1 Corporate Information
Apex Home Finance Limited (referred to as "AHFL" or "the Company") is regi stered as a Non-Deposit Accepting Non-Banking Finance Company (NBFC) with Reserve Bank of India. The Company currently holds a valid registration Certificate issued by the Reserve Bank of India vide Registration number B-14.00473 dated May 06, 2002.The main business of the Company is lending/advancing of short term and /or long term finance to any individual, firm, company, bodies corporate, corporation, society etc. whether at interest or without interest and with or without security.
Note No. - 2
In the opinion of the Board all the assets have value on realization at least equal to the amount at which it has been stated.
Note No. - 3 Segment Reporting
The Company operates in a single reportable segment i.e. financing, which has similar risks and returns for the purpose of AS 17 on ‘Segment Reporting’ specified under section 133 of the Companies Act 2013, read with rule 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. The Company operates in a single geographical segment i.e. domestic.
Note No. - 4
Dues to Micro and Small Enterprises
There are no amounts that need to be disclosed pertaining to Micro Small and Medium Enterprise Development Act, 2006 (the ‘MSMED’). As at 31 March 2018, no supplier has intimated the Company about its status as Micro or Small Enterprises or its registration with the appropriate authority under the MSMED.
Note No. - 5 Earning Per Share ( EPS )
In accordance with the Accounting Standard 20 as issued by the Institute of Chartered Accountants of India on ‘ Earning Per Share’, the Basic Earning Per Share and Diluted Earning Per Share has been computed by dividing the Profit After Tax by the number of equity shares for the respective years as follows:
Note No. - 6
Consequent to the notification of Schedule III under the Companies Act, 2013, the financial statements for the year ended 31st March, 2018 are prepared as per Schedule III. Further, previous year figures have been regrouped/ rearranged wherever necessary
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