1. Confirmation in respect of the khan# and advance have not been received
2. The Board has been recommended a dividend @ 1% i.e. Rs. 0.01 per equity share of Rs l/-each for the financial year ended March 31, 2017, subject to the approval of slaveholders in the ensuing Annual General Meeting.
3. During the year company has complied with the guidelines issued by the Reserve Bank of India In respect of prudential Norms for Income recognition and Provisioning for Non Performing Assets.
4. Additional information pursuant to provisions of paragraph 5 of schedule III of the Companies Act 2013.
Expenditure incurred in foreign currency during the year Nil CIF Value of Imports of Capital Goods Nil
5. Retirement Benefits: Accounting Standard -15 'Employees Benefits" not applicable
6. Contingent Liabilities: NIL
7. As per the definition of Business Segment and Geographical. Segment contained in Accounting Standard 17 “Segment Reporting". the management is of the opinion that the Company's operation comprise of operating in Primary and Secondary market and incidental activities thereto, there is neither more than one importable business segment nor more than one reportable geographical segment finder therefore, segment information as per Accounting Standard 17 is not required to be disclosed.
8. Details of amounts due to Micro, Small and Medium Enterprise under the head current liabilities, based on the information available with the Company and relied upon by the auditors- Nil (Previous Year - Nil)
9. In the opinion of the management, at current assets, loans anti advances would be realizable at least an amount equal to the amount at which they are stalled in the Balance Sheet. Also there is no impairment of fixed assets.
10. During the year company has formed two 100% wholly owned subsidiaries.
11. M/s S. L. Developers Pvt Ltd
12.. M/s Viji Housing Finance HJ
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