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 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.
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