1. General :-
Bhilwara Tex-Fin Limited (the Company) was incorporated on November
16, 1994 and obtained the certificate for Commencement of Business on
November 22, 1994 from Registrar of Companies under the provision of
the Companies Act, 1956. The main objects of the company are to provide
the fund based financial services etc. During the year under review,
the Company engaged in business of investment & Financing.
2.1 Previous years figures have been regrouped and rearranged wherever
2.2 Additional information pursuant to the provision of paragraphs 3,
4C & 4D of part II of schedule VI of the Companies Act, 1956.
2.3 CIF Value of Import of Raw Materials Components, Spare parts &
Capital goods: Nil
c) Expenditure in Foreign Currency : Nil
d) Remittance in Foreign Currency : Nil
e) Earning in Foreign currency : Nil
(CIF Value in Exports)
1) As defined in Paragraph 2(1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998
as amended from time to time.
2) Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 2007 as amended from time to time.
3) All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets as
also 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 column (4) above.
2.4 None of the employees of the company was in receipt of
remuneration exceeding Rs. 5,00,000/- per month where employed for part
of the year or Rs. 60,00,000/- per annum where employed throughout the