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Sai Jeevadhara Finance Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) - P/BV - Book Value (Rs.) -
52 Week High/Low (Rs.) - FV/ML - P/E(X) -
Bookclosure - EPS (Rs.) - Div Yield (%) -
Year End :2014-03 
1. CONTINGENT LIABILITIES

There was Income Tax demand for the Assessment Year 1997-98 for Rs.1,26,26,182/- and for the Assessment Year 1998-99 for Rs. 1,81,72,825/-. The company has filed appeals before the Hon'ble High Court of Madras and the same have been decided in favour of the Company. The Company has so far paid Rs.46.31 Lakhs for tax arrears and the Company is entitled to receive the refund, if there is no further appeal by the Income Tax Department.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.03.2014 is Rs.0.38 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, "Taxes on Income" the Deferred Tax Assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 is not relevant.

6. Other than Provisions as required and necessary, for non-performing loans, the manage ment has based on a review of its other assets:

a) Provided for diminution/ increase in the value of (Rs.60,515/-) of its investments (Previous year Rs. 1,29,990/-)

b) The Company does not have any subsidiary company.

7. Disclosure is not required I made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Company's business and its activities / operations which are based on financing activities in the domestic market.


 
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Regd. Office: 76-77, Scindia House, 1st Floor, Janpath, Connaught Place, New Delhi – 110001
NSE CASH , NSE F&O,NSE CDS| BSE CASH ,BSE CDS |DP NSDL | MCX-SX SEBI NO: INZ000155732

Compliance Officer: Mukesh Rustagi, Company Secretary, Tel: 011-46890000, Email: mukesh_rustagi80@hotmail.com
For grievances please e-mail at: kkslig@hotmail.com

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