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IndiaNivesh
BSE: 501700|ISIN: INE131H01028|SECTOR: Finance - Investments
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« Mar 10
Notes to Accounts Year End : Mar '11
1. Contingent Liabilities: - Corporate Guarantee given to HDFC Bank
 Limited on behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company
 of IndiaNivesh Limited for Rs.  30,00,00,000/- (Previous Rs.
 30,00,00,000) , to Oriental Bank of Commerce on behalf IndiaNivesh
 Securities Pvt.Ltd., a subsidiary company of IndiaNivesh Limited for
 Rs.  7,50,00,000/- (Previous Rs. 5,00,00,000 ) and to Bank of India on
 behalf IndiaNivesh Securities Pvt.Ltd., a subsidiary company of
 IndiaNivesh Limited forRs. 5,00,00,000/- (Previous Rs. Nil)
 
 2.  Previous year''s figures are regrouped/rearranged wherever found
 necessary.
 
 Director remuneration paid during the yearisnot within the limits
 mentionedinSec198 of Companies Act 1956 due to inadequate profits, but
 company is fulfilling the conditions given in Schedule XIII of the
 Companies Act 1956. So company has paid the remuneration to its
 directors within the prescribed limits in Schedule XIII of Companies
 Act 1956.
 
 3.  Segmental Reporting: - Segmental reporting: - As the Company
 presently operates predominantly in only under single activity namely
 Investments, the reporting under segment information is not applicable.
 
 4.  There are no dues owed to Small and Medium undertakings as defined
 under the Small and Medium Enterprises Development Act,2006.
 
 5.  Information required by paragraph 3 and 4 of part II of schedule VI
 of the Companies Act :
 
 i.  Sales, production, material consumed, opening stock, purchases,
 closing stocks:- Nil (Previous Year: Nil)
 
 ii.  CIF value of imports:- Nil (Previous Year: Nil)
 
 iii.  Expenditure in foreign currency:- Nil (Previous Year: Rs. Nil)
 
 iv.  Earning in foreign currencies:- Nil (Previous Year: Nil)
 
 6.  Estimated amount of contracts remaining to be executed on capital
 accounts: - NIL.  (Previous Year: Nil)
 
 7.  Disclosures in receipt of derivative instruments:
 
 (i) Derivative instrument outstand in gas at 31st March 2011 – Nil.
 
 (ii) Foreign Currency exposures that are not hedged by derivative
 instrument as at 31stMarch 2011-Nil
 
 8.  Cash flow statement for the year ended 31st March 2011 is given in
 the statement annexed to these accounts as annexure.
 
 9.  Related Party Disclosures: (a) Relationship :- (i)
 Subsidiaries/Associates Company:
 
 1) Sneh Shares&Securities Pvt. Ltd.– Promoter Company
 
 2) IndiaNivesh Securities Pvt. Ltd. - Subsidiary
 
 3) Siddhi Multi-Trade Pvt. Ltd.-Subsidiary
 
 4) IndiaNivesh Financial Advisors Pvt. Ltd.-Subsidiary
 
 5) IndiaNivesh Investment Advisors Pvt. Ltd.- Subsidiary
 
 6) Luminaire Technologies Limited – Associated Company
 
 (ii) Key Managerial Personnel :
 
 1) Rajesh Nuwal – Managing Director
 
 Note : Related party relationship is as identified by the Company and
 relied upon by the Auditors.
 
 10.  Special Reserve Fund has been created @ 20% of the net profit for
 the year as provided by Section 45 I (C) of the Reserve Bank of India
 Act, 1934.
Source : Dion Global Solutions Limited
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