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NCL Research and Financial Services

BSE: 530557|ISIN: INE132F01020|SECTOR: Finance - Investments
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« Mar 14
Notes to Accounts Year End : Mar '15
1. The Profit and Loss Account for the year includes certain expenses
 which are supported only by internal vouchers duly approved as per
 authorised limits assigned at each levels and in some cases third party
 evidence/invoices are not available. The board of Directors of the
 Company has approved such expenses as in the opinon of the Board of
 Directors, the company has incured such expenses wholly and exclusively
 attributable to the business if the company and the nature of such
 expenses are consistent with the previous years.
 
 2. During the year, the Company has incurred certain expenditure of
 revenue nature, adequate supporting in respect of some of them are not
 available, however in the opinion of the Board of Directors of the
 Company, the same is wholly and exclusively attributable to the
 business of the Company.
 
 3. In the opinion of the Board, the Current Assets, Sundry Debtors,
 Sundry Creditors, Loans & Advances have a value on realisation in the
 ordinary course of business at least equal to the amount at which they
 are stated in the Financial Statements. The balances thereof are as per
 Books of Accounts only.
 
 4. There is unpaid tax liability of Rs. 4,75,000/- for the A.Y.
 2012-13.
 
 5. segment reporting
 
 A Primary Segment Reporting (by Business Segements )
 
 i The Company''s business segments are identified as Commodity
 Transcation, Investment in Shares & Securities and money lending
 Activities
 
 ii The accounting polices used in the preparation of the financial
 statement of the Company are also applied for segment reporting.
 
 iii Segment revenures, expenses, assets and liabilities are those,
 which are directly attribute to the segment or are allocated on an
 appropriate basis. Corporate and other revenues, expenses, assets and
 liabilities to the extent not allocable to segments are disclosed in
 the reconciliation of reportable segments with the financials.
 
 iv Figures in brackets are in respect of the previous year.
 
 v Segment Revenues, result and other Information.
 
 B Secondry Segment reporting (by Geographical Segments)
 
 The Company Operates predominately within the geographical limits of
 India. It has no secondary Segment revenue.
 
 6. Related Party disclosure
 
 Related party disclosures, as required by AS-18, Related party
 Disclosures are given below
 
 a) Relationships
 
 a) Related parties where commom control exists
 
 Name of the Companies where the directors can exercise the control.
 *Ella Fintex Co. Private Limited (Mr. Vijay Jaideo Poddar was Director
 of the Company up to 16th February 2015)
 
 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 Transcations were Carried out during the year with the Related
 party.
 
 7. The previous year''s figures have been reworked, regrouped,
 rearranged and reclassified wherever necessary. Amounts and other
 disclosures for the preceding year are included as an integral part of
 the current year financial statements and are to be in relation to the
 amounts and other disclosures relating to the current year.
Source : Dion Global Solutions Limited
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