Notes to Accounts of Abhinav Capital Services Ltd.

Mar 31, 2024

(a) Statutory reserve fund

Statutory reserve fund is created by tranferring 20% of the profit for the year pursuant to section 45-IC of the Reserve Bank of India Act, 1934 for NBFC Companies. Appropriation from this Reserve Fund is permitted only for the purposes specified by RBI.

(b) Retained earnings

Retained earnings represent the surplus in profit and loss account and appropriations.

(c) Other comprehensive income

(iii) Other comprehensive income represents actuarial gains / (losses) arising on recognition of defined benefit plans.

(ii) On equity investments

The Company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated in the FVOCI equity investments reserve. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognized.

(iii) On debt investments

The Company recognizes changes in the fair value of debt instruments held with a dual business objective of collect and sell in other comprehensive income. These changes are accumulated in the FVOCI debt investments reserve. The Company transfers amounts from this reserve to profit or loss when the debt instrument is sold. Any impairment loss on such instruments is reclassified to Profit or Loss.

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Mar 31, 2023

3.7 Provisions and contingent liabilities

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources, and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. The Company also discloses present obligations for which a reliable estimate cannot be made. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

3.8 employee benefits

Liabilities for salaries and wages, including non-monetary benefits if any, are recognized as liabilities (and expensed) and are measured at the amounts expected.

3.9 Fair value measurement

The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.

Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place in the accessible principal market or the most advantageous accessible market as applicable.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy into Level I, Level II and Level III based on the lowest level input that is significant to the fair value measurement as a whole.

For assets and liabilities that are fair valued in the financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy.

3.10 Statement of Cash Flows

Statement of Cash flows are reported using the indirect method, whereby the net profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The statements of cash flows from operating, investing and financing activities of the Company are segregated.

3.11 Earnings Per Share (EPS)

The basic EPS is computed by dividing the profit after tax for the year attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted EPS, profit after tax for the year attributable to the equity shareholders and the weighted average number of equity shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

3.12 Nature and purpose of other equity

(i) Retained earnings

Retained earnings represent the surplus in profit and loss account and appropriations.

(ii) Reserve fund in terms of section 45-IC (1) of the Reserve Bank of India Act, 1934

Reserve fund is created as per the terms of section 45-IC (1) of the Reserve Bank of India Act, 1934 as a statutory reserve. Appropriation from this Reserve Fund is permitted only for the purposes specified by RBI.

(iii) Other comprehensive income On equity investments

The Company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated in the FVOCI equity investments reserve. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognized.

On debt investments

The Company recognizes changes in the fair value of debt instruments held with a dual business objective of collect and sell in other comprehensive income. These changes are accumulated in the FVOCI debt investments reserve. The Company transfers amounts from this reserve to profit or loss when the debt instrument is sold. Any impairment loss on such instruments is reclassified to Profit or Loss.

4. Recent accounting pronouncements

Indian Accounting Standard (Ind AS) 1 - Presentation of financial statements - This amendment aims to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their ''significant accounting policies'' with a requirement to disclose their ''material accounting policy information'' and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures

The Company is currently assessing its accounting policy information disclosures to ensure consistency with the amended requirements. The Company does not expect this amendment to have any material impact in its financial statements.

Indian Accounting Standard (Ind AS) 8 - Accounting Policies, Changes in Accounting Estimates and Errors -This amendment has changed the definition of a “change in accounting estimates” to a definition of “accounting estimates”. The amendment clarifies how companies should distinguish changes in accounting policies from changes in accounting estimates. It also, explains the difference between estimation techniques and valuation techniques by way of examples to provide clarity. The Company does not expect this amendment to have any material impact in its financial statements

(a) Indian Accounting Standard (Ind AS) 12 - Income taxes

This amendment narrows the scope of the initial recognition exception under Ind AS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, at the beginning of the earliest comparative period presented, a deferred tax asset (provided that sufficient taxable profit is available) and a deferred tax liability should also be recognized for all deductible and taxable temporary differences associated with leases and decommissioning obligations

This amendment has done away with the recognition exemption on initial recognition of assets and liabilities that give rise to equal and offsetting temporary differences.

The Company does not expect this amendment to have any material impact in its financial statements has context menu.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e., an exit price), regardless of whether that price is directly observable or estimated using a valuation technique.

To show how fair values have been derived, financial instruments are classified based on a hierarchy of valuation techniques.

This note describes the fair value measurement of both financial and non-financial instruments.

Valuation framework

The Company has an internal fair value assessment team which assesses the fair values for assets qualifying for fair valuation.

The Company''s valuation framework includes:

• Benchmarking prices against observable market prices or other independent sources.

• Development and validation of fair valuation models using model logic, inputs, outputs, and adjustments.

These valuation models are subject to a process of due diligence and validation before they become operational and are continuously calibrated.

Valuation methodologies adopted.

Fair values of financial assets, other than those which are subsequently measured at amortized cost, have been arrived at as under:

• Fair values of investments held for trading under FVTPL have been determined. using quoted market prices of the underlying instruments.

• Fair values of strategic investments in equity instruments designated under FVOCI have been measured.

The Company has determined that the carrying values of cash and cash equivalents, bank balances, trade receivables, short term loans, floating rate loans, investments in equity instruments designated at FVOCI, trade payables, short term debts, borrowings, bank overdrafts and other current liabilities are a reasonable approximation of their fair value and hence their carrying value are deemed to be fair value.

34. Additional disclosures in Notes to Accounts as per Sch III - refer notification dated 24th March 2021 As per RBI.

The disclosure on the following matters required under Schedule III as amended not being relevant or applicable in case of the Company, same are not covered:

a) The Company has not traded or invested in crypto currency or virtual currency during the financial year

b) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under

c) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority

d) The Company has not entered into any scheme of arrangement

e) No satisfaction of charges are pending to be filed with ROC

f) There are no transactions which are not recorded in the books of account which have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961

g) The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or other kind of funds) to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

The Company has not received any funds (which are material either individually or in the aggregate) from any person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

35. The company has not entered into any transaction with companies struck off under companies act 2013.

For S C Mehra & Associates LLP For and on behalf of the Board of

Firm Regn No.: 106156W/W100305 Abhinav Capital Services Limited

Chartered Accountants

Sd/- Sd/- Sd/- Sd/-

CA Deepak M. Oza Chetan Karia Kamlesh Kotak Ms. Reshma Matele

Partner Director Director Company Secretary

Membership No.: 045890 DIN: 00015113 DIN: 00012755 Membership No. 65306

UDIN: - 23045890BGVFHT2958

Place: Mumbai Sd/-

Date: 29^th May 2023 Ritu Mohatta

CFO

DIN:08860676

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Mar 31, 2018

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.

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Mar 31, 2015

Notes Forming Integral Part of the Financial Statement:

1) The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685.

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) Related Party Transactions:

The related party transaction has incurred during the reporting period: NIL

7) 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.

8) Contingent Liabilities and Capital & Other Commitments:

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

9) 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.

10) 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. :

* As per Separate Annexure Attached

11) Previous year's figures have re-grouped and re-arranged wherever necessary.

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Mar 31, 2014

1) The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685

2) Debtors:

The Debtors 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) Credit balances of creditors as also the Loans and Advances are shown as appearing in the accounts and are subject to confirmation.

5) Borrowing Cost:

"NIL" amount of borrowing cost is capitalized during the year.

6) 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.

7) Related Party Transactions:

The related party transaction has incurred during the reporting period: NIL

8) 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.

9 ) Contingent Liabilities:

There are no Contingent Liabilities.

10) The Company has not appointed company secretary throughout the year under review, according to the provision of sec 383 A (1) of the Companies Act, 1956 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.

11) 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.:

-As per Separate Annexure Attached

12) Previous year''s figures have re-grouped and re-arranged wherever necessary.

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Mar 31, 2013

1) Debtors:

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

2) Foreign Exchange Transactions:

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

3) Credit balances of creditors as also the Loans and Advances are shown as appearing in the accounts and are subject to confirmation.

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)The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685

7) Related Party Transactions:

The related party transaction has incurred during the reporting period: NIL

8) Deferred Tax:

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 year 2012-13 has been computed at Rs. 13,949/- (Previous Year Rs. 14415) and is credited to Statement of Profit & Loss A/c The Deferred Tax Assets as at 31 st March, 2013 comprises of the following:

9)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.

10) Contingent Liabilities:

There are no Contingent Liablities.

11) The Company has not appointed company secretary throughout the year under review, according to the provision of sec 383 A (1) of the Companies Act, 1956 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.

12) 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.: as per Annexure Attached

13) Previous year''s figures have re-grouped and re-arranged wherever necessary.

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Mar 31, 2012

1) Debtors:

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

2) Foreign Exchange Transactions:

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

3) Credit balances of creditors as also the Loans and Advances are shown as appearing in the accounts and are subject to confirmation.

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) The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685

7) Related Party Transactions:

The related party transaction has incurred during the reporting period: NIL

8) Statement under Section 217(2A) of the Companies Act, 1956:

There was no employee in receipt of remuneration at a rate of Rs.24,00,000/- per annum for the whole year, nor was there an employee in receipt of remuneration of Rs.2,00,000/- or more per month for any part of the year.

9) Deferred Tax:

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 year 2011-12 has been computed at 14,415 (Previous Year Rs. 76,696) and is credited to Statement of Profit & Loss A/c. The Deferred Tax Assets as at 31st March, 2012 comprises of the following:

10) 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.

11) Impairment of Assets:

There is only one class of asset i.e. Office Equipments.

12) Contingent Liabilities:

Claims against the company not acknowledged as debt: NIL

Income Tax Demand for A.Y 06-07 & A.Y 07-08 NIL

Estimated value of contracts remaining to be executed on capital account NIL and remaining to be accounted

13) The Company has not appointed company secretary throughout the year under review, according to the provision of sec 383 A (1) of the Companies Act, 1956 due to the unavailability to 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.

14) 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.: as per Annexure Attached

15) Previous year's figures have re-grouped and re-arranged wherever necessary.

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Mar 31, 2011

1) Debtors:

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

2) Foreign Exchange Transactions:

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

3) Credit balances of creditors as also the Loans and Advances are shown as appearing in the accounts and are subject to confirmation.

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) The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685

7) Related Party Transactions:

The following related party transaction has incurred during the reporting period : NIL

8) Statement under Section 217(2A) of the Companies Act, 1956:

There was no employee in receipt of remuneration at a rate of Rs. 24,00,000/- per annum for the whole year, nor was there an employee in receipt of remuneration of Rs. 2,00,000/- or more per month for any part of the year.

No. of Employees: 0 Amount : NIL

9) 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.

10) Impairment of Assets:

There is only one class of asset i.e. Office Equipments

The amount of impairment losses recognizes NIL in the statement of profit and loss during the period and the line item(s) of the statement of profit and loss in which those impairment losses are included:

The amount of reversals of impairment NIL losses recognizes in the statement of profit and loss during the period and the line item(s) of the statement of profit and loss in which those impairment losses are reversed:

The amount of impairment losses NIL recognized directly against revaluation surplus during the period:

The amount of reversals of impairment losses recognized directly in revaluation surplus during the period: NIL

11) Contingent Liabilities:

Claims against the company not acknowledged as debt: Rs. 6,84,185.00

Income Tax Demand for A.Y 06-07 & A.Y 07-08 Rs. 6,71,131.00

Estimated value of contracts remaining to be executed on capital account NIL and remaining to be accounted

12) The Company has not appointed company secretary throughout the year under review, according to the provision of sec 383 A (1) of the Companies Act, 1956 due to the unavailability to 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.

13) 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.

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Mar 31, 2010

1) Debtors:

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

2) Foreign Exchange Transactions:

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

3) Credit balances of creditors as also the Loans and Advances are shown as appearing in the accounts and are subject to confirmation.

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) The Company has obtained the registration as a Non-Banking Finance Company from Reserve Bank of India duly approved through its letter dated 16th May, 1998 having registration number as 13.00685

7) Statement under Section 217(2A) of the Companies Act, 1956:

There was no employee in receipt of remuneration at a rate of Rs.24,00,000/- per annum for the whole year, nor was there an employee in receipt of remuneration of Rs.2,00,000/- or more per month for any part of the year.

8) 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.

9) Impairment of Assets:

There is only one class of asset i.e. Office Equipments.

The amount of impairment losses recognizes in the statement of profit and loss during the period and the line item(s) of the statement of profit and loss in which NIL those impairment losses are included:

The amount of reversals of impairment losses recognizes in the statement of profit and loss during the period and the line item(s) of the statement of profit and loss in NIL which those impairment losses are reversed:

The amount of impairment losses recognized directly against revaluation surplus during the period: NIL

The amount of reversals of impairment losses recognized directly in revaluation surplus during the period: NIL

10) Contingent Liabilities:

Claims against the company not acknowledged as debt: Rs.6,84,185.00

Income Tax Demand for A.Y 06-07 & A.Y 07-08 Rs.6,71,131.00

Estimated value of contracts remaining to be executed on capital account and NIL remaining to be accounted

11) The Company has not appointed company secretary throughout the year under review, according to the provision of sec 383 A (1) of the Companies Act, 1956 due to the unavailability to 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.

12) 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.

13) Previous years figures have re-grouped and re-arranged wherever necessary.