| 1. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
Thu Com-jdnv nas only one Hass ef equity sharr- having nar value of fts
lu / oer share . Each he her u' Eq:j Ly share is enlitled to one vote
per share
In the event of I ciuidation of the ompany , Lie holds- of eguty shares
will he entitled to recuve remaining assets, of the Company niter
distribution of all pneferentia amourts , The Distribution wiJl he in
proportion to [he number ct equity share held by the
shareholders
Based or the information j documents available with the Company, no
credito is covered under Mier< Small and Med um Enterprise Deve opment
Act, 200œj. As a result, no interest pnovisicrs/payments hav been made
by the Company to SJCh creditors for the year ended 31st March 2015.
2 Loans & advances hstances are subject to confirmation by the
respective parties -
3 Segment Report :
The Company is engaged in the business of Non-Banking Financial
Services aid there are nn senaral reoortabie seaments as per Acoountinq
standard 12
4 Related Party Disclosure
As per accounting stamdard Iti the information for related parties is
given below:
Name of the related parties
ASSOCIATES - None
WHOLLY OWNED SU BBIDIAHIESr-
1- FOREMOST BARTER LIMITED
2. FOREMOST DEA-COMM LTD
3. HULBERT TRADING LTD
4. HULBERT VINIMAY LTD
5. JAG MATA MERCANTILE LTD
6. J ASM ATA VINTPADE LTD
7. KQTTfiATAN commercial ltd s, kotiratan marketing ltd
9.MANGA. DHAM AGENTS LTD
10. KANGALDHAM suppliers
11. MANGAL5UCHA BARTER LTD
12 MANGALSUDMA COMMERCIAL LTD
13. NIRMALKUNJ AGENCY LTD
14. NiKMAL AGENCY TRADECOMM I.TO
15. N1TYADHARA BARTER LTD
16. NITYADHARA I RADERS LTD
17. OVER GROW BARTER LTD
18. OVER GROW TIE-UP LTD
19. SARVLOK COMMERCIAL LTD 2b. SARVLOK DEALCOM LTD
21. SPEED FAST MAKKL11NG LID
22. SPEED FAST VIPtCOM LTD
23. VISHAWDHAM TR A DELINK LTD
24. VISHAWDHAM MERCHANTS LTD
5. The Com pan v has Compiled this informal on based on the current
information In its possession. As at 31.03.2015, Mo supplier has
intimated the Company about its status as a Micro or Sma' enterprise Or
its ReqLstrat on with the appropriate authority under Micro, Smali one
Medium Enterprise Development Amount due to Micro 5mnil and Medium
Entcrlscs as or 3l.03.2QlS fts. Nit ( PY hs. h [L )
6. The Financial Statements and Notes on Accounts hes been prepared as
per the Companies Act, 2013 with their schedu le as the same is
effective from 1st April, 2Q14.
7. Effective from 1st April, 2014, the Company has charged
depreciation based on the useful life of the assets as per the
requirement Of Schedule II of the Companies Act, 2013. It has
recomputed the depreciation on various fixed assets In accordance w-ih
and in the manner prescribed with Fart C of Schedule II of the
Companies Act, 2tllv. he aggregate difference between the depreciation
so computed as.per the companies Act, 2013 till list March, 2014 and
the depreciation charged In the acccunts till 31st March, 2014 has been
debited in the opening balance nf profit 6 Loss Account.
8. Prov sion for taxation on Income far the year has seen made under
the tax calculated on i returns under normal computation as per income
tax act being higher than the tax computed under section I ;5JB of the
i neeme tax act.
9 The management has assessed that there fs tid Impairment of Fixed
assets requiring provisions in the accounts. Accordingly, there is no
debit to the Prof't & Loss Account for the Impairment of assets.
10. Deterred Taxation
The company will recog on I se the deterred tax Uabi1|Bes/ossetS on the
timing differences for toe period :n which there is virtual certainty
of future income by way of prudence In accordance with AS-22 "
Accounting For Taxes On Income * issued by the Institute of Chaffered
Accountants of Jndia.
11 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.
12 No provision has been made on account of save salary as there are
no leave to the credit cf employees as at the end of the year
13 Previous Year figures have been regrouped, rearranged Or recasted
whenever considered necessary,
14 Informations regie-ed to be furnished under paragraph. 963 of
Non-Banking F iiantial Companies Prudential Norms (Reserve Gan 10
Directions, 1996 is given in separate Annexure.
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