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Moneycontrol.com India | Notes to Account > Finance - Leasing & Hire Purchase > Notes to Account from Savani Financial - BSE: 511577, NSE: N.A
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Savani Financial

BSE: 511577|ISIN: INE304E01010|SECTOR: Finance - Leasing & Hire Purchase
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Savani Financial is not listed on NSE
Mar 13
Notes to Accounts Year End : Mar '14
NOTE 1: OTHER ADDITIONAL NOTES / INFORMATION
 
 A The Company has unabsorbed depreciation and carried forward losses
 under tax laws. In absence of virtual certainty of sufficient future
 taxable income, net deferred tax asset has not been recognized by way
 of prudence in accordance with Accounting Standard (AS  22)
 Accounting for Taxes on Income issued by Institute of Chartered
 Accountants of India.
 
 B The Company does not have any foreign currency exposures
 
 C In the opinion of the management the company is engaged only in the
 business of providing financials services and accordingly there are no
 separate reportable segments as per Accounting Standard-17 dealing with
 segment reporting.
 
 D The Company does not have any transactions with related parties as
 per Accounting Standard -18 Related Party Disclosures.
 
 E Previous years figures have been regrouped/ reclassified wherever
 necessary to conform to the current years'' presentation.
Source : Dion Global Solutions Limited
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