Moneycontrol Be a Pro
Get App
SENSEX NIFTY
Moneycontrol.com India | Notes to Account > Finance - General > Notes to Account from Abhinav Capital Services - BSE: 532057, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - GENERAL > NOTES TO ACCOUNTS - Abhinav Capital Services

Abhinav Capital Services

BSE: 532057|ISIN: INE516F01016|SECTOR: Finance - General
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
May 15, 16:00
76.05
0
VOLUME 2
Abhinav Capital Services is not listed on NSE
Mar 15
Notes to Accounts Year End : Mar '18

Note : 1 - Deferred Tax Assets

As per accounting standard (AS-22) on accounting for taxes on income issued by the Institute of Chartered Accountants of India, the provision for Deferred Tax Income for the Financial Year 2015-2016 has been computed at Rs. 16,497/- (Previous Year Income of Rs. 1,61,828/- ) and is Credited to the statement of Profit and Loss.

2) Debtors, Creditors & Loans and Advances:

The Debtors, creditors & Loans & Advances are stated at Book Value and the same are subject to confirmation and reconciliation, if any.

3) Foreign Exchange Transactions:

The company has not entered into any foreign exchange transactions during the year.

4) Borrowing Cost:

“NIL” amount of borrowing cost is capitalized during the year.

5) In the opinion of the Board, all the Current Assets, Loans and Advances are approximately of the values stated, if realized in the ordinary course of business.

6) There is only one segment as required by Accounting Standard 17 and accordingly the figures stated in the balance sheet and profit and loss account pertains to segment results only. Hence the same are not reported separately.

7) Contingent Liabilities and Capital and Other Commitments:

There are no Contingent Liabilities and outstanding capital and other commitments.

8) The Company has not appointed company secretary throughout the year under review, according to the provision of section 203 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 due to the unavailability of Company Secretary. The Company has written a letter to the Institute of Company Secretaries of India for giving the names of suitable candidate for appointment of Company Secretary of India. However company has continued to avail services of practicing company secretary.

9) Disclosure of details as required by Revised Para 13 of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 2007, earlier Para 9BB of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 :

All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

10) The day-to-day operations of the company are closely supervised by the Board of Directors and no significant deficiencies or material weakness has been observed in the operation and Financial Control and processes of the company. However, the company is in process of documenting an Internal Control framework mechanism commensurate with the size of the Company and nature of its activities.

11) Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classifications / disclosures.

Source : Dion Global Solutions Limited
Quick Links for abhinavcapitalservices
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.