| AS 1 Disclosure of accounting policies
The Company is following accrual basis of accounting for both income
and expenses.
AS 2 Valuation of Inventories
The Company has no Inventory. Hence this standard is not applicable.
AS 3 Cash flow statements
The Cash Flow Statement has been prepared under indirect method and the
same is attached.
AS 4 Contingencies and Events occurring after the balance sheet date
There are no events occuring after the Balance Sheet Date that require
adjustment or disclosure.
AS 5 Net Profit or loss for the period, prior period items and changes
in accounting policies
There are no prior period items. There are no changes in the accounting
policies of the Company from the previous year.
AS 6 Depreciation Accounting
The Company has no fixed assets.
AS 7 Accounting for Construction Contracts
The above standard is not applicable to the Company, as it is not
engaged in the business of construction.
AS 8 Accounting for Research and Development
This standard has been withdrawn with effect from 1-4-2003.
AS 9 Revenue Recognition
Interest income is recognized using the time proportion method based on
the rates implicit in the transaction.
AS10 Accounting for Fixed Assets
The Company has no fixed assets.
AS11 Accounting for effects of changes in foreign exchange rates
The Company has no foreign exchange transactions.
AS12 Accounting for Government Grants
The Company has not received any grant from the Government
AS13 Accounting of Investments
Investments are accounted at the cost of acquisition which includes
stamp fee etc.
AS14 Accounting for Amalgamation
No Amalgamation was made during the year.
AS15 Accounting for Employee Benefits
Please refer to Note No.17 of Notes to Financial statements
AS16 Borrowing Cost
There is no borrowing cost attributable to qualifying assets.
AS17 Segment Reporting
The Company is engaged in the business of financing and accordingly
there are no separate reportable segments.
AS18 Related party disclosures
Please refer to Note No 18 of Notes to Financial Statements.
AS19 Account for Leases
The Company has not given or taken any assets on lease during the year.
AS20 Earnings per share (EPS)
Basic earnings per share are disclosed in the Statement of Profit and
Loss. There is no diluted earnings per share as there are no dilutive
potential equity shares.
Particulars 2014-2015 2013-2014
Basic / Diluted EPS before considering 1.85 3.72
Extra-ordinary items (Rs.)
Basic / Diluted EPS after considering 1.85 3.72
Extra-ordinary items (Rs.)
Weighted average number of shares 4,278,000 4,278,000
Face Value per share (fully Paid up) Rs. 10/- Rs. 10/-
AS21 Consolidated financial statements
This Standard is not applicable to the Company.
AS22 Accounting for taxes on Income
Provision for Income Tax is made as per the provisions of Income Tax
Act, 1961. The Company has Deferred Tax Asset. However as a measure of
Pru- dence no Deferred Tax asset has been recognised during the year
AS23 Accounting for Investments in associates
This Standard is not applicable to the Company as the Company has no
Associate.
AS24 Discontinuing Operations
The company has not discontinued any operations during the year.
AS25 Interim financial Reporting
Quarterly financial results are published in accordance with the
guidelines issued by SEBI. The recognition and measurement principles
as laid down in the Standard are followed with respect to such results.
Quarterly financial results are also subjected to a limited review by
the Auditors as required by SEBI.
AS26 Accounting for Intangible Assets
The Company has no intangible assets.
AS27 Financial Reporting of Interests in Joint Ventures
The Company has no Joint Ventures.
AS28 Impairment of Assets
The Company has no impaired assets.
AS29 Provision, Contingent Liabilities and Contingent Assets
Liabilities Disputed and Not provided for
As at As at
31/03/2015 31//03/2014
Rs. Rs.
(i) Income Tax 7,54,891 7,54,891
(ii)Employees State Insurance Nil 73,226
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