| 1. Terms/rights attached to Equity Shares
The company has only one class of equity shares having a par value of
Rs. 10/ - per share. Each holder of equity shares is entitled to one
vote per share. The company declares and pays dividends in Indian
rupees. The dividend proposed by the Board of Directors is subject to
the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all pref- erential amounts.
The distribution will be in proportion to the number of equity shares
held by the shareholders.
2. Segment Reporting:
In accordance with Accounting Standard 17 "Segment Reporting" as
prescribed under Companies (Accounting Standards) Rules, 2006, the
Company has determined its business segment as Finance Activities
Business. Since there are no other business segments in which the
company operates, there are no other primary reportable segments.
Therefore, the segment revenue, segment results, segment assets,
segment liabilities, total cost incurred to acquire segment assets,
depreciation charge are all as is reflected in the financial
statements.
3. Contingent liability (not provided for) in respect of contested
demand of Income Tax for Assessment year 2008- 2009 amounts to Rs.
6,32,472/-.
4. The "Earning per share (EPS)" has been calculated as specified in
Accounting Standard 20 issued by the Institute of Chartered Accountants
of India by dividing the Net Profit after Tax for the year by the
number of shares allotted by the Company.
5. As per the information available with the Company and relied upon
by the auditors:
a) There are no dues towards any small Scale Industrial Undertaking.
b) No dues to suppliers covered under the Micro, Small and Medium
Enterprises Development Act, 2006.
6. On the basis of physical verification of assets, as specified in
Accounting Standard - 28 and cash generating capacity of those assets,
in the management perception there is no impairment of such assets as
appearing in the balance sheet as on 31.03.2014.
7. Related parties and transaction with them as specified in
Accounting Standard- 18 on "Related Party Disclosures" issued by the
ICAI has been identified and given below;
(i) Related Party Relationships
(a) Where control exists None
(b) Other Related Parties with whom Bajaj Steel Industries Limited
the Company had transactions
Prosperous Finance Services
Limited
Tashi India Limited
Bajaj Marketing Services
Ridhi Vinimay Private Limited
Sidhi Vinimay Private Limited
8. Previous year Figures have been re-grouped/re-arranged wherever
found necessary.
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