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Shree Nath Commercial & Finance
BSE: 512105|ISIN: INE490J01032|SECTOR: Finance - Investments
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Notes to Accounts | Year End : Mar '14 |
1. Employee benefits Provision for retirement benefits to employees was not provided on accrual basis, which is not in conformity with Accounting Standard-15 issued by ICAI and the amount has not been quantified because actuarial valuation report is not available. However, in the opinion of the management the amount involved is negligible and has no material impact on the Profit & Loss Account. 2. CONTINGENT LIABILITY: 2013-2014 2012-2013 Amount in Rs. Amount in Rs. Contingent Liabilities not provided for NIL NIL Others NIL NIL 3. RELATED PARTY TRANSACTION: List of Related Parties:- a) Key Management personnel :- i) Giriraj Kishor Agrawal ii) Tanu Agrawal b) Related parties over which Key Management personnel have significant influence :- i) Axon Finance Ltd (Formerly Axon Infotech Ltd) ii) Banas Finance Limited iii) Rockon Fintech Limited iv) Rockon Capital Market Pvt Ltd v) Tilak Finance Limited (Formerly Out of City Travel Solutions Ltd) vi) Five X finance & Investment Ltd vii) Kayaguru Health Solutions Limited viii) Kayaguru Capital Market Pvt Ltd ix) Handful Investrade Pvt Ltd x) Girraj Kishore Agarwal HUF xi) Saloni Agarwal 4. Income in Foreign Currency : NIL 5. Expenditure in Foreign Currency : NIL 6 As per information available with the Company, none of the creditors has confirmed that they are registered under the Micro, Small and Medium enterprises Development Act, 2006. 7. Trade Receivable, Trade Payable, Short Term Borrowings and Short Term Loans and Advances balances are subject to confirmation and reconciliation. 8. Segment Information: The Company is engaged in single segment and there are no separate reportable segments as defined in AS-17. 9. Previous year''s figures have been regrouped, rearranged and reclassified wherever necessary to conform to the current''s classification/ presentation. |
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Source : Dion Global Solutions Limited | |
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