considering the nature of Investment, inherent value, Investee''s Assets and expected future Cash Flows from such investment.

1.3 Related party Disclosures :

a) Name of the related parties :

Subsidiary Co. : Som Datt Infosoft Pvt Ltd

Associate Co. : Som Datt Securities Ltd

Key Management Personnel : Mrs Latika Datt Abbott

b) Aggregated Related Party Disclosures as at and for the year ended March 31, 2014 are as follows: (Transactions have taken place on arm''s length basis )

The Company has only one reportable business segment i.e. N.B.FC. Business as Per Accounting Standard 17 of The Institite of CharteredAccountants of India.

1.4 The management has based on its operational parametres and future earnings, reassessed and recognised deferred tax asset (Net) as above. The management is of the view that sufficient future taxable income will be avialable against which such deferred tax assets can be realised.

Earning per Share (EPS)

1.5 Contingent Liability:- Contigent Liabilities are not provided for and are disclosed by way of Notes to the Account

1.6 The information as required in terms of para 13 of Non-Banking Finance (Non-Deposit Accepting or Holding) Companies Prudential Norm (Reserve Bank) Directions 2007 are enclosed.

1.7 The figure of the previous year have been regrouped/reclassified to confirm with the figures of the current year


Mar 31, 2013

1.1 a) In the opinion of Board, Current Assets, Loan and Advances have value on realization in the ordinary course of business at least equal to the amount at which they are stated.

b) In the opinion of the Management ( read with Note No 2.20 ) there is no provision for bad and doubtful debts, loan & advances and diminution in the value of long term investments in their respective carrying values.

c) Loan and Advances pursuant to Clause 32 of the Listing Agreement.

1.2 No provision for diminution in the value of certain Long Term Investment has been considered necessary, since in the opinion of the Management, such diminution in their value is temporary in nature considering the nature of Investment, inherent value, Investee''s Assets and expected future Cash Flows from such investment.

1.3 Contingent Liability:- Contigent Liabilities are not provided for and are disclosed by way of Notes to the Account

1.4 The information as required in terms of para 13 of Non-Banking Finance (Non-Deposit Accepting or Holding) Companies Prudential Norm (Reserve Bank) Directions 2007 are enclosed.

1.5 The figure of the previous year have been regrouped/reclassified to confirm with the figures of the current year


Mar 31, 2012

The company has issued only one class of shares referred to as equity shares having a par value of Rs. 10/- Each holder of equity shares is entitled to one vote per share.

During the year ended March 31' 2011' the amount of per share dividend recognised as distribution to equity shareholders was Rs.l/-. The total dividend appropriation for year ended March 31'2011 amounted to Rs. 1'16'70'169/-including corporate dividend tax of Rs. 16'62'199/-.

In the event of liquidation of company' the holders of equity shares will be entitled to receive any of remaining assets of the company' after distribution of all preferential amounts. However no such Preferential amounts exist currently.

Distribution will be in proportion to number of equity shares held by each shareholder.

1.1 Contingent Liability NIL NIL

1.2 The figure of the previous year have been regrouped/reclassified to confirm with the figures of the current year


Mar 31, 2010

1.1 In the opinion of Board of Directors, the aggregate value of Current Assets, Loans &Advances on realisation in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet.

1.2 Based on the information available with the company, there is no amount due to small scale undertakings for more than thirty days as at 31st March2010

1.3 Share application money represents private equity investment in ATo Z Venture Capital Limited in Ansal Bhawan ,Kashorla Gandhi Marg, New Delhi, Company is expecting allotment of shares by September 2010.

1.4 The figure of the previous year have been regrouped/reclassified to confirm with the figures of the current year

1.5 Schedules 1 to 10 form an integral part of the accounts and have been duly authenticated.

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X