Note 1: RELATED PARTY DISCLOSURE
Related party disclosures, as required by AS - 18, Related Party
Disclosures are given below:
a) Related parties where common control exists
Name of the Companies where the directors can exercise the control -
Ella Fintex Co. Private Limited
b) Key Management Personnel
Mr. Vijay Jaideo Poddar - Managing Director
Mr. Gautam Bose - Director
Mr. L. N. Sharma - Director
B) Transactions with Related Parties-
No Transactions were carried out during the year with the Related
Note 2: EARNING PER SHARE
No Potential Equity Shares were outstanding as on 31.03.2013 and hence
Basics and Diluted Earning Per Shares are Same.
Note 3: NBFC DISCLOSURE
The Disclosure as required in terms of Paragraph 13 of Non-Banking
Financial (Deposit Accepting or Holding) Companies Prudential Norms
(Reserve Bank of India, 2007) is given by way of Annexure to the
The Company has issued 12,17,000 new Equity Shares through the Postal
Ballot dated 16 June 2012 under Section 81(1A) and other applicable
provision of the Company Act, 1956. These shares have been allotted at
a price of Rs.10/- Per Share at a premium of Rs. 265/- per share which
is in accordance with the Preferential Issue Guidelines issued by
Securities and Exchange Board of India.
Balances of Sundry Debtors, Unsecured Loans, Sundry Creditors and Loans
& Advances are subject to reconciliation, since confirmations have not
been received from them. Necessary entries shall be passed on the
receipt of the same if required.
In the opinion of the management, the Current Assets, Loans & Advances
are approximately of the value stated, if realized in the ordinary
course of business. The provisions for all known liabilities are
The Company has not received the required information from suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006. Hence disclosures, if any, relating to amounts
unpaid as at the year end together with interest paid/payable as
required under the said Act have not been made.
The Company has not provided for Gratuity and Leave Encashment to
Employees on accrual basis, which is not in conformity with AS - 15
issued by ICAI. However, in the opinion of management the amount
involved is negligible and has no impact on Profit & Loss Account.
Previous year''s figures have been grouped/ regrouped,
arranged/rearranged wherever necessary to make them comparable.