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NCL Research and Financial Services
BSE: 530557|ISIN: INE132F01012|SECTOR: Finance - Investments
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« Mar 11
Notes to Accounts Year End : Mar '12
a.  Equity shareholder holding more than 5% of equity shares along with
 the number of equity shares held is as given below
 
 No shareholder is holding more than 5% shares of the company
 
 b.  The company has one class of Equity shares having a par value of Rs.
 10/- each. Each shareholder is eligible to one vote per share held.
 
 1.1 RELATED PARTIES DISCLOSURES (AS PER ACCOUNTING STANDARD 18)
 
 1.  Relationship
 
 a.  Wholly Owned Company - Not Any
 
 b.  Associate Company - None
 
 c.  Company under the Common Control of Promoters - None
 
 d.  Key Management Personnel Goutam Bose
 
 Nand Kishore Fogla
 
 2.  Transactions
 
 There has been no related parties transactions during the year under
 review.
 
 1.2 DISCLOSURE FOR PAYMENT TO MICRO, SMALL & MEDIUM ENTERPRISES
 
 The Company has not received any intimation from their suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosure, if any, relating to the
 amount unpaid as at the year end together with interest paid / payable
 as required under the said Act, have not been given.
 
 1.3 NBFC DISCLOSURE
 
 The Disclosure as required in term 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
 Balance Sheet.
 
 1.4 IMPAIREMENT OF ASSETS
 
 Company Management during the year have carried out technographical
 evaluation for identification of Assets, if any, in accordance with
 Accounting Standard 28. Based on the judgement of the Management and as
 certified by Directors, no provision for impairement is found to be
 necessary in respect of any Assets.
 
 Note : 1.5
 
 The revised Schedule VI has been become effective from 1 st April 201 1
 for the preparation of Financial Statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements.  Previous Years'' figures have been regrouped/re-classified
 wherever necessary to the correspond with the current year
 classifications / disclosures.
Source : Dion Global Solutions Limited
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