i. Previous period''s figures have been regrouped/rearranged wherever
necessary. Headings, sub-headings and information as per Schedule VI
and Accounting Standards which are not applicable to the company are
not stated in Balance Sheet and Statement of Profit and Loss. Figures
in brackets are for previous year unless otherwise specified.
ii. Tax deducted at source on interest income - Rs. 1,61,845/- (Rs.
1,48,012/-) and on dividend Nil. Interest income includes an amount of
Rs.4,83,400/- (Rs. 1,58,014/-) received during the year from a venture
iii. Basic and Diluted earning per share has been calculated by
dividing the net profit after tax i.e. Rs.3.99 Lacs for the year by the
weighted average number of equity shares outstanding during the year
i.e. 30 Lacs shares.
iv. The provision for deferred tax assets/liabilities as on 31-3-15 is
Nil. As a measure of prudence, deferred tax assets for MAT credit for
future tax liabilities has not been taken into account. Provision for
bad and doubtful debts and for depreciation in investments - Nil. Gross
non-performing assets - Nil. Net non-performing assets - Nil, Assets
acquired in satisfaction of debts - Nil. Amount due to Micro, Small &
Medium Enterprises as per MSMED Act, 2006 as on 31-03-2015 - Nil. The
Company has not accepted any deposits from the public. As per
guidelines issued by Reserve Bank of India an amount of Rs. 2.5 lacs
has been provided as Contingent Provision against Standard Assets and
has been shown as Contingent Provision in the balance sheet.
v. The Company is in the business of investment and finance and all
its activities revolve around this business. As such, there are no
separate reportable Segments. As provided in Accounting Standard 3 the
Dividend income has been included in Operating Activities in Cash Flow
Statement. In the Statement of Profit and Loss Dividend Income has been
shown under Other Income as per requirement of Revised Schedule VI.
vi. The Company has only one class of shares referred to as equity
shares having a par value ofRs.10 entitling the holder to one vote per
share. There was no change in the number of shares outstanding at the
beginning and at the end of the reporting period. Share holders holding
more than 5% shares in the company and number of shares held: Bombay
Mercantile & Leasing Co Ltd-1025398, Abhinandan Textiles & Traders Pvt.
Ltd.-375000 and Ashok Tulsyan (HUF) 600000.
vii. Meeting fees paid to Independent Director - Mr. S. Rathi
viii. Market value of all quoted investments-Rs.10,29,276/-
(Rs.9,72,941/-). Provision for diminution in value of investments- Nil.
Investments in Properties are partly paid to the extent of amount due
and payable as per the terms of purchase and progress of construction
and are shown as other non current investments as per requirement of
Revised Schedule VI.
ix. Miscellaneous expenses grouped under the head of Other Expenses
include Rs.11,236/- (Rs.11,236/-) for audit fees, Rs. 3,371/-
(Rs.3,000) for internal audit, Rs.11,000/- (Rs. 7,303/-)for Secretarial
Auditors fees and Rs.2,085/- (Rs.1,053/-) for Securities Transaction
x. Contingent liabilities and commitments (to the extent not provided
for) - Uncalled liability on commitments for Investments in Properties
under construction or development Rs.116 Lacs.