| 1. Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2015, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
2. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
3. Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17) as notified under
Section 133 of the Companies Act, 2013, are not applicable.
4. Related Party Disclosures :
a) Related parties with whom the Company had transactions during the
year:
1) Enterprise controlled by Key Management Personnel & their relative
:- N.A.
2) Key Management Personnel :-
Anil Kothari (Director)
3) Relatives of Key Management Personnel :- Manisha Kothari
Vimaladevi Mansukhlal Kothari
5. Director's remuneration Rs Nil (Previous Year Rs Nil).
6. Open interest in Equity Index/Stock Futures as at the balance sheet
date is NIL (Previous Year Rs Nil).
7. Option contracts outstanding as on the balance sheet date is NIL
(Previous Year Rs Nil).
8. Schedule in terms of paragraph 13 of Non - Banking financial (Non
- Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
9. Previous Year's figures have been regrouped /reclassified wherever
necessary to conform to the current year's classification.
The accompanying notes are an integral part of the financial statements
Notes:
1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial (Non-Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets
acquired in satisfaction of debt. However, market value in respect of
quoted investments and break up/fair value/NAV in respect of unquoted
investments should be disclosed irrespective of whether they are
classified as long term or current in (4) above.
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