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Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from Jumbo Finance Ltd - BSE: 511060, NSE: N.A
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Jumbo Finance Ltd
BSE: 511060|ISIN: INE122N01017|SECTOR: Finance - Investments
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Jumbo Finance Ltd is not traded in the last 30 days
Jumbo Finance Ltd is not listed on NSE
« Mar 11
Notes to Accounts Year End : Mar '12
1.  Segment Information (AS - 17)
 
 The Company is engaged in only one business i.e Non Banking Financial
 Services (granting of loans, making investments, etc.) and as such
 there are no other reportable segment in the context of Accounting
 Standard 17 Segment Reporting, issued by the Institute of Chartered
 Accountants of India.  Therefore, Segment Information as required by
 Accounting Standard - 17 Segment Reporting is not applicable.
 
 2. The Company believes that no impairment of assets arises during the
 year as per the recommendations of Accounting Standard - 28 Impairment
 of Assets, issued by the Institute of Chartered Accountants of India.
 
 3.  Details of dues to Micro and Small Enterprises as defined under
 the MSMED Act, 2006 Based on the intimation received by the Company,
 none of the suppliers have confirmed to be registered under The Micro,
 Small and Medium Enterprises Development (''MSMED'') Act, 2006.
 Accordingly, no disclosures relating to amounts unpaid as at the year
 end together with interest paid /payable are required to be furnished.
 
 4.  While determining diminution, other than temporary, in the value
 of the long term quoted / unquoted investments, the strategic objective
 of such investments and the asset base of the investee companies have
 been considered. In view thereof, the decline in the market value of
 such investments is considered to be of a temporary nature.
 
 5.  In the opinion of the Board, the Current Assets, Loans & Advances
 are realizable in the ordinary course of business at least equal to the
 amount at which they are stated in the Balance Sheet. The provision for
 all known liabilities is adequate and not in excess of the amount
 reasonably necessary.
 
 6.  Previous year figures
 
 Till the period ended 31st March 2011, the company was using
 pre-revised Schedule VI to the Companies Act, 1956, for preparation and
 presentation of its financial statements. During the year ended 31
 March, 2012 the revised Schedule VI notified under the Companies Act,
 1956, has become applicable to the company. The company has
 reclassified previous year''s figures to confirm to this year''s
 classification. The adoption of revised Schedule VI does not impact
 recognition and measurement principles followed for preparation of
 financial statements. However, it significantly impacts presentation
 and disclosures made in the financial statements, particularly
 presentation of balance sheet.
Source : Dion Global Solutions Limited
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