| a) Segment Reporting
The Company is predominantly engaged in the business of financial
activities and is a 'Single Segment' Company.
b) Related Party Disclosures
As per Accounting Standard 18 'Related Party Disclosures', the
disclosure of transactions with related parties are given below:
(i) Names of the related parties and description of relationship
1 Key Management Personnel (KMP):
Shri Pankaj Jain
(ii) Transactions with related parties during the period:
There was no Related party transaction during the year to see disclose
in term of AS - 18.
Sl.Key Management
Personnel 31.03.2015 31.03.2014
No.
1 NIL - -
c) Accounting for Taxes on Income
As availability of future taxable income is not certain, on
consideration of prudence, provision for deferred tax assets is not
made in term of AS 22, Accounting for Taxes on Income.
d) Details of dues to micro and small enterprises as defined under the
MSMED Act,2006
On the basis of information available with the Company under the Micro,
Small and Medium Enterprises Development Act, 2006, there are no
Enterprises to whom the Company owes dues which are outstanding at year
end. This has been relied upon by the Auditors.
e) Particulars as required in terms of Paragraph 13 of Non-Banking
Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms
(Reserve Bank) Directions, 2007 are given by way of an Annexure to the
financial statements.
f)The management has assessed that there is no impairment of Fixed
Assets requiring provision in the Accounts. Accordingly, there is no
debit to the Statement of Profit & Loss for the impairment of Assets.
g)No provision has been made on account of gratuity as none of the
employees have put in completed years of service as required by the
payment of gratuity act.
h)No provision has been made on account of leave salary as there are no
leave to the credit of employees as at the end of the year.
i) There are no outstanding contract of future & option which has not
been squared off as on the date of Balance Sheet.
j) Previous year figures have been recast/reclassified wherever
appropriate to confirm to current year's presentation as per revised
Schedule III notified under the Companies Act, 2013.
k) All the figures in these notes are in 'Rs' except otherwise
stated.
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